Page 947 - Markets News
Nomura upgrades Tata Motors to 'Buy', sees 26% upside; check new target
On the bourses, Tata Motors stocks were buzzing in trade after several brokerages raised the target prices. The stock rallied as much as 3.82 per cent to hit a fresh record high of Rs 1,067 per share.
 "Nomura upgrades Tata Motors to 'Buy', sees 26% upside; check new target")
PG Electroplast surges 16% on strong Q1 results; zooms 194% in 4 months
Management sees increased opportunities in the existing and new clients based on the current business environment.
 "PG Electroplast surges 16% on strong Q1 results; zooms 194% in 4 months")
Kataria Industries IPO: Allotment status today, GMP, likely listing price
Kataria Industries IPO allotment status: The unlisted shares of Kataria Industries are currently trading at a premium of Rs 70
 "Kataria Industries IPO: Allotment status today, GMP, likely listing price")
SME IPO: VL Infra issue closes today; check GMP, subscription status & more
VL Infra IPO has been subscribed 292.84 times in the retail category and 140.48 times in the NII category, while the QIB category has received a subscription of 9.31 times as of July 24, 2024
 "SME IPO: VL Infra issue closes today; check GMP, subscription status & more")
$1 trn rout hits Nasdaq 100 over AI jitters in worst day since 2022
The Nasdaq indexes tumbled more than 3% for the worst days since October 2022
 "$1 trn rout hits Nasdaq 100 over AI jitters in worst day since 2022")
Nuvama upgrades United Spirits to 'Buy' on stellar margin delivery in Q1
Brands such as Don Julio, Johnny Walker, RC American Pride, Godawan and McDowell X Series also performed well during the quarter.
 "Nuvama upgrades United Spirits to 'Buy' on stellar margin delivery in Q1")
Nykaa, SBI Card: Top stock picks by Jigar Patel of Anand Rathi for July 25
It is recommended to 'buy' Nykaa stocks within the price range of Rs 180 to Rs 185
 "Nykaa, SBI Card: Top stock picks by Jigar Patel of Anand Rathi for July 25")
Stocks to Watch, July 25: Axis Bk, LT, RBL Bk, BSE, Nestle, IGL, Canara Bk
Stocks to Watch today, July 25, 2024: Axis Bank ADRs fell 4.5 per cent overnight in US markets. Meanwhile, RBL Bank counter is expected to see a block deal today
 "Stocks to Watch, July 25: Axis Bk, LT, RBL Bk, BSE, Nestle, IGL, Canara Bk")
Yen rises over 0.5% as carry trades unwind, risk sentiment takes a hit
The yen rose more than 0.5 per cent to an intraday high of 152.835 per dollar, its strongest in 2-1/2-months
 "Yen rises over 0.5% as carry trades unwind, risk sentiment takes a hit")
Market outlook July 25: Global sell-off hints at 200-pt gap-down on Nifty
All you need to know before the market opens today: Dow, NASDAQ fall up to 3.6 per cent on Tesla, Google earnings disappointment; Nikkei slides 2.7 per cent. GIFT Nifty quotes near 24,200 levels.
 "Market outlook July 25: Global sell-off hints at 200-pt gap-down on Nifty")
Ajit Mishra of Religare Broking recommends buying these stocks on July 25
The markets traded lackluster and ended slightly lower, continuing the ongoing consolidation phase. After a flat start, the Nifty fluctuated within a narrow range, eventually closing at 24,413.50.
 "Ajit Mishra of Religare Broking recommends buying these stocks on July 25")
Stock Alert: Here's why Bajaj Finance may underperform markets in near-term
Bajaj Finance share price target: Bajaj Finance, analysts said, may face net interest margin pressure in Q2FY25 which may limit upside in stock price
 "Stock Alert: Here's why Bajaj Finance may underperform markets in near-term")
HUL sees profit booking after Q1FY25 results beat estimates; down 3%
Analysts said HUL is already at a 52-week high and has seen a sharp up move in the past two months. Thus, they believe that some profit booking in the near term is possible.
 "HUL sees profit booking after Q1FY25 results beat estimates; down 3%")
I-T dept says changes in capital gains tax to promote ease of compliance
The holding period of gold, unlisted securities (other than unlisted shares) is also reduced from 36 months to 24 months for calculating LTCG
 "I-T dept says changes in capital gains tax to promote ease of compliance")
Success rate of buyback programs could decline under new tax structure
From October 1, the gross proceeds received on buyback of shares will be taxed in the hands of the shareholder as 'deemed dividend'
 "Success rate of buyback programs could decline under new tax structure")
Markets extend losses as investors digest higher taxes on equity trades
FPIs selling amid weak global cues also weighed on market performance
 "Markets extend losses as investors digest higher taxes on equity trades")
Over 70% intraday traders suffered losses during FY23, reveals Sebi study
Sebi study underscores the risks associated with intraday trading
Investors hold on to gold ETFs even as prices slump after custom duty cut
Adjusted for fall in NAV, AUM of gold ETFs remain unaffected
 "Investors hold on to gold ETFs even as prices slump after custom duty cut")
Brokerages on board with Budget but for capital gains tax curveball
As markets sift the Budget's fine print, they'll also monitor Q1 earnings, monsoon trends, and global factors
 "Brokerages on board with Budget but for capital gains tax curveball")
India likely to amend rules to check hot flows on bond index entry
Central bank has designated class of bonds that can have full foreign ownership, JPMorgan Chase & Co. has included securities from this set of bonds into its emerging markets index that India joined
 "India likely to amend rules to check hot flows on bond index entry")