Stock Market Live: Markets This Week
The benchmark indices ended lower this week, primarily dragged down by the Nifty IT, Media, and Metal sectors. Titan suffered a fall of over 8% this week within the Nifty, followed by HCL Tech and Apollo Hospitals. In contrast, HUL and Kotak Mahindra Bank were the top gainers in the Nifty. Nifty IT was the week's biggest losing sector.
Within Nifty IT, Persistent Systems and HCL Tech recorded the most substantial declines this week. Nifty FMCG, however, bucked the trend, gaining 2% for the week, with HUL and Godrej Consumer leading the advances. In Nifty Bank, Kotak Mahindra Bank and IndusInd Bank posted the largest gains, while Federal Bank and IDFC First Bank experienced the most significant losses.
On a broader scale, BSE fell over 10% for the week, making it the top loser in the Nifty Midcap 150. Similarly, MCX declined by more than 9% for the week, positioning it as the top loser in the Nifty Smallcap 250.
All sectoral indices, with the sole exception of Nifty FMCG, closed lower this week. Nifty Pharma, PSU Banks, Metals, and Media snapped their two-day gaining streaks. Additionally, Nifty Bank, Financial Services, and Auto recorded declines for the second consecutive day, while Nifty Oil and Gas and Realty extended their losses for the third consecutive day.
Stock Market Live: Rupee Weakens Against US Dollar
Rupee closed 16 paise weaker against US dollar at 85.80. For the week, the local currency fell 0.5%, according to Bloomberg data.
Stock Market Live: Nifty, Sensex Close In Red
The Nifty 50 on Friday closed 0.81% or 205 points lower at 25,149. The Sensex also closed 698 points lower at 82,500. Benchmark fell for the 3rd consecutive day.
IREDA fell more than 5% after its Q1 results while TCS fell over 3% after Q1 results. The tech giant was the top loser in Nifty IT and the Nifty 50.
At market close, nearly all sectoral indices experienced losses, with the exceptions of Nifty FMCG and Pharma. Nifty IT and Auto sectors recorded the most significant declines during the trading session. Within Nifty IT, TCS and Wipro were the primary contributors to the fall, while Mahindra and Mahindra and TVS Motors saw the largest drops in Nifty Auto. HUL emerged as the top gainer in both the Nifty and Nifty FMCG, climbing over 4% for the day.
In Nifty Pharma, Glenmark Pharma registered the highest gains. Nifty PSU Bank and Media indices extended their decline for the fifth consecutive day. Nifty Bank and IT also saw their losing streak reach three consecutive days, while Nifty Financial Services and Auto experienced declines for the second consecutive day. Furthermore, Nifty Oil and Gas concluded its third consecutive day of losses.
Stock Market News: European Markets In Red
DAX was down 0.96% and was trading at around 24,220.71 while the FTSE 100 was down 0.47% at levels close to 8,933.08. The CAC 40 Index was also trading 0.88% in the red, trading at 7,832.40 levels.
Stock Market News: US Futures Trade In Red
At 3:21 p.m., futures contract of Dow Jones was down 0.62% to 44,632, that of S&P 500 was also 0.57% down at 6,288.50, and Nasdaq 100 futures contract was 0.55% down at 22,893.
Stock Market News: Smartworks Coworking IPO Fully Subscribed On Day Two
Smartworks Coworking Spaces Ltd.'s initial public offering has been fully subscribed on its second day of bidding on Friday. The IPO was subscribed 50% on its first day, with only the non-institutional investor portion being fully booked.
The grey market premium of Smartworks Coworking IPO has fallen from Rs 34 to Rs 35 as of 1:30 p.m., according to InvestorGain. This implies shares of the company are estimated to list at Rs 432 apiece, indicating a 6.1% premium to the upper end of the price band.
Stock Market Live: Religare Share Price Spike
The shares of Religare Enterprises has seen a sharp spike during trade so far. This rise comes after the board was set to mull a fund raise today.
The share is trading 8.58% higher at Rs 272 and this rise compares to a 0.73% decline in the benchmark index Nifty 50.
Stock Market Live: Dabur Share Price Rises On Dealing Room Buzz
NDTV Profit's decode of dealing room chatter puts the focus on Dabur India shares that are over 2% up. The shares are trading over 2% higher at Rs 533 and this rise compares to the 0.75% decline in the Nifty 50.
Stock Market News: Bitcoin Breaches Rs 1 Crore Mark
Bitcoin has breaches the Rs 1 crore mark for the first time. The crypto currency has hit an all time high of Rs 1,01,27,316.13.
Stock Market Live: IRDEA Shares Continue Decline
Stock Market Live: Nifty 50 Just Over 25,150
The benchmark was trading at levels close to 25,151 as of 2:30 p.m., with the tech giant dragging the index down the most.
Names like TCS, Bajaj Auto, Bharti Airtel, Wipro and Apollo Hospitals are the top draggers of the index, marking losses of over 2%.
