Stock Market Highlights: Markets close in red; SENSEX sheds 2200 points, NIFTY50 down 2.68% on weak global cues
.png)
5 min read | Updated on August 05, 2024, 16:48 IST
SUMMARY
Benchmark indices closed lower on Monday, with NIFTY50 down 2.68% and SENSEX shedding 2,200 points. In the NIFTY50 space, 45 stocks declined. Tata Motors, ONGC and Adani Ports were among the top losers.
LIC says its office in Bangladesh to remain closed till August 7
Public sector LIC on Monday said its office in Bangladesh will remain closed till August 7 amid riots in the country.
In a regulatory filing, LIC said, "The office of LIC of Bangladesh Ltd will remain closed during the period from August 05, 2024 to August 07, 2024, due to the prevailing socio-political situation in Bangladesh."
August 05, 2024, 16:32 PM
Rupee falls 16 paise to close at all-time low
Rupee falls 16 paise to close at all-time low of 83.88 (provisional) against US dollar.
August 05, 2024, 16:32 PM
Markets close in red; SENSEX sheds 2200 points, NIFTY50 down 2.68% on weak global cues
Benchmark indices closed lower on Monday, with NIFTY50 down 2.68% and SENSEX shedding 2,200 points. In the NIFTY50 space, 45 stocks declined. Tata Motors, ONGC and Adani Ports were among the top losers.
August 05, 2024, 16:32 PM
Upcoming IPOs this week: Brainbees Solutions, Unicommerce eSolutions to open for subscription
The two mainboard IPOs seek to raise a total of ₹4,470.30 crore from investors while Aesthetik Engineers IPO plans to raise ₹26.4 crore through the maiden public issue. Firstcry IPO (Brainbees Solutions Ltd) opens for subscription on August 6. Read more.August 05, 2024, 16:32 PM
Keystone Realtors Q1 profit down 45% to ₹26 crore
Keystone Realtors on Monday reported 45% decline in consolidated net profit at ₹25.82 crore for June quarter FY25 on higher expenses.
The company, which sells properties under Rustomjee brand, had posted a net profit of ₹46.97 crore for the year-ago period.
Total income increased to ₹437.20 crore during April-June period of this fiscal from ₹282.82 crore in the corresponding period of the previous year.
August 05, 2024, 16:32 PM
Adani Ports shares drop over 6% despite 9.5% YoY rise in cargo volume in July
Adani Ports and Special Economic Zone Ltd (APSEZ) shares dropped up to 4% in morning trade on Monday, August 5, despite the company reporting a strong growth in cargo volume in July 2024. Read more.August 05, 2024, 14:41 PM
Godrej Properties net debt rises 20% in June quarter to ₹7432 crore on higher capex
Realty firm Godrej Properties' net debt rose 20% during the June quarter to ₹7,432 crore mainly due to higher capital expenditure on land purchases and construction activities.
According to an investor presentation, the company's net debt stood at ₹7,432 crore at the end of the first quarter of this fiscal year as against ₹6,198 crore as on March 31, 2024. The debt-equity ratio has increased to 0.71:1 from 0.62:1 during the period under review.
August 05, 2024, 13:56 PM
Britannia shares rise 2% after healthy growth in Q1 net profit
Shares of FMCG major Britannia Industries Ltd jumped over 2% in trade on Monday, August 5, after the company's consolidated net profit jumped 10.5% to ₹505.6 crore during the June quarter, compared to ₹457.5 crore in the year-ago period. Read more.August 05, 2024, 13:21 PM
Stock Market Live Updates: SENSEX, NIFTY down over 2.8% on weak global cues
Benchmark indices are trading lower on Monday, with NIFTY50 down 2.85% and SENSEX shedding 2,340 points. In the NIFTY50 space, 46 stocks declined. Tata Motors, ONGC and Hindalco were among the top losers.
August 05, 2024, 12:30 PM
Tamilnad Mercentile Bank shares jump nearly 8%
Shares of Tamilnad Mercentile Bank (TMB) jumped as much as 7.56% to hit a high of ₹485 apiece on Monday, August 5. The lender on Saturday reported a 9.97% rise in its net profit for the April-June 2024 quarter at ₹287.29 crore on account of a rise in interest income. Read more.August 05, 2024, 11:54 AM
Investors become poorer by ₹9.51 lakh crore as markets crash
Investors' wealth eroded by ₹9.51 lakh crore on Monday morning, following a crash in equity markets where the benchmark Sensex tanked over 2,400 points, mirroring a sharp plunge in global peers.
August 05, 2024, 11:19 AM
Titan shares plunge over 4% as net profit dips amid mixed Q1 results
August 05, 2024, 10:40 AM
Market will narrow from here on, book profits, say analysts
Commenting on domestic equities, Ambareesh Baliga, an independent market analyst, told Upstox that markets had become very expensive and were moving up only because of liquidity. Read more.August 05, 2024, 10:05 AM
BSE SENSEX: Winners and losers at 9:43 am
August 05, 2024, 09:43 AM
Stock Market Live Updates: SENSEX, NIFTY tumble in early trade on weak global cues
Benchmark indices opened lower on Monday, with NIFTY50 down 1.66% and SENSEX shedding 1350 points. In the NIFTY50 space, 49 stocks declined. Hindalco, Maruti and Tata Motors were among the top losers.
August 05, 2024, 09:18 AM
Trade setup for 5 August: Will BANK NIFTY hold the 50-DMA amid global jitters?
The BANK NIFTY formed a inverted hammer candlestick pattern at the crucial support of 50-DMA. If followed by a positive close on daily time frame, the index will confirm the bullish reversal pattern, indicating further strength. However, a negative close will negate the pattern, indicating weakness. Read more.August 05, 2024, 09:00 AM
Stock Market Live Updates: GIFT NIFTY hints negative start, Asian markets fall
After a negative handover from Wall Street, the GIFT NIFTY is trading around the 24,400 mark, down 1.4% from Friday's close, signalling a weak start for Indian equities today. The other Asian markets are trading lower. Japan’s Nikkei 225 is down 3.2%, while Hong Kong’s Hang Seng index is down 1.1%.
August 05, 2024, 08:32 AM
