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REC Ltd. traded 4.81 per cent down at Rs 519.4 at 01:59PM (IST) on Thursday, even as BSE benchmark Sensex gained 226.29 points to 83174.52. The scrip had closed at Rs 545.65 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 653.9 and Rs 247.85, respectively.

Arnab Banerjee, MD & CEO, Ceat, says price hikes will continue because the pass-through to the tyres per se is inadequate if cumulative price hikes from April to August are taken. Ceat has been able to pass on maybe 4%, in barely a couple of categories, but in a large number of categories, they have been able to pass on even less. The ability to pass on to OEMs is also restricted. Banerjee says price hikes will continue in September. Just wanted to begin by discussing the raw material setup. I know this is something that we have talked about earlier as well. But at the end of Q1, you were talking about how the raw material prices could increase by 5% to 6% in Q2. Now, on one hand, while the rubber prices have gone up, crude prices have come off, would you still stick with the view that the total raw material cost will be up 5% to 6% or do you think an offset is likely to happen? Arnab Banerjee: In the first quarter (Q1) raw material prices were about 5% higher than Q4 and Q2 raw material prices will indeed be higher by 4% to 5% than Q1.

Marico Ltd. gained 0.04 per cent to Rs 696.15 in Thursday's trade as of 01:24PM (IST). The stock hit a high price of Rs 702.2 and low of Rs 689.85 during the session.

Varun Beverages Ltd. traded at Rs 642.2 on BSE at 11:21AM (IST) on Thursday, down 0.65 per cent from previous close. The scrip quoted a 52-week low price of Rs 331.28 and a high of Rs 682.84.

US interest-rate cuts after the Federal Reserve reduced its benchmark by half a point and signaled more cuts coming this year. The market is now pricing in another 70 basis points worth of rate reductions at the Fed’s two remaining meetings this year, reflecting a far more aggressive stance than policymakers. Officials on Wednesday forecast just a half-point of further easing in 2024, though Chair Jerome Powell made clear that Wednesday’s decision wasn’t indicative of the pace ahead for cuts.

US Federal Reserve's Chair Jerome Powell shook the markets after their aggressive stance of a 50 basis points rate cut, the US economy is in a precarious situation. Meanwhile, the effects of the same can be easily felt in the Asia-Pacific markets as well, as they reportedly opened higher than usual, hours after the massive Fed rate cut.

Hitting the bull’s-eye on the two per cent inflation target in August was “good news” for the Bank of Canada, but it doesn’t mean the central bank’s efforts are done, according to a senior official.

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...

EV-D68 nucleic acids have been found to be rising in wastewater across the country, according to Alexandria Boehm of the WastewaterSCAN monitoring network. Epidemiologist Caitlin Rivers notes that the time coincides with AFM's traditional peak season, which is September. This virus has been associated with periodic surges in AFM incidence in the United States since 2014.

bullish trend in the international markets ahead of the US Federal Reserve interest rate decision. In the futures trade on the Multi Commodity Exchange (MCX), gold contracts for October delivery was trading higher by Rs 170, or 0.23 per cent, at Rs 73,264 per 10 grams. It had closed at Rs 73,094 per 10 grams on the exchange in the previous close on Tuesday.

Subscribe to enjoy similar stories. Emami Ltd is gearing up for a better FY25, eyeing double-digit domestic revenue growth after clocking a 4% increase in FY24. So, what’s the game plan? More focus on direct-to-consumer (D2C).

Shares of Granules India Ltd.(up 0.6 per cent) and Divi's Laboratories Ltd.(up 0.32 per cent) ended the day as top gainers in the pack.

coffee daily could significantly lower the risk of developing multiple metabolic conditions, including diabetes and heart-related issues. The research suggests that moderate coffee consumption may reduce the risk of these conditions by 40 to 50 per cent.

Ambuja Cements Ltd. slipped 0.12 per cent to Rs 622.0 in Wednesday's trade as of 11:25AM (IST). The stock hit a high price of Rs 625.8 and low of Rs 621.6 during the session.

Cummins India Ltd. slipped 0.33 per cent to Rs 3831.8 in Wednesday's trade as of 11:21AM (IST). The stock hit a high price of Rs 3866.5 and low of Rs 3825.55 during the session. The return on equity (ROE) for the stock stood at 26.02 per cent. Traded volume on the counter stood at 11:21AM shares and turnover at Rs 0.51 crore around that time. The stock of Cummins India Ltd. quoted a 52-week high price of Rs 4169.5 and 52-week low prices of Rs 1590.3, respectively.

On the BSE, Labelkraft Tech(down 15.79 per cent), Manoj Ceramic(down 11.15 per cent), Shristi Infra(down 8.11 per cent), NPR Finance(down 7.68 per cent) and Mefcom Capital(down 7.20 per cent) were among the stocks that plunged over 5 per cent during the session.

InterGlobe Aviation Ltd. 0.0 per cent to Rs 4931.1 at 11:11AM (IST) in Wednesday's trade. The scrip has hit a high of Rs 4958.0 and low of Rs 4926.0 so far during the session. The stock had closed at Rs 4931.35 in the previous session. The counter has had a total traded volume of 4312 shares so far with a value of Rs 2.13 crore on the NSE. It traded at a price-to-earnings multiple of 24.37 and a price-to-book ratio of 68.53.

Bandhan Bank Ltd.(up 2.3 per cent), HDFC Bank Ltd.(up 1.57 per cent), State Bank of India(up 1.3 per cent), ICICI Bank Ltd.(up 0.96 per cent) and IndusInd Bank Ltd.(up 0.66 per cent) were among the top gainers.

Sensex and Nifty opened on a flat note with profit booking seen in IT stocks. Oil and gas stocks were in focus as the government announced the scrapping of windfall tax on crude oil from Rs 1,850 per tonne. Bajaj Housing Finance continued to rally for the third straight day after multibagger debut and was up around 2%.

interest rate cuts almost certain in the current calendar year, non-banking lenders are poised to benefit the most, offering better risk-reward ratio in the current market conditions. The US Federal Reserve is expected to initiate a rate-cut cycle, either in its latest meeting or the following one. Once the Fed begins easing key interest rates, the Reserve Bank is likely to follow suit, aligning its monetary policy accordingly.

This is an AI-generated live blog and has not been edited by LiveMint staff. Nifty 50 Share Price Today Live Updates: The NIFTY PSE at (0.51%), NIFTY Financial Services 25/50 at (0.42%) & NIFTY200 Momentum 30 at (0.35%) are currently the top performing sectors among the Sectoral Indices. While NIFTY IT at (-1.58%), NIFTY India Digital at (-1.58%), NIFTY50 Value 20 at (-0.45%) are currently the low performing sectors Nifty 50 Share Price Today Live Updates: The Nifty 50 opened at 25402.4 (-0.06%) , -16.15 points lower than the previous closing.