Market News – Page 31

Sudarshan Chemical shares surge 20%, hit 52-week: Know More About It

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After the company announced that it was acquiring the global pigment division of Germany’s Heubach Group, shares of Sudarshan Chemical Industries surged 20% on Friday, October 11 to reach a 52-week high. The company in an exchange filing today said, “… Sudarshan Chemical Industries Limited has entered into a definitive agreement on 11th October 2024, […]

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Canada’s TSX touches record high after strong domestic jobs data

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The rally in mining companies propelled Canada’s main stock index to a new high on Friday, as worries about a fragile labour market were allayed by an unexpected drop in the country’s unemployment rate. The composite index of the S&P/TSX of the Toronto Stock Exchange. The GSPTSE reached an all-time high of 24,482.62 in the

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Housing finance companies may miss out on festive demand

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The RBI should have lowered key lending rates to increase house demand during the current holiday season, according to Realtors’ apex body Credai, which also asked that the apex bank take lowering the repo rate into consideration at its upcoming meeting. The Reserve Bank of India (RBI) relaxed its very hawkish policy stance to “neutral”

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Stocks climb on bank earnings boost, US yields falls

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U.S. bank profits sent global markets higher on Friday, putting them on pace for a weekly gain. Meanwhile, U.S. Treasury costs mainly decreased as readings on consumer confidence and inflation reinforced predictions over the trajectory of rate cuts by the Federal Reserve. September’s U.S. producer price index for final demand was steady, slightly less than

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Telcos have headroom for more 15% tariff hikes in FY27, says JP Morgan

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Due to the low cost of services compared to other Asian nations and the favourable regulatory climate, telecom companies such as Bharti Airtel and Vodafone Idea have the leeway to impose an additional 15% tariff hike in FY27, according to analysts. Analysts at JPMorgan have determined that annual pricing hikes are necessary for Vodafone Idea,

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Bandhan Bank stock up 9% after RBI approves Partha Pratim Sengupta as MD and CEO

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The Reserve Bank of India (RBI) approved Partha Pratim Sengupta’s appointment as Managing Director and Chief Executive Officer (MD & CEO) for a three-year term, effective November 10, 2024, and the private sector lender’s share price saw a nine per cent increase to Rs 204.90 on the BSE in intraday trading on Friday. “The Bank

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Phoenix Overseas shares: NSE SME stock hits 5% upper circuit, Are you a holder?

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On Thursday, October 10, the price of Phoenix Overseas shares reached the five per cent upper circuit limit. The price of Phoenix Overseas shares opened on the NSE SME on Thursday at ₹44.80, up more than 2% from the previous close of ₹43.60. In intraday trading, the stock increased its gains to 5% and reached

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RCF shares soar 8% on awarding ₹1,000 cr order to L&T for fertilizer plant

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On Thursday, October 10, during intraday trading, shares of Rashtriya Chemicals and Fertilisers (RCF) surged by more than 8%. This was in response to the company’s sizeable purchase order it had put on Larsen & Toubro Ltd (L&T) for a new fertiliser plant. This breakthrough is the result of RCF’s ongoing efforts to increase its

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Tata Elxsi, TTML to Tata Power: These Tata shares jump up to 11% in stock market

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During Thursday, October 10, early morning trading, there was a notable increase in the buying activity of Tata Group shares. The majority of the group’s stocks were rising, with Tata Investment Corporation leading the way at ₹7,545 a share, up 15%. Tata Chemicals increased by 8.9%, and Tata Teleservices (Maharashtra) came in second with a

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PNC Infratech stock up 7% after company secures project worth ₹2,091 crore

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Early on Thursday morning, PNC Infratech’s shares jumped 7% to ₹458.90 after the company declared that it has emerged as the “lowest bidder” for a ₹2,091 crore infrastructure project close to the future Navi Mumbai Airport. Building highways, flyovers, small bridges and associated electrical works are all included in the four-year contract, as per the

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