Week Financial News

Reliance Industries, macroeconomic data, global cues, and more. Markets consolidated in a range and settled lower for the fifth successive week -the longest streak since April 2022 - mainly pressurized by weak global cues. The tone was positive for most of the week but a decline in the final sessions pushed the index in the red.

IPOs Next Week: The primary market witnessed some major listings in both main board and SME IPOs this month, which kept investors engaged with subscriptions and listings. Moving on, the upcoming week sees the end of August and the start of the new month, which is similarly packed with new listings and IPO issues, that are available for subscription.

Dividend Stocks: Shares of several companies including Shipping Corporation of India, NMDC, Birla Corporation, Metro Brands, among many others will trade ex-dividend in the coming week, starting from Monday, August 28. The ex-dividend date is the day on which the equity share price adjusts to reflect the next dividend payout. It is the day the stock becomes ex-dividend, which means it does not carry the value of its next dividend payment from that day forward.

ET Now: How are the markets shaping up currently? Rajesh Palviya: Last week, we projected a range of 19200 to 19600, and we're now near the lower end at 19200. Nifty tried breaking above 19500-19550 but faced resistance from aggressive call writers at 19500-19400. As we approach August's expiry week, call writing is seen at 19300-19400 strikes, indicating a shift in call writers' positions downward.

Also Read: Movies, OTT releases Friday! From ‘Dream Girl 2’ to Kannada drama ‘Toby’. Full list here Shahrukh Khan's ‘Jawan’ will be the major highlight of the next week. Know about the film and other major release of the week.

Read more Jio Financial Services stock will now be removed from the all the S&P BSE indices, including Sensex, Sensex 50, BSE 100, BSE 500 among others, before opening of trading on September 1. Read more The Securities and Exchange Board of India (Sebi) on Friday informed the Supreme Court that it has concluded 22 out of 24 separate investigations into the Adani group, analysed data on nearly 350 million stock trades, and scrutinized dealings in seven Adani group firms involving tens of thousands of documents.

Bitcoin holdings, the repercussions of this move resonated far beyond its initial impact. The reverberations of SpaceX's decision sent shockwaves through the market, sparking a chain reaction of sell-offs that contributed to the downward trajectory. However, it's essential to acknowledge that this is just one piece of a complex puzzle contributing to the current market dynamics. Beyond the SpaceX announcement, other influencing factors also have played a role in shaping up the recent market trends. One noteworthy factor is the waning interest in Bitcoin Exchange-Traded Funds (ETFs). Additionally, macroeconomic factors, such as global economic conditions and governmental policies, are exerting their influence on the cryptocurrency space. On Friday, the selling pressure intensified ahead of the Federal Reserve Chair Jerome Powell’s imminent speech. This anticipation of Powell’s speech has led many market participants to shift away from riskier assets, and this cautious sentiment isn't limited to cryptocurrencies alone. Traditional markets are also experiencing the impact of this uncertainty.

Buy or sell stocks: Indian stock market plunged, an all-round sell off on Friday tracking weak global cues. NSE Nifty lost 120 points and closed at 19,265, BSE Sensex shed 365 points and ended at 64,886 levels while Bank Nifty index corrected 264 points and finished at 44,231 mark. Nifty Mid-cap Index underperformed the Nifty with a large margin by falling 0.82 per cent in today’s session.

National Exhibition of Art will be organised at the Lalit Kala Akademi campus here from August 28, veteran painter and Akademi chairman V Nagdas announced on Friday. The annual art event will be inaugurated by actor Manoj Joshi, writer Chandraprakash Dwivedi and artist Vasudeo Kamath at Kamani Auditorium. The National Exhibition of Art (NEA) every year calls for works of visual art from different genres, including painting, sculpture, print making, photography, digital art, video art and installations. The exhibition will showcase works by a total of 20 artists from across India, who were selected for the National Akademi Award from a total of 2,291 applicants with 5,714 entries. The 20 exhibiting artists will receive the award at the inaugural ceremony in the form of a plaque, a certificate and a cash prize of Rs 2 lakh. Talking about the exhibition and award, Nagdas said the NEA is the most anticipated art event of the country and the Akademi Awards bring artists name, fame and future opportunities. The Lalit Kala Akademi (LKA) has devised a few collateral and complementary events to add more colour to the NEA, said the chairman. «There will be illustrated lectures, curatorial walks and interactive gallery sessions at the LKA while the NEA is on.

