Market

Banking stocks cautious after Axis Bank’s disappointing financial results, Sensex and Nifty drop, FIIs sell equities, global markets mixed. Source

In the last five years, electronics imports from China and Hong Kong have far outnumbered imports from other major manufacturing hubs like South Korea, Japan, Taiwan, and all ASEAN countries, combined. Source

Sensex and Nifty plummet due to foreign fund outflows and banking share sell-offs, impacting market indices globally. Source

Key earnings day across sectors. Axis Bank reported a 4% YoY decline in net profit to ₹5,806 crore, missing estimates, while CEAT saw profit drop 27.7% despite strong revenue growth. In contrast, LTIMindtree and Indian Hotels delivered robust numbers with profits up 11.2% QoQ and 19.5% YoY, respectively. Wipro posted flat revenue but beat EBIT…

Rupee weakens against dollar due to fund outflows, oil prices, and equity market decline, but greenback weakness limits depreciation. Source

FPIs sold equity for Rs 28,976 crore through the exchange even while investing Rs 11,483 crore through the primary market category in the month of August so far. Source

Hero Motors plans IPO to raise ₹1,200 crore, including fresh equity and OFS, for debt repayment and expansion. Source

US Stock Market Highlights: U.S. stocks advanced on Thursday as strong corporate earnings and upbeat economic data boosted market sentiment. PepsiCo and United Airlines shares rose on earnings beats, while jobless claims and retail sales data signalled continued economic resilience. Most S&P 500 earnings have exceeded analyst expectations so far. Source

Rupee weakens against dollar as traders await India-US trade deal conclusion, dollar index falls slightly. Source

SEBI has sought public comments till September 10 on the proposals. Source