Page 51 - Indian Stock Markets
Nifty 50 & Midcap Select: Check support, resistance and other details here
The Nifty 50 Index is on a bullish trajectory with key resistance at 25,050 and 25,336.
 "Nifty 50 & Midcap Select: Check support, resistance and other details here")
3 reasons why the Sensex surged nearly 1,300 points on Friday, July 26
For context, the record highs for Sensex and Nifty50 are 81,587.76 and 24,854.80 levels, respectively.
 "3 reasons why the Sensex surged nearly 1,300 points on Friday, July 26")
Market highlights, July 26: Record close for benchmarks; Sensex soars 1,293 pts, Nifty near 24,850
Stock market highlights, July 26, 2024: In broader indices, the MidCap index outperformed benchmark indices rallying 2.12 per cent while SmallCap settled 1 per cent higher
 "Market highlights, July 26: Record close for benchmarks; Sensex soars 1,293 pts, Nifty near 24,850")
Paytm likely gets FDI nod for investment arm; share hits 10% upper circuit
The uptick in the share price came after reports indicated that the Government has approved Paytm's FDI proposal for payment aggregator business.
 "Paytm likely gets FDI nod for investment arm; share hits 10% upper circuit")
Ion Exchange, EMS, Antony Waste zoom up to 35% post Budget. Here's why
The Finance Minister in Budget speech said the government to promote water supply, sewage treatment and solid waste management projects and services for 100 large cities through bankable projects.
 "Ion Exchange, EMS, Antony Waste zoom up to 35% post Budget. Here's why")
Small-cap VST Industries announces 10:1 bonus issue; share price soars 7%
The uptick in stock price came after the company announced a bonus issue for the first time.
Is the tide turning for media stocks? Dish TV, PVR Inox can rally up to 26%
The Nifty Media index has shed 15 per cent so far in 2024 and is the sole index trading below the 200-DMA on the NSE. Chart suggests better days are likely ahead.
 "Is the tide turning for media stocks? Dish TV, PVR Inox can rally up to 26%")
Nestle India stock drops 3% after Q1 earnings miss street estimates
The fall in the share price came after the company announced its June quarter (Q1FY25) results, which missed street expectations.
 "Nestle India stock drops 3% after Q1 earnings miss street estimates")
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")
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")
Schaeffler India zooms 7% on robust June quarter show; topline grows 15%
The uptick in stock price came after the company posted a strong set of second quarter of calendar year 2024 (Q2CY24) results.
 "Schaeffler India zooms 7% on robust June quarter show; topline grows 15%")
Nestle Q1 Preview: Analysts eye strong revenue growth, margin expansion
Nestle India experienced robust revenue growth during the quarter. The company, analysts believe, gained from enhanced distribution. Thus, it is expected to see margin expansion of over 100 bps.
 "Nestle Q1 Preview: Analysts eye strong revenue growth, margin expansion")
Stocks to Watch, July 24: HUL, Bajaj Fin, L&T, Dr Reddy's, Vedanta, Axis Bk
Stocks to Watch today, Wednesday, July 24, 2024: HUL reported a 2.2 per cent Y-o-Y rise in consolidated net profit at Rs 2,610 crore for Q1FY25, in line with market expectations
 "Stocks to Watch, July 24: HUL, Bajaj Fin, L&T, Dr Reddy's, Vedanta, Axis Bk")
Cyient DLM stock price falls 4% on profit booking after strong Q1FY25 show
The fall came after investors flocked to book profits after strong Q1FY25 results.
Oil India stock gains 3% on signing pact with Norway's Dolphin Drilling
The surge in the stock price came after the company announced that it has inked a deal with Dolphin Drilling for hiring of Blackford Dolphin.
 "Oil India stock gains 3% on signing pact with Norway's Dolphin Drilling")
MRPL share price tanks 7% on weak Q1FY25 performance; profit falls 93%
The fall in the stock price came after the company announced a weak set of June quarter of financial year 2025 (Q1FY25) results.
 "MRPL share price tanks 7% on weak Q1FY25 performance; profit falls 93%")
Viksit Bharat Budget 2024: RailTel stock rallies 5% on Rs 187 cr-order win
The uptick in the stock price came after the company announced that it has secured an order from the Ministry of Railways (Railway Board).
 "Viksit Bharat Budget 2024: RailTel stock rallies 5% on Rs 187 cr-order win")
HG Infra up on receiving letter from East Central Railway for Bihar project
The uptick in the stock price came after the company announced that it has secured a letter from East Central Railway regarding the appointed date for the project in Bihar.
 "HG Infra up on receiving letter from East Central Railway for Bihar project")
Nomura picks BPCL as top OMC stock on attractive valuation; sees 21% upside
Analysts said BPCL reported a robust performance in the June quarter (Q1FY25) despite a challenging environment.
 "Nomura picks BPCL as top OMC stock on attractive valuation; sees 21% upside")