Tag: market news

SEBI changes rule to determine m-cap of listed firms; 6-month average to be used now

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SEBI changes rule to determine m-cap of listed firms; 6-month average to be used now

Representational image of the Securities and Exchange Board of India (SEBI) head office in Mumbai | Photo Credit: Reuters Markets regulator SEBI has revamped the method for calculating the market capitalisation of listed companies under the Listing Obligations and Disclosure Requirements (LODR) rules. Instead of using the market capitalisation of a single day (currently March…

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Rupee rises 3 paise to 83.42 against U.S. dollar in early trade

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Rupee rises 3 paise to 83.42 against U.S. dollar in early trade

Image used for representational purpose. | Photo Credit: Reuters The rupee appreciated 3 paise to 83.42 against the U.S. dollar in early trade on May 6, supported by a firm trend in domestic equities. Forex traders said the strength of the American currency in the overseas market and foreign fund outflows weighed on the local…

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Rupee falls 3 paise to 83.48 against U.S. dollar in early trade

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Rupee falls 3 paise to 83.48 against U.S. dollar in early trade

Image used for representational purpose. | Photo Credit: Reuters The rupee depreciated 3 paise to 83.48 against the U.S. dollar in early trade on April 30 amid a strong American currency against major Asian rivals and an upward movement in the crude oil prices. However, positive sentiment in the domestic equity markets and some inflow…

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Rupee rebounds 14 paise to 83.05 against dollar as U.S. Fed indicates 3 rate cuts

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Rupee rebounds 14 paise to 83.05 against dollar as U.S. Fed indicates 3 rate cuts

Image used for representational purpose. | Photo Credit: Reuters The rupee rebounded 14 paise to 83.05 against the U.S. currency in early trade on Thursday as the dollar retreated from high levels in global markets after the U.S. Federal Reserve indicated three rate cuts this year. At the interbank foreign exchange market, the rupee opened…

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Sensex, Nifty witness volatile trends in early trade

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Sensex, Nifty witness volatile trends in early trade

Bombay Stock Exchange (BSE) building in Mumbai | Photo Credit: Reuters Equity benchmark indices Sensex and Nifty witnessed a volatile movement in early trade on Thursday, amid mixed trends in the global markets. After opening on a sluggish note, Sensex turned positive and rose 7.58 points or 0.01% to 72,630.67 points. But the 30-share benchmark…

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Sensex, Nifty Touch All-Time High Day After BJP's Poll Victory In 3 States

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Sensex, Nifty Touch All-Time High Day After BJP's Poll Victory In 3 States

Indian shares hit fresh all-time highs on Monday, driven by financials and energy stocks as state election results boosted market momentum emerging from strong macroeconomic data and easing global interest rate expectations. The NSE Nifty 50 index rose as much as 1.65% to 20,602.50 points, notching a record high for second session in a row….

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PSPCL Posts Rs 564 Crore Q3 Profit On Lower Power Purchase, More Generation

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PSPCL Posts Rs 564 Crore Q3 Profit On Lower Power Purchase, More Generation

The Punjab State Power Corporation Ltd (PSPCL) has made a profit of Rs 564.76 crore for period ending September as against a loss of Rs 1,880.25 crore in the year-ago period. Under the Aam Aadmi Party (AAP) government led by Chief Minister Bhagwant Mann, the timely repayment of Rs 12,342 crore subsidy to PSPCL helped…

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Centre Bans 'Dark Patterns' On E-Commerce Platforms; Notifies Guidelines

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Centre Bans 'Dark Patterns' On E-Commerce Platforms; Notifies Guidelines

In order to protect consumers’ interest, the government has banned use of “dark patterns” on e-commerce platforms which intend to deceive customers or manipulate their choices. A gazette notification in this regard as “Guidelines for prevention and regulation of dark patterns” was issued on November 30 by the Central Consumer Protection Authority (CCPA) which is…

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Nifty Hits All-Time High After Upbeat Growth Data, Sensex Up 300 Points

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Nifty Hits All-Time High After Upbeat Growth Data, Sensex Up 300 Points

Nifty hit a fresh record high on Friday, as faster-than-expected economic growth in the September-quarter added to optimism over the global interest rate outlook. The NSE Nifty 50 index rose as much as 0.52% to 20,238.45, a new record high, while the S&P BSE Sensex was up 0.44% at 67,286.16, as of 9.35 am. The…

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