Over 150 Indian investors to attend UAE investment summit on Aug 2
The summit will bring together over 150 curated attendees, including high networth individuals, Ultra high networth individuals, family offices, VC/PE partners, entrepreneurs, and wealth professionals, for an education-first experience, Manzil Asset Management, which is hosting the event Manzil Majlis, said in a statement.
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News18
21 minutes ago
- News18
Navi Mumbai man duped of Rs 1.47 crore in property fraud
Thane, Aug 17 (PTI) Police have registered a case against a real estate company director and two others for allegedly cheating a man of Rs 1.47 crore after promising him six flats with the amount in Navi Mumbai a decade ago, officials said on Sunday. The accused lured the 57-year-old transport firm owner from CBD Belapur in Navi Mumbai with the promises of multiple flats and collected the sum between June 2011 and January 2016, they said. The victim was assured that a formal Agreement for Sale would be executed and possession of flats would be handed over. However, no flats were provided and the money was not returned, an official from CBD Belapur plice station said. Based on the victim's complaint, the police on Friday registered a case against the real estate company director and two of his associates under the legal provisions for cheating, the official said. The police have appealed to the people to remain cautious and verify documents thoroughly before committing to property purchases. PTI COR GK view comments First Published: August 17, 2025, 10:15 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time of India
27 minutes ago
- Time of India
Trump-Putin talk, GST reform and FII action among 9 factors to impact stock markets this week
Indian benchmark indices finally ended their six-week losing spree to end 1% higher every week. A host of important domestic and global events scheduled for the week are likely to impact stock markets when they resume trading on Monday. On Thursday, Nifty closed 11.95 points or 0.05% higher to end the day at 24,631.30. The markets were closed on Friday on account of Independence Day. Commenting on the current trends Nilesh Jain, Head – Technical and Derivatives Research Analyst (Equity Research) at Centrum Broking said that markets staged a strong rebound as the Nifty index ended its six-week losing streak and formed a bullish candle on the weekly chart. The index reclaimed its 100-DMA at 24,560, which will now serve as an immediate support, he said. "Over the past month, the Nifty has struggled to cross its short-term 21-DMA at 24,770. A decisive move above this level is crucial to unlock further upside towards 25,000. The RSI has turned higher to 44, indicating improving momentum, while the MACD remains below the zero line. Although sentiment has improved, a clear confirmation of a trend reversal is still awaited." Factors that are likely to impact movement when markets reopen this week: 1. Trump-Putin talk The understanding reached between US President Donald Trump and Russian President Vladimir Putin on the Ukraine issue on Friday is expected to lift market sentiment when trading resumes on Monday. Although the two leaders stopped short of striking a deal to end the war, Putin said they had arrived at an 'understanding.' Their nearly three-hour meeting in Alaska did not produce a ceasefire, but Trump described it as a 'very good meeting,' while cautioning that 'there's no deal until there is a deal. Read more – Explained: How Nifty, Sensex may react to Trump-Putin talks and Modi's GST tax reform on Monday? 2. GST reform Prime Minister Narendra Modi's Independence Day announcement of major Goods and Services Tax (GST) reforms this Diwali could boost investor sentiment, opine experts. Speaking from the Red Fort on Independence Day, Modi on Friday announced rate cuts to be rolled out by Diwali in the GST 2.0. The PM said GST rates will be lowered on everyday-use goods as part of reforms to the eight-year-old tax regime. 3. US markets The action on Wall Street will give cues to the global markets including India. Wall Street's two major indices finished with declines while the Dow managed to remain afloat in the green. A mixed US economic data led to the souring in sentiments. While the US retail sales climbed 0.5% in July from June, the Federal Reserve's index for industrial production edged down The Dow 30 ended the session at 44,946.10, gaining 34.86 points or 0.08% while S&P 500 settled at 6,449.80, down by 18.74 points or 0.29%. The Nasdaq Composite closed at 21,623, falling by 87.69 points 0.40%. 