Business
Market Struggles to Maintain Early Gains, Finishes Flat in Choppy Trading Session
By the end of trading, the Sensex had declined by 53.49 points, or 0.06%, finishing at 82,391.72, while the Nifty 50 rose by just 1.05 points to close at 25,104.25.
The broader market reflected similar trends, with the BSE Midcap index remaining flat, while the BSE Smallcap index saw a modest increase of 0.3%.
On the Nifty 50, approximately 25 stocks closed in the green. Grasim Industries led the pack with a gain of 3.66%, followed by Tech Mahindra, which rose by 2.14%, and Dr. Reddy’s Laboratories, up by 2.10%. Conversely, Trent was the biggest loser, down 1.65%, followed by Maruti Suzuki India at a decline of 1.31%, and Bajaj Finance, which fell by 1.22%.
Sector-wise, the performance was mixed. The Nifty Realty index experienced a drop of 1.14%, making it the biggest sectoral loser. Indices for Nifty Bank, PSU Bank, and Private Banks fell by 0.37%, 0.52%, and 0.17%, respectively, while Nifty Financial Services decreased by 0.47%. Key banking stocks like HDFC Bank, ICICI Bank, and State Bank of India saw declines ranging from 0.2% to 0.7%.
On a positive note, sectors like Nifty IT and Media made gains, rising by 1.67% and 1.09%, respectively.
More than 130 stocks on the BSE reached their 52-week highs, including Ujjivan Small, Anupam Rasayan, Eris Life, Ramco Cements, Dalmia Bharat, Fortis Healthcare, Bharat Electronics, Welspun Corp, LT Finance, City Union Bank, Muthoot Finance, Manappuram Finance, AstraZeneca Pharma, Laurus Labs, Max Financial, Abbott India, MCX India, and SRF.
Grasim Industries and UltraTech Cement saw significant increases after Morgan Stanley reiterated its positive outlook on both companies. Investors are closely monitoring US-China trade discussions and upcoming inflation data from the US and India expected later this week.
Business
RBI Ends Special Dollar-Rupee Swap Window Early Amid Strong Demand
Mumbai: The Reserve Bank of India (RBI) has decided to close its special forex swap facility for fresh FCNR deposits early.
The facility will now close on August 31, the RBI said on Friday.
The central bank said the decision was taken after receiving an encouraging response. The facility has attracted $52.3 billion through fresh foreign currency deposits.
Banks can continue to undertake swaps with the RBI against FCNR deposits raised under the facility until September 11.
Meanwhile, the schemes for External Commercial Borrowings and Overseas Foreign Currency Borrowings will remain open until December 31, 2026.
The RBI launched the special US dollar-rupee forex swap facility on June 8. It allowed banks to raise fresh three-to-five-year FCNR deposits.
Banks could then swap these deposits with the RBI at a concessional rate. The facility effectively covered the entire hedging cost for banks.
The strong response to the scheme led the RBI to bring the facility to an early close.
Business
Leksa Lighting Technologies Named among India’s Top 100 MSMEs
Moodbidri: A dream that began in the rural area of Niddodi in Moodbidri has now gained national recognition. Leksa Lighting Technologies Pvt. Ltd., founded by Ronald Sylvan D’Souza, has been recognised as one of India’s Top 100 MSME companies.
The prestigious national recognition was presented by the MSME Udyog Foundation at a ceremony held in New Delhi on August 8, 2026.
Ronald Sylvan D’Souza started his entrepreneurial journey from a humble background. Through hard work, discipline and continuous efforts, he built Leksa Lighting Technologies into a recognised lighting technology company.
The company has focused on quality, technological innovation and indigenous manufacturing. Research and development have also played an important role in its growth.
Leksa Lighting has adopted Japanese work practices to improve its manufacturing and operational standards. The company has also worked towards developing quality lighting solutions in India.
What began as a dream in rural Karnataka has now reached different parts of the country. The company is also making its presence felt in international markets.
Speaking about the recognition, Ronald Sylvan D’Souza said the award was not an individual achievement. He credited the entire Leksa team, customers, business partners, family members and everyone who supported the company.
He said he was proud and happy to see a dream that began in Niddodi and Moodbidri receive recognition at the national level.
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The achievement highlights the potential of rural entrepreneurs. It also shows that determination, discipline and consistent hard work can help a business from a rural area achieve success on a national platform.
Leksa Lighting Technologies’ journey stands as an example of how a local dream can grow into a nationally recognised enterprise.
Business
Vehicle Prices to Increase from August 1
New Delhi: Buying a new vehicle is set to become more expensive from August 1, adding to the financial burden on consumers. Several automobile manufacturers have announced a price hike due to rising production costs.
The increase is mainly driven by higher prices of raw materials and components. The cost of steel, aluminium, rubber, plastic, electronic chips, batteries, and spare parts has gone up in recent months. Global market changes caused by ongoing conflicts and inflation have also increased manufacturing expenses.
As a result, vehicle companies have decided to raise the prices of new models. Customers planning to purchase a new vehicle are likely to pay more from August 1.
The price hike is also expected to affect the travel and transport industry. Travel agencies and tour operators say buying new cars, SUVs, and other passenger vehicles will become more expensive.
Operators have already been facing higher expenses due to increased fuel prices and toll charges. With the additional cost of new vehicles, many travel agencies are preparing to revise their rental charges.
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The Karnataka Travels Association has indicated that travel fares may be increased to manage the rising operating costs. Passengers may have to pay more for each trip if the revised rates are implemented.
Meanwhile, several automobile manufacturers have already published details of the upcoming price increase on their official websites. Consumers planning to buy a new vehicle may consider making their purchase before the revised prices come into effect on August 1.
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