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The index is seeing the fourth straight month of gains in the F&O series as it enters August. Brokerages expect the Nifty to hit fresh all-time highs, given the overall derivatives activity. In the last 26 years, the index has closed 59% in the green in the month of August.
Suzy, a leading end-to-end market research software platform, is taking its qualitative offering to new heights. At Suzy’s AI-First Summit on July 19, the team unveiled AI-powered Qual Analysis, showcasing its commitment to innovation and cutting-edge technology.
Federal Bank: Due to a new issue of capital, Federal Bank's weight will increase slightly in both Nifty Bank and FTSE Index, said Abhilash Pagaria of Nuvama Institutional Equities.
Jio Financial Services, a unit of Mukesh Ambani's Reliance Industries (RIL), got valued at Rs 1.66 trillion ($20 billion) following an hour-long special trading session conducted by stock exchanges on Thursday. Shares of RIL's unit got priced at Rs 261.85 apiece - higher than analysts' expectations of Rs 134-224 per share. The price was arrived at after calculating the difference between RIL's Wednesday (July 19) close of Rs 2,840 and Rs 2,580, the price discovered during the first-of-its-kind pre-trade session.
The proposed scheme to cancel DVR shares will lead to a reduction in the outstanding equity shares by 4.2 percent, making it value accretive for all shareholders, the company said