Page 985 - Markets News
Nuvama bets on pipe, cautious on wood panel stocks ahead of Q1 FY25 results
Tile manufacturers are projected to achieve 5-6 per cent year-on-year (Y-o-Y) volume growth with stable margins, analysts said
 "Nuvama bets on pipe, cautious on wood panel stocks ahead of Q1 FY25 results")
Vedanta, Tata Steel, LT Fin, Brigade Ent among top buzzing stocks on July 4
Stocks to Watch today, July 4, 2024: L&T Finance's retail disbursements increased by 33 per cent Y-o-Y to Rs 14,830 crore in the June quarter (Q1-FY25)
 "Vedanta, Tata Steel, LT Fin, Brigade Ent among top buzzing stocks on July 4")
Stocks to Watch, July 4:HDFC Bank, Bajaj Fin, Bandhan Bank, ITD Cementation
Stocks to Watch today, Thursday, July 4: Mitsubishi UFJ Financial Group Inc.'s negotiations for a minority stake in HDFC Bank's consumer lending unit are stalling
 "Stocks to Watch, July 4:HDFC Bank, Bajaj Fin, Bandhan Bank, ITD Cementation")
Stock market outlook July 04: GIFT Nifty tops 24,450; FIIs up long bets
All you need to know before the Indian stock market opens for trade on Thursday: The FIIs long-short ratio in index futures rose to 5:1; meaning more than 5 long positions for every short trade.
 "Stock market outlook July 04: GIFT Nifty tops 24,450; FIIs up long bets")
Sell Nifty IT on the rise; resistance at 38,350, check other details here
The Nifty IT Index is currently trading at 37,314.35. In the near term, the index appears to be range-bound, with the defined range between 37,525 and 37,050
 "Sell Nifty IT on the rise; resistance at 38,350, check other details here")
VBL, MRPL among top picks of Anand Rathi for July 04; check key levels here
On an hourly scale, MRPL has been showing a consolidation pattern above the 21, 50, 100, and 200-period Exponential Moving Averages (EMA)
 "VBL, MRPL among top picks of Anand Rathi for July 04; check key levels here")
Stocks to buy and sell on July 4: Bhel, Lupin, Firstsource Solutions
Pharma index has rebounded from the key support zone and LUPIN is offering fresh buying opportunity with favorable risk to reward
 "Stocks to buy and sell on July 4: Bhel, Lupin, Firstsource Solutions")
Sebi has a strong case against US-based Hindenburg Research, say lawyers
On June 26th, the Sebi issued show-cause notices to Hindenburg Research LLC, US-based hedge fund manager Mark E Kingdon, and four others
 "Sebi has a strong case against US-based Hindenburg Research, say lawyers")
FMCG sector weightage in Nifty 50 falls to lowest level since 2010
The Nifty FMCG index has been almost flat since and is up just the 0.3 per cent since the start of the 2024 calendar year
 "FMCG sector weightage in Nifty 50 falls to lowest level since 2010")
Sensex can hit 87,000 levels by year-end; stick with large-caps: Analysts
Analysts believe there is more room for an upside going ahead, but investors need to be patient as it will not be a runaway rally for the markets from here on.
 "Sensex can hit 87,000 levels by year-end; stick with large-caps: Analysts")
HDFC Bank share price touches all-time high, closes at Rs 1,768.35
This is on hopes that lender's weight in MSCI Emerging Market index will double in August
 "HDFC Bank share price touches all-time high, closes at Rs 1,768.35")
Real estate stocks strategy: Do not cash out fully, say analysts
residential sales across the top seven cities (National Capital Region, Mumbai Metropolitan Region, Bengaluru, Pune, Hyderabad, Chennai and Kolkata) slipped 8 per cent quarter-on-quarter in Q1-FY25
 "Real estate stocks strategy: Do not cash out fully, say analysts")
Mcap of BSE-listed firms hit record high of Rs 445.43 trn amid record rally
The 30-share Sensex hit the historic 80,000-mark for the first time earlier in the day. It surged 632.85 points, or 0.79 per cent, to hit a record intra-day high of 80,074.30
 "Mcap of BSE-listed firms hit record high of Rs 445.43 trn amid record rally")
Castrol India shares zoom 18% on huge volumes, trade near record high
Castrol India stock update: In the past one year, the stock price of Castrol India has more-than-doubled, zooming 107 per cent, as compared to 23 per cent rally in the benchmark index
 "Castrol India shares zoom 18% on huge volumes, trade near record high")
Stock Market Highlights, July 3: Sensex rises 545 pts, ends near 80,000; HDFC, Axis Bank gain 2%
Stock Market Highlights on July 3: In the broader markets, the BSE MidCap and the BSE SmallCap index rose 0.86 per cent each.
 "Stock Market Highlights, July 3: Sensex rises 545 pts, ends near 80,000; HDFC, Axis Bank gain 2%")
Vraj Iron hits upper circuit after listing at 16% premium over issue price
Vraj Iron and Steel listed at Rs 240 apiece on both the BSE and NSE, marking a premium of 15.94 per cent over its IPO price of Rs 207 per share
 "Vraj Iron hits upper circuit after listing at 16% premium over issue price")
Pharma shares shine; Dr Reddy's, FDC, Glenmark, Suven trade at record highs
Shares of Wockhardt hit a multi-year high of Rs 943.20, zooming 65 per cent in past nine trading days.
 "Pharma shares shine; Dr Reddy's, FDC, Glenmark, Suven trade at record highs")
Emcure Pharma IPO subscription status: Issue subscribed 75% so far on Day 1
Emcure Pharma IPO subscription status Day 1: Till 2:00 PM, Emcure Pharma IPO was subscribed 75 per cent, led by employees and non-institutional investors
 "Emcure Pharma IPO subscription status: Issue subscribed 75% so far on Day 1")
Analysts pick stocks to buy as Sensex hits 80,000; HDFC Bank, ITC top bets
Stocks to buy right now: Despite the Sensex hitting the 80,000-mark, there are ample opportunities within the index
 "Analysts pick stocks to buy as Sensex hits 80,000; HDFC Bank, ITC top bets")
Federal Bank shares hit new peak after reporting robust growth in Q1FY25
Federal Bank reported robust growth in its financial metrics for the first quarter of fiscal year 2024-25 (FY25). The bank's advances surged by 20 per cent, reaching Rs 2.66 trillion
 "Federal Bank shares hit new peak after reporting robust growth in Q1FY25")