Market Updates and Live News: July 29, 2024
The latest market news today brings updates on various sectors and companies, providing valuable insights for investors and traders. Here are some of the key highlights from today’s live updates:
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Commodity News: Oil prices dropped over $1 per barrel as Israeli officials worked to prevent a wider Middle East conflict. Brent futures for September delivery fell by $1.39 to $79.74 per barrel, while U.S. crude declined by $1.40 to $75.76 per barrel.
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IPO News: Akums Drugs and Pharma IPO raised ₹828.78 crore from anchor investors ahead of the public issue. The pharmaceutical company allocated 1.22 crore equity shares at ₹679 per share to its anchor investors.
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Stock Market News: SEBI proposed to widen the scope of ‘Connected Person’ in Insider Trading regulation. The proposed changes aim to include relatives and other close associates of connected persons to ensure comprehensive regulation.
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Stock Markets Today: Carlyle is likely to divest a 6.4% stake in PNB Housing Finance for ₹1,256 crore. Quality Investment Holdings, a Carlyle entity, plans to sell 1.66 crore shares at a floor price of ₹775 each.
- Wall Street Update: US stocks edged higher ahead of the Fed rate decision and Big Tech results. The Dow Jones rose by 0.19%, the S&P 500 was higher by 0.32%, and the Nasdaq gained 0.50%.
These updates provide a snapshot of the current market trends and developments, offering valuable information for investors and traders to make informed decisions. Stay tuned for more live updates on market movements and company news.
