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GAIL (India) Ltd. dropped 3.29 per cent to Rs 116.35 at 01:14PM (IST) in Wednesday's trade. The scrip hit a high of Rs 120.55 and low of Rs 115.85 so far during the session.

SBI Cards and Payment Services Ltd. traded 2.04 per cent down in Wednesday's trade at 01:24PM (IST). Around 27,690 shares changed hands on the counter.

Bharat Forge Ltd. traded 2.26 per cent down in Wednesday's trade at 12:38PM (IST). Around 28,126 shares changed hands on the counter.

Narendra Modi on Wednesday met with top ministers to discuss the government's strategy in both the houses. As per the sources close to ANI, Amit Shah, Rajnath Singh, Pralhad Joshi, Piyush Goyal, Anurag Singh Thakur, Nitin Gadkari, Nirmala Sitharaman and Arjun Ram Meghwal were present at the meeting. The meeting comes on the same day as Leader of Opposition in the Rajya Sabha, Mallikarjun Kharge, led a 21-member delegation of MPs from I.N.D.I.A to meet President Droupadi Murmu at Rashtrapati Bhavan .

Launched in October 2018, Mint’s macro tracker provides a monthly comprehensive report on the state of the economy, based on trends in 16 high-frequency indicators. For each indicator, the value in each month is assigned a colour-coding (red, amber and green) to denote where it lies relative to the five-year average (worse, in line, or better).

cold beverages including soft drinks, squashes, powdered mixes and packaged juices have witnessed a growth of 47% in May as against 38% in 2019, a survey showed. In-home penetration refers to the number of households in the survey that consumed the product. Average household consumption of soft drinks too has gone up to just over 7 litres annually from 6.5 litres in 2019, reports TOI. This 47% in-home penetration, according to marketing data and analytics company Kantar, which shared the household panel data exclusively with TOI, is significantly better than any 12-month period before the pandemic. «Whatever struggle the sector faced in the summers of 2020 and 2021 was wiped out by strong performance in 2022 and a reasonably good 2023. There have been important strides that the category made from a purchase standpoint, with increasing trips and quantity signifying a deepening habit,» said K Ramakrishnan, MD, south Asia, Worldpanel division at Kantar. Moreover, families are shopping more frequently for soft drinks. Households are buying bottled soft drinks 6.5 times (average) annually as against 5.5 times in 2019, showing that the habit is now well entrenched.

Oberoi Realty, part of the realty space, gave a breakout from a ‘rounding bottom’ pattern on the daily charts last week which has opened room for the stock to head towards Rs 1,200 levels, suggest experts. The stock broke out from the neckline of the rounding bottom pattern on 27th July 2023 which was placed around Rs 1,088 levels. The stock touched a fresh record high of Rs 1,127 on 28th July 2023.

Metro Brands dropped 5% in early trading but later rebounded by over 5% to reach Rs 1,097 during Wednesday's intraday trade on BSE following the release of June quarter results. The company reported a consolidated profit for the June quarter at Rs 93.5 crore, down by 11.6% from Rs 105.78 crore in the same quarter last year, impacted by the weak operating margin. The total revenue of the company stood at Rs 582.52 crore, rising 14.6% from Rs 507.95 crore in the year-ago quarter.

Mid cap and small cap stocks started gaining from April. The Nifty Midcap 100 — TRI has surged by 21.75% since April. During the same period, Nifty Smallcap 100 — TRI has surged by 26.19%. At present there are around 35 schemes in the flexi cap category. Out of 35 schemes, 19 schemes have increased their allocation in mid cap stocks and 26 schemes increased their allocation in small cap stocks. Around 24 flexi cap schemes have reduced their allocation in large cap stocks.

LONDON — Market expectations are split over the Bank of England's next monetary policy move on Wednesday, as policymakers near a tipping point in their fight against inflation.

Read here: Fitch cuts US credit rating to AA+ from AAA after debt limit standoffs; White House “strongly disagrees" “Rupee is likely to appreciate today amid expectation of correction in dollar. Dollar is likely to retreat from its high after US credit rating downgrade.

Fitch cuts US credit rating to AA+ from AAA after debt limit standoffs; White House “strongly disagrees" In simple terms, credit rating shows the creditworthiness of an individual, company, or government. Different rating agencies follow different practices for assigning ratings. As per experts, for Fitch Ratings, 'AAA' rating is the best and 'AA+' is high-quality.

BYD faces an ongoing Indian investigation over allegations that it paid too little tax on imported parts for cars it assembles and sells in the country, two sources with direct knowledge of the matter said. India's Directorate of Revenue Intelligence (DRI) has alleged that China's largest electric vehicle (EV) maker, whose expansion plans have been hit by fractious relations between New Delhi and Beijing, underpaid tax of 730 million rupees ($9 million), one of the sources said. Although BYD has deposited this sum after the DRI's preliminary findings, the source added, the investigation is ongoing and could lead to additional tax charges and penalties.

Varun Beverages Ltd. traded 0.77 per cent up at Rs 806.75 at 10:00AM (IST) on Wednesday, even as BSE benchmark Sensex dropped 322.46 points to 66136.85. The stock had settled at Rs 800.6 in the previous session.

Zomato Ltd. traded 1.03 per cent up in Wednesday's trade at 10:05AM (IST). Around 460,186 shares changed hands on the counter.

Former National Australia Bank chief executive Cameron Clyne has re-emerged in the banking sector, investing in and advising a start-up, Swarm Dynamics. It makes artificial intelligence-powered software to help banks identify and resolve their cultural problems.

FTX founder Sam Bankman-Fried said Tuesday that prosecutors are wrong to seek his detention prior to trial because their arguments are built on «innuendo, speculation, and scant facts.» The written submission in Manhattan federal court was a response to the prosecution's claim last week that no bail conditions can stop the onetime cryptocurrency power broker from trying to improperly influence the potential jury pool for his October 2 trial. Bankman-Fried, 31, has been free on a $250 million personal recognizance bond since his December extradition from the Bahamas to face charges in New York that he defrauded investors in his businesses by diverting millions of dollars from their intended purpose.

dollar struggled to make headway on Wednesday after a cut on the U.S. government's top credit rating by Fitch raised questions about the country's fiscal outlook, though it drew some support from a relatively resilient run of economic data. Rating agency Fitch on Tuesday downgraded the United States to AA+ from AAA in a move that drew an angry response from the White House and surprised investors, coming despite the resolution two months ago of the debt ceiling crisis.

Asian stocks traded lower while U.S. Treasury yields declined on Wednesday, after ratings agency Fitch unexpectedly downgraded the United States' top-tier sovereign credit rating.MSCI's broadest index of Asia-Pacific shares fell 0.5%. Japan's Nikkei slid by 1.2%, while Australian shares edged down 0.5%.

Gold prices edged higher on Wednesday as the U.S. dollar and Treasury yields were bogged down after Fitch downgraded the country's credit rating, souring confidence in the economy ahead of key data due this week. FUNDAMENTALS * Spot gold was up 0.2% at $1,948.43 per ounce by 0122 GMT, while U.S.

GST) revenue maintained the recent robust pace of growth, rising 11% from a year earlier to ₹1.65 lakh crore in July, showed data released on Tuesday. Other high-frequency indicators available for July indicated the economy has carried over the strong first-quarter momentum into the second quarter. Automobile companies reported their best-ever July despatches, sending 352,500 cars to dealerships, a 3.1% rise from a year earlier.