Latest Stock Market News

"The overall strategy for us will eventually be that like our global company, we will also become a fully electric car company but that is a span of 10 years that we have to cover from now till it happens in 2033. But we will move in that direction. We always have a top-down strategy where we always try to bring the products which are the best in class."

The F&O contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market-wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%.

From the Sensex pack, Power Grid, JSW Steel, Tata Steel, NTPC, and Wipro opened with gains, while M&M, Bajaj, Finserv, Reliance Industries, and Maruti opened with cuts.

On the weekly options front, the maximum Call OI is placed at 19400 and then towards 19500 strikes while the maximum Put OI is placed at 19300 and then towards 19200 strikes.

GQG Partners recently raised bets in two non-Adani companies in July and August and invested around Rs 3,382 crore for acquiring stakes in JSW Energy, and Patanjali Foods, aside from buying additional stakes in Adani Ports and Adani Power.

The latest inflation print in the U.S. and Federal Reserve minutes reversed the belief that we are pretty much at the peak of the interest rate cycle. That seems to put on hold further inflows from coming.

A total of 1,761,132 shares changed hands on the counter till 10:00AM (IST)

Gold futures are down 2% or Rs 1,193 on the month-to-date basis while up 6.10% or Rs 3,358 on the year-to-date basis, Anuj Gupta, Head Commodity & Currency at HDFC Securities told ETMarkets. As for Silver futures, the declines are to the tune of 6.88% or Rs 5,192 in August while the gains this year stand at 1.18% or Rs 822, he said.

"Jio Financial Services will be able to do well despite entering a highly competitive space with established players on both the banking and NBFC sides. Overall, India remains a global economy short on credit. But the value of the company is in terms of the market capitalisation not the business because there is no business per se to speak of. So, we will have to give it time."

The dollar made a gain of 0.7% on the euro last week, inched ahead on the yen and surged by more than 1% on the Antipodean currencies as U.S. Treasury yields leapt in anticipation of interest rates staying higher for longer.