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

9:42 AM

These companies reported turnaround in Q1; what lies ahead for stocks?

Amid the ongoing Q1 results season for the financial year 2024-25, several companies have reported a turnaround on the earnings front. Zee Entertainment and PB Fintech are among the prominent firms to report profit in the June 2024 quarter against a net loss in the year ago quarter. READ MORE

9:33 AM

ITD Cementation up over 6% on strong June quarter show, profit zooms 92%

Shares of ITD Cementation rallied as much as 6.25 per cent to hit an intraday high of Rs 513.55 per share on Thursday, August 8, 2024. READ MORE

9:29 AM

Tata Motors surges after Curvv EV launch

9:22 AM

RBI MPC policy: Repo rate in focus; what factors may influence decision?

The Reserve Bank of India is set to conclude its three-day Monetary Policy Committee (MPC) meeting on Thursday, which is largely focused on framing policies to control inflation in India. READ MORE

 

9:21 AM

Sector Update: Nifty IT, Oil & Gas down 0.8% each

9:20 AM

Broader markets trade lower

9:19 AM

Index heatmap check: Tata Motors top gainer, up about 1%

9:16 AM

Opening bell :: Sensex falls 200 pts

9:16 AM

Opening bell :: Nifty slips 50 points, opens near 24,250

9:08 AM

Pre-opening session: Sensex drops 50 points

9:08 AM

Pre-opening session: Nifty slips marginally

9:05 AM

Rupee update :: Rupee opens at 83.94/$ vs Wednesday’s close of 83.96/$

8:52 AM

Govt fast tracks visa approvals for China vendors to step up manufacturing

The Union government has introduced a streamlined, time-bound process for granting business visas to Chinese technicians involved in manufacturing projects, in response to complaints from the Indian industry.

The new guidelines from the Ministry of Home Affairs, effective from August 1, aim to expedite visa approvals for nationals from China and other countries sharing land borders with India, said a senior government official. Read more
 

8:50 AM

IPM growth disappoints in July, says Elara Securities

>>India’s pharma market (IPM) grew 6.1 per cent Y-o-Y in July 2024, below street expectations of 8-11 per cent.
>>Volumes declined 0.3 per cent Y-o-Y and price increase contributed to growth.
>>Elara expects a pick-up in market growth rate.
>>Though, estimates domestic business growth for companies will underwhelm Street expectations.        

>> The brokerage expects slight uptick in growth for IPM in FY25 compared with FY24 levels.

 

8:43 AM

Gold price dips Rs 10 to Rs 69,260, silver falls Rs 100 to Rs 81,000

Gold Price Today:The price of 24-carat gold dipped Rs 10 in early trade on Wednesday, with ten grams of the precious metal trading at Rs 69,260, according to the GoodReturns website. The price of silver fell Rs 100, with one kilogram of the precious metal selling at Rs 81,900.

The price of 22-carat gold fell Rs 10, with ten grams of the yellow metal selling at Rs 63,490. Read more