Stock Market Today | Share Market Live Updates - Find here all the live updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for July 8, 2024.


  • July 08, 2024 16:34

    Stock Market Live Today: Markets settle on flat note in muted trade

    Stock market benchmark indices Sensex and Nifty ended flat on Monday in a lacklusture trade as investors opted to book profits after the recent record rally in equities.

    Weak cues from Asian markets also added to the muted trend in domestic equities.

    After beginning the trade on a weak note, the 30-share BSE Sensex declined 36.22 points or 0.05 per cent to settle at 79,960.38. During the day, it went lower by 264.77 points or 0.33 per cent to 79,731.83.

    Read more here.

  • July 08, 2024 16:22

    Stock Market Live Today: Rupee falls 1 paisa to 83.50 against US dollar

    The rupee pared initial gains to settle 1 paisa lower at 83.50 against the US dollar on Monday, as muted domestic equities weighed on investor sentiments.

    Read more here.

  • July 08, 2024 14:42

    Stock Market Live Today: Waaree Renewable Technologies gets 412.5 MW solar project in Rajasthan.

  • July 08, 2024 14:30

    Commodity Market Today: Owais Metal declared preferred bidder for gold mine project in Rajasthan, deposits ₹100 crore as first instalment - SME update

  • July 08, 2024 14:25

    Stock Market Live Today: GRM Overseas partners with Diplomat Georgia for Tanoush basmati rice

    GRM Overseas has entered into an agreement with Diplomat Georgia to place its own brandof basmati rice Tanoush through Diploma Distribution Channels.

    GRM has entered into an agreement with Diplomat Georgia to place its own brand of basmati rice ‘Tanoush” through Diplomat Distribution Channels. Tanoush’ basmati rice will be available in 1Kg, 5kg, and 20 kg pack sizes.

    As per the terms of the agreement, Diplomat Georgia will be the exclusive distributor of GRM Overseas products in Georgia for a period of two years. Diplomat Group has presence in Isreal, Cyprus and New Zealand also.

  • July 08, 2024 14:21

    Stock Market Live Updates: Sakar Healthcare started product dossier submission in anti-cancer segment to overseas countries.

  • July 08, 2024 14:20

    Stock Market Today: Tide Water Oil: Promoter increased stake in company from 62.27% to 64.15% during Q1.

  • July 08, 2024 13:29

    Stock Market Live Today: Nifty @ 1.25 p.m.

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  • July 08, 2024 13:27

    Nifty Today: IndiaVIX VS Nifty50

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  • July 08, 2024 12:59

    Stock Market Live Today: Performance of global equities at this hour of trade

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  • July 08, 2024 12:59

    Sensex Today: Top gainers, losers at 1 p.m.

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  • July 08, 2024 12:52

    Nifty Today: Most active securities at 12.55 p.m.

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  • July 08, 2024 12:49

    Sensex Today: Key Market Statistics as on 12.46 p.m.

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  • July 08, 2024 12:47

    Nifty Today: Top losers at this hour of trade

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  • July 08, 2024 12:46

    Nifty Today: Top gainers at this hour of trade

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  • July 08, 2024 12:44

    Stock Market Live Today: Accel and Flipkart-backed Zinka Logistics Solutions Limited files DRHP for IPO

    Bengaluru-based Zinka Logistics Solutions, one of the country’s largest digital platform for truck operators in FY24, has filed its draft red herring prospectus (DRHP) with capital market regulator SEBI to mop up funds through an initial public offering (IPO). 

    The IPO, with a face value of ₹1 each, is a mix of fresh issuance of Rs 550 crore and an offer for sale of up to 21.61 million equity shares by promoters and Investor Selling Shareholders.

  • July 08, 2024 12:37

    Stock Market Live Today: CapitaLand India Trust earns ‘BBB-’ rating from Fitch; stable outlook with strong IT demand

    Fitch Ratings has assigned Singapore-listed CapitaLand India Trust (CLINT) a first-time Long-Term Issuer Default Rating (IDR) of ‘BBB-’. The Outlook is Stable.

    The rating is underpinned by the trust’s high-quality portfolio of Grade A offices in India, which we expect will sustain high occupancy rates and positive rental reversions amid strong demand for IT outsourcing services. This counterbalances its rising exposure to asset developments and acquisitions. We expect EBITDA net leverage to peak at 8.5x in 2025 before reducing to around 7.0x thereafter.

    Our rating case has not factored in any equity raising, as this will be subject to market conditions. Our expected peak EBITDA net leverage is above the level for CLINT’s current rating, but we acknowledge that it has a number of levers and leverage could be lower than our forecast. In particular, CLINT has an established record of prudently managing development risks, as well as strong credit- and equity-market access that has allowed it to maintain a healthy capital structure with gearing (debt/total assets) of below 40%

  • July 08, 2024 12:36

    SBI: FII stake rises to 11.16%, DII stake falls to 23.61%, LIC boosts stake to 9.06%

    SBI Q1:

    Flls STAKE INCREASED TO 11.16% FROM 11.09%

    DIIS STAKE REDUCED TO 23.61% FROM 23.96%


  • July 08, 2024 12:15

    Stock Market Live Today: NUVAMA ON CGD 

    * MGL - Maintain Buy; Hike target price to Rs 1957 from Rs 1670

    * IGL - Maintain Buy; Hike target price to Rs 598 from Rs 519

    * Gujarat Gas – Maintain Buy; Hike target price to Rs 740 from Rs 676

    * Expect CNG total cost of ownership (TCO) to be 29%-32% < petrol, 28%- 30% < EV

    * Bike to add 5%-13% to CNG volume by 2030

  • July 08, 2024 12:14

    Stock Market Live Today: EQUIRUS ON R SYSTEMS

    * Initiate Add with target price of Rs 570 

    * Niche positioning with Niche positioning with a rich partnerships, & strong client relationships

    * Recent transformation in leadership and growth strategies flow in - benefits begin to Flow in 

    * Sales growth and margins likely to improve starting CY25

  • July 08, 2024 12:14

    Stock Market Live Today: NVESTEC ON POWER UTILITIES.

    * NHPC - Initiate Buy with TP of Rs 124.

    * Inox Wind - Initiate Buy with TP of Rs 176.

    * Kalpataru Projects - Initiate Buy with TP of Rs 1473.

    * KEC International - Initiate Buy with TP of Rs 1002.

    * JSW Energy - Initiate Hold with TP of Rs 687.

    * Power demand to remain strong over FY24- FY32.

    * Onus back on thermal to meet rising demand.

    * Wind and Transmission space to witness fresh capex on RES play.

    * Despite these developments, country could witness peak deficit.

  • July 08, 2024 12:13

    Stock Market Live Today: Trading Tweaks 

    Price band Changes from 10% to 5%: Century Extrusions, Cochin Shipyard, Garden Reach Shipbuilders & Engineers. 

    Ex/record Dividend: Computer Age Management Services. 

    Ex/record AGM: Nucleus Software Exports. 

    Moved in short-term Framework: GM Breweries.

  • July 08, 2024 12:13

    Stock Market Live Today: Equirus on R Systems

    Initiate Add with TP of Rs 570

    Niche positioning with a rich service portfolio, robust tech partnerships, & strong client relationships

    Recent transformation in leadership and growth strategies – benefits begin to flow in.

  • July 08, 2024 12:13

    Stock Market Live Today: Sectoral Updates: Telecom - Apr-June 2024 Earnings Preview - Steady growth expected

    Telecom – Swarnendu Bhushan, Co-Head of Research, Prabhudas Lilladher Pvt. Ltd.

    Q1FY25 Revenue and EBITDA of telecom companies in our coverage universe (Jio (unrated) + Bharti) is expected to increase by 2%QoQ and 3% QoQ to Rs647.6bn and Rs337.7bn respectively led by healthy subscriber addition of 11.5mn, besides building gradual increase in ARPU growth (~1%QoQ). We maintain our positive stance on the telecom sector given the much needed tariff hikes undertaken by the company. Maintain ‘Accumulate’ rating on Bharti with SOTP based TP of Rs1,618 as we incorporate minor changes in our assumptions.

