Latest Stock Market News

Nirala World has sold 400 studio apartments in Greater Noida for Rs 275 crore, driven by strong demand from both end-users and investors. The studio apartments, located in the Nirala Gateway project, range from 612 to 1,122 sq ft, with prices starting at Rs 65 lakh.

Gold prices surged to a record high of $3,501.59 an ounce in Asian trading, driven by expectations of Federal Reserve rate cuts and anxieties surrounding the central bank s future. The precious metal s rally is further fueled by its safe-haven appeal amidst political and economic uncertainties, including the global trade war initiated by former US President Donald Trump.

The U.S. dollar saw a slight recovery in Asian markets after a period of decline. Investors are watching U.S. economic data closely. This is to understand the impact of President Trump s policies. Gold prices are near record highs as investors seek safe havens. The euro experienced a slight dip. The Australian dollar paused after gains.

Oil prices experienced an increase due to growing concerns about potential supply disruptions stemming from the escalating conflict between Russia and Ukraine. Ukrainian drone attacks have significantly impacted Russia s oil processing capacity, leading to heightened anxieties. Geopolitical tensions are further amplified by China s pursuit of a new global order, challenging the U.S.

Gold prices surged to a four-month peak, nearing April s record high, fueled by a weaker dollar and growing anticipation of a U.S. interest rate cut this month. The expectation of a rate cut is driven by traders pricing in a high probability of a 25-basis-points reduction by the Federal Reserve. Investors are now awaiting U.S.

Kolkata s NIS Management, a security and facility management firm, is set to debut on the BSE SME platform. The IPO, priced at ₹105-111, saw moderate subscription, led by non-institutional investors. The company plans to use the ₹60.01 crore raised for working capital and general purposes. Despite full subscription, grey market activity is nil, suggesting a debut around the issue price.

Optivalue Tek Consulting will launch its IPO on Tuesday. The IPO aims to raise Rs 51.82 crore. The price band is set at Rs 80-84 per share. Investors can subscribe for a minimum of 3,200 shares. The company plans to use the funds for product development and expansion.

The 200-day daily moving average (DMA) is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.

Investors eyeing dividend payouts should note today is the last day to buy shares of Patanjali Foods and Prestige Estates Projects to qualify for final dividends. Patanjali Foods announced a 100% dividend (Rs 2/share), while Prestige Estates declared 18% (Rs 1.8/share). Other companies with September 3rd as the record date include Concord Biotech (1070%), V.S.T.

We have collated a list of recommendations from top brokerage firms from ETNow and other sources.