Week Financial News

Investing.com — The pace of annual inflation in the U.S. accelerated last month, but remained near recently lower levels, as Federal Reserve officials mull over potentially pulling back from their recent policy tightening campaign at their next meeting in September.

Benchmark NSE Nifty closed 93.65 points down at 19253.8 amid selling in frontline bluechip counters. However, stocks such as TCNS Clothing, Allcargo Terminals, Penta Gold, Vedanta and SS Infrastructure, touched their fresh 52-week lows. Overall, 13 shares ended in the green in Nifty50 index, while 37 closed in the red. In the Nifty 50 index, Maruti Suzuki, Cipla, HDFC Life, Titan Company and Hindalco were among top gainers during the day, while Adani Ent., Adani Ports SEZ, BPCL, Eicher Motors and Britannia ended in the red. The BSE Sensex closed 255.84 points down at 64831.41. Traders piled up positions in Telecommunications, Electric/Electronics, Engineering, Cables and Consumer Durables sectors, while selling was witnessed in Banks, Irrigation & Allied Services, Shipping, Building Materials and Term Lending Institutions sectors during the day.

Persistent Systems, Coforge, Maruti Suzuki, Bharat Forge, Bharat Heavy Electricals, The Indian Hotels Company, L&T Technology Services, TVS Motor Company, and Sun TV Network signifies the resilience and potential for growth within these companies. The data was sourced from StockEdge at 1:45 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. Persistent SystemsPersistent Systems achieved a new 52-week high of Rs 5349.8 on August 31.2. CoforgeCoforge reached a new 52-week high of Rs 5463.8.3. Maruti SuzukiMaruti Suzuki India achieved a new 52-week high of Rs 10049.4. Bharat ForgeBharat Forge reached a new 52-week high of Rs 1080.95.5. Bharat Heavy ElectricalsBharat Heavy Electricals reached a new 52-week high of Rs 121.5.6. The Indian Hotels CompanyThe Indian Hotels Company achieved a new 52-week high of Rs 425.5.7. L&T Technology ServicesL&T Technology Services reached a new 52-week high of Rs 4466.95.8. TVS Motor CompanyTVS Motor Company achieved a new 52-week high of Rs 1436.4.9. Sun TV NetworkSun TV Network reached a new 52-week high of Rs 628.5. (Disclaimer: This is an AI-generated article.

Manappuram Finance share price rose over 4 per cent to hit its fresh 52-week high of ₹155.65 in intraday trade on BSE. The stock opened at ₹149.05 against the previous close of ₹148.90 and rose 4.5 per cent to hit its fresh 52-week high. It traded 2.62 per cent higher at ₹152.80 around 1:30 pm and looked set to extend its winning run into the fourth consecutive session.

Bharat Heavy Electricals Limited (BHEL) share price rallied over 2% to hit a 52-week high in the early trade on Thursday after the company bagged an order worth ₹15,530 crore from state-run NTPC for a thermal power plant. BHEL shares rose as much as 2.35% to ₹121.45 apiece on the BSE. BHEL has secured the order for setting up the 2x800 MW Supercritical Thermal Power Project Stage-II at Lara in Chhattisgarh for NTPC.

Domestic benchmark index NSE Nifty gained 12.0 points to 19335.45, while the BSE Sensex traded 4.2 points up at 65091.45. On the other hand, Hercules Hoists, SRG Housing Fin, VELS Film Internatio, Pritika Engineering and Shalby stocks hit their fresh 52-week highs today. In the Nifty 50 index, Hindalco, Tech Mahindra, LTIMindtree, Maruti Suzuki and HCL Tech were among the top gainers on the NSE. Adani Ent., Adani Ports SEZ, Eicher Motors, BPCL and Bajaj Finance were among the top losers.

₹93 to ₹98 per equity share of face value of ₹10 each. Ratnaveer IPO lot size is 150 equity shares and in multiples of 150 equity shares thereafter. Ratnaveer Precision Engineering IPO cap price shall be at least 105% of the floor price and shall not exceed 120% of the floor price, and the floor price is to be determined and justified by the company and the promoter selling shareholder in consultation with the Book Running Lead Manager (BRLM), the company said in its Red Herring Prospectus (RHP).

climate change. During the opening session of the Global Adaptation Dialogue, Ambassador Majid Al Suwaidi, Director-General and Special Representative of COP28, reaffirmed the Presidency's unwavering commitment to prioritize adaptation and resilience.

