The 30-share BSE Sensex was up 36.44 points at 80641.09
The stock quoted a 52-week high price of Rs 7974.25 and low of Rs 3248.0.
According to technical scan data from stockedge.com, on July 19, the closing prices of six stocks in the Nifty500 index fell by more than 3% compared to the VWAP.
North Eastern, Sportking India, MTNL, Nitin Spinners and RPG Life Sci, hit their fresh 52-week highs at 10:09AM.
Prizor Viztech debuted on the NSE SME platform with a 90% premium, opening at Rs 165.3 compared to its issue price of Rs 87 per share. Prior to listing, the stock traded at a Rs 105 premium in the unlisted market. The IPO, consisting solely of fresh equity, was oversubscribed 219 times, largely due to strong retail investor interest. Proceeds will fund capital and working capital needs, and general corporate purposes.
The Kanwariyas, who will pass through Delhi on their way to destinations in Haryana and Rajasthan, are expected to number between 1.5 to 2 million this year. To manage this large movement, traffic police have arranged for separate routes to minimise inconvenience for both local residents and devotees.
These schemes are similar to erstwhile monthly income plans or MIPs. MIPs were extremely popular at one point. They used to invest a small part of their portfolio in stocks. But their USP, as the name suggests, was regular income in the form of dividends. However, regular dividends stopped when the market got into a bad phase. That was the end of MIPs. The lesson: do not bank on hybrid funds to secure a regular income.
Sati Poly Plast listed on NSE SME at Rs 247, a 90% gain from the Rs 130 issue price. IPO booked over 400 times. Transitioning from trading to manufacturing from 2015 to 2019, it offers end-to-end packaging solutions.
As of 30-Jun-2024, promoters held 51.46 per cent stake in the company, while FIIs held 11.2 per cent and domestic institutional investors had 5.16 per cent.
According to technical scan data from stockedge.com, on July 19, the closing prices of four stocks in the Nifty500 index surged more than 1% compared to the VWAP.
Wipro, RIL, Kotak Bank, ICICI Bank and Eicher Motors were among the top losers on NSE.
The rupee appreciated by 5 paise to 83.65 per US dollar, supported by a weaker dollar index at 104.29 and RBI intervention. Forex reserves hit $666.854 billion. Sensex fell 264.92 points; Nifty 88.10 points. FIIs invested ₹1,506.12 crore. Brent crude traded at $83.20 per barrel. Previous rupee low was 83.70. Macroeconomic changes and weak US data impacted the dollar.
Stage is set for solid gains post-Budget with these 30 PSU and Modi stocks. Analysts predict a focus on defence, rail, infrastructure, and power sectors. Don't miss out on potential winners like HAL, BEL, L&T, and NTPC.
The stock quoted a 52-week high of Rs 663.4 and a 52-week low of Rs 371.45.
Budget 2024: As the budget session approaches under Modi 3.0, anticipation is high in the travel and tourism sector. Expectations focus on enhancing infrastructure, improving connectivity, and boosting travel experiences. Granting infrastructure status and policy regularisation can unlock funding, while rationalising GST rates can make travel more affordable. Financial incentives and tax modifications could stimulate domestic tourism. The upcoming budget is poised to propel the industry towards inclusive growth and global competitiveness.
The FMCG stock hit a record high of Rs 1269 on 7th March 2024 but it failed to hold on to the momentum. The stock drifted lower and moved in a range on the daily charts.
The NSE Nifty index was trading 8.25 points down at 24522.65
BUDGET 2024 NEWS: Despite India’s strong economic growth of 8.2% in FY24 under Narendra Modi government, private consumption lagged at 4%. Experts urge Finance Minister Nirmala Sitharaman to address this in the Union Budget 2024, suggesting measures like tax cuts and boosting rural infrastructure to improve consumer spending and support long-term employment growth.
Reliance Industries shares dropped 3% to Rs 3,019 on BSE as it reported a 5% YoY profit decline, missing Street estimates for Q1. Jefferies lowered target price to Rs 3,525 citing retail underperformance and subdued oil-to-chemicals outlook. Nuvama set the highest target at Rs 3,786. Macquarie maintained a neutral stance, targeting Rs 2,750, citing potential downside to consensus EPS.
With Biden gone and Vice President Kamala Harris building momentum to claim the nomination, Democrats went online to contribute at a startling pace. Donations spiked from an average of less than $200,000 per hour in the hours before Biden quit to nearly $11.5 million in a single hour later Sunday, the analysis shows.
Nvidia's B20 chip for China, part of the Blackwell series, meets 2023 U.S. export controls. Collaborating with Inspur, its official announcement is pending. U.S. export regulations aim to prevent China's military advancements. The B200, a speedy chatbot response chip, is part of this series. Production is set for this year.
Prime Minister Narendra Modi will visit Ladakh's Drass on July 26 to mark the 25th anniversary of Kargil Vijay Diwas. Earlier on Sunday, Lt. Governor of Ladakh Brig (Retd) B D Mishra held a meeting at the secretariat and reviewed arrangements for the PM's visit to the Kargil War Memorial at Drass.
ITA requests TDS exemption on cash withdrawals, concessional duty for machinery, and increased funds for Tea Board’s scheme.
The presidential campaign took a dramatic turn when Joe Biden unexpectedly dropped out and endorsed Kamala Harris, reshaping the election dynamics just 107 days before the vote. Trump now faces a much younger opponent in Harris, the first woman of color on a major party ticket. Amid the whirlwind, both parties scramble to adjust strategies, setting the stage for a contentious and unpredictable race.
