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Source: Live Mint Indian frontline indices remained range-bound in volatile trading on Wednesday, as investors chose to stay cautious ahead of the crucial US Federal Reserve meeting, where the announcement of the first rate cut in four years is anticipated. The market experienced a tug-of-war between declining IT stocks and resilient financial shares. A sharp…
Source: Live Mint MUMBAI : State-run oil marketing companies (OMCs) are on course to see a marked improvement in their profitability, thanks to the recent drop in crude oil prices amid stable product prices. The average Brent crude price has dropped to about $70 per barrel in September so far from over $80 in August….
Source: Live Mint The US Federal Reserve reduced its benchmark interest rate by 50 basis points, marking the first decrease since 2020, as the central bank started to unwind the restrictive policies it had put in place to address inflation. The Federal Reserve’s benchmark policy rate has remained in the 5.25%-5.50% range for 14 months….
Source: Live Mint Latest Market News Today Live Updates: Catch today’s market wrap-up! Track Nifty 50 and Sensex movements, along with top gainers and losers. See how Asian and US markets fared and which sectors led the charge (or declined). Summary: Follow Mint’s market blog for real-time updates on your favourite companies. This blog keeps…
Source: Live Mint Private lender ICICI Bank, on Wednesday, became the fourth Indian company to surpass a market capitalization of ₹9 lakh crore for the first time, following a share price increase of over 30 percent in 2024. On September 18, the stock reached an all-time high of ₹1,295 on the BSE, marking a 2…
Source: Live Mint Oil prices fell on Wednesday as the market cautiously awaited a rate cut announcement from the Federal Reserve, while investors digested a mixed crude and fuel storage report out of the United States. Brent crude futures for November lost 55 cents, or 0.8%, at $73.15 a barrel at 11:58 a.m. EDT (1558…
Source: Live Mint Intuitive Machines Inc. shares are surging after the space exploration firm said it won another NASA contract. This one could be worth as much as $4.8 billion. The stock of the the first private company to land a spacecraft intact on the moon soared as much as 66% Wednesday, the biggest intraday…
Source: Live Mint NTPC Green Energy, a subsidiary of India’s NTPC, submitted draft documents on Wednesday for to raise funds via initial public offering (IPO) worth ₹10,000 crore , aiming to capitalize on the nation’s expanding renewable energy initiatives and a booming stock market. Read Full Article
Source: Live Mint Mumbai-based Manba Finance is all set to launch its initial public offering (IPO) on September 23. The company has fixed the price band for its upcoming IPO at ₹114to ₹120 with a face value of ₹10. Investors can place bids for at least 125 equity shares, and in increments of 125 Equity…
Source: Live Mint US stock indices rose slightly on Wednesday, as investors widely expect the Federal Reserve to deliver its first interest rate cut in more than four years. At the opening bell, the Dow Jones Industrial Average rose 22.7 points, or 0.05%, to 41,628.91. The S&P 500 rose 7.1 points, or 0.13%, to 5,641.68,…
