Market

Pandey said that the SEBI is currently reviewing the NSE’s application to launch an IPO. The NSE had filed its draft herring prospectus in 2016, and is still awaiting the regulator’s nod. Source

Gold prices surge to near ₹1 lakh per 10 grams on weak dollar and trade war uncertainties, boosting demand. Source

In a regulatory filing on Thursday, Prestige Estates informed that a hospitality fund raising committee of the board approved the participation in the offer for sale of its subsidiary, Prestige Hospitality Ventures Ltd (PHVL), aggregating up to ₹1,000 crore. PHVL, which currently has seven hotels in operation, will raise up to ₹1,700 crore through fresh…

Rupee depreciates against the dollar due to economic concerns, while domestic equities and foreign investments remain positive. Source

The Nifty 50 index remained flat throughout the day, ending on a flattish note. While the short-term sentiment remains strong, signs of fatigue are becoming increasingly evident, according to analysts. Source

Sensex and Nifty rise on foreign fund inflows and bank stock buying, defying U.S. market slump. Source

Zomato restructures leadership as Rakesh Ranjan steps down from the food delivery CEO role. Founder Deepinder Goyal will lead operations amid industry slowdown and market share shifts. Source

Gold prices hit record high of ₹1,00,000 per 10 grams as investors flock to safe havens amid global trade war jitters. Source

US Stock Market Highlights: US stocks rose on Thursday, driven by gains in megacap tech companies. The S&P 500, Nasdaq Composite, and Dow Jones Industrial Average all increased, with the Nasdaq leading the gains. Source

Rupee closes lower against dollar at 85.23 on Tuesday due to mixed factors, including foreign fund inflows and oil prices. Source