Stock Market Highlights: Markets close lower; NIFTY50 down 0.7%, SENSEX sheds 580 points
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5 min read | Updated on August 08, 2024, 17:06 IST
SUMMARY
Benchmark indices closed lower on Thursday, with NIFTY50 down 0.7% and SENSEX shedding 580 points. In the NIFTY50 space, 41 stocks declined. LTIMindtree, Grasim and Asian Paints were among the top losers.
Bharat Forge Q1 net profit declines 18% to ₹175 crore
Bharat Forge on Thursday said its consolidated net profit declined 18% to ₹175 crore in the June 2024 quarter.
The diversified firm reported a net profit of ₹214 crore during the April-June quarter of last fiscal.
August 08, 2024, 16:17 PM
Stock Market Live Updates: Markets close lower; NIFTY50 down 0.7%, SENSEX sheds 580 points
Benchmark indices closed lower on Thursday, with NIFTY50 down 0.7% and SENSEX shedding 580 points. In the NIFTY50 space, 41 stocks declined. LTIMindtree, Grasim and Asian Paints were among the top losers.
August 08, 2024, 15:39 PM
MRF net profit dips to ₹571 crore in June quarter
Tyre maker MRF on Thursday said its consolidated net profit declined by 3% year-on-year to ₹571 crore for the first quarter ended June 30, 2024.
The company had reported a net profit of ₹589 crore in the April-June quarter of last fiscal.
August 08, 2024, 15:06 PM
Gokaldas Exports falls 7% after Q1 net profit declines 16.5%
Gokaldas Exports on Thursday plummeted 7% after the company reported a 16.5% year-on-year (YoY) decline in its Q1 net profit to ₹27.2 crore. The company’s total consolidated income for the quarter jumped 79.9% YoY to ₹939.7 crore. Shares of Gokaldas Exports were trading at ₹937.35 per share.August 08, 2024, 14:31 PM
Stock Market Live Updates: Markets trade lower; NIFTY50 down 0.6%, SENSEX sheds 440 points
Benchmark indices are trading lower on Thursday, with NIFTY50 down 0.5% and SENSEX shedding 440 points. In the NIFTY50 space, 34 stocks declined. LTIMindtree, Infosys and Grasim were among the top losers.
August 08, 2024, 13:51 PM
KPI Green Energy hits 5% upper circuit on strong Q1 results, net profit doubles to ₹66 crore
KPI Green Energy Ltd shares hit the 5% upper circuit on Thursday, August 8, after the company reported stronger-than-expected earnings for the quarter ended June 2024 (Q1FY25). Read more.August 08, 2024, 12:56 PM
India's forex reserves at record high of USD 675 billion: Das
The country's forex reserves touched a record high of USD 675 billion on August 2, Reserve Bank Governor Shaktikanta Das said on Thursday.
The previous all-time high for the kitty was USD 670.857 billion on July 19 this year, and the last reported reserve was USD 667.386 billion as on July 26.
Das said overall, the country's external sector "remains resilient" as indicated by an improvement in key indicators.
August 08, 2024, 12:36 PM
Phoenix Mills subsidiary acquires land parcel in Coimbatore worth ₹370.17 crore to develop premium retail destination
Phoenix Mills announced on Wednesday that it had completed the acquisition of a prime city-centric land parcel in Coimbatore, Tamil Nadu, for the development of a premium retail destination. Shares of the firm were trading 0.18% higher on Thursday. Read more.August 08, 2024, 11:45 AM
Ceigall India shares debut with nearly 4.5% premium
Shares of infrastructure company Ceigall India Ltd on Thursday listed with a premium of nearly 4.5% against the issue price of ₹401.
The stock started the trade at ₹413, reflecting a gain of 2.99% from the issue price on the BSE. Later it jumped 5.98$ to ₹425.
August 08, 2024, 11:15 AM
RBI maintains status quo for 9th time in a row; retains repo rate at 6.5%
The Reserve Bank of India on Thursday decided to keep the policy rate unchanged for the ninth time in a row, saying food inflation remains stubborn.
The rate increase cycle was paused in April last year after six consecutive rate hikes, aggregating to 250 basis points since May 2022.
August 08, 2024, 10:38 AM
Rupee trades in narrow range against US dollar ahead of RBI monetary policy outcome
The rupee witnessed range-bound trading in initial deals against the US dollar on Thursday, ahead of the Reserve Bank of India's monetary policy outcome.
Market participants are awaiting cues from the central bank's observation of recent events and its observations on food inflation which continues to remain high.
August 08, 2024, 10:17 AM
BSE SENSEX: Winners and losers at 9:49 am
August 08, 2024, 09:50 AM
Markets open lower; NIFTY50 down 0.2%, SENSEX sheds 200 points
Benchmark indices opened lower on Thursday, with NIFTY50 down 0.2% and SENSEX shedding 200 points. In the NIFTY50 space, 33 stocks declined. Infosys, Shriram Finance and JSW Steel were among the top losers.
August 08, 2024, 09:21 AM
Stock Market Live Updates: GIFT NIFTY hints negative start, Asian markets trade in red
The GIFT NIFTY is down 0.7%, pointing to a negative start for the NIFTY50 today. Meanwhile, other Asian markets are also trading in the red. Japan's Nikkei 225 is down 1.1% and Hong Kong's Hang Seng Index is down 1.2%.
August 08, 2024, 09:08 AM
