Stock Market Today: Nifty Ends Below 24,500, Sensex Settles Over 300 Points Lower After See-Saw Trade

And that's a wrap for NDTV Profit's real-time market coverage on Aug 12. Thank you for joining us today.

• Benchmark outperforms broader market indicies

• Sectoral indices end mixed; Pharma, Media top gainers, Finserv, Bank fall the most

• Nifty pharma gains for second day in row , gains led by Alkem lab and biocon

• Nifty fin services falls the most , dragged by Bajaj finance and CIFC

• Rupee opened 5 paise weaker at 87.71 a dollar

• It closed at 87.66 a dollar on Monday.

Source: Bloomberg

PTC Industries has announced a memorandum of understanding with Kineco Aerospace to collaborate on value-added aerospace components and structures, the exchange filing said.

India's hospitality sector has witnessed a sustained demand momentum over last three years. According to experts, the outlook for sector remains buoyant as the demand outpaces supply and discretionary spends.

In the current scenario, Indian Hotels Company Ltd's chief has said that the majority growth for the company is coming from the mid market segment.

Puneet Chhatwal, Managing Director and Chief Executive Officer, IHCL told NDTV Profit that the company expects its Ginger brand to contribute 15% to revenue going forward. "Profitability of the Ginger brand is increasing," he noted.