The slowdown in the economy resulted in weak imports, thereby causing India’s Current Account Deficit (CAD) to constrict in the last quarter.

The inflow of foreign investor funds is crucial for the growth of the Indian equity market. India is one of the most coveted investment destination for Foreign Institutional Investors (FIIs).

Friday’s afternoon session witnessed a drop in most sugar stocks after Thursday’s rally.

Thermax Limited anticipates a healthy inflow of orders from consumer-facing industries in the remainder of the financial year.

The shares of Axis Bank sank more than 2 per cent from the day’s high of Rs. 806.65 during Thursday’s trading session. This could be because the bank is mulling over raising funds to the tune of at least US$1.3 billion by means of a share sale to institutional investors.

The shares of Bajaj Finance surged 25 per cent, thereby rendering the company’s stock performance the best in the NBFC sector.

The markets closed at higher levels at the culmination of Thursday’s trading session with the Sensex rising by 1.25 per cent and Nifty50 up by 1.2 per cent. The stock that showcased dramatic gains was Jet Airways as it gained nearly 121.97 per cent!

The sales volumes of automobiles showcased a declining trend across most states of India in the month of May. Merely eight states witnessed YoY growth in vehicle registrations on a lower base. Of these, five states are located in the north-eastern regions of India.

Three stocks that exhibited a declining trend for five successive financials years include UCO Bank, Indian Overseas Bank and Reliance Power.

The possibility of losing the contract for Mumbai-Pune Expressway exerted heavy selling pressure on the shares of IRB Infrastructure Developers, causing them to drop 14 per cent to an over 5-year low of Rs. 90 per share in Wednesday’s trading session.