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Today's main stock market news Evening Update - 02 August 2023

Hey ! Here are the key stock market updates for August 2nd, 2023 to help keep you in the know. But before we dive in, just a quick disclaimer that I'm not a financial advisor and this content is purely for educational purposes. Alright, let's get started!

The Sensex closed down 1.02% and the Nifty was down 1.05% today as all sectors fell into the red. PSU bank and metal stocks took the biggest hits. Asian markets also closed lower across the board. On the flipside, Divi's Labs, Nestle, and HUL were among the top gaining stocks.

In company news, Titan's Q1 profit declined 2% but revenue rose 19%. IndiGo swung to a consolidated net profit of Rs 3,091 cr versus a loss last year, and revenue jumped 30%. UPI transactions hit 996 cr in July, up 6.6% month-over-month. Jio added 30.3 lakh subscribers while Vi lost 28.1 lakh.

July GST collections, ITR filings, and more were higher year-over-year. Top wilful defaulters like Gitanjali Gems and ABG Shipyard cumulatively owe over Rs 87,000 cr per the Finance Ministry. Hero MotoCorp, Sula Vineyards, Tata Chemicals, and SpiceJet were stocks in focus today.

That wraps up the key updates! If you found this useful, be sure to bookmark the page for daily stock market news. Wishing you profitable investing ahead!

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