News for ARSS Infrastructure Projects Limited (ARSSINFRA.NS)

Sensex, Nifty updates on August 2, 2024. - The benchmark BSE Sensex fell 885.6 points, or 1.08%, to 80,981.95, while the NSE index dropped 284 points, or 1.14%, to 24,726.9, driven down by declines in IT and auto stocks. This downturn followed weaker-than-expected US data, triggering a global sell-off. Top gainers on the NSE included Divi’s Lab, HDFC Bank, Dr Reddy’s Lab, Sun Pharma, and Britannia, while major losers were Eicher Motors, Tata Motors, Maruti, JSW Steel, and Hindalco. Srikanth Chauhan of Kotak Securities reported that Friday’s correction wiped out weekly gains, though BSE Midcap and Smallcap indices performed better. He noted healthy domestic indicators like a 58.1 Manufacturing PMI and 10% GST growth amid global market reactions to central bank meetings and FPI outflows. Vinod Nair from Geojit highlighted a broad sell-off due to high valuations and weak Q1FY25 earnings despite potential US Fed rate cuts.

The BSE midcap and smallcap indices ended with marginal gains.

BSE Sensex and NSE Nifty 50 were trading over half a per cent higher on Wednesday, a day before weekly F&O expiry.

On July 5, the Nifty 50 closed at 15,810.85 points falling by 0.15% and the Sensex closed at 53,134.35 points, falling by 0.19%, as the US Dollar index reached a fresh 52-week high level at 106.24. Against INR also reached a fresh low of 79.15. Expecting major FII outflow from the Indian stock markets, Nifty and Sensex closed bearish today.

The Central Bureau of Investigation (CBI) has chargesheeted 24 people in connection with a Rs 60,000 crore ponzi scam which was allegedly run by Pearls group.

Trends on SGX Nifty indicate a flat to positive start for the index in India with a gain of just 18 points.