Page 931 - Markets News
Rate sensitive shares trade mixed as RBI keeps repo rate unchanged at 6.5%
At 11:07 AM, the Nifty Bank, Nifty Auto, Nifty Realty, and Nifty Financial indices were trading less than 0.30 per cent lower each, as compared to a 0.50-per cent decline in the Nifty 50 index
 "Rate sensitive shares trade mixed as RBI keeps repo rate unchanged at 6.5%")
Godrej Consumer falls 5% as Q1 nos miss estimates; forays into pet care mkt
The fall in the stock price came after the company's June quarter (Q1FY25) numbers missed the street estimates.
 "Godrej Consumer falls 5% as Q1 nos miss estimates; forays into pet care mkt")
Alternative investments becoming more attractive to retail customers: RBI
Alternative investment avenues are becoming more attractive to retail customers, the Reserve Bank of India (RBI) said while unveiling the monetary policy on Thursday, August 08
 "Alternative investments becoming more attractive to retail customers: RBI")
Here's why Abbott India stock price surged 5% on August 8; details here
The uptick in the pharma company's stock price came after it posted a healthy set of numbers in the June quarter of financial year 2025 (Q1FY25).
 "Here's why Abbott India stock price surged 5% on August 8; details here")
Tata Motors stock rises post Moody's ratings upgrade, positive outlook
Moody's said Tata Motor's two-notch rating upgrade with a positive outlook follows the company's sustained track record in achieving revenue growth, improving profitability and reducing debt.
 "Tata Motors stock rises post Moody's ratings upgrade, positive outlook")
PSU Banks in focus: BoB, UBI among 5 stocks trading at key support levels
Shares of Bank of Baroda, Union Bank of India and Indian Bank can potentially rally up to 15% if these support levels are held; check key support and resistance levels for 5 PSU bank stocks here.
 "PSU Banks in focus: BoB, UBI among 5 stocks trading at key support levels")
TVS Supply Chain Solutions shares gains 3% on securing contract from JCB
CB has been one of TVS SCS's first few clients for more than two decades, with TVS SCS offering aftermarket warehouse services in Bhaproda, Haryana for parts distribution
 "TVS Supply Chain Solutions shares gains 3% on securing contract from JCB")
KPI Green locked in 5% upper circuit on strong Q1; profit nearly doubles
KPI Green also declared its first interim dividend of Rs 0.20 per share for FY25.
 "KPI Green locked in 5% upper circuit on strong Q1; profit nearly doubles")
BASF extends rally, gains 32% in 2 days; stock hits new record high post Q1
The company's profit rose 36 per cent year-on-year (Y-o-Y) to Rs 22.1 crore in Q1FY25, from Rs 16.1 crore in the same quarter last year (Q1FY24).
 "BASF extends rally, gains 32% in 2 days; stock hits new record high post Q1")
Shree Cement extends fall; stock down 13% in 6 days post weak Q1 results
Management indicated that cement demand would remain weak until calendar year 2024-end and expects a full recovery from Q4FY25, brokerage firm MOFSL said.
 "Shree Cement extends fall; stock down 13% in 6 days post weak Q1 results")
Ceigall India listing today: Shares debut with up to 4% premium on BSE, NSE
Ahead of its listing, the grey market premium (GMP) for Ceigall India IPO was quoted around Rs 17-18, suggesting moderate listing gains
 "Ceigall India listing today: Shares debut with up to 4% premium on BSE, NSE")
Crude Oil prices down 9% in 5 weeks on growth worries; outlook stays tepid
The overall sentiment in oil remains bearish and we expect prices to see further sell towards the support of $70 and $68 per barrel, says Mohammed Imran of Sharekhan by BNP Paribas.
 "Crude Oil prices down 9% in 5 weeks on growth worries; outlook stays tepid")
ITD Cementation up over 6% on strong June quarter show, profit zooms 92%
The uptick in the share price came after the company announced a strong set of Q1FY25 results.
 "ITD Cementation up over 6% on strong June quarter show, profit zooms 92%")
These companies reported turnaround in Q1; what lies ahead for stocks?
Zee Entertainment, PB Fintech, Delhivery among select companies to report a turnaround in the June 2024 quarter. Here's a technical outlook on select such stocks.
 "These companies reported turnaround in Q1; what lies ahead for stocks?")
Stocks To Watch Today, Aug 8: Financials, Real estate, MRF, Marico, NTPC
At 6:50 AM, GIFT Nifty futures were down 179 points, trading at 24,187.5, indicating a negative start for Indian stocks.
 "Stocks To Watch Today, Aug 8: Financials, Real estate, MRF, Marico, NTPC")
Will Sensex, Nifty rise or fall today? RBI Policy, weekly expiry in focus
All you need to know before market opens on Aug 8: Global stocks trade lower; GIFT Nifty hints at 150 pts gap-down; FIIs continue to sell; Nifty weekly expiry and RBI rate decision may set trend today
 "Will Sensex, Nifty rise or fall today? RBI Policy, weekly expiry in focus")
Nifty Energy range bound on charts, eyes breakout; trading strategy here
The Nifty Energy Index is currently exhibiting range-bound behavior, fluctuating within the bounds of 43,700 and 42,250
 "Nifty Energy range bound on charts, eyes breakout; trading strategy here")
These are top picks by Jigar S Patel of Anand Rathi for August 8
At the current juncture, ICICI Bank has found support within its previous breakout range and has maintained this level for the past three sessions.
 "These are top picks by Jigar S Patel of Anand Rathi for August 8")
Sun Pharma, Cipla among top picks by Ajit Mishra of Religare Broking
Markets experienced a breather after the recent decline, gaining over a percent, driven by strong global cues.
 "Sun Pharma, Cipla among top picks by Ajit Mishra of Religare Broking")
Sebi looks to further tighten the noose around participatory notes
Complete ban on use of derivatives; will be made to furnish granular disclosures
 "Sebi looks to further tighten the noose around participatory notes")