In the past month, the benchmark index Nifty 50 increased by 1.1%, while the Midcap and Small Cap indices rose by 0.5% and 1.2%, respectively.
Paramatrix Technologies Share Price: Paramatrix Technologies' shares listed on the NSE SME platform with a 5% premium, debuting at Rs 115 against an issue price of Rs 110. The IPO, a fresh equity sale of 30.76 lakh shares, was subscribed over nine times. Funds will be used for infrastructure, service enhancement, and geographical expansion.
The stock traded at a P/E multiple of 70.24, while the price-to-book value ratio stood at 27.81.
On the technical charts, the RSI of the stock stood at 56.02.
The Nifty Realty index was trading 0.4 per cent down at 1041.2.
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Volkswagen management will address a tense workforce at its Wolfsburg headquarters, proposing significant cuts, including factory closures in Germany, to achieve a 6.5% profit margin by 2026. The automaker is considering ending a decades-old job guarantee as part of a 10 billion euro cost-cutting drive.
A total of 171 shares changed hands on the counter till 10:25AM (IST)
Rachael "Raygun" Gunn, an Australian breakdancer, has apologised for the backlash following her performance at the Paris Olympics. Her routine, which included a kangaroo hop move, was widely ridiculed and led to criticism from both the public and media. Despite losing all her match-ups, Gunn emphasized her dedication and hard work in preparing for the Games.
The 30-share BSE Sensex was down 412.89 points at 82142.55
As of September 3, there was a notable surge in futures open interest for 5 stocks in the NSE F&O pack, contributing to an increase in OI of over 6% as compared to the previous trade.
Gold and silver futures opened with mixed trends on Wednesday, influenced by upcoming US economic data and weaker crude oil prices. Gold October futures saw a slight rise, while silver December futures declined.
Shares of defense companies such as BEML, Paras Defence, and Mazagon Dock surged by up to 3% on Wednesday following the Defence Acquisition Council's approval of proposals worth Rs 1.4 lakh crore to boost the Indian Armed Forces' operational capabilities. The defense ministry's emphasis on indigenization is evident, with 99% of the acquisitions expected to be sourced from domestic players.
Four Indians lost their lives in a tragic accident in Anna city, Texas, when their SUV caught fire after colliding with a speeding truck on August 30. The victims were identified as Aryan Raghunath Orampati, Farooq Shaik, Lokesh Palacharla, and Darshini Vasudevan. DNA fingerprinting is being used for identification. Three others sustained injuries. Families are awaiting confirmation from authorities.
The stock quoted a 52-week high price of Rs 1503.35 and low of Rs 981.25.
As the 2024 presidential race heats up, election forecasters and their predictive models are under scrutiny. Unlike polls that capture current voter sentiment, these models predict future outcomes by analyzing various factors. This helps campaigns strategize effectively. Understanding these forecasts can offer insights into candidate strategies and potential election results.
The Nifty Auto index was trading 0.66 per cent down at 25864.1.
A 27-year-old woman, Shahana Kazi, died after being hit and dragged by a speeding car in Mumbai's Malad area. The incident occurred late at night as she was returning home from a class. The driver, Anuj Sinha, has been arrested and a blood sample taken. Eyewitnesses reported frequent overspeeding in the area. Further details are awaited.
A total of 14,248 shares changed hands on the counter till time (IST).
I think one difference versus a year ago, two years ago is, I mean, the Fed is the market's friend now. It expects inflation to come down. Inflation is very close to being in the area that they would consider to be the target zone and they have made it clear that they do not think that there is a need for unemployment to go much further.
According to stockedge.com's technical scan data, on September 3, three stocks with a market cap over Rs 10,000 crore came to the bullish scanner of "White Marubozu".
The stock quoted a 52-week high price of Rs 11047.4 and low of Rs 6634.6.
Heavy rainfall in Nagaland's Chumoukedima district caused flashfloods, damaging houses and a major portion of National Highway-29. One person died and several others are missing. The state government is coordinating with the Centre for relief efforts, while search operations are ongoing to locate the missing individuals.
Aeron Composite's shares listed on the NSE SME platform with a 20% premium at Rs 150, compared to the issue price of Rs 125. The IPO saw a subscription of over 40 times, raising Rs 56.1 crore. Proceeds will fund a new manufacturing unit and other corporate purposes.
The MSRTC employees' strike for a salary hike and other demands has entered its second day, disrupting services and causing inconvenience to passengers ahead of the Ganesh festival. Chief Minister Eknath Shinde is set to meet with trade union leaders to resolve the issue. An industrial court has declared the strike illegal, and MSRTC is considering long-term staff appointments to ensure service continuity.
