₹319.10 lakh crore on Thursday, driven by an optimistic trend in equities, where Sensex recorded its fifth straight day rally.On Thursday, FIIs continued to divest from the Indian market as FIIs offloaded ₹3,245.86 crore. Meanwhile, DIIs infused ₹10,202.87 crore and offloaded ₹247.46 crore.Oil prices fell for a second session weighed down by lingering concerns over slower global demand, but were still headed for a second consecutive weekly gain amid expectations of tightening supplies.On Thursday, SBI Funds Management Ltd, the country's largest asset management company, acquired approximately 8% of the stake in Nazara Technologies Ltd, an online gaming firm, for a total of ₹410 crore.
This development comes on the heels of a surprise investment of ₹100 crore made by Nikhil and Nithin Kamath, the founders of India's largest brokerage, Zerodha Broking Ltd, on September 4th.Nazara Technologies Ltd, which has experienced an impressive surge in its stock performance this year, witnessing a gain of over 39% in the last three months alone, has announced its intention to issue 5.74 million new shares on a preferential basis to three mutual fund schemes operated by SBI Mutual Fund. These new shares will be issued at a price of ₹714 apiece.
(Read More)Wall Street slipped in mixed trading Thursday as the threat of high interest rates continues to dog Big Tech stocks.The S&P 500 fell 14.34, or 0.3%, to 4,451.14 for its third straight loss. The Nasdaq composite was hit particularly hard by the drop for tech stocks, and it sank 123.64, or 0.9%, to 13,748.83.The Dow Jones Industrial Average held up better than the rest of the market because it has less of an emphasis on tech, and it rose 57.54 points, or 0.2%, to 34,500.73.Stocks felt
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