Rupee falls 6 paise to 83.75 against US dollar in early trade (30-09-2024)
The rupee depreciated by 6 paise to 83.75 against the US dollar in early trade on Monday due to negative equity market sentiment and foreign fund outflows. Forex traders cited rising crude oil prices and a strong dollar as contributing factors. Investors are awaiting domestic manufacturing PMI numbers this week.
Sebi set to curb booming options frenzy as risks abound (30-09-2024)
Sebi will discuss the measures proposed earlier in July — including limiting the number of options with weekly expirations and raising the minimum contract size — at a board meeting today, the people said, asking not to be identified before a final announcement.
Max Estates’ residential development at Gurugram records pre-sales of Rs 4,100 crore (30-09-2024)
Max Estates said that its first residential development in Gurugram has garnered pre-sales booking value of Rs 4,100 crore, surpassing the guidance of Rs 4,000 crore provided by the company for FY25.
Japan’s Nikkei index sinks 4.7% after ruling party chooses Ishiba as next prime minister (30-09-2024)
Markets viewed Ishiba’s top rival, Economic Security Minister Sanae Takaichi, as a more investor-friendly option, analysts say
Benchmarks drop in early trade; breadth negative (30-09-2024)
At 09:30 IST, the barometer index, the S&P BSE Sensex, declined 458.61 points or 0.54% to 85,118.46. The Nifty 50 index slipped 128.90 points or 0.49% to 26,050.05.
Monday Blues! Sensex slides 700 points, Nifty below 26K on mixed global cues (30-09-2024)
Indian benchmark indices Sensex and Nifty50 opened lower on Monday, influenced by mixed regional market cues and declines in major stocks like Reliance Industries and Infosys.
How to read better to catch long term structural trends? (30-09-2024)
Dii are biggest investors in the Indian Market. Youngsters are aggressively buying SIP, which inturn enters equity. That is why prices of equities are appreciating far beyond normal levels. Companies like HAL now seems to be overpriced. You can also look at listed Drone companies in India and what they do. Just depending on Govt policy decision for sales is not a good thing.
Industry should have diverse customer base with wide spectrum revenue sources.
Having exports is a good thing. But probe who are the customers. Again, if it is govt of other countries, one cannot bet on policy decisions of any govt. It can change any time.
NMDC Ltd Spikes 3.85%, BSE Metal index Rises 1.11% (30-09-2024)
NMDC Ltd has added 9.61% over last one month compared to 6.69% gain in BSE Metal index and 3.44% rise in the SENSEX
Phoenix Mills Ltd Slides 6.56%, BSE Realty index Drops 1.43% (30-09-2024)
Phoenix Mills Ltd has lost 6.68% over last one month compared to 4.75% gain in BSE Realty index and 3.44% rise in the SENSEX