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The Nifty Pharma index closed 0.09 per cent down at 21562.55.

Tata Power today reported a consolidated net profit of Rs 1,189 crore for the quarter ended June 30, 2024, which was up by over 4% from Rs 1,141 crore reported by the company in the year ago period.

​So, I think that macro spasm which market in the West are going through, I think that will unwind and it will pave way for a better macro. I think the other two parts which is valuation and economic growth those are more durable in nature and the pain could persist.

Even a healthy Tuesday rebound in equities is unlikely to temper the broad unease growing across financial markets. Investors that buy and sell based on quantitative measures, such as volatility, have offloaded $130 billion of stock bets the past few weeks and that process may accelerate in the days and week ahead.

But as far as the Indian markets are concerned, it is an extremely strong market, minus the fact that the US could be going into a slowdown and it is difficult to kind of gauge the extent of the slowdown as yet but it is certainly going into a slowdown and which is going to trigger interest rate cuts from the Federal Reserve. So, minus that concern which will probably impact global-facing sectors, India is in a bull market, stay invested in India.

Sebi (Investment Advisers) norms specify the eligibility conditions for registration, obligations and responsibilities and procedure for action in case of default, Minister of State for Finance Pankaj Chaudhary in a written reply to Rajya Sabha.

Concerns about a U.S. economic slowdown and the unwinding of carry trades that used the Chinese yuan to fund long bets on the rupee have pressured the local currency this week.

State-owned power giant NTPC will seek shareholders approval to raise up to Rs 12,000 crore through issuance of Non-Convertible Debentures (NCDs/bonds) on a private placement basis in its annual general meeting on August 29.

Among Sensex stocks, HDFC Bank, Bharti Airtel, SBI, ICICI Bank, Axis Bank, and Bajaj Finance were the main drags on the index. In contrast, L&T, Reliance Industries, HUL, and HCL Tech ended in positive territory. Sector-wise, Nifty Financial Services and PSU Bank closed over 1% each. Nifty Auto, Healthcare, Consumer Durables, and Oil & Gas also ended in the red. In the broader market, Nifty Midacap100 and Nifty Smallcap100 fell 0.4% and 0.6%, respectively.