Market Bizzz

The world’s biggest currency hit as high as $40,210 in Sunday trade, its highest since April 2022. It was steady at $40,011 in thin trade early in the Asia day on Monday.

The Rs 500 crore worth IPO comprises fresh issue worth up to Rs 250 crore, and an offer for sale aggregating upto Rs 250 crore by the promoters – Sudhir Rai and Anita Rai.

Another surge occurred in April 2023, reaching 61,800, followed by a correction to around 56,500 by October 2023.

He was optimistic on consumer spending. Markets interpreted his remarks to be a clear indication that the Fed is done with hiking rates.

Traders have factored in victories for the BJP in the latest round of state polls and their results, to be announced Sunday, may have a bearing on the short-term directional trend for stocks, although most analysts believe the indices will climb through December.

The move is a relief to UK-based banks Standard Chartered, Barclays and HSBC, which are themselves large players in the domestic bond and derivatives markets and are also custodians of foreign investment flows into India.

​​Its previous record was hit on September 15 at 20,222.45. In the past one-and-a-half-months, the Nifty Realty was the top gainer, which saw an upside of over 21%. Nifty India Defense gained almost 12%.

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