Consumption of crude and oil products hasn’t matched expectations in most places in the world which matter,” said Georgi Slavov, global head of fundamental research at London brokers Marex. “Meanwhile, there is still a consistent accumulation of supply along the entire supply chain and the result is this price weakness we’re seeing.

BEML rose 44.87 per cent for the month to Rs 1,846.50 from Rs 1,274.55 level in June end. Analysts have been positive on the stock as the demerger process has picked up pace and strategic disinvestment is on the cards. Analysts noted that the company’s order book of Rs 9,100 crore provides revenue visibility for the next 2-3 years. JSW Energy soared 43.11 per cent for the month to Rs 341.05 against Rs 238.30 level last month.

The world’s largest travel retailer China Tourism Group Duty Free Corp. tops the list with its $2.1 billion Hong Kong listing, followed by the two mainland IPOs of Shanghai United Imaging Healthcare Co. and Hygon Information Technology Co.

After a troublesome summer in June, July and August both proved positive for the equity market. In August, Nifty Smallcap and Nifty Midcap indices gained 5 per cent and 6 per cent, respectively, for the month.Nifty Energy and Metal were the top sectoral performers gaining over 8 per cent each during the month.

ICICI Securities said that while private label brands spanning food, groceries and other categories have been getting sold from Reliance’s own store networks for some time now, this foray would mean a wider distribution to general and modern trade.Initial focus of the company, it said, would be on the small packs and groceries segment, with wider diversification to follow gradually.

Stocks fell on Wall Street on Tuesday, posting their third loss in a row as traders worry that high interest rates are here to stay for a while. The S&P 500 fell 1.1% Tuesday, bringing its loss in the past three days to 5.1%. The Dow Jones Industrial Average and the Nasdaq also fell. Energy companies fell along with sliding crude oil prices. Technology stocks and industrial companies were also weak.

India's eight core industries which include coal, cement, electricity, refinery products, fertilizers, steel, and natural gas, recorded a growth of 4.5% in July against 9.9% recorded in the same month last year, according to official data released by the Ministry of Commerce & Industry on Wednesday.

A rebound in private consumption - one of the key factors for the economy - and growth in contact-intensive sectors amid declining Covid-19 fears aided economic momentum in the first quarter. Moreover, a severe coronavirus Delta wave in the comparable year-earlier period had impeded growth as consumption demand slackened with state-enforced movement restrictions.

. The regulator has restrained Core Investment (proprietor Deepak Bamne) and Core Group (proprietor Matwar Mehra) from securities markets for three years. The direction came after Sebi received a complaint against the entities for not making payout in respect of the investments made by the complainant. In a separate order, the regulator slapped a fine of Rs 10 lakh on 9 entities for violating regulatory norms in the matter of SI Capital and Finance Services Ltd.