The United States Securities and Exchange Commission is facing its first deadlines to decide on seven new Bitcoin (BTC) spot exchange-traded fund applications with the latest being Sept. 4 amid its defeat to Grayscale Investments in a U.S. federal appeals court.

dollar wobbled as weak U.S. labour data bolstered bets that the Federal Reserve was likely done with its interest rate hikes, while beaten-down China stocks rose for a third straight day. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.86% to a two-week top and is on a three-day winning streak.

Investing.com — U.S. crude oil stocks likely fell by more than 11 million barrels last week while inventories of gasoline and distillates rose, petroleum industry group API said in a preliminary report Tuesday, as refiners maxed output ahead of the Labor Day holiday that typically marks the peak of summer driving.

Circle’s United States dollar stablecoin, USDC, will launch natively on the Base network “next week,” according to an Aug. 29 social media post from CEO Jeremy Allaire. The new version will replace the current US Dollar Base Coin (USDbC) that most users rely on as a substitute.

Bitcoin (BTC) neared two-week highs on Aug. 29 as news hit that digital asset manager Grayscale had won a lawsuit against United States regulators.

Stocks closed higher on Wall Street as markets shift their attention from the Federal Reserve to more corporate earnings and economic reports

Suzlon Energy share price has gained 132%. Suzlon share price today opened at ₹24.30 apiece on BSE. Suzlon Energy share touched intraday high of ₹24.66 and low of ₹24.

Ashish Kacholia portfolio: Balu Forge share price has been under the grip of stock market bulls since early morning deals. This multibagger stock has delivered to the tune of 200 per cent return to its positional shareholders but it seems that the stock still has some steam left in it.

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Apple's upcoming iPhone 15 Pro Max models could be the most popular among the new models by the company, according to analyst Ming-Chi Kuo. Kuo claims that shipments for iPhone 15 Pro Max will begin mass shipments this week while the company is also planning to increase shipments of the legacy models. The new iPhone 15 Pro Max is rumoured to sport a new titanium frame, periscope zoom camera, the upcoming A17 Bionic chipset, and the possibility of supporting a rapid 150W charging speed.

Benchmark NSE Nifty index rose 31.05 points to 19337.1 amid buying in frontline bluechip stocks. However, stocks such as Penta Gold, Omaxe, Rajesh Exports, Rajnandini Metal and Accuracy Shipping, touched their fresh 52-week low. Overall, 37 shares traded in the green in Nifty50 index, while 13 traded in the red. In the Nifty 50 index, Tech Mahindra, UPL, Power Grid, Hero MotoCorp and JSW Steel were among top gainers, while Bharti Airtel, IndusInd Bank, Axis Bank, RIL and Dr.

SJVN shares rose 5% and hit a 52-week high at Rs 63.8 in Tuesday's trade on BSE after the firm's wholly owned subsidiary received the letter of award from Assam Power Development Corporation Limited (APDCL). «SJVN Green Energy Limited (SGEL), a wholly owned subsidiary of the company, has received a Letter of Awards from Assam Power Development Corporation Limited (APDCL) for three solar power projects of cumulative capacity 320 MW,» the company said in an exchange filing. SGEL had participated in three separate tariff-based competitive bidding tenders of APDCL i.e. 50 MW, 70 MW and 200 MW. The 50 MW and 70 MW projects are under the solar park category and have been allotted at a tariff of Rs 3.92/Unit. While the 200 MW project is to be developed anywhere in Assam and has been allotted at a tariff of Rs 3.90/Unit, SJVN said. These three solar power projects shall be developed on Build Own and Operate (BOO) basis.

Gokaldas Exports share price were locked at 20% upper circuit at a 52-week high on Tuesday after the company announced the acquisition of Dubai-headquartered Atraco Group (Atraco). Gokaldas Exports shares jumped as much as 20.00% to a 52-week high of ₹736.30 per share on the BSE. Gokaldas Exports through its wholly owned subsidiaries has entered into an agreement to acquire Atraco Group (Atraco), a leading manufacturer of apparel with a strong market position across US and Europe.