The Nifty rose 1.7 per cent, or 429 points, to close at 24,835, a new record

Godrej Industries Group’s family office arm Anamudi Real Estates LLP on Friday divested a 4.4 per cent stake in realty firm Sobha Ltd for Rs 858 crore via open market transactions.
According to the exchange data, Anamudi Real Estates LLP offloaded 47.37 lakh shares, amounting to a 4.43 per cent stake in Sobha Ltd.
Shares were disposed of at an average price of Rs 1,810.44 apiece, taking the transaction value to Rs 857.70 crore.
After the stake sale, Anamudi Real Estates’ shareholding in Bengaluru-based Sobha declined to 5.57 per cent from 9.99 per cent.
Meanwhile, Mirae Asset Mutual Fund (MF), Invesco MF and Aditya Birla Sun Life MF acquired 23.09 lakh shares of Sobha.
Shares were acquired in the range of Rs 1,809.82-1,810.05 apiece, taking the combined transaction value to Rs 418.06 crore.
Details of other buyers could not be ascertained.
Sources said the Godrej Industries Group family office has sold shares in Sobha Ltd at a 10-times multiple of the original investments, inclu

Markets regulator Sebi has delved into the patterns of intraday trading, revealing a surprising new factor influencing trading performance: relationship status.
The regulator’s analysis suggests stark differences between the trading behaviours and outcomes of married and single traders, as well as between male and female traders.
The Sebi’s study, on intraday trading in equity cash segment, found that married traders tend to outperform their single counterparts in several key areas.
During the years — FY19, FY22 and FY23– examined by the regulator, the proportion of loss-makers was lower among married traders compared to single traders.
“On comparing single vs married traders group, married traders group had a higher proportion of profit-makers than single traders group across all the three years,” the study revealed.
Besides, group of married traders had lower proportion of loss-makers than single traders across years. During FY23, 75 per cent of single traders were loss-makers

Online fashion retail brand KingsCraft Online Brands on Friday said it is eyeing Rs 50 crore revenue from its newly launched e-commerce platform Underrated Club in this fiscal.
The Pune-based company, which started operations this year, also said it is looking to venture into offline segments as well with plans to set up 50 fashion retail stores across Tier-I cities under the new platform by March next year.
Bootstrapped with an investment of Rs 8 crore, the company has strategically positioned Underrated Club as a key player in the affordable luxury streetwear segment, it said.
“At URC (Underrated Club), we are redefining streetwear by combining innovation and sustainability,” Abhishek Teri, Co-founder of Underrated Club, said.
Underrated Club is set to expand its reach through a robust online presence and partnerships with plans to tie up with leading e-commerce platforms and establish a physical presence through retail partnerships, pop-up stores, and flagship stores in key …

Mallya, through an FII entity named Matterhorn Ventures, has indirectly trades in scrips of his group entities in India, thus concealing the true identity of his investments in securities market