Auto Sector

Overall system liquidity will still be surplus as per analysts of IIFL Capital Services estimate. This seems a blunt implementation at a time banks have been resisting VRRR.

During the quarter that ended in June, the company's standalone operating revenue decreased 14% year over year to Rs 6,237.55 crores from Rs 7,253.04 crores in Q1FY23.

The boost in profitability was attributed to factors like lower rubber costs and robust sales of domestic automobiles in various markets.

Brent crude increased by 7 cents to settle at $86.47 a barrel, while U.S. West Texas Intermediate crude futures increased by 12 cents to $82.94 per barrel.

The rupee had shown strength in the previous session, gaining 11 paise against the dollar to close at 82.71.

Petrol and Diesel prices in cities across India on 11-08-2023

Spot gold traded near its lowest levels since July 7 reached earlier in the day, rising 0.2% to $1,914.87 per ounce. At $1,946.90, U.S. gold futures were unchanged.

The yen fell against the euro as well, falling to 159.135 from Thursday's 15-year high of 159.19.

Overall debt funds saw net inflows of Rs. 61,440 crore in July 2023.

The IRDAI, the nodal regulator for insurance business in India, has just released the full month data stack for all the private and public sector life insurance companies for the month of July 2023.