Yield On 10-Year Bond Opens Higher

  • The yield on the 10-year bond opened 2 basis points higher at 6.59%

  • It closed at 6.57% on Friday

Source: Bloomberg

Rupee Opens Weaker Against US Dollar

  • Rupee opened 4 paise weaker at 88.25 against US dollar

  • It closed at 88.21 a dollar on Friday

Source: Bloomberg

Stock Market LIVE: Lloyds Metals Commissions 3.6 Lakh Ton Per Annum 

Lloyds Metals And Energy Ltd. commissions 3.6 lakh ton per annum sponge iron plant in Maharashtra.

Titagarh Rail Gets Target Price Cut From Morgan Stanley On Lower Earnings Forecast

Titagarh Rail Systems Ltd. stock received a target price cut from multinational brokerage firm Morgan Stanley as it projects slower earnings growth and delayed delivery of Vande Bharat coaches.

The target price has been reduced to Rs 1,017 from Rs 1,027 earlier. The revised target implies a 23% upside to the last closing price. The stock currently trades at 26 times the FY27 price-to-earnings.

Global Funds Remain Underweight On India Despite Growing Allocation

In a concerning trend for the Indian growth story, foreign portfolio managers have remained underexposed to the Indian markets even as allocations to the market have risen modestly in recent months, notes Goldman Sachs.

In a latest note, led by analyst Sunil Koul, the brokerage firm has noted that over the past three months, exposure to India rose the highest across markets within global Emerging Market (EM) funds.

LPG Price Cut: 19 Kg Commercial Cylinder Rates Slashed By Over Rs 51 — Details Here

Oil marketing companies have announced a reduction of Rs 51 on the price of commercial LPG cylinders, effective from September 1, Monday.

The price of a 19 kg commercial LPG gas cylinder has been slashed by Rs 51.50. Following the revision, the retail price of a 19 kg commercial LPG cylinder in the national capital, Delhi, will be Rs 1,580, according to Goodreturns. In Mumbai, the price was also lower at Rs 1,531.50, and Rs 1,684 in Kolkata. The price was highest among metros in Patna, with Rs 1,829 per cylinder.

Asia Market LIVE Update: BYD Shares Fall 8% After Q2 Profit Decline

Shares of Chinese electric vehicle maker BYD Co. fell 8% to their lowest since February after second-quarter profit missed estimates due to a mix of dealer rebates, an increase in costs, and aggressive price cuts.

The company, which last year beat Elon Musk-led Tesla Inc. to become the world’s top EV seller, reported a staggering 30% plunge in quarterly profit, its first decline in over three years, as per a Bloomberg News report.

Asia Market LIVE Update: Alibaba Shares Jump Nearly 19% In Hong Kong Post Earnings

Alibaba Group Holdings share price jumped nearly 19% to Hong Kong Dollar 137.50 apiece. The Hong Kong-listed share price jumped after the company reported better-than-expected profit on growth of artificial intelligence.

Markets in Japan, South Kora, Australia, and Taiwan fell tracking losses on Wall Street over the weekend. Bucking the trend, shares rose in Hong Kong

US Market Update: Dow Jones, S&P 500 And Nasdaq 100 Futures Advance

US stock futures recovered in Asia session. On Friday, stocks on Wall Street logged losses as technology stocks weighed.

The Dow Jones Industrial Average and S&P 500 were trading 0.18% and 0.17% higher, respectively as of 7:38 a.m. The Nasdaq 100 future was trading 0.24% higher.

LIVE: GIFT Nifty Hints At Positive Open; Brigade Enterprises, Mazagon Dock, H.G. Infra In Focus

The GIFT Nifty was trading 0.17% or 41 points higher at 24,594.00 as of 6:30 a.m., which indicated a positive opening for the NSE Nifty 50 index.

Brigade Enterprises Ltd., H.G. Infra Engineering Ltd., Hindustan Copper Ltd., Mazagon Dock Ltd. and Emcure Pharmaceuticals Ltd. may catch attention of investors because of news flow over the weekend.

The benchmark equity indices closed in the red for the third straight session on Friday, dragged down by shares of Reliance Industries Ltd.

The NSE Nifty 50 ended 74.05 points or 0.3% lower at 24,426.85 and the BSE Sensex closed 270.92 points or 0.34% down at 79,809.6.

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