4. Corporate Action Just about 100 companies have corporate actions lined-up this week with record dates for dividends, rights issue, stock split and bonus shares for more than 100 companies over the five-day trading week. The companies which will have record dates for the purpose of dividend are JK Paper, Jammu & Kashmir Bank, Natco Pharma, Power Grid Corporation of India, Senco Gold, Coal India, Hindustan Aeronautics (HAL), Rail Vikas Nigam (RVNL), Federal Bank, Godfrey Phillips India and Indian Railway Catering and Tourism Corporation (IRCTC). Algoquant Fintech's record date will be for the purpose of stock split, Josts Engineering Company for rights issue and Bemco Hydraulics for bonus issue. 5. IPO watch It will be an IPO heavy week as 5 mainboard issues and one SME issue will hit the Indian primary markets. In the mainboard category, Patel Retail, Vikram Solar, Gem Aromatics, Shreeji Shipping Global and Mangal Electrical Industries will launch their public issues. In the SME segment, Studio LSD will launch its IPO and the stock will get listed on the NSE Emerge platform. Also Read: Vikram Solar, 5 other IPOs to open next week. Here's what GMPs suggest 6. FII / DII Action Market actions will rely on how foreign institutional investors (FIIs) behave. Foreign Institutional Investors (FIIs) sold shares worth Rs 10,173 crore last week. On Friday, FIIs outflows stood at Rs 1,926.8 while the domestic institutional investors were net buyers at Rs 3,896 crore. In 2025 so far, FIIs have sold shares worth Rs 1,16,617 crore. lso Read: FIIs sell Indian equities worth Rs 20,975 crore in August so far. Can Trump-Putin's Ukraine 'understanding' reverse trends? 7. Technical Factors Santosh Meena, Head of Research at Swastika Investmart said that the extreme oversold conditions and supportive global cues lifted investor sentiment though momentum remained muted due to persistent foreign outflows. Broader markets staged a recovery across sectors, led by pharma and auto stocks, though FMCG lagged, he added. From a technical standpoint, the Nifty has established a strong base at the 24,350 level, forming a bullish engulfing candlestick pattern on the weekly chart, Meena said. "The immediate resistance lies at the 20 and 50-day moving averages (DMAs) clustered around 24,700-24,800. A decisive break above this level could trigger a short-covering rally towards 24,950, 25,080, and 25,225. Immediate support is at the 100-DMA of 24,575, with the crucial support level remaining at 24,350," he added. 8. Rupee Vs Dollar The rupee closed at 87.5500 against the U.S. dollar, softer than Wednesday's close of 87.4400, navigating a choppy session that saw it swing between 87.39 and 87.67. The currency unit touched 87.8850 last week after Trump's tariffs salvo, with the Reserve Bank of India stepping in to prevent the rupee from breaching the all-time low of 87.95 - a level bankers believe the central bank will continue to defend. "In the shorter term, we may see some relief on the ratings upgrade, but the rupee is still not out of the woods as trade uncertainties persist and broad economic indicators are still weak," said Dilip Parmar, currency analyst at HDFC Securities. 9. Crude Oil Crude oil prices cooled on Friday in light of the Trump-Putin meeting. Moreover, quoting analysts Reuters reported that premiums for prompt benchmark oil prices globally are falling compared with those in future months on rising output from the Middle East, Latin America and Europe, just as peak summer demand ends. The US WTI oil contracts ended at $63.14, down by $0.82 or 1.28% while Brent oil futures were hovering near $65.85, higher by $0.71 or 1.06%. (Inputs from agencies)
Economic Times
40 minutes ago
- Economic Times
Trump-Putin talk, GST reform and FII action among 9 factors to impact stock markets this week
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads 3. US markets 4. Corporate Action Tired of too many ads? Remove Ads 5. IPO watch 6. FII / DII Action 7. Technical Factors 8. Rupee Vs Dollar 9. Crude Oil Indian benchmark indices finally ended their six-week losing spree to end 1% higher every week. A host of important domestic and global events scheduled for the week are likely to impact stock markets when they resume trading on Thursday, Nifty closed 11.95 points or 0.05% higher to end the day at 24,631.30. The markets were closed on Friday on account of Independence on the current trends Nilesh Jain, Head – Technical and Derivatives Research Analyst (Equity Research) at Centrum Broking said that markets staged a strong rebound as the Nifty index ended its six-week losing streak and formed a bullish candle on the weekly chart. The index reclaimed its 100-DMA at 24,560, which will now serve as an immediate support, he said."Over the past month, the Nifty has struggled to cross its short-term 21-DMA at 24,770. A decisive move above this level is crucial to unlock further upside towards 25,000. The RSI has turned higher to 44, indicating improving momentum, while the MACD remains below the zero line. Although sentiment has improved, a clear confirmation of a trend reversal is still awaited."Factors that are likely to impact movement when markets reopen this week:The understanding reached between US President Donald Trump and Russian President Vladimir Putin on the