The Nifty Energy Index also exhibits a bullish trend on the charts in the near term. However, maintaining a strict stop-loss is essential for all bullish positions.
Stock Market highlights on July 31, 2024: The day belonged to the bulls as 21 out of 30 stocks on the BSE Sensex saw gains of up to 4 per cent
The company's standalone revenue rose 11.2 per cent year-on-year (Y-o-Y) to Rs 27,132.8 crore in Q1FY25, as opposed to Rs 24,402.9 crore in Q1FY24.
The fall in the share price came after the company reported a weak set of numbers on the operations front.
The uptick in the stock price came after the pharmaceutical company announced that it has secured an approval from COFEPRIS of Mexico to market Mamitra to treat various cancers.
On the bourses, ITC stock has rallied 14.1 per cent over the past month. The stock hit an all-time high of Rs 510.60 on July 24, 2024. This was the first instance of ITC stock crossing Rs 500-mark.
In the past week alone, Tata Motors' stock has climbed 18 per cent following an upgrade from brokerage firm Nomura, which set a 'Buy' rating and a target price of Rs 1,294 per share.
What experts predict about Nifty on July 31? The Nifty needs to cross the hurlde at 25,000-mark for a fresh leg of rally to emerge; Key support seen around 24,750-24,800 levels, say technical analysts
The Nifty Pvt Banks Index is currently trading within a defined range of 25,900 to 25,400. A close above or below this range would act as a trigger for a directional move.
JB Chemical's price has surpassed the crucial triple top resistance placed in the range of Rs 1,920-1,930. Stock has broken out from broken out from the consolidation, which held for last four months.
The uptick in share price came after the company reported a mixed set of June quarter of financial year 2024 (Q1FY25) results.
The fall in the stock price came after investors jumped to book profit after stellar numbers in the second quarter and half year ended June 30, 2024 (H1CY24), which met street estimates.
The uptick in share price came after the company announced that it has secured an order worth Rs 1,237 crore.
Most of the brokerages expect M&M's profit to fall up to 15 per cent in Q1FY25.
NTPC, Power Grid contributed over 100 points to the BES Sensex so far; while, heavyweights HDFC Bank, Reliance and ICICI Bank were the chief laggards.
The Nifty has declined up to 7 per cent in the recent past instances after formation of the Bearish Counterattack Candlestick Pattern on the daily scale, shows technical chart.
Stock Market Highlights on Monday, July 29: Among the broader indices, Midcap outperformed the others, as the Nifty Midcap 100 index hit a fresh 52-week high of 58,455.10
A major driver behind this rally, analysts said, is DLF's strong June quarter performance.
The surge in the share price came after the company secured Rs 10,000 crore order for 1600MW Damodar Valley Corp project.
FIIs net sold stocks worth Rs 10,712 crore in the cash market, and index futures worth Rs 10,336 crore in the derivatives segment in the three trading sessions post Budget 2024.