On July 9, the closing prices of four stocks in the Nifty500 pack surged more than 1.5% compared to the VWAP. This upward move above the VWAP indicates a possible bullish trend.
The Meghalaya government is introducing QR codes in school textbooks to provide students with additional information and educational resources. This initiative is aimed at improving time management skills and offering students more learning opportunities. Officials believe that the QR codes will enhance students' learning experience and support self-improvement.
HDFC Asset Management Company Ltd., incorporated in the year 1999, is a Large Cap company (having a market cap of Rs 89384.68 Crore) operating in Financial Services sector.
The BSE Sensex was trading 160 points, or 0.20%, lower at 80,191. The Nifty50 was down 33 points, or 0.14%, trading at 24,399 around 9:20 am.
According to stockedge.com's technical scan data, within the Nifty200 pack, we have identified four stocks that closed on July 9 at a 5-year high, indicating bullish momentum in these counters.
Nippon Life India Asset Management Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 41778.37 Crore) operating in Financial Services sector.
Signs of a turning point in humanity’s fossil fuel addiction are everywhere, from evidence that China’s emissions are peaking this year, to the ongoing failure of crude oil output to climb above levels it hit in 2018.
Imagicaaworld Entertainment Ltd., incorporated in the year 2010, is a Small Cap company (having a market cap of Rs 4210.41 Crore) operating in Media & Entertainment sector.
Macquarie maintains a neutral view on Maruti Suzuki with a target price of Rs 11,565. India's second-largest state has eliminated taxes on strong hybrids, cutting the price premium over ICE vehicles from 20% to 10%. This change is beneficial for Maruti Suzuki, which holds a 20% market share in strong hybrids as of CY2023.
An eco-luxury living project, Trifecta Vanto, is located in the prime area of Sarjapur Road in East Bengaluru. Read on to discover the array of sustainable luxury offerings with environmentally friendly features.
Nifty may report 4% Q1 earnings growth driven by BFSI, auto, metals, healthcare, and real estate, with Trent and Zomato showing significant consumption sector growth. Pharmaceuticals Glenmark Pharma and Laurus Labs have high growth, private and PSU banks lower. Motilal Oswal and Kotak predict 30 companies may report over 100% profit growth.
President Putin has been actively engaging in diplomatic meetings with various world leaders since May. His recent interactions with leaders from China, India, Hungary, Turkey, North Korea, and other nations indicate a strategic effort to strengthen alliances and expand Russia's global influence.
Alliance Integrated Metaliks has set July 11 as the record date for a 2:1 bonus share issuance, making today the deadline to buy shares and qualify. Shareholders will receive two bonus shares for each held. The company plans to use Rs 26.33 crore from reserves/premiums for the bonus issue.
Bharat Heavy Electricals Ltd. key Products/Revenue Segments include Erection & Other Services, Other Operating Revenue, Scrap and Export Incentives for the year ending 31-Mar-2023.
Sun Pharma and M&M stocks exhibit bullish momentum with potential for gains. Technical and derivative factors support upward movement, suggesting breakouts. Recommendations include accumulating Sun Pharma near Rs 1590-1580 with a target of Rs 1700, and M&M near Rs 2930-2900 targeting Rs 3140.
Praj Industries Ltd., incorporated in the year 1985, is a Small Cap company (having a market cap of Rs 13705.10 Crore) operating in Engineering sector.
Larsen & Toubro Ltd., incorporated in the year 1946, is a Large Cap company (having a market cap of Rs 503967.26 Crore) operating in Construction sector.
PM Modi emphasized the strong India-Austria friendship during his first visit in 40 years since Indira Gandhi. Arriving from Moscow, Modi met Chancellor Nehammer and President Van der Bellen, addressing business leaders. The 2023 trip marks 75 years of ties, focusing on bilateral potential, global good, engagement with the Indian community, and shared values and geopolitical challenges.
Max Healthcare Institute Ltd., incorporated in the year 2001, is a Small Cap company (having a market cap of Rs 89187.54 Crore) operating in Hospitals & Allied Services sector.
The National Samsung Electronics Union (NSEU), whose roughly 30,000 members make up almost a quarter of the firm's South Korean workforce, said it has decided to continue striking because management has shown no indication of holding talks after a strike that started on Monday. "We haven't spoken to management since we started the strike on Monday," said Lee Hyun-kuk, the union's vice president.
PM Modi visited Vienna, marking the first Indian PM visit since Indira Gandhi in 1983. He will hold talks with Chancellor Nehammer and engage with the Indian community. Welcomed by FM Schallenberg, his visit celebrates 75 years of diplomatic ties. At the Ritz-Carlton, artists sang Vande Mataram. Earlier, he met Putin in Russia, ANI reported on July 9, 2024.
Equity markets continue to scale new highs and trade at rich valuations. Small & Midcap stocks continue to trade at expensive valuations, which is a sign of caution.The Nifty 100 Index is trading at 22x 12-month forward earnings, Nifty Midcap 150 is at 32x, Nifty Smallcap 250 Index is at 24x 12-month forward earnings.
The Indian market is poised to rise on Wednesday, influenced by positive global indicators. In terms of options, the maximum Call Open Interest (OI) is concentrated at 24,500 and then 24,400 strikes, while the maximum Put OI is positioned at 24,400 and then 24,300 strikes. Call writing is observed at 24,400 and then 24,600 strikes, with Put writing seen at 24,400 and then 24,300 strikes.
