On Thursday, August 10, the S&P BSE Sensex and NSE Nifty, two benchmark market indices, finished in the red. The Reserve Bank of India (RBI) kept its ‘removal of accommodation’ stance and the repo rate at its previous level.
The top Nifty basket losers are Asian Paints, Kotak Bank, Britannia, ITC, and ITC, while the top gainers include Adani Enterprises, Adani Ports, IndusInd Bank, and Titan.
Today’s Market
The National Company Law Tribunal (NCLT) has approved the mega-merger agreement between Zee Entertainment Enterprises Limited and Sony Pictures Network India, and Zee Entertainment shares have surged 15% to trade at Rs 278.55 on the NSE.
The market price of leading pharmaceutical company Granules India fell by more than 6% on Thursday after it released weak financial results for the three months ended June 30, 2023.
- S&P Sensex and NSE Nifty finish red; RBI maintains stance.
- NCLT approves Zee Entertainment-Sony Pictures merger, boosting shares by 15%.
- JSW Steel shares reach a 52-week high of Rs. 835.
By analysts’ predictions, Pidilite Industries posted a combined net profit of Rs 468 crore for the months of April through June.
JSW Steel shares increased by as much as 1.5% to reach a 52-week high of Rs. 835 per share, topping the previous record of Rs. 829 set on August 9.
Senco Gold Ltd. shares increase by up to 4.5% to reach a high of Rs 415.7 on the BSE. Among the biggest laggards in the Nifty baskets are Asian Paints, HDFC Bank, ITC, and ICICI Bank.
In early morning trading, Tata Power shares increased by up to 2.87% to Rs 241.65 per share, while the Nifty Consumer Durables, Auto, Bank, and Financial Services are all trading down.
