The 30-share BSE Sensex closed up 13.65 points at 81711.76
The Nifty nearly hit a record high of 25,078 but ended flat at 25,018, while the Sensex gained 13 pts to close at 81,711 amid global issues. Here are the stocks that were in maximum action today.
The Nifty 50 closed at 25,018, just short of a new all-time high, as the BSE Sensex ended at 81,711. Gains were led by Bajaj Finserv and other major companies. Investors anticipate the Federal Reserve's interest rate cut in September. Nifty Media saw substantial growth following Zee Entertainment's settlement agreement with Sony India.
The CBI sought expertise from AIIMS on forensic reports in the alleged rape and murder case of a trainee doctor at RG Kar Medical College. They aimed to verify if Sanjay Roy acted alone. The victim’s body was discovered on August 9, prompting her arrest and subsequent investigation, including polygraph tests.
Congress general secretary Ghulam Ahmad Mir suggested that some regional parties in Jammu and Kashmir not aligned with the INDIA bloc might be indirectly supporting the BJP. Speaking after filing his nomination for the Dooru assembly seat in Anantnag district, Mir expressed concerns that these parties could be working with the BJP for the upcoming assembly elections.
And I think there are triggers to reach that margin. If you look at the losses in Zee5, they have been converging. If you look at a lot of efficiencies around employee cost, technology cost, other expenses put together.
The Bharatiya Janata Party (BJP) announced the third list of candidates for the upcoming Jammu and Kashmir elections, set to take place in three phases on September 18, 25, and October 1.
Foreign investors in Byju's, such as General Atlantic and Prosus, sought the Supreme Court's attention amid the company's $1 billion dispute with U.S. lenders, leading to its insolvency. These investors, who own a combined 17% stake, highlighted concerns of mismanagement, reinforcing similar accusations previously made by U.S. lenders.
Asian currencies slipped, with the Philippine peso down 0.5% and leading losses, while the dollar index was at 100.8, hovering close to its weakest level since December.
Extrovert characteristics like friendliness, boldness, and risk-taking are highly valued in various cultural contexts. She discusses, for instance, how students at a prominent university feel under pressure to fit in with the extroverted norms. This also applies to a lot of business settings.
The Indian government investigated Telegram over alleged involvement in criminal activities such as extortion and gambling. This came following the arrest of its CEO Pavel Durov in France for multiple charges. Authorities indicated a potential ban based on probe outcomes. Telegram claimed compliance with Indian laws but lacks a physical presence in India.
DeepMatrix, a deeptech startup, raised $1.6 million in a funding round led by YourNest and Arali Ventures, with angel investors taking part. Founded in 2022, the company plans to use the funds to improve its product offerings and global market presence, focusing on geospatial data management for mining and asset management sectors.
Global property consultant JLL has announced that India's top real estate markets have entered the 'transparent' zone for the first time, driven by the institutionalisation of commercial assets and improvements in data access. This development was highlighted in JLL's 'Global Real Estate Transparency Index, 2024'. With a composite score of 2.44, India now ranks 31st among 89 countries.
Shriram Finance, an Indian non-banking lender, plans to raise $1.25 billion to $1.5 billion in the current fiscal year from international markets to diversify its borrowings. The funds will be raised through a mix of loans and bonds. This move comes after India's central bank required lenders to hold more capital for loans to NBFCs, increasing the cost of raising funds.
India's 84-strong team of para-athletes, their largest ever, aimed to achieve unprecedented success at the Paralympic Games, with a goal of winning over 25 medals. This ambition came from their splendid performances at recent events like the Hangzhou Asian Para Games and the World Para Athletics Championships. Key competitors included javelin thrower Sumit Antil and shooter Avani Lekhara.
Pune-based Finarkein Analytics secured $4.75 million in a pre-series A funding round led by Nexus Venture Partners. Existing investors IIFL Fintech Fund and Eximius Ventures also participated. The firm plans to use the funds for product development and expansion. Founded in 2019, Finarkein focuses on data and workflow orchestration for digital public infrastructure in India.
A Delhi court extended Chief Minister Arvind Kejriwal's judicial custody in a corruption case related to the alleged excise scam until September 3. This decision was made by Special Judge Kaveri Baweja after Kejriwal was produced before the court via video conference upon the expiry of his earlier granted judicial custody.
Apple has appointed Kevan Parekh, its VP of financial planning and analysis, as the new CFO, effective January 1, 2025. Parekh will succeed Luca Maestri, who will transition to another role within the company.
Stablecoins currently dominate the crypto market, accounting for a significant 92.98% of the total 24-hour trading volume at $61.7 billion. Bitcoin, despite a market cap dip to $1.242 trillion, still holds a 56.26% dominance. Its trading volume surged by 43.6% to $28.15 billion in the last 24 hours.
Latest gold price: Price of gold up more than 22% in one year
