07:34:13 PM IST, 20 October 2023
SoftBank sells 1.09% in Zomato for Rs 1,040 crore; Goldman, ADIA buy stake
Japanese tech giant SoftBank, through its affiliate SVF Growth Singapore Pte, has sold a 1.09% stake in food delivery company Zomato through block deals on Friday.According to exchange data, the transaction was executed at 111.2 per share, which valued the deal at 1,040 crore. SoftBank holds a 2.17% stake in the company, at the end of the September 2023 quarter.
07:16:11 PM IST, 20 October 2023
US stocks fall at open on elevated Treasury yields, Middle East worries
Wall Street’s main indexes opened lower on Friday as U.S. Treasury yields hovered near multi-year highs following hawkish remarks by Federal Reserve Chair Jerome Powell, while the Middle East conflict kept investors jittery.The Dow Jones Industrial Average fell 48.90 points, or 0.15%, at the open to 33,365.27.The S&P 500 opened lower by 4.15 points, or 0.10%, at 4,273.85, while the Nasdaq Composite dropped 28.40 points, or 0.22%, to 13,157.77 at the opening bell.
06:49:32 PM IST, 20 October 2023
Tech View: Move above 19,650 could trigger short covering. What traders should do next week
Nifty on Friday ended 82 points lower to form a Doji candle on the daily chart and a long bear candle with an upper shadow on the weekly timeframe.The short-term trend of the Nifty remains negative. A slide below the immediate support of 19,480 could drag Nifty towards another important support of 19,350 levels in the near term….
