Nykaa was the third largest gainer in the Nifty500, rising more than 9 percent with robust volumes after breakout of horizontal resistance trendline adjoining multiple touchpoints. The stock traded above all key moving averages.
FSN E-Commerce Ventures has on 31 August 2023, acquired 39,78,000 equity shares of Rs. 10 each at par on rights basis of FSN International, a wholly owned subsidiary of the Company. After the said acquisition, FSN International continues to be a wholly owned subsidiary of the Company.