The 30-share BSE Sensex was down 293.56 points at 79174.45
Shares of Apollo Tyres dropped by 3% after it reported a 24% decline in net profit to Rs 302 crore for Q1 FY25, attributed to lower sales and higher raw material costs. Despite a 1.4% increase in revenue, EBITDA fell by 13.5%.
The Relative Strength Index of the stock stood at 72.89 on Thursday.
The Nifty Pharma index was trading 1.01 per cent up at 22258.65.
The RBI has voiced worries about the recent increase in top-up home loans, signaling a potential trend of borrowers using the funds for speculative investments, particularly in the stock market. Lenders have been urged by the central bank to remain vigilant and monitor the intended use of the top-up home loans.
Buddhadeb Bhattacharjee: Struggling with acute respiratory distress and battling a fever for the past few days, former Chief Minister of West Bengal Bhattacharjee, a COPD patient, took his final breath, leaving behind a legacy that spanned decades in Indian politics. Buddhadeb Bhattacharjee was an Indian communist politician and a former member of the Politburo of the Communist Party of India (Marxist). Serving as the 7th Chief Minister of West Bengal from 2000 to 2011, his political career spanned over five decades... Читать дальше...
A long buildup happens when open interest, trading volumes, and the price of the underlying stock rise in Futures and Options, signaling a bullish trend. On Thursday, five stocks saw fresh long positions.
The Relative Strength Index of the stock stood at 44.34 on Thursday.
The 30-share BSE Sensex was down 484.79 points at 78983.22
Members of Bangladesh's interim government, led by Nobel laureate Muhammad Yunus, are set to take their oaths tonight at 8:00 pm local time. This follows the resignation of Prime Minister Sheikh Hasina and the dissolution of the cabinet. Army chief General Waker-Uz-Zaman stated that the interim government will likely have 15 members, though their names and tenure remain undisclosed. He expressed hope for a return to normalcy within days and promised legal action against recent crimes. Yunus emphasized... Читать дальше...
Life Insurance Corporation of India (LIC) released its Q1 results, revealing anticipations of a 9-33% annual premium equivalent (APE) growth and a 37% boost in value of new business (VNB). Yes Securities estimated APE at Rs 12,705 crore and VNB at Rs 1,780 crore, showing significant year-on-year increases.
The NSE Nifty index was trading 105.25 points down at 24192.25
The Reserve Bank of India has stated that the clearance of cheques will be expedited to within a few hours. This announcement was made by the governor of the Reserve Bank of India during the Monetary Policy Committee meeting.
Vinesh Phogat has announced her retirement from wrestling following her disqualification in the 50 kg freestyle wrestling final at the Paris Olympics.
There was a notable surge in futures open interest for five stocks in the NSE F&O pack on August 7, contributing to a total increase in open interest of over 10% as compared to the previous trade.
On the technical charts, the 200-day moving average of the stock stood at Rs 4268.3.
ART Nirman, 3P Land Holdings, Rajdarshan Ind, Adhunik Industries and Symphony Ltd, hit their fresh 52-week highs at 10:49AM.
The Indian Olympic Association decided to send wrestler Antim Panghal and her support staff back to India due to a disciplinary breach during the Paris Olympics. Antim allowed her sister to use her Olympic Village accreditation, violating strict rules. This incident, along with Vinesh Phogat's disqualification and retirement, has cast a shadow over India's wrestling performance. Despite winning three bronze medals in shooting, the Indian delegation is grappling with these controversies, emphasizing... Читать дальше...
The Reserve Bank of India (RBI)-led Monetary Policy Committee (MPC) proposed several measures to speed up clearance of cheques to a few hours, said governor Shaktikanta Das, while announcing the results of the bi-monthly policy meet.
Yes, there is some amount of their money into our markets, that I understand and the turmoil may result in some amount going out. But unless that amount, which is getting sold on a daily basis crosses let us say a ballpark number of 5000-6000 crores a day, I think our markets would be fine
Reserve Bank of India (RBI) plans to create a public repository of digital lending apps to curb rising menace of illegal loan apps in India
CIBIL score: Now credit information companies like TransUnion CIBIL, etc will get credit information report from lenders on a fortnightly basis. RBI Governor said that this will help borrowers as now they will get faster updates in their credit information report. Moreover this will also help lenders too. Read below to know more.
India's foreign exchange reserves touched an all time high of $675 billion as of August 2, RBI Governor Shaktikanta Das said on Thursday during announcement of MPC decision.
Utilising digital platforms for streamlined loan applications, automated credit scoring and fast disbursement can help MSMEs bridge their credit gap, according to Manish Shah, MD & CEO of Godrej Capital.
The Reserve Bank of India raised concerns over third-party outsourcing of technology by banks and financial institutions, citing a global tech outage. RBI Governor Shaktikanta Das stressed the importance of risk management and robust business continuity plans to handle such disruptions and ensure smooth service delivery.
