Page 1001 - Markets News
KFin Technologies hits 52-week high on robust Q1FY25; topline grows 31%
The surge in the stock price came after the company posted a strong set of June quarter results (Q1FY25).
 "KFin Technologies hits 52-week high on robust Q1FY25; topline grows 31%")
Nifty PSU Bank index surges 3%; PNB soars 7% on strong Q1 results
PSU Banks in focus post Q1 earnings: PNB, BoI, BoB, Uco Bank and IOB rallied over 3% each. SBI, Canara Bank, Union Bank of India, Indian Bank and Central Bank were up 2-3%.
 "Nifty PSU Bank index surges 3%; PNB soars 7% on strong Q1 results")
Sanofi India stock falls 2% on weak June quarter results; profit falls 16%
The fall in the share price came after the pharmaceutical company reported a weak set of June quarter of financial year 2025 (Q1FY25) results.
 "Sanofi India stock falls 2% on weak June quarter results; profit falls 16%")
Nifty50, Nifty IT, Nifty Bank, Nifty Auto, Nifty FMCG: Key levels to track
Technical outlook on NSE Nifty sectoral indices: Here's how the key sectoral indices are placed on the technical charts as the NSE Nifty 50 reaches within striking distance of the 25,000 landmark.
 "Nifty50, Nifty IT, Nifty Bank, Nifty Auto, Nifty FMCG: Key levels to track")
Bandhan Bank stock price surges 12% on healthy June quarter earnings
Bandhan in annual report said that the Bank will continue to focus on retaining its strength in the microfinance market, it will ensure that the agenda of diversification of the asset book is on track
 "Bandhan Bank stock price surges 12% on healthy June quarter earnings")
RNFI Services listing today: Shares make bumper debut, list at 90% premium
The grey market premium (GMP) of RNFI Services' IPO shares soared over 81 per cent ahead of its listing, indicating solid listing gains for investors
 "RNFI Services listing today: Shares make bumper debut, list at 90% premium")
Why is China turning its back to gold jewellery? Chris Wood explains
In dollar terms, gold prices hit $2,331/oz at the end of H1-CY24, according to WGC data, rising 12.1 per cent during this period
 "Why is China turning its back to gold jewellery? Chris Wood explains")
BHEL rises over 3% on bagging Rs 10,000 cr-order from Damodar Valley Corp
The surge in the share price came after the company secured Rs 10,000 crore order for 1600MW Damodar Valley Corp project.
 "BHEL rises over 3% on bagging Rs 10,000 cr-order from Damodar Valley Corp")
Yen eases after demands sap, Nikkei jumps amid central bank meetings loom
Speculation has grown that the Bank of Japan will raise interest rates on Wednesday at the same time as significantly reducing its monthly bond purchases
 "Yen eases after demands sap, Nikkei jumps amid central bank meetings loom")
Big bond funds managers in India argue that long-term rates going down
Yields on 30-year bonds have dropped more than 40 basis points this year to 7.04 per cent on Friday
 "Big bond funds managers in India argue that long-term rates going down")
Asia shares rebound, hoping for dovish Fed guidance for a Sept rate cut
The Bank of Japan also meets Wednesday and markets imply a 70% chance it will hike rates by 10 basis points to 0.2%, with some chance it could move by 15 basis points
 "Asia shares rebound, hoping for dovish Fed guidance for a Sept rate cut")
Stocks to Watch, July 29: ICICI Bank, BHEL, SBI Card, Paytm, IndiGo, RNFI
Stocks to watch today, July 29, 2024: GIFT Nifty indicates a positive start for the benchmark equity indices on Monday. Here are buzzing stocks to watch during today's trading session
 "Stocks to Watch, July 29: ICICI Bank, BHEL, SBI Card, Paytm, IndiGo, RNFI")
Market outlook Jul 29: Nifty eyes 25K; Fed rate cut bets spark global rally
All you need to know before the market opens today: GIFT Nifty futures were quoting atop 25,000-mark, hinting at over 100 points gap-up. Nikkei rallied nearly 3 per cent, while Kospi gained over 1 per
 "Market outlook Jul 29: Nifty eyes 25K; Fed rate cut bets spark global rally")
Nifty 50 & Midcap Select: Check support, resistance and other details here
The Nifty 50 Index is on a bullish trajectory with key resistance at 25,050 and 25,336.
 "Nifty 50 & Midcap Select: Check support, resistance and other details here")
Jigar S Patel of Anand Rathi recommends buying these three stocks today
After reaching a peak near the Rs 101-mark in September 2023, the IDFC First Bank stock experienced a substantial correction of 30 points, translating to a 29.34 per cent decline from its high.
 "Jigar S Patel of Anand Rathi recommends buying these three stocks today")
Rupee may bounce back in Aug on weak dollar, US rate cut hopes: BS poll
But some see it hitting 84/$ tracking Asian peers
 "Rupee may bounce back in Aug on weak dollar, US rate cut hopes: BS poll")
Realty sector loses Rs 6,480 crore in market value after Union Budget
Analysts feel removal of indexation may dampen investor sentiments, particularly in high-end segments
 "Realty sector loses Rs 6,480 crore in market value after Union Budget")
Overseas training or vacation? Sebi puts kibosh on MFDs' foreign 'perks'
Amfi's hammer fall: No 'incentivisation programmes' beyond Indian shores
 "Overseas training or vacation? Sebi puts kibosh on MFDs' foreign 'perks'")
Street Signs: High cost of trading, Akums Drugs GMP at 25%, and more
Shares of Akums Drugs and Pharmaceuticals commanded a grey market premium of 25 per cent ahead of its initial public offering (IPO)
 "Street Signs: High cost of trading, Akums Drugs GMP at 25%, and more")
WazirX unveils recovery plan after $230 mn cyberattack, seeks user vote
WazirX will socialise the loss and distribute its impact across all the users on the platform
 "WazirX unveils recovery plan after $230 mn cyberattack, seeks user vote")