Latest Stock Market News

On August 28, five stocks from the Nifty200 pack appeared in the RSI Trending Up scan, according to the stockedge.com data.

Ujjivan Small Finance Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest and Interest On Balances with RBI and Other Inter-Bank Funds for the year ending 31-Mar-2024.

Spandana Sphoorty Financial Ltd., incorporated in the year 2003, is a Mid Cap company (having a market cap of Rs 4444.45 Crore) operating in NBFC sector.<

The Indian stock market is expected to consolidate on Thursday amid mixed global cues. Analysts suggest a broader trading range between 24,700 and 25,500 zones. Key stock recommendations include Granules India, Voltas, and Eicher Motors, among others. Traders are advised to look out for specific buy targets and stop losses.

Gold October futures opened slightly up, while silver September futures gained 0.6% at MCX. Prices are influenced by dollar index movements and anticipated U.S. core PCE price index data, with caution advised ahead of the U.S. preliminary GDP data.

A total of 15,723 shares changed hands on the counter till 10:00AM (IST)

Shares of Resourceful Automobile listed flat on the BSE SME platform at Rs 117, despite strong subscription and a GMP of 89% above the offer price. The company, which operates two Yamaha showrooms, plans to use the IPO proceeds for expansion, debt repayment, and general corporate purposes.

The Relative Strength Index of the stock stood at 63.09 on Thursday.

The stock quoted a 52-week high price of Rs 653.9 and low of Rs 230.6.

With inflation lowering and unemployment rising more than anticipated, Federal Reserve Bank of Atlanta President Raphael Bostic indicated it might be time for rate cuts. However, he emphasized the need for confirmation from upcoming jobs and inflation reports due before their September meeting to avoid the need to reverse decisions.