Economic times market news
Here are the latest market news and updates from The Economic Times:
Stock Market
- Sensex falls 200 points, Nifty slips 50 points as investors book profits
- IT stocks lead the decline, with TCS, Infosys, and HCL Tech falling up to 2%
- Banking stocks also decline, with ICICI Bank, HDFC Bank, and Axis Bank falling up to 1.5%
Commodities
- Gold prices rise to 2-month high, up 1.5% to Rs 47,500 per 10 grams
- Crude oil prices fall 1.5% to $63.50 per barrel as US inventories rise
- Natural gas prices rise 2% to $2.50 per mmBtu as demand increases
Currency
- Rupee falls 0.2% to 74.45 against the US dollar
- Dollar index rises 0.1% to 97.50 as US yields rise
- Euro falls 0.2% to 1.12 against the US dollar
Economy
- India's GDP growth slows to 5.7% in Q2, lowest in 6 years
- RBI keeps repo rate unchanged at 5.15%, maintains accommodative stance
- India's trade deficit widens to $14.2 billion in August, highest in 5 months
Global Markets
- US stocks fall as investors worry about trade tensions and economic slowdown
- European stocks decline, with the Euro Stoxx 50 falling 0.5%
- Asian stocks mixed, with Japan's Nikkei 225 rising 0.2% and China's Shanghai Composite falling 0.5%
Company News
- Reliance Industries reports 15.6% rise in Q2 profit, beats estimates
- Tata Steel reports 14.5% rise in Q2 profit, beats estimates
- Hindustan Unilever reports 10.5% rise in Q2 profit, misses estimates
Market Trends
- FII inflows into Indian equities rise to $1.3 billion in August, highest in 5 months
- Mutual fund inflows into Indian equities rise to Rs 12,000 crore in August, highest in 6 months
- India's foreign exchange reserves rise to $461.2 billion, highest in 6 months
Please note that these are just some of the latest market news and updates from The Economic Times, and may not be comprehensive or up-to-date. For the latest and most accurate information, I recommend checking the Economic Times website or other reliable financial news sources.