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Aarti Industries, a manufacturer of specialty chemicals, has declined nearly 16% since its June quarter results. Despite revenue and profit growth, concerns over Chinese excess supply have led analysts to cut earnings estimates. The company continues to push forward with capex plans and long-term deals to drive future growth.

"The expectation that the Reserve Bank of India will intervene around 84 is capping decline on rupee and preventing long bets on the dollar," said a forex trader at a private sector bank.

DSP Mutual Fund has announced the merger of the DSP World Agriculture Fund into the DSP World Mining Fund, which will also undergo a name change to DSP World Mining Fund of Funds. Effective October 4, 2024, the merger aims to shift from the niche Agriculture/Nutrition theme to the more promising mining and metals sector, which has shown better long-term performance.

The stock traded at a P/E multiple of 150.47, while the price-to-book value ratio stood at 2.39.

A total of 203,950 shares changed hands on the counter till 01:49PM (IST).

​Our stance is if we get weakness, we will be constructive. But on the global front, there are lots of risks and challenges that we need to keep into mind.

On the technical charts, the RSI of the stock stood at 50.54.

"Everyone is taking a breather after a pretty hectic August in terms of market price action at least and really looking for signals on the macro side that the soft landing scenarios are in place and that central banks can begin to lower rates," said Richard Flax, chief investment officer of Moneyfarm.

Bernstein has sold Adani Ports, Bharti Airtel, and Axis Bank from its India Model Portfolio, favoring stable stocks like REC, SBI Life, and D-Mart. Despite market volatility, strong DII inflows have boosted the Nifty index by 15% YTD.

​We do not see any major upheaval in either direction negative or positive in the second half. Earnings are probably the most stable we have seen in the last two or three years.