Market at 12 PMBenchmark indices extended the losses and trading at day’s low with Nifty around 17800.The Sensex was down 520.96 points or 0.86% at 59777.04, and the Nifty was down 156.90 points or 0.87% at 17799.60. About 1301 shares have advanced, 1778 shares declined, and 100 shares are unchanged.
Buzzing:
Shares of Indian Railway Catering and Tourism Corporation (IRCTC) gained over four per cent on August 19 a day after it floated a tender to monetise its data assets to boost revenue and increase profit.
The ticketing arm of the Indian Railway reportedly plans to generate Rs 1,000 crore in revenue through digital monetisation.
“IRCTC is a reservoir of huge amount of digital data which opens several opportunities for IRCTC for monetisation,” it said.
DIIs have sold equities worth more than Rs 4200 crore in August so far
So far this year, domestic institutional investors have bought shares worth nearly Rs 2.37 trillion, helping partly offset the pain from an exodus by foreign investors as the US Federal Reserve…
Gold imports up 6.4% to $13 billion in April-July this fiscal
India’s gold imports, which have a bearing on the country’s Current Account Deficit (CAD), rose 6.4 per cent to USD 12.9 billion during April-July this fiscal due to healthy demand, according to government data. The imports stood at USD 12 billion during the same period a year ago.
In July 2022, however, imports of the precious metal fell sharply by 43.6 per cent to USD 2.4 billion, as per the latest data released by the commerce ministry. Click To Read More
Nifty Bank index fell 1 percent dragged by IndusInd Bank, Bank of Baroda, Federal Bank
DIIs have sold equities worth more than Rs 4200 crore in August so far
So far this year, domestic institutional investors have bought shares worth nearly Rs 2.37 trillion, helping partly offset the pain from an exodus by foreign investors as the US Federal Reserve…
#OnCNBCTV18 | Jitania Kandhari of Morgan Stanley adds, banks are well capitalised after the clean-up in balancesheet. Real estate contribution to GDP is more favourable in India pic.twitter.com/swqwNfu7Uh
— CNBC-TV18 (@CNBCTV18Live) August 19, 2022
Market update at 11 AM: Sensex is down 63.26 points or 0.10% at 60234.74, and the Nifty shed 23 points or 0.13% at 17933.50.
Gold prices today: Selling pressure on every rise, support seen around Rs 51,400
Experts believe any rise in precious metal prices towards the resistance level may add to the selling pressure.
Nifty Information Technology index added 1 percent supported by the Coforge, Tech Mahindra, Mindtree
The 22nd Annual General Meeting (‘AGM’) of One 97 Communications (Paytm) is scheduled to be held on Friday, August 19, 2022.
NHPC signs MoU with Nepal governmentNHPC has signed a Memorandum of Understanding (MoU) with Investment Board Nepal (IBN), Govt. of Nepal at Kathmandu, Nepal for preparation of Detailed Project Report (DPR) and development of two hydropower projects namely West Seti (750 MW) and Seti River 6 project (450 MW) in Nepal in the August.
