PNB Housing Finance Block Deal Today: PNB Housing Finance experienced a 13.1% equity change in a block deal with Carlyle reportedly selling at Rs 755 per share. The stock dropped 1.5% on BSE after the transaction. ICICI Securities continued to recommend buying the stock, noting its growing retail mortgage business and strong quarterly financial performance.
The chief minister during the Deputy commissioners conference stated that DCs have been asked to keep Government functions simple and solemn. Vegetarian food must be served in all Government functions or whenever there is a visit of the Chief Minister or Ministers.
The Meme Games ($MGMES), a new crypto project inspired by the 2024 Olympics, rapidly raised over $150k in its presale. Participants buy tokens and select meme characters to race. Successful selections earn bonuses. The presale concludes on September 8, with the token launching on decentralized exchanges on September 10.
A total of 1,358 shares changed hands on the counter till 10:40AM (IST)
The 2024 Budget introduced changes to the tax structure, reducing the holding period for equity, overseas, and gold mutual funds from more than 36 months to more than 24 months. The long-term capital gains tax rate was also lowered to 12.5%. This made these funds more attractive, though Sebi halted new overseas ETF subscriptions due to investment limits.
The Relative Strength Index of the stock stood at 58.42 on Tuesday.
New meme coins are entering the market, bringing novel utilities and features. Pepe Unchained launched a layer-2 blockchain, and WienerAI integrated AI trading tools. The Meme Games started a gamified presale tied to the 2024 Olympics. These fresh entrants aim to outshine established meme coins like Dogecoin by offering functional value.
And given that kind of a situation that we are talking about, maybe many of the companies which are basically using the derivatives of the crude oil, they are going to be the beneficiary and particularly those are the ones which are likely to be in the chemical and speciality chemical segments in particular.
A total of 103 shares changed hands on the counter till 10:30AM (IST)
The Nifty IT index was trading 0.43 per cent down at 40644.1.
Prudent Corporate Advisory Services reported surpassing Rs 1 lakh crore in assets under management by July 26, 2024. This achievement reflects a fivefold growth in equity AUM over the last five years, benefitting over 17 lakh investors, according to Chairman Sanjay Shah.
A total of 4,150 shares changed hands on the counter till 10:25AM (IST)
Maldivian Member of Parliament for South Galolhu constituency, Meekail Nasym, has expressed hope that Maldives President Mohamed Muizzu acknowledges the geographical significance that New Delhi and Male hold for each other and tries to maintain the age-old relationship between the two nations. Speaking to ANI, Meekail Nasym said that Muizzu has realised that his foreign policy is not working.
On Tuesday, Indian government bond yields declined, driven by demand from domestic banks, with the 10-year benchmark yield reaching a two-year low. This trend was influenced by the Reserve Bank of India's new liquidity guidelines for lenders. Additionally, traders awaited the Federal Reserve's policy decision for further market movements.
Hemant Rustagi discussed the new NPS Vatsalya scheme, highlighting that it adds another investment option for parents planning their children's education. He noted the importance of understanding different investment options and their nuances. Rustagi emphasized flexibility and return potential when comparing NPS with other existing schemes for long-term financial goals.
Satish Ramanathan, CIO-Equity at JM Financial Asset Management, transitioned from engineering to a successful career in equities. He manages four significant schemes and follows a meticulous investment philosophy. His approach balances caution with boldness, focusing on long-term growth and quality. His passion lies in responsibly managing public funds and receiving client appreciation.
A total of 35,181 shares changed hands on the counter till 10:20AM (IST)
Singapore has permitted 16 insect species for human consumption to boost food security, aiming to meet 30% of nutritional needs by 2030. Insects must be farmed safely. Local interest is growing, highlighted by the House of Seafood restaurant's new insect-based menu. The move is significant amid rising global food security challenges.
Gold futures edged up to Rs 68,272 per 10 grams and silver to Rs 81,450 per kg as investors looked to the Federal Reserve's upcoming interest rate decisions. Analysts noted a bearish trend in gold but indicated potential for short-term recovery ahead of key employment data releases.
The Nifty Auto index was trading 0.32 per cent up at 26510.0.
In the short term, we can see Nifty around the 25,900-26,000 levels, and yes, we do evaluate the global market, but we focus more on Indian market analysis.
A total of 3,645 shares changed hands on the counter till 10:15AM (IST)
The 30-share BSE Sensex was up 7.35 points at 81363.19
The co-living sector has seen a rising demand for one-bedroom units as corporate clients seek more privacy and space. Operators are adapting by offering more single occupancy accommodations with private kitchens. This trend reflects a shift in lifestyle preferences towards private and comfortable living spaces, especially in metro cities.
