Latest Stock Market News

TPG Asia VII SF Pte Ltd, a US-based private equity firm that holds a 20.99% stake in RR Kabel, will be selling some of its stake in the company through the IPO.

The IPO, which is priced in the range of Rs 418-441, comprises fresh equity issue of Rs 75 crore and an offer for sale (OFS) of 94.28 lakh shares

The lower tops and bottoms continued on the daily chart and the present up move of the last two sessions is expected to form a new lower top of the sequence, said Nagaraj Shetti, Technical Research Analyst, HDFC Securities.

The stock market showcased significant movements as several stocks rose above their 100-day Simple Moving Average (SMA) on August 28, a pivotal technical indicator.

Gold advanced on Tuesday, with spot gold prices in the Delhi markets trading at Rs 59,800/10 grams, up by Rs 250, following positive cues from overseas markets, Saumil Gandhi, senior analyst - commodities at HDFC Securities, said.

Credit Saison India has a well-diversified portfolio with an AUM of Rs 7,200 crore in the consumer and SME segment. As of June 30, 2023, CS India had 32 branches in Tier-1 and Tier-2 cities

"The market cannot sustain continuous upward movement as valuations become unaffordable and fresh money struggles to find comfort. The market always reaches a milestone and then provides opportunities for investors. In such slow markets, short-term traders can find opportunities through technical chart patterns, while medium-term investors can benefit from quarterly results and macroeconomic developments. "

The Nifty Bank index closed 0.0 per cent at 44495.25.

In case of delisting pursuant to a resolution plan as per the provisions of the Insolvency Code, the details of delisting of non-convertible debt securities will be disclosed to the stock exchanges within one working day of the approval of the resolution plan under the Insolvency Code

As per the latest corporate shareholdings filed, the President of India publicly holds 78 stocks with a net worth of over Rs 2,520,595 crore.