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Stocks that were in focus include names like Paytm, which fell 3.14%, Nucleus Software, which declined 6.04%, and Aarti Drugs, whose shares jumped 6% on Thursday.

Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...

The average rate on a 30-year mortgage eased this week to its lowest level in 15 months

The absence of any sovereign gold bond (SGB) issuances lately has led to a buzz that the government might discontinue this instrument. The issue and redemption price of these bonds are linked to those of gold so as to wean buyers away from physical purchases of the foreign exchange-draining yellow metal.

Breakout stocks to buy or sell: Following the positive global market cues on the US Fed rate cut buzz, the Indian stock market ended higher for the sixth straight session on Thursday. The Nifty 50 index added 41 points and closed at 24,811. The BSE Sensex finished 147 points higher at 81,053, whereas the Bank Nifty index went up 300 points and ended at 50,985.

Kellogg Co, is struggling with low sales growth and profit in India, a market that prefers traditional or savoury breakfast compared to its ready-to-eat cornflakes and muesli alternatives. For FY24, the American food company reported one of its slowest sales growth in a decade at 4% to ₹1,610 crore, with a net profit decline of 19% to ₹97 crore, as per its filing with the Registrar of Companies. A year ago, it had sales of ₹1,554 crore with net profit of ₹119 crore. Last week, chocolate maker Mars agreed to buy Kellanova for nearly $36 billion. «Cornflakes is on a decline as a category and for Kellogg, the segment accounts for the bulk of the sales. While the company has been driving sales of other products such as oats and muesli, competition is intense in these segments,» said an industry executive, who did not wish to be named. In India, Kellogg started its first manufacturing plant in 1994. Its second unit opened in 2016, followed by a research and development centre to develop breakfast products for India and other emerging markets in the Asia-Pacific. Four years ago, the company that globally relies on western style breakfast options, launched Indian options including upma in select markets to widen its consumer base, a strategy which has not worked yet.

Sam is a financial journalist with a focus on cryptocurrency market news, based in London. With a Master’s Degree in Development Management from the London School of Economics, Sam’s passion for...

Harvey Hunter is a Junior Content Creator at Cryptonews.com. With a background in Computer Science, IT, and Mathematics, he seamlessly transitioned from tech geek to crypto journalist.

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The United States Court of Appeals for the Second Circuit has partially reinstated a securities fraud lawsuit brought by Michael Rothenberg’s NY-based Moab Partners, L.P. against Macquarie Infrastructure Corporation (MIC) and several of its executives. The case, which has seen multiple rounds of appeals, was remanded back to the district court for further proceedings after a ruling from the Supreme Court.

Jill Biden at the 2024 Democratic National Convention in Chicago garnered attention for her footwear selection. Biden arrived at the conference on Monday wearing a stunning pair of pointed footwear that soon became the center of attention, as per the reports of Yahoo entertainment. Ralph Lauren's sparkling blue minidress, which Jill Biden wore with a statement pair of silver shoes, was the talk of the occasion. The sharp, triangular shape of these pumps stood out against the blue color of her dress, highlighting her entire look. The heels are believed to be the Jimmy Choo Romy 85 Glitter Pumps, though this has not been formally confirmed. They are estimated to be between three and four inches tall. The coarse glitter fabric and leather construction of these shoes, which retail for about $825, give her entire ensemble a more sophisticated touch.

Nifty ended Thursday’s weekly expiry 41 points higher and formed a higher high-higher low formation for the fifth consecutive session. The daily charts saw the formation of a bearish candle as the index closed lower than its opening level. Now, Nifty has to continue to hold above the 24,700 zone to extend the move towards 25,000 and 25,100 zones whereas supports are placed at 24,700 then 24,550 zones, said Chandan Taparia of Motilal Oswal.

