Two massive landslides struck Mundakkai and Churalmala in Wayanad in the early hours of July 30, causing extensive destruction, and 167 people were declared dead in the aftermath of the landslides, as per the Kerala Revenue Department. Meanwhile, Kerala Health Minister Veena George informed that over 154 bodies to the district administration.
The 30-share BSE Sensex was up 217.79 points at 81959.13
Ceigall India has launched its IPO, open for subscription until August 5, raising Rs 375.20 crore from anchor investors beforehand. The IPO consists of a fresh equity issue and an offer for sale, to raise close to Rs 1253 crore. Analysts suggest opting in due to the company's notable growth in the engineering, procurement, and construction sector.
A total of 128,166 shares changed hands on the counter till 10:00AM (IST)
Trom Industries’ shares listed on the NSE SME platform with a 90% premium, debuting at Rs 218.5 compared to the issue price of Rs 115. The IPO, involving 27.27 lakh fresh equity shares, saw a robust response with over 400 times subscription. Proceeds will fund capital expenditures, working capital, and corporate purposes.
SRF Ltd's stock, within the specialty chemical sector, reached a 52-week high of Rs 2,697 in May 2024 before stabilizing. Analysts believe it could soon hit Rs 3,000-Rs 3,200 levels, driven by a 'Bullish Engulfing' pattern and strength in moving averages, indicating a potential uptrend.
C-Edge Technologies, a tech service provider for cooperative banks, experienced a ransomware attack that disrupted online payment services for over 100 banks. The National Payments Corporation of India (NPCI) responded by isolating C-Edge from its payment systems to prevent further issues.
Nifty broke the 25,000 barrier, bolstered by upbeat comments from US Fed Chair Jerome Powell. The index's 1,000-point rise in 24 days marks its third fastest gain. While Q1 earnings were muted and valuations stretched, positive global trends and strong retail participation helped sustain the momentum.
ETMutualFunds launched its recommended mutual fund portfolios to invest through SIPs in October 2016. Since then, we have been closely monitoring the schemes in these portfolios and coming up with updates on them regularly. We also inform our readers about poorly performing schemes and replacements for them. The schemes in these ready made portfolios are selected based on our in-house methodology mentioned at the end of this article.
Delhi and the National Capital Region faced intense rainfall causing severe waterlogging and traffic disruptions. The India Meteorological Department reported 'cloud burst' type rains of over 100 millimeters in an hour and issued a 'red' warning. Residents were advised to stay indoors and airlines warned of potential flight delays, while several key roads suffered from significant congestion.
On July 31, four stocks from the Nifty500 pack fell more than 2.5% below their VWAP, signaling a potential bearish trend, according to StockEdge's technical scan data.
Hamas leader Haniyeh was killed in Tehran, blamed on Israel, amid growing tensions between Lebanon and Israel. His death complicates ongoing hostage negotiations in Gaza. Previous strikes in Golan Heights and Beirut had already escalated regional unrest. The incident has also affected oil prices, with significant economic implications for India.
The Science Based Targets initiative (SBTi) proposed new metrics for dealing with Scope 3 emissions, which constitute over 70% of a company's carbon footprint.
Chief financial officer Jatin Dalal said the sequential revenue growth of 2.1% in constant currency, driven by Financial Services and Health Sciences segments, was the strongest in two years.
Donald Trump defended his running mate, JD Vance, following backlash over Vance's controversial statements on childless individuals. Despite internal and external criticism, Trump expressed confidence that the focus would soon shift to the Democratic VP pick. The controversy has sparked debate over Vance's influence on the upcoming election.
Two massive landslides struck Mundakkai and Churalmala in Wayanad in the early hours of July 30, causing extensive destruction. Rescue operations are being intensified, political leaders are engaged in discussions, and financial aid is being mobilised for the region. In a post of X, Tharoor attached a letter and asked the Wayanad landslide to be declared as a calamity of severe nature.
On July 31, five stocks from the Nifty500 pack surged over 1.5% above their VWAP, indicating a potential bullish trend, according to StockEdge's technical scan data.
CLSA has reiterated its 'Outperform' rating on Coal India and increased the target price to Rs 580 from Rs 480. The firm noted that the first quarter was robust operationally, driven by lower costs. It anticipates continued resilient volume growth in the near term and, with a 5% dividend yield, considers the risk-reward profile to be compelling.
Several individuals are missing after landslides hit Wayanad. Rescue teams face difficult conditions as they search through debris in hard-hit areas like Mundakkai. Official estimates suggest 191 people are unaccounted for, though the actual figure may be higher. Efforts include transporting heavy equipment and constructing a Bailey bridge to assist in rescue operations.
Bank of Baroda, incorporated in the year 1911, is a banking company (having a market cap of Rs 131481.88 Crore).
On Thursday, the Indian market was projected to rise due to global market trends. The US and Asian markets performed well. Analysts provided specific support and resistance levels for Nifty and Bank Nifty, alongside stock recommendations. Traders were advised to maintain long positions and take new ones on dips.
Macrotech Developers Ltd., incorporated in the year 1995, is a Small Cap company (having a market cap of Rs 128860.23 Crore) operating in Real Estate sector.
GAIL (India) Ltd., incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 159774.92 Crore) operating in Gas & Petroleum sector.
On July 31, four stocks from the NSE with a market cap exceeding ₹1 lakh crore hit a 5-year swing high at the close, indicating bullish momentum.
Delhi Rains: Delhi saw heavy rainfall causing over 50 waterlogging complaints and traffic disruptions from 6 PM to midnight. Three lives were tragically lost: a mother and son in a waterlogged drain and one person in a structure collapse. Schools will remain closed due to a forecast of ongoing heavy rains till August 5.
