Latest Stock Market News

The cryptocurrency rose by up to 1.2% on Friday, trading at $65,334 as of 1:12 p.m. in Singapore. It has gained 56% in 2024, boosted by inflows into US Bitcoin exchange-traded funds, though it remains below the record high of $73,798 set in March.

The government has reduced its gold bond issuance target for this fiscal year by 38% from the interim budget level to Rs 18,500 crore, according to an ET report on July 26. The redemption of previously issued bonds is estimated at Rs 3,500 crore for this fiscal year.

The offer proceeds are intended primarily for the acquisition of the Prestige Tech Platina asset by the Platina SPVs, with the remaining funds allocated for general corporate purposes.

A 52-week high is notable as it represents the highest price a stock has reached in the past 12 months, offering valuable insights for traders and investors.

Long unwinding involves selling stocks or positions held for a long period, either to secure profits or to exit in anticipation of an upcoming bearish market.

LIC has lowered its stake in Mahanagar Gas from 9.03% to 6.94% through open market transactions. LIC sold shares at Rs 1,521.31 each, totaling approximately Rs 314 crore.

The QIP issue opened on September 23, 2024, and closed on September 26, with Morgan Stanley and Goldman Sachs among the buyers.

The Dow Jones Industrial Average opened up 52.8 points, or 0.13%, at 42,227.95. The S&P 500 gained 10.0 points, or 0.17%, to 5,755.36 at the open, while the Nasdaq Composite rose 38.5 points, or 0.21%, to 18,228.78 at the start of trading.

BSE has updated transaction charges for Sensex and Bankex options contracts in the equity derivatives segment to Rs 3,250 per crore of premium turnover value, effective October 1, 2024. Other contracts remain unchanged. NSE also announced new transaction fees for various segments including cash market, equity futures, and currency options.

Sector-wise, buying was observed in healthcare, metal, energy, and oil & gas stocks, while selling pressure was noted in FMCG, power, telecom, banking, and realty stocks.