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The custom duty on gold was lowered from 15% to 6% in the Union Budget 2024 announced in July. Industry executives said in case of such a fall in customs duty, companies who had purchased inventory earlier are going to bear losses because they had to subsequently sell at a reduced custom duty.

The federal finance minister has been taking every opportunity to remind frustrated Canadians that after a bumpy pandemic recovery, the nation’s economy is actually doing a lot better.

Benchmark NSE Nifty closed 217.96 points up at 24213.3 amid buying in frontline bluechip counters.

KIOCL Ltd.(up 4.92%), Lexus Granito(India)Ltd.(up 4.66%), NMDC Ltd.(up 3.64%), Ashapura Minechem Ltd.(up 2.58%), MOIL Ltd.(up 2.33%), Madhav Marbles & Granites Ltd.(up 2.16%), The Orissa Minerals Development Company Ltd.(up 1.73%), Gujarat Mineral Development Corporation Ltd.(up 1.65%), Sandur Manganese & Iron Ores Ltd.(up 1.41%) and Pokarna Ltd.(up 0.97%) stood among the top gainers.

Revenue from operations for the period rose to Rs 2,756.8 crore, up from Rs 1,827.7 crore in the same quarter of the previous financial year, marking a 50.8% year-on-year (YoY) increase.

Varun Beverages Ltd. 1.39 per cent to Rs 585.20 in Tuesday's session as of 01:49PM (IST) even as the equity benchmark Sensex traded 281.76 points at 79064.0. Earlier in the day, the stock witnessed a gap down start to the session. The stock quoted a 52-week high price of Rs 682.84 and a 52-week low of Rs 375.20 on NSE. Around 109857 shares changed hands on the counter till 01:49PM (IST).

Zomato Ltd. traded 1.75 per cent in Tuesday's trade at 01:42PM (IST). Around 1,563,452 shares changed hands on the counter. The scrip opened at Rs 243.75 and touched an intraday high and low of Rs 244.35 and Rs 239.60, respectively, in the session so far. Shares of the company of Zomato Ltd. quoted a 52-week high of Rs 298.20 and a 52-week low of Rs 112.50.

Swiggy Limited is set to make waves with its Rs 11,000 crore IPO, positioning itself for even bigger growth in food delivery, grocery, and more. ETMarkets got the chance to sit down with Swiggy’s top leaders, Group CEO & MD Sriharsha Majety and CFO Rahul Bothra, to talk about what’s next for the brand, its unique edge in a competitive market, and where the company’s finances are headed. Let’s jump into Swiggy’s Rs 11,000 crore IPO. With everything from food delivery to Instamart, it’s a major offering. So, what’s Swiggy focusing on right now?

The Nikkei rose 1.11% to close trade at 38,474.90 points, after opening 0.58% higher.

REC Ltd. 2.45 per cent to Rs 505.45 at 01:23PM (IST) in Tuesday's trade. The stock has hit a high of Rs 518.85 and low of Rs 499.60 so far during the session. The stock had closed at Rs 518.15 in the previous session. The counter has had a total traded volume of 172882 shares so far with a value of Rs 8.80 crore on the NSE. It traded at a price-to-earnings multiple of 8.94 and a price-to-book ratio of 1.73.

Siemens Ltd. traded 0.97 per cent in Tuesday's session at 01:18PM (IST). The stock opened at Rs 6925.45 and has touched an intraday high and low of Rs 6996.95 and Rs 6820.00, respectively, during the session so far. The stock quoted a 52-week high of Rs 8129.95 and a 52-week low of 3299.75. About 4,266 shares changed hands on the counter so far.

GAIL (India) Ltd. traded 2.03 per cent up at Rs 192.10 at around 01:13PM (IST) on Tuesday. The stock had closed at Rs 196.10 in the previous session. Equity benchmark Sensex traded 317.23 points at 78465.01 around the same time.

Info Edge (India) Ltd. traded at Rs 7637.00 on BSE at 12:53PM (IST) on Tuesday, 1.11 per cent from previous close. The stock quoted a 52-week low price of Rs 4250.05 and a high of Rs 8463.00.

Crompton Greaves Consumer Electricals Ltd. traded 1.31 per cent at Rs 380.00 at 01:02PM (IST) on Tuesday, even as BSE benchmark Sensex 268.98 points to 78513.26. The stock had closed at Rs 385.05 in the previous session. The stock quoted a 52-week high price of Rs 483.65 and 52-week low of Rs 262.10, respectively. As per BSE data, total traded volume on the counter till 01:02PM (IST) stood at 158333 shares with a turnover of Rs 5.99 crore.

Cholamandalam Investment & Finance Company Ltd. 1.26 per cent to Rs 1235.25 in Tuesday's trade as of 12:58PM (IST). The stock hit a high price of Rs 1253.55 and low of Rs 1222.00 during the session.

Subscribe to enjoy similar stories. The fast-moving consumer goods (FMCG) sector is caught in a double whammy of rising input costs and an urban demand slowdown. This is eroding growth in the sales and profits of major companies in the sector.

Shree Cements Ltd. traded 0.89 per cent at Rs 24643.90 at 11:56AM (IST) on Tuesday, even as BSE benchmark Sensex 443.28 points to 78338.96. The stock had closed at Rs 24867.30 in the previous session. The stock quoted a 52-week high price of Rs 30710.15 and 52-week low of Rs 23714.05, respectively. As per BSE data, total traded volume on the counter till 11:56AM (IST) stood at 108 shares with a turnover of Rs 0.27 crore.

Samir Arora, Founder, Helios Capital, questions what is a bull run? If one can make 12-15%, is that a bull run or is it a normal run? Because bull run normally means we are growing more than the earnings and getting re-rated. Those days are over for now. We are no longer in a situation where if the earning growth is 12%, the market will go up 18% or 20% like it has done in the past. That kind of bull run, it is not. Since nothing is happening in the market, let us talk about things like cricket which are better than this boring market. Samir Arora: Losing 3-0 in cricket to New Zealand, makes it look worse than what is happening in the market. Our market does not stand out and moving away from here, we will end up talking about something even worse.

Marico Ltd. 0.78 per cent to Rs 629.90 in Tuesday's trade as of 12:00PM (IST) even as the benchmark Nifty ruled at 23851.6, 143.75 points. The scrip had closed at Rs 634.90 in the previous session. The stock quoted a 52-week low of Rs 486.75 and a high of Rs 719.80. The company quoted a market-cap of Rs 81588.21 crore on the BSE.

The stock has since been in a downtrend and is currently forming a wedge-like chart pattern.