News Overview

Fusion Finance shares drop 20% after reporting a Q1 net loss of ₹35.62 crore and a rise in NPAs to 5.46%.

Lupin Limited reports a 77% increase in Q1 net profit to ₹801.3 crores, with total sales up 16.3%.

Tata Power reports a 4% YoY increase in Q1 net profit to ₹1,189 crore, driven by strong operational performance.

New positions in F&O contracts for these stocks are not permitted while they are in the ban period.

According to Uchida, the recent currency strengthening will have an impact on the BOJ's policy decisions.

Spot gold was down 0.2% to $2,385.23 per ounce. United States gold futures lost 0.3% to $2,425.50.

Brent crude futures slid 21 cents, or 0.27%, to $76.27 per barrel. US West Texas Intermediate crude fell 25 cents, or 0.34%, to $72.95 a barrel.

On August 6, foreign institutional investors (FIIs) continued their selling spree, offloading equities worth ₹3,531 crore.

Here are some of the stocks that may see significant price movement today: Tata Power, Chambal Fertilisers, Cummins India, etc.

Investing in long-term stocks can be a profitable strategy for investors looking for consistent returns and the potential to increase their wealth over time. The companies discussed in this article cover a broad spectrum of sectors and industries, enabling investors to profit from long-term compound interest while participating in India's economic expansion.