Sobha Share Price Live Updates: Shares of Sobha Ltd are making headlines following the board’s approval of a rights issue to offer and issue equity shares worth ₹2,000 crore. The price of the rights issue has been fixed at ₹1,651 per equity share, a discount of 25 percent, the firm said. The issue will open on June 28 and will close on July 4. The company reported that the trading window for Sobha’s securities is closed until June 14, 2024, in accordance with insider trading regulations. The stock trades at ₹2,162.70, up by 4.79% on the BSE and by 4.78% to ₹2,161 on the NSE at 12.40 pm.

Paytm has announced a partnership with Samsung, integrating Samsung wallet into the Paytm app

Asit C. Mehta Investment suggested that the Nifty may consolidate in the 23,000–23,500 range in the short term, with potential resistance near 23,700-23,800 levels if it remains above 23,500, while facing support near 23,000 and 22,680 levels.

Sensex, Nifty, Share Prices LIVE: Asian markets showed mixed performance on Thursday as investors reacted to the Federal Reserve’s decision to maintain its key interest rate. The Nikkei 225 index in Japan saw a modest increase of 0.15%, while the broader Topix index experienced a slight decline of 0.56%. South Korea’s KOSPI surged by 1.46%, and Australia’s S&P/ASX 200 index added 0.49%. These movements reflect investor sentiment following the Federal Reserve’s announcement, which projected only one interest rate cut for the year during the June 11-12 meeting. The markets also responded to the previous day’s record high in US stocks, with the S&P 500 and Nasdaq both reaching new closing highs. However, gains were tempered by the Fed’s conservative stance. The S&P 500 gained 0.85% to close at 5,421.14, the Nasdaq Composite rose by 1.54%, and the Dow Jones Industrial Average fell by 0.08%.

Indian output will get a small uplift in 2024 as the 50,000 bpd offshore K-G Basin Cluster-2 project ramps up and the onshore Rajasthan Basin posts a modest increase, says IEA