M-cap of 7 of top-10 valued firms falls by Rs 77,434.98 cr, ITC takes hit

The combined market valuation of seven of the top-10 most valued firms fell by Rs 77,434.98 crore last week, with ITC and HDFC Bank taking the biggest hit, in-line with a muted trend in equities. Last week, the BSE benchmark fell by 524.06 points or 0.78 per cent. While Reliance Industries, HDFC Bank, Tata Consultancy Services (TCS), ICICI Bank, Hindustan Unilever, ITC and Bajaj Finance Limited were the main laggards in the top-10 pack, Infosys, State Bank of India and Bharti Airtel made gains in their market capitalisation (mcap). The valuation of ITC fell by Rs 26,192.05 crore to Rs 5,83,732.19 crore. HDFC Bank's mcap declined by Rs 22,747.89 crore to Rs 12,40,322.63 crore and that of Bajaj Finance plunged Rs 12,127.47 crore to Rs 4,47,298.52 crore. The market valuation of Reliance Industries tumbled Rs 5,818.43 crore to Rs 17,10,076.74 crore and that of TCS went lower by Rs 5,214.15 crore to Rs 12,27,739.80 crore. Hindustan Unilever's valuation eroded by Rs 4,417.23 crore to R

from Markets https://ift.tt/GnruUq9

FPIs' buying spree continues; invest Rs 45,365 cr in equities in July

Foreign portfolio investors (FPIs) continue with their buying spree in July with a net infusion of Rs 45,365 crore in Indian equity markets on stable macroeconomic fundamentals and steady earnings growth. However, it appears that the momentum of buying has slowed down and FPIs have turned sellers during the two trading days ahead of the US Federal Reserve meeting on Wednesday. "The US Fed signaled the possibility of more hikes going ahead and ruled out the likelihood of rate cuts any time soon. "The potential impact of rate hikes on global liquidity would have led foreign investors to re-evaluate their investment decisions," Himanshu Srivastava, Associate Director - Manager Research, Morningstar India, said. According to the data, FPIs have been continuously buying Indian equities since March and infused Rs 45,365 crore this month. Only one trading day is left in July. This figure includes investment through bulk deals and primary markets, apart from investment through stock ...

from Markets https://ift.tt/goZcS4R

No proposal to curb retail participation in derivatives trading: Sebi

Citing what it said were speculative media reports, SEBI said in a statement, "It is clarified that there is no proposal to curb retail participation in derivative markets"

from Markets https://ift.tt/KmgTeGI

Gold price dips Rs 380 to Rs 60,110; silver falls Rs 2,000 to 76,400

The price of 22-carat gold dipped Rs 350 and the yellow metal is selling at Rs 55,100

from Markets https://ift.tt/8AOEJ9s

Benchmark indices Sensex, Nifty decline after four weeks of gains

Nifty logs weekly decline of 0.5%, Sensex 0.8%

from Markets https://ift.tt/lPaUCKy

Ajanta Pharma rallies 9%; hits record high on strong Q1 results

In past one week, the stock has surged 19 per cent and rallied nearly 40 per cent so far this calendar year.

from Markets https://ift.tt/DE7QASG

Gold prices unchanged, silver jumps by Rs 1,000, trades at Rs 78,400 per kg

The price of 22-carat gold was also unchanged and the yellow metal was selling at Rs 55,450

from Markets https://ift.tt/KG56Auo

Stocks to Watch: Bharti Airtel, Adani Ent, Cipla, RailTel, Indian Hotels

Stocks to Watch on July 28, 2023: Despite a 10 per cent increase in revenue, telecom provider Airtel Africa announced a net loss of $151 million in the first quarter (April-June) of FY24 on Thursday

from Markets https://ift.tt/HT8WcpQ

Nifty Metal, Energy: Here's how to plan your trade

According to Ravi Nathani, an independent technical analyst, the Nifty Energy index is signalling potential correction, while the Metal index remains bullish.

