Latest Stock Market News

​​As of June 30, Tencent Cloud Europe B.V. held a 4.26% stake in the company. Axis Mutual Fund, Mirae Asset MF, Marshall Wace Investment Strategies Eureka Fund, SBI MF and Goldman Sachs (Singapore) PTE-ODI were among some of the buyers.

Value fashion retailer Baazar Style Retail Ltd has raised Rs 250 crore from anchor investors ahead of its IPO opening for public subscription. The Rs 835-crore IPO, with a price band of Rs 370-389 per share, opens on August 30 and closes on September 3. Funds will be used for debt repayment and corporate purposes.

The stock had fallen more than 5% before the bell after Nvidia on Wednesday forecast third-quarter gross margins that could miss market estimates and revenue that was largely in line.

State-owned NHPC has received shareholders nod to raise its borrowing limit to Rs 50,000 crore in its annual general meeting held on Wednesday.

The government has received about Rs 5,091 crore from Indian Oil Corp as dividend, the Department of Investment and Public Asset Management (DIPAM) said on Thursday.

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.