Stock Market Live: Puravankara Q1 Business Update
Puravankara's Q1 business update shows that sales value increased by 6% YoY to Rs 1,124 crore. Sales Volume grew 3% to 12.5 lakh square feet. Price Realisation saw a 9% YoY increase, reaching Rs 8,988 per square foot. Customer collections from the real estate business totaled Rs 857 crore.
Stock Market Live: Mahindra Logistics Fundraise
Mahindra Logistics has announced, via an exchange filing, its intention to raise up to Rs 750 crore through a rights issue.
Stock Market Live: Elecon Engineering Shares Rise
After the company posted its first quarter results with a significant rise in profit and revenue, the shares have seen a rise as well.
The scrip was trading 1.88% higher at Rs 660 apiece on the NSE and this compares to 0.75% decline in the benchmark index Nifty 50 as of 12:56 p.m.
Stock Market Live: Elecon Engineering Profit Rises
Elecon Engineering Q1 Highlights (Consolidated, YoY)
Revenue up 25% to Rs 490 crore versus Rs 392 crore.
Ebitda up 41% to Rs 130 crore versus Rs 92.4 crore.
Margin at 26.6% versus 23.5%.
Net Profit at Rs 175 crore versus Rs 73.4 crore
Stock Market Live: INOX Group Shares Mixed
Stock Market Live: INOX Clean Energy Files For IPO
INOX Clean Energy Ltd. has confidentially filed draft papers with markets regulator SEBI to raise Rs 6,000 crore through an Initial Public Offering (IPO), according to industry sources familiar with the development. This could potentially become the largest Indian IPO in the clean energy and renewables sector.
With a proposed equity dilution of over 10%, the company is targeting a market capitalisation of around Rs 50,000 crore, they added.
(Source: PTI)
Stock Market Live: Nifty Breaches The 25,200 Support
The benchmark index Nifty 50 have breached below the 25,200 support levels. The index has been heavily dragged down by tech giants like TCS and Wipro, trading over 2% lower.
The index was trading 0.75% lower as of 12:02 p.m.
Stock Market Live: DMart Shares Slip Ahead Of Results
Shares of DMart operator Avenue Supermarts Ltd. fell 0.82% ahead of the company's first-quarter results on Friday.
DMart's revenue for the June quarter is projected to increase by 17.8% year-on-year, reaching Rs 16,583 crore, according to Bloomberg estimates. The company's Ebitda is expected to rise by 11% to Rs 1,354 crore, although margins are anticipated to narrow to 8.2%. Net profit for the quarter is forecasted to grow by 14% to Rs 883 crore.
Also Read: DMart Share Price Falls Ahead Of Q1 Results
Stock Market News: SEBI’s Massive Pump-And-Dump Crackdown
The Securities and Exchange Board of India is intensifying its investigation into a large-scale pump-and-dump operation involving shell companies, in what is emerging as one of its biggest enforcement crackdowns, people in the know told NDTV Profit.
More than 200 privately listed companies are likely under the regulator’s scanner, with the focus on entities suspected of artificially inflating stock prices and offloading them to unsuspecting investors.
Stock Market Live: Analyst Buy And Sell Calls
Shrikant Chouhan, Head of Equity Research at Kotak Securities, has provided several stock recommendations. He suggests buying IREDA with target prices of Rs 181 and Rs 190, advising a stop loss at Rs 164 from its current market price of Rs 170.
Additionally, he recommends buying Lalpath Lab with a stop loss at Rs 2,880, and SBI with a target price of Rs 825 and a stop loss of Rs 807.
Stock Market Live Update: Enviro Infra Shares Rise
Enviro Infra Engineers Ltd.'s shares surged by 11% on Friday, reaching a five-month high. This spike follows the company's announcement of a Rs 400-crore order win.
In an exchange filing on Thursday night, the company stated, "Enviro Infra Engineers Ltd. forays into ZLD space with Rs 400-crore CETP EPC order issued by the company." The announcement has boosted investor confidence, leading to the sharp rise in share price.
Stock Market Live Update: Shares Of Cupid Rise Over 5%
The shares of Cupid rose over 5% during trade so far, trading 6.87% higher at Rs 117 apiece on the NSE. This rise compares to a 0.58% decline in the benchmark index Nifty 50 as of 10:44 a.m.
Stock Market Live Update: Nifty IT Down
Nifty IT was down over 1% after a few big names posted their first quarter results. The index marked market cap losses of over 48,500 crores so far during trade.
TCS has dragged the index by about 2% while players like LTIM and Wipro follow closely marking losses over 1.5%. HCL Technologies and Persistent Systems are also trading in red.
Stock Market Live Update: Tata Elxsi Shares Trade Lower
The shares of Tata Elxsi were trading lower after the company posted its first quarter results. The shares were down nearly 4% and this compares to a 0.23% decline in the benchmark index Nifty 50 as of 9:56 a.m.
Stock Market Live Update: Zee Entertainment Trades In Red
The shares of Zee Entertainment slipped nearly 3% after shareholders on Thursday rejected proposal to raise Rs 2,237 crore via warrants issuance to promoters. This fall compares to a 0.21% decline in the Nifty 50 as of 9:48 a.m.
