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In a rapidly evolving financial landscape, technology has become a key driver of change in the way people trade and invest in India.

On Wednesday, domestic benchmark indices closed higher amid volatility, driven by Consumer Durables. The BSE Sensex gained 102 points to 80,905, and the NSE Nifty rose 71 points to 24,770.

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​I think real estate sector has also done well and we are seeing more and more green shoots there as well. So, building material is one space, industrial is another space, construction is another space where we are seeing some of the opportunities.

Stock market update: Nifty Bank index falls 0.23%

Updated at : 2024-08-21 17:25:01

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The Nifty Bank index closed 0.23 per cent down at 50685.55.

Trikkur Sitarama Iyer Kalyanaraman, the promoter of Kalyan Jewellers India, will acquire 2.36% equity shares for Rs 1,300 crore from Highdell Investment. The deal involves over 2.43 crore shares at Rs 535 each.

Interarch Building Products IPO: The non-institutional investor category has been subscribed nearly 90 times so far, while the retail investor segment saw 14.27 times subscription. Meanwhile, the portion reserved for Qualified Institutional Buyers (QIBs) has been subscribed 12.74 times.

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Rupesh D Sankhe from Elara Capital favored CESC and NTPC as top picks in the power utility sector. CESC, with significant renewable energy plans, is trading at a 60% discount. NTPC’s potential future value lies in its renewable IPO and thermal projects. Hydro companies NHPC and SJVN also have strong project pipelines offering substantial growth prospects.

The currency had touched a two-week high of 83.7550 in the previous session, but pulled back as importers bought dollars, traders said.

Nykaa shares skyrocket 19%, hits new all-time high

Updated at : 2024-08-21 16:25:01

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Shares of FSN E-Commerce Ventures, the parent company of beauty and fashion e-commerce platform Nykaa, surged 19% to its new all-time high of Rs 228.50 on BSE, marking a notable rebound after a two-day losing streak.

The domestic equity markets concluded a volatile trading session on Wednesday with gains. The BSE Sensex closed up by 102 points at 80,905, and the NSE Nifty advanced 71 points to 24,770. Consumer Durables stocks led the surge while financials and banks dipped slightly.

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