The 30-share BSE Sensex was up 905.95 points at 79665.35
Over 300 surrendered militants in Tripura, representing groups like the NLFT, ATTF, and BNCT, initiated a 48-hour hunger strike to demand their rehabilitation. These militants, who surrendered in phases until 2018, are calling for economic support, case withdrawals, and area development. S. K. Jamatia, their spokesperson, warned of larger agitations if demands remain unmet. Despite government schemes for militant rehabilitation, the protesters claim their issues remain unresolved, urging immediate action from the state.
China may face a slowdown in its booming steel exports due to new anti-dumping actions by Vietnam and other nations.
U.S. wariness of China, coupled with Beijing's desire to protect its technological competitiveness, threatens to rupture ties between the world's two largest economies.
FirstCry's IPO, launched by Brainbees Solutions, is open for subscription until August 8. The offering comprises a fresh issue of Rs 1,666 crore and an OFS worth up to Rs 2,528 crore. Analysts suggest subscribing due to the company's favorable market position and growth outlook. Funds will support expansion and marketing efforts.
On August 5, three Nifty500 stocks closed over 2.5% below their VWAP. Falling below VWAP suggests increased selling pressure, with the closing price lower than the weighted average price.
Top investors, including Warren Buffett and major Indian mutual funds, were seen increasing their cash reserves amid market turbulence. Buffett's cash piles rose to $277 billion, while Indian mutual funds held Rs 1.52 lakh crore in cash by June. Experts recommended a cautious, staggered investment strategy considering potential market corrections.
The moves show how China is gearing up to keep its technology ambitions on track amid rising trade tensions with the US and other western nations. They also show how the tensions are impacting the global semiconductor supply chain. HBM chips are crucial components in developing advanced processors such as Nvidia's graphics processing units that can be used for generative AI work.
The Indian market was projected to open higher on Tuesday, driven by global optimism. The Nifty Future fell by 2.50% to 24,094 on Monday. Analysts outlined key trading ranges and provided stock recommendations, including ITC, Tata Motors, and HPCL, with target prices and stop losses for short-term investors.
If you are thinking why Bank nifty was amongst the indices which got hit maximum on Monday. The answer is simple, the first part of every correction is also led by large caps stocks and that too specifically the stocks from the sectors which have big ownership by FPI. The biggest FPI exposure is in banking and IT stocks and that is the reason why banking was hit. The other fact is, large caps are the one to bounce the first because the same FPI will come and buy large, though it might from a different sector. Читать дальше...
Max Healthcare Institute Ltd., incorporated in the year 2001, is a Small Cap company (having a market cap of Rs 84143.32 Crore) operating in Hospitals & Allied Services sector.
After Monday’s surge, the India VIX dropped over 13% to 17.7. All 30 Sensex stocks were in the green, with Tata Motors, Tech Mahindra, L&T, Infosys, JSW Steel, HCL Tech, and Maruti leading gains of up to 3%. All major sectoral indices were trading with gains, with auto, IT, media, Metal, PSU bank, realty, cons durables, and oil & gas rising between 1-3%.
Sheikh Hasina News: Former Bangladesh Prime Minister Sheikh Hasina has safely arrived in India after resigning amidst political unrest. Her flight, monitored by Indian Air Force radars and escorted by Rafale jets, was closely coordinated by Indian security agencies. Upon landing at Hindon airbase, she was received by National Security Advisor Ajit Doval. The crisis in Bangladesh has led to the announcement of an interim government. Hasina's plans to travel to the UK remain uncertain, with international... Читать дальше...
Electronics Mart India Ltd., incorporated in the year 2018, is a Small Cap company (having a market cap of Rs 7964.68 Crore) operating in Retail sector.
Volatile is back, but there can be out performers. Outperformance on a bearish day is a good indication.
State Bank of India, the largest lender in the country, made a renewed push into wealth management. By deploying 2,000 executives as relationship managers and focusing on smaller companies, SBI aimed to capture a share of the growing wealth. The bank also reported a slight profit increase for the quarter, exceeding market expectations.
In a proposed class action filed in the Austin, Texas, federal court, three fliers blamed CrowdStrike's negligence in testing and deploying its software for the outage, which also disrupted banks, hospitals and emergency lines around the world. CrowdStrike said in a statement, "We believe this case lacks merit and we will vigorously defend the company."
Thermax Ltd., incorporated in the year 1980, is a Mid Cap company (having a market cap of Rs 54136.28 Crore) operating in Engineering sector.
Nobel laureate Muhammad Yunus, renowned for founding the Grameen Bank in 1983, is back in action to rebuild Bangladesh amid ongoing turmoil. He will serve as the chief adviser to the interim government, according to the Anti-Discrimination Student Movement. Yunus has faced controversy, including indictment on charges of embezzling $2 million from Grameen Telecom's workers' welfare fund and accusations of money laundering.
Emami Ltd., incorporated in the year 1983, is a Mid Cap company (having a market cap of Rs 32726.59 Crore) operating in FMCG sector.
On August 5, six NSE stocks with market caps over Rs 50,000 crore closed below their 200 DMA, signaling a negative trend as their prices fell beneath the long-term trend line.
Biocon Ltd., incorporated in the year 1978, is a Large Cap company (having a market cap of Rs 40868.42 Crore) operating in Pharmaceuticals sector.
The Indian rupee reached an all-time low, driven by a fall in Asian currencies and equity outflows. Traders indicated possible Reserve Bank of India intervention to prevent further declines. The rupee's previous low was 83.8450. Near-term pressures are anticipated for the currency due to unwinding carry trades and equity outflows.
Asian Paints' stock had been consolidating since January but recently showed upward movement after hitting a support level of 2,770. The stock currently trades at 3,093.40, showing strength after a consolidation breakout. Analysts see potential gains up to 3,320, while significant support remains at the 2,975 level.
State Bank of India, incorporated in the year 1955, is a banking company (having a market cap of Rs 724366.17 Crore).
