Page 1031 - Markets News
Top stock picks for July 01 by Angel One; check key levels here
On the weekly chart, Mahindra Logistics stock prices have confirmed a bullish reversal pattern breakout known as the Cup and Handle
 "Top stock picks for July 01 by Angel One; check key levels here")
Buy & sell ideas for July 01 from Anand Rathi: Nestle, SBI Life, ONGC
Notably, SBI Life has recently broken out of this consolidation range and is now sustaining levels above it, indicating a potential upward trend
 "Buy & sell ideas for July 01 from Anand Rathi: Nestle, SBI Life, ONGC")
UTI Money Market Fund is conservative by nature but bold in returns
The fund's month-end assets under management increased to Rs 11,680 crore in March 2024 from Rs 6,800 crore in March 2021
 "UTI Money Market Fund is conservative by nature but bold in returns")
Mcap of 9 of top-10 most valued firms jumps Rs 2.89 trn, Reliance shines
The BSE Sensex recorded the best monthly gain in June by climbing 7.14 per cent
 "Mcap of 9 of top-10 most valued firms jumps Rs 2.89 trn, Reliance shines")
FPIs invest Rs 26,565 crore in Indian equities in June amid rebound in mkt
Before that, FPIs made a net investment of Rs 35,098 crore in March and Rs 1,539 crore in February, while they took out Rs 25,743 crore in January
 "FPIs invest Rs 26,565 crore in Indian equities in June amid rebound in mkt")
Similarity between stocks, India T20 World Cup win? Virender Sehwag answers
During a consolidation phase, the stock trades in a certain range with subdued volumes. It faces selling pressure on the upside, near the same levels where supply was witnessed earlier
 "Similarity between stocks, India T20 World Cup win? Virender Sehwag answers")
Macroeconomic data, global trends to drive markets this week: Analysts
After a record rally, markets may face volatile trends this week amid elevated valuations
 "Macroeconomic data, global trends to drive markets this week: Analysts")
Investment holding companies rally after Sebi delisting framework
The Securities and Exchange Board of India (Sebi) on Thursday announced that with the entire public shareholding being extinguished, the holdcos will be delisted
 "Investment holding companies rally after Sebi delisting framework")
Sebi raises basic demat account limit to Rs 10 lakh to boost participation
The new guidelines will come into force from September 1, the Securities and Exchange Board of India (Sebi) said in a circular
 "Sebi raises basic demat account limit to Rs 10 lakh to boost participation")
Stock market highlights H1CY24: Sensex, Nifty hit new high; midcaps shine
According to the available data, domestic institutional investors (DIIs) have pumped in Rs 2.3 trillion in the Indian equities during H1-CY24. 37 mid, smallcap stocks have doubled during this period
 "Stock market highlights H1CY24: Sensex, Nifty hit new high; midcaps shine")
G-sec yields settle flat as foreign inflows underwhelmed investors
The 10-year benchmark bond yield inched up to 7.02 per cent during the day as traders sold their securities at a profit
 "G-sec yields settle flat as foreign inflows underwhelmed investors")
Godrej Properties on solid growth foundation amid strong pre-sales
Pune, Bengaluru and Hyderabad will drive growth in the near term in contrast to the prior two years when it was NCR and MMR
 "Godrej Properties on solid growth foundation amid strong pre-sales")
Geopolitics remains by far the biggest risk to markets, says Chris Wood
Back home, the midcap segment, Wood said, remains vulnerable to a correction. He believes there will also be a temptation for investors to tilt the portfolio more towards consumption plays
 "Geopolitics remains by far the biggest risk to markets, says Chris Wood")
Morgan Stanley, Citi, Jefferies: Brokerages decode RJio, Airtel tariff hike
In the last two rounds of tariff hikes, Vodafone Idea (Vi) in December 2019 and Bharti (Dec 2021) took the lead, while R-Jio was the last one to raise tariffs
 "Morgan Stanley, Citi, Jefferies: Brokerages decode RJio, Airtel tariff hike")
Shares of Trump Media and Technology up after first presidential debate
President Joe Biden and former President Donald Trump clashed on Thursday evening on topics including abortion, immigration and the January 6, 2021 attack on the US Capitol
 "Shares of Trump Media and Technology up after first presidential debate")
Sensex six-day winning run ends, drops by 210 points; Nifty down by 34
The Nifty closed at 24,011, down 34 points, or 0.14 per cent, as gains in Reliance Industries (RIL) were offset by losses in banking
 "Sensex six-day winning run ends, drops by 210 points; Nifty down by 34")
Stock Market Highlights, June 28: Benchmarks settle lower; Sensex above 79k, Nifty holds 24,000
Stock market highlights on Friday, June 28: BSE Sensex climbed 0.54 per cent or 428 points to hit a fresh record high of 79,671.58 while NSE's Nifty50 rallied 0.53 per cent to a new high of 24,174
 "Stock Market Highlights, June 28: Benchmarks settle lower; Sensex above 79k, Nifty holds 24,000")
Tyre stocks in focus; JK Tyre, Ceat, TVS, Goodyear rally up to 12%
Balkrishna Industries said in its FY24 annual report said that there has been a notable increase in demand for vehicles globally, which provide growth opportunities for tire industry.
 "Tyre stocks in focus; JK Tyre, Ceat, TVS, Goodyear rally up to 12%")
Nazara Tech share zooms 9% on acquisition of Freaks 4U Gaming for Rs 271 cr
The uptick in share price came after Nazara Technologies said NODWIN Gaming will increase its ownership in leading European esports company Freaks 4U Gaming to 100 per cent
 "Nazara Tech share zooms 9% on acquisition of Freaks 4U Gaming for Rs 271 cr")
HCG acquires majority stake in Vizag Hospital; stock price zooms 5%
This came after HCG said that it has acquired 51 per cent stake in Vizag Hospital with remaining 49 per cent equity to be acquired later in two tranches
 "HCG acquires majority stake in Vizag Hospital; stock price zooms 5%")