Latest Stock Market News

Long unwinding is when investors sell their long-held stocks, either to secure profits or to avoid potential losses due to an expected market downturn.

Wall Street opened slightly higher on Friday as investors reevaluated the possibility of a bigger interest rate cut by the Federal Reserve next week.

SEBI has introduced a centralized fee collection mechanism (CeFCoM) for investment advisors and research analysts. Investors can now pay fees through a designated platform. The mechanism, administered by BSE, will be operational from October 1, 2024.

Gold prices bounced by Rs 1,200 to hit nearly a two-month high level of Rs 75,550 per 10 grams in the national capital on Friday, tracking a buying rush in domestic markets by jewellers amid a firm global trends. The precious metal had closed at Rs 74,350 per 10 grams on Thursday.

The Nifty Realty index was trading 1.34 per cent up at 1049.6.

Following a strong rally to all-time highs in the previous session, Indian benchmark equity indices dipped slightly on Friday, with energy stocks pulling them down. Despite this, seven Nifty50 stocks achieved new 52-week highs today.

Gold has become precious ahead of Onam, a festival celebrated in Kerala which falls on September 15. As the European Central Bank (ECB) cut the rate by a 25 basis point yesterday, gold and silver prices are showing an upward trajectory.

The Indian rupee strengthened on Friday as Asian currencies benefited from the weakness in the U.S. dollar as the odds of a outsized Federal Reserve rate cut next week rose after media reports said the decision is likely to be a close call.

Three new IPOs, Bajaj Housing Finance, Kross Ltd, and Tolins Tyres, are set to debut on Monday. Bajaj Housing Finance is expected to be the star performer, with a grey market premium of 113%. All three issues are anticipated to generate positive returns for investors, but grey market premiums can be volatile and should be considered cautiously.