    § Bharti Airtel: For Q1, we have factored subscriber growth of 4mn (Q4FY24: 6.7 mn) to 356mn coupled with ARPU flat at Rs 210. Airtel Africa business is expected to remain muted QoQ, and we have factored in a 4% QoQ growth rate for the enterprise business. For DTH we have factored a growth of 4% QoQ.

    § Accordingly, Bharti’s Q1FY25E consolidated Revenue/EBITDA is expected to increase to Rs381.6bn (+1.5% QoQ)/Rs196.5 bn (+1.5% QoQ).

    § Bharti is also targeting ~Rs 500bn market opportunity with its Enterprise offerings including CPaaS, cloud, cybersecurity and data centers as company expects 80% of corporates will put up 5G within next 3 years.

    § JIO: We expect JIO to report Revenue/EBITDA of Rs266bn (2.5% QoQ)/Rs 141bn (3.7% QoQ). We have also factored in ARPU of Rs183 (flat QoQ) and subscriber addition of ~8mn in Q1 to 489.3mn

  • July 08, 2024 11:59

    Commodities Market updates: Lead futures: Projected to fall, go short

    Lead futures on the Multi Commodity Exchange (MCX) declined sharply between May 29 and June 14. But then, the downtrend lost momentum, and the contract started to trace a sideways trend.

  • July 08, 2024 11:39

    Stock Market Live Updates: Researchbytes events update as of 10:22 AM Monday 08 July 2024

    11:00 AM Shilpa Antibiotics .

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    eMudhra : (replay)

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    Vilas Transcore Limited : (replay)

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    Dr Reddys Labs : (replay)

    Infosys : (replay)

    Asian Paints : (replay)

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    Results today …

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    Replays available at

  • July 08, 2024 11:36

    Stock Market Live Today: Electric vehicle registrations in India grew by 16% in H1 2024, with a positive outlook for future growth

    Electric vehicle registrations in India witnessed a 16 per cent growth in H1 in 2024 year-on-year.

    According to Vahan data, which tracks vehicle registrations in the country, 8,42,396 electric vehicles were registered between January and June 2024, whereas 7,23,492 electric vehicles were registered during the same period in 2023.

    Further, retail sales of passenger electric vehicles in June reported a year-on-year decline of 1.3 per cent while the month-on-month share declined from 2.5 per cent in May to 2.4 per cent in June.

  • July 08, 2024 10:43

    Share Market Live News: Bank Nifty prediction today – July 8, 2024: Charting a sideways trend, buy on a dip

    Bank Nifty opened today’s session with a gap-down at 52,533 versus Friday’s close of 52,660. But the index recouped some of its losses and is now hovering around 52,560, down 0.2 per cent.

  • July 08, 2024 10:41

    Stock Market Live News: Nifty prediction today – July 8, 2024: Intraday trend uncertain now, buy on a breakout

    Nifty 50, the Indian benchmark index, opened today’s session almost flat at 24,329 versus Friday’s close of 24,324. It is now hovering around 24,290, down about 0.1 per cent in early trade.

    Tata Motors and Hindustan Unilever, up 1.8 and 1.3 per cent, respectively, are the top gainers in Nifty 50. On the other hand, Titan Company and Divi’s Laboratories are the top losers by depreciating 4 and 1.8 per cent, respectively.

  • July 08, 2024 10:32

    Stock Market Live Today: Zerodha faces issues

    In an X post the online brokerage said

    Some of our users were facing issues seeing the latest status of some orders while the orders themselves were successfully placed. This issue is now fixed. 

    The status for new orders is updating fine now. We’re working on updating the status for older orders. Apologies for the inconvenience caused.

  • July 08, 2024 10:30

    Stock Market Live Today: Tata Motors strong JLR performance gets bullish endorsement from JPMorgan and SSL Research

    JPMorgan and SSL Research are optimistic about Tata Motors’ Jaguar Land Rover (JLR) division, citing robust performance in 1QFY25. JLR’s wholesales grew 5% YoY to 97,755 units, with retail volumes up 9% YoY at 111,180 units. The surge in higher-margin products like Range Rover and Defender contributed significantly, with the new Range Rover EV accumulating over 39,000 bookings. JPMorgan maintains an overweight rating with a target price of Rs 1115, emphasizing strong growth in retail and wholesales excluding the China JV. SSL Research highlights the continued strong demand from North America and the UK, underlining positive short-term prospects for Tata Motors.

  • July 08, 2024 10:15

    Stock Market Live Today: Stock Recommendations: SSL Research on Tata Motors

    Tata Motors Ltd - 1QFY25 JLR Volume Updates

    ▶️ JLR Wholesales were up 5% YoY at 97,755 units while retail volumes were up 9% YoY at 111,180 units.

    ⏩ The mix of higher margin products such as Range Rover and Defender increased to 68%/59% of the total wholesales/retails.

    ⏩ The demand environment continues to remain strong for JLR led by North America and UK. The waiting list for the new Range Rover EV continues to grow with over 39,000 bookings.

    Positive in short term

  • July 08, 2024 10:14


    NHPC - Buy, TP Rs124

    Inox Wind - Buy, TP Rs176 

    Kalpataru Power - BUy, TP Rs Rs1473 

    KEC International - Buy, TP Rs1002 

    JSW Energy - Hold, TP Rs 687

  • July 08, 2024 10:13

    Stock Market Live Today: Stock Recommendations: Tata Motors

    Macquarie on Tata Motors

    O-P, TP Rs 1171 

    JLR: Product mix surprises +vely; bodes well for margins 

    JPM on Tata Motors

    OW, TP Rs 1115 

    (JLR) 1QFY25 wholesales (ex-China JV) at 97.8K (+5% YoY) 

    Overall retails (111K) grew 9% YoY & ex-China JV retail growth was 15% YoY

  • July 08, 2024 10:13

    Stock Market Live Today: Stock Recommendations: UBS on Bandhan BK

    Neutral, TP Rs 230 

    Board approved appointment of Ratan Kumar Kesh as Interim MD&CEO (joined as COO in March’23) 

    He takes charge on 10 July for a period of 3 months or until a new MD&CEO is appointed, whichever is earlier

  • July 08, 2024 10:13

    Stock Market Live Today: Stock Recommendations: MS on Titan

    EW, TP Rs 3526 

    Top-line Growth Miss, Low-single-digit Buyer Growth 

    Reported top-line growth below est, mainly led by 8% growth in jewellery biz (we’d expected +20%) 

    Given this backdrop, 1Q jewellery margins are likely to disappoint vs. 11% est

  • July 08, 2024 10:12

    Stock Market Live Today: Stock Recommendations: GS on Titan

    Buy, TP Rs 3700 

    1QFY25 revenue update was disappointing 

    Jewellery slowdown much sharper than expected 

    Titan’s key competitor did much better in 1Q, which is a cause for concern 

    Titan’s jewellery margins also likely to be weak

  • July 08, 2024 10:12

    Stock Market Live Today: Stock Recommendations: CLSA on Titan

    O-P, TP Rs 4045 

    Standalone sales growth of 9% YoY, below estimate of 11%. 

