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Sept 8, 2023 3:51 PM

Dollar To INR | Indian Rupee Ends At 82.95 Versus USD

The Indian currency settled at a record closing low of 83.21 against the greenback on Thursday.

Sept 8, 2023 3:49 PM

Market This Week | Sensex, Nifty Post Weekly Gains In Over 2 Months, Up 2% Each

- Midcap outperformance continues, records biggest weekly gain of 2023

- Nifty Bank gains for second straight week, posts biggest weekly gain in a month

- All sectoral indices record gains this week, PSU is top gaining index.

- 44 of 50 Nifty stocks rise this week, Coal India, L&T, HCL, BPCL top gainers

- PFC, REC, Petronet, NBCC, Rain Ind, Strides, Dalmia Bharat top Midcap gainers

Sept 8, 2023 3:48 PM

Market At Close | LKP Securities' S Ranganathan On Today's Trading Session

"Benchmark Indices ended the week today just a few percentage away from record highs ahead of the G20 Summit buoyed by good support from the Bank Nifty ( on positive newsflow from the RBI) as well as the PSU & Infrastructure stocks. Despite a deficient monsoon the mood in the market was optimistic as PSU stocks across sectors exhibited positive investor appetite," says S Ranganathan, Head of Research at LKP securities.

Sept 8, 2023 3:46 PM

Market At Close | Nifty, Sensex Gain For 6th Straight Session, Biggest Gaining Streak In 2 Months

- Market ends at nearly two-month highs led by Reliance, L&T, HDFC Bank

- Midcap index posts record close for nineth consecutive sessions.

- Financials rise on announcement ICRR discontinuation in a phased manner

- Reliance gains one percent as company announces AI partnership with Nvidia

- L&T rises for second straight session, up seven percent in two days of major order wins

- Oil marketing companies surge with healthy volumes, BPCL, IOC and HPCL up two percent each

- Power-related stocks ccontinue to move higher, most stocks at life highs

- NTPC, PFC, REC hit record highs, Coal India at five-year high on rising power demand

- IRCTC closes in the green but off highs on rail ministry's order, closes two percent higher

- Havells ends with a gain of six percent on positive brokerage note

- Zee Ent falls two percent as SAT adjourns Zee vs SEBI case till September 14

- Pharma companies underperform in a strong trading session, Glenmark top loser

- Defence stocks higher on an expectation of deals in G20 summit, BEL up two percent

- ICICI Pru ends with a gain of two percent despite below-than-expected August business data

- Firstsources gains nearly two percent as company to hold investor day on Sep 12

- Market breadth favours advances, advance-decline ratio at 1:1

Sept 8, 2023 3:32 PM

Stock Market LIVE Updates | CNBC-TV18 Explains: What Is The Indian Railways' FTR Service That Got IRCTC In Focus

All catering facilities in coaches / trains booked on the Full Tariff Rate service will now be arranged by IRCTC. The Indian Railways announced that catering facilities in such special coaches or trains can only be booked via IRCTC, except for booking in FTR trains which have a pantry car.

But what exactly is the full tariff rate (FTR) service of the railways?

A Full Tariff Rate service allows passengers or organisations to book an entire train or some coaches for a marriage, or a tour program etc. via the FTR website.

Read more here

Sept 8, 2023 3:16 PM

Stock Market LIVE Updates | Reliance And NVIDIA Partner To Advance AI In India, For India

Reliance Industries said with NVIDIA it will build AI infrastructure more powerful than supercomputers in India.

The AI infrastructure will be hosted by data centres that will expand to 2,000 MW. The execution of AI data centres will be managed by Jio.

Sept 8, 2023 2:59 PM

Stock Market LIVE Updates | Apollo Hospitals Slips In Trade

Shares of Apollo Stocks are down 0.8 percent at the moment. The stock has gained 14 percent in the last six months.

Sept 8, 2023 2:56 PM

Stock Market LIVE Updates | RBI To Discontinue Incremental Cash Reserve Ratio In A Phased Manner

The Reserve Bank of India (RBI) on Friday announced its decision to discontinue the Incremental Cash Reserve Ratio (I-CRR) in a phased manner. This decision comes after a careful assessment of current and evolving liquidity conditions in the financial market.

The I-CRR, which was introduced as a temporary measure to manage surplus liquidity, required scheduled banks to maintain a 10 percent reserve on the increase in their net demand and time liabilities (NDTL) between May 19, 2023, and July 28, 2023. The measure was implemented to absorb excess liquidity generated by various factors, notably the return of Rs 2,000 notes to the banking system.

The RBI had initially indicated that the I-CRR would be reviewed on September 8, 2023, or earlier, with the intention of returning the impounded funds to the banking system ahead of the festival season. Following this review, the central bank has decided to discontinue the I-CRR in a phased manner to ensure that system liquidity remains stable and money markets function in an orderly manner.

Read more here

Sept 8, 2023 2:54 PM

Stock Market LIVE Updates | Zee Entertainment Witnesses A Sharp Fall

Shares of Zee Entertainment has slipped 2.1 percent to its day's lows.

The SAT has adjounred the Punit Goenka Vs SEBI matter to September 14

Sept 8, 2023 2:49 PM

Stock Market LIVE Updates | Hindustan Copper Buzzing In Trade

Shares of Hindustan Copper have snapped their three-day losing streak and are up 2.5 percent curently.

The stock has gained 9.8 percent in the past month and 64.5 percent in the last six months.

Sept 8, 2023 2:45 PM

Stock Market LIVE Updates | Realty Stocks Surge

The Nifty Realty index is the top gainer among sectoral indices, up 2 percent at the moment.

As many as nine out of the 10 stocks of the index are in the green.

Sept 8, 2023 2:34 PM

Stock Market LIVE Updates | IRCTC Share Price: This Announcement For Reserved Trains Sends Stock Price Higher

Shares of IRCTC gained as much as 3.5 percent after the company announced that catering facilities in all coaches or trains booked on full tariff rates (FTR) will be arranged by IRCTC. The company cited a directive from the Ministry of Railways for the announcement.

"Party will book catering facilities in such special coaches / trains etc. through IRCTC only, except for booking of FTR trains along with Pantry Car," the IRCTC announcement said.

Read more here

Sept 8, 2023 2:21 PM

Stock Market LIVE Updates | RBI To Discontinue ICRR In A Phased Manner

Entire Incremental CRR Will Be Removed By October 7, As much as 25 percent of ICRR will be released on September 9, 25 percent on September 23 and 50 percent on October 7

Sept 8, 2023 2:15 PM

Stock Market LIVE Updates | IRCTC Says It Will Arrange Catering Facilities In All Trains Booked On Full Tariffs

Catering services in special coaches/trains will be booked via IRCTC. The Railways has released the circular for the entire catering facilities by IRCTC.

IRCTC's stock is surging 7.1 percent at the moment

Sept 8, 2023 2:09 PM

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