Market News

Indian stock market indices, Sensex and Nifty 50, are likely to open lower on Thursday, following a sharp decline in global markets following the US Federal Reserve policy. The trends on Gift Nifty also indicate a gap-down start for the Indian benchmark index. The Gift Nifty was trading around the 23,936 level, a discount of…

State-owned Punjab & Sind Bank (PSB) on Wednesday said it had raised ₹3,000 crore through private placement of infrastructure bonds (long-term bonds). The bank received a total offer of ₹6,031 crore, while the base issue was ₹500 crore, PSB said in a filing with the regulator. Also read: Indian fertilizer companies will soon sign an…

The Canadian dollar is down 0.9% against the greenback It is its weakest point since March 2020 at 1.4444 CAD’s three-month implied volatility rises to 6.6 Canadian bond yields are rising across the curve (Updating prices and activity details) TORONTO, Dec 18 (Reuters) – The Canadian dollar fell to a nearly five-year low against its…

U.S. stocks tumbled on Wednesday, erasing earlier gains after the Federal Reserve cut interest rates by a quarter of a percentage point and the central bank’s economic projections signaled a slower pace of cuts next year. The Fed cut rates by 25 basis points to a range of 4.25%-4.50% and its summary of economic projections…

Fed cuts reverse repo rate by 30 basis points The Fed reverse repo rate is now 4.25%, which corresponds to the low end of the Fed Funds range Analysts expect the Fed adjustment to flush money from the reverse repo facility Dec 18 (Reuters) – The Federal Reserve adjusted a key part of its interest…

A surge in gold imports that pushed India’s trade deficit to a record last month and pushed the rupee to an all-time low was due to an arithmetic error, according to people with knowledge of the matter. Officials double-counted gold shipments in warehouses after a change in methodology in July, the people said, asking not…

DAM Capital Advisors Limited increased ₹251.4 crore from anchor investors ahead of the public issue, according to a stock exchange filing by the company on Wednesday, December 18. The company has allotted 88,86,268 or 88.86 lakh equity shares to the anchor investors at an allotment price of ₹283 per share, with a nominal value of…

The SEBI board on Wednesday tightened norms for MSMEs going public and investment bankers, while expanding the definition of unpublished price sensitive information (UPSI) to include more material events. MSMEs can make a public offer only if the issuers have earned an operating profit of ₹1 crore from operations for two out of the three…

Mamata Machinery Limited increased ₹53.55 crore from anchor investors ahead of the public issue, according to a stock exchange filing by the company on Wednesday, December 18. The company has allotted 22,04,113 or 22.04 lakh equity shares to the anchor investors at an allotment price of ₹243 per share, with a nominal value of ₹10…

The rupee (INR) appears to be gradually weakening towards the 85 per US dollar (USD) mark. The domestic unit closed at a new low, pressured by a host of factors, including importers’ rush to buy dollars, outflows from domestic stock markets due to net selling by foreign portfolio investors and November’s all-time trade deficit. The…