News Overview

In the first quarter of this fiscal, EBITDA decreased by 2.8% to ₹1,462.6 Crore compared to ₹1,504.6 Crore in the same period last year.

The Reserve Bank of India maintains its GDP growth forecast for 2024-25 at 7.2%, focusing on inflation control amid steady economic growth

The NFO is available for subscription from August 7 to August 21.

The NSE updates the list of securities in the F&O ban for trade every day.

The Reserve Bank of India’s Monetary Policy Committee kept the policy repo rate and stance unchanged at 6.50%

In other precious metals news, silver rose 0.6%, platinum fell 0.4%, and palladium gained 0.56%.

Overall, the oil market remains volatile as traders balance concerns about geopolitical risks, demand outlook, and supply disruptions.

Here are some of the stocks that may see significant price movement today: Godrej Consumer Products, Hindalco Industries, Abbott India, etc.

As the markets open today, all eyes will be on the RBI's policy announcement, which is expected to set the tone for the markets in the near term.

The IPO will open for public subscription on August 12 and close on August 14. Bidding for anchor investors will open for one day on August 9.