Stock Market Highlights, Aug 8: Sensex sheds 581 pts; Nifty ends at 24,117; RBI maintains repo rates

Stock Market Highlights on Aug 8 2024: The day ended in favor of the bears as 41 out of 50 constituent stocks of the Nifty50 ended lower

1:32 PM

June quarter results :: MRF reports profit of Rs 563 crore, margins shrink

>> Net profit slips 3.3% to Rs 562.6 cr vs Rs 581.5 cr YoY

 

>> Revenue rises 12% to Rs 7,077.8 cr vs Rs 6,323.3 cr YoY

>> Ebitda rises 2.1% to Rs 1,137.8 cr vs Rs 1,114.2 cr YoY

>> Ebitda margin at 16.1% vs 17.6% YoY
 

1:23 PM

Alternative investments becoming more attractive to retail customers: RBI

"This, as I emphasised elsewhere, may potentially expose the banking system to structural liquidity issues. Banks may, therefore, focus more on mobilisation of household financial savings through innovative products and service offerings and by leveraging fully on their vast branch network," RBI governor Shaktikanta Das said. READ MORE

1:12 PM

Here's why Abbott India stock price surged 5% on August 8; details here

At the operational level, earnings before interest, tax, depreciation and amortisation (Ebitda), also known as operating profit, climbed 10 per cent year-on-year to Rs 391 crore in Q1FY25, from Rs 355 crore in Q1FY24.  READ MORE

1:03 PM

Stock Market Update :: Sensex gives up gains, again

12:54 PM

ALERT :: RBI MPC concludes press conference

12:51 PM

RBI MPC Presser: Global investment sentiment towards India is very high, says RBI Guv

>> India seen positively as an investment destination

12:46 PM

Tata Motors stock rises post Moody's ratings upgrade, positive outlook

Shares of Tata Motors were trading higher by 2.5 per cent at Rs 1,051 on the BSE in Thursday’s intra-day trade in an otherwise subdued market after Moody's Ratings on Wednesday upgraded the company's corporate family rating by two notches to Ba1 from Ba3 citing sound governance practices. The rating agency also maintained its positive outlook on all ratings. READ MORE

12:42 PM

RBI MPC Presser: Not necessary to tighten guidelines on infra financing right now, says RBI

12:34 PM

Stock Market Update :: Sensex trades at day's high

12:31 PM

RBI MPC Presser: Shift of deposit from banks to equities may create 'structural' industry changes in long term

>> Das maintains it as banks' independent decision on how to address the issue

>> The issue may create liquidity challenge in the long-term

Note: Shaktikanta Das on household deposits moving from banks to stock markets

12:24 PM

RBI MPC Presser: Food inflation's inclusion or exclusion from the CPI index is the job of NSO, says Das

12:16 PM

RBI MPC Presser: The onus of deposit growth rate is on the banks individually, says RBI Guv

12:15 PM

RBI MPC Presser: Raising of deposit rates is any bank's commercial decision, not us, says RBI Guv

12:11 PM

RBI MPC Presser: Overall growth prospects intact in the US, premature to talk of recession just yet, says Das

12:11 PM

RBI MPC Presser: Would be pre-mature to assume recession in US, says Guv Das