Page 955 - Markets News
Anand Rathi surges 4% on robust June quarter earnings; profit rises 38% YoY
Anand Rathi Wealth stock soared up to 3.58 per cent at Rs 4,285.85 per share on the BSE on Friday after the brokerage firm posted its April-June quarterly results for the fiscal year 2024-25 (Q1FY25)
 "Anand Rathi surges 4% on robust June quarter earnings; profit rises 38% YoY")
Rashtriya Chemicals hits all time high on Rs 515 cr-order win; stock up 10%
The stock rose after the company announced that it has bagged an order worth Rs 514.55 crore
 "Rashtriya Chemicals hits all time high on Rs 515 cr-order win; stock up 10%")
Govt bond yields marginally down ahead of fresh supply via debt auction
The latest data has led to a repricing of interest rate cut expectations, with the probability of a 25-basis-point rate cut by the Federal Reserve in September
 "Govt bond yields marginally down ahead of fresh supply via debt auction")
This PSU stock has surged 97% from June lows; zooms 850% over issue price
Ireda stock hit a new high, crossing the Rs 300-mark for the first time. Ireda stock has surged 23% in two days ahead of Q1 results
 "This PSU stock has surged 97% from June lows; zooms 850% over issue price")
Affle's shares rally 4% on patent win in US for podcast interaction system
Shares of Affle India soared up to 3.81 per cent at Rs 1463.95 per share on the BSE after the mobile marketing platform received a patent in the US
 "Affle's shares rally 4% on patent win in US for podcast interaction system")
Oriental Rail hits 5% upper limit after unit secures order worth Rs 432 cr
The uptick in the stock price came after the company announced that it has bagged an order worth Rs 4,32,15,97,524 crore from Railway Board, Indian Railways
 "Oriental Rail hits 5% upper limit after unit secures order worth Rs 432 cr")
Silver trading strategy today: Metal may test Rs 98,000 on MCX. Check here
Silver price target today, July 12: The white metal is expected to trade with a positive bias on rising odds of multiple rate cuts this year
 "Silver trading strategy today: Metal may test Rs 98,000 on MCX. Check here")
Gold price outlook, July 12: MCX Gold may hit Rs 74,400, say experts. Check why
Gold trading strategy for today, July 12, 2024: Much-awaited US CPI data (June) trailed the forecasts on all counts. US CPI Y-o-Y at 3 per cent as against the forecast of 3.10 per cent
 "Gold price outlook, July 12: MCX Gold may hit Rs 74,400, say experts. Check why")
How to trade TCS post Q1 results? Key levels to track on Infy, HCLT, Wipro
IT stocks outlook: TCS can potentially rally another 6 per cent from present levels; while Infosys, Wipro and LTIMindtree can rally up to 15%, suggest charts.
 "How to trade TCS post Q1 results? Key levels to track on Infy, HCLT, Wipro")
IT stocks gain post TCS decent Q1 results; Mphasis, Sonata rally up to 6%
IT stocks today: TCS, Mphasis, Accelya Solutions India, Sonata Software, and Kellton Tech Solutions rose in the range of 3 per cent to 6 per cent
 "IT stocks gain post TCS decent Q1 results; Mphasis, Sonata rally up to 6%")
TCS Q1 review: Analysts eye revival; cheap valuation to aid stock rally
TCS Q1 review: According to brokerages, the revenue led beat to estimates was broad based-with almost every vertical reporting sequential growth
 "TCS Q1 review: Analysts eye revival; cheap valuation to aid stock rally")
Azad Engg locked in 5% upper limit on order win from Siemens Energy Global
The rise in the share price came after the company announced that it has secured an order for 5 years from Siemens Energy Global GmbH & Co. KG, Germany
 "Azad Engg locked in 5% upper limit on order win from Siemens Energy Global")
Bondada Engg stock price hits 5% upper circuit on securing Rs 317 cr-order
The uptick in the stock price came after the company announced that it has secured an order worth Rs 316.83 crore on Thursday post-market hours
 "Bondada Engg stock price hits 5% upper circuit on securing Rs 317 cr-order")
Sensex, Nifty Outlook July 12: Gap-up open likely post TCS Q1; Asia down
All you need to know before the market opens on Friday: GIFT Nifty hints at likely 100-point opening gain; TCS Q1 beat analyst expectation, Infy ADR jumped 3% in the US; Japan's Nikkei down over 2%.
 "Sensex, Nifty Outlook July 12: Gap-up open likely post TCS Q1; Asia down")
Stocks to watch, July 12: TCS, M&M, Affle, Nazara Tech, ABFRL, Anand Rathi
Stocks to watch on July 12: TCS recorded net profit of Rs 12,040 crore, up 8.7 per cent year-on-year, dollar revenue up 2.7 per cent sequentially to $7.5 billion
Reliance Jio could list at $112bn valuation, 15% upside in RIL: Jefferies
Jefferies report on Reliance Jio listing: Assuming Jio is spun off from Reliance Industries' stable, the fair value for RIL stock would be Rs 3,580, Jefferies said
 "Reliance Jio could list at $112bn valuation, 15% upside in RIL: Jefferies")
Bull spread on Bank Nifty, recommends Nandish Shah of HDFC Securities
Short covering is seen in the Bank Nifty Futures at lower levels, where Open Interest fell by 1 per cent (Prov) with Bank Nifty future rising more than 500 points from the intraday lows
 "Bull spread on Bank Nifty, recommends Nandish Shah of HDFC Securities")
Sell Nifty Metal on the rise, support at 9,500; more details here
The Nifty Metal Index is currently in a phase of consolidation, trading within a narrow range of 300 points, specifically between 9,700 and 10,000
 "Sell Nifty Metal on the rise, support at 9,500; more details here")
Mapping the share: The big and small of equity market turnover
The data point assumes significance amid buzz that market regulator Securities and Exchange Board of India (Sebi) is debating a proposal on whether to increase the ticket-size for the options segment
 "Mapping the share: The big and small of equity market turnover")
Ambey Labs listing: Shares debut with 25% gains today at Rs 85 on NSE SME
Ambey Labs listing today: Post listing, Ambey Labs shares were locked in the 5 per cent upper circuit at Rs 89.25 per share
 "Ambey Labs listing: Shares debut with 25% gains today at Rs 85 on NSE SME")