ICICI Bank Share Price Live Updates: ICICI Bank’s Current Price and Market Performance
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Category: Business News & Economy
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Kotak Bank Share Price Live Updates: Kotak Bank’s Price Movement Today
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RIL Share Price Live Updates: RIL Trading Below Key Support Level
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Infosys Share Price Live Updates: Infosys market movement today
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IndusInd Bank Share Price Live Updates: IndusInd Bank Daily Performance Snapshot
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Sensex rises over 100 points, but Nifty50 slips near 24,600. What’s driving the divergence?
The Indian stock market witnessed a mixed session on Tuesday as the Sensex rose over 100 points while the Nifty 50 dropped over 150 points to trade near 24,600. The divergence follows volatility from the newly introduced Closing Auction Session framework on the NSE amid widespread losses in sectoral indices.
GE Shipping shares rally 9% as Q1 net profit surges 160% YoY, revenue up 67%
GE Shipping shares rallied sharply on Tuesday after the company reported a 160% year-on-year jump in Q1FY27 net profit and a 67% rise in revenue. The shipping major also announced an interim dividend of Rs 14.40 per share, while improving fundamentals and positive technical indicators supported investor sentiment.
KEI Industries shares surge 7% after Q1FY27 profit jumps 40%, revenue rises 23%
Shares of KEI Industries rallied nearly 7% to Rs 5,363.20 on Tuesday following a 40% year-on-year jump in Q1 FY27 net profit to Rs 274 crore. Revenue from operations rose 23% to Rs 3,185 crore, backed by strong domestic wires and cables demand.
Thangamayil share selloff continues: Stock drops 5% despite Rs 344 crore sales in first 3 days of August
Thangamayil Jewellery shares fell significantly despite robust August sales figures. The company reported strong sales during the auspicious Aadi Perukku festival. However, weak guidance and market uncertainties impacted investor sentiment negatively. Customers postponed purchases due to gold price expectations and geopolitical concerns. The company anticipates demand recovery in the latter half of the fiscal year.
US Stock Market: Treasury sees higher Q3 borrowing needs as cash flow outlook weakens
The US Treasury anticipates borrowing $739 billion in the third quarter. This borrowing estimate reflects lower cash flows and a stronger opening balance. For the fourth quarter, the department projects borrowing of $628 billion. The Treasury borrowed $190 billion in the second quarter, ending June with $919 billion. Investors await debt issuance plans amid market…