    Jewellery growth of 9% also missed forecast of 11% 

    Believe any correction in rare soft results should be seen as an opportunity to accumulate 

  • July 08, 2024 10:12

    Stock Market Live Today: Stock Recommendations: JPM on Titan

    Downgrade to Neutral, TP Rs 3450

    After 8 quarters of being in-line or better, jewellery revenue growth at 9% in Q1FY25 was below already lowered expectations 

    Lower FY25-27E EPS by 5-6%

  • July 08, 2024 10:12

    Stock Market Live Today: Stock Recommendations: UBS on Info Edge

    Neutral Call, Target Rs 6,055 

    Co Reports Billing Growth Of 11% YoY In Q1FY25, With Improvement In Naukri Billing 

    9% YoY Growth In Naukri’s Billing Is The Highest Growth In 5 Quarters 

    Improvement In Naukri Billing On A Low Base (Q1FY24 Was Down 4% YoY) 

    Underlying Hiring Trends Remain Weak 

    YoY Improvement In Billing Suggests A Potential Pick Up In Hiring

  • July 08, 2024 10:11

    Stock Market Live Today: Stock Recommendations: MS on Reliance Ind

    Overweight Call, Target Rs 3,540 

    It’s All About Gross Refining Margin In Upcoming Earnings 

    View Co As A Play On Monetisation 4.0 Cycle 

    Refining Upcycle View Remains Intact Despite Decline Last Quarter 

    Business Cycles Across Verticals For Rest Of 2024- New Energy, Refining, Chemicals 

    Business Cycles Across Verticals For Rest Of 2024- Telecom, Imply Re-rating 

    Net Debt And Slower Capex Intensity Should Support Valuation In FY25

  • July 08, 2024 10:11

    Stock Market Live Today: Stock Recommendations: MS on Bk Of Baroda

    Equal-Weight Call, Target Rs 280 

    Domestic Loans Declined By 2% QoQ In Q1 Biz Update (Vs 4.2% QoQ) 

    Domestic Loans Declined Mainly Due To Non-retail Loans, Down 3.5% Vs +4% 

    Domestic Retail Was Healthy, At 3.6% Vs 5.5% 

    Overseas Book Was Down 1% Vs +2.7% Last Quarter 

    Domestic Deposits Declined, Down 2% Vs +5.7% QoQ 

    Domestic LDR Was Steady QoQ

  • July 08, 2024 10:11

    Stock Market Live Today: Stock Recommendations: MS on Marico

    Equal-Weight Call, Target Rs 566 

    Co’s Q1 Performance Was Broadly In-line With Our Estimates 

    Co’s Demand Trends Continued Gradual Improvement 

    Management Expects Revenue Growth To Improve, Led By Domestic Volume Growth 

    Revenue Growth To Improve Led By Higher Realisations

  • July 08, 2024 10:11

    Stock Market Live Today: Stock Recommendations: UBS on Bajaj Auto

    Sell Call, Target Rs 6,250 

    Co Launches 125cc CNG Motorcycle At Rs 95-1,10,000 

    Continue To Believe Future Is EV 

    CNG Motorcycles Won’t Impact The Electrification Pace Of The Market 

    100- 110cc Motorcycle & Entry Level 125cc Motorcycles Will Be Impacted Over Medium-term 

    Analysis Indicate Hero Has A Market Share Of 66% In This Segment 

  • July 08, 2024 10:06

    Stock Market Live Today: World News Highlights

    1)U.S. job openings rose slightly to 8.1 million in May despite the impact of higher interest rates intended to cool the labor market. Vacancies rose from a revised 7.9 million in April, the first reading below 8 million since February 2021, the Labor Department reported Tuesday.

    2)The ADP Employment report showed that US private businesses added 150,000 workers to their payrolls in June, the lowest increase in five months. This figure fell short of the expected 160,000 and was below the downwardly revised 157,000 in May.

    3)The Labor Department reported Wednesday (3rd July) that jobless claims for the week ending June 29 rose by 4,000 to 238,000 from 234,000 the previous week. The data was issued one day earlier than its regular Thursday release due to the July Fourth holiday.

    4)The US Nonfarm Payrolls (NFP) rose 206,000 in June, the US Bureau of Labor Statistics (BLS) reported on 5th July. This reading followed the 218,000 increase (revised from 272,000) recorded in May and came in above the market expectation of 190,000.

    5)The US Unemployment Rate edged higher to 4.1% from 4%, while the Labor Force Participation Rate ticked up to 62.6% from 62.5%. Finally, wage inflation, as measured by the change in the Average Hourly Earnings, declined to 3.9% on a yearly basis from 4.1%, matching the market expectation.

    6)The US economy showed signs of strengthening in June according to S&P Global PMI data. The Composite PMI, which tracks activity in both manufacturing and services sectors, rose to 54.8 in June, up from 54.5 in May. The growth was driven by the services sector, where PMI climbed to 55.3 from 54.8, while manufacturing PMI moderated slightly to 51.7 from 51.3.

    7)The US services sector contracted in June as indicated by the ISM Services PMI falling to 48.8, down from 53.8 in May. This marks the first time in 17 months that the index has dipped below the 50 mark, which separates expansion from contraction.

    8)US S&P Global Manufacturing PMI edged up to 51.6 in June from 51.2 in May, indicating modest growth, the Institute for Supply Management (ISM) Manufacturing PMI declined to 48.5 from 48.7 in May, suggesting contraction in the sector.

    9)The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $75.1 billion in May, up $0.6 billion from $74.5 billion in April, revised. May exports were $261.7 billion, $1.8 billion less than April exports.

    10)The service sector in the Eurozone grew at a slightly slower pace in June. The HCOB services PMI dipped to 52.8 from 53.2 in May. Overall business activity also eased, with the composite PMI falling to 50.9 from 52.2.

    11)Prices charged by producers in the Eurozone continued to fall in May. The producer prices index dropped 4.2% compared to May 2023, after a steeper decline of 5.7% in April.

    12)Inflation in the Eurozone edged down slightly in June. The annual rate dipped to 2.5% compared to 2.6% in May. However, underlying inflation, which excludes volatile energy and food prices, remained steady at 2.9%.

    13)Unemployment Rate in the Euro Area remained unchanged at 6.40 percent in May. The Unemployment Rate in Euro Area averaged 9.30 percent from 1995 until 2024, reaching an all-time high of 12.20 percent in January of 2013 and a record low of 6.40 percent in April of 2024.

    14)In June, the Eurozone HCOB Manufacturing PMI fell to 45.8, down from 47.3 in May, indicating a contraction in the manufacturing sector.

    15)The U.K.’s opposition Labour Party won a huge parliamentary majority in the country’s general election, unseating the incumbent Conservatives after 14 years. Early on Friday morning, Labour passed the threshold needed to govern alone as outgoing PM Rishi Sunak conceded defeat. Sunak later exited Downing Street and resigned as the Conservative Party leader. Keir Starmer, leader of the center-left Labour, now becomes the country’s next prime minister after declaring victory in the early hours.

    16)The UK service sector grew at a slower pace in June. The S&P Global Services PMI dipped to 52.1 from 52.9 in May. Overall business activity also eased slightly, with the composite PMI falling to 52.3 from 53.0.

    17)The UK construction industry’s growth slowed down in June. The S&P Global Construction PMI dipped to 52.2, down from 54.7 in May.

    18)In June, the UK S&P Global Manufacturing PMI dipped to 50.9, down from a 22-month high of 51.2 in May. This indicates a slight moderation growth in the manufacturing sector compared to the previous month.

    19)Japan’s service sector contracted in June. The Jibun Bank Services PMI dropped to 49.4, down from 53.8 in May. This indicates a decline in business activity. Overall economic growth also slowed, with the Composite PMI falling to 49.7 from 52.0.

    20)Japan’s economy shrank at a steeper-than-expected rate of 2.9% in the first three months of 2024. This is lower than the initial estimate of a 1.8% decline and comes after a previously reported growth of 0.1% in the last quarter of 2023, which was also revised downward.

    21)China’s economic growth showed signs of slowing in June. The Caixin China General Services PMI, which tracks activity in the service sector, fell to 51.2 from 54.0 in May. Overall business activity, reflected in the General Composite PMI, also dipped to 52.8 from 54.1.

  • July 08, 2024 10:06

    Stock Market Live Today: India News Highlights

    1)India’s foreign exchange reserves decreased by $1.71 billion to reach $652 billion as of June 28, according to data released by the Reserve Bank of India (RBI). The previous week saw an increase in reserves, by $816 million to $653.7 billion as of June 21.

    2)India’s HSBC composite PMI edged up to 60.9 in June, reversing a five-month slide and reaching a level higher than May’s 60.5. The services PMI also showed improvement, rising to 60.5 from 60.2 in May.

