The gold industry is integral to the Indian economy, contributing 1.3% to Indian GDP. But it is still fragmented – dominated by small and medium-sized enterprises. However, the advent of chain stores in the last 10-15 years and their gradual gain of market share at the expense of stand-alone retailers has been notable, according to a report by the World Gold Council. And this market […]
Net card additions in August 2022 were negative versus +1.53 million in July 2022; this was driven by a 1.52/1.05 million (8/11% MoM) decline for HDFC Bank/Axis Bank, respectively, due to closure of cards inactive for >1 year. IndusInd Bank/State Bank of India (SBI) added 2.6/2.0% of their opening cards in-force, respectively, followed by ICICI Bank/Kotak Mahindra Bank/RBK at 1.5/1.4/1.0%.
Consumer goods stocks were trading with losses, with the S&P BSE Consumer Discretionary index decreasing 42.88 points or 0.73% at 5846.33 at 13:46 IST.
Information Technology stocks were trading in red, with the S&P BSE IT Sector index falling 186.38 points or 0.68% at 27242.77 at 13:46 IST.
Nifty and Sensex dived marginally with weaker broader markets tone
The benchmark indices traded with minor cuts in the mid-afternoon trade. The Nifty traded below the 16,850 mark after hitting the days high of 17,026.05 in the early trade. IT shares witness profit booking after gaining in the past three trading sessions. Investors awaited the outcome of a key meeting of the RBIs monetary policy committee due this week for domestic cues. Trading was volatile […]
It has given a Stable outlook on these facilities.
Sun Pharma Advanced Research Company Ltd recorded volume of 34.86 lakh shares by 14:14 IST on NSE, a 17.16 times surge over two-week average daily volume of 2.03 lakh shares
Consumer Durables stocks were trading in the negative zone, with the S&P BSE Consumer Durables index falling 309.54 points or 0.74% at 41455.34 at 13:46 IST.
In early trading, the rupee strengthened 35 paise to 81.58 versus the US dollar as the American currency declined from its high levels
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