Stock Market LIVE Updates: Smallcaps bounce back. PSU banks, metals
Domestic equity benchmarks started Tuesday’s session on a strong note amid buying interest across sectors. Tata Steel, ONGC, Hindalco, NTPC and Tech Mahindra were among top blue-chip performers. On the other hand, Asian Paints, Maruti, HDFC, Kotak Bank and Nestle were among top losers.
!1 New UpdateClick here for latest updates
Financials, RIL help Sensex reclaim Mt 56K
Lupin launches branded generic alternative to Fostair in UK
Price as on 24 Aug, 2021 02:24 PM, Click on company names for their live prices.
Stock Screener
Search, Select & Invest in Top Stocks
MSCI CEO dismisses concern that Chinese stocks are ‘uninvestable’
MSCI’s optimism on China stands in contrast to some investors who have called the nation’s stock market “uninvestable.” Regulatory uncertainty wiped off about $1 trillion from the market value of local stocks listed globally last month, with sharp declines in sectors including online gaming, live streaming and liquor.
Weak demand expectations from China due to production cuts, a rise in Delta variant viruses, and worries that US Fed will start tapering later this year led to a fall in iron ore prices. The domestic steel demand is likely to be strong on account of the government’s thrust on infra spending. Companies are in a better position supported by a substantial improvement in margins and profitability over the last several quarters. A near-term consolidation is likely in the sector while the long-term outlook remains strong
– Vinod Nair, Head of Research at Geojit Financial Services
Tata Consumer Products launches Himalayan Water in UK market
Price as on 24 Aug, 2021 01:38 PM, Click on company names for their live prices.
Candle Screener
Discover & screen trade opportunities
Sebi empanels 16 entities to conduct forensic audit
Markets regulator Sebi has empanelled as many as 16 entities — including BDO India, Ernst & Young and Deloitte Touche Tohmatsu India — for conducting forensic audits of financial statements of listed companies as part of efforts to curb frauds.
We have seen input cost increase but output prices actually have remained very tepid. There is a big gap between the imported price pressures and what the domestic price pressure story is telling
– Rahul Bajoria, Chief India Economist at Barclays
After steep decline, these multibaggers aren’t in ‘August’ company
Top gainers and losers in IT pack
Price as on 24 Aug, 2021 12:23 PM, Click on company names for their live prices.
Japanese shares end higher as tech tracks Wall Street’s gain
Japanese shares closed higher on Tuesday, tracking overnight gains on Wall Street, as heavyweights SoftBank Group and other technology stocks jumped along with energy and transport sectors. The Nikkei share average ended up 0.87% at 27,732.10, while the broader Topix gained 1% to 1,934.20.
Bajaj Finserv gets SEBI nod to sponsor mutual fund; stocks hits 52-week high
Price as on 24 Aug, 2021 11:49 AM, Click on company names for their live prices.
India’s GDP likely to grow at 18.5%…
Read More: Stock Market LIVE Updates: Smallcaps bounce back. PSU banks, metals