Thursday, September 10
U.S. business activity picked up pace in August, led by a resurgent manufacturing sector that saw the strongest growth in orders in 18 months, a purchasing managers survey showed on Thursday. S&P Global's flash U.S. Composite PMI Output Index, which tracks the manufacturing and services sectors, increased to 55.4 this month, the highest level since December, from 55.1 in July. A reading above 50 indicates expansion in the private sector. "A strong flash PMI reading for August adds to signs that US businesses have enjoyed a strong third quarter so far," Chris Williamson, chief business economist for S&P Global Market Intelligence, said in a statement. "The data are consistent with the economy expanding at a 2.5% annualized rate, up from the average 1.3% expansion seen over the first
Shares of Hero MotoCorp have staged a sharp rally over the past two weeks, climbing 15.3% from the Rs 4,450–Rs 4,600 zone to trade above the Rs 5,100 mark. The upmove, backed by strong volumes, has reflected robust buying interest and positioned the stock near its recent swing highs, placed at the Rs 5,250 zone.The breakout has shifted market focus towards the next set of resistance levels, with technical indicators pointing to sustained strength but also hinting at overbought conditions.Analysts noted that the stock remains in a firmly bullish trend, trading above key moving averages, with higher levels on the horizon if current breakouts hold.Commenting on the technical setup, Shitij Gandhi, Senior Research Analyst (Technicals), SMC Global Securities, said, “HEROMOTOCO is currently t
Metal major Vedanta's board on Thursday approved a second interim dividend of Rs 16 per share for the financial year FY26. The total payout will be Rs 6,256 crore.The Anil Agarwal company has set the record date on Wednesday, August 27, 2025.Vedanta's first interim dividend was Rs 7 per share which was announced on June 18. The payout was Rs 2,737 crores.Vedanta tops the chart as the highest dividend paying stock. Its dividend yield is 8% and the company has paid Rs 35.5 as dividend over the past 12 months.The announcement was made after market hours and Vedanta shares today ended at Rs 447.10 on the NSE, up Rs 1.60 or 0.36% over the Wednesday closing price.The company is in news after the National Company Law Tribunal (NCLT) deferred the hearing on its demerger plan to September 17. The m
