Stock Market Today: The Nifty index on the NSE IX traded 22.5 points, or 0.12%, lower at 19,406.50, indicating that Dalal Street will likely open Friday slowly. As expected U.S. inflation statistics reinforced hopes the Federal Reserve could pause its monetary tightening, the S&P 500 closed lower and the Nasdaq higher on Thursday. Salesforce increased after a positive prediction.
Tokyo stocks opened higher; Rupee falls
The rupee lost 7 paise to end the day at 82.70 against the US dollar, after a strong US dollar and rising crude oil prices. As investors awaited important US jobs data due later in the day, Tokyo markets opened negative on Friday but rapidly recovered into positive territory.The broad Topix index increased by 0.58 percent to 2,345.52, while the benchmark Nikkei 225 index rose by 0.29 percent, or 94.24 points, to 32,713.58 in early trading.
Stock Market Today: India’s budgetary gap widens to Rs. 6.06 lakh crore
The fiscal deficit for the first four months of the current fiscal year, which stands at Rs 6.06 lakh crore, represents 33.9% of the overall objective of Rs 17.87 lakh crore. According to information provided by the Controller General of Accounts, the fiscal deficit of the Indian government increased from Rs 4.51 lakh crore in April-June to Rs 6.06 lakh crore in April-July. Due to the turn of events, the fiscal deficit for April through July 2023 was significantly bigger than it was for the first four months of 2022–2023 at 77.7 percent.
JIOFIN to be removed from BSE today
The BSE notice stated “The open of trading on Friday, September 01, 2023, Jio Financial Services Ltd will be removed from all the S&P BSE Indices following its listing on Monday, August 21, 2023, due to its spin-off from its parent, Reliance Industries” “effective prior to the open of trading on Friday, September 01, 2023, Jio Financial Services Ltd will be removed from all the S&P BSE Indices following its listing on Monday, August 21, 2023, due to its spin-off from its parent, Reliance Industries”
The Bombay Stock Exchange announced on August 31 that Jio finance Services (JFS), the demerged finance division of Reliance Industries, will be eliminated from the BSE Indices, including the benchmark 30-pack Sensex, on September 1. Exchanges postponed the stock’s exclusion plan because it remained stuck in the lower circuit after it was initially supposed to be removed by August 23. The stock finished at an upper circuit of 5% on August 31, reaching Rs 242.50 a share on BSE, marking its third straight session of gains.
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