    3)The HSBC final India Manufacturing Purchasing Managers’ Index (PMI), compiled by S&P Global, rose to 58.3 in June, slightly below the preliminary estimate of 58.5, but up from 57.5 in May. Strong demand is crucial for growth in Asia’s third-largest economy, which is currently the fastest-growing major economy

    4)Markets regulator Sebi drastically cut the face value of debt securities to Rs 10,000 from Rs 1 lakh at present to boost participation of retail investors in the corporate bond market. Market participants are of the view that lower ticket size of debt securities may encourage more non-institutional investors to participate in the corporate bond market which in turn may also enhance liquidity.

    5)India’s goods and services tax (GST) collections rose 7.7 percent to Rs 1.74 lakh crore in June as compared to Rs 1.73 lakh crore in May. The numbers were a tad higher than the previous month but lower than the GST mop-up in April, when they peaked at Rs 2.1 lakh crore.

    6)As per paragraph 13(ii) of the Government of India Notification, the interest rate on FRSB 2020 (T) bonds resets every six months starting from January 1, 2021. The rate is set at 35 basis points above the prevailing National Savings Certificate (NSC) rate. Following this rule, the coupon rate for FRSB 2020 (T) from July 1, 2024, to December 31, 2024, and payable on January 1, 2025, remains at 8.05% (7.70% + 0.35%), unchanged from the previous six months. 

    7)The Centre raised windfall tax on petroleum crude to 6,000 rupees ($72) per metric ton from 3,250 rupees, effective from July 2, a notification showed. The windfall tax is revised every two weeks and as per the notification it remained unchanged at zero for diesel and aviation turbine fuel.

    8)In the fiscal year 2023-24 (FY24), GST collections soared to a historic approximately 20.2 trillion rupees. Despite growth maintaining a pace above 10 percent, it has decelerated compared to previous rates, according to data from Centre for Monitoring Indian Economy and government releases.

    9)The government will present the Budget for 2024-25 (Apr-Mar) in Lok Sabha on Jul 23, Parliamentary Affairs Minister Kiren Rijiju said. In view of the general election, the Centre presented an interim Budget for the current fiscal year in February.

    10)Mumbai Metropolitan Region Development Authority (MMRDA) has received approval to raise up to Rs 50,000 crore through bonds. The approval was given after a meeting by the authority on Friday (5th July). The MMRDA, under the leadership of metropolitan commissioner Dr Sanjay Mukherjee, will utilize bonds as a fund-raising mechanism. Earlier, the MMRDA relied solely on borrowings and land monetization. A senior official revealed that the initial amount to be raised will be based on immediate requirements, potentially starting with Rs 10,000 crore and gradually increasing to meet the maximum requirement.

  • July 08, 2024 10:05

    Stock Market Live Today: Weekly Market Update: July 1 -5, 2024

    •Fixed Income

    The New 10-Year Benchmark GOI 7.10 2034 traded between 6.98% - 7.02% during this week.

    The Old 10-Year Benchmark GOI 7.18 2033 traded between 7.02% - 7.06% during this week, tracking movement involved around US Treasury Yields, US Job data, and crude oil prices.

    •Auction Highlights

    RBI conducted the Auction for G-sec, SDL, and T-Bill for the aggregated amount of INR 28,000 Crore, INR 14,100 (14,092.875) Crore, and INR 20,000 Crore, respectively. 

    G-sec Cutoff: 

    7.02% GS 2027: 100.15/6.9577%\u0009

    7.23% GS 2039: 101.72/7.0391%

    7.30% GS 2053: 102.64/7.0837%

    SDL Cutoff:

    09 Years: PN 7.38%, AP 7.37%

    10 Years: MG 7.39%, PN 7.38%, TN 7.35%

    12 Years: AP 7.37%, MN 7.39%

    13 Years: TS 7.36%

    17 Years: AP 7.36%

    18 Years: TS 7.37%

    21 Years: AP 7.36%

    22 Years: JK 7.36%, 7.42%

    24 Years: AP 7.36%

    T-Bill Cutoff:

    091 Days: INR 8000 Crore 98.3375/6.7810%

    182 Days: INR 6000 Crore 96.6739/6.9000%

    364 Days: INR 6000 Crore 93.5185/6.9498%\u0009


    1)Brent Crude Oil: $84.85-$87.89 (Per barrel)

    2)Gold: INR 7,238-INR 7,309 24 Carat (1 Gram)

    3)Silver: INR 90,000-INR 93,200 (1 KG)

    •US Treasury Yield:

    1)US 2 Years Treasury: 4.59%-4.79%

    2)US 5 Years Treasury: 4.21%-4.45%

    3)US 10 Years Treasury: 4.26%-4.49%

    •Corporate Bond Highlights

    AAA 3 Years Bond traded between 7.68%-7.72% this week.

    AAA 5 Years Bond traded between 7.65%-7.78% this week.

    AAA 10 Years Bond traded between 7.55%-7.59% this week.

    •New Issuances:


    Ratings: AAA/Stable by ICRA & CRISIL; Issue Size: 2000 + 3000 Crs; Maturity Date: 04/07/2034; Allocated 5000 Crs at 7.43%


    Ratings: AA+/Positive by ICRA & INDIA; Issue Size: 500 + 1000 Crs; Maturity Date: 02/07/2029. 

    Allocated 500 Crs at 8.64%


    Ratings: AA+ by CARE & ICRA; Issue Size: 250 + 750 Crs; Maturity Date: 04/07/2034. 

    Allocated 1000 Crs at 7.89%


    Ratings: AA+/Stable by CRISIL & CARE; Issue Size: 100 + 100 Crs; Maturity Date: 04/07/2029. 

    Allocated 200 Crs at 8.33%


    Ratings: AAA/Stable by ICRA & CARE; Issue Size: 1000 + 2000 Crs; Maturity Date: 03/07/2034. 

    Allocated 4848 Crs at 7.53%


    Ratings: AAA/Stable by ICRA & CRSIL; Issue Size: 100 + 200 Crs; Maturity Date: 05/07/2034.

    Allocated 300 Crs at 8.23%


    Ratings: AAA/Stable by ICRA & CRSIL; Issue Size: 500 + 500 Crs; Maturity Date: 07/07/2034.

    Allocated 580 Crs at 100

  • July 08, 2024 09:40

    Stock market live today: Dhabriya Polywood: Investor Ashish Kacholia hikes stake by 0.24% in Q1

    Dhabriya Polywood: Investor Ashish Kacholia added 26,167 shares or 0.24% stake in the company during Q1. Now shareholding stands at 6.67% in the company.

  • July 08, 2024 09:38

    Pre-market comment by Shrey Jain at SAS Online  

    The Indian stock market benchmarks, Sensex and Nifty 50, are set for a subdued start on Monday amid mixed global signals. Nifty’s critical support levels are at 24,230 and 24,180, pivotal for maintaining bullish momentum. Options data highlights concentration at 24,200 for calls and 24,800 for puts this week.

    Bank Nifty is in consolidation mode, encountering resistance at 53,000 - 53,200 with active call writing, while support holds steady at 52,300 - 52,100. As the Budget approaches and quarterly results loom, investor sentiment remains cautious.

    Ahead of the Budget on 23rd July, the market is expected to trade sideways, advocating a strategy of ‘buying on dips’.

  • July 08, 2024 09:36

    Stock Market Live Today: Pre-opening market comment by Prashanth Tapse at Mehta Equities  

    Nifty continued its bullish momentum from Friday, reaching its highest closing level. On Wall Street, the S&P 500 and Nasdaq 100 hit record highs. Nifty bulls remain strong despite overbought conditions, with the Economic Survey for 2023-24 and the Union Budget presentation by Finance Minister Nirmala Sitharaman on July 23 in focus. This week’s key events include Federal Reserve Chair Jerome Powell’s testimony on July 9, US CPI data on July 11, TCS’s Q1 earnings kick off, and India’s CPI & IIP data on July 12. In Friday’s trade, FIIs bought Rs. 1241 crores while DIIs sold Rs. 1651 crores. Nifty is expected to trade between 23500-25000, with significant resistance at 25000.

