Stock Market Updates Today : Amid weak global cues, investors are looking alert in the domestic stock markets today. In today’s trading, flat trading is being seen in both Sensex and Nifty indices. Today Nifty is trading below the level of 25050. While Sensex is seeing a decline of about 30 points today. Today, Bank, Auto, IT, FMCG, Metal and Realty indices are trading in the red mark on Nifty. While Financial and Pharma indices are in the green mark. Currently, Sensex is seeing a weakness of 33 points and it is trading at the level of 81752. While Nifty is trading at the level of 25039, down 13 points. Today’s top gainers include NTPC, BAJAJFINSV, TECHM, POWERGRID, BHARTIARTL. While top losers include M&M, HCLTECH, INFY, ULTRACEMCO, MARUTI.
Global signals are weak
Global signals are looking weak for the domestic stock market today. Selling is being seen in major Asian markets in today’s trading. Earlier on Wednesday, the US markets also closed with a big decline. On Wednesday, Dow Jones Industrial witnessed a weakness of 159 points and it closed at the level of 41091.42. NASDAQ Composite has seen a decline of 199 points and it closed at the level of 17556.03. While the S&P 500 index fell by about 34 points and closed at the level of 5592.18.
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Aug 29, 2024 10:00 IST
Tata Steel
Tata Steel has bought about 178 crore additional equity shares of its Singapore unit T Steel Holdings Private (TSHP) Limited for $280 million. Now Tata Steel’s capital investment in TSHP has become $133.7 million. In a notice to the stock exchange, the company said that Tata Steel bought 1,78,34,39,490 ordinary equity shares of face value of $0.157 in TSHP, worth a total of $280 million (Rs 2,347.81 crore). After this acquisition, TSHP will remain a wholly owned subsidiary of Tata Steel.
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Aug 29, 2024 10:00 IST
Vodafone Idea News
The GST department has ordered telecom company Vodafone Idea Limited (VIL) to pay Rs 15.19 crore for wrongly availing input tax credit. A fine of Rs 1.51 crore has also been imposed on the company. Vodafone Idea said in a notice to the stock market that the Patna-based GST office has imposed this fine on it for availing input tax credit (ITC) despite not being eligible in the financial years 2019-20 and 2020-21. VIL said that it does not agree with this order and will take appropriate legal action on it.
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Aug 29, 2024 10:00 IST
paytm news today
One97 Communication, a financial technology company that owns the Paytm brand, has received government approval for ‘downstream’ investment in its wholly-owned subsidiary Paytm Payments Services Limited (PPSL). The company said in a notice to the stock exchange that it will apply afresh for the Payment Aggregator (PA) license. Paytm said that PPSL has received approval for investment from the parent company through a letter dated August 27, 2024 from the Department of Financial Services, Ministry of Finance, Government of India.
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Aug 29, 2024 10:00 IST
RIL News
The Competition Commission of India (CCI) said that it has approved the merger of the media units of Reliance Industries and Walt Disney Company to form the country’s largest media company. The Competition Commission has approved this merger agreement with some amendments proposed by both the parties. However, the Competition Commission did not give details of these voluntary amendments made by both the parties to the original deal. Under this merger agreement, the country’s largest media company worth more than Rs 70,000 crore will come into existence.
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Aug 29, 2024 09:59 IST
Stocks under F&O ban
Stocks under F&O ban on NSE today include Bandhan Bank, Granules India, Hindustan Copper and India Cements.
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Aug 29, 2024 09:59 IST
FII and DII data
According to provisional data available on NSE, on Wednesday, August 28, 2024, foreign institutional investors (FIIs) were net buyers and sold shares worth Rs 1347.53 crore. At the same time, domestic institutional investors (DIIs) were net buyers and bought shares worth Rs 439.35 crore on August 28.
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Aug 29, 2024 09:33 IST
Crude below $ 79
There has been a slowdown in Brent crude. In the international market, crude has slipped below $79 and is trading around $78.50 per barrel. While WTI crude is trading around $74.50 per barrel.
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Aug 29, 2024 09:32 IST
Selling in Asian markets
Selling is being seen in major Asian markets in today’s trade. Talking about Asia, GIFT NIFTY is down by 0.18 per cent and Nikkei 225 is down by 0.04 per cent. Strait Times has strengthened by 0.29 per cent while Hang Seng is down by 0.77 per cent. Taiwan Weighted has fallen by 0.83 per cent, while Kospi has fallen by about 0.81 per cent and Shanghai Composite by 0.46 per cent.
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Aug 29, 2024 09:32 IST
Dow Jones closed down by 159 points
On Wednesday, the US markets closed with a big decline. On Wednesday, the Dow Jones Industrial saw a decline of 159 points and closed at the level of 41091.42. The NASDAQ Composite fell by 199 points and closed at the level of 17556.03. While the S&P 500 index fell by about 34 points and closed at the level of 5592.18.
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