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Over the five trading sessions ending September 5, the Sensex rose by about 1.1%, adding 901 points to close at 80,710. The benchmark index finished in the green on three out of those five days. Notably, during this market uptrend, 10 stocks from the BSE 200 index posted gains in each of the five sessions. (Data Source: ACE Equity)
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News and Media
Hy-Tech Engineers is preparing to launch its IPO. The company has filed its draft prospectus with SEBI. The IPO includes a fresh issue of shares up to Rs 700 crore. Promoters will also offer 1,19,33,120 equity shares for sale. The company plans to use the funds for expansion and debt repayment. The shares will be listed on BSE and NSE.
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News and Media
India's retail sector anticipates a consumption boost. The GST Council's tax slab rationalization aims to reduce prices on many goods. Apparel, footwear, and consumer electronics will likely see price drops. Organized retail may gain against unorganized players. Amber Enterprises and Trent are expected to benefit. Challenges like inverted duty structures remain. This policy shift signals a push toward consumption-driven growth.
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News and Media
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