2022-08-29 17:22:59
29 Aug 2022
Sensex 57,972.62 ▼ 1.46%
Nifty 17,312.90 ▼ 1.40%
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Fact: Nifty has fallen between 1 and 2% about 103 times in the last 5 years.
Sensex and Nifty fell over 1.4% today.
US markets and several other Asian stock markets also fell on the back of the US Fed chief commenting about further potential increase in interest rates.
IT and media sector stocks fell the most. FMCG was the only sector that closed in green.
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More...
+Prasol Chemicals has received SEBI nod to raise Rs 800 cr via an IPO.
+SEBI has extended the deadline for public comments on the consultation paper on blue bonds till the end of September.
+European Union (EU) will hold emergency energy talks on September 9: Czech Industry Minister Jozef Sikela.
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Other stocks in the news
Reliance Industries: held its Annual General Meeting (AGM) today. Isha Ambani will lead the retail business while energy business will be led by Anant Ambani.
Zomato: CEO Deepinder Goyal mentioned that Zomato app won’t be renamed. ‘Eternal’ will be used as an internal identity.
Lupin: has received USFDA nod for a generic cancer treatment drug.
Grasim: has earmarked Rs 3,117 cr capex for existing businesses for financial year 2023: Kumar Mangalam Birla.
ICICI Bank: has partnered with NPCI to launch RuPay credit cards.
L&T: L&T Technology Services has bagged a multi-million dollar deal from BMW Group.
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Word of the Day
Attrition rate
Attrition rate is a measure of how many employees leave an organization.
It is calculated by dividing the number of resignations by the total number of people who joined the company.
Attrition rate is considered an important metric for the IT industry, where the attrition rate has in recent times varied between 20-25%.
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Featured Question
"I have opened a demat account long back but i never operated. will it be operational now ? can i operate now and start trading"
No, the demat account becomes inactive when not used for some time.
This time varies from 6 months to 2 years depending on the broker/platform.
You can reactivate the account.
All stock brokers have a procedure to reactive the account.
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