Stock Market LIVE: Benchmarks touch record highs; Sensex at 77k mark, Nifty tops 23,400 | News on Markets


9:31 AM

Large Trade :: Mphasis slips after block deal

>> Over 30 million shares change hands on NSE

8:56 AM

Asia shares stumble; uncertainty grips euro as it tumbles to one-month low


Asian stocks sank on Monday as traders heavily pared back on bets for Federal Reserve rate cuts this year given a still-tight US labour market, while a snap election call in France sparked wider political concerns and weighed on the euro.


Trading was thinned in Asia with Australia, China, Hong Kong and Taiwan out for public holidays, but MSCI’s broadest index of Asia-Pacific shares outside Japan still slumped 0.46 per cent. Read more

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8:40 AM

Cheaper rupee boosting its lure as carry trade, says Bank of America

The Indian rupee is stable and inexpensive compared to its emerging market peers, making it a favourite for carry traders, according to Bank of America Corp. 


“If you hold it for the carry, you don’t have much risk that it will depreciate a lot, which would be a greater risk in some of the other carry trades,” David Hauner, head of global EM fixed-income strategy at the bank, said in an interview.

 

The rupee has become one of the least volatile currencies in emerging markets, aided by a long interest-rate pause by the Reserve Bank of India and record foreign exchange reserves. Read more

Rupee, Indian Rupee

8:24 AM

Street Signs: Calm after the storm in markets, spotlight on Mphasis, more


Tranquil waters: Navigating markets after the tempest

Amidst political uncertainty, the most-traded National Stock Exchange Nifty and Bank Nifty indices are experiencing wild swings. The benchmark Nifty plunged as much as 9 per cent on June 4 but recouped almost all losses to log fresh highs on a closing basis. Technical analysts expect things to calm down this week, with key indices likely to consolidate around current levels. Read more

8:10 AM

Buzzing stocks, June 10: Order boost for KEC, RVNL; USFDA action on DRL


KEC International:The company has secured new orders worth Rs 1,061 crore across various sectors, taking the total year-to-date order intake to Rs 3,000 crore.


The T&D business won projects in India, East Asia Pacific, and the America.

The Railways business received orders in both technologically advanced and conventional segments within India. Additionally, the Cables business secured orders for supplying conductors and cables to a prominent infrastructure player in India. 

 


RVNL:The railway company’s joint venture with KRDCL has emerged as the lowest bidder for a project worth Rs 156 crore from Southern Railway for ‘provision of automatic signalling on Ernakulam Thiruvananthapuram Division’ in Southern Railway.

 

Jubilant Pharmova: In a post market hours update, Jubilant Pharmova said on Friday that the United States Food and Drug Administration (USFDA) has issued three observations for its contract manufacturing facility operated by Jubilant HollisterStier LLC in Spokane, Washington. The company, the filing said, will submit an action plan on the observations. Read more

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8:02 AM

Sebi signals change with tougher futures and options stock rules

The Securities and Exchange Board of India (Sebi) has proposed stricter eligibility criteria for adding and retaining stocks in the futures and options (F&O) segment, which accounts for the bulk of the trading volumes.

The proposal—which comes six years after the securities regulator last revised the stock selection framework—is much awaited by the market players as the derivatives stock list has largely remained stagnant for the last two years. Currently, about 182 stocks are eligible to trade in the derivatives segment down from a peak of 209 in 2018. Read more

Sebi signals change with tougher F&O stock rules

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