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Industry data shows a growth of over 50% in exports compared to the first five months of FY24. With the upcoming production of the flagship iPhone Pro and Pro Max models in the country, analysts predict a significant increase in iPhone export value during the festive quarter and the months to follow.

Asian Paints, Bharti Airtel, ITC, and Hindustan Unilever were among the gainers. Meanwhile, Seoul, Tokyo, Shanghai, and Hong Kong markets were trading lower. US markets mostly ended higher on Tuesday. Foreign Institutional Investors (FIIs) purchased equities worth Rs 2,208.23 crore on Tuesday, according to exchange data.

Forex traders noted that foreign institutional inflows, along with notable corrections in asset classes such as the dollar index and crude oil prices, supported the rupee. Additionally, the Reserve Bank's active intervention helped maintain the rupee within a narrow range.

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Toyota and Tata Motors came in second and third, with 45.83 per cent and 44.35 per cent, respectively.

The 30-share BSE Sensex fell by 281.74 points, closing at 80,902.19, while the NSE Nifty dropped 81.45 points to 24,770.70. Among the 30 Sensex companies, Adani Ports, Tata Steel, NTPC, Power Grid, Mahindra & Mahindra, and Tata Motors were the largest decliners.

Forex traders noted that easing crude oil prices and overall weakness in the dollar index supported the rupee, though the Reserve Bank's active intervention kept it within a tight range. In the interbank foreign exchange market, the rupee traded within a narrow band, opening at 83.96 against the dollar and reaching 83.85 in early trade. It later remained steady at 83.95, unchanged from its previous close.

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The 30-share BSE Sensex fell for the third consecutive day, dropping 233.98 points to 81,967.18 in early trade. The NSE Nifty decreased by 60 points to 25,085.10. Major laggards among the Sensex firms included State Bank of India, UltraTech Cement, Reliance Industries, NTPC, ICICI Bank, and Titan.

Forex traders noted that gains in the rupee were limited by rising international crude oil prices, a decline in domestic equity markets, and foreign capital outflows. On the interbank foreign exchange market, the rupee opened 1 paisa higher at 83.96 against the dollar, following a 4 paisa increase to 83.97 on Thursday.

Anarock’s report reveals that a total of 25 ultra-luxury homes were sold across major Indian cities, including Mumbai, Hyderabad, Gurugram, and Bengaluru, during January-August.

The dollar index, measuring the greenback's strength against six major currencies, fell 0.14% to 101.67. Meanwhile, Brent crude, the global oil benchmark, dropped 0.62% to 73.29 in futures trading.

The 30-share BSE Sensex plunged 721.75 points to 81,833.69 following a weak start to trading. The NSE Nifty dropped 196.05 points to 25,083.80. Among the 30 Sensex companies, JSW Steel, Infosys, Larsen & Toubro, State Bank of India, Tata Steel, Mahindra & Mahindra, Bharti Airtel, and Axis Bank were the major decliners.

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The 30-share BSE Sensex jumped 502.42 points to hit a fresh all-time high of 82,637.03 in early trade

Forex traders noted that the market is awaiting the US GDP and Personal Consumption Expenditure (PCE) inflation data. These data points are crucial as they could influence the Federal Reserve's decision on whether to implement a 25 or 50 basis point rate cut at its September meeting.

The 30-share BSE Sensex fell by 102.78 points to 81,682.78 in early trade, while the NSE Nifty dropped 34.85 points to 25,017.50. However, both indices later recovered, with the Sensex trading up 64.07 points at 81,846.33 and the Nifty up 17.40 points at 25,070.15.

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Nearly 6% stake in InterGlobe Aviation, parent company of IndiGo, exchanged hands during morning trade

Following a decline in 2023, Apple's hardware revenues are projected to grow by 3% year-on-year in 2024, according to Counterpoint Research. This growth is expected to be driven by all major hardware segments, including the iPhone, iPad, Mac, Watch, and AirPods, with new launches playing a key role. AirPods may become the fastest-growing segment this year.

Forex traders noted that, from a macroeconomic perspective, the rupee's downside seems well-contained, with the 84 level serving as critical support, likely due to anticipated RBI intervention to curb further depreciation. At the interbank foreign exchange market, the rupee opened at 83.94, then weakened slightly to 83.95, marking a 2 paise loss from its previous close.

The 30-share BSE Sensex rose 128.81 points to 81,840.57 in early trading, while the NSE Nifty gained 30.4 points to 25,048.15. However, both indices soon experienced profit-taking and moved lower, with the BSE benchmark down 42.46 points at 81,682.57 and the Nifty down 21.60 points at 24,996.15.