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Sensex Today | Stock Market LIVE Updates: Sensex falls over 150 points, Nifty tests 24,300; BoB drops 3%, Titan 2%
08 Jul 2024 | 09:19:38 AM IST
Benchmark indices ended Friday with slight increases, marking a positive week overall. Following a 7% rise over the past month, analysts anticipate the market stabilizing at higher levels.
"Siddhartha Khemka, Head of Retail Research at Motilal Oswal Financial, commented, 'In the upcoming week, we anticipate active movements in stocks and sectors as the market shifts focus to Q1FY25 earnings. Investors will also closely monitor inflation data from India, the US, and China on the macroeconomic front.'"
Show more"Siddhartha Khemka, Head of Retail Research at Motilal Oswal Financial, commented, 'In the upcoming week, we anticipate active movements in stocks and sectors as the market shifts focus to Q1FY25 earnings. Investors will also closely monitor inflation data from India, the US, and China on the macroeconomic front.'"
1 New Update
Sensex Today | Stock Market LIVE Updates | Heatmap: Top Sensex gainers & losers in today's trade
Sensex Today | Stock Market LIVE Updates | Nifty tests 24,300
Sensex Today | Stock Market LIVE Updates | Opening Bell: Sensex falls over 150 points, Nifty tests 24,300; BoB drops 3%, Titan 2%
Sensex Today | Stock Market LIVE Updates: Sensex drops 300 points; Nifty below 24,300 in pre-open trade
Stock Market LIVE Updates: Saurabh Mukherjea gives 3 themes that can create new opportunities for Indian investors
Saurabh Mukherjea, Founder & Chief Investment Officer of Marcellus Investment Managers, a prominent player in portfolio management services (PMS), emphasized three key themes that are shaping new investment opportunities in India.
Stock Market LIVE Updates | Positive Breakout: These 4 stocks cross above their 200 DMAs
On July 5, four stocks in the NSE's list of companies with a market capitalization exceeding Rs 10,000 crore saw their closing prices rise above their 200-day moving averages (DMA).
Brokerage Radar: JPMorgan on Marico
- Overweight with TP of Rs 660
- Q1 revenue ahead of expectations; on track to reach double-digit growth in H2
- Expect pricing growth to turn more favorable in coming quarters as edible oil prices o by normalize
- Expect Value Added Hair Oils (VAHO) growth to turn positive Pin Q2
Stock Market LIVE Updates | Brokerage Radar: CITI On Bank Of Baroda
- Maintain Buy with target price of Rs 300
- Q1FY25 Business Update Growth Moderates Sharply
- Balance Sheet Consolidation, NIM Management Seems The Priority
- Normalization of credit cost seofcould be offset by higher Q1
- seasonality
- Absence of wage revision impact to provide support to broadly stable ROA
Stock Market LIVE Updates | Brokerage Radar: Goldman Sachs On Titan
- Maintain Buy; Cut target price of Rs 3,700 from Rs 3,800
- Q1 revenue update was disappointing
- Jewellery slowdown much sharper than expected
- Key competitor did much better in 1Q, which is a cause for concern
- Titan's jewellery margins also ON likely to be weak
Stock Market LIVE Updates: Sebi likely to act against ‘silent’ PMS firms
Many portfolio management service (PMS) firms' lack of communication has alarmed regulators amid a booming market. According to a senior official from the Securities and Exchange Board of India (Sebi), numerous PMS service providers have been unresponsive to inquiries, complicating regulatory efforts in recent interactions with the industry.
Stock Market LIVE Updates | Brokerage Radar: Investec 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 1,473
- KEC International - Initiate Buy with TP of Rs 1,002
- 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
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- Despite these developments, country could witness peak deficit
Stock Market LIVE Updates | Big movers on D-Street: What should investors do with Raymond, RBL Bank and AstraZeneca India?
The NSE benchmark Nifty extended its gains to close at a new record high for the third consecutive session on Friday, whereas the BSE index Sensex pulled back from its peak, dropping below the 80,000 level.
Euro dips as markets brace for post-election gridlock in France
The euro declined and French bond futures decreased following indications of a hung parliament in French elections, injecting new uncertainty into markets amidst an anticipated period of political deadlock.
During Asian trading, the euro fell by approximately 0.2% to $1.0819, while long-term French bond futures dropped by 20 ticks, leading to an implied yield of 3.13%.
During Asian trading, the euro fell by approximately 0.2% to $1.0819, while long-term French bond futures dropped by 20 ticks, leading to an implied yield of 3.13%.
Sensex Today | Stock Market LIVE Updates | D-Street Recap
Indian markets had yet another excellent week for the bulls, with the benchmark indices maintaining their winning streak for the fifth consecutive week.
Here's how analysts the market pulse:
“Looking forward, market direction will largely 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,” said Ajit Mishra – SVP, Research, Religare Broking.
Here's how analysts the market pulse:
“Looking forward, market direction will largely 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,” said Ajit Mishra – SVP, Research, Religare Broking.
Oil little changed as investors eye impact of storm Beryl on Texas
Oil prices were little changed as investors eyed energy supply disruption, with the largest ports in Texas shut before Tropical Storm Beryl likely strengthens into a hurricane and makes landfall on Monday.
Brent crude futures inched up 11 cents, or 0.1%, to $86.65 a barrel as at 0042 GMT after closing down 89 cents on Friday.
Brent crude futures inched up 11 cents, or 0.1%, to $86.65 a barrel as at 0042 GMT after closing down 89 cents on Friday.
Sensex Today | Stock Market LIVE Updates | Forex News
- The euro fell 0.2% to $1.0823
- The Japanese yen was little changed at 160.63 per dollar
- The offshore yuan was little changed at 7.2914 per dollar
Sensex Today | Stock Market LIVE Updates | Global Market Update
- S&P 500 futures fell 0.2% as of 9:37 a.m. Tokyo time
- Hang Seng futures fell 0.3%
- Japan’s Topix fell 0.4%
- Australia’s S&P/ASX 200 fell 0.4%
- Euro Stoxx 50 futures were little changed
