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Gold prices plunged Rs 400 to Rs 72,750 per 10 grams in the national capital on Friday, according to the All India Sarafa Association. The precious metal had closed at Rs 73,150 per 10 grams in the previous session.

Cryptocurrency prices showed mixed trends today, with Bitcoin, Ethereum, BNB, Solana, and XRP trading slightly higher, while Toncoin, Dogecoin, Avalanche, Shiba Inu, and Polkadot traded marginally lower.

INDIA-MARKETS/INDIA RUPEE-Rupee holds above record low to end flat on day and week

Following positive global cues, Nifty and Sensex ended up nearly 1.7% higher, with the Nifty 50 rising 397.40 points to 24,541, and the Sensex gaining 1,331 points to close at 80,436.

The Nifty Bank index closed 1.59 per cent up at 50516.9.

Foreign investors have shifted their stance on Indian shares, driven by volatility, lackluster earnings, and a surprise tax hike on equities. They became net sellers, offloading nearly $2 billion worth of stocks in August, after a period of buying in June and July. The NSE Nifty 50 Index still trades at high valuations despite recent dips.

The company aims to raise Rs 215 crore through the IPO, which includes a fresh equity sale of Rs 120 crore and an offer for sale (OFS) of 46 lakh shares. Under the OFS, promoters Ajay Baliram Sawant, Umesh Navnital Shah, Ujwal Arvind Mhatre and Jayes Manharlal will be offloading their part stakes.

Indian benchmark equity indices climbed, led by gains in IT stocks, as robust U.S. economic data alleviated recession fears. Five large and midcap stocks from the Nifty200 index hit new 52-week highs.

Mazagon Dock Shipbuilders has reported a 121% YoY jump in its profit after tax (PAT) to Rs 696 crore while HAL reported a 77% increase in its net profit on a YoY basis. GRSE’s net profit jumped 14% YoY to Rs 87.2 crore for the June quarter.

In a recent ETMarkets live stream, crypto trader Saketh discussed strategies for managing crypto market volatility. Key points included diversification, using stop-loss orders, and leveraging technical analysis. Emphasizing a long-term investment perspective, the session aimed to educate viewers on navigating the risks associated with the unpredictable crypto market.