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The Dow Jones Industrial Average, however, falls 9.29 points, or 0.03%, at the open to 34,499.74. Investors are cautious ahead of quarterly results from industry heavyweights through the week. Bridgebio jumps 48% at open to highest since December 2021

Sectorally, buying was seen in banks, the public sector, energy, and oil & gas stocks while selling was seen in auto, realty, and telecom stocks.

The IPO of Netweb Technologies sailed through on Day 1 on strong demand from NII and retail investors.

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Stock market update: Nifty Auto index falls 0.32%

Updated at : 2023-07-17 18:20:01

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The Nifty Auto index closed 0.32 per cent down at 15526.8.

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Gold retreated on Monday, with spot gold prices in the Delhi markets trading at Rs 59,950/10 gram, down by Rs 50 per 10 gram, taking cues from overseas markets, Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities, said.

The profit before tax (PBT) grew 9% year-on-year to Rs 248 crore in the reporting period. The company added 422 employees in the first quarter, taking the total headcount to over 12,000, with attrition dropping further to 15.6%.

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Matrix Gas and Renewables has initiated plans to raise capital through an IPO, after completing its pre-IPO fundraising through preferential allotment. Ashneer Grover, Gunavanth Vaid, and Singhvi Heritage LLP are some of the notable investors who were involved in the round. Matrix Gas and Renewables will use the funds

The S&P BSE 500 index experienced a surge, with over 280 stocks reaching their 52-week highs on July 17th, showcasing robust performance. ETMarkets handpicked ten of these stocks including 360ONE,

Both profit and revenue were slightly below the estimates. ET Now poll saw the profit figure around Rs 1194 crore, while revenue was seen at Rs 8,770 crore.

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