Latest Stock Market News

Stocks in news: Domestic markets ended slightly higher on Thursday in a lackluster session. Ambuja Cements, Nykaa, Adani Power, Bharti Airtel, Wipro, along with other notable companies will be in focus due to significant news, including stake sales, GST orders, acquisitions, partnerships, and bonus issues.

Union Home Minister Amit Shah received a Rs 19.08 crore dividend cheque from Repco Bank, which reported an impressive 11% growth for FY 2023-24. Shah praised the bank’s achievements and commitment.

At the same time, the Singapore government bought a total of 16,59,784 shares, or 0.64 per cent stake, in the state-owned Punjab National Bank arm at an average price of Rs 866.05 apiece on the BSE.

Short covering signals a shift from extreme bearishness to bullishness.

Indian equity markets rose on Thursday, buoyed by US Fed minutes suggesting a possible rate cut next month. The S&P BSE Sensex gained 0.18% to 81,053, and the NSE Nifty50 closed above 24,800, with positive short-term momentum.

Gold traded flat at Rs 74,150 per 10 grams for the second day in a row in the national capital on Thursday, according to the All India Sarafa Association. However, silver prices firmed up Rs 200 to Rs 87,200 per kg against Rs 87,000 per kg in the previous close on Wednesday.

The Dow Jones Industrial Average rose 41.7 points, or 0.10%, at the open to 40,932.23.

The stock of mid-sized construction company HG Infra Engineering has gained close to 9% since the company announced its June 2024 quarter financial results on August 5 compared with 1.2% gain in the ET Construction Index.

Warburg Pincus exited Kalyan Jewellers on Thursday, selling a 2.36% stake to promoter T S Kalyanaraman and 6.81% via a block deal. Warburg Pincus had reduced its holding from 30% since 2014 as part of a strategic divestment.