Auto Sector

Concord Biotech Limited is offering its shares within the price range of Rs 705 to Rs 741 per share during the three-day bidding period.

SBFC Finance is offering its shares within the price range of Rs 54 to Rs 57 per share, spanning a three-day bidding period.

The U.S. dollar index was last trading at 101.98, not far from the low of 101.73 set on Friday.

MNCs have lowered their 2023 outlook; but Dow has stated that the upcycle will likely begin in 2024.

Spot gold was stable at $1,942.33 per ounce, up from the session's nearly three-week low. At $1,977.20, U.S. gold futures increased by 0.1%.

Strong performance likely during the quarter.

Brent crude futures were up 25 cents, or 0.3%, to $86.49 per barrel, while U.S. West Texas Intermediate crude was up 23 cents, or 0.3%, to $83.05 per barrel.

Capital goods companies have outperformed, and are very rich – are their valuations justified?

Ambani stated, "This will open the door for swift decarbonization and the commercialization of reasonably priced green hydrogen - a critical enabler in realizing India's green energy revolution.

RBI had granted an extension to ICICI Bank till September 9, 2024, to divest its shareholding in ICICI Lombard to less than 30% of the company's paid-up capital