  • July 08, 2024 09:36

    Stock Market Live Today: Morning market quote from V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services

    “Positive news flows can impart resilience to the market in the near-term. The bullish undertone in the US market will be supported by the latest jobs data for June which has come weak, but better-than-expected at 2,06,000 jobs. US unemployment climbing to 4.1% indicates an economy cooling slowly. Disinflation and rising unemployment creates the ideal macro backdrop that can facilitate a rate cut by the Fed in September itself. This is positive for global equity markets.

    The market will respond to the Q1 results which will start flowing from this week onwards. Financials have the potential to move up further in response to the expected good results. IT is showing signs of improvement. Autos will continue to show improved results. The FMCG segment which has been languishing with low volume growth is showing signs of mild recovery. Watch out for this segment.”

  • July 08, 2024 09:35

    Stock Market Live Today: Big events to watch in India 

    Big Tech Earnings season kicks off this week 

    TCS July 11 Thursday

    HCLTech July 12 Friday

    The big question : Are we at the end of the tech earning downgrade cycle ? 

    Union budget on the 23rd of July 

    Larger RBI dividend & strong tax collections could allow finance ministry to balance fiscal and growth 

    Monsoon progress is important to track 

    According to the IMD, After over a month, India turned into rainfall surplus on Sunday, receiving rainfall 1% above normal

    Only six states now face a rainfall deficit

  • July 08, 2024 09:34

    Stock Market live today: Stock Recommendations: Two stocks to watch today 


    good growth in pre-sales in Q1 FY25

    Pre sales up 20% YoY

    added three projects in MMR and Pune


    Strong growth in client acquisition continues 

    client acquisition rise 7% Month over month at 9.4 lakh clients

    Client base is now at 2.4 crore clients 

    market share at 19%

  • July 08, 2024 09:25

    Stock Market live today: NAVA expands presence with new mineral exploration licenses in Zambia

    NAVA Ltd: Company’s unit, Maamba Collieries, received two 4-year large-scale exploration licenses for lithium and other minerals in Zambia’s Southern Province, covering 8200 hectares.

  • July 08, 2024 09:03

     Stock Market Live Today: Dividend Dates

    Ex-Dividend 9 July 2024 (Tomorrow)

    Last date for Cum-Dividend Today 

    Atishay Ltd 

    Dividend Per Share Rs.1 

    Previous day Closing Price – Rs. 142.15 

    Baid Finserv Ltd 

    Dividend Per Share Rs.0.1 

    Previous day Closing Price – Rs. 16.95 

    Dcm Shriram Limited 

    Dividend Per Share Rs.2.6 

    Previous day Closing Price – Rs. 1016.15 

    Deep Industries Ltd 

    Dividend Per Share Rs.2.44 

    Previous day Closing Price – Rs. 289.1 

    Ingersoll-Rand (India) Ltd. 

    Dividend Per Share Rs.20 

    Previous day Closing Price – Rs. 4553.8 

    J.K.Cement Ltd. 

    Special Dividend Per Share Rs.15 

    Dividend Per Share Rs.5 

    Previous day Closing Price – Rs. 4216.95 

    Jsw Steel Ltd. 

    Dividend Per Share Rs.7.3 

    Previous day Closing Price – Rs. 954.15 

    Persistent Systems Ltd. 

    Dividend Per Share Rs.10 

    Previous day Closing Price – Rs. 4773.95 

    Polycab India Ltd 

    Dividend Per Share Rs.30 

    Previous day Closing Price – Rs. 6629.15 

    Grindwell Norton Ltd. 

    Dividend Per Share Rs.17 

    Previous day Closing Price – Rs. 2858.25

  • July 08, 2024 08:54

    Stock Market Live Today: Vedanta Chairman discusses Rajasthan’s natural resources sector with Chief Minister

    Anil Agarwal, Chairman of Vedanta Group, today met with Bhajan Lal Sharma, Chief Minister of Rajasthan, to discuss the state’s outlook and plans for the natural resources sector – metals, minerals, and oil & gas - which is crucial for creating large-scale employment opportunities and contributing to the state’s economic growth, as well as nation building.

    Vedanta has made investments in excess of INR 1.50 Lakh Crore in Rajasthan to date. Two of its flagship businesses Hindustan Zinc Limited – the World’s second largest integrated Zinc producer and 3rd largest producer of Silver, and Cairn Oil & Gas, India’s largest private oil producer, have their largest operations in the state. In FY 24, Vedanta’s contribution to the State Exchequer was INR 10,000 Cr.

    Reinforcing the Vedanta Group’s steadfast commitment to the State, Agarwal, said, “Rajasthan is a national natural resources growth engine with the potential to power an Atmanirbhar Bharat across the minerals, metals, and oil & gas sectors. Both, the state of Rajasthan and Vedanta, are open to further collaboration aimed at fuelling India’s ambition of becoming self-reliant in natural resources and thus a global manufacturing hub.

  • July 08, 2024 08:53

    Stock Market Live Today: Rain tracker by Emkay Global 

    July starts with healthy rainfall: Cumulative rainfall as on 6-Jul was 1% above the long-term average (LTA), while weekly rainfall (as on 3-Jul) was 32% above the LTA. Spatial divergence has reduced with most of the country receiving healthy rains during the week. North and West India (3%), Central India (-6%), East and North East India (0%), and the southern peninsula (13%) have now all had normal rains so far. With June having ended in deficit, it is imperative that July sees healthy rainfall; the month has begun on a promising note.

    ■ Sowing status better than last year: While sowing was delayed, it has now picked up and is better than last year. Total area under sowing (24.1mn ha), as on 28-Jun, is sharply higher (33% YoY) than last year. This is mainly due to accelerated sowing of pulses (2.3mn ha; 181% YoY) and oilseeds (4.3mn ha; 155% YoY). Rice sowing area is the same as last year thus far (2.3mn ha; 0% YoY), whereas sugarcane (5.7mn ha; 3% YoY) is better. Among non-food crops, cotton sowing (5.9mn ha; 63% YoY) is much higher. Overall area under sowing is at 22% of normal area sown, compared with 18.6% at the same point in 2023. July is extremely important in this regard with nearly 80% of sowing activity completed by the end of the month.

    ■ Retail food prices stay higher due to persistent heatwave conditions: Average retail prices for cereals (0.2%), vegetables (8.2%), and oils & fats (0.1%) were higher on a weekly basis, whereas pulses (0.0%) were flat and milk prices declined (-0.5%). On an annual basis as well, avg. prices for cereals (9.4%), pulses (14.0%), vegetables (39.3%), and milk (1.9%) were higher, whereas those for oils & fats (-4.3%) were lower. Delayed monsoon progress has led to persisting heatwave conditions, leading to lower supply of vegetables in particular, along with pulses and cereals. Vegetable prices may decline from August if the monsoon picks up; however, prices of milk and pulses will stay high due to tight supplies. Cereals could also see elevated prices with the government announcing a 5.4% increase in paddy MSP for the current Kharif marketing season.

    ■ Reservoir levels in deficit and below last year: The overall basin-wise reservoir levels are in deficit and below last year’s level as well. As of 3-Jul, the overall level is ~14% below the LTA and 21% below last year’s level. Most major river basins are in deficit – Ganga (North and East), Godavari (West and South), Indus (North), Kaveri (South), Mahanadi (Central and East), and Krishna (West and South). Only Narmada (Central and West) is in surplus.

