Yesterday's big news was related to the stock market. After the Federal Reserve cut interest rates, the stock market made an all-time high for the second consecutive day on Thursday (September 19). During trading, the Sensex touched the level of 83,773 and the Nifty touched the level of 25,611. However, a decline was seen later.
At the same time, there was a slight decline in the price of gold. According to the India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24 carat gold fell by Rs 55 to Rs 73,202 on Thursday. Earlier its price was Rs 73,257 per ten grams.
Before tomorrow's big news, today's major events, which will be in focus…
- There may be a rise in the stock market today on Friday.
- There has been no change in the prices of petrol and diesel.
Now read yesterday's big news…
1. Sensex made a high of 83,773 and Nifty of 25,611: closed at 83,184, up 236 points; Energy, auto and banking stocks rose
After the Federal Reserve cut interest rates, the stock market made an all-time high for the second consecutive day on Thursday (September 19). During trading, the Sensex touched the level of 83,773 and the Nifty touched the level of 25,611.
However, after this the market came down and the Sensex closed at 83,184 with a gain of 236 points. Nifty also rose by 38 points, closing at 25,415. Energy, banking and auto shares were up today.
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2. Gold price falls, silver becomes expensive: Gold comes at Rs 73,202, silver rises by Rs 869 to Rs 88,275 per kg
There is a slight decline in the price of gold on Thursday. According to the India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24 carat gold fell by Rs 55 to Rs 73,202 on Thursday. Earlier its price was Rs 73,257 per ten grams.
Silver is on the rise today. It has risen by Rs 869 to reach Rs 88,275 per kg. Earlier, silver was at Rs 87,406. This year, gold has reached an all-time high of Rs 74,222 per 10 grams in May. Silver, on the other hand, reached Rs 94,280 per kg on 29 May.
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3. RBI lifts ban on IIFL Finance's gold loan business: The ban was imposed in March after irregularities in gold purity, weight and loan-to-value
The Reserve Bank of India (RBI) has lifted the restrictions imposed on the gold loan business of IIFL Finance Limited. The central bank had banned the company's business on March 4 this year after several irregularities were found in its gold loan portfolio. According to the restrictions, IIFL was prohibited from approving, distributing and selling gold loans.
While imposing the ban, RBI had said- For the last few months, the Central Bank was discussing these shortcomings with the senior management and auditors of the company, but no meaningful action has been taken so far in the direction of improvement. In such a situation, this ban was necessary keeping in mind the interest of the customers.
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4. Airtel's market cap crosses ₹10 lakh crore: It became the fourth company in the country to achieve this milestone, it was at number 7 at the beginning of the year
India's second largest telecom company Bharti Airtel has become the fourth company in the country to cross the market cap of Rs 10 lakh crore. Airtel's stock saw a rise of more than 3% during trading on Thursday (September 19), due to which its market value crossed the milestone of Rs 10 lakh crore.
However, the stock later declined and closed at Rs 1,672 with a gain of 1.03%. This reduced the company's market cap to Rs 9.97 lakh crore. The company has added Rs 1 lakh crore to its market value in just 18 sessions.
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5. Supreme Court rejects petition of telecom companies: Vodafone Idea shares fell 19.07%, company owes ₹ 70,300 crore
The Supreme Court on Thursday dismissed the curative petition filed in the Adjusted Gross Revenue (AGR) case. This petition was filed by Vodafone Idea and other telecom companies including Bharti Airtel, in which it was said that serious mistakes have been made by the Telecom Department in the calculation of AGR dues.
The biggest impact of the rejection of the petition was seen in the shares of Vodafone Idea (VI). The share of VI fell by 19.07% and closed at Rs 10.44. In fact, VI currently has an outstanding amount of more than Rs 70,300 crore.
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6. Arcade Developers IPO subscribed 31.73 times in three days: Northern Arc Capital's issue also subscribed 21.51 times, today is the last day of bidding
Today is the last day to bid for the Initial Public Offers (IPOs) of Arcade Developers Limited, Northern Arc Capital Limited and Western Carriers Limited. Out of the three, Arcade Developers' IPO was subscribed a total of 31.73 times.
Retail The issue was subscribed 35.83 times in the retail category, 0.65 times in qualified institutional buyers (QIB) and 62.45 times in the non-institutional investors (NII) category. At the same time, the IPO of Northern Arc Capital was subscribed a total of 21.51 times in three days. The issue was subscribed 19.93 times in the retail category, 0.32 times in QIB and 52.83 times in the NII category.
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7. Royal Enfield Bullet Battalion Black variant launched at ₹ 1.75 lakh: Bike gets handmade golden pinstripes on tank and single channel ABS, competes with Jawa 42
Royal Enfield today (September 19) launched the new Battalion Black colour variant of its most popular bike Bullet 350 in India. Its price has been kept at Rs 1,74,875 (ex-showroom). The new Classic 350 Battalion Black has been placed above the Military Black and Military Red colour variants and below the Military Silver Black and Military Silver Red colour variants.
The new Bullet 350 is built on the J-series platform, on which the company's other 350cc models such as Classic Reborn, Meteor and Hunter are available in the market. In India, the bike competes with bikes like Honda CB350 and Jawa 42.
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8. BMW X7 Signature Edition launched in India, priced at ₹1.33 crore: Luxury crossover SUV gets 14-colour ambient lighting and panoramic sunroof, competes with Audi Q7
Automakers are launching special editions of their cars for the festival season. Today (September 19), luxury car maker BMW Motorrad has launched the signature edition of the BMW X7 in India. The company has introduced it in a single variant xDrive 40 iM Sport.
BMW has priced the luxury crossover SUV at Rs 1.33 crore (ex-showroom pan-India), which is Rs 3 lakh more than the standard variant. The model will be produced locally at the company's Chennai plant and can be booked through the BMW online shop.
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Now read the news of your need…
Invest in Monthly Income Account for regular income: It will earn up to Rs 9,250 every month, know the special things related to it
If you want to arrange monthly income for yourself after or before retirement, then the National Savings Monthly Income Account of the post office will be suitable. Currently, 7.4% annual interest is being given in this scheme. Through this, you can arrange an income of Rs 9,250 every month for yourself.
Click here to read the full news…
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Know the condition of tomorrow's stock market and gold-silver…
Self-check the latest price of petrol-diesel and gas cylinder…
Graphics Source: VaskarAssets
