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

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

The rupee gained 14 paise to 87.95 on equity strength, but US tariff concerns and global risks capped recovery; Sensex and Nifty rose as US trade tensions escalated.Read More

Three IPOs, Urban Company, Shringar House of Mangalsutra, and Dev Accelerator, are opening. Urban Company, a home services marketplace, aims to raise significant capital. Shringar focuses on mangalsutras, targeting steady earnings. Dev Accelerator offers flexible workspace solutions, eyeing expansion. Analysts suggest Dev Accelerator for listing gains. Urban Company is considered for long-term potential.Read More

Amanta Healthcare shares: Amanta Healthcare shares debuted with a premium, listing at Rs 135 on NSE and Rs 134 on BSE against an issue price of Rs 126. The Rs 126 crore IPO, a fresh issue, will fund expansion, including a new SteriPort line. Despite strong demand and oversubscription, analysts consider the IPO “fully priced,”...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

“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

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

SML Isuzu may be in focus on September 9 after reporting a 15% drop in August sales to 815 units and exports halving to 27, even as production rose 7% to 1,045 units. The update comes as the commercial vehicle maker prepares to rebrand as SML Mahindra, pending shareholder and regulatory approvals.Read More

Anticipation of a U.S. Federal Reserve rate cut is expected to ease Indian government bond yields and offer slight support to the rupee, which has been pressured by U.S. tariff concerns. The rupee previously hit a record low, while the 10-year benchmark bond yield experienced its largest weekly drop in four months. Upcoming inflation data...Read More