Market

Rupee weakens against the dollar due to trade uncertainties, equity market trends, and volatile oil prices. Source

From 30 Sensex firms, Adani Ports, NTPC, Power Grid, State Bank of India, Nestle, Mahindra & Mahindra, Reliance Industries and Tata Consultancy Services were the biggest laggards. Source

Sensex and Nifty drop as IT shares sell off, investors cautious ahead of U.S.-India trade talks outcome. Source

Consolidated net profit rose to ₹133 crore for the quarter ended June 30, from ₹2.75 crore a year earlier. Revenue rose 9% to ₹2,872.7 crore from ₹2,636 crore. Source

Adani Group sells 20% stake in AWL Agri Business to Wilmar International for ₹7,150 crore. Source

The 30-share BSE Sensex declined 134.27 points to 79,514.65 in early trade. The NSE Nifty dipped 38.65 points to 24,308.35. Source

Rupee strengthens against US dollar on weaker greenback and lower crude oil prices, despite foreign fund outflows. Source

According to bank officials, current and savings bank (CASA) deposits declined during the quarter. SBI’s CASA deposits fell to Rs 19.41 lakh crore from Rs 19.14 lakh crore in March 2024. Source

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