Stock Market Highlights, July 4: Sensex, Nifty end flat; HDFC Bank falls 2%, Tata Motors rises 3%

Stock market Highlights today, Thursday, July 04: The broader markets, however, outperformed the benchmarks with the BSE MidCap and SmallCap indices closing 0.6 per cent higher each

4:10 PM

Tech View :: 'Nifty could face resistance in the 24,380-24,401 range'

Nifty formed a small negative candle on July 04 but closed above the doji formed on the previous day. Nifty is not yet showing any clear trend and keeps consolidating with an upward bias. Nifty could face resistance in the 24,380-24,401 band while support could come in at 24,174-24,236 band in the near term. 

 

Views by: Deepak Jasani, Head of Retail Research, HDFC Securities

3:52 PM

Comment :: What is driving stock market sentiment?

The defensive bet on large caps like IT and pharma gained momentum due to the diminishing US inflationary pressure, improvement in QoQ earnings outlook and a resultant sharp fall in the US 10 yr bond yield. The buoyancy in government spending and the green shoots in corporate earnings are now supporting the premium valuation. Return of FIIs to the domestic market and expectation of a rate cut in September are supporting market sentiment.

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

3:48 PM

Comment :: 'Wait for potential dips to add long positions in Nifty'

The Nifty has approached its immediate target of 24,500 and appears slightly overextended. It would be prudent to take some profits and wait for a potential dip before considering new long positions in the index.

Meanwhile, the broader market strength and specific sectoral buying opportunities suggest that traders should focus more on stock selection and utilise dip/consolidation to add quality names.

Views by: Ajit Mishra – SVP, Research, Religare Broking

3:46 PM

Currency check :: Rupee ends 3 paise higher at 83.50/$

3:44 PM

Broader market check :: Mid, SmallCap indices gain 0.6% each

3:43 PM

Sectoral trends :: Pharma, IT hold gains in lacklustre session; Media, FMCG stocks slip

3:41 PM

Sensex Heatmap :: Profit booking in financials weigh on benchmarks

3:40 PM

Closing Bell :: Nifty ends 24,300

3:38 PM

Closing Bell :: Sensex pares gains but holds 80,000

3:27 PM

This small-cap stock has bounced back 80% from June low; zooms 3x in 1 year

With today's rally, the stock of the small-cap firm has bounced back 80 per cent from its June 4 low of Rs 268.  In the past one year, it has zoomed 213 per cent, as against 22.3 per cent rally in the benchmark index. READ MORE

3:15 PM

Listed media majors expected to struggle in the first half of FY25

The advertising environment in the first quarter was marked by the Indian Premier League (IPL) in April and May, the T20 World Cup in June, and election-related ad spends. Fast-moving consumer goods (FMCG) ad spending slowed down in June, pointed out Balaji Subramanian and Siddharth Zabak of IIFL Research, due to an erratic monsoon and in anticipation of the Union Budget. Zee and Sun may see muted ad revenue growth, as they are under-indexed in the sports and news genres. READ MORE

3:03 PM

Not politics, not interest rates: India's economy at risk from water

The shortages are affecting rural and urban Indians alike, disrupting agriculture and industry, stoking food inflation and risking social unrest. READ MORE

2:53 PM

Lupin stock rallies 7%, hits multi-year high on healthy earnings outlook

The management expects to sustain US business at the $200 million plus level, going ahead with the continued ramp-up of Tiotropium and new product launches in fiscal year 2024-25. READ MORE

2:43 PM

SME IPO opening price to be capped at 90% in pre-open on listing day: NSE

NSE price cap on SME IPO: The price control cap of 90 per cent shall be applicable only to the SME segment and not for Mainboard IPOs, NSE said. READ MORE

2:30 PM

Bandhan Bank shares gain 2% on strong June quarter business update

Bandhan Bank in focus:Shares of private lender Bandhan Bank gained as much as 1.75 per cent to hit an intraday high of Rs 214.65 per share on Thursday, July 04.  READ MORE

2:16 PM

ALERT:: Sai Silks Q1 sales dips 12%; stock down 3%

Sai Silks (Kalamandir) said it achieved 12.25 per cent decline in quarterly sales (Q1FY25) at Rs 267.29 crore, compared to a year ago quarter. 

