Week Financial News

(Reuters) -Microsoft is aiming to close its $69 billion deal for «Call of Duty» publisher Activision Blizzard (NASDAQ:ATVI) on Oct. 13 if it gets approval from Britain's antitrust regulator, the Verge reported on Friday, citing a source.

US Fed, JP Morgan, Rupee ; Top Market Highlights O...

Domestic benchmark index NSE Nifty ended 107.75 points up at 19653.5, while the BSE Sensex closed 364.06 points up at 65995.63. On the other hand, Godrej Ind., Mindteck India, PNB Gilts, Rajshree Polypack and Pioneer Embroid stocks hit their fresh 52-week highs today.

Jonjua Overseas, Advance Lifestyles and RMC Switchgear — will trade ex-bonus next week. These three stocks have delivered multibagger returns to investors so far this year. Jonjua Overseas had earlier announced a bonus issue in the proportion of 9:50, which means for every 50 shares investors hold, they will be credited 9 additional shares. The Board of the company has fixed October 10 as the record date for the proposed bonus issue and the stock will go ex-bonus on the same date. A company issues bonus shares for their shareholders in order to increase the liquidity of the stock as well as with the aim to decrease its stock price to make it affordable for investors. Bonus shares are fully paid additional shares issued by a company to its existing shareholders.

Nifty on Friday ended 108 points higher to form a bullish Doji candle on the daily chart while on the weekly scale a Dragonfly Doji pattern was noticed. The short-term trend of Nifty has turned positive. The overall positive chart pattern indicates next overhead resistance for the Nifty around 19,800 levels for the coming week.

Microsoft is aiming to close its $69 billion deal for "Call of Duty" publisher Activision Blizzard on Oct. 13 if it gets approval from Britain's antitrust regulator, the Verge reported on Friday, citing a source. The Xbox maker had in July extended the cutoff date for the deal to Oct. 18 to get more time to secure approval from the UK.

(Reuters) — The Russian rouble weakened on Friday, dropping to a more than seven-week low past 101 against the dollar, under pressure from lower oil prices and the reduced supply of foreign currency from exporters at the start of the month.

Apollo Hospitals Enterprises Ltd, part of the hospital sector, breaks out from a 72-week consolidation range and a downward-sloping trendline on the weekly charts has opened room for the stock to head towards a fresh 52-week high. The stock hit a 52-week high of Rs 5362 on 28 July 2023, but it failed to hold the momentum. The stock finally found support above the 50-week moving average (above Rs 4700) on the weekly charts before bouncing back. The momentum helped the stock to break above 5000 levels on the weekly charts which has acted as a stiff resistance for the stock in the past 72 weeks (since Feb-2022).

Investing.com — Crude prices edged higher on Friday amid deep weekly losses left by one of the oil market’s worst tumbles for the year.

Also read: Sourabh Chandrakar's rise from juice vendor to lavish ₹200 crore wedding As per the ANI news agency, Ranbir Kapoor had allegedly carried out promotional activities for the Mahadev betting app. In this case, ED also suspects several other A-lister celebrities and certain sports personalities who promoted the app.

Chicago Bears, Washington Commanders, Jacksonville Jaguars, Buffalo Bills, Cincinnati Bengals and others. The NFL matches will be live telecast on Prime Video, FOX, CBS, NBC, and ESPN in the US.

Samia Suluhu Hassan is planning a trip to India early next week as India and Tanzania aim to upgrade ties to strategic partnership. Defence ties with Tanzania have received a major boost in the last few years as the South East African state has shown keenness to purchase Indian military equipment and expand maritime security partnership, officials told ET. The Indian Army chief visited Tanzania this week. In recent years, India and Tanzania have been cooperating in the field of defence training in Indian institutions.

Larsen & Toubro (L&T) share price rose 3% to hit a fresh 52-week high Thursday after the construction major said its buildings & factories business bagged orders in the large category which are in the range of ₹2,500-5,000 crore. L&T shares gained as much as 2.90% to ₹a high of ₹3,114.00 apiece on the BSE. The business has secured an order to construct a residential township in Bengaluru involving the construction of 3,627 apartments spread across 19 Towers.

Domestic benchmark index NSE Nifty gained 138.05 points to 19574.15, while the BSE Sensex traded 513.45 points up at 65739.49. On the other hand, SoftTech Engineers, Murudeshwar Cera, Goodluck India, Utkarsh Small Financ and RKEC Projects stocks hit their fresh 52-week highs today.

Benchmark NSE Nifty index rose 98.05 points to 19534.15 amid buying in frontline bluechip stocks. However, stocks such as Navin Fluorine, Shree Ram Proteins, Winsome Yarns, McNally Bharat and The Grob Tea Company, touched their fresh 52-week low.

Investing.com — US stockpiles of gasoline jumped almost 6.5 million barrels last week, the biggest build in nearly two years, a government report showed on Wednesday, as refiners optimized processing of oil to capitalize on still-good profit margins despite waning seasonal demand for fuels. 

Boardroom Session

Suzlon share price jumped nearly 5% to touch a 52-week high on Wednesday's trade after the news of Suzlon Energy's promoter released a pledge on 97.10 crore shares (7.13% equity) on September 28, according to CNBC-TV18. Suzlon share price today opened at ₹27.30 apiece on BSE.

Friend.tech users are warning of possible SIM-swap attacks after a recent spate of supposed hacks — resulting in nearly 109 Ether (ETH) worth around $178,000 drained from four users in under a week.

Chanel designer Virginie Viard unveiled a breezy, warm-weather collection in Paris on a drizzly Tuesday, showcasing a colourful lineup of asymmetric styles, paraded by models in flip-flops and thick-framed glasses. The audience, including actress Penelope Cruz, singer Usher and Blackpink singer Jennie Kim, sat in box-like rooms with large windows looking out on life-size photographs of the scrub-filled hills of the French Riviera. The models cut through the centre of the sprawling space of the Grand Palais Ephemere exhibit hall in central Paris, parading tweed skirt sets with uneven hems, patchwork ensembles and lightweight dresses that trailed down in the back. Adding to the collection's nonchalant air, a swimsuit was worn with a cape, relaxed jeans were dressed up with a slender, rhinestone belt and a tweed jacket, and sleeves on dresses were sliced open to cover shoulders in a cape-like fashion. The show took place on the last day of Paris Fashion Week, which has drawn crowds of industry press and celebrities to the French capital, topping off a season of runway presentations that also took place in New York, London and Milan.

In the brutally bearish crypto market currently, three cryptocurrencies have emerged as the top altcoins. Curve DAO (CRV) has ridden the bullish wave after the founder settled the debt. Chainlink (LINK), on the other hand, has attained new standards in inter-chain operability. Yet, the biggest gainer has been VC Spectra (SPCT) with its massive profits and real-world utility.