BSE
'US market impact for Sensex to cross 60K'
"The ongoing rally which has taken the Sensex above 60,000 has been triggered mainly by the rally in the mother market US where the Dow has recorded four straight weeks of gains," Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said.
US market impact for Sensex to cross 60K'
"The ongoing rally which has taken the Sensex above 60,000 has been triggered mainly by the rally in the mother market US where the Dow has recorded four straight weeks of gains," Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said.
Markets to continue with upward momentum
BSESNESEX gained 652.70 points or 1.10% to close at 59,959.85 points while NIFTY gained 210.50 points or 1.20 per cent to close at 17,786.80 points. The broader market saw BSE100, BSE200 and BSE500 gain 1.17 per cent, 1.12 per cent and 1.05 per cent respectively. BSEMIDCAP was up 0.98 per cent and BSESMALLCAP was up 0.43 per cent. The Indian Rupee gained 21 paisa or 0.25 per cent to close at Rs 82.47.
NHAI InvIT Non-Convertible Debentures listed on BSE
Union Minister of Road Transport and Highway Nitin Gadkari on Friday said, "Today is a historic day and I feel very happy that we could finally give the Retail Investors (retired citizens, salaried individuals, small and medium business owners) an opportunity to participate in the Nation-Building activity. The minimum investment slab is just Rs 10,000." Gadkari informed that 25 per cent of NCDs has been reserved for Retail Investors.
Markets to gain after initial setback
At the end of the week, BSESENSEX gained 764.34 points or 1.33 per cent to close at 58,191.29 points while NIFTY gained 220.30 points or 1.29 per cent to close at 17,314.65 points. The broader indices saw BSE100, BSE200 and BSE500 gain 1.22 per cent, 1.28 per cent and 1.37 per cent respectively. BSEMIDCAP gained 2.14 per cent while BSESMALLCAP gained 2.57 per cent. Markets gained on two of the four trading sessions and lost on the remaining two.
British pound plunges to all-time low against USD
During early Asia trade on Monday morning, the pound fell by more than 4 per cent to $1.0327 before regaining some ground to around $1.05, said the BBC report. Monday's slump came just two days after the British currency fell to a fresh 37-year low against the US dollar as investors worried that large-scale tax cuts announced by the government would bring much fiscal uncertainty.
Rupee ends 24 paise down at 79.80 against US dollar
"Rupee traded in mixed range in the week between 79.25-79.95 closing the week on a flat but broadly weak note, as dollar index and FII's selling pressure added resistance to rupee whereas Crude price fall and domestic sector performance along with banks positive momentum gave support to the rupee," said Jateen Trivedi, VP Research Analyst at LKP Securities.
Rupee ends 51 paise up at 79.45 against US dollar
Indian markets will be closed on Wednesday on account of Ganesh Chaturthi. "Rupee gained strongly by 0.40 points as heavy short covering was witnessed in capital markets from FIIs. As benchmark rose 2.50 per cent in Indian capital markets, hence rupee time gained more than 0.50 per cent for the first time in the month of August," said Jateen Trivedi, VP Research Analyst at LKP Securities.
Indian markets likely to react negatively after US stock markets down on interest rate warning
Siddhartha Khemka, Head, Retail Research, Motilal Oswal Financial Services said: "US Fed statements post the Jakson Hole symposium indicated the central bank's strong commitment towards controlling inflation over growth. In cues for major central banks across the world, Fed Chair Jerome Powell said that inflation is likely to remain higher for longer period and thus require aggressive stance.
Value of promoter holding in BSE-500 stocks decline to 1.5% in June quarter: Kotak report
Promoters of 81 companies in the BSE-500 Index have pledged part of their holdings in the June 2022 quarter. Only three companies had more than 80 per cent of their promoter holdings pledged. These companies are Thyrocare Technologies, Max Financial Services and Suzlon Energy. However, Medplus Health Services, Sterling & Wilson, Jindal Steel & Power, Sobha and Strides Pharma Science, among others have seen substantial increase in pledged promoter holdings.
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