Latest Market News Today Live Updates July 19, 2024: Profit-booking ahead of key company results, budget pull down markets

• The stock market rally since the date of the election results has been driven by foreign institutional investors.

Read the full story here

• By 1422 GMT, spot gold had decreased 1.8% to $2,401.49 per ounce. Earlier, on Wednesday, gold reached an all-time high of $2,483.60.

Read the full story here

• The surge in F&O trade volume has become a macro issue, says SEBI Chairperson Madhabi Puri Buch. The derivative market has seen a 42.8 per cent rise in the financial year 2023-24, according to an RBI report.

Read the full story here

• As investors weigh their options in the banking sector, the choice between blue-chip lenders and mid-cap ones has become a pivotal decision.

Read the full story here

• Indian markets ended the week positively. Nifty 50 closed at 24,530 points, Sensex at 80,604 points. IT stocks led the rally with Nifty IT index reaching a new high of 40,682 points. Infosys reported strong results, fueling optimism in the sector.

Read the full story here

• Budget 2024: In the budget speach the market will be closely monitoring potential changes in the capital gains tax treatment on equity, said Sunil Damania, Chief Investment Officer, MojoPMS. He feels that trading approach is less sensible compared to an investment strategy on the budget day.

Read the full story here

• In an exchange filing, SpiceJet announced that its board of directors will consider on Tuesday, July 23, to discuss and approve the raising of fresh capital.

Read the full story here

• Sanstar IPO worth ₹510 crore open for subscription from July 19 to July 23 with price band of ₹90 to ₹95. Proceeds to be used for facility development, debt repayment, and corporate reasons.

Read the full story here

• Top Gainers and Losers Today : The Sensex lost 738.81 points, or -0.91, to settle at 81343.46, while the Nifty lost 269.95 points, or -1.09, to close at 24800.85.

Read the full story here

• Indian defence stocks have surged but face concerns over high valuations. Nirmal Bang downgrades the sector to ‘sell’ due to inflated prices and risks like execution delays and rising costs.

Read the full story here

• VST Industries plans to consider issuing bonus shares at a board meeting on July 25, 2024, along with reviewing the unaudited financial results for Q1FY25. The stock surged over 17 percent to reach a new peak of ₹4,850 in intra-day trading on Friday.

Read the full story here

• These are the leading entities driving innovation and growth in India’s dynamic leasing sector.

Read the full story here

• Stock market today: Nifty 50, Sensex falls by 1% each; midcaps, smallcaps crack; investors lose about ₹8 lakh crore in a day

Read the full story here

• JSW Infra continues to invest in assets to become a complete logistics provider, but a lack of large scalable assets may prolong this journey

Read the full story here

• RNFI Services IPO subscriptions open on July 22 and close on July 24. Priced between ₹98 and ₹105 per share, the IPO offers 1,200 shares for bidding. The company focuses on digital, banking, and G2C services, with operations divided into four main segments.

Read the full story here

• Board of directors of JTL Industries Ltd declared opening of QIP in its board meeting on Thursday

Read the full story here

• The automobile sector expects Union Finance Minister Nirmala Sitharaman to make some announcements on the Faster Adoption and Manufacturing of Electric Vehicles (FAME) scheme, enhanced production-linked incentive (PLI) schemes, and other incentives to boost the EV sector.

Read the full story here

• The luxury residential market in India is booming, driven by rising demand for high-end homes due to urbanisation and increasing incomes, with sales of luxury housing units increasing by 27% in the first half of the year.

Read the full story here

• Jefferies has initiated coverage on Muthoot Finance and Manappuram Finance with a ‘Buy’ rating. It has Muthoot Finance share price target of ₹2,220 apiece and Manappuram Finance share price target of ₹270 apiece.

Read the full story here

• Despite widespread reports of technicalissues affecting Microsoft Windows users globally, several Indian brokerage firms reported that their operations remained smooth and unaffected by the Windows crash.

Read the full story here

• IREDA’s stock price rises nearly 7% to ₹275, recovering from a recent dip but remains below its peak. Phillip Capital anticipates strong loan growth amid margin pressures and high private sector exposure.

Read the full story here

• The London Stock Exchange Group is facing a global technical problem hindering news publication on its website. Technological issues caused widespread service disruptions at airlines, banks, and the London Stock Exchange after Microsoft Corp. reported an outage.

Read the full story here

• Small-cap stock below ₹100: Rathi Steel shares are one of the multibagger stocks that the Indian stock market has delivered in 2024

Read the full story here

• Brokerage house Globe Capital has identified five investment ideas with a 12-month perspective, offering potential upsides of up to 51 percent. Let’s take a look.

Read the full story here

• Infosys’ guidance upgrade could help rekindle the lost confidence in the IT sector
• With Infosys’ solid Q1, the valuation gap with TCS is expected to narrow

Read the full story here

• Multibagger stock has delivered over 400% returns to its shareholders in one year

Read the full story here

• Sanstar IPO subscription: Shortly after launch, Sanstar’s IPO was fully subscribed by NIIs and retail investors. By 11:42 IST, subscription status was 1.27 times, with bids for 4,76,38,500 shares against 3,75,90,000 shares on offer.