The resolution was rejected as the number of votes cast in favour was less than three times the number of votes cast against it. While 32.47 crore, or 59.5%, of the votes came in favour of the resolution, 22.09 crore votes were cast against it, which translated to rejection from 40.5% of the shareholders.
Stock Market Live Update: HUL Shares Rise Over 4%
The shares of HUL have surged over 4% after a change in management. On Thursday, the company announced that Rohit Jawa is set to step down as managing director and chief executive officer effective July 31.
The company appointed Priya Nair as MD & CEO for 5 years, effective Aug. 1. This has also received reactions from brokerages.
Stock Market Live Update: TCS Shares Slip After Q1 Results
The shares of TCS has slipped lower, dragging the benchmark index Nifty 50 after posting its first quarter results. The scrip was trading 1.81% lower at Rs 3,382 compared to a 0.21% decline in the Nifty 50 as of 9:37 a.m.
Stock Market Live Update: Glenmark Pharma Hit Upper Circuit
The shares of Glenmark Pharma has hit an upper circuit trading at Rs 2,094, which is the upper price band of the scrip. The 10% rise in its share price comes after the company's mega deal with AbbVie for a cancer drug.
Nifty 50 Live Update: TCS, Infosys Drag, HUL Shares Gain
In the Nifty 50, Tech giants like TCS and Infosys dragged the index down as they were trading over 1% lower. Names like HUL, IndusInd Bank and Tata Consumer have been trading in the green, leading gains for the index.
Stock Market Live Update: Nifty Drops 0.3%, Sensex Down 300 Points
At market open, both Nifty 50 and Sensex were trading lower. Nifty dropped 0.3%, while Sensex was down 300 points.
Stock Market Live Update: Nifty, Sensex Trade Lower At Pre-Open
At pre-open, the NSE Nifty 50 was trading 0.39% lower at 25,255. The BSE Sensex was 0.44% lower at 82,820.
Rupee Vs Dollar: Check Today's Trading Range
Rupee opened weak against US dollar at 85.83. The local currency had closed at 85.65 against US Dollar on Thursday, according to Bloomberg.
Stock Market Live: TCS, Glenmark Pharma And HUL In Focus
The shares of the TCS, or the bellweather of the Indian IT sector will be in focus today after it had posted its first quarter earnings. Glenmark Pharma will also take the spotlight following its mega deal with AbbVie.
Shares of HUL is also set to see movement going into trade after Rohit Jawa is set to step down as managing director and chief executive officer. The company appointed Priya Nair as MD & CEO for 5 years.
Hyundai: Why This Brokerage Initiated On The Stock
Nuvama has initiated coverage on Hyundai Motor India Ltd. with a 'buy' rating, setting an ambitious target price of Rs 2,955, with a 4% upside.
The positive view is driven by the company's strong market position as India's second-largest passenger vehicle original equipment manufacturer and its promising product pipeline, which includes 26 new models and refreshes.
TCS: What Brokerages Say Post Q1 Earnings
Tata Consultancy Services Ltd. still has favour among analysts, despite a weak start to the current financial year.
Citi expects slowing growth to put pressure on premium multiples and estimates TCS's earnings will grow at a 3% CAGR in three years. "The company's cost optimisation efforts have helped deliver relatively good margin performance," the brokerage said.
Nifty Today: What F&O Cues Indicate
Nifty July futures down by 0.57% to 25,414 at a premium of 59 points.
Nifty July futures open interest up by 0.07%.
Nifty Options July Expiry: Maximum Call open interest at 26,500 and Maximum Put open interest at 24,000.
Stock Market News Live: Global Cues
The U.S. Dollar Index was at 97.81. The U.S. 10-year bond yield stood at 4.35%.
Commodities like Brent crude rose 0.24% at $68.9 per barrel and Bitcoin rose 2% at $115,945. While WTI crude fell 0.3% to $66.9 per barrel.
Stock Market News Live: Global Check
US equities closed at a new all-time high on Thursday as investors parsed a slew of tariff headlines and looked ahead to corporate results that are due to start next week.
The S&P 500 Index added 0.3%, with nine of the 11 sectors rising, led by consumer discretionary and energy. The Nasdaq 100 dipped 0.2%, and the Dow Jones Industrial Average jumped 0.4% to trade near its all-time high reached in December.
Asian equities were mixed as the dollar strengthened after President Donald Trump ratcheted up trade tensions yet again by floating a higher “blanket tariffs” rate on most trading partners.
Stock Market News Live: GIFT Nifty Indicates A Lower Start
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The GIFT Nifty was trading near 25,290 early Friday. The futures contract based on the benchmark Nifty 50 fell 0.48% at 25.290 as of 7:11 a.m. indicating a negative start for the Indian markets.
The Indian benchmark equity indices continued to fall for a second session on Thursday, dragged by share prices of Bharti Airtel Ltd., and HDFC Life Insurance Co.
The NSE Nifty 50 ended 120.85 points, or 0.47% lower at 25,355.25, while the BSE Sensex closed 345.80 points, or 0.41% down at 83,190.28. During the day, Nifty fell 0.53% to trade at 25,340.45 and Sensex declined 0.48% to 83,134.97.
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