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Adani Total Gas plans to invest between Rs 15,000-20,000 crore ($2-2.7bn) over the next seven to eight years to provide piped natural gas and CNG to 33 geographical areas. The company is encouraging industries and commercial consumers to convert to the cleaner fuel, said CEO Suresh Manglani. The CGD firm has 60% of its volume going to homes and transportation vehicles as CNG.

Stock market update: Nifty IT index advances 1.2%

Updated at : 2023-08-01 17:20:01

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The Nifty IT index closed 1.2 per cent up at 30288.65.

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Companies like Borosil Renewables, Nocil, Tech Mahindra, HCL Technologies, Gujarat Alkalies and Chemicals, KNR Constructions, and Coal India, showcasing strong performance in their respective sectors.

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Oberoi Realty is one of the leading real estate firms in the country. It is focused on premium developments in the residential, office space, retail, hospitality, and social infrastructure verticals.

​RSI or the relative strength index computes the ratio of the recent upward traction in the stock price movement relative to its absolute price movement​

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A company issues bonus shares to their shareholders in order to increase the liquidity of the stock as well as with the aim to decrease its stock price to make it affordable for investors.

ICICI Securities shares that earnings beats have so far trumped the misses for key indices on NSE

SBI Card shares rise 2.06% as Nifty gains

Updated at : 2023-08-01 15:20:02

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The stock quoted a 52-week high price of Rs 1028.75 and a 52-week low of Rs 690.9.

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European stocks slipped on Tuesday as weak factory activity data from Asia and some disappointing earnings stalled a rally in markets that had pushed several regional indexes to multi-year highs recently.

Hero Moto stock, which hit an over 2-year high of Rs 3,244 in early trade, erased the gains to hit a low of Rs 3,032.25 on the National Stock Exchange. The selling came on the back of strong volumes of more than 2 million shares. This was way higher than the six-month daily average volume of 6,15,362 shares.

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