Latest Stock Market News

The stock rose more than 3% on Wednesday to hit a new all-time high. The shares crossed ₹10,000 apiece for the first time in a choppy trading session. On Wednesday, Maruti announced the launch of Invicto, a seven-seater upscale people mover (or multi-purpose vehicle). The vehicle is priced in the vicinity of ₹25 lakh.

The central bank said that existing arrangements between card networks and card issuers (banks and non-banks) are not conducive to the availability of choice for customers. It has called for public comments by August 4 and set October 1 as the date to implement the circular. If implemented, customers can choose their card provider either at the time of issue or any other subsequent time.

HDFC Bank will remain a part of the FTSE MPF-All World, FTSE Global Large Cap, and FTSE Emerging indices, while HDFC will be deleted from these indices

As part of its energy-transition goals, BPCL is also looking to expand its renewable power generation portfolio to 1GW by 2025 and 10GW by 2040, from 50MW currently. IOC is also looking to expand its renewable energy portfolio substantially from the current level of 238MW, and to install 10,000 electric vehicle charging stations in the next three years, from the 1,900 it has already.

The central bank has allowed 17 banks to settle trade in rupees in 18 countries and 65 vostro accounts have been opened for the purpose, RBI Governor Shaktikanta Das said in May

Tech Mahindra, a leading provider of digital transformation, consulting, and business reengineering services, witnessed a surge in its stock price, surpassing its last week high of 1132.5 and closing at 1148.

The food and FMCG segment records revenue growth of 30%+ YoY to cross Rs 1,000 crore of revenue for the quarter on a standalone basis. This has been the eighth consecutive quarter with 20%+ volume growth and 30%+ revenue growth, on YoY basis, for the segment

The merged entity’s gross advances aggregated to approximately Rs 22,45,000 crore, growth of around 13% over Rs 19,85,900 crore as of June 30, 2022.

Sino-US tensions and weak economic data from Beijing dent sentiments

While the broader Nifty50 finished at 19,398.50, higher by 9.50 points or 0.05%, the 30-stock Sensex closed at 65,446.04, down by 33 points or 0.05%