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Gold prices saw the sharpest gain in the past one month and rallied by Rs 1,400 to touch Rs 74,150 per 10 grams in the local market on Tuesday, amid strong global cues.

The Relative Strength Index of the stock stood at 58.87 on Tuesday.

On Tuesday, domestic blue-chip indices rose for the fourth straight session, driven by financial and IT stocks, with the Sensex up 0.47% and the Nifty 0.51%.

Dollar sales from at least two large U.S.-based banks, likely on behalf of custodial clients, helped the currency gain, a foreign exchange trader at a mid-sized foreign bank said.

The domestic blue-chip indices closed higher on Tuesday, thanks to gains in financials and information technology stocks. The Sensex rose 378 points to 80,803, and the Nifty added 126 points to finish at 24,699. However, newly listed Ola Electric Mobility ended 5.7% lower due to profit booking. Investor focus now shifts to upcoming Fed announcements.

Indian Real Estate Investment Trusts (REITs) distributed more than Rs 1,371 crore among 2,45,000 unit holders in the first quarter of FY2025. Embassy Office Parks REIT was the largest distributor with Rs 530.8 crore. Collectively, since their inception five years ago, the four publicly listed REITs have disbursed over Rs 18,000 crore to unit holders.

To boost fundraising through rights issues, Sebi has proposed removing the need for Draft Letter of Offer (DLoF) and simplifying the Letter of Offer (LoF). Feedback was sought on reducing timelines and revising intermediary roles. Major funds were raised via Qualified Institutional Placements and preferential allotments in FY24, indicating a shift in capital-raising methods.

The BEACON Fund is designed to offer investors a well-rounded portfolio, providing exposure to companies across the entire market spectrum - from established large-cap leaders to dynamic mid-cap and small-cap growth opportunities. This diversified strategy aims to capitalize on the diverse potential of the market.

FPIs have turned to the primary market, investing $6.4 billion in Indian equities via IPOs and QIBs up to August 19, 2024, amid high secondary market valuations. They have been net buyers in the primary market for 11 consecutive months but net sellers in the secondary market during seven of the past twelve months.

Indian REITs Association (IRA) data showed that in the latest June quarter, these four REITs have together distributed more than Rs 1,371 crore to over 2,45,000 unit holders.