from Markets https://ift.tt/EfQJXSs

Crypto exchange CoinSwitch lists holdings after its second POR report

This signifies that the company maintains a holdings ratio of 1:1 or more, meaning that it holds all user assets and fiat balances

from Markets https://ift.tt/NcPmTnO

Netweb Technologies India shares surge over 80% on stock market debut

The Delhi-based firm is now valued at Rs 5,113 crore, nearly 110x its FY23 net profit of Rs 47 crore

from Markets https://ift.tt/2PEulOf

Cipla surges 9% on strong Q1 results, raises FY24 margin guidance

For FY24, Cipla raised its EBITDA margin guidance to 23 per cent from 22 per cent earlier.

from Markets https://ift.tt/OrCsKfL

Mahindra & Mahindra slips 6% on acquiring 3.5% stake in RBL Bank

The company said it may consider further investment, subject to pricing, regulatory approvals, and required procedures, however, in no circumstance will it exceed 9.9 per cent.

from Markets https://ift.tt/5oAXF1k

Stock Market LIVE: Gift Nifty hits 20,000-mark post Fed's in-line rate hike

Stock market live updates: At 8:15 am, the Gift Nifty quoted 20,003 levels, up 114-odd points

from Markets https://ift.tt/Jt6pBeo

Gift Nifty logs highest-ever turnover of $12.4 billion on July 25

Gift Nifty, which was being traded at the Singapore Exchange (SGX), has been transitioned to GIFT City in Gujarat

from Markets https://ift.tt/j51D9yx

Can Fin Homes sinks 8% after firm reports Rs 38 cr fraud at Ambala Branch

The company has undertaken legal action and expects one time impact on earnings, while, there will be no impact on assets quality.

from Markets https://ift.tt/unMYcaI

L&T surges 4%; hits new high on strong Q1 results, Rs 10,000 crore buyback

The company would entail 33.3 million equity shares for a price of up to Rs 3,000 each, via tender offer route, subject to approvals.

from Markets https://ift.tt/RFmqyH9

Tata Motors DVR hits record high, zooms 18% on delisting plan

The board of the automotive major approved a scheme whereby 7 ordinary shares of the company will be issued for every 10 A-shares held, and all its outstanding A-shares will stand cancelled.

from Markets https://ift.tt/MJkiSzW

Buy Bank of India, Bank of Maharashtra: Vinay Rajani of HDFC Securities

On the broader market outlook, Vinay Rajani the technical & derivative analyst says that the Nifty could swing in the 19,783 - 19,567 range in the near term.

from Markets https://ift.tt/CgWqvbN

Nifty FMCG looks weak; Metal index likely to face resistance above 6,600

According to Ravi Nathani, an independent technical analyst, the Nifty FMCG index has near support at 51,750, below which the index can slide to 50,990.

from Markets https://ift.tt/dEMOTaP

Scamsters led by Chinese handlers dupe 15000 Indians of Rs 700 crore

The cash was converted into cryptocurrency after being passed through various Indian bank accounts and, subsequently, routed to China through Dubai

from Markets https://ift.tt/yteXPEb

ITC loses over Rs 50,000 cr m-cap in 2 days on hotel biz de-merger plan

The m-cap of ITC eroded by Rs 54,350 crore to Rs 5.68 trillion in Tuesday's intra-day deal

from Markets https://ift.tt/IOu3kVY

L&T Q1 preview: Buyback, special dividend and other things to know

So far in this calendar year (CY23), shares of L&T surged 24 per cent, as against 9.1 per cent gain in the S&P BSE Sensex

from Markets https://ift.tt/3bMDS0w

Stocks to Watch: Tata Steel, RIL, Maruti, TVS Motor, HDFC AMC, JK Paper

Stocks to Watch on July 25, 2023: Asian Paints, Bajaj Auto, Cyient, CEAT, Delta Corp, Jubilant FoodWorks, KPIT Tech, Larsen & Toubro, SBI Life and Tata Motors will release their Q1 results today

