Weekend Wrap: From Adani Power to Siemens, top news and market movers this week: 25 August 2023

Updated: 26 Aug 2023, 12:39 PM IST
TL;DR.

From top news makers to market performance, here's the market wrap for the week ended 25 August 2023.

The stock market, also known as the share market, facilitates the exchange of shares between buyers and sellers.

Top News

  • SEBI, in a consultation paper, has introduced measures to oversee the association between registered intermediaries and unregistered entities, particularly fin-fluencers. The measures are designed to bolster transparency and ethical standards to establish a trustworthy financial landscape.
  • RBI has increased UPI's offline payment cap to 500 from 200, promoting wider usage. The move maintains security with a 2000 overall limit and aligns with RBI's earlier strategy for Small Value Digital Payments in Offline Mode from January 2022.
  • IPOs of Aeroflex Industries and Pyramid Technoplast got oversubscribed by 97.11 times and 18.29 times, respectively.
  • HDFC MF, Mahindra Manulife MF, Navi MF, Quant MF has launched the NFO for HDFC Technology Growth Direct Plan, Mahindra Manulife Business Cycle Growth Direct Plan, Navi S&P BSE Sensex Index Growth Direct Plan and Quant Teck Growth Direct Plan.

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Kuvera is a free direct mutual fund investing platform. Unless otherwise stated data sourced from BSE, NSE and kuvera.in.

 

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First Published: 26 Aug 2023, 12:39 PM IST