Stock Market LIVE Updates: GIFT Nifty indicates a weak start; US, Asian markets gain
Food and grocery delivery platform Swiggy has received approval from market regulator Securities and Exchange Board of India (SEBI) after its confidential filing of draft share sale documents, clearing a crucial hurdle to its highly anticipated initial public offering, people familiar with the development said. Read More
The Hon’ble Bombay High Court vide its order dated 23rd September, 2024, has dismissed the petition on account of Hindustan Unilever having statutory remedy of an appeal against the Assessment Order (AO) order.
The Hon’ble Court, has however, allowed the Company’s contentions on the facts and law to be kept open.
The company filed a Writ Petition before Hon’ble Bombay High Court challenging the Assessment Order dated 23rd August, 2024 (AO Order) and the consequential notice of demand by the Income Tax Authorities whereby a demand of Rs 962.75 crores (including interest of Rs 329.33 crore) on account of non-deduction of TDS by the company.
Start your day ahead of the curve with our sharp, curated morning news roundup. Get the key stories from top newspapers and stay informed about the most important developments across various sectors…Read More
Snowman Logistics approved resignation of Sunil Prabhakaran Nair as Chief Executive Officer & Whole-time Director, and Key Managerial Personnel, with effect from the close of business hours of 30 November, 2024.
Ans also approved appointment of Padamdeep Singh Handa as Whole Time Director & Chief Executive Officer, and Key Managerial Personnel, of the Company with effect from 01 December, 2024.
Heat exchangers manufacturer KRN Heat Exchanger and Refrigeration has raised Rs 100.1 crore from 10 anchor investors on September 24. The said fund raising is ahead the issue opening on September 25.
Holani Venture Capital Fund is the largest buyer amongst the participants in the anchor book, buying 8.58 lakh equity shares worth Rs 18.87 crore at the upper price band, followed by Mint Focused Growth Fund, which picked 6.36 lakh shares worth Rs 14 crore. Read More
The Nifty traded within a narrow range yesterday, taking a breather after a three-day rally. The short-term sentiment remains positive, with the index staying above the critical 21-day EMA, supported by a bullish crossover in the daily RSI.
However, for the rally to continue, the Nifty must decisively break above the 26,000 level. Until then, we expect range-bound movement, with the index fluctuating between 25,800 and 26,000 over the next few hours to a few days.
According to experts, the Nifty 50 is likely to remain rangebound, with immediate support at 25,800 and resistance at 26,000, though the overall uptrend remains intact….Read More
Asian shares gained for a fifth day as a rally sparked by support measures from Beijing continued, while US stocks set fresh highs, with investors preparing for further rate cuts.
Trends on GIFT Nifty indicate a negative start for the broader index in India, with a loss of 58.50 points or 0.23 percent. The Nifty futures were trading around 25,925 level.
Oil prices steadied on Wednesday after rising in the previous session on fading excitement for the economic stimulus in China, the world’s biggest crude importer, though an industry report showing falling U.S. crude and fuel inventories supported the market.
Brent crude futures gained 3 cents at $75.20 a barrel. US West Texas Intermediate crude lost 2 cents at $71.58 per barrel.
Prices rose about 1.7% on Tuesday after China announced its most aggressive economic stimulus since the COVID-19 pandemic, with interest rate cuts and government funding.
#1 Dow, S&P 500 hit record highs yet again
#2 Nasdaq less than 4 percent from record high
#3 All 3 US indices on track for a positive September
#4 US September consumer confidence slips to lowest level in over 3 years
#5 Asian markets largely rangebound; Hang Seng jumps over 2%
#6 GIFT Nifty hints at a flat but negative start
#7 10-year yield hovers near the flatline at 3.7 percent
#8 US Fed Governor Michelle Bowman: More measured approach was warranted on rate cut
#9 Oil prices steady as China stimulus excitement fades, US stockpiles fall
#10 Middle East tensions, rate cut bets power gold to fresh record high
The S&P 500 and Dow ended at record highs on Tuesday, shrugging off weak consumer confidence data, as mining stocks surged following China’s announcement of a sweeping stimulus package.
The indexes initially trimmed gains after a report from the Conference Board revealed an unexpected decline in U.S. consumer confidence in September, driven by growing concerns about the labor market’s health.
The Dow Jones Industrial Average rose 83.57 points, or 0.20%, to 42,208.22, the S&P 500 gained 14.36 points, or 0.25%, to 5,732.93 and the Nasdaq Composite gained 100.25 points, or 0.56%, to 18,074.52.