Page 964 - Markets News
Nifty Bank, Fin Svcs eye breakout: Should you wait or buy near support?
The Nifty Bank Index is currently range-bound on the charts, oscillating between 52,800 and 51,750. A decisive close above or below this range will likely trigger a significant move
 "Nifty Bank, Fin Svcs eye breakout: Should you wait or buy near support?")
Jatin Gedia of Sharekhan recommends buying these two stocks today
GAIL has broken out of a resistance zone of Rs 233 - Rs 235. The breakout has been accompanied with above average volume.
 "Jatin Gedia of Sharekhan recommends buying these two stocks today")
Sebi fines Monetary Solutions with Rs 25 lakh for violating market norms
After the inspection, the regulator issued show-cause notices to Monetary Solutions for the violations of norms
 "Sebi fines Monetary Solutions with Rs 25 lakh for violating market norms")
ONGC stock hits new high after a gap of over 10 years; up 39% from June low
In the past one year, ONGC share price has outperformed the market by surging nearly 90 per cent as against 21 per cent rally in the benchmark index
 "ONGC stock hits new high after a gap of over 10 years; up 39% from June low")
Higher orders and margin boost needed to sustain ABB's valuations
ABB could be a key player given the improved market for short-cycle orders from the private sector and T&D, railways, data centres, and PLIs
 "Higher orders and margin boost needed to sustain ABB's valuations")
RVNL, Voda Idea, Prestige Estates, Oil India may be added to MSCI index
The global index provider will announce the changes on August 13, and funds will have to adjust their positions by August 30
 "RVNL, Voda Idea, Prestige Estates, Oil India may be added to MSCI index")
Outflow rise from SIP accounts in H1CY24 slows growth in net inflows
Recoveries from SIP accounts in June stood at over Rs 10,000 crore for seventh straight month
 "Outflow rise from SIP accounts in H1CY24 slows growth in net inflows")
New list for F&O space likely to have 35 new additions: Analysis
No change seen in Nifty, Sensex components
 "New list for F&O space likely to have 35 new additions: Analysis")
Bajaj Auto Q1 Preview: Two-wheeler maker may see revenue growth of 14-15%
Analysts anticipate robust double-digit revenue growth driven by ongoing volume recovery, particularly in rural areas.
 "Bajaj Auto Q1 Preview: Two-wheeler maker may see revenue growth of 14-15%")
Stock Market Highlights, July 15: Mid-caps outshine Sensex, Nifty in range-bound session; PSBs zoom
Stock Market Highlights, July 15, 2024: Among sectors, the Nifty PSU Bank surged 3 per cent, while the Nifty Auto, Media, Pharma, and Realty indices edged over 1 per cent higher each
 "Stock Market Highlights, July 15: Mid-caps outshine Sensex, Nifty in range-bound session; PSBs zoom")
Brokerages raise target price for HCLTech after solid Q1 performance
Shares of HCL Tech zoomed 4.83 per cent at Rs 1635.85 per share on the BSE in Monday's early morning trade. This came after the IT services major reported a 20.4 per cent year on year increase profits
 "Brokerages raise target price for HCLTech after solid Q1 performance")
Oriental Carbon stock up over 50% in July; what's leading the bull charge?
A combined 1.58 million shares changed hands in trade on Monday, July 15, and there were pending buy orders for 180,000 shares on the NSE and BSE, data showed
 "Oriental Carbon stock up over 50% in July; what's leading the bull charge?")
Bank of Maharashtra's net profit surge over 46% in Q1FY25; stock jumps 7%
The share price gained after the public sector bank on Monday reported a 46.6 per cent year-on-year rise in profit after tax (PAT)
 "Bank of Maharashtra's net profit surge over 46% in Q1FY25; stock jumps 7%")
Ganesh Housing Corp profits slump 30% in June quarter; stock tanks 8%
Shares of Ganesh Housing Corporation tanked up to 8 per cent at Rs 925 per share on the BSE in Monday's intraday trade
 "Ganesh Housing Corp profits slump 30% in June quarter; stock tanks 8%")
IGL, MGL, Guj Gas likely to outperform OMCs; Charts show up to 17% upside
Oil & Gas stocks outlook: Indraprastha Gas and Mahanagar Gas are awaiting a breakout from a narrow trading band, show technical charts.
 "IGL, MGL, Guj Gas likely to outperform OMCs; Charts show up to 17% upside")
This KK Modi Group stock has zoomed 121% thus far in calendar year 2024
Shares of Godfrey Philips India, a flagship company of KK Modi Group, hit a record high of Rs 4,785.5 as they surged 17.8 per cent on the BSE on Monday
 "This KK Modi Group stock has zoomed 121% thus far in calendar year 2024")
5Paisa Capital stock price rallies 12% on solid June quarter performance
The surge in the share price came after the company announced a strong set of June quarter earnings (Q1FY25)
 "5Paisa Capital stock price rallies 12% on solid June quarter performance")
Geojit Fin Svcs zooms 11% after strong Q1 results; profit surges 107% YoY
Geojit Financial Services share price zoomed after the company on Saturday reported a 105 per cent year on year increase in net profits to Rs 45.81
RVNL hits 52-week high on new order win from Central Railways; details here
Shares of Rail Vikas Nigam Limited (RVNL) rose as much as 3.26 per cent to hit a fresh 52-week high of Rs 647 per share on Monday
 "RVNL hits 52-week high on new order win from Central Railways; details here")
Zomato market-cap touches Rs 2 trillion; stock zooms 88% thus far in 2024
Zomato stock outlook: In the past one week, Zomato stock price has outperformed the market by surging 12 per cent as against 1 per cent rise in the benchmark index
 "Zomato market-cap touches Rs 2 trillion; stock zooms 88% thus far in 2024")