Latest Stock Market News

The Indian rupee declined to a record low at 83.7250 against the USD, pressured by dollar demand from oil companies, custodial banks, and weak risk sentiment.

In the Union Budget announced on July 23, Finance Minister Sitharaman raised both short-term and long-term capital gains tax rates, to 20% and 12.5%, respectively. Prior to this, analyst Wood had cautioned that a substantial increase in capital gains tax could trigger a market downturn exceeding the correction seen after the June 4th Lok Sabha elections.

Investors can check the status of VVIP Infratech IPO allotment by logging in to the official website of the registrar, which is Maashitla Securities in this case.

See, again, I think investing is all about the medium to long term. If you are invested in stretched stocks or stressed segments where a lot of value has already been captured, it is probably time to get out and move to stocks or sectors offering value or interesting risk rewards.

Paytm FDI Proposal Approved: Shares of fintech major Paytm surged up to 10% intraday on Friday following government approval of its foreign direct investment (FDI) proposal for the payment aggregator business. The financial services secretary announced that Paytm can now approach the Reserve Bank to seek the payment aggregator license, which will undergo further evaluation.

Hyderabad-based Standard Glass Lining Technology Limited filed a Draft Red Herring Prospectus with SEBI to raise Rs 600 crore via IPO. The offering includes a fresh issue of Rs 250 crore and an offer for sale of Rs 350 crore, intending to fund capital expenditure, repay loans, and support corporate purposes. Shares will be listed on BSE and NSE.

The Relative Strength Index of the stock stood at 58.34 on Friday.

Decreased trading volumes and liquidity can heighten market volatility. With fewer participants, bid-ask spreads may widen, leading to less efficient price discovery. Consequently, this could cause more significant price fluctuations in the F&O markets, potentially raising the risk for all market participants.

The stock quoted a 52-week high price of Rs 451.05 and low of Rs 262.1.