Market sentiment was buoyed by anticipation of U.S. Fed Chair Jerome Powell’s speech. Analysts remain cautiously optimistic, advising stock-specific focus and proper risk management
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Global steel output down by 5% in July (22-08-2024)
India’s production increased by 6.8 per cent y-o-y
Broker’s call: AB Capital (Buy) (22-08-2024)
SBI Securities
Broker’s call: GAIL India (Add) (22-08-2024)
InCred Equities
India surpasses China to become Russia’s top oil buyer in July (22-08-2024)
That surpassed China’s July oil imports from Russia of 1.76 million bpd via pipelines and shipments, based on Chinese customs data
Markets to consolidate amid rich valuations: Ashish Gupta, CEO, Axis AMC (22-08-2024)
In an interview with Ashley Coutinho, Gupta says interest rate cuts in India could be shallower than the US, leading to more FPI flows
MRPL denies merger proposal with HPCL at shareholders’ meeting (22-08-2024)
MRPL aims to reduce its dependence on West Asia for crude oil supplies and has plans to diversify crude oil sources
Paras Defence secures industrial licence for advanced military equipment (22-08-2024)
The licence is valid for 15 years and covers seven categories of high-tech defence products
Escorts Kubota merger approved by NCLT (22-08-2024)
As part of the merger, Escorts Kubota will issue 1,379,492 equity shares with a face value of ₹10 each to Kubota Corporation, Japan