Central Bank of India is likely to raise up to ₹1,500 crore through the issuance of tier-2 bonds next week. The state-owned bank's bond issue is likely to have a base size of ₹500 crore and a greenshoe option of ₹1,000 crore, with bidding for the sale expected to take place on August 29, sources said. The bonds are likely to be of 10-year maturity.

Firefighters battle multiple wildfires in Greece, including one in the northeast that officials say is the largest recorded in the European Union.

Stocks rose to send Wall Street to its first winning week since July

settled her differences with her relatives at the Murugappa Group. Arunachalam had accused the group of gender-based discrimination, as her appointment to their board of directors wasn't approved after her father, the family patriarch's, death.

₹418 to ₹441 per equity share of face value of ₹10 each. Rishabh Instruments IPO lot size is 34 equity shares and in multiples of 34 equity shares thereafter.

Benchmark NSE Nifty closed 120.9 points down at 19265.8 amid selling in frontline bluechip counters. However, stocks such as Sadhana Nitro, Penta Gold, Hotel Rugby, Yasho Industries and Zeal Global Services, touched their fresh 52-week lows. Overall, 9 shares ended in the green in Nifty50 index, while 41 closed in the red. In the Nifty 50 index, Bajaj Finserv, Bajaj Finance, Asian Paints, ONGC and Bharti Airtel were among top gainers during the day, while Dr.

Syrma SGS Technology share price surged over 9% to touch 52-week high on Friday's trading session after the company appointed Satendra Singh as Chief Executive Officer (CEO). Syrma SGS share price opened at ₹496.95 apiece on BSE. Syrma SGS share hit intraday high of ₹540 and low at ₹494.05.

Domestic benchmark index NSE Nifty fell 130.1 points to 19256.6, while the BSE Sensex traded 432.14 points down at 64820.2. On the other hand, KFIN Technologies, Virescent Renewable, Kaynes Technology In, Gabriel India and Global Pet Industrie stocks hit their fresh 52-week highs today. In the Nifty 50 index, Bajaj Finserv, ONGC, Bajaj Finance, BPCL and Maruti Suzuki were among the top gainers on the NSE. IndusInd Bank, L&T, SBI, Adani Ent.

₹939.00 apiece on the BSE. Around 2.3 crore Paytm shares or 3.6% stake of the company changed hands in a bunch of deals, according to reports. Earlier, reports said that Antfin was set to sell another 3.6% shares, or 2.3 crore shares in the fintech giant via block deal on Friday.

Gold prices steadied near two-week highs on Friday and was headed for their best week in six as U.S. Treasury yields backed off highs ahead of speeches by top central bankers including Fed Chair Jerome Powell that could guide on future interest rates. FUNDAMENTALS * Spot gold was down 0.1% at $1,915.89 per ounce by 0120 GMT, holding below its highest since Aug.

The average long-term U.S. mortgage rate climbed further above 7% this week to its highest level since 2001, another blow to would-be homebuyers grappling with rising home prices and a stubbornly low supply of properties on the market

Everlodge is a cutting-edge platform designed to make luxury property investment accessible to a broader audience. By blending the power of NFT technology with fractional ownership, Everlodge offers a secure and transparent pathway to the world of high-end real estate. Utilizing state-of-the-art blockchain technology, Everlodge creates unalterable smart contracts to house property specifics, ensuring unparalleled transparency and security.