Sat, Oct 5, 2024 1:42 PM
Strong jobs report propels dollar to best week since 2022
A Flip by Shubhangi Gupta
Oriental Rail Infrastructure has been moved from the long-term Additional Surveillance Measure (ASM) framework stage 4 to stage 3. The changes will be applicable on the next trading day. This comes as the company has bagged several orders in the past 30 days. Earlier this week, the company secured an order from Western Railways, Mahalaxmi, and Indian Railways.
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Market snapped three-week gaining momentum to record biggest weekly fall since June 2022 amid ongoing geopolitical tensions. This week, BSE Sensex declined 3,883.4 points or 4.53 percent to finish at 81,688.45, while the Nifty50 index fell 1,164.35 points or 4.44 percent to end at 25,014.60. It is the biggest weekly fall since June 2022.
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IDFC Ltd shares may be in the spotlight next week as shares will be suspended from trading effective October 10, 2024, due to its amalgamation with IDFC First Bank. IDFC shareholders will receive 155 shares of IDFC First Bank for every 100 shares of IDFC. Current F&O contracts will expire on October 9, 2024. The shares of IDFC Ltd closed flat with a positive bias at Rs 109.35 on BSE on Friday.
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