stock options

Equity market benchmark indices Sensex and Nifty stayed on the back foot for the fifth straight session on Thursday as investors offloaded metal, banking and finance stocks amid a lacklustre trend in global markets.

The benchmark Sensex rebounded by 1,293 points, while the broader Nifty shot up nearly 2 per cent to a record high on Friday, cutting short its five-day losing streak on heavy value-buying at lower levels and a rally in blue-chips like Reliance Industries.

Shares of Sanstar debuted on postiive note on Friday after blockbuster IPO. As against the IPO price of ₹95, the stock was listed at ₹109 on the NSE and rose further to ₹128.79 before settling at ₹115.07, up 21.25 per cent. On the BSE, the stock close at ₹115.09.

Target: ₹73

BSE Sensex has touched 80,000 mark on Wednesday’s early trade. Sensex traded at 79,983.23, higher by 541.78 pts or 0.68 per cent as at 10.32 a.m, and Nifty 50 traded at 24,277.20, up by 153.35 pts or 0.64 per cent.

State Bank of India has raised ₹10,000 crore at a coupon rate of 7.36 per cent through its sixth infrastructure bond issuance. The issue attracted an enthusiastic response from investors with bids in excess of ₹18,145 crore and was oversubscribed by around 3.6 times against the base issue size of ₹5,000 crore.

Asian stocks rallied to record peaks on Thursday while sterling edged to a four-month high on strong growth figures, as traders counted down to US data that is expected to show inflation easing and pave the way for rate cuts as soon as September.

Popular Chinese concept stocks had mixed gains on Friday, with the Nasdaq China Golden Dragon Index (HXC) closing up 0.6%

Apple will shut down its Pay Later program that allowed customers to pay in installments, marking the company\’s internal withdrawal of more financial services

NVIDIA hits a new intraday high, may benefit from fund rebalancing buying