Sensex Today | Share Market Live Updates: Sensex, Nifty expect to gain at start; Gift Nifty in green

By Jael Hurley On Sep 12, 2023

Sensex Today | Share Market Updates: Experts predict that the Indian stock market rally will continue after Nifty touched the 20,000 mark for the first time on Monday. Continued inflows of Indian FIIs, DIIs and retail investors have pushed Indian indices to record highs.

Wall Street also jumped on Monday with Tesla climbing 10% and other tech stocks zooming in.

This coming week will provide a huge data point for the Federal Reserve with the US government offering its latest monthly update on prices paid by consumers across the economy, forecast to be 3.6% higher in August than a year before.

12 Sep 2023, 07:29:52 AM IST

Sensex Today Live | Share Market Updates: KKR back to invest ₹ 2,069.50 crore in Reliance Retail, increase stake from 1.17% to 1.42%

Reliance Retail Ventures Limited today announced that global investment firm KKR, through an affiliate, will invest ₹ 2,069.50 crore into RRVL, a subsidiary of Reliance Industries Limited. This investment values RRVL at its pre-cash equity value ₹ 8.361 lakh crore, making it among the top four companies in the country by equity value.

KKR’s follow-on investment will translate into an additional 0.25% equity commitment in RRVL on a fully diluted basis. This, together with the question from his investment of ₹ 5,550 crore in RRVL in 2020, it will take its total equity stake in RRVL to 1.42% on a fully diluted basis. (Read More)

12 Sep 2023, 07:27:42 AM IST

Sensex Today Live | Share Market Updates: Rising Big Tech stocks help Wall Street retrace half of last week’s losses

A rally for Big Tech stocks on Monday helped Wall Street retrace about half of its losses from last week.

The S&P 500 rose 29.97, or 0.7%, to 4,487.46, coming off its first losing week in the last three. The Dow Jones Industrial Average gained 87.13 points, or 0.3%, to 34,663.72, while the Nasdaq composite climbed 156.37, or 1.1%, to 13,917.89.

Like last week, several large tech-focused stocks led the way. Tesla jumped 10.1%, Amazon climbed 3.5% and Meta Platforms rose 3.2%.

Technology stocks were at the forefront of the market lower last week as yields rose. Higher yields hurt all types of stocks, but high-growth stocks tend to be the hardest hit. Yields rose last week after reports showed the US economy is still stronger than expected, potentially adding more fuel to pressures that are keeping inflation high.

Next week will provide a huge data point for the Federal Reserve, which is weighing whether to continue raising interest rates in its bid to get inflation back to 2%. On Wednesday, the US government will offer its latest monthly update on prices paid by consumers across the economy, which are forecast to have been 3.6% higher in August than a year earlier. (AP)

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