Latest Stock Market News

"Shark Tank transformed Insurance Samadhan, resulting in an impressive 6X growth post-show. Prioritizing controllable factors and maintaining good intentions guided our success."

Blackstone was up 4.1%, while Airbnb jumped 5% after S&P Dow Jones Indices said the companies would replace Lincoln National Corp and Newell Brands Inc before the start of trading on Sept. 18.

August also marked a sixth straight month of inflows into Indian stocks. With this year’s inflows, foreigners are now just $137 million shy of reversing their record $17 billion exodus from the nation’s equities in 2022.

During the week, over 100 smallcap stocks delivered double-digit weekly returns with 15 of them offering over 25% gains. RailTel was the top gainer in the smallcap pack with 46% return, followed by India Pesticides (41.9%), Optiemus Infracom (36.3%) and HLV (33.7%).

The OCCRP had said documents obtained by it revealed details of a complex offshore operation in two Mauritius-based funds managed by the partners of the promoter family to support prices of shares of group companies from 2013 to 2018.

The appetite for oil in the United States has been robust, with commercial crude inventories declining in five of the most recent six weeks, according to surveys conducted by the U.S. Energy Information Administration.

The report spurs expectations that the Federal Reserve could pause its interest rate hikes. Dow Jones rises 154.33 points at the open to 34,876.24

​Defence stocks have been in the spotlight in FY24 as the top performers from the pack have surged as much as 179% so far.​

The domestic benchmark bond yield hit a near four-month high of 7.26% in August, tracking a rise in U.S. Treasuries, but eased as the month progressed.

Meanwhile, Mauritius-based Cloverdell Investment has sold 4.2% stake in the company. As of the June quarter, Cloverdell held about 7.12% stake in IDFC First Bank.