Stock Market Update: The domestic stock market is trading in a range amid mixed global signals. Today both the Sensex and Nifty indices are in the green, but the rise is very slight. There is pressure on bank and financial stocks in business. Both the indices are in red mark on Nifty. The realty index is also showing weakness, while the IT index is looking flat.
FMCG, Metal and Pharma indices are in the green. At present, there is a gain of 33 points in the Sensex and it is trading at the level of 58421.
While Nifty is trading 13 points higher at the level of 17410. Today there is a mixed trend in heavyweight stocks. 13 stocks of Sensex 30 are in green mark and 17 are in red mark. Today’s top gainers are M&M, POWERGRID, DRREDDY and TITAN. So the top losers include SBIN and KOTAKBANK.
Despite the expensive crude, the oil companies are facing huge losses due to the stability in the prices of petrol and diesel. The combined loss of IOC, HPCL and BPCL in the June quarter has been around Rs 18480 crore.
However, even after this, there has been relief on the prices of petrol and diesel today on 8th August. Talking about the capital of the country, Delhi, the price of 1 liter of petrol is Rs 96.72, while the price of 1 liter of diesel is Rs 89.62.
Today on August 8, the results of the June quarter of Bharti Airtel and Adani Ports will come. Apart from these, quarterly results of Power Grid Corporation, NALCO, Astrazeneca Pharma, City Union Bank, Delhivery, Dhanlaxmi Bank, GNFC, JK Tyre, Vedant Fashions, Subex, Torrent Power and Whirlpool will also be released.
Also Read – Stock Market Update Today: Today’s Top Gainers
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