Nifty Hits 25K, Sensex Breaches 82K, Domestic Passenger Vehicle Sales Slip Amid Inventory Pile-up, GST Mop-up 3rd Highest, Tata Motors to Demerge into Two Listed Companies...
Daily Equity Dashboard
World Stock Market Indices Heat Map as on 02/08/24 at 08:10 am. (Source: CNN)
Top Local News
India to record above-normal rainfall in August and September, predicts IMD.
Nifty surpasses 25,000 mark for the first time; Sensex breaches 82,000.
Nifty hits 25,000: Next 5,000-pt rally could be led by banks, IT, autos.
Govt extends minimum public shareholding deadline for PSUs till Aug 2026.
Tata Motors' board approves proposal to demerge into two listed companies.
New milestone: GST collection rises 10.3% to third highest at Rs 1.82 trn.
India to take 75 years to reach quarter of US GDP: World Bank report.
Govt to decide on sovereign gold bond scheme continuation in September.
Softer increase in new orders, output slows down manufacturing PMI in July.
Domestic passenger vehicle sales slip amid inventory pile-up.
Gaining momentum: UPI transactions top Rs 20 trn for third straight month.
Bank of Maharashtra raises just Rs 811 crore in infrastructure bond sale.
Hero FinCorp files for Rs 3,668 crore IPO; Akums IPO subscribed over 50x.
Ola Electric IPO: E2W maker raises Rs 2,763 cr from anchor investors.
FirstCry IPO to open on Tuesday; sets price band at Rs 440-465 per share.
Pharma firm Rubicon Research files draft papers for Rs 1,085-cr IPO.
SaaS platform Unicommerce sets IPO price band at ₹102-108 a share.
Mkt regulator Sebi sets riders for university funds disclosure exemptions.
Bank of Baroda sees up to 15 percentage points LCR impact after RBI norms.
Govt to monitor prices of 16 more food items daily to stabilise rates.
Karnataka authorities have withdrawn GST tax notice, says Infosys.
Irdai levies Rs 2 cr penalty on HDFC Life Insurance for violating norms.
Godrej Agrovet signs pact to acquire Tyson's stake in Godrej Tyson Foods.
Wealth Advisors Suggest Portfolio Clean-up, in Favour of Large Caps.
Adani Enterprises board approves demerger of food and FMCG business.
Tata Motors Q1 FY25 results: Net profit jumps 74% to Rs 5,566 crore.
ITC Q1 FY25 results: Net profit down marginally, revenue rises 7.5%.
Adani Ports registers 47% jump in Q1 profit on strong cargo volumes.
Sun Pharma Q1 results: Profit zooms 40% on robust global specialty sales.
Adani Enterprises Q1 results: Net profit rises 116% to Rs 1,455 cr.
Arvind Fashions Q1 results: PAT at Rs 13.92 crore on strong revenue growth.
Emami Q1 results: PAT rises 10.13% to Rs 150.6 cr on domestic market growth.
Max Healthcare Q1 results: Net profit drops 1.6%, revenue up by 20%.
Aditya Birla Capital Q1 FY25 results: Net profit rises 16.7% to Rs 758 cr.
Zomato Q1 results: Profit jumps multifold to Rs 253 cr; revenue soars 74%.
Cognizant Q2 net rises 22% to $566 mn, revises FY24 guidance to $19.5 bn.
Steelmaker ArcelorMittal's Q2 core earnings slide but ahead of expectations.
Hero MotoCorp starts ops in Philippines, partners with Terrafirma Motors.
India becomes the largest market for Meta AI usage, says senior executive.
FMCG company Dabur rural business continues to outpace urban in Q1.
Blinkit targets 2,000 dark stores by 2026 end while profitable: CEO.
Ather Energy partners with Amara Raja for homegrown e-scooter batteries.
India's family-owned biz projected to drive 85% of GDP by 2047: McKinsey.
Money paid to BCCI is 'clean money', Riju Raveendran tells NCLAT.
Probable Fed rate cuts, geopolitical tensions add shine to yellow metal.
52 of 53 top apps in India use 'dark patterns', says ASCI study.
India, Vietnam adopt new action plan to expand strategic partnership.
Top International News
Bank of England cuts interest rates from 16-year high as inflation eases.
US weekly jobless claims highest in nearly a year amid summer volatility.
China's factory activity shrinks for first time in 9 months: PMI data.
Hamas chief's killing: Iran's Khamenei orders strike on Israel, reports NYT.
US deserves better: Harris attacks Trump after remarks on racial identity.
Meta reports better-than-expected sales in Q2, shares jump by 10%.
Toyota's profit increases 17% to $8.70 bn in Q1 but shares tumble.
Shell beats forecasts with $6.3 bn Q2 profit, but shares down by 0.5%.
Samsung chips boss Young-hyun warns of vicious cycle unless changes made.
Russia releases US journalist, other Americans in massive prisoner swap.
India wants to play a responsible role globally, says Biden admin.
Air France-KLM carrier appoints Stefan Gumuseli as GM for India-ME markets.
B'desh bans Jamaat-e-Islami and its student wing Islami Chhatra Shibir under anti-terrorism law.
What to watch out for…
Results - Titan, Hindustan Zinc, Britannia Industries, UPL, LIC Housing Finance.
US- Fed Balance Sheet; Unemployment Rate, Non Farm Payrolls, Total Vehicle Sales, Factory Orders
India- RBI’S Forex Data.
News related to Israel–Hamas conflict, Ukraine-Russia War, Inflation and Rate Cuts.
Key Highlights from Last Trading Session
Benchmark equity indices, the BSE Sensex and NSE Nifty50, settled at record closing highs on Thursday. The Sensex, after scaling an all-time high of 82,129.49 intraday, settled with gains of 126.21 points or 0.15 per cent to 81,867.55, while the Nifty50 ended 10 points above the 25,000 levels at 25,010.90. The index had hit a record high of 25,078.30 during early trade on Thursday.
The broader indices settled lower, with the MidCap and SmallCap indices being the worst hit, led by profit bookings.
Among the sectors, Media, Auto, Realty, and PSU Bank indices ended lower with a loss of up to 1.70 per cent, while FMCG, Pharma, Oil & Gas, and select financial services managed to settle in the green.
Market Data
Sources:- Moneycontrol, Economic Times, Times of India, CNBC, CNN, Business Standard and AMFI.