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The Nifty Auto index was trading 0.63 per cent down at 25394.4.

Promoters held 0.0 per cent stake in the company as of 30-Jun-2024, while FII and DII ownership stood at 8.59 per cent and 3.23 per cent, respectively.

Ramco Systems Share Price: Ramco Systems shares hit a 52-week high at Rs 455, up 6%, following the launch of Aviation Software 6.0, featuring advanced MRO and M&E capabilities.

The stock quoted a 52-week high price of Rs 2284.15 and low of Rs 1266.0.

Oil prices rose on Wednesday, recovering some losses from the previous day, as Hurricane Francine threatened U.S. output. Brent crude increased by 0.5% to $69.53 a barrel, while U.S. crude futures climbed to $66.10 a barrel. Concerns about weak global demand persist, particularly due to economic slowdowns in China and the United States.

Options traders are less wary of Indian banks, with hedging costs near January lows. Despite underperformance, private banks like HDFC and ICICI are expected to outperform as valuations reflect concerns.

With crude prices declining, companies in the paints, rubber, plastics, and chemicals sectors are poised to benefit.

​On the other hand, in the debate she has made a pretty good fight of it and had Trump on the back foot quite a bit.And, of course, American elections are not won by the rich necessarily. They are run by the mass of the people. If the mass of the people move in her direction, we could see America move slightly more towards the left which would mean that, yes, we will see more taxes and it will be slightly negative for the market. But I think at the end of the day, the market has got other issues to think about.

Farah Mourad from Equiti Group discusses the impact of falling crude oil prices on global economies. Lower oil prices benefit central banks and countries facing high inflation but pose challenges for oil-dependent nations. The article also explores the potential effects on emerging markets like India and the overall global economic growth.

The Relative Strength Index of the stock stood at 65.98 on Wednesday.