Sensex sinks 677pts, Nifty nears 19,500 amid global rout; all sectors bleed

CLOSING BELL on August 2, 2023: Equity markets roiled under global pressure on Wednesday after rating agency Fitch downgraded credit rating of the US

8:31 AM

Buyout impact, margin worries likely to cap gains for Maruti Suzuki

The stock of the country’s largest passenger vehicle maker, Maruti Suzuki India (MSIL) was down 1.06 per cent in trade on margin pressures in Q1FY24, mixed market share outlook, and earnings impact due to the buyout of Suzuki Motor Gujarat. READ MORE

8:25 AM

Hero MotoCorp and Bajaj Auto's July two-wheelers sales in slow lane

Hero's domestic sales dropped by 12.18 per cent YoY to 391,310 units. Bajaj's domestic sales dropped 13.62 per cent YoY in July. READ MORE

8:23 AM

Gold price rises Rs 160 to Rs 60,440, silver price jumps Rs 1,000

The price of 22-carat gold rose Rs 150 with the yellow metal selling at Rs 55,400. READ MORE

8:18 AM

Nifty holding above key DMAs, to make new high on breakout from this hurdle

Nifty is bullish as it has been holding above 20,50 and 100 DMAs, says Vinay Rajani, gives buy calls on Voltamp and Kalyani Steels. READ MORE

8:15 AM

Sideways trend in Nifty FMCG, Private Bank index; Check key levels to watch

Nifty Private Bank index to face resistance between 23,550-23,650; Nifty FMCG remains range-bound, says Ravi Nathani. READ MORE

8:10 AM

FIIs offloaded Rs 92 crore worth of equities on August 1

8:08 AM

Gift Nifty signals a somber start to Wednesday's trade

8:01 AM

Bitcoin catches above $29,500-levels, up 3%

7:55 AM

Brent Crude above $85 per barrel on tightening supplies

source: oilprice.com

7:48 AM

US dollar index hovers around 102-mark

7:45 AM

Party over? If overweight, pare exposure to US technology companies

Allocation to it should not exceed 25% of your total exposure to country's market. READ MORE

7:38 AM

Nomura shares skid most in 2 years on lower-than-estimated profit

7:35 AM

Fitch downgrades US credit rating to AA+, Treasury calls it 'arbitrary'

Fitch downgraded the United States to AA+ from AAA, citing fiscal deterioration over the next three years and repeated down-the-wire debt ceiling negotiations. READ MORE

7:33 AM

Hang Seng index makes a muted start, sheds 0.3%

7:27 AM

Japan's Nikkei 225 index declines 1.3% in early trades