Stock Market News: Sensex and Nifty Trending Up with IPOs and Crypto Gains
Thursday, 22 August 2024, 03:19
IPO Buzz and Crypto Gains Drive Market Activity
Stock market news reveals a dynamic shift with Sensex climbing to close 130 points higher, propelled by developments in upcoming IPOs and a surge in cryptocurrencies.
Key IPO Details
- The IPO for Ecos Mobility and Hospitality opens for subscription from August 28 to 30.
- P.B. Fintech Ltd. experiences a dramatic 110% surge as the top-performing fintech stock worldwide.
- Dabur India announces a Rs 400-crore manufacturing plant in Tamil Nadu, expanding its footprint.
Cryptocurrency Market Reaction
In a significant market reaction, Bitcoin surged 2% to $60,798, while Ethereum increased by 1.2% to $2,631 following hints of potential U.S. interest rate cuts.
Performance of Major Indices
Nikkei's gains remained limited despite closing at a three-week high due to caution ahead of upcoming speeches from central bank leaders.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.