from Markets https://ift.tt/A6RgNp4

ChatGPT's Sam Altman launches eyeball scanning crypto project Worldcoin

Worldcoin deploys a small device, christened the Orb to scan people's eyeballs to create a unique digital identity

from Markets https://ift.tt/SV2blGC

Stan Lee NFT collection sells out almost instantly, rises 500%: Report

The collectibles sold for $15 each, Kartoon Studios' partner Veve said on its website, meaning the drop of 8,294 netted about $120,000 in revenue

from Markets https://ift.tt/zrsLJ2R

Jay Bharat Maruti freezes at 5% upper circuit on stock split plan

In past three months, the stock price of the company has more-than-doubled or zoomed 123 per cent, as compared to 11 per cent rise in the S&P BSE Sensex.

from Markets https://ift.tt/9lL5CBG

RIL dips 3% in intraday trade on weaker-than-expected Q1FY24 results

The company reported a 10.8% year-on-year dip in its consolidated net profit to Rs 16,011 crore owing to weak profitability seen in the O2C business

from Markets https://ift.tt/svdMSbc

Stocks to Watch: RIL, ICICI Bank, Paytm, IGL, Biocon, YES Bank, Cyient DLM

Stocks to Watch on July 24, 2023: Tata Steel, HDFC AMC, Canara Bank, IDBI Bank, TVS Motor will announce their Q1 results today

from Markets https://ift.tt/i0RKaAH

Nifty, Bank Nifty likely to consolidate in the near-term

According to Ravi Nathani, an independent technical analyst, all the Nifty may seek support in the range of 19,550 - 19,300 levels.

from Markets https://ift.tt/pjyPvUI

Threads see dip in engagement: Here's what brands, creators think of future

When Meta launched Threads, it was billed as a 'Twitter-killer' as 100 million signed up within days of launch. But just like other rivals to Twitter, Threads seems to be losing traction. New data apps tracking firm Sensor Tower indicates the hype has died down and Threads has seen a 20 per cent decrease in active users and a 50 per cent reduction in time spent on the app, from 20 minutes to 10 minutes. Twitter had seen about a 5 per cent decrease in traffic right after Threads' launch earlier this month. Threads isn't the only Twitter alternative to gain and lose traction. Mastodon saw millions of signups immediately after Elon Musk bought Twitter in a USD 44-billion deal. But since late last year, Mastodon has failed to keep users' interest. Bluesky, backed by Twitter's co-founder Jack Dorsey, has also piqued some interest but hasn't really caught up. Twitter has built its reputation around live breaking news, making it the go-to platform for millions during events -- political

from Markets https://ift.tt/wa4ZKoI

M-cap of 5 of top-10 valued firms at Rs 4.23 trn with major share from HDFC

Five of the top-10 most valued firms together added Rs 4,23,014.4 crore in market valuation last week, with major contributions coming in from HDFC Bank, which recently completed the merger with its mortgage financier parent HDFC. HDFC Bank on Thursday became the second most valuable company by market capitalisation, overtaking IT behemoth Tata Consultancy Services. Last week, the 30-share BSE Sensex jumped 623.36 points or 0.94 per cent. While HDFC Bank, ICICI Bank, ITC, State Bank of India and Bajaj Finance were the gainers, Reliance, Tata Consultancy Services (TCS), Hindustan Unilever, Infosys and Bharti Airtel suffered erosion from their market valuation last week. HDFC Bank's market valuation jumped Rs 3,43,107.78 crore to reach Rs 12,63,070.52 crore. The market capitalisation (mcap) of State Bank of India zoomed Rs 27,220.07 crore to Rs 5,48,819.01 crore, and that of ICICI Bank jumped Rs 24,575.78 crore to Rs 6,97,413.50 crore. ITC added Rs 21,972.81 crore, taking its valua

from Markets https://ift.tt/QkOti2A