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Shares of Exide Industries Ltd.(up 2.17 per cent), Samvardhana Motherson International Ltd.(up 2.13 per cent), Apollo Tyres Ltd.(up 1.45 per cent), MRF Ltd.(up 1.45 per cent) and Bharat Forge Ltd.(up 1.44 per cent) ended the day as top gainers in the pack.

Benchmark NSE Nifty closed 71.36 points up at 24770.2 amid buying in frontline bluechip counters.

Read this | Tata, Vedanta, other business groups join the market upswing The analysis is based on data from the Association of Mutual Funds in India (Amfi), which classifies stocks based on guidelines from the Securities and Exchange Board of India issued in 2017. The latest categorization is derived from the average market capitalization of listed companies during the six months ended 30 June 2024.

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

«It is good if this can come up and with a good network of ports and connectivity. We are there to meet that requirement if it comes up. Second, your question was on where do we buy our ships from? We buy our ships in the second-hand market. We do not issue equity as a company and we have strict balance sheet criteria with regard to how much debt we take,» says G Sivakumar, ED & CFO, GE Shipping. I want to talk about your recently sold that older MR product tanker and took delivery of comparatively younger MR product tanker as well. Tell me, what kind of efficiencies does it really bring on the table for you with regards to financials? Also, are you anticipating any further changes in your fleet? G Sivakumar: Yes, we have been doing these transactions now for the last nine months. We have already sold out four ships, which are among the older vessels, and we have replaced them with slightly more modern ships of the same kind. This is twofold.

LTIMindtree Ltd. traded 0.18 per cent up at Rs 5718.35 at 01:34PM (IST) on Wednesday, even as BSE benchmark Sensex dropped 76.95 points to 80725.91. The scrip had closed at Rs 5707.95 in the previous session. The stock quoted a 52-week high price of Rs 6442.65 and 52-week low of Rs 4518.35, respectively. As per BSE data, total traded volume on the counter till 01:34PM (IST) stood at 21302 shares with a turnover of Rs 12.13 crore.

Bajaj Holdings & Investment Ltd. slipped 0.87 per cent to Rs 9690.1 in Wednesday's trade as of 01:29PM (IST). The stock hit a high price of Rs 9849.9 and low of Rs 9690.05 during the session.

European shares were flat on Wednesday as investors awaited the minutes of the Federal Reserve's July meeting to further gauge the mood of policymakers, while basic resources kept the index afloat. The pan-European STOXX 600 index held its ground at 512.74 points by 0711 GMT, after snapping a five-day winning streak in the previous session.

Shree Cements Ltd. rose 0.15 per cent to Rs 24770.0 in Wednesday's trade. It hit an intraday high of Rs 24882.4 and low of Rs 24681.6, respectively, during the day. The stock quoted a 52-week high price of Rs 30710.15 and low of Rs 23525.0.

TOKYO : Japan’s balance of trade fell back into the red in July, with the yen’s recent appreciation dimming the outlook for the nation’s exports. Japan posted a trade deficit of 621.8 billion yen for July, equivalent to $4.28 billion. That followed a 224 billion yen surplus in June, Ministry of Finance data showed Wednesday, and compared with the 359.1 billion yen deficit expected by economists polled by data provider Quick.

Noel Tata, Chairman of the CII Africa Committee and Chairman of TATA International Ltd. emphasized the growing need for innovative financial strategies to overcome challenges in India-Africa trade at the 19th edition of the CII India-Africa Business Conclave in New Delhi. He particularly highlighted the concept of Rupee trade as a potential solution, stating, «To address these challenges, we are exploring the concept of Rupee trade.» Tata underlined the importance of building mutual trust between financial institutions in India and Africa, stressing that this would pave the way for broader private-sector participation.

Voltas Ltd. rose 0.61 per cent to Rs 1670.0 in Wednesday's trade as of 11:42AM (IST) even as the benchmark Nifty ruled at 24704.65, up 5.81 points. The scrip had closed at Rs 1659.75 in the previous session. The stock quoted a 52-week low of Rs 800.85 and a high of Rs 1676.0. The company quoted a market-cap of Rs 55257.75 crore on the BSE.

<a href=«https://economictimes.indiatimes.com/divi» s-laboratories-ltd. data-ga-onclick=«Inarticle articleshow link click#Markets#href» target="_blank">Divi's Laboratories Ltd. gained 3.1 per cent to Rs 4868.0 in Wednesday's trade. It hit a high of Rs 4881.0 and low of Rs 4744.8 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 3979.18, while the 50-DMA was at Rs 4650.57. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Bharat Electronics Ltd. traded 0.08 per cent higher in Wednesday's session at 11:26AM (IST). The stock opened at Rs 303.15 and has touched an intraday high and low of Rs 305.7 and Rs 303.0, respectively, during the session so far. The stock quoted a 52-week high of Rs 340.35 and a 52-week low of 126.8. About 191,239 shares changed hands on the counter so far.

Tata Elxsi Ltd. gained 0.61 per cent to Rs 6967.8 in Wednesday's trade as of 11:46AM (IST). It hit a high of Rs 6994.3 and low of Rs 6917.0 during the session. The stock quoted a 52-week high price of Rs 9191.1 and a low of Rs 6406.6. The return on equity for the stock stood at 31.61 per cent. About 1,609 shares have changed hands on the counter so far.

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Genus Power Infrastructure rose 5% to its new all-time high of Rs 438.35 on BSE after the company reported that it has won orders worth Rs 3,608.52 crore for the appointment of Advanced Metering Infrastructure Service Providers (AMISPs). The orders for appointment of AMISPs also include the design of an Advance Metering Infrastructure (AMI) system with supply, installation, and commissioning with FMS of about 4.26 million Smart Prepaid Meters, system meters including DT Meters with corresponding energy accounting on DBFOOT basis.

IPO) of Orient Technologies has opened for subscription today. Ahead of the issue opening, the company raised Rs 64 crore from anchor investors. The issue, which closes on August 23, includes a fresh equity sale of Rs 120 crore and an offer for sale (OFS) of 46 lakh shares. Under the OFS, promoters Ajay Baliram Sawant, Umesh Navnital Shah, Ujwal Arvind Mhatre and Jayes Manharlal will be offloading their part stakes.

Santosh Rao, Head of Research, Manhattan Venture Partners, says more than 50 basis points rate cut by Fed would cause panic. It means the economy is deteriorating and they do not want that to happen. As long as they keep cutting rates, 25 bps, gold will be steady. But if they cut a lot, gold will go spike much higher. $3000 is in the bag at that point. What do you make of gold at $2,500? We understand that investors are looking at the Fed's rate cut decision to major escalations in the Middle East and the Russia-Ukraine conflict, but to what extent do geopolitical tensions drive these prices, and for how long will gold remain at these elevated levels? Santosh Rao: There is a fundamental shift in the way investors are looking at gold. It was a safe-haven trade in the past, but now it has become a big part of a diversified portfolio. It does move with the stock market, but not one-to-one correlation. When the stock market fell recently in the US, gold fell as well, but not as much. So, it outperformed the broader indexes.