Read the full story here

• Tunwal E-Motors IPO share allotment finalised on July 19. Investors can check allotment status on Skyline Financial Services website. Refunds for non-allotted shares start on July 22. Listing date set for July 23.

Read the full story here

• Spright Agro, a multibagger success story, saw its stock price surge by 10446% to ₹66.44 from a 52-week low of ₹0.63, delivering substantial returns and maintaining investor confidence amidst market fluctuations.

Read the full story here

• Following shares hit their 52 week high today – Infosys, Mphasis, Tata Consultancy Services, Wipro, Godrej Consumer Products

Read the full story here

• Q1 Results Preview: Paytm share price has declined more than 40% since January end post actions by the RBI. The Paytm Q1 will be declaring results today, Here’s what analysts are expecting from One 97 Communications financial performance during the June Quarter.

Read the full story here

• Sanstar Limited IPO GMP: According to market observers, shares of the company are available at a premium of ₹42 in the grey market today.

Read the full story here

• South Indian Bank reported a 45.30% rise in standalone net profit to ₹294 crore for Q1FY25. The bank’s gross NPAs decreased to 4.50%, while net NPAs fell to 1.44% year-on-year. Retail deposits grew by ₹7,702 crore to ₹99,745 crore.

Read the full story here

• Gold And Silver Prices Today:Gold And Silver Prices Today : 10 gm of 24 carat gold was at Rs.75533.0 in Delhi whereas 1 kg of silver was Rs.91740.0 in Delhi.

Read the full story here

• JSW Infrastructure, after market hours on Thursday, July 18, reported an 8 per cent YoY fall in its Q1FY25 consolidated net profit to ₹296.55 crore against a profit of ₹322.20 crore in the same quarter last year.

Read the full story here

• Stocks in focus: Rajesh Palviya has recommended to buy, hold, and accumulate SBI Life Insurance Company Ltd, Orient Cement Ltd, and Tata Consultancy Services Ltd (TCS) today.

Read the full story here

• Sahaj Solar share price debuted at ₹342, 90% higher than the issue price. Sahaj Solar IPO worth ₹52.56 crore is an offer-for-sale. GMP today is +250, indicating a premium of ₹250 in the grey market.

Read the full story here

• Persistent Systems’ net profit in Q1FY25 was down 2.8% at ₹306.4 crore from ₹315.3 crore in the previous quarter, while L&T Technology Services reported a net profit of ₹313.6 crore in the first quarter of FY25, registering a decline of 8% QOQ.

Read the full story here

• Reliance Q1 results today: The market is expecting a rise in RIL earning YoY but contraction on a sequential basis

Read the full story here

• Infosys share price has seen a healthy gain this year, slightly outperforming the equity benchmark Sensex. Till July 18, Infosys shares had gained about 14 per cent this year against a nearly 13 per cent gain in the Sensex.

Read the full story here

• Stocks to buy today: Experts recommend buying these five shares today — Mphasis, Finolex Industries, M&M, Bharti Airtel, and Chola Finance

Read the full story here

• Wipro Ltd is set to announce its Q1 FY25 earnings with a projected flat sequential revenue growth. Analysts expect a slight increase in revenue and profit after taxes. Wipro share price hit a 52-week high on Thursday, closing at ₹573.20.

Read the full story here

• The trends on Gift Nifty indicate a mildly positive start for the Indian benchmark index. The Gift Nifty was trading around 24,840 level, a premium of nearly 30 points from the Nifty futures’ previous close.

Read the full story here

• Stocks to buy or sell: Sumeet Bagadia has recommended buying these five breakout stocks — Umang Dairies, Alphageo India, Quick Heal, Aditya Birla Money, and DCM

Read the full story here

• Indian stock market: Gift Nifty was trading around 24,840 level, a premium of nearly 30 points from the Nifty futures’ previous close, indicating a mildly positive start for the Indian stock market indices.

Read the full story here

• Buy or sell stocks: Vaishali Parekh has recommended three stocks to buy today — Snowman Logistics, Ajanta Pharma, and Chambal Fertilisers

Read the full story here

• Infosys ADRs ended 8.38% at $22.50 during the normal trading hours on NYSE. It gained 0.22% in the after market hours trade and closed at $22.30.

Read the full story here

• Abbott India had declared a final dividend of ₹410.00 per equity share for the financial year 2024. Tata Consultancy Services had declared an interim dividend of ₹10.00 per equity share

Read the full story here

• Balrampur Chini Mills, Bandhan Bank, GMR Infra, GNFC, Hindustan Aeronautics, Hindustan Copper, India Cements, Piramal Enterprises, RBL Bank, SAIL, Vedanta are the eleven stocks on the NSE’s F&O ban list for July 19.

Read the full story here

• Indian society, the regulatory framework, and the nation’s overall capability are undergoing a transformation that will elevate many small and mid-sized businesses to higher levels of evolution, said the veteran investor. “While some will falter, many will succeed.”

Read the full story here