Alphabet shares rise 6% after Google launches new quantum chip ‘Willow’

Following the launch of Willow, Alphabet shares closed at the highest level since July 15 this year. In the past year, the tech stock has given a return of more than 38%.

Following the launch of Willow, Alphabet shares closed at the highest level since July 15 this year. In the past year, the tech stock has given a return of more than 38%.

Sensex Today | Stock Market LIVE Updates: Indian benchmark indices Nifty 50 and Sensex ended the previous trade session with minor changes. Nifty 50 closed at 24,610.05, while Sensex ended at 81,510.05.

Japanese and Australian equities slipped, while Korean shares rose. S&P 500 contracts were little changed on Wednesday following a 0.3% drop for the index in the US. Bond yields rose in the runup to the consumer price index data.

West Texas Intermediate traded above $68 a barrel after closing 0.3% higher on Tuesday, while Brent settled near $72.

Price for the ₹8,000 crore IPO of Vishal Mega Mart has been fixed between ₹74 to ₹78 per share.

Alphabet Inc. rallied as analysts applauded the Google parent’s announcement of a major development in quantum computing through the use of its Willow quantum chip.

A transaction of that magnitude would also cement SpaceX’s status as the most valuable private startup in the world, with a market capitalization rivaling some the largest public companies.

SEBI also directed them to disgorge ₹9.5 crore ‘unlawful gain’ earned from alleged unregistered investment advisory business.

SEBI will extend the optional T+0 settlement cycle to the top 500 companies by December 31, 2024. Implementation will begin with bottom 100 scrips and expand monthly.

Markets regulator Sebi on Tuesday came out with new guidelines for stock exchanges, clearing corporations and depositories to ensure robust capacity planning and realtime performance monitoring of their critical IT systems.