The latest updates, reports, and analysis regarding the stock market on Market Trends, Company Performance, Economic Factors, Expert Opinions and Regulatory Changes
The Indian stock market experienced a significant decline on Friday, August 2, 2024. The BSE Sensex fell by 885.6 points (1.08%) to close at 80,981.95, while the Nifty 50 dropped by 256.7 points (1.03%) to settle at 24,761. The Indian stock market faced a sell-off due to a sharp decline in global markets. The US Read more: Stock Market decline today due to global market sell-off, amid weak global cues..
Tata Motors Q1 FY25 results have exceeded expectations, with a net profit of Rs 5,566 crore, a substantial 74% increase compared to the same period last year. This figure surpassed analyst estimates, demonstrating the company’s robust performance in the first quarter. The actual results exceeded analyst expectations, particularly in terms of net profit growth, which Read more: Tata Motors Q1 FY25 reports net profit boosts 74% YoY and exceeded expectations..
Adani Energy Solutions Ltd. (NSE: ADANIENSOL), the power transmission unit of the Adani Group, has successfully raised $1 billion through a qualified institutional placement (QIP). This marks the conglomerate’s first public equity raise since the Hindenburg report earlier this year, which led to a significant drop in the group’s market value. Abu Dhabi Investment Authority Read more: Adani Energy Solutions raised $1 billion through QIP..