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  • Colgate-Palmolive declines 0.41% as Sensex slides - The stock traded at a P/E multiple of 47.03, while the price-to-book value ratio stood at 36.38.
  • Pidilite Ind declines 0.98% as Sensex slides - The stock traded at a P/E multiple of 102.28, while the price-to-book value ratio stood at 16.45.
  • InterGlobe Aviation shares plunge nearly 5% after disappointing Q1 earnings - Shares of InterGlobe Aviation on Wednesday tumbled nearly 5 per cent after the company reported a net loss of Rs 3,174 crore for the three months to June. The stock plummeted 4.67 per cent to Rs 1,627 at the BSE. At the NSE, it tumbled 4.59 per cent to Rs 1,626.45.
  • Rolex Rings IPO sails through within 90 minutes of bidding - Most analysts suggest subscribing to Rolex Rings IPO. However, some say a degree of caution is needed.
  • Coforge Q1 results: Net profit rises 55% to Rs 124 cr - Its consolidated revenue rose 38.3 per cent to Rs 1,461.6 crore in the first quarter of FY'22, as against Rs 1,057 crore in the year-ago period.
  • Scope for meaningful rate cuts going ahead: Neelkanth Mishra - Neelkanth Mishra Credit Suisse' Neelkanth Mishra expects repo rate to fall to a decade low in the coming quarters. He says that beginning December the market may see a robust and widespread pick-up which may boost indices.
  • Asian stocks, gold slide on stimulus end prospects - Asian stocks, gold slide on stimulus end prospects SINGAPORE (Reuters) - Asian shares and gold retreated on Wednesday and bond yields were near two-week highs after markets were rattled by a report flagging the possible withdrawal of global stimulus measures.
  • Cautiously optimistic on India; eyeing earnings revival: Sanger - Arvind Sanger Global liquidity tailwinds are unlikely to get any better from now and that makes Arvind Sanger, Managing Partner at Geosphere Capital Management “cautiously optimistic” on the Indian markets.
  • Expect H2 biz pickup to push up steel demand by 4-5%: JSPL - Ravi Uppal In the first 6 months of the year, steel demand grow by just 0.5 percent, and now with the end of monsoon business activity with pick pace in the second half which is likely to push up steel demand by 4-5 percent for the year, said Ravi Uppal, Chief Executive and Managing Director of JSPL.
  • Expect rupee to trade lower: Pramit Brahmbhatt - Pramit Brahmbhatt The rupee is expected to trade lower within a range of 66.50-67/USD, says Pramit Brahmbhatt, Veracity.
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  • India seeks to speed up foreign deals with 'one-stop shop' - The Finance Ministry, seeking to speed up deals with outside investors, is set to take full control of the oversight of more than $40 billion a year in foreign direct investments and share purchases, two government sources said.
  • Why auctions for power projects don?t work in India - In the last 10 years, India has discovered auctions for itself. All kinds of public resources (such as 3G spectrum) or contracts (such as power purchase agreements, PPAs) are auctioned off.
  • Rupee ends 21 paise lower vs US dollar; snaps 3-day winning run - The rupee snapped its three-day winning spree against the American currency by falling 21 paise to 63.72 on fresh dollar demand from banks and importers in view of a firm dollar in the overseas market.
  • Late surge drives Nifty above 8,350, Sensex ends up 363 points - After consolidating for second straight day, late surge drove market on higher levels. The Sensex was up 363.30 points or 1.3 per cent at 27687.30 while the Nifty ended up 111.30 points or 1 per cent at 8373.65.
  • CNG price to be increased by 45 paise per kg in Delhi, piped cooking gas in NCR - The applicable price of domestic PNG to households in Noida, Greater Noida and Ghaziabad would be Rs 27.05 per scm, which is being increased from existing Rs 26.55 per scm.