Week Financial News

Aditya L1 onboard PSLV C57 commenced on Friday, ISRO said. The Sun Observatory mission will be fired from the second launch pad from Shriharikota at 11:50 am today. Aditya L1 is designed to provide remote observations of the Solar corona and conduct in-situ observations of the Solar wind at L1 (Sun-Earth Lagrangian point), which is about 1.5 million kilometers from the Earth.

Buy or sell stock: Following strong global cues, Indian stock market reversed the trend on Friday and ended higher. All key benchmark indices logged handsome gains but broad market indices failed to outperform key benchmark indices. NSE Nifty gained 181 points and closed at 19,435 levels, BSE Sensex surged 555 points and ended at 65,387 mark while Bank Nifty index went up 446 points and finished at 44,436 levels.

block deals worth Rs 21,821 crore that were executed in more than three dozen companies from the large, mid and smallcap segments. In the largecap space, 15 companies witnessed significant block deals worth Rs 7,711 crore, led by Jio Financial Services with 49 block counts, totalling Rs 2,505 crore. The next in line were Bharti Airtel (Rs 1,879 crore), Zomato (Rs 871 crore), HDFC Bank (Rs 784 crore) and Reliance Industries (Rs 257 crore).

consumer stress are prompting some fund managers to grow more conservative in their outlooks, even as the broad stock market continues to rally. While unemployment remains near historic lows, the Federal Reserve's inflation-fighting interest rate hikes are starting to weigh on households. Consumer confidence fell more than expected in August, while delinquency rates among credit cards issued by smaller banks are the highest on record, according to data from the Apollo Group. Department store Nordstrom said last week that delinquencies on its store cards are now higher than pre-pandemic levels. Rival Macy's said it expects late payments to reduce credit-card revenues by 41% from the previous quarter. Payments on approximately $1.1 trillion of federal student loans will resume in October, potentially setting consumers up for a «payment shock» of $500 or more each month, according to a study by TransUnion. «The U.S.

Gold rate today: On account of weak US economic indicators creating rate pause buzz by the US Fed in upcoming September meeting, gold prices witnessed sharp upside move in the later part of the week gone by. Gold future contract for the month of October 2023 on Multi Commodity Exchange (MCX) ended at 59,410 per 10 gm levels.

Invesitng.com — Bank deposits and lending activity rose in the week ended Aug. 23, the latest data Friday from the Fed showed.

Investing.com — The Dow on Friday notched its best week since July, as a monthly jobs report showing cooling wage growth in July, underpinned optimism that slowing inflation will likely persist and encourage the Federal Reserve keep rates steady next month.

Investing.com — As OPEC, you just have to say it, and worry about doing it later, or not doing it at all. But the market will respond, as you want it to, and that’s all that matters.

Norfolk Southern believes a software defect — not a hacker — was the cause of the widespread computer outage that forced the railroad to park all of its trains for most of Monday

Bitcoin (BTC) fell further after the Sept. 1 Wall Street open as monthly close losses continued to play out.

₹7,046 per bbl, having swung between ₹6,910 and ₹7054 per bbl during the session so far, against a previous close of ₹6,871 per barrel.

bond yields ended marginally higher on Friday as debt auction added to overall supply, while market participants shrugged off domestic growth numbers, which came largely in line with expectations. The benchmark 7.26% 2033 bond yield ended at 7.1671%, after closing the previous session at 7.1655%. The yield, however, ended the week 3 basis points lower. New Delhi raised 390 billion rupees ($4.72 billion) through the sale of bonds, at cutoffs that nearly met estimates. However, some mutual funds were selling longer-duration papers after the auction results, traders said. «The 10-year bond yield should peak in September as demand-supply dynamics are expected to improve from October.

Investing.com — The U.S. dollar edged lower in early European trade Friday, on course to end a six-week winning streak ahead of the release of the highly-anticipated monthly U.S. jobs report. 

Domestic benchmark index NSE Nifty ended 181.5 points up at 19435.3, while the BSE Sensex closed 555.75 points up at 65387.16. On the other hand, Integrated Personnel, Pokarna Ltd, Rossell India, Railtel Corp and HLV Ltd. stocks hit their fresh 52-week highs today. In the Nifty 50 index, NTPC, ONGC, JSW Steel, Tata Steel and Maruti Suzuki were among the top gainers on the NSE in the today's trade. Meanwhile, Cipla, HDFC Life, Dr.

Benchmark NSE Nifty closed 181.5 points up at 19435.3 amid buying in frontline bluechip counters. However, stocks such as GNA Axles, Penta Gold, Sanco Industries, FutureLifestyleFash and Orient Bell, touched their fresh 52-week lows. Overall, 41 shares ended in the green in Nifty50 index, while 9 closed in the red. In the Nifty 50 index, NTPC, ONGC, JSW Steel, Tata Steel and Maruti Suzuki were among top gainers during the day, while Cipla, HDFC Life, Dr. Reddys, UltraTech Cem.

₹10.40 on Friday's sessions. Vodafone shares have closed in the green for the past seven of the last nine trading sessions. Vodafone share price today opened at ₹9.13 on BSE today.

Nifty50 stocks achieved new 52-week highs. This remarkable feat underscores the strength and growth potential of these companies within India's benchmark stock index. The data was sourced from StockEdge at 2:05 p.m., and the updates from the real-time data could come with a lag. The below data also pertains only to the time at which it was taken. 1. NTPC NTPC achieved a significant milestone by hitting a new 52-week high of Rs 230.75 on September 1.

Bollywood heartthrob Ayushmann Khurrana-starrer 'Dream Girl 2' stood on its own at the box-office despite the roaring success of movies like 'Jailer' and 'Gadar 2'. On completion of its one-week-long run at the box-office, the comedy-drama minted Rs 67 crore (nett) since its release on August 25. 'Dream Girl 2' made Rs 10.69 crore on its opening day. During its first weekend, it added Rs 14.02 crore on Day 2 (Saturday) and Rs 16 crore on Day 3 (Sunday) — taking its opening weekend total to 40.71 crore. The movie is the sequel to 'Dream Girl' which was released in 2019.

OTT platforms this week. Let's dive into what's new as we check OTT releases this week for movies and web series. This is a Netflix interactive movie starring Laura Marano, Avan Jogia and Scott Michael Foster.

Oil prices were set to snap a two-week losing streak as they rose for a fourth consecutive session on Friday due to tightening supplies and expectations of the OPEC+ group of oil producers extending output cuts to the end of the year. Major benchmarks rose slightly in early Asian trade, with the U.S. West Texas Intermediate crude (WTI) up 7 cents, or 0.1%, at $83.70 a barrel, while Brent crude was also up 7 cents at $86.90/bbl as of 0107 GMT. Analysts expect Saudi Arabia to extend a voluntary oil production cut of 1 million barrels a day into October, adding to cuts by the Organization Petroleum Exporting Countries and allies, known as OPEC+. «We continue to expect cuts to be extended, with prices above US$90/bbl (on a sustained basis) required to draw OPEC supply back to market, as well as incentivize U.S.

The average long-term U.S. mortgage rate declined this week after climbing five consecutive weeks to a more than 20-year high, a modest relief for would-be homebuyers challenged by rising home prices and a thin inventory of homes on the market