Before Market Opens: 9 essential things to know at 9 am on February 28, 2024
Vodafone Idea Board approved fundraising of up to ₹45,000 crore through equity and debt, said the telecom company in an exchange filing on February 27. The company said it will raise ₹20,000 crore through a combination of equity or equity-linked instruments and the rest via debt and promoters will also participate in the proposed equity raise. The company said it will call for a meeting of its shareholders on April 2, 2024 and post-shareholder approval it expects to complete the equity fund raise in the coming quarter.
In the forex market, the Indian rupee today ended at 82 rupees and 90 paise against the US dollar. The dollar index, which indicates the US dollar's strength against a basket of six other leading currencies, was down at 103.77 in intra-day trade. Gold prices edged higher on Wednesday, as U.S.
bond yields fell, while investor focus was on a key U.S. inflation print and remarks from several Federal Reserve officials this week for fresh clues on the central bank's interest rate trajectory. Spot gold edged 0.1% higher at $2,031.99 per ounce(Oz), as of 0135 GMT.
U.S. gold futures fell 0.2% to $2,041.00/Oz. Foreign institutional investors (FIIs) net sold shares worth ₹1,509.16 crore, while domestic institutional investors (DIIs) bought ₹2,861.56 crore worth of stocks on February 27, provisional data from the NSE showed.Milestone Alert!
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