Stock Market Today: The Gift Nifty was down about 40 points while writing from the previous close of the Nifty futures, trading at 24,362 points. A somewhat unfavourable beginning for the Indian benchmark index is also suggested by the Gift Nifty movements. The major Indian stock market indices, the Sensex and Nifty 50, are expected to open cautiously because to conflicting signals from the global markets and low confidence in the country following the release of the fresh Hindenburg report that implicates SEBI Chairperson Madhabi Puri Buch in the Adani Group case. The increase in index heavyweights drove the final day’s gain of over one percent for all domestic equities indices.
Stock Market Today: Stocks in focus
Tata Motors
Part of the Tata Group, Tata Motors Limited is an Indian multinational automotive corporation with its headquarters located in Mumbai. The business manufactures buses, vans, lorries, and vehicles. Tata Motors anticipates a slow recovery in the domestic market due to new product introductions and the approaching holiday season, but it expects demand in international markets to remain weak this fiscal year.
Grasim
Grasim Industries Limited is a manufacturer based in India. Through its subsidiaries UltraTech Cement and Aditya Birla Capital, respectively, Grasim has expanded into cement and financial services, as well as textile raw materials like viscose staple fibre (VSF) and viscose filament yarn, chemicals, and insulators. With a loss of Rs 52.12 crore for the first quarter that ended in June 2024, Grasim Ltd saw a decline in profits.
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