Sensex Surpasses 85,000 for the First Time, Nifty Closes Above 26,000 Mark

By BPN News Desk September 25, 2024

Business Markets

The Indian stock market reached new milestones on Wednesday, with the Sensex closing above 85,000 for the first time ever, and the Nifty surpassing the 26,000 mark on a closing basis. Both indices recovered from intraday lows, ending the session at record highs. The Sensex, a 30-stock index,

Business Markets

Gold Prices Increase Amid West Asia Tensions, Silver Declines for the Second Day

By BPN News Desk September 25, 2024

Gold prices in India surged by ₹210 to reach ₹76,520 per 10 grams on Wednesday, September 25, 2024, amid global market uncertainties driven by escalating tensions in West Asia. The ongoing conflict between Israel and Hezbollah has bolstered the yellow metal’s safe-haven appeal, pushing it to near-record highs globally. Spot Gold in New York hit […]

Business Markets

Hyundai Motor Secures SEBI Approval for India’s Biggest IPO, Aiming to Raise $3 Billion: Report

By BPN News Desk September 25, 2024

Hyundai Motor India is set to launch the largest initial public offering (IPO) in India’s history, after receiving approval from the Securities and Exchange Board of India (SEBI). The South Korean automaker, through its Indian subsidiary, plans to raise $3 billion (approximately ₹25,000 crore), surpassing the previous record held by LIC’s ₹21,000 crore share sale.

Business Markets

Tata Steel Top Gainer as Nifty Ends Flat After Reaching 26,000 Mark

By BPN News Desk September 24, 2024

The Nifty 50 index closed nearly flat on Tuesday at 25,940.40, despite hitting an all-time high of 26,011.55 during the session. The market saw a balanced performance, with 25 stocks gaining and 25 declining. Tata Steel emerged as the top gainer, rising by 4.25% to close at ₹160.53, leading the surge in metal stocks after […]

Business Markets

Swiggy Secures SEBI Nod for IPO, Share Sale Likely in November

By BPN News Desk September 24, 2024

Food and grocery delivery giant Swiggy has received approval from the Securities and Exchange Board of India (SEBI) for its public listing, following its confidential IPO filing earlier this year, sources familiar with the development have revealed. Swiggy is now set to file an updated draft red herring prospectus (DRHP) before beginning its roadshows for […]

Business Markets

Stock Market Update: Mahindra & Mahindra, Bajaj Auto, and Eicher Motors Among Top Movers on September 23, 2024

By BPN News Desk September 23, 2024

The Indian stock markets ended the trading session on a positive note on September 23, 2024. The Nifty 50 closed at 25,790.95, reflecting an increase of 0.57%, while the index saw an intraday high of 25,956.0 and a low of 25,847.35. Similarly, the Sensex ended 0.45% higher at 84,544.31, marking a gain of 384.3 points […]