Stock Market Highlights, July 30: Benchmarks end flat; Smallcap stocks shine

Stock Market Highlights on Tuesday, July 30, 2024: Among the broader indices, small-cap stocks outperformed the others with the BSE Smallcap index settling at 55,411, up 0.88 per cent

3:57 PM

Comment :: What all happened in the markets today?

The domestic market ended flat, due to by profit-booking at higher levels. However, the expectation of dovish comments from the US Fed and BoE in the upcoming policy meetings this week is supporting the optimism. The investors will also closely monitor comments from BoE and BoJ. The BOE is expected to lower rates due to rising unemployment and easing inflation, while the BOJ is likely to increase rates in response to surging inflation, potentially causing market volatility.

Views by: Vinod Nair, Head of Research, Geojit Financial Services.

3:39 PM

Currency Check :: Rupee ends 1 paisa higher vs US dollar at 83.727

3:37 PM

Broader markets :: SmallCap index adds 0.88%, MidCap around 0.3%

3:35 PM

Sensex Heatmap :: Tata Motors, HDFC Bank, NTPC help index log gains on Tuesday

3:34 PM

Closing Bell :: Nifty swings over 170 pts intraday, ends marginally higher

3:32 PM

Closing Bell :: Sensex ends choppy session around 100 pts higher

3:29 PM

Sebi returns IPO documents of Vishal Mega Mart, Avanse Fin, and 2 others

Vishal Mega Mart, on July 12, took the confidential filing route to submit its draft papers with the markets regulator. Avanse Financial Services filed its draft papers in June to raise Rs 3,500 crore through IPO. The proposed initial share sale comprised a fresh issue of equity shares of up to Rs 1,000 crore and an offer for sale (OFS) of up to Rs 2,500 crore by the selling shareholders, according to the draft red herring prospectus (DRHP). READ MORE

3:20 PM

June quarter results :: Indian Oil posts net profit of Rs 2,643 crore

>> PAT was Rs 4,838 cr QoQ

>> Revenue at Rs 1.93 trillion, flat QoQ

>> Ebitda at Rs 8,636 crore vs Rs 10,435 cr QoQ

>> Ebitda margin at 4.5% vs 5.3% QoQ

3:14 PM

Ola Electric set for IPO with Rs 12-13 GMP, price band at Rs 72-76 a share

During a press meet on Monday, Ola’s founder and CEO Bhavish Aggarwal said, “I wanted to make sure we price it attractively for the entire investor community in India and in the private rounds, whatever the valuations are, it was very important for us and for me personally, to make sure that we get the whole Indian investor community along on this journey.” READ MORE

3:03 PM

Jindal Drilling stock price zooms 18% after mixed June quarter performance

The company’s profit jumped 263.4 per cent to Rs 43.9 crore in the June quarter of financial year 2025 (Q1FY25) as opposed to Rs 12.1 crore in the same quarter last year (Q1FY24). READ MORE

2:55 PM

Gold demand in India drops 5% in June 2024 quarter: World Gold Council

Gold prices, meanwhile, surged 18 per cent year-on-year (YoY) in the June 2024 quarter to $2,338.2 an ounce (oz), and were up nearly 13 per cent when compared with the December 2023. READ MORE

 

2:45 PM

ALERT:: Force Motors Q1 net jumps 66%; stock rallies 8%

Force Motors in an exchange filing today posted 66.2 per cent YoY growth in Q1FY25 net profit at RS 119.59 crore when compared with Rs 71.97 crore in Q1FY24. Total income increased by 26.7 per cent to Rs 1,899.75 crore from Rs 1,498.91 crore.

2:36 PM

Q1 preview: What to expect from Bank of Baroda results on July 31?

The bank, according to analysts, may report a weak set of earnings for Q1FY25 with net profit rising anywhere between 1 per cent and 13 per cent on a year-on-year basis. This would translate into up to 16 per cent quarter-on-quarter (Q-o-Q) decline in profit after tax (PAT). READ MORE

2:27 PM

ALERT:: Skipper Q1 net soars 125%; stock zooms 8%

Skipper in an exchange filing today reported 125.3 per cent YoY surge in Q1FY25 net profit to RS 31.59 crore when compared with Rs 14.02 crore in Q1FY24. Total income also jumped 97 per cent to Rs 1,095.10 crore from Rs 556.04 crore.

