National Aluminum, SAIL shares surge up to 4% on PBoC’s 50 bps RRR cut
Shares of metal companies like National Aluminium surged 4.7% to its fresh 52-week high of Rs 21.40 while those of SAIL rallied 3.5% to day’s high of Rs 144.20 on the BSE as People’s Bank of China (PCoB) announced that it would cut the amount of cash that banks must hold as reserves (reserve requirement…
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Suzlon Energy shares downgraded by Morgan Stanley, stock falls 2%
Global brokerage Morgan Stanley has downgraded Suzlon Energy shares from “overweight” to “equal weight.” Following this update, the shares of the wind energy solutions provider fell 2% to a day’s low of Rs 80.5. Despite the downgrade, Morgan Stanley has raised its price target for Suzlon to Rs 88 per share, up from Rs 73….
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Balrampur Chini, Shree Renuka and other sugar stocks rally up to 8% as govt to consider MSP, ethanol price hike
Sugar stocks rallied up to 8% after Food Minister Pralhad Joshi announced the government is mulling increasing ethanol prices and raising the minimum selling price (MSP) of sugar. Balrampur Chini led the gains among sugar stocks, rising 8% to Rs 260.5. Other notable performers included Avadh Sugar & Energy, Bajaj Hindustan Sugar, and Dalmia Bharat,…
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Trent, BEL among 10 stocks to to receive significant inflows – Nifty50 September Rejig
Indian Railway Finance Corporation Share Price 156.81 04:00 PM | 27 Sep 2024 -0.04(-0.03%) Suzlon Energy Share Price 81.09 04:00 PM | 27 Sep 2024 -0.75(-0.92%) Indian Renewable Energy Development Agency Share Price 232.19 04:00 PM | 27 Sep 2024 7.69(3.43%) Tata Motors Share Price 993.0 04:00 PM | 27 Sep 2024 -0.15(-0.02%) YES Bank…
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NRI Rajiv Jain’s GQG to pay $500,000 penalty to settle US SEC charges
US-based NRI investor Rajiv Jain-led GQG Partners, best known in India for investing in Adani stocks, has been charged by the US Securities and Exchange Commission (SEC) for allegedly violating whistleblower protection rules. The boutique investment firm has agreed to settle charges by paying a $500,000 penalty. “The SEC’s order finds that GQG violated whistleblower…
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Nikkei rallies 2% on softer yen, Japan leadership contest in spotlight
Japan’s Nikkei share average rallied more than 2% on Friday, buoyed by further softening of the yen after a strong advocate of “Abenomics” took the lead in first-round votes in the ruling Liberal Democratic Party’s leadership election. The Nikkei ended 2.32% higher at 39,829.56, its highest close since July 19, while the broader Topix finished…
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Silver surges to highest since 2012 as precious metals rally
Silver hit the highest level since 2012, while gold reached a new record as expectations for additional Federal Reserve interest-rate cuts boosted precious metals. The white metal climbed as much as 2.8% to $32.71 an ounce on Thursday, extending this year’s gain to 37%. Its advance came during a broad rally for precious metals, with…
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How to use floating shelves in home decor?
Floating shelves are becoming an increasingly popular decor-cum-storage option due to their minimalist appeal. With a wall-mountable feature that gives it an illusion of floating without any support, they are a highly efficient and space-optimising storage solution. Moreover, there are endless possibilities to decorate them, making them an ideal choice for both functional and ornamental…
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File it, forget it? Lack of checks raises concerns over Sebi members’ disclosures
Disclosure requirements for board members at India’s capital market regulator are under the spotlight in the wake of impropriety charges by Hindenburg Research and the Opposition Congress against chairperson Madhabi Puri Buch, whose allegedly undeclared conflicts of interest lapses have lately come under attack. Rules require Securities and Exchange Board of India (Sebi) board members,…
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Avi Ansh Textile IPO listing today: GMP hints at marginal gains
The shares of Avi Ansh Textile will debut on the NSE SME platform on Friday. Ahead of the listing, the company’s shares are trading with a marginal GMP of Rs 2 in the grey market. This indicates a likely listing premium of 3% over the issue price, which was fixed at Rs 62 at the…
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