Gold futures on MCX soared to a record high of Rs 1,09,000/10 grams, fueled by expectations of aggressive US Fed rate cuts. Silver futures also remained firm, while international spot gold hit an all-time high of $3,646.53/oz. Weak U.S. job data has increased the likelihood of these rate cuts, weakening the dollar and supporting precious...Read More

Glenmark Pharmaceuticals’ shares surged following its subsidiary’s $700 million upfront payment from AbbVie for an exclusive licensing agreement concerning IGI’s lead drug candidate, ISB 2001. The deal grants AbbVie rights in key markets, while Glenmark retains commercialization in emerging regions.Read More

SpiceJet shares rose sharply after the airline completed a $24 million (approx. Rs 200 crore) payment to Credit Suisse, closing a long-standing liability. The full settlement strengthens its balance sheet, boosts investor confidence, and marks a key step in its turnaround efforts.Read More

Dev Accelerator is launching its Initial Public Offering on September 10. The IPO aims to raise Rs 143.35 crore. There is strong investor interest, with shares trading at a premium in the grey market. The company plans to use the funds for expansion and debt repayment. Listing is expected on September 17 on BSE and...Read More

“RSI trending up” means that the Relative Strength Index (RSI) values are increasing, suggesting strengthening momentum in the price of the stock. This can indicate potential upward movement and may be used by traders to identify buying opportunities.Read More

Nasdaq has filed with the SEC to pioneer tokenised securities trading in the U.S., aiming to integrate blockchain-based settlement while maintaining traditional investor protections.Read More

Hong Kong stocks hit four-year highs on Fed rate cut hopes, with the Hang Seng up 0.8%, while mainland markets fell as SMIC slumped 9% after an acquisition deal, dragging tech shares. Gold miners gained on rising prices, and Hong Kong property shares surged.Read More

Indian government bonds are expected to rally following reassurance from the finance minister that the fiscal deficit target will be met and the borrowing plan will remain unchanged. This positive sentiment, coupled with a drop in U.S. yields and the implementation of CRR cuts, has boosted the debt market.Read More

A White Marubozu is a bullish candlestick pattern in technical analysis. It forms when the opening price is the lowest for a given period and the closing price is the highest.Read More

Housing & Urban Development Corporation (Hudco) signed a non-binding MoU with Nagpur Metropolitan Region Development Authority (NMRDA) to provide up to Rs 11,300 crore for metro, housing, and infrastructure projects over five years. The pact, attended by Maharashtra CM Devendra Fadnavis, also covers consultancy and capacity-building support. Analysts expect the deal to strengthen Hudco’s long-term...Read More