Business

27

Aug

By The Press Editor

Business

Sensex falls 539.35 points to settle at 76,933.59, Nifty below 24,100, HDFC down over 2%

Benchmark indices Sensex and Nifty ended lower as easing crude oil prices failed to offset investor concerns, leading to selling in heavyweight stocks across sectors. The 30-share BSE Sensex closed 539.35 points or 0.70 per cent lower at 76,933.59. During the day, the benchmark hit a high of 77,694.97 and a low of 76,933.59, gyrating 761.38 points. The 50-share NSE Nifty ended with a fall of 116.90 points or 0.48 per cent and closed the session at 24,090.85. However, the broader market ended the session mixed. While the BSE MidCap Select Index dropped 89 points or 0.47 per cent, the…

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27

Aug

By The Press Editor

Business

Master Plan 2047: Here’s what it means for homebuyers and developers, experts explain

Delhi Master Plan 2047 comes at a time when the capital’s housing market is being shaped by sustained demand and limited scope for conventional expansion. The plan seeks to address both through redevelopment within existing neighbourhoods and planned growth on the city’s periphery. Its impact, however, is likely to emerge over time as these provisions translate into projects. 40 lakh homes & expanded infrastructure At its core, the plan envisages around 40 lakh new affordable homes, with housing supply expected to come through redevelopment, transit-oriented development and other initiatives. Nearly 200 sq km of planned urban expansion under the land…

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27

Aug

By The Press Editor

Business

Are banks open or closed on August 28 in your state? Check state-wise Raksha Bandhan holiday list

Raksha Bandhan, the festival symbolising the unbreakable bond between brothers and sisters, will be celebrated with great enthusiasm across the country on August 28, 2026. Amid this festive fervour, if you need to visit the bank on August 28 to complete any work, it's important to first find out whether banks will be open in your state. In fact, banks will be closed in many states on Raksha Bandhan, while banking services will continue as normal in some. Banks to remain closed in these states According to the official holiday list of the Reserve Bank of India (RBI), banking operations…

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27

Aug

By The Press Editor

Business

15% year-to-date return: NSE SME listed consumer electronics stock in focus amid this update, details

Shares of homegrown consumer electronics brand Cellecor Gadgets are likely to be on investors' radar in the coming days. The counter started today's trading session in the red amid weakness in the benchmark indices as selling in blue-chip stocks and persistent geopolitical uncertainty weighed on market sentiment. The counter opened at Rs 33.55, down from the previous close of Rs 34.50. During the day, it touched an intraday high of Rs 34.35 and a low of Rs 33.35, down 3.33 per cent from the previous close. The market cap of the company stood at Rs 741.46 crore.  Stock to be…

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27

Aug

By The Press Editor

Business

Hy-Tech Engineers IPO GMP vs Annu Projects IPO GMP: Check subscription status and other details

India's primary market is abuzz with several initial public offerings (IPOs) currently open for subscription. Among them, the subscription window for hydraulic fitting manufacturer Hy-Tech Engineers Ltd is set to end today in a few hours. The Rs 135.73-crore IPO has received a good response from investors so far and has been subscribed 142.44 times. According to data available on the National Stock Exchange (NSE), the IPO got bids for 2,58,45,41,648 shares against 1,81,45,406 shares on offer. The portion for non-institutional investors received 299.04 times subscription. The quota for retail investors was subscribed 133.17 times and that of Qualified Institutional…

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27

Aug

By The Press Editor

Business

Global wellness real estate projected to nearly double to USD 1.1 trillion by 2029

India's luxury housing developers are increasingly designing projects around wellness rather than conspicuous consumption, betting that affluent homebuyers will pay a premium for residences that promise healthier lifestyles, preventive healthcare and better ageing. The shift marks a departure from the sector's traditional emphasis on scale, imported finishes and clubhouse amenities. Instead, developers are investing in low-density masterplans, biophilic design, clean-air systems and integrated health infrastructure as India's wealthy increasingly view homes as long-term lifestyle assets rather than purely financial investments. The trend comes as luxury housing continues to outperform the broader residential market, even as affordability pressures weigh on mass…

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27

Aug

By The Press Editor

Business

Infra stock gains in volatile market after securing NHAI toll collection contract in Tamil Nadu

Shares of infra-to-energy player Hazoor Multi Projects Limited (HMPL) opened in the green after the company announced that it has secured a contract worth Rs 193.85 crore from the National Highways Authority of India (NHAI). The counter began the trading session at Rs 20.60, up Rs 0.25, or 1.22 per cent, from the previous close of Rs 20.35 on the BSE. The stock saw buying interest despite market volatility and touched an intraday high of Rs 20.75, up 1.96 per cent from the previous close. Last seen, the stock was trading in the green at Rs 20.73.  Details of contract…

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27

Aug

By The Press Editor

Business

Gold steady around Rs 1.60 lakh per 10 grams on MCX, silver jumps amid a weaker dollar | Check city-wise rates

Rates of precious metals in futures remained steady on Thursday, August 27, 2026, supported by relatively softer crude oil prices and a decline in the US dollar. The gold October 5 contract on the Multi Commodity Exchange (MCX) opened with a gain of Rs 836 or 0.52 per cent at Rs 1,60,499 per 10 grams against the previous close of Rs 1,59,663. It gained further to touch the intraday high of Rs 1,60,898, gaining Rs 1,235 or 0.77 per cent.  On the MCX, the yellow metal futures for December 2026 were up by Rs 267 or 0.19 per cent to…

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27

Aug

By The Press Editor

Business

Mumbai Taxi fare hike from September 1, here’s how much you will have to pay now: Check details

Travelling by CNG-powered black-and-yellow taxis and auto rickshaws in Mumbai will become more expensive from September 1, 2026, as the Mumbai Metropolitan Region Transport Authority (MMRTA) has approved a fare hike. According to an official of the Regional Transport Office (RTO), the MMRTA has s approved a fare hike of Rs 2 for black-and-yellow taxis and Rs 1 for auto-rickshaws plying in the metropolitan region. The MMRTA has approved the fare revision based on the formula derived by the four-member Khatua panel for revising fares of black-and-yellow taxis and auto-rickshaws in Maharashtra. The Maharashtra transport secretary chairs the MMRTA. How…

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27

Aug

By The Press Editor

Business

27 August, 2026 Stock Market Updates: Sensex gains 103.82 points, Nifty opens above 24,250, BEL jumps 1%

Indian equity benchmark indices, the Sensex and Nifty, opened in the green amid mixed global cues as easing crude oil prices continue to improve the near-term macro backdrop for domestic equities. While the 30-share BSE Sensex added 103.82 points or 0.13 per cent to start the session at 77,576.76, the Nifty opened with a gain of 69.85 points to 24,277.60. In the last trading session, the Sensex closed at 77,472.94 and the Nifty 50 at 24,207.75. Similarly, the broader indices traded in the green in the early trading session. While the BSE Midcap Select Index was up by 50.47 points,…

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