Updates Financial News

LT Foods Ltd.(up 5.16%), Bajaj Consumer Care Ltd.(up 3.92%), Bikaji Foods International Ltd.(up 3.61%), Mrs. Bectors Food Specialities Ltd.(up 2.30%), Hatsun Agro Products Ltd.(up 1.91%), Zydus Wellness Ltd.(up 1.90%), Heritage Foods Ltd.(up 1.70%), Emami Ltd.(up 1.38%), Hindustan Foods Ltd.(up 1.32%) and Nestle India Ltd.(up 0.84%) stood among the top gainers.

British financial technology firm Zilch on Tuesday reported its first-ever month of profit, marking a key milestone for the company as it looks toward an eventual initial public offering.

Ugar Sugar Works Ltd.(up 6.52%), Dhampur Sugar Mills Ltd.(up 0.41%), Triveni Engineering & Industries Ltd.(up 0.37%) and Vishwaraj Sugar Industries Ltd.(up 0.17%) stood among the top gainers.

Jawa Yezdi Motorcycles is set to launch the second model of Jawa 42 on Tuesday. This comes a few weeks after the company launched an updated version of the existing model of the same name. The second Jawa 423 is expected to be equipped with a bigger 334-cc engine from the Jawa 350 but with a different tune. Additionally, the new bike might come with some changes in the chassis with more operable dimensions. It is expected to have a six-gear transmission.

Sikko Industries Ltd.(up 5.00%), Rama Phosphates Ltd.(up 2.87%), Agro Phos India Ltd.(up 2.47%), Gujarat State Fertilizer & Chemicals Ltd.(up 0.77%), Coromandel International Ltd.(up 0.63%), Aries Agro Ltd.(up 0.43%), Nagarjuna Fertilizers and Chemicals Ltd.(up 0.40%), Krishana Phoschem Ltd.(up 0.37%), Madhya Bharat Agro Products Ltd.(up 0.26%) and Rashtriya Chemicals & Fertilizers Ltd.(up 0.21%) were among the top gainers.

Ravindra Energy Ltd.(up 5.00%), Suzlon Energy Ltd.(up 3.07%), Power and Instrumentation(Gujarat)Ltd.(up 2.00%), Energy Development Company Ltd.(up 1.83%), Gujarat Industries Power Company Ltd.(up 1.61%), Inox Wind Ltd.(up 1.35%), PTC India Ltd.(up 1.32%), Jaiprakash Power Ventures Ltd.(up 1.23%), GE Power India Ltd.(up 1.16%) and NLC India Ltd.(up 0.93%) were among the top gainers.

Hero MotoCorp Ltd.(up 0.97 per cent), Bharat Forge Ltd.(up 0.46 per cent), Eicher Motors Ltd.(up 0.17 per cent), Mahindra & Mahindra Ltd.(up 0.04 per cent) and Maruti Suzuki India Ltd.(up 0.03 per cent) were among the top gainers.

Lexus Granito(India)Ltd.(up 1.32%), KIOCL Ltd.(up 1.28%), Madhav Marbles & Granites Ltd.(up 1.18%), Gujarat Mineral Development Corporation Ltd.(up 1.17%), MOIL Ltd.(up 0.88%) and Aro Granite Industries Ltd.(up 0.87%) were among the top gainers.

Sanofi India Ltd.(up 3.83 per cent), Gland Pharma Ltd.(up 2.96 per cent), Mankind Pharma Ltd.(up 2.63 per cent), Glenmark Pharmaceuticals Ltd.(up 1.55 per cent) and Ipca Laboratories Ltd.(up 1.49 per cent) were among the top gainers.

₹427 to ₹450 per equity share, having a face value of ₹1. Anchor investors infused ₹846 crore into the company.The initial public offering (IPO) comprises a fresh issuance of equity shares totalling up to ₹1,291.4 crore and an Offer for Sale (OFS) of a maximum of 3.42 crore shares by the existing shareholders, which amounts to approximately ₹1,539 crore based on the upper band price of ₹450.As part of the offer-for-sale component, South Asia Growth Fund II Holdings LLC (SAGF II) will sell 2.68 crore equity shares, South Asia EBT Trust will divest 1,72,800 equity shares, and promoter Chiranjeev Singh Saluja will offload 72,00,000 equity shares.Founded in April 1995, Premier Energies Limited specialises in the production of integrated solar cell and solar panels.

Securities and Exchange Board of India has put the proposed initial public offering of JSW Cement 'in abeyance', an update on the capital market regulator's website showed. The cement business of the JSW Group was looking to raise ₹4,000 crore through the primary market offering, and had filed its draft papers with Sebi last month. The IPO is a combination of offer-for-sale and fresh issue of shares.

Galaxy Z Fold 6 devices: peeling paint. Several photos have emerged showing areas of the rear panel, particularly around the power button and the top left corner, where the paint appears to be coming off.In response to these complaints, Samsung has stepped forward with an explanation.

iPhone 15 Pro & iPhone 15 Pro MaxSince the introduction of the iPhone XS and XR in 2018, Apple has typically retired flagship iPhones a year after their debut, likely due to the minimal differences between successive models, reported the publication.As per the report, this trend suggests that the iPhone 15 Pro and iPhone 15 Pro Max might be on their way out. The iPhone 15 Pro was notable for being Apple’s first iPhone to feature a titanium frame, and it is likely that this will be the last model with the current 6.1-inch and 6.7-inch screen sizes, as the iPhone 16 Pro models are expected to have larger displays.

Israel because there is a risk such equipment might be used to commit serious violations of international humanitarian law, foreign minister David Lammy said on Monday. Lammy said the decision to suspend the licences did not amount to a blanket ban or an arms embargo, but only involved those that could be used in the conflict between Israel and Hamas in the Palestinian enclave of Gaza. Soon after the Labour Party won an election in July, Lammy said he would update a review on arms sales to Britain's ally Israel to ensure these complied with international law.

iPhone 16.

Domestic benchmark index NSE Nifty ended 42.8 points up at 25278.7, while the BSE Sensex closed 194.07 points up at 82559.84.

Shares of Brigade Enterprises Ltd.(up 3.04 per cent), Sobha Ltd.(up 2.84 per cent), DLF Ltd.(up 0.38 per cent) and Macrotech Developers Ltd.(up 0.03 per cent) ended the day as top gainers in the pack.

Benchmark NSE Nifty closed 42.8 points up at 25278.7 amid buying in frontline bluechip counters.

Shares of Balkrishna Industries Ltd.(up 2.33 per cent), Hero MotoCorp Ltd.(up 2.26 per cent), Bajaj Auto Ltd.(up 2.16 per cent), Apollo Tyres Ltd.(up 1.31 per cent) and Maruti Suzuki India Ltd.(up 0.2 per cent) ended the day as top gainers in the pack.

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Fed rate cut and the US presidential election, global brokerage firm Bernstein has booked profits in Adani Ports, Bharti Airtel and Axis Bank while maintaining large, stable stocks such as REC, SBI Life and D-Mart in its India Model Portfolio’s August update. This year, unexpected election outcomes partly materialized, and concerns about a recession also surfaced, though only to some extent and the markets experienced significant downturns at regular intervals, but thanks to strong domestic institutional investor (DII) inflows and robust retail participation, the Nifty benchmark index has risen by 15% year-to-date.