The rupee’s biggest rally in seven years on the back of the India-US trade deal gives RBI scope to rebuild forex reserves using US dollars.
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ICI
Markets-Economic Times
ICICI Prudential AMC shares: Prudential Corporation to divest up to 2% equity, stock up 49% from IPO price
ICICI Prudential AMC promoter Prudential Corporation Holdings plans to sell up to 2% stake through open-market transactions from August 27 to meet minimum public shareholding requirements. Promoter holding will fall to...
Aug 26
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MAR
Markets-Economic Times
Market wrap: Kotak Bank, Power Grid among top gainers and losers on Nifty and Sensex on Wednesday
Indian equities ended lower on Wednesday as sectoral divergence weighed on benchmarks. Nifty fell 0.52% and Sensex 0.24%, while broader markets were mixed. Banks and metals gained, but telecom, IT and infrastructure sto...
Aug 26
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SEN
Markets-Economic Times
Sensex falls 183 points, Nifty closes below 24,250 as market erases all morning gains. What lies ahead?
The Indian stock markets experienced a shift, dropping from earlier gains with both Sensex and Nifty closing lower. Key decliners included Infosys, Bharti Airtel, and L&T. Meanwhile, Kotak Mahindra Bank's shares surged...
Aug 26
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FOU
Markets-Economic Times
Four regional Fed banks backed rate hike ahead of July decision, minutes show
Four regional Federal Reserve banks backed a 25-basis-point increase in the discount rate ahead of the July policy meeting, minutes showed. The recommendations highlight divisions within the Fed system as policymakers w...
Aug 26
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OPT
Markets-Economic Times
Options turnover sinks at Dalal Street's top exchange preparing for IPO
India's stock exchange has seen options turnover plummet to its lowest in a year, a direct consequence of newly enforced trading regulations and the adoption of a closing auction system. Cash equities trading has also d...
Aug 26
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GLO
Markets-Economic Times
Global Market: China, Hong Kong stocks rise as AI rebound boosts investor sentiment
On Wednesday, stocks in China and Hong Kong surged, reflecting a favourable global market environment. Technology and artificial intelligence supply-chain companies attracted significant investor interest. Alibaba share...
Aug 26
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WEL
Markets-Economic Times
Welspun Corp shares drop 6% after CEO, promoter group likely sell stake worth Rs 1,433 crore via block deal
Welspun Corp shares fell sharply on Wednesday after 63 lakh shares worth Rs 1,433 crore changed hands in a block deal. Promoter group entity Welspun Investments and Commercials and CEO Vipul Mathur were likely sellers....
Aug 26
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CYI
Markets-Economic Times
Cyient shares rocket 8% after investor day, but brokerages see up to 24% downside. Here’s why
Cyient shares jumped 8% after the IT services company outlined its growth and margin roadmap at its investor day. Management is targeting double-digit revenue growth and EBIT margins above 15% in the near term, while br...
Aug 26
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PER
Markets-Economic Times
Pernia’s Pop-Up Studio parent Purple Style Labs sets IPO price band at Rs 546–575; subscription opens August 31
Purple Style Labs, the parent company of Pernia’s Pop-Up Studio, has set its IPO price band at Rs 546-575 per share. The Rs 680-crore issue will open on August 31 and close on September 2. The luxury fashion platform pl...
Aug 26
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USS
Markets-Economic Times
US Stock Market: Nvidia earnings to test AI boom as markets brace for sharp move
Nvidia options are pricing in a 5.4% post-earnings move, implying a potential $280 billion swing in market value after its Q2 results. The expected move is below the 6.5% forecast before May earnings and Nvidia’s 7.4% a...
Aug 26
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MTA
Markets-Economic Times
MTAR Tech shares rally 3%, extend gains for second session. What’s triggering the surge?
MTAR Technologies shares gained 3% after the company secured a Rs 127 crore order from Nuclear Power Corporation of India for coolant channel assemblies used in reactor refurbishment. The order takes its civil nuclear o...
Aug 26
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GLO
Markets-Economic Times
Global Market: Japan stocks rise ahead of Nvidia earnings, US inflation data
Japanese shares edged higher on Wednesday as investors awaited Nvidia’s quarterly earnings and key US inflation data for clues on the outlook for artificial intelligence spending and Federal Reserve policy. The Nikkei 2...
Aug 26
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