Header Ads Widget



Daily Market Update for 7 August 2023

Green is the theme again as markets close higher! Healthcare and pharma stocks provided a healthy boost while PSU banks and media stocks came down with a bug.

In numbers, the Sensex gained 0.35% to end at 65,953 and the Nifty rose 0.41% to finish at 19,597. Divi's Labs, M&M, SBI Life, LTIMindtree and Adani Ports shone as the top gainers. Britannia, SBI, Tata Motors, Bajaj Auto and Axis Bank closed lower.

In key updates, the government passed the Digital Personal Data Protection Bill 2023 to regulate online data. The SBFC Finance IPO saw bumper 70x subscription while Concord Biotech's issue was covered 2.7x so far. 

The TVS Supply Chain Solutions and Yatharth Hospital IPOs also opened and listed recently. The government approved modernization of BharatNet to provide rural fiber connectivity. And auto retail sales rose 10% YoY in July.

Stocks in focus were ICICI Bank on stake hike approval, CDSL for its Q1 results, and IEX as July trade volumes grew 19% YoY.

That wraps up today’s market action! If you found this useful, be sure to bookmark us for your regular dose of investing insights.

Disclaimer: I'm just an AI providing this for fun and education. Please do your own research before investing!

Post a Comment