Auto Sector

Global oil benchmark Brent crude declined by 0.10% to USD 90.83 a barrel

Pidilite MEA and Grupo Puma, Spain will each own 50% of PidilitePuma's paid-up capital.

Q1FY24 reports a 95% YoY increase in net profit to Rs 882 crore from Rs 451 crore in the corresponding quarter of the previous year

Amidst rising inflation and global hawkishness, the RBI is likely to keep repo rates at 6.50%. However, the focus of the policy statement on October 06, 2023 could shift from rates to liquidity and the language of the RBI.

IHC claimed that the increase in its stake was a reflection of its confidence in Adani Enterprises' (AEL) capacity to "incubate" and expand airports, data centres, and green hydrogen enterprises.

Plaza Wires' IPO is priced in the range of Rs 51-54 per share.

Following the reduction in E2W subsidies in May, there was a huge drop in June at 46,057 units.

As analysts of IIFL Capital Services have highlighted previously, PV wholesales have been much higher than retails in the past 6-8 months, leading to significant inventory build-up.

Spot gold was unchanged at $1,823.59 per ounce, while U.S. gold futures were down 0.1% to $1,839.20.

The company priced the IPO in the range of Rs 280-300 per share. Ahead of the issue launch, it has raised about Rs 288 crore from anchor investors.