Benchmark Indices End Lower
India’s benchmark stock indices, NSE Nifty 50 and BSE Sensex, closed at their lowest levels in over a month on Monday.
The Nifty 50 settled 309.00 points, or 1.27%, lower at 23,995.35, and the Sensex fell 941.88 points, or 1.18%
For Nifty 50, 24,500-24,550 would be the key resistance area, analysts said. Representative image. (Photo source: Pixabay)
Rupee Ends At Record Closing Low
The Indian rupee weakened by 3 paise on Monday to close at a record low of 84.11 against the US dollar, continuing a downward trend.
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Various denominations of Indian rupee, a five hundred, one hundred Indian banknotes are arranged for photograph. (Photo: Radhakisan Raswe/Source: NDTV Profit).
SEBI Orders Suspension Of Embassy Office Parks CEO
SEBI has directed Embassy Office Parks to suspend CEO Aravind Maiya immediately due to findings from the National Financial Reporting Authority.
SEBI building in Mumbai.
Swiggy Aims To Have 100 Million Consumers
Swiggy aims for 100 million users on the platform, each using it 15 times a month, as CEO Sriharsha Majety expects increased profitability in the food delivery business over the next decade.
The Swiggy IPO consists of a fresh issue of Rs Rs 4,499 crore and an offer for sale of 17.5 crore shares. Image for representation. (Photo source: Swiggy/ YouTube)
Amara Raja Q2 Performance
Amaron’s parent company reported a standalone net profit of Rs 240.71 crore for the quarter ending Sept. 30, up 6.32% year-on-year, while revenue increased 11.55% to Rs 3,135.83 crore.
Amara Raja Batteries. (Source: Company website)
ABB Q2 Performance
ABB India Ltd.’s consolidated net profit rose 21% in the quarter ended Sept. 30, 2024.
ABB India Ltd.’s office building. (Source: Company website)
Investors in Stocks and Crypto Prepare for US Election Volatility
Ahead of a closely contested US election, options traders are reducing risk and preparing for increased volatility across markets.
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