The 30-share BSE Sensex jumped 803 points or 1.04 per cent to make an intraday high of 77,989.44. The 50-share NSE Nifty made a high of 24,288.90, up 216 points or 0.90 per cent.
Hawkish Fed commentary and escalation in the US-Iran conflict will keep silver under pressure in the short term. The white metal is quite oversold but can extend its decline to test key support at $54
According to NSE data, several institutional investors bought shares of Laser Power & Infra through open-market transactions after its listing on Thursday.
SBI Funds Management IPO allotment status is expected today (Friday, July 17). Investors can check their allotment on the registrar Kfin Technologies' website, as well as on the BSE and NSE websites.
Today's rally came after Abakkus Investment Managers Pvt Ltd, owned by ace investor Sunil Singhania, acquired 29,39,588 shares of Mrs Bectors Food Specialities through a bulk deal.
Axis Bank's results will likely focus on earnings momentum amid pressure on net interest margins. Analysts expect the bank to continue reporting healthy loan growth, supported by corporate lending.
Rent, the NoBroker report said, is the single largest line item in most urban tenants' monthly budgets, and for nearly half of them it consumes more than 30 per cent of their monthly income
HDFC AMC has reported 12% Y-o-Y growth in consolidated PAT at ₹837.13 crore for Q1. Its revenue from operations grew by 13.6% Y-o-Y to ₹1,099.72 crore, while AUM stood at ₹9.35 trillion.
Laser Power share price: Shivani Nyati of Swastika Investmart has advised existing shareholders to stay invested for the medium to long term, while suggesting fresh accumulation on dips.
AM Karthik of ICRA Ltd said that NBFCs slow down disbursements, tighten their credit norms and prioritise collections and loan quality over loan growth when macroeconomic headwinds intensify.
Tractor sales, the JM Financial study said, were most sensitive to El Nino conditions, recording weaker sales growth during the La Niña period, which is associated with excess rainfall.
Analysts said the impact of a weak monsoon would depend more on the distribution of rainfall across key agricultural regions rather than the overall national rainfall figure.
Divya S of Capri Global said that a weak monsoon often increases gold loan demand, as rural households monetise jewellery to finance the next crop cycle or bridge working capital gaps.
Stock Markets LIVE | Wednesday, July 15: The BSE Sensex rose 130.49 points, or 0.17 per cent, to end at 77,185.43, while the NSE Nifty 50 closed 26.45 points, or 0.11 per cent, higher at 24,074.85.
Pre-sales numbers for most real estate developers are expected to stay on track in Q1FY27 to achieve targets for FY27, even as top developers like Oberoi and DLF did not launch projects this quarter
Groww share price target: Rajesh Palviya said that looking at the business volumes and traction on its platform, the stock has potential to extend the rally from current levels and move towards ₹260