2:18 PM

This Ashish Kacholia stock has zoomed 55% in July; up 125% from June low

Shares of Balu Forge Industries hit a new high of Rs 501, surging 7% on the BSE in Tuesday's intra-day trade and rallied 23% in four days. Company to announce Q1 results today. READ MORE

 

2:07 PM

Foreign investors unhappy after India restores curbs on some bond purchases

The decision had been made in consultation with the government, the Reserve Bank of India added, but gave no reason. READ MORE

1:58 PM

ALERT:: Exide Q1 net rises 16%; stock slips 2%

Exide Industries in an exchange filing today posted 15.5 per cent YoY growth in Q1FY25 net profit at RS 279.57 crore when compared with Rs 241.94 crore in Q1FY24. Total income rose by 5.7 per cent YoY to Rs 4,326.91 crore from Rs 4,091.82 crore.

1:46 PM

Tata Motors soars 5%; gains for 5th straight day after Nomura's 'buy' call

Tata Motors share price hit a new high of Rs 1,179.05 on the BSE today, Tuesday, July 30, 2024. Tata Motors share price rallied 5 per cent on the BSE in the intraday deal, extending its past four days' upward move on expectations of strong operational performance. READ MORE

1:35 PM

Sun Pharma Q1 Preview: R&D spends to hit margins; profits may rise 10%

Brokerages expect a satisfactory quarter for Sun Pharma giant with a steady growth in the topline as well as bottomline on a year-on-year (YoY) basis, however, sequentially the bottomline may get hit. READ MORE

1:26 PM

ALERT:: CarTrade Q1 net jumps 69%; stock zooms over 5%

CarTrade Tech today reported 69 per cent YoY growth in Q1FY25 consolidated net at RS 22.90 crore as against Rs 13.51 crore in Q1FY24. Total income increased 46 per cent to Rs 156.36 crore from Rs 106.91 crore. READ MORE

1:18 PM

Shares of oil marketing companies rally up to 6%; BPCL, HPCL at new highs

According to HPCL, India's ambitious goal of expanding road connectivity, manufacturing, and construction activities is expected to support economic growth and further drive oil consumption in India. READ MORE

1:08 PM

Varun Beverages sees profit booking after Q2CY24 results meet estimates; stock down 6%

The fall in the stock price came after investors jumped to book profit after stellar numbers in the second quarter and half year ended June 30, 2024 (H1CY24), which met street estimates. READ MORE

Photo: Bloomberg

12:57 PM

M&M Q1 Preview: Analysts eye strong revenue growth; Ebitda to rise upto 23%

Analysts anticipate a strong auto demand momentum for the June quarter (Q1FY25), predicting a 13 per cent year-on-year (Y-o-Y) increase in revenue for the auto sector. Earnings before interest, tax, depreciation and amortisation (Ebitda) growth, analysts believe, is expected to exceed revenue growth, rising 17 per cent Y-o-Y due to improved scale and net pricing. READ MORE

12:47 PM

RVNL up 3% on Rs 739 crore-order win; to announce Q1FY25 results on Aug 8

The rise in the stock price came after the company announced that it has secured an order from Himachal Pradesh State Electricity Board limited (HPSEBL). READ MORE

12:35 PM

Capital gains tax, valuation woes: No stopping the mid, smallcap bulls

From the July 23 Budget 2024-day low, the midcap and the smallcap indices on the BSE have seen a surge of over 6 per cent and 7 per cent respectively. READ MORE

12:31 PM

PM Modi at CII event:: 25 cr people lifted out of poverty in the last 10 years

Govt focussed on ease of quality living, skill development and employment generation.

12:29 PM

PM Modi at CII event:: India's fiscal prudence a role model to entire world

India's share in global growth at 16%

12:28 PM

PM Modi at CII event:: Rail, Highway Budgets have grown by 8 times in last 10 years

12:25 PM

PM Modi at CII events: On tax benefits to MSME

PM Modi at CII event:: MSMEs earning up to Rs 3 cr gets tax benefit as against Rs 1 cr thresold in 2014

12:22 PM

Asian Market Update:: Hang Seng, Shanghai slip in mixed trade