SUN Financial News

Sun TV Network on Monday fell 8% to its day’s low of Rs 837.45 on BSE after the company reported a 5% and 3% year-on-year (YoY) decline in its profit after tax (PAT) and revenue from operations respectively for the June quarter. The PAT stood at Rs 559.77 crore for Q1FY25 while the revenue from operations was reported at Rs 1312.40 crore against Rs 1349.22 crore reported in the year-ago period.

China won the women's team event in table tennis at the Paris Games on Saturday for the country's 300th gold medal in Olympic history. China beat Japan 3-0 in the final for its fifth consecutive gold in the women's team event, a feat that the men had also achieved on Friday. «Each of us went all out today and played every position well,» No. 1-ranked Sun Yingsha said. South Korea took the bronze with a 3-0 win over Germany, its first medal in the team event since the Beijing Games in 2008.

Benchmark NSE Nifty closed 250.5 points up at 24367.5 amid buying in frontline bluechip counters.

EID Parry(India)Ltd.(up 1.98%), Magadh Sugar & Energy Ltd.(up 1.13%), Rana Sugars Ltd.(up 0.81%), Dalmia Bharat Sugar and Industries Ltd.(up 0.72%), Shree Renuka Sugars Ltd.(up 0.72%), Balrampur Chini Mills Ltd.(up 0.44%), Dhampur Sugar Mills Ltd.(up 0.40%), KCP Sugar & Industries Corporation Ltd.(up 0.38%), Ugar Sugar Works Ltd.(up 0.37%) and Triveni Engineering & Industries Ltd.(up 0.30%) stood among the top gainers.

carbon emission levels to a zero.

KPI Green Energy Ltd.(up 5.00%), Neueon Towers Ltd.(up 4.96%), Indowind Energy Ltd.(up 4.93%), Suzlon Energy Ltd.(up 4.81%), Power and Instrumentation(Gujarat)Ltd.(up 2.00%), JSW Energy Ltd.(up 1.37%), Voltamp Transformers Ltd.(up 1.23%), Kalpataru Projects International Ltd.(up 0.90%), Hitachi Energy India Ltd.(up 0.55%) and KEC International Ltd.(up 0.38%) stood among the top gainers.

Beyond Meat says its revenue fell nearly 9% in the second quarter on lower demand for its plant-based burgers, chicken and other products

Kamala Harris and her running mate Tim Walz made their joint presidential campaign debut at a rally Tuesday evening in Philadelphia, kicking off their battleground state tour with an introduction from Pennsylvania Governor Josh Shapiro. With the Minnesota Governor as her pick for vice president, Harris pushed to shore up «Blue Wall» states-Wisconsin, Michigan and Pennsylvania-that Democrats need to win to keep the White House. Walz's advocacy for in vitro fertilization and child tax credits-an idea that he has used in hist state-were issues that resonated with the Democratic presidential nominee. A turbulent campaign is now set to play out as a 90-day sprint across two fronts: the Rust Belt and the Sun Belt.

Japanese automaker Nissan says it has developed a «cool paint” that can keep people inside cars cooler

Quant Small Cap Fund, the largest in the category managed by Quant Mutual Fund, increased its exposure to HFCL, Aditya Birla Fashion and Retail, Sun TV Network in July whereas reduced stakes in National Aluminium Company, Vimta Labs. In its July portfolio, the smallcap fund added 2.71 crore shares of HFCL, taking the total number of shares to 7.37 crore from 4.65 crore in June. The fund held 1.17 crore shares of Aditya Birla Fashion and Retail in June, and the total count stood at 2.94 crore in July after adding 1.77 crore shares to its portfolio. Quant Small Cap Fund added 87.12 lakh shares of Sun TV Network, which made the total number of shares in the portfolio at 93.95 lakh in July from 6.82 lakh shares in June. Around 67.79 lakh shares of Apeejay Surrendra Park Hotels were added to the portfolio.

Aditya Birla Sun Life Mutual Fund has announced the launch of Aditya Birla SL Nifty India Defence Index Fund, an open-ended index fund that replicates the Nifty India Defence Total Return Index. The new fund offer or NFO of the scheme will open for subscription on August 9 and will close on August 23. The investment objective of the scheme is to provide returns that, before expenses, match the total returns of the securities represented by the Nifty India Defence Total Return Index, subject to tracking errors.

Benchmark NSE Nifty index fell 456.21 points to 24261.5 amid selling in frontline bluechip stocks.

Domestic benchmark index NSE Nifty fell 430.21 points to 24287.5, while the BSE Sensex traded 1457.01 points down at 79524.94.

NASA has sounded the cosmic alarm as asteroid 2024 OC, an astronomical giant nearly double the size of Qutub Minar, zooms toward Earth today. NASA's Center for Near-Earth Object Studies (CNEOS) has been crunching numbers and tracking the behemoth rock, measuring a staggering 410 feet. This asteroid, dubbed 2024 OC, is set to make a dramatic close approach to our planet, skimming by at a distance of approximately 4,610,000 kilometers on August 4. While this might sound like the setup for a sci-fi thriller, fear not! Despite its grand size and proximity, NASA assures us that this celestial visitor poses no immediate threat to Earth.

Recently, Justin Sun appealed to China to rethink its approach to Bitcoin. He stated that they need to step up since rivalry with America over Bitcoin policy could benefit all coins. Meanwhile, another huge event is shaking up the crypto market: the presale of DTX Exchange (DTX) .

Shares of Granules India Ltd.(up 2.32 per cent), Divi's Laboratories Ltd.(up 1.5 per cent), Dr. Reddy's Laboratories Ltd.(up 1.11 per cent), Sun Pharmaceutical Industries Ltd.(up 0.96 per cent) and J B Chemicals & Pharmaceuticals Ltd.(up 0.78 per cent) ended the day as top gainers in the pack.

20 Microns Ltd.(up 8.57%), Pokarna Ltd.(up 7.88%) and Ashapura Minechem Ltd.(up 1.02%) stood among the top gainers.

KCP Sugar & Industries Corporation Ltd.(up 1.91%), Kothari Sugars & Chemicals Ltd.(up 0.31%), Rajshree Sugars & Chemicals Ltd.(up 0.25%), Rana Sugars Ltd.(up 0.17%) and Simbhaoli Sugars Ltd.(up 0.04%) stood among the top gainers.

Domestic benchmark index NSE Nifty fell 208.11 points to 24802.8, while the BSE Sensex traded 652.6 points down at 81214.95.

The NSE Nifty index traded 232.41 points down at 24778.5, while BSE Sensex was down 775.16 points at 81092.39 as of 10:34AM(IST)on August 02.

Granules India Ltd.(up 1.83 per cent), Zydus Lifesciences Ltd.(up 1.25 per cent), J B Chemicals & Pharmaceuticals Ltd.(up 1.07 per cent), Biocon Ltd.(up 0.92 per cent) and Sun Pharmaceutical Industries Ltd.(up 0.69 per cent) were among the top gainers.