The NSE Nifty 50 closed 156 points or 0.70% higher at 22,558.50, while the BSE Sensex closed 487 points or 0.66% at 74,339.44.
Stocks To Watch- LTIM, Asian Paints, IREDA, Glenmark Pharma, L&T Finance
GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a gap down opening on Thursday. Here’s a look at the key stocks to watch in trade.
Stocks in Focus: GIFT Nifty traded lower as the index was down 38 points or 0.15% at 24,667.50 indicating a lower start for domestic indices NSE Nifty 50 and BSE Sensex on Thursday. Previously, on Tuesday, the NSE Nifty 50 rose 26 points or 0.11% to settle at 24,613, while the BSE Sensex advanced 51.69 points or 0.06% to close at 80,716.55.
Stocks to watch on July 18, 2024
LTIMindtree
LTIMindtree reported a sequential increase in its revenue and net profit for the quarter that ended June, driven by deal ramp-ups and a rise in digital spending by clients. However, while the topline exceeded estimates, the bottom line slightly missed Street expectations. The consolidated revenue rose nearly 3% quarter-on-quarter to Rs 9,142.6 cr…
Share Market Highlights- Nifty settles below 19650, Sensex below 65630; Bank Nifty sheds over 130 points
Share Market News Today | Sensex, Nifty, Share Prices Highlights: The benchmark equity indices settled in the negative territory on Thursday. The NSE Nifty 50 fell 46.40 points or 0.24% to settle at 19,624.70, while the BSE Sensex shed as much as 247.78 points to 65,629.24. The broader indices ended largely in red except for the Smallcap stocks. The Bank Nifty index shed 134 points, or 0.31% to settle at 43,754.50. Among the other sectoral indices, Metal, Financial Services, Pharma, Realty and Private Bank stocks ended in the red, while Auto, FMCG, Media and Consumer Durables added gains.Wipro, Tech Mahindra, Sun Pharma, NTPC and UPL were the top laggards on the NSE Nifty 50, while the top gainers included Bajaj Auto, LTIMindtree, Hero MotoCorp, Nestle India and UltraTech Cement. The volatility index (India VIX) settled down 1%.
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Stock Market Highlight- Markets close higher! Nifty above 22,550, Sensex gains over 480 points led by PSU banks and pharma stocks
Share Market News Today | Sensex, Nifty, Share Prices Highlight: The benchmark equity indices closed Thursday’s trading session in positive territory. The NSE Nifty 50 closed 156 points or 0.70% higher at 22,558.50, while the BSE Sensex advanced 486.50 points or 0.66% to close at 74,339.44. The broader indices closed on a green note. Bank Nifty index closed lower by 310.20 points or 0.64% to settle at 48,499.20.
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15:34 (IST) 25 Apr 2024
Markets at close
15:04 (IST) 25 Apr 2024 …
Jefferies upgrades Lupin to hold from an underperform; raises target price to Rs 1460
Jefferies has revised its stance on Lupin, upgrading it from Underperform to a Hold rating, while concurrently increasing the target price from Rs 1,190 to Rs 1,460 per share.
The recommendation comes on the heels of a projected 4-7% increase in FY25/26 revenue, attributed to heightened revenue from India and gSpiriva, the latter enjoying a greater market share in the absence of competition. Jefferies identifies these segments as high-margin contributors, foreseeing an 8-14% rise in earnings per share (EPS).
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Entero Healthcare Solutions IPO open for retail investors; Should you subscribe find out?
Aligned with the ongoing re-rating of the pharmaceutical sector’s valuations, Jefferies has adjusted the target price-earnings (PE) multiple to 22x, up from 20x. This adjustment yields a revised target price of Rs 1,460, reflecting the positive outlook …
What’s the brokerage view on Bandhan Bank as MD & CEO Ghosh resigns- All details here
The broking firm Motilal Oswal has maintained a ‘Neutral’ rating on the stock of Bandhan Bank. It also kept the target price unchanged at Rs 190 a piece. The brokerage house iterated its rating and price target after the bank’s managing director and chief executive officer, Shekhar Ghosh, announced retirement upon completion of his tenure on July 09.
The bank is now searching successor for Shekhar Ghosh before the completion of his tenure. The resignation of Ghosh came as a surprise for markets as the board of the bank had approved his name, recently, for another term. The bank will now have to submit a shortlist of names to the RBI for approval before his tenure is completed, “this may entail the evaluation of external candidates as well,” said the brokerage firm.
The top-level exit will drag the growth of the bank in FY25. It has already witnessed a lot of changes in the upper management. The bank recently hired various people for lead…
Suzlon Energy receives warning from NSE; shares up for 7th straight day
Suzlon Energy has received a warning letter from the National Stock Exchange for not disclosing an analyst or institutional investor meeting details on exchanges two days before having it.
According to an exchange filing, the company conducted an analyst meeting on November 06, 2023, the disclosure for which was made on the same day. However, the provision is that the company needs to disclose the same two days ahead of having such kinds of meetings or events. “As per Regulation 30 read with sub-para 15(a) of Para A Part A of Schedule III of SEBI LODR, the listed entity shall inform schedule of analysts or institutional investors meet at least two working days in advance (excluding the date of intimation and date of meet),” read the filing.
“The aforesaid non-compliance on your part is viewed seriously. You are hereby warned and advised to be careful in future, exercise due caution and initiate corrective steps to avoid the recurrence of such laps…
Tata Steel Q2 loss at 6196 crore; should you buy, sell or hold stock-
Tata Steel’s stock price advanced by 0.94% to Rs 117.70 a day after the company posted a surprising net loss of Rs 6,196 crore on a consolidated basis for the second quarter of FY24, also missing street estimates, impacted by weak performance of its European operations. In comparison, the steel major had posted a net profit of Rs 1,514.42 crore in the comparable year-ago period. During the quarter review, the Tata Group firm’s consolidated revenue fell 7% to Rs 55,682 crore from Rs 59,878 crore recorded in the year-ago quarter.
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Sun Pharma’s shares advance on Q2 results; Should you buy, hold or sell the stock?
Tata Steel’s stock has delivered a mixed performance in the last one year. The stock price dropped 3% in the last five days and 8.59% in the last one month. The stock, however, has offered returns of 6% in the last six months and over 1…
Will Nifty fall on Monday as Hindenburg levels allegations on SEBI Chair- See GIFT Nifty, FII data, F&O, crude, and more before market opens
GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 might see a muted opening on Monday. Here is all you need to know before the market opens.
GIFT Nifty was up 22.50 points, or 0.09%, at 24,406 indicating a positive start for the domestic indices NSE Nifty 50 and BSE Sensex on Monday. Previously, on Friday, the NSE Nifty 50 closed 251 points or 1.04% higher to settle at 24,368, while the BSE Sensex rose 820 points or 1.04% to finish at 79,706.
Key things to know before share market opens on August 12, 2024
Hindenburg Research Row
The US-based short-seller Hindenburg Research in a new report alleged that SEBI chairperson Madhabi Puri Buch and her spouse held hidden stakes in the same obscure offshore funds in Bermuda and Mauritius, which were used by Vinod Adani. The couple dismissed the allegations as baseless, asserting their finances are transparent.