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Under the restructuring, the merger of GSPC with GGL will witness an issuance of 10 equity shares of GGL for every 305 shares of GSPC held by the shareholders while under the merger of GSPL with GGL, 10 shares of GGL will be issued against every 13 shares of GSPL held.

The stock quoted a 52-week high price of Rs 2198.95 and low of Rs 1266.0.

It occurs when the opening price is the lowest for a given period, and the closing price is the highest.

Nifty reaches a new high of 25,236, driven by sectors like Pharma, Tech, and Finance. Bank Nifty underperforms, showcasing a specific rally. Market breadth indicates stock-specific action, with resistance levels at 25,536 and 25,610. Experts suggest a cautious approach with a Bull call spread strategy.

Launched in mid-2021, DBF-I was our second Performing Credit strategy. It gathered INR 1,700 crore from insurance companies, family offices, corporate treasuries, and HNIs.

Septembers are generally prone to profit booking especially if the two preceding months have had a rise of at least 0.5% each. However, a dragonfly candle formed in monthly chart points to bulls having upper hand as we enter September, having rejected several bear attempts, and broken free of their stranglehold, as is. Momentum indicators point to strength in trend, and could potentially pave way for large gains.

Yes, in the short term, we may see some consolidation and correction in gold, but overall, our view remains bullish, and we believe the price of gold is likely to move higher towards $2,560/$2,595 levels from its current level, with strong support at $2,465/$2,433.

The dollar reached a two-week high against the euro on Monday as traders adjusted expectations for Federal Reserve policy. With inflation steady and unemployment data pending, the likelihood of a smaller rate cut increased. Analysts anticipate a crucial U.S. jobs report on Friday.

Deepak Fertilisers and other companies will be in focus today as they have fixed September 3 as the record date for dividend payments. Investors need to buy shares today to qualify for the dividends announced by these companies. Deepak Fertilisers declared a final dividend of Rs 8.5 per share for the financial year ending March 2024.