Market highlights, July 26: Record close for benchmarks; Sensex soars 1,293 pts, Nifty near 24,850

Posted by Admin July 26, 2024 Bussiness

4:01 PM

‘The upturn was driven by positive reactions to strong US GDP data, which augurs well for global demand’

The domestic market experienced a substantial rebound on the start of the next month expiry, recovering from the recent losses incurred following the Union budget. This upturn was driven by positive reactions to the better-than-expected US GDP, which augurs well for global demand. Investors are adopting buy on dip strategy, refocusing on quarterly earnings and stock-specific trends. Notably, gains were observed across sectors, with Metals and IT leading, and midcaps outperforming.”

Views by: Vinod Nair, head of research, Geojit Financial Services.

3:24 PM

Paytm hits 10% upper circuit on reports of FDI nod for payment aggregator

Shares of Paytm were locked in 10 per cent upper circuit at Rs 508.85 per share on Friday, July 26, 2024. READ MORE

3:10 PM

This jewellery stock hit the 5th straight upper limit; up 95% from June low

PC Jeweller was locked in the upper circuit for the fifth straight day, up 5 per cent at Rs 85.83, also hitting a 19-month high on the BSE in Friday’s intra-day trade amid heavy volumes. READ MORE

3:02 PM

ALERT:: Equitas SFB Q1 net plunges 87%; stock slips 1%

Equitas Small Finance Bank (SFB) Q1 dipped 87 per cent YoY to Rs 26 crore in Q1FY24, due to floating provision of Rs 180 crore to strengthen the PCR of the Bank, the bank said in a filing to the BSE. Net income grew by 11 per cent YoY to Rs 994 crore.

2:34 PM

Piramal Pharma Q1FY25 results; Loss improves to Rs 89 cr; shares jump 3%

The stock movement comes after the company reported its first quarter earnings for the financial year 2024-25 (Q1FY25). READ MORE

pharmaceutical sector, pharma sector, medicines, meds

2:25 PM

ALERT:: Amber Enterprises Q1 net jumps 60%; stock up 2%

Amber Enterprises Q1 consolidated net profit surged 60.3 per cent YoY to Rs 74.72 crore in Q1FY24 when compared with Rs 46.61 crore in Q1FY24. Total income increased by 40.7 per cent YoY to Rs 2,421.97 crore from Rs 1,721.30 crore.

2:16 PM

ION Exchange, Mphasis: Mid, smallcap stocks surge in trade

Shares of mid-and small-cap companies outperformed the benchmark indices, BSE Sensex and NSE Nifty50, on Friday, July 26. The gains in these two market segments were led by information technology (IT) and auto stocks. The BSE Midcap index climbed 1.81 per cent during intra-day trade, driven by gains in SJVN, Ashok Leyland, and Mphasis. READ MORE

Stock market rally, bull trading, Sensex, nifty

2:06 PM

DLF plans to launch Rs 1.04 trn worth real estate projects in medium term

Giving the break-up, the company said a 12.8 million square feet area will be launched for sales this fiscal with a revenue potential of Rs 42,000 crore. READ MORE