Latest Stock Market News

Dow falls 86.80 points, S&P 500 opens lower by 15.54 points and Nasdaq Composite drops 89.73 points

Norwegian Government Pension Fund Global has increased its stake in Bajaj Electricals by 1.73% on 11 August via open market transactions, bringing its total shareholding in the electrical appliances company up to 3.03%. Meanwhile, California-based venture capitalist firm Small Cap World Fund has reduced its stake to 3.36%, down from 5.3%. Bajaj’s shares rose 3.23% to INR1,077 ($16.80) on the news.

Goldman booked a $470 million loss on the sale as the bank rejigs its strategy after a foray into consumer banking, which Chief Executive David Solomon had championed for years, flopped.It is also exploring strategic options for its consumer platform business, which has lost about $3 billion in three years, executives told investors in February

The Nifty Realty index was trading 0.14 per cent up at 434.45.

Global Capital Markets is traditionally engaged in the business of investment in shares and securities and providing finance on a short term and long-term basis. The company has over 40 years experience in the field of financial consultancy, corporate taxation, and investment banking

Indian shares extended losses for the third session in a row on Wednesday, dragged by IT stocks and the lack of any fresh triggers to offset the downbeat sentiment after a lacklustre start to the earnings season.

Nifty stayed choppy and volatile, with the support of the previous upside broken trend line resistance at 17,600 levels. The high-low range was narrower in the last three sessions, and traders may want to take a contrarian view at the extremes of the range. If Nifty falls below the 200-DMA level of 17,587, it may fall down to 17,400

For more such web stories click on the ET icon below

During FY23, the Indian rupee depreciated against all major currencies except the yen, with losses of about 8.42% against the dollar, 2.14% against the pound, and 6.21% against the euro. However, the INR remains fairly stable against emerging markets and Asian currencies. Bhasnsali believes that the current USD-INR level is ideal for exporters and importers, with limited upside at 83 and a range-bound currency attracting foreign investment in the short to medium-term.

Investor Madhuri Madhusudan Kela bought a 1.04% stake or 500,000 equity shares in Mumbai-based pharmaceutical company Kopran, worth Rs 7.5 crore, according to BSE data. Kela holds four publicly traded stocks worth over Rs 56.4 crore as of March. Other companies she invests in include Bombay Dyeing & Manufacturing Company, Sangam (India), and IRIS Business Services. Kopran has a m-cap of Rs 1,076.39 crore on the BSE, with a 52-week high of Rs 422 and a low of Rs 185.