Monetary Policy Committee (MPC) meeting on Friday, highlighting that the headline inflation has seen upward movement in June to 5.1 per cent, as food inflation pressures increased and offset the impact of subdued core (CPI excluding food and fuel) inflation and deflation in the fuel group. On future indicators, the central bank said in its statement that headline inflation in July and Q2 of the current financial year are expected to be lower, given their base effect advantage; but with food inflation pressures showing little signs of abatement in the near-term, and household inflation expectations picking up, monetary policy has to remain vigilant to potential spillovers of food price pressures to the core components. «This is critical for the ‘last mile of disinflation’ and anchoring of inflation expectations. Food inflation may soften due to good monsoon, steady improvement in kharif sowing, rising reservoir levels and a likely favourable rabi season output. Uncertainty, however, comes from frequent recurrence of adverse weather events, resurgence of geo-political tensions and financial market volatility. Further, core inflation might just have bottomed out,» the statement read further.

Axis Mutual Fund has announced the launch of Axis Consumption Fund, an open-ended equity scheme following the consumption theme. The new fund offer or NFO of the scheme will open for subscription on August 23 and will close on September 6. The scheme will reopen for continuous sale and repurchase within five business days from the date of allotment. The scheme will be benchmarked against Nifty India Consumption TRI. The fund will be managed by Hitesh Das, Shreyash Devalkar, and Krishnaa Narayan.

«Yes, LPG losses which have gone up, which spoiled the Q1 results remains an uncertainty in terms of how they will be compensated for,» says Probal Sen, ICICI Securities. Well, the crude prices have seen quite a bit of dip and has come a bit suddenly from $80 per barrel mark, now down to 76. How much would have marketing margins increased? Is this something which is going to have a bit more structural impact you think in terms of the earnings? Probal Sen: Yes, absolutely. I think if we look at the last week itself, blended retail margins have actually gone up to the levels of around Rs 7 odd, if our calculations are correct, which is almost Rs 2.5 to Rs 3 higher compared to the 1Q average levels that we saw.

United Spirits Ltd. gained 1.7 per cent to Rs 1456.5 in Thursday's trade as of 10:55AM (IST). It hit a high of Rs 1457.85 and low of Rs 1436.0 during the session. The stock quoted a 52-week high price of Rs 1480.0 and a low of Rs 981.25. The return on equity for the stock stood at 19.77 per cent. About 10,915 shares have changed hands on the counter so far.

Tata Elxsi Ltd. traded 0.5 per cent up at Rs 6961.0 at around 10:45AM (IST) on Thursday. The stock had closed at Rs 6926.2 in the previous session. Equity benchmark Sensex traded 176.1 points higher at 81081.4 around the same time.

SME IPO of Forcas Studio received a healthy response from investors as the issue was subscribed to over 400 at close. Post the strong response, the company is likely to finalise the share allotment for the IPO today. Investors, who placed bids for the IPO, can check the status through the registrar or by visiting the NSE website.

Varun Beverages Ltd. gained 3.26 per cent to Rs 1595.05 in Thursday's trade as of 09:59AM (IST). The stock hit a high price of Rs 1596.0 and low of Rs 1553.4 during the session. The return on equity (ROE) for the stock stood at 29.64 per cent. Traded volume on the counter stood at 09:59AM shares and turnover at Rs 5.81 crore around that time. The stock of Varun Beverages Ltd. quoted a 52-week high price of Rs 1707.1 and 52-week low prices of Rs 828.2, respectively.

Fed Chair Powell's speech in the Jackson Hole Symposium on Friday will be a key event to watch out for. «Hopes are running high for rate cuts in the September meeting followed by more rate cuts in subsequent meetings. The market thus is likely to consolidate this week,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal.

stock markets have already taken an affinity towards Kamala Harris as soon as she entered the Presidential poll race after replacing Joe Biden on the ticket. According to Market Watch, the chances of Harris winning the polls are 64% based on the stock market trends that were earlier behaving in a rather non-predictable manner. The stock market's shift towards Harris is a positive sign as it means that the investors are backing the Democrats and counting on them for the country's economy in the future. Although, this may have little impact on the polls, but the majority share of these investors are voters, and therefore some data extrapolation and analysis can help in understanding the current political landscape, ahead of the US Presidential Elections 2024.