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Markets regulator Sebi on Thursday proposed to make it mandatory for all entities regulated by it to maintain communication records, including acknowledgements, for at least eight years.

Gold prices gained on Thursday, fuelled by strong expectations of a Federal Reserve rate cut in September with investors focusing on U.S. inflation data for further insights on the potential size of the cut.

Sebi chief Madhabi Puri Buch described compliance as a background hum, aiming for it to be seamless so entities can focus on national growth and citizen services. In her Global Fintech Fest 2024 keynote, she emphasized the need for regulatory standards to foster innovation and reduce integration costs in fintech.

Life Insurance Corporation of India (LIC) has paid the Indian government a dividend of Rs 3,662.17 crore, its largest shareholder. This payment follows a final dividend declaration of Rs 6 per share for FY 2023-24, totaling Rs 6,103.62 crore for the year.

Sensex jumped 349 points to 82,135 on Thursday, with seven BSE FMCG index stocks hitting their highest prices in the past year. This 52-week high indicates peak value over the last 12 months, offering key insights for traders and investors on stock performance and future trends.

The Reserve Bank of India (RBI) has laid the ground rules for selling sovereign green bonds to foreign investors through International Financial Services Centre, better known as Gift City

The Indian markets hit new record highs on Thursday, with the S&P BSE Sensex up over 300 points and the Nifty50 surpassing 25,100. Notable buying occurred in auto, telecom, FMCG, energy, and oil & gas sectors, while utilities, power, and capital goods saw declines.

Over the last decade, five F&O stocks showed positive seasonality in September with average returns over 5%, including TVS Motor, Deepak Nitrite, Abbott India, Escorts Kubota, and Zee Entertainment. Conversely, ICICI Bank, APSEZ, SBI, Cummins India, and Dabur India had negative seasonality, with average losses of 2% or more.

Domestic equity benchmarks Sensex and Nifty hit record highs on Thursday, boosted by heavyweight conglomerate Reliance Industries, which plans to step up the adoption of AI and issue bonus shares.

Billionaires Gautam Adani and Mukesh Ambani, the top two wealthiest Indians on the 2024 Hurun India Rich List, added Rs 12.54 lakh crore, boosting their total wealth to Rs 35.57 lakh crore.