  • July 08, 2024 08:52

    Currency Market updates: Rupee likely to open around 83.49

    Rupee is likely to open around 83.49 and trade a 83.35-83.57 range intraday with sideways price action: Rupee ended flat at 83.49 on Friday: IFA Global

  • July 08, 2024 08:52

    Stock Market Live Today: Fund Houses Recommendations  

    Jefferies on Bajaj Auto: Maintain Buy on Company, target price at Rs 11630/Sh (Positive) 

    Nomura on Bajaj Auto: Maintain Buy on Company, target price at Rs 10207/Sh (Positive) 

    GS on Bajaj Auto: Maintain Neutral on Company, raise target price at Rs 9970/Sh (Positive) 

    MS on Reliance Ind: Maintain Overweight on Company, target price at Rs 3570/Sh (Positive) 

    JP Morgan on Marico: Maintain Overweight on Company, target price at Rs 660/Sh (Positive) 

    Nuvama on MGL: Maintain Buy on Company, raise target price at Rs 1957/Sh (Positive) 

    Nuvama on IGL: Maintain Buy on Company, raise target price at Rs 598/Sh (Positive) 

    Nuvama on GUJGAS: Maintain Buy on Company, raise target price at Rs 740/Sh (Positive) 

    Investec on NHPC: Initiate Buy on Company, target price at Rs 124/Sh (Positive) 

    Investec on Inox Wind: Initiate Buy on Company, target price at Rs 176/Sh (Positive) 

    Investec on Kalpataru: Initiate Buy on Company, target price at Rs 1473/Sh (Positive) 

    Investec on KEC: Initiate Buy on Company, target price at Rs 1002/Sh (Positive) 

    Investec on JSW Energy: Initiate Hold on Company, target price at Rs 687/Sh (Positive) 

    Equirus on R Systems: Initiate Add on Company, target price at Rs 570/Sh (Positive) 

    Equirus on Stylam: Initiate Buy on Company, target price at Rs 2489/Sh (Positive) 

    Nomura on Bank Baroda: Maintain Buy on Bank, target price at Rs 320/Sh (Positive) 

    GS on Bank Baroda: Maintain Buy on Bank, target price at Rs 300/Sh (Positive) 

    MS on Bank Baroda: Maintain Equal weight on Bank, target price at Rs 280/Sh (Neutral) 

    UBS on Bandhan Bank: Maintain Neutral on Bank, target price at Rs 230/Sh (Neutral) 

    Nomura on Bajaj Auto: Maintain Buy on Company, target price at Rs 6250/Sh (Neutral) 

    MS on Marico: Maintain Equal weight on Company, target price at Rs 566/Sh (Neutral) 

    MS on Titan: Maintain Equal weight on Company, target price at Rs 3526/Sh (Neutral) 

    MS on Dabur: Maintain Equal weight on Company, target price at Rs 500/Sh (Neutral) 

    JP Morgan on Dabur: Maintain Neutral on Company, target price at Rs 580/Sh (Neutral) 

    GS on Titan: Maintain Buy on Company, target price at Rs 3700/Sh (Neutral) 

    JP Morgan on Info Edge: Maintain Overweight on Company, target price at Rs 6900/Sh (Neutral) 

    Nomura on Indusind Bank: Maintain Neutral on Bank, target price at Rs 1650/Sh (Neutral) 

    Citi on Indusind Bank: Maintain Buy on Bank, target price at Rs 2010/Sh (Neutral) 

    JP Morgan on Titan: Downgrade to Neutral on Company, cut target price at Rs 3450/Sh (Negative)

  • July 08, 2024 08:20

    Stock Market Live Today: Stock Recommendations: Emkay Global on Dabur 

    Dabur remains one of our preferred picks in the Consumer Goods sector, given its diversified portfolio and better execution. The company’s thrust on rural remains firm, with distribution expansion continuing to see better growth. Dabur, per its strategy, has been expanding TAM across brands with category extensions that are backed well by distribution and marketing. We maintain BUY on Dabur, with Jun-25E TP of Rs700/sh, on 46x P/E. We see sales/earnings CAGR of 10%/15% over FY24-27E, respectively. Q1 commentary looks muted: topline is expected to grow 6%, with mid-single-digit volume growth in domestic operations. Gross margin is expected to expand by 90bps YoY (to 47.5%). EBITDA expansion is likely to be limited at 20bps YoY (to 19.5%), given sustained thrust on building back A&P (expect 18% rise in spends).

  • July 08, 2024 08:19

    Stock Market Live Today: Sequential improvement in demand trends, pick-up in rural growth in Q1 FY25: Dabur India

    Dabur India on Friday said it expects its consolidated revenue to register “mid-to-high single digit” growth during Q1 FY25. The company said it also witnessed a pick-up in rural growth with the quarter witnessing a “sequential improvement” in demand trends.

    “India business is expected to record mid-single digit volume growth. In India business, HPC & Healthcare segment is expected to grow in high-single digits. Travel and out of home consumption got impacted due to scorching summers, which had an impact on our beverage segment although the food (culinary) category showed good momentum,” the FMCG major said in a BSE filing.

  • July 08, 2024 07:55

    Stock market updates: Broker’s call: ITC (Buy)

    We met with the top management team of ITC, represented by Supratim Dutta – Executive Director & CFO, to discuss the industry outlook, growth prospects for its business verticals, profitability outlook, and other focus areas. Here are the key takeaways from the discussion:

    The company is looking to grow beyond macro recovery by implementing new initiatives and expanding its product portfolio. Cigarette business has recovered well post Covid (now at 97-98 per cent of peak cigarette volume in FY13). Steady macro and government initiatives (stable taxes, control over illegal cigarette, etc.) are expected to further help ITC to sustain volume growth.

  • July 08, 2024 07:54

    Stock Market Updates: Broker’s call: Indigo Paints (Buy)

    Indigo Paints Ltd (IPL) ranks as India’s fifth-largest decorative paint manufacturer by revenue in FY24. The Company specializes in a diverse range of paints and allied products, including emulsions, enamels, wood coatings, distempers, primers, putties, and cement paints. IPL operates five manufacturing units with a total capacity of nearly 160,000 KLPA for liquid paints and around 138,000 MTPA for putty and cement paint.

  • July 08, 2024 07:43

    Stock Market Updates: Will cap on SME listing gains check exuberance?

    To moderate the overwhelming euphoria in the SME market, both the regulator and exchanges have decided to implement concrete measures. With most companies’ stocks delivering over 200 per cent returns on listing day, the National Stock Exchange announced on Thursday a cap on maximum listing gains at 90 per cent over the IPO price.

    “To standardise the opening price discovery/equilibrium price across exchanges during special pre-open session for initial public offer (IPO) for the SME platform, it has been decided to put an overall cap of up to 90 per cent over the issue price for SME IPOs,” NSE said in a statement.

  • July 08, 2024 07:42

    Stock Market Updates: Indian equities attract nearly $1 billion FPI Inflows in early July 2024

    Ahead of Modi 3.0 Government’s full budget on July 23, Foreign Portfolio Investors (FPI) continued to show strong buying interest in Indian equities with net inflows of ₹7,962 crore (near $1 billion) in the first week of July 2024, data with depositories showed. 

    This was in addition to June 2024 inflows, when FPIs—after remaining net sellers in April and May— had made net investments of ₹26,565 crore in the Indian equities market. 

  • July 08, 2024 07:39

    Stock Market Live Today: Sensex, Nifty likely to open flat despite record highs

    Domestic markets are expected to open flat on Monday despite ruling at peak levels. According to analysts, though valuation is a concern for domestic markets, participants, especially institutions, are still in hold mode. According to them, the upcoming Budget and Q1 results of India Inc. will anchor market movement.

    Gift Nifty at 24,390 signals 24,379, indicating a flattish opening for Nifty. Ajit Mishra – SVP of Research, Religare Broking, said: “Looking forward, market direction largely will be influenced by upcoming earnings reports and discussions on the Union Budget. Global market trends, particularly the robust performance of US markets, will also be closely watched.”

  • July 08, 2024 07:31

    Stock Market Live Today: Nifty and Bank Nifty Prediction for the week 08 Jul’24 to 12 Jul’24 by BL GURU

    #Nifty continues to move up. There is room for the #Nifty50 to go up further from here. However, as we said last week, crucial resistance is also coming up which can halt the current rally in the #nifty50index. We expect a corrective fall in the #Nifty after some more rise from here.

  • July 08, 2024 07:30

    Stock Market updates: Stocks that will see action today: July 8, 2024

    Buzzing stocks: LIC, JM Financial, Infosys, Apollo Hospitals, Bandhan Bank, GMR Power, Coffee Day, PNB, HG Infra, Zaggle, Delhivery, Union Bank, BoB, UGRO Capital, Indsil Hydro, Welspun Corp, Quick Heal, Signature Global, HEG, Genesys Intel, Fermenta Bio, EFC

  • July 08, 2024 07:23

    Stock Market Live Today: Tech Query: What is the outlook for Rail Vikas Nigam Ltd (RVNL), Union Bank of India, Jain Irrigation Systems?

