Stocks to watch today: Reliance Industries will hold their 45th Annual General Meeting on Monday, August 29; Tons of biscuits were destroyed after a major fire broke out at Britannia's Pantnagar plant
Last week, the Sensex and the Nifty shed over 1 per cent but were still up nearly 15 per cent from their June lows
Trading in the domestic stock market would be influenced by trends in the global equities, macroeconomic data and foreign fund movement in a holiday-shortened week, analysts said. Markets may face volatile trends on Monday after Federal Reserve Chair Jerome Powell's speech at the Fed's annual economic symposium in Jackson Hole on Friday. "Powell sounded ultra hawkish in his brief speech at Jackson Hole. Markets will be concerned about the tight monetary conditions persisting longer than expected. The near-term impact on equity markets will be negative," V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said. Federal Reserve Chair Jerome Powell delivered a stark message on Friday: The Fed will likely impose more large interest rate hikes in the coming months and is resolutely focused on taming the highest inflation in four decades. "US Fed statement post the Jackson Hole symposium indicated the central bank's strong commitment towards controlling inflation o
Ananth Narayan has been appointed for an initial period of three years
At the bourses, shares of textile stocks like KPR Mills, Welspun India, and Vardhman Textiles have tumbled up to 45 per cent so far this year.
CLOSING BELL: It was a range-bound trade on the bourses on Friday as investors awaited US Fed chief Jerome Powell's address at the Jackson Hole Symposium later tonight
Nifty P/E 82% higher than MSCI EM; up from 54% in June
In the grey market, shares of Dreamfolks Services were trading at Rs 75 per share, which implies listing at Rs 401 per share against the upper price band of issue price.
The price band has been set in the range of Rs 308 to 326 per share and will close on Friday, August 26. The public issue is entirely an offer for sale (OFS) of up to 17.24 million equity shares.
CLOSING BELL: Technically, shares of NDTV have rallied four-fold since December 2021, staging one of its biggest rally since 2007-08
CLOSING BELL: RIL, ICICI Bank, M&M, SBI, Bajaj twins, and Titan were the stocks that supported the indices
Stocks to watch today: RBL Bank approved fund raise of up to Rs 3,000 crore to fund the lender's business growth; HDFC Bank plans to raise funds worth Rs 2,500 crore through issuance of Tier-1 bonds.
Profit-booking after over 17 per cent gains in just two months added to this fall
CLOSING BELL: Tata Steel fell over 4 per cent, while Asian Paints, Wipro, L&T, Bajaj twins, Ultratech Cement, Axis Bank, Sun Pharma, Tech M, ICICI Bank, & SBI declined in the range of 2-3.5 per cent
In the past six months, the stock price of WCPM has more-than-doubled or soared 137 per cent, as against 3 per cent rise in the benchmark Sensex.
Stocks to watch today: L&T commissioned a new green hydrogen plant at Hazira in Gujarat; Future Enterprises defaults on payments of interest of two non-convertible debentures (NCDs) of Rs 12.6 crore.
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Equity markets in have sustained their recovery for two months now. However, last week's gains were erased by Friday's selloff. Can this strength extend into a sustainable long-rally
CLOSING BELL: The broad-based sell-off was led by financials including IndusInd Bank (down 4 per cent), Bajaj twins, SBI, ICICI Bank, Kotak Bank, and HDFC duo
CLOSING BELL: The recovery was led by Kotak Bank (up 4 per cent), L&T, Bharti Airtel, SBI, HDFC Bank, HDFC, and ITC