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The U.S. dollar strengthened in global markets, with benchmark U.S. Treasury yields hitting an 11-year high overnight, as investors positioned for more Federal Reserve interest rate hikes to tame high inflation after its latest hike this week.

Gold falls Rs 139; silver declines Rs 363

Updated at : 2022-09-23 16:20:01

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"Gold prices have capped downside despite of stronger dollar over recession worries as the US Federal Reserve committed to raise interest rates," said Tapan Patel, Senior Analyst (Commodities) at HDFC Securities.

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Cash had inflows of $30.3 billion, while global equity funds saw outflows of $7.8 billion in the week through Sept. 21, the bank said in a note, citing EPFR Global data. Bond funds lost $6.9 billion, while $400 million left gold, the data showed.

ETMarkets filtered companies with a net sales value over Rs 500 crore and excluded loss-making ones during these 12 quarters. To examine further we picked companies with a market cap of over Rs 500 crore.

Chola Inv Finance shares down 6.16% as Nifty falls

Updated at : 2022-09-23 15:20:01

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The stock quoted a 52-week high price of Rs 817.95 and low of Rs 469.75.

Ethereum Merge: The dawn of green blockchain is here

Updated at : 2022-09-23 15:20:01

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A single Ethereum block takes around 13-14 seconds for mining. However, with the implementation of the proof-of-stake (PoS) mechanism, the validation time for a block will only take 12 seconds. Following the Merge, The Ethereum network will break up the data blocks into smaller blocks enabling more transactions to happen at a faster pace. As a result, it will be simpler and faster to use because it can contain more transactions in a single block.

Schneider Electric climbs 13%, hits 52-week high

Updated at : 2022-09-23 15:20:01

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Earlier on September 6, 2022, the company received approval from its board of directors for enhancing the production capacity of vacuum interrupters and vacuum circuit breakers by setting up a manufacturing unit in Kolkata.

Cipla gains 3% as Indore plant gets EIR from USFDA

Updated at : 2022-09-23 15:20:01

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“This is to inform that following the product-specific PAI by the USFDA at the Indore plant, the company has now received the Establishment Inspection Report (EIR) indicating closure of the inspection,” the BSE filing said.

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A host of domestic brokerage firms have initiated coverage on various stocks from different sectors including consumption, infra, engineering, FMCG and consumer durables, among others.

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