Indian shares fell 1% on Wednesday in their worst day in two months, led by Reliance Industries and HDFC Bank, whose warning about its asset quality ratios also weighed on other financials.The Nifty 50 closed 1.2% lower at 19,901.4 points, while the S&P BSE Sensex closed 1.2% down to 66,800.84 points. The benchmarks have fallen […]
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Hindalco shares jump 3% as co mulls Rs 4000 cr investment in extrusion, copper, e-waste recycling facilitiesHindalco shares jump 3% as co mulls Rs 4000 cr investment in extrusion, copper, e-waste recycling facilities
Hindalco’s share price jumped 3.3% in trade on Wednesday as the metal firm announced a Rs 4,000 crore investment plan to establish an extrusion facility for freight wagons and coaches as well as a copper and e-waste recycling plant at the company’s 64th annual general meeting on Tuesday. On the back of this news, Nifty […]
Rupee to appreciate on softening crude prices, DXY to face hurdles near 102.5 level; US debt ceiling eyedRupee to appreciate on softening crude prices, DXY to face hurdles near 102.5 level; US debt ceiling eyed
By Raj Deepak Singh Rupee depreciated last week amid a bounce in the dollar and weak global market sentiments. Market sentiments were hurt on concern over the health of regional banks in the US, economic slowdown in China and uncertainty over US debt ceiling. The US Dollar gained this week despite the ease in inflation […]