2:05 PM

FPIs turn net buyers, investments in financials at 6-mth high: NSDL data

The heaviest-weighted sector, financials, garnered FPI inflows worth Rs 9,170 crore (about $1.1 billion) during the month, the highest since December 2023. READ MORE

1:53 PM

Cello World QIP: Shares rally 6.5%, hit record high as Co fixes floor price

The rally in Cello World share price comes after the QIP Committee of the company initiated the fund raise process, via the Qualified Institutional Placement (QIP) route, at a floor price of Rs 896 per share. READ MORE

1:41 PM

Housing sales up 11% in Jan-Jun to hit 10-yr peak in 8 cities: Knight Frank

On an annual basis, housing sales rose 11 per cent to 1,73,241 units while leasing of office space grew 33 per cent to 34.7 million square feet during January-June this year across eight major cities. READ MORE

1:29 PM

GE T&D India hits 52-week high on securing orders worth 90 million euros

GE T&D India stock rise:Shares of GE T&D hit the 5-per cent upper circuit in the intraday trade, recording a fresh 52-week high of Rs 1,723.55 per share on the BSE on Thursday. READ MORE

1:17 PM

NSE puts cap on SME IPO listing price

- Caps listing price up to 90% over the SME issue price; NSE circular with effect from today.

 

1:13 PM

Adani group stocks fall; Adani Ent down 1.5%, Adani Ports slips 1%

Other Adani Group entities also saw losses, which include Adani Green 0.45 per cent, Adani Energy Solutions 0.62 per cent, Adani Total Gas 0.53 per cent and Adani Wilmar 0.46 per cent. READ MORE

1:02 PM

Asian Market Update:: China fall in an otherwise positive trend

12:51 PM

FMCG sector weightage in Nifty 50 falls to lowest level since 2010

The Indian equity market reached a new high on Wednesday as the benchmark S&P BSE Sensex crossed the 80,000 mark for the first time. Similarly, the National Stock Exchange Nifty 50 crossed 24,300 during the day and closed with gains of 0.67 per cent. READ MORE

12:36 PM

Busting 5 key myths in Indian stock market: Kotak strategy report

Today, thanks to the new-age media, social platforms and other informative channels, there is a plethora of educational information available on stock markets and related investments. This in a way has also helped in increasing the market participation, in terms of retail investors, across India. READ MORE

12:25 PM

Suraj Estate stock rallies 9% on healthy outlook; up 101% in one month

Shares of Suraj Estate Developers, a leading real estate player focused on South Central Mumbai (SCM) market, hit a record high of Rs 629, surging 9 per cent on the BSE in Thursday’s intra-day trade after the company said it entered into a definitive agreement for sale with the Clearing Corporation of India (CCIL). READ MORE

12:10 PM

Modi govt's Budget to send India's soaring stocks higher, shows survey

India’s $5 trillion stock market stands to gain as much as 20 per cent for the entire year, buoyed by government spending and continued momentum in corporate earnings, according to market watchers. READ MORE

12:09 PM

Kaya stock freezes at 10% upper circuit on Marico marketing collaboration

Shares of Kaya, a renowned dermatological solutions provider, were locked at the 10 per cent upper circuit at Rs 501.45 on the BSE on Thursday as of 10:11 am on news of collaboration with Marico. READ MORE

11:54 AM

Indian govt bond yields dip in early trade following slump in US peers

Indian government bond yields were lower in the early session on Thursday following a slump in US peers as weak economic data in the world's largest economy strengthened bets of interest rate cuts. READ MORE

11:47 AM

Explained: Sebi order on MII charges; Impact on stock brokers, investors

In its bid to create parity among market participants, with regards to turnover charges, the Securities and Exchange Board of India (Sebi) on Monday, July 01, 2024, issued a directive to market infrastructure institutions (MIIs) to levy an uniform fees, irrespective of the size of the market participants, essentially stock brokers. READ MORE