EOD UPDATE 02-09-2019

Financial Markets To Remain Closed On Monday For Ganesh Chaturthi

The stock and forex markets will resume trading on Tuesday, September 3.

Tata Motors Sales Decline 48% In August

Tata Motors said it sold a total of 21,824 commercial vehicles in the domestic market last month. That marked a fall of 45.25 per cent compared with the corresponding period a year ago.

RCom lenders may get only Rs 10,000 crore against Rs 49,000 crore claims

Manufacturing Growth At 15-Month Low In August: Survey

A sub-index tracking overall demand hit its weakest in more than a year and foreign orders increased at their slowest pace in 16 months.

Hero MotoCorp Two-Wheeler Sales Down Nearly 21% In August

Hero MotoCorp shares climbed 9.15 per cent in August. The financial markets remained closed on Monday on account of Ganesh Chaturthi. Trading will resume next on Tuesday, September 3.

US-Based Tiger Fund Increases Equity Holding In Flipkart: Report

The $514-billion Walmart acquired a majority stake (77 per cent) in Bengaluru-based Flipkart on May 9, 2018 for a whopping $16 billion (Rs 107,662 crore) at $67.3 per share.

Global Stocks Fall As New US-China Tariffs Sour Global Outlook

MSCI’s All-Country World Index, which tracks shares across 47 countries, was down 0.1 per cent on the day.

Taxman Verifies 3.61 Crore Out Of 5.65 Crore Income Tax Returns Filed

According to current income tax laws, the amount of late filing fee in case of a belated income tax return cannot exceed Rs. 1,000 if the assessee’s total income is below Rs 5 lakh.

Foreign borrowings double to $4.98 billion in July: RBI

Core Sector Growth Slows Down To 2.1% In July

Core sector comprises of eight sectors such as coal, crude oil and electricity, accounts for nearly 40 per cent of India’s industrial output.

Seizures Of Smuggled Gold Jumps In June Quarter: Report

The World Gold Council has said up to 95 tonnes of gold was smuggled into India in 2018.

Growth, Rate-Cut Revisions By Economists After Shock GDP Slump: Report

The slump will put the onus on the RBI to continue cutting interest rates after 110 basis points of easing already this year, the economists said.

GDP Growth To Rebound At Slower Pace: Fitch Solutions

Fitch Solutions also trimmed GDP forecast for the current fiscal year to 6.4 per cent from 6.8 per cent previously.

Foreign Investors Continue To Sell Shares Despite Surcharge Rollback

Following the FPI tax surcharge announcement on July 5, the key indices fell sharply from their lifetime highs owing due to outflow of foreign funds.

Vikesh Kumaar Kataria

Experienced Founder of Brokers Bazaar with a demonstrated history of working in Skilled in RMS from various big corporate giants, Analytical Skills, Banking, Entrepreneurship, Digitalisation and Equities with Strong entrepreneurship professionalism. Experienced Co-Founder with a demonstrated history of working in the logistics and supply chain industry.

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