Market highlights, July 26: Record close for benchmarks; Sensex soars 1,293 pts, Nifty near 24,850

Stock market highlights, July 26, 2024: In broader indices, the MidCap index outperformed benchmark indices rallying 2.12 per cent while SmallCap settled 1 per cent higher

4:01 PM

'The upturn was driven by positive reactions to strong US GDP data, which augurs well for global demand'

The domestic market experienced a substantial rebound on the start of the next month expiry, recovering from the recent losses incurred following the Union budget. This upturn was driven by positive reactions to the better-than-expected US GDP, which augurs well for global demand. Investors are adopting buy on dip strategy, refocusing on quarterly earnings and stock-specific trends. Notably, gains were observed across sectors, with Metals and IT leading, and midcaps outperforming."

Views by: Vinod Nair, head of research, Geojit Financial Services.

 

3:44 PM

Sector Check: Nifty Metal was the top gainer

3:42 PM

Broader markets end higher

3:41 PM

Index heat map: Bharti Airtel was the top gainer

3:38 PM

Closing Bell: Nifty settles above 24,800

3:37 PM

Closing bell: Sensex zooms 1,300 points

3:24 PM

Paytm hits 10% upper circuit on reports of FDI nod for payment aggregator

Shares of Paytm were locked in 10 per cent upper circuit at Rs 508.85 per share on Friday, July 26, 2024. READ MORE

3:10 PM

This jewellery stock hit the 5th straight upper limit; up 95% from June low

PC Jeweller was locked in the upper circuit for the fifth straight day, up 5 per cent at Rs 85.83, also hitting a 19-month high on the BSE in Friday's intra-day trade amid heavy volumes. READ MORE

3:02 PM

ALERT:: Equitas SFB Q1 net plunges 87%; stock slips 1%

Equitas Small Finance Bank (SFB) Q1 dipped 87 per cent YoY to Rs 26 crore in Q1FY24, due to floating provision of Rs 180 crore to strengthen the PCR of the Bank, the bank said in a filing to the BSE. Net income grew by 11 per cent YoY to Rs 994 crore.

2:54 PM

ALERT :: Paytm share price hits 10% upper circuit; here's why

2:43 PM

3 reasons why the Sensex surged nearly 1,000 points on Friday, July 26

The unique feature of the ongoing bull market in India is its ability to climb all walls of worry. The market dismissed all concerns relating to elections, the Budget and the correction in the mother market of the US, said V K Vijayakumar, chief investment strategist at Geojit Financial Services. READ MORE

 

2:34 PM

Piramal Pharma Q1FY25 results; Loss improves to Rs 89 cr; shares jump 3%

The stock movement comes after the company reported its first quarter earnings for the financial year 2024-25 (Q1FY25).  READ MORE

2:25 PM

ALERT:: Amber Enterprises Q1 net jumps 60%; stock up 2%

Amber Enterprises Q1 consolidated net profit surged 60.3 per cent YoY to Rs 74.72 crore in Q1FY24 when compared with Rs 46.61 crore in Q1FY24. Total income increased by 40.7 per cent YoY to Rs 2,421.97 crore from Rs 1,721.30 crore.

2:16 PM

ION Exchange, Mphasis: Mid, smallcap stocks surge in trade

Shares of mid-and small-cap companies outperformed the benchmark indices, BSE Sensex and NSE Nifty50, on Friday, July 26. The gains in these two market segments were led by information technology (IT) and auto stocks. The BSE Midcap index climbed 1.81 per cent during intra-day trade, driven by gains in SJVN, Ashok Leyland, and Mphasis. READ MORE

2:06 PM

DLF plans to launch Rs 1.04 trn worth real estate projects in medium term

Giving the break-up, the company said a 12.8 million square feet area will be launched for sales this fiscal with a revenue potential of Rs 42,000 crore. READ MORE

