The rupee appreciated by 10 paise to 86.71 against the US dollar on Tuesday, driven by gains in Asian currencies and positive domestic equities. The rupee’s sharp rise was limited due to global trade concerns. The Sensex rose by 577.71 points, while the Nifty increased by 174.05 points. FIIs sold equities worth Rs 4,488.45 crore.Read More
Indian government bond yields remained mostly steady with the benchmark 10-year yield at 6.6932%. Investors’ focus is on the state debt auction, with states looking to raise 521.20 billion rupees, and the Reserve Bank of India’s bond purchase worth 500 billion rupees.Read More
JM Financial has maintained a buy call on Ami Organics with a target price of Rs 2605. Ami Organics, operating in the chemicals sector, reported a consolidated total income of Rs 276.66 crore for Q3 2024 and net profit of Rs 45.45 crore. Expected robust demand for Nubeqa intermediates and electrolyte additives sales are key growth drivers.Read More
IndusInd Bank shares rose 1.5% to Rs 687.45 on Tuesday, March 18, after Moody’s reaffirmed its ‘Ba1’ rating. The bank also raised Rs 11,000 crore through certificates of deposit (CDs) to strengthen its funding position following deposit withdrawals triggered by a Rs 2,000 crore accounting discrepancy in its derivatives book.Read More
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