Indian equity markets started the new trading week on a weak note, with the Sensex falling over 250 points in early trade and the Nifty slipping below the 23,900 mark. Technology stocks were among the biggest drags, with selling pressure seen in major IT companies.
The Indian stock market enters the new week after a challenging phase, with both the Sensex and Nifty recording their fourth consecutive weekly decline. The Nifty had fallen around 1.15% during the previous week, while the Sensex also registered a decline.
The outlook for gold remains uncertain as global investors prepare for important US inflation data later this week. The upcoming Consumer Price Index report could influence expectations regarding the Federal Reserve’s next interest-rate decision.
Silver continued to witness sharp fluctuations as investors weighed stronger US economic data against geopolitical risks. The metal has faced selling pressure along with gold, although its industrial demand outlook remains an important long-term factor.
Geopolitical tensions in the Middle East continue to remain a major concern for global markets, particularly because of risks surrounding oil transportation through the Strait of Hormuz.
Rail Vikas Nigam (RVNL) has received a significant boost after securing a Rs.903 cr. Letter of Award from SJVN Thermal Private.
Mazagon Dock Shipbuilders has received a new purchase order worth approximately Rs.118 cr. from Maharashtra State Electricity Transmission Company.
Tata Motors Commercial Vehicles has initiated a voluntary tender offer to acquire shares of Italian commercial-vehicle manufacturer Iveco Group.
JSW Steel reported a positive production update for August, with consolidated crude steel production rising around 3% YoY to 24.65 lakh tonnes.
Molbio Diagnostics reported a major improvement in its financial performance, returning to profitability compared with a loss during the previous period.
For those of you who are serious about having more, doing more, giving more and being more, success is achievable with some understanding of what to do.
