BUSINESS
F&O Manual | Nifty trading in green as IT and metal indices rise, Nifty Bank trades sideways
As of 12.16 pm, the Nifty 50 index was up 0.36 percent or 70.80 points at 19,635.30. The Nifty Bank was down 0.12 percent or 52.35 points at 44,766.95.
BUSINESS
GTPL Hathway shares rise 6% post Q1 results
The digital cable TV and wireline broadband service provider's revenue for the quarter grew by 22.7 percent YoY to Rs 774.4 crore.
BUSINESS
India Poised to Dominate Emerging Markets as the Breakout Star of the Decade, says one of India’s largest FPIs
Capital Group's report sheds light on the factors that set India apart as an attractive investment destination when compared to other emerging markets. Key highlights include India's recent political stability, pro-business reforms, infrastructure development, manufacturing potential, growing equity market, investment opportunities and demographic advantage.
BUSINESS
Shares of Monte Carlo Fashions gain 2% after Q1 business update
During the first quarter of the financial year 2023-24, Monte Carlo expanded its reach by opening 11 new Exclusive Brand Outlets (EBOs). These new stores include five in the northern region, two in the central region, two in the eastern region, one in the southern region, and one in the western region.
BUSINESS
F&O Manual | Nifty surges higher with tech heavyweights, bulls maintain grip despite overbought sentiment
Nifty traded higher with positive contributions from Infosys, TCS, ICICI Bank, HCL Tech and Tech Mahindra. Nifty was up by 57 points or 0.30 percent at 19,471.55, while Bank Nifty traded higher at 44,676.50, up by 11.45 points or 0.026 percent.
BUSINESS
F&O Manual: Positive market trends persist despite volatility on expiry; metal and realty sectors support sectoral indices
Nifty trades higher at 19,540.20, while Bank Nifty rises to 44,961.55. Put writers dominate options data. Consolidation expected until a decisive close beyond 19300-19550 range. Bank Nifty faces hurdles at 19500.
BUSINESS
TCS vs Infosys vs Wipro vs HCL Tech: Derivatives outlook on Tech stocks ahead of Q1 earnings results
The IT index has been volatile in the July series, with open interest additions mostly on the bullish side. A look at what experts say
BUSINESS
F&O Manual: Bank Nifty struggles at 45,000 strike
As of 9:50 am, the Nifty traded 121 points or 0.63 percent higher at 19,477.30, while the Bank Nifty also traded 150.25 points or 0.33 percent higher at 45,011.10.
BUSINESS
F&O Manual: Nifty faces stiff resistance at 19,500, shows volatile moves
The range of 19,500-19,600 appears to be an immediate hurdle for the anticipated consolidation, while the major breakout levels around 19,000-18,900 serve as a strong foundation for the market.
BUSINESS
Eicher Motors plunges 12% in 5 days as competition rises; key support level at Rs 3,000: Experts
Eicher Motors’ stock price slipped nearly 1.19% on Friday, and nearly 12% in 5 trading sessions. The fall in stock price has eroded the company's market capitalisation by over Rs 10,000 crore.
BUSINESS
Talbros Automotive Component hits new 52-week high on winning orders worth Rs 400 crore
Talbros Automotive Component surged 12 percent in morning trading on July 7 after the company received new multi-year orders worth approximately Rs 400 crore.
BUSINESS
Subros shares soar 9% after government nod for truck cabin AC systems
Union Road Transport and Highways Minister Nitin Gadkari announced that he has approved the draft notification to mandate the installation of air-conditioning systems in the cabins of trucks belonging to categories N2 and N3.
BUSINESS
Hindustan Copper up 4% on expectations to reopen copper mine in Jharkhand
The PSU is expected to commence mining at its closed Rakha mine in Jharkhand, which will entail an investment of over Rs 2,000 crore, after obtaining final clearance from the state government, according to a top company official.
BUSINESS
Jio takes the lead in 5G deployment, Vi struggles with funding issues
Emkay Research says Reliance Jio and Bharti Airtel have installed approximately 275,000 base transceiver stations
BUSINESS
Paytm shares gain 1% post Q1FY24 business update, GMV Up 37% YoY
Paytm's gross merchandise value (GMV) for June quarter jumped 37 percent year-on-year (YoY) to Rs 4.05 lakh crore.
BUSINESS
HDFC Bank shares decline 3% post Q1 business update
HDFC Bank announced that deposits jumped 19.2 percent YoY to Rs 19.13 lakh crore, as compared to Rs 16.04 lakh crore in Q1FY23. And its advances aggregated to Rs 16.15 lakh crore for the quarter ended June 30, up nearly 15.8 percent year on year (YoY) from Rs 13.95 lakh crore a year ago.
BUSINESS
Som Distilleries & Breweries shares gain 3% as Board mulls preferential fundraising
On July 8 the board members of the company will meet to consider fund raising by issuing convertible equity warrants to promoters and/or other prospective investors on preferential basis.
BUSINESS
Shares of NBCC India gain 2% post signing MoU with Currency Note Press
NBCC inked an MoU with Currency Note Press under Security Printing and Minting Corporation of India on June 23.
BUSINESS
F&O Manual | Nifty continues to gain for sixth straight session, experts see supply pressure at 19,400
Bullish traders accumulated long positions in Bajaj Finance, PNB, Bajaj Finserv, Federal Bank, Cholamandalam Invt and Finance, Canara bank. Buy on dips remains key strategy recommended by analysts.
BUSINESS
Shares of Eicher Motors slides 4% as Hero MotoCorp and Harley-Davidson unveil X440 in India
Harley-Davidson and Hero MotoCorp have launched the X440 in India, which is the most affordable Harley-Davidson bike to ever come to India since the Street 750.
BUSINESS
Ashok Leyland shares gain as June sales beat Jefferies' estimates
The carmaker's total sales (including both domestic and exports) came at 15,221 units in June, up 5 percent year on year (YoY) compared to 14,531 units in June FY22.
BUSINESS
Shares of CreditAccess Grameen trade higher after promoter sells stake
Plutus Wealth Management LLP, Canara Robeco Mutual Fund, BNP Paribas Arbitrage are the major institutional buyers to have acquired 2.18 percent of the stake sale.
BUSINESS
Paras Defence gains 2% after on bagging 400-drone contract
The Rs 42.4 crore contract includes procurement of 400 agri-drones for IFFCO Nano Fertilisers and a two-year annual maintenance contract
BUSINESS
Suzlon Energy gains 3%, trades at 5-year-high levels
ICICI securities has given a 'buy' rating on the stock, with a target price of Rs 22 per share, valuing it at 24 times the estimated earnings per share (EPS) for FY25
