BUSINESS
All sectoral indices end in the red
Nifty opened gap down and remained in negative territory throughout the session to close with a loss of 121 points (-0.6%) at 19,265, while the Sensex fell 365.83 points to settle at 64,886.51.
Shoppers Stop stock falls over 10% after CEO resigns
Shoppers Stop was trading at Rs 727.50, down 10.35 per cent on BSE.
Nifty’s breach below the 19,250 - 19,270 zone can trigger further slide
At the same time, from current levels for the bias to improve, would need a decisive breach and sustain above 19,500 levels to anticipate further rise. So till then, one can maintain a cautious approach and go for only select stocks, Parekh said.
Sony acquires gaming headphone maker Audeze
This acquisition aims to strengthen SIE’s efforts to continue innovating the audio experience of PlayStation games, the company said in a statement. The headphone maker will operate independently and develop multi-platform products, while benefiting from being a part of the PlayStation ecosystem.
Roark Capital buys Subway in one of biggest acquisitions in fast-food industry
Roark’s deal is one of the biggest acquisitions in fast food history, coming in just under Inspire Brands’ $11.3 billion purchase of Dunkin’ in October 2020. Roark owns Inspire, which also operates Subway rival Jimmy John’s, CNN reported.
RIL and Oberoi to co-manage three iconic hospitality projects
The properties include the upcoming Anant Vilas Hotel in Mumbai’s Bandra Kurla Complex (BKC), the iconic Stoke Park in the UK, and another planned project in Gujarat. Oberoi Hotels was voted the World’s Best Hotel Brand at the Travel + Leisure, USA World’s Best Awards, 2022.
FPIs not required to make additional disclosures to SEBI if investments are cut down to meet threshold
The provisions of this circular shall come into force with effect from November 1, 2023, SEBI said.
Geopolitical uncertainty offers support to gold prices
Hopes of a demand recovery from India may also contribute to the trend. However, it is unlikely for major rallies due to uncertainties over US rate hikes and the performance of US assets, he said.
QIA to invest Rs 8,278 crore in Reliance Retail for 0.99% equity stake
The investment values RRVL at a pre-money equity value of Rs 8.278 lakh crore.
Nifty pares gains after three days of positive close
Nifty Midcap 100 outperformed the benchmark and ended in green. Sectorally, it was a mixed bag with buying seen in IT, Realty, FMCG and Banking space.
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