Real Estate stocks were trading in the positive zone, with the BSE Realty index rising 114.91 points or 1.38% at 8462.93 at 09:47 IST.
Basic materials stocks rise (20-09-2024)
Basic materials stocks were trading with gains, with the BSE Commodities index increasing 47.74 points or 0.62% at 7701.84 at 09:47 IST.
Are interest rate cuts good for bank stocks? Well, it is a double-edged sword! (20-09-2024)
The US Fed’s potential interest rate cuts may influence the RBI to follow suit by December 2024. This could impact bank stocks, with falling rates affecting margins but boosting credit demand. NBFCs and wholesale-funded banks might benefit more initially, while consumption-focused lenders could see increased credit accessibility.
Stock market update: Nifty Bank index advances 0.54% in an upbeat market (20-09-2024)
The Nifty Bank index was trading 0.54 per cent up at 53321.75.
IIFL Finance spurts after RBI lifts curbs on gold loan biz (20-09-2024)
IIFL Finance surged 11.88% to Rs 553 after the Reserve Bank of India (RBI) has lifted the restrictions imposed on the gold loan business of the company.
Vodafone Idea shares tumble 24% in 2 days, slip below Rs 10 mark (20-09-2024)
Vodafone Idea shares have dropped 24% in two days, falling below Rs 10 due to the AGR ruling. The Supreme Court upheld the full AGR demand of Rs 70,320 crore. Despite this, Nomura upgraded the stock to ‘buy,’ while UBS suggested a fair value range of Rs 12 to Rs 24.
Interarch Building Products wins orders worth Rs 634 cr so far in FY25 (20-09-2024)
Interarch Building Products has secured new orders worth Rs 633.5 crore in this financial year. During the first quarter, the company secured new orders of Rs 341 crore and for Q2 FY25 till 14 September 2024, the company has secured orders of Rs 293 crore. The company’s order book as on 14 September 2024, stood at Rs 1,350 crore.
Phoenix Mills rallies 7% as arm emerges highest bidder for plots in Punjab (20-09-2024)
The uptick in The Phoenix Mills share price came after the company said that it unit, Casper Realty Private Limited, has been declared as the highest bidder for two prime city-centric plots in Mohali
Avi Ansh Textile IPO opens. Check issue size, price band, GMP and other details (20-09-2024)
Avi Ansh Textile’s SME IPO opens for subscription today and will close on September 24. The company aims to raise Rs 26 crore through a fresh equity issue of 41,93,541 shares at Rs 62 each. The funds will be used for loan repayment, working capital, and general corporate purposes.