Thu, Nov 7, 2024 9:01 PM
Brookfield India REIT's net operating income up 40% to Rs 486 crore in Q2
A Flip by Avya Verma
Today, shares of Sudarshan Pharma Industries Ltd plunged 2.07% to Rs 402.50 per share from its previous closing of Rs 411 per share with an intraday high of Rs 403 and an intraday low of Rs 393. The stock’s 52-week high is Rs 452.70 per share while its 52-week low is Rs 58.20 per share. The Board of Directors of the company approved equity share having a face value of R 10 each fully paid-up.
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In response to weakening employment data and receding consumer prices, the Federal Reserve slashed its benchmark interest rate in September by a half a percentage point as the central bank shifted its focus from taming inflation toward supporting the job market. The Fed is hoping to execute a rare “soft landing,” whereby it brings down inflation without tipping the economy into a recession.
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Major brokerages including J.P. Morgan, Barclays and Goldman Sachs have forecast a 25-basis-point interest-rate cut by the U.S. Federal Reserve at its November 6-7 meeting. The central bank cut interest rates by an oversized 50 basis points at its Sept. 17-18 meeting. Fed Chair Jerome Powell said the reduction was meant to show policymakers' commitment to sustaining a low unemployment rate.
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