Page 940 - Markets News
Nifty Commodities shows signs of pullback in near-term; key levels here
The Nifty Commodities Index is showing signs of a potential pullback in the near term, making it a suitable candidate for selling on rises.
 "Nifty Commodities shows signs of pullback in near-term; key levels here")
Bank of Maharashtra raises just Rs 811 crore in infrastructure bond sale
Lender was looking to mop up Rs 3,000 crore, but bids totalled only Rs 1,390 crore
 "Bank of Maharashtra raises just Rs 811 crore in infrastructure bond sale")
Nifty hits 25,000: Next 5,000-pt rally could be led by banks, IT, autos
Devarsh Vakil, Deputy Head of Retail Research, HDFC Securities suggests that for the Nifty50 index to move up from the current levels, bank and IT sectors need to perform and do the heavy lifting
 "Nifty hits 25,000: Next 5,000-pt rally could be led by banks, IT, autos")
Why markets said 'meh' during previous US Federal Reserve rate cuts
Starting valuations remain vital to performance
 "Why markets said 'meh' during previous US Federal Reserve rate cuts")
Strong product portfolio likely to keep Maruti Suzuki in growth lane
Near-term demand momentum expected to be driven by CNG/utility vehicle segment
 "Strong product portfolio likely to keep Maruti Suzuki in growth lane")
Sebi fines JM Financial Asset Management, former CEO for flouting rules
In its order, Sebi noted that these five persons invested in certain JM Financial Mutual Fund schemes, holding defaulted Dewan Housing Finance Corporation Ltd (DHFL) securities before valuation change
 "Sebi fines JM Financial Asset Management, former CEO for flouting rules")
Stock Market Highlights, August 1: Sensex rises 126 pts, Nifty holds 25,000; PSU stocks shine
Stock Market Highlights on Thursday, August 1, 2024: The day ended in favour of the bulls, with 28 out of the 50 listed companies on the Nifty50 ending higher, led by Power Grid Corporation of India
 "Stock Market Highlights, August 1: Sensex rises 126 pts, Nifty holds 25,000; PSU stocks shine")
Power Grid stock hits new high on strong outlook; zooms 53% so far in CY24
The company is actively exploring opportunities to undertake transmission projects on BOOM model for RE developers, distribution licensees, and bulk consumers with advanced discussions underway.
 "Power Grid stock hits new high on strong outlook; zooms 53% so far in CY24")
Ola Electric IPO GMP soars: Will it ride the tide? Check brokerage calls
Several brokerage firms, including LKP Securities, Anand Rathi Research Team, and Kunvarji Wealth Solutions, have shared their outlook on India's first EV startup company's IPO ahead of its opening
 "Ola Electric IPO GMP soars: Will it ride the tide? Check brokerage calls")
SBI Q1 results: This PSB may report flat earnings on August 3. Details here
SBI Q1 results 2024: As per six brokerage estimates, SBI Q1 profit may move in the range of -4 per cent to +2 per cent year-on-year
 "SBI Q1 results: This PSB may report flat earnings on August 3. Details here")
Ashok Leyland falls 4% after July sales disappoint. Check details here
The fall in the share price came after the automotive manufacturer reported disappointing July 2024 sales numbers.
 "Ashok Leyland falls 4% after July sales disappoint. Check details here")
This Mukul Agrawal-owned broking stock has zoomed 46% in 7 days
Nuvama Wealth Management hit a new high of Rs 6,712, surging 6% on the BSE in Thursday's intra-day. The stock has more-than-doubled in just six months.
 "This Mukul Agrawal-owned broking stock has zoomed 46% in 7 days")
Tata Motors stock snaps 6-day winning streak on weak July 2024 sales
The fall in the share price came on the back of weak sales in July 2024.
 "Tata Motors stock snaps 6-day winning streak on weak July 2024 sales")
Adani Energy stock zooms 18% in 3 days on buzz of strong demand for its QIP
According to media reports, AESL's $1-billion QIP got strong response and was subscribed over 6 times.
 "Adani Energy stock zooms 18% in 3 days on buzz of strong demand for its QIP")
LIC, HDFC Life: Insurers stocks log up to 20% gain in July; what next?
Technical charts suggest that bias for insurance shares, barring Star Health, remain upbeat; hence, these stocks could see up to 12 per cent further upside from current levels.
 "LIC, HDFC Life: Insurers stocks log up to 20% gain in July; what next?")
Trading tips: What should you do with Bank of Baroda stock after Q1 result?
Bank of Baroda share price: On July 31, Bank of Baroda reported a standalone net profit of Rs 4,458 crore for Q1FY25, rising 9.5 per cent over the previous year profit
 "Trading tips: What should you do with Bank of Baroda stock after Q1 result?")
Firstsource Solutions surges 13% on heavy volumes; zooms 75% from June lows
FSL revised its revenue growth guidance to 11.5-13.5 per cent for FY25 in CC terms (vs 10-13 per cent earlier)
 "Firstsource Solutions surges 13% on heavy volumes; zooms 75% from June lows")
Relaxo falls 3% on weak Q1FY25 results; record date for dividend announced
The fall in the stock price came after the company reported a weak set of June quarter of financial year 2025 (Q1FY25) results.
 "Relaxo falls 3% on weak Q1FY25 results; record date for dividend announced")
Nifty rallies from 20,000 to 25,000 in 221 sessions; Check top movers here
Nifty 20K-25K top movers: Bajaj Auto has zoomed 100% since Nifty hit 20K on September 11, 2023. BPCL, Coal India, Mahindra & Mahindra, ONGC, Tata Motors and Hero MotoCorp other major Nifty 50 gainers.
 "Nifty rallies from 20,000 to 25,000 in 221 sessions; Check top movers here")
Phoenix Mills falls 3% after Q1 margin contacts; announces 1:1 bonus issue
The fall in the share price came after the company saw its margin squeeze in the June quarter of financial year 2025 (Q1FY25).
 "Phoenix Mills falls 3% after Q1 margin contacts; announces 1:1 bonus issue")