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Today's Important Stock Market News in India, August 2, 2023

Hey there readers, On Tuesday, August 1st 2023, the stock market closed pretty flat. The Sensex ended just slightly lower at 66,459 while the Nifty closed at 19,733. It was a mixed day of trading overall. IT and metal stocks were looking good with gains, but realty and healthcare names saw some declines. In Asian markets, Japan and Taiwan managed to tick higher but Hong Kong headed lower. China closed flat on the day. Here are some of the top gainers and losers in the Nifty 50: Gainers: - Coal India +4.84% - NTPC +3.11% - Tech Mahindra +2.51% - HCL Tech +1.95% - LTIMindtree +1.75% Losers: - Power Grid -5.36% - Hero Moto -3.17% - Apollo Hospitals -2.73% - IndusInd Bank -1.63% - Bajaj Finserv -1.62% There were mixed auto sales numbers for July from the major players: - Maruti sales up 3.25% - Tata sales down 1.41% - M&M sales up 16% - Ashok Leyland sales up 10.59% - VECV sales down 1.76% Among two-wheelers: - Royal Enfield sales jumped 31.61% - TVS sales rose 3.60% - But Bajaj sales declined 9.85% In other top news: - Output of core sectors rose 8.2% in June, fastest pace in 5 months thanks to gains in steel and coal. - India's manufacturing PMI dipped slightly to 57.7 in July from 57.8 in June. Still strong overall. - Government hiked windfall taxes on crude oil and jet fuel. - Natural gas prices increased over 5% to $7.85 per mmBtu. - Power consumption grew 8.4% annually in July. Stocks in focus included Reliance Retail launching a new affordable laptop, Berger Paints considering a bonus issue, and DLF promoters selling a small stake. Overall a mixed start to August for Indian markets! Let me know if you have any other questions on the day's events. And don't forget to bookmark this page for quick stock market updates! Disclaimer: This content is provided for informational purposes only and should not be construed as investment advice. Please conduct your own research before making any investment decisions. Investing involves risks and you should seek advice from a registered investment advisor.

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