    We zoom in on the prospects of Rail Vikas Nigam Ltd (RVNL), as also the prospects of two other stocks — Union Bank of India, Jain Irrigation Systems 

  • July 08, 2024 07:22

    Stock Market Live Today: Movers & Shakers: Stocks that will see action this week

    Here is what the charts say about the shares of GMR Airports Infrastructure, Sun Pharmaceuticals and Tata Consumer Products 

  • July 08, 2024 07:16

    Stock Market live today: Stock to buy today: HFCL (₹130.05): BUY

    The short-term outlook is bullish for HFCL. The stock surged about 15 per cent last week and closed on a strong note. The price action since the end of May this year indicates a bull channel. Strong support is in the ₹120-118 region.

  • July 08, 2024 07:15

    Stock market live today: Today’s Stock Recommendation: July 8, 2024

    Here’s an interesting stock idea: The stock idea that we have for you today is HFCL. The stock has surged about 15 per cent last week. The share price has been moving inside a bull channel and there is room for the stock to move up further within the channel.

  • July 08, 2024 07:13

    Stock market live updates: Securities in F&O Ban For Trade Date 08-July-2024  

    * ABFRL


    * GNFC



    * PEL

  • July 08, 2024 07:12

    Stock market live updates: PCBL Ltd: Co secures Indian patent for hybrid carbon black grade with graphene, enhancing fuel efficiency, tire durability, and load capacity.

  • July 08, 2024 07:11

    Stock Market live updates: Q1FY25 EARNING CALENDAR 08.07.2024


    Q1FY25 EARNING CALENDAR 09.07.2024


  • July 08, 2024 07:11

    Stock Market updates: Short Take: Mphasis F&O contracts adjustment

    Mphasis (₹2,628.9) announced an interim dividend of ₹55 per equity share of face value ₹10 for the financial year 2023-24. This will also lead to necessary adjustments in the futures and options (F&O) contracts on this stock on the record date.

    The company has decided July 10, 2024, as the record/effective date. On this day, the stock price and all derivatives contracts on Mphasis will be adjusted appropriately.

  • July 08, 2024 07:10

    Commodities market updates: Bullion Cues: Glimpses of a rally

    Precious metals had a glittering week. Gold appreciated 2.8 per cent, whereas silver rose 7.1 per cent to end the week at $2,392 and $31.2 per ounce respectively.

    The positive trend was seen in the domestic market too. MCX gold futures (₹73,051 per 10 gram) rallied 2.1 per cent, whereas MCX silver futures (₹93,554 per kg) gained 4.5 per cent.

  • July 08, 2024 07:09

    Commodities Market Updates: Crude Check: Bulls hold the reins

    Crude oil retains the upward bias in trend. Nevertheless, the Brent crude oil futures on the Intercontinental Exchange (ICE) ended last week almost flat at $86.5 per barrel. But the crude oil futures on the MCX was up 2.5 per cent as it closed the week at ₹6,977 a barrel.

  • July 08, 2024 07:08

    Stock market live today: F&O Query: Should you buy or sell stock derivatives?

    Traders can buy TCS call options; stay out of Coforge futures

  • July 08, 2024 07:06

    Stock Market Live Today: F&O Tracker: Upward trajectory remains steady

    Nifty 50 (24,324) and Bank Nifty (52,660) stretched the upswing last week and posted a gain of 1.3 per cent and 0.6 per cent respectively. The uptrend remains valid for both indices and the derivatives data point to further rally from here. Here’s an analysis.

    Nifty futures (July) appreciated 1 per cent over the past week and closed at 24,379. This happened due to long build-up, which is indicated by the increase in the cumulative Open Interest (OI) of Nifty futures. It went up to 157.7 lakh contracts on July 5 against 155.9 lakh contracts on June 28.

  • July 08, 2024 07:05

    Stock Market Live Today: F&O Strategy: Long straddle on Fin Nifty

    The long-term outlook for Nifty Financial Services (Fin Nifty) (23,641.75) will be positive as long as it stays above 18,890. If the index manages to hold on to current rally, it can register a new peak around 28,500.

    Fin Nifty finds an immediate support at 22,837 and the major one at 20,867. However, a close below 18,890 could weaken the index to 15,050. We expect the index to witness higher volatility in the short term.

  • July 08, 2024 07:03

    Stock Market Live Today: Ganesh Housing Corporation: What should investors do

    The real estate segment has taken off sharply in the post-Covid period, and especially over the past couple of years. The return-to-office mandates of companies looking at hybrid working styles and the demand for larger living spaces have seen commercial and residential realty thriving.

    While housing and office space demand are robust in metros, there is considerable action even in other larger cities. Gujarat, as a State with strong infrastructure presence in cities such as Ahmedabad and Gandhinagar, has seen a strong uptick in realty demand in recent years.

  • July 08, 2024 07:02

    Currency Market Updates: Currency Outlook: Dollar index under pressure

    The dollar index remained under pressure all through last week. The index failed to breach 106 decisively and fell sharply. This fall in the index was much in line with our expectation. On Friday, the jobs data release had added more pressure on the greenback as well as the Treasury yields. 

  • July 08, 2024 07:01

    Stock Market live today: Stock Recommendations: IndiGrid InvIT: What should investors do

    The Centre’s target of achieving nearly 500 GW of installed renewable energy (RE) capacity by 2030 necessitates significant investments in the transmission space. The Central Electricity Authority (CEA) estimates that ₹2.2-lakh crore will be required for inter-state transmission system (ISTS) from FY24 to FY28. Additionally, the CEA projects a need for around 47 GW of Battery Energy Storage Systems (BESS) by 2031-32 to ensure grid stability as RE’s share increases.

  • July 08, 2024 07:00

    Stock Market Live Today: Index Outlook: Sensex, Nifty 50: Limited room to rise

    Nifty 50 and Sensex continue to move up well. Both the indices have risen breaking above their key near-term resistance. The indices were up over a per cent each last week. The outlook is bullish, and the Sensex and Nifty can rise further in the short term. However, as mentioned last week, crucial resistances are coming up. The current rally can halt around that resistance. We expect the Sensex and Nifty to run into a correction after some more rise from here. 

  • July 08, 2024 06:59

    Stock Market Updates: IPO Watch: The story of IPOs in H1 2024

    The first half of 2024 has been an eventful phase for IPOs in the mainboard segment. With 38 companies going public so far in 2024 and more IPOs projected to be launched in the second half of the year, including the mega IPOs of Hyundai India and Ola Electric, the going appears good. So far, IPOs in H1 market have delivered a mix of stellar performances, significant declines, and steady gains, indicating a robust and active market environment. 

    Here are six charts capturing the key interesting trends from IPOs in 1H 2024
  • July 08, 2024 06:57

    Stock Market Live Today: NTPC, Adani Green, JSW Steel, Tata Steel, Ambuja Cement, Ultratech et al: How their capex plans are driving India’s core sectors

    Core sectors producing the key starting materials for economic activity are critical indicators of an economy’s glide path. The amount of coal, oil, steel, cement, power and others produced in a country is an indication of the downstream demand and bears significantly high multiplier effect as well.

    For quite a while there has been a narrative that the private sector must pick the capex baton from the Central government to take the economy forward. How ready is it?

    To get a perspective, we analysed listed stocks in the core sectors. By considering the listed stocks in the core segment — fertilizers, cement, crude oil and natural gas, power, refineries, steel and coal — we can, to an extent, gauge the strength of the capex and productivity growth in the economy. Apart from analysing the aggregate numbers, which can smooth over several outliers, we have also picked the top three companies in the most visible sectors — power, steel and cement — to assess how each company is positioned on the growth curve. Here are our key takeaways.