Ukraine issue on Friday is expected to lift market sentiment when trading resumes on Monday. Although the two leaders stopped short of striking a deal to end the war, Putin said they had arrived at an 'understanding.' Their nearly three-hour meeting in Alaska did not produce a ceasefire, but Trump described it as a 'very good meeting,' while cautioning that 'there's no deal until there is a more – Explained: How Nifty, Sensex may react to Trump-Putin talks and Modi's GST tax reform on Monday? Prime Minister Narendra Modi's Independence Day announcement of major Goods and Services Tax (GST) reforms this Diwali could boost investor sentiment, opine experts. Speaking from the Red Fort on Independence Day, Modi on Friday announced rate cuts to be rolled out by Diwali in the GST 2.0. The PM said GST rates will be lowered on everyday-use goods as part of reforms to the eight-year-old tax action on Wall Street will give cues to the global markets including India. Wall Street's two major indices finished with declines while the Dow managed to remain afloat in the green. A mixed US economic data led to the souring in sentiments. While the US retail sales climbed 0.5% in July from June, the Federal Reserve's index for industrial production edged downThe Dow 30 ended the session at 44,946.10, gaining 34.86 points or 0.08% while S&P 500 settled at 6,449.80, down by 18.74 points or 0.29%. The Nasdaq Composite closed at 21,623, falling by 87.69 points 0.40%.Just about 100 companies have corporate actions lined-up this week with record dates for dividends, rights issue, stock split and bonus shares for more than 100 companies over the five-day trading companies which will have record dates for the purpose of dividend are JK Paper, Jammu & Kashmir Bank, Natco Pharma, Power Grid Corporation of India, Senco Gold, Coal India, Hindustan Aeronautics (HAL), Rail Vikas Nigam (RVNL), Federal Bank, Godfrey Phillips India and Indian Railway Catering and Tourism Corporation (IRCTC).Algoquant Fintech's record date will be for the purpose of stock split, Josts Engineering Company for rights issue and Bemco Hydraulics for bonus will be an IPO heavy week as 5 mainboard issues and one SME issue will hit the Indian primary markets. In the mainboard category, Patel Retail, Vikram Solar, Gem Aromatics, Shreeji Shipping Global and Mangal Electrical Industries will launch their public the SME segment, Studio LSD will launch its IPO and the stock will get listed on the NSE Emerge Read: Vikram Solar, 5 other IPOs to open next week. Here's what GMPs suggest Market actions will rely on how foreign institutional investors (FIIs) behave. Foreign Institutional Investors (FIIs) sold shares worth Rs 10,173 crore last week. On Friday, FIIs outflows stood at Rs 1,926.8 while the domestic institutional investors were net buyers at Rs 3,896 2025 so far, FIIs have sold shares worth Rs 1,16,617 Read: FIIs sell Indian equities worth Rs 20,975 crore in August so far. Can Trump-Putin's Ukraine 'understanding' reverse trends? Santosh Meena, Head of Research at Swastika Investmart said that the extreme oversold conditions and supportive global cues lifted investor sentiment though momentum remained muted due to persistent foreign outflows. Broader markets staged a recovery across sectors, led by pharma and auto stocks, though FMCG lagged, he a technical standpoint, the Nifty has established a strong base at the 24,350 level, forming a bullish engulfing candlestick pattern on the weekly chart, Meena said. "The immediate resistance lies at the 20 and 50-day moving averages (DMAs) clustered around 24,700-24,800. A decisive break above this level could trigger a short-covering rally towards 24,950, 25,080, and 25,225. Immediate support is at the 100-DMA of 24,575, with the crucial support level remaining at 24,350," he rupee closed at 87.5500 against the U.S. dollar, softer than Wednesday's close of 87.4400, navigating a choppy session that saw it swing between 87.39 and 87.67. The currency unit touched 87.8850 last week after Trump's tariffs salvo, with the Reserve Bank of India stepping in to prevent the rupee from breaching the all-time low of 87.95 - a level bankers believe the central bank will continue to defend."In the shorter term, we may see some relief on the ratings upgrade, but the rupee is still not out of the woods as trade uncertainties persist and broad economic indicators are still weak," said Dilip Parmar, currency analyst at HDFC oil prices cooled on Friday in light of the Trump-Putin meeting. Moreover, quoting analysts Reuters reported that premiums for prompt benchmark oil prices globally are falling compared with those in future months on rising output from the Middle East, Latin America and Europe, just as peak summer demand US WTI oil contracts ended at $63.14, down by $0.82 or 1.28% while Brent oil futures were hovering near $65.85, higher by $0.71 or 1.06%.(Inputs from agencies)(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