1:56 PM

SpiceJet share price up 4.5% after SC upholds Delhi HC order favouring co

SpiceJet Supreme Court order: The Supreme Court, today, likely dismissed a petition filed by Kalanidhi Maran against the Delhi High Court's order which quashed the arbitral award in favour of Maran. READ MORE

1:47 PM

ITC Chairman Sanjiv Puri outlines investment of Rs 20,000 cr in medium term

Puri said, "Our confidence in the India story is unwavering and is reflected in your company's investment outlay of about Rs 20,000 crore in the medium term". READ MORE

1:38 PM

SBI Life stock scales new high; up 13% in 3 days on strong Q1 performance

The stock of life insurance company was trading higher for the third straight day, and has rallied 11 per cent after the company reported a strong performance in June quarter (Q1FY25). READ MORE

1:28 PM

ALERT:: Shriram Finance Q1 net surges 18%; stock gains 3%

Shriram Finance today reported 18.2 per cent YoY surge in net profit at Rs 1,981 crore for Q1FY24 as against Rs 1,675 crore in Q1FY24. Total income rose by 20 per cent YoY to Rs 9,605 crore from Rs 8,003 crore.

1:20 PM

ALERT:: Nifty at day's high, up over 350 pts

1:12 PM

LIC share at record high; m-cap hits Rs 7.56 trn post 39% rally in CY24

In the overall m-cap ranking, LIC of India is now the eighth largest listed company in India. It trails Reliance Industries, Tata Consultancy Services, HDFC Bank, ICICI Bank, Bharti Airtel, Infosys, and State Bank of India. READ MORE

1:06 PM

RBI's proposed liquidity norms expected to raise demand for bonds

The Reserve Bank of India's latest draft guidelines aimed at enhancing the liquidity resilience of lenders, amidst an increased use of digital infrastructure, are expected to boost demand for government bonds over the medium term, traders said. READ MORE

12:56 PM

FIIs cash out from equities post Budget 2024 on capital gains tax tweaks

FIIs net sold stocks worth Rs 10,712 crore in the cash market, and index futures worth Rs 10,336 crore in the derivatives segment in the three trading sessions post Budget 2024. READ MORE

12:47 PM

Sun Pharma shares hit 52-week high on USFDA approval for alopecia drug

This came after Sun Pharmaceuticals announced that the US Food and Drug Administration (USFDA) has approved its new drug application for Deuruxolitinib, a new treatment for Alopecia Areata. READ MORE

 

12:37 PM

ALERT:: Sensex at day's high, up 800 points

12:31 PM

China's ultra-long treasury bonds' use fuels expectations for more stimulus

After unshackling the economy from three years of Covid-19 restrictions, Chinese officials had hoped that stimulating the industrial sector would stabilise the job market. READ MORE

12:19 PM

F&O Watch: Market starts August series with record high OI; bias bullish

Nuvama Alternative & Quantitative Research expects the bullish momentum in the market to continue with sectoral rotation in August derivatives series. READ MORE

12:10 PM

In talks with govt for level playing field on steel imports: Sajjan Jindal

Sajjan Jindal, chairman and managing director for JSW Steel, addressed shareholders at the company's annual general meeting on Friday, highlighting India's growth in steel demand and the challenge of cheaper imports. READ MORE

11:55 AM

Ion Exchange, EMS, Antony Waste zoom up to 35% post Budget. Here's why

Shares of water supply and management and waste management companies continued their upward movement as they rallied up to 16 per cent on the BSE in Friday’s intra-day trade on Budget allocation. Among individual stocks, Ion Exchange rallied 16 per cent to Rs 767, Antony Waste Handling Cell surged 11 per cent to Rs 902.25, followed by EMS (14 per cent) and VA Tech Wabag (6 per cent to Rs 1,405). READ MORE

11:40 AM

BL Kashyap hits 52-week high on Rs 160 crore-order win; stock surges 7%

Shares of BL Kashyap soared as much as 7.40 per cent to hit a fresh 52-week high of Rs 110.91 per share on Friday, July 26. READ MORE