  • July 08, 2024 06:55

    Stock Market Updates: Mcap: 8 of top-10 most-valued firms jumps ₹1.83 lakh cr; TCS, Infosys biggest gainers

    Eight of the top-10 most valued firms together added ₹1,83,290.36 crore in market valuation last week, with IT majors Tata Consultancy Services (TCS) and Infosys emerging as the biggest gainers, in line with a rally in equities.

    Last week, the BSE benchmark jumped 963.87 points, or 1.21 per cent.

    Reliance Industries remained the most valued firm followed by TCS, HDFC Bank, ICICI Bank, Bharti Airtel, State Bank of India, Infosys, LIC, Hindustan Unilever, and ITC.

    The market valuation of TCS jumped ₹38,894.44 crore to ₹14,51,739.53 crore, becoming the biggest gainer among the top-10 firms.

  • July 08, 2024 06:52

    Stock Market Updates: Sectoral Watch: FMCG companies see better demand trends in June quarter, uptick in rural growth

    FMCG industry witnessed some improvement in volume growth and continued gradual recovery in rural demand trends in the June quarter. Companies with summer-centric portfolios are likely to report stronger growth in volume in Q1 FY24 due to intense heatwave across the country. 

    Overall analysts expect the key listed companies in the industry to broadly post low-to-mid single-digit volume growth in the June quarter.

    Dabur India, in its quarterly update ahead of the release of Q1FY25 results, said that the June quarter saw sequential improvement in demand with rural growth picking up. It added that domestic business is expected to record “mid-single digit” volume growth.

    Marico also noted in quarterly update that during the June quarter, its domestic business posted a modest uptick in underlying volume growth on a sequential basis.

  • July 08, 2024 06:52

    Stock Market Updates: SEBI’s demand for more disclosures creates hurdles in IPO process

    Recent directives by the Securities and Exchange Board of India (SEBI) on enhanced disclosure for companies filing for initial public offerings (IPO) has put law firms and investment banks in a quandary as they feel that some of the disclosures are not relevant to the business of the companies and there is little clarity in them, prolonging the entire process.

    “It is important to strike a balance such that information which is material for investors to make an investment decision does not get obscured in this process,” said Abhimanyu Bhattacharya, Partner, Khaitan & Co.

  • July 08, 2024 06:51

    Stock Market Live Updates: Solar Industries, NBCC and RVNL: Three stocks that outperformed in the week ending June 5

    In the past week, the benchmark indices Sensex and Nifty gained around 1.2 per cent and 1.3 per cent, respectively. Sensex hit the 80,000 mark for the first time ever and Nifty hit an all-time high of 24,401.

    All sectoral indices ended in the green, except for BSE Consumer Durables. The Nifty India Defence Index jumped 13.7 per cent as bullish sentiment continued in the sector. Shares of Mazagon Dock Shipbuilders and Cochin Shipyard were up 32.7 per cent and 28.1 per cent respectively, although there were no fundamental news to substantiate the spike. .

  • July 08, 2024 06:47

    Stock Market Live Today: Dabur has released pre results update for Q1FY25. Key highlights:

    During Q1FY25, Dabur witnessed improved demand on sequential basis, with rural growth picking up. Going ahead, management expects improvement to accelerate backed by favourable monsoon and continued government focus on macro-economic growth.

    ▪️On consolidated basis, Dabur is expected to report mid to high-single digit revenue growth in Q1FY25. Furthermore, India business is expected to record mid-single digit volume growth.

    ▪️HPC & Healthcare segment is anticipated to deliver growth in high-single digit. Further, food (culinary) category showed good momentum. However, beverage segment was impacted due to sluggish travel and out of home consumption due to harsh summer.

    ▪️Badshah Masala continued to perform well and is expected to report strong volume led growth in high teens.

    ▪️In Q1FY25, International business is expected to deliver strong growth in CC terms. However, significant currency depreciation in Turkey and Egypt continued to affect translated growth.

    ▪️Commodity prices remained stable throughout the quarter. In Q1FY25, GM is expected to improve on account of roll over price increases and cost saving initiatives. However, as benefits of GM expansion were directed towards A&P spends, EBITDA margins are expected report improvement on YoY basis and are likely to grow slightly ahead of the revenue. 

    DART View: 

    On consolidated basis, we have assumed ~7% revenue growth in line with the company guidance. Subsequently, margins are expected to improve on YoY basis to 19.6%. At CMP, the stock is trading at 43x FY26E EPS. We currently have Accumulate rating on the stock.

  • July 08, 2024 06:41

    Stock Market Live Today: GG eng is going to merge with Integra essentia LTd .. 

    “Integra Essentia Limited” (Transferee Company) shall issue and allot 48 (Forty- Eight) Equity Shares of Face Value of INR 1/- (Rupees One Each) each to Equity Shareholders of “G G Engineering Limited” (Transferor Company) for every 100 

    (One Hundred) Equity Share of Face Value of INR 1/- (Rupees One Each) each held by them in the Transferor Company.

  • July 08, 2024 06:40

    Stock Market Live Today: JUPITER WAGONS Q1 : FIIs STAKE INCREASED TO 4.14 % FROM 2.28 % STAKE

    DIIs STAKE REDUCED TO 0.92 % FROM 1.92 %

  • July 08, 2024 06:40

    Stock Market Live Today: Bank of Baroda Bank 1QFY25 Business Update

    •\u0009BoB advances portfolio grew by -2% QoQ and 8% YoY, with retail book growth at 3.5% QoQ/21% YoY. 

    •\u0009Overall deposits grew by -1.6% QoQ/~9% YoY 

    DART View: Seeing very divergent growth trends across banks this quarter, presumably driven by tighter liquidity resulting in shredding of low yielding assets. Muted growth led by lower corporate share is not necessarily a negative. Stock trading at 1.1x FY26E ABV, we currently have an Accumulate

  • July 08, 2024 06:39

    Stock Market Live Updates: Stocks to watch out for today

    Master Components Ltd received a purchase order worth ₹2,38,25,000 from a US-based company in the field of childcare.

    Canarys Automations Ltd secured a ₹25.65 crore contract from Jalkal Vibhag, Nagar Nigam Gorakhpur. 

    Kody Technolab Ltd has secured an export order valued at approximately ₹70.67 crores. The order includes Dasher (Serving Robot), Odigo (Advertising Robot), and Vulcan (Cleaning Robot), with deliveries planned over the next 5 months. 

    Urban Enviro Waste Management Ltd received a work order worth ₹4,25,23,029.64 from the Additional Medical Superintendent Office, North Western Railway, Jodhpur, Rajasthan 

    SAR Televenture Ltd has announced a Composite Equity Issue worth ₹450 crore, combining a Rights Issue and a Further Public Offer (FPO). The Rights Issue, set at ₹300 crore, offers 1.5 crore fully paid-up equity shares at ₹200 each, with one Rights share for every existing share held as of July 9, 2024. The FPO, valued at ₹150 crore, has a price band of ₹200-210 per share. The proceeds will be used for capital expenditure, including setting up a Fiber-to-the-Home network and additional telecom towers, along with augmenting working capital for future growth 

    Jay Jalaram Technologies Ltd has secured a significant distribution agreement with Honortech Universal Pvt Ltd, granting it the rights to distribute the “Honor” brand across seven key Indian states 

    Power Grid to consider raising fund via borrowing 

    - borrow upto 16000 cr in FY25 

    - enhance the current borrowing limits from existing Rs. 12,000 Crore to Rs. 15,000 crore 

    Geojit Financial Services to consider fund raising on 12th July 24 

    THERMAX LTD recieve an order worth Rs. 513 Crore from Jindal Energy Botswana Pty Ltd. 

    Bajaj Auto Ltd launches a Gamechanger: Bajaj Freedom! The World’s First CNG Motorcycle.

  • July 08, 2024 06:37

    Stock Market Live Today: Fund Flow Activity: 05 July 2024 (Rs. In Crs.)

    Provisional Cash

    FII/FPI: NET BUY: +1241.33 

    (13354.3 - 12112.97) 

    DII: NET SELL: -1651.36 

    (12695.07 - 14346.43)