Thu, Feb 15, 2024 9:32 AM
Rerating of high-flying PSUs has few more legs: Jefferies
A Flip by Shubhangi Gupta
📈 Domestic benchmark indices closed on a bearish note after the volatile session on 07-November-2024. 📢 At 3:30 PM, the Sensex tanked by 836.34 points or 1.04% at 79,541.79, and the Nifty ended lower by 284.70 points or 1.16% at 24,199.35. 📊Among sectoral indices, Nifty PSU Bank (⬇️2.73%), and Nifty Bank(⬇️0.77%) witnessed considerable selling pressure.
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The board of Surya Roshni today announced that the company will hold its board meeting on November 14 wherein they will consider an interim dividend and bonus share issue to its shareholders. “It is hereby informed that a Board Meeting of the Company is scheduled to be held on Thursday, 14th November, 2024, inter alia, to consider declaration of interim dividend to the equity shareholders.
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Silver prices fell 0.04% to ₹90,781 per kilogram on Thursday ahead of the US Federal Reserve's interest rate decision, with global prices down 0.21% at $31.27 per ounce. The Fed's expected rate cut could drop silver prices, but strong Indian demand could drive imports up to 6,500-7,000 tonnes and push prices to $40 per ounce by the end of the financial year.
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