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Stock Market Highlights, July 30: Benchmarks end flat; Smallcap stocks shine

Stock Market Highlights on Tuesday, July 30, 2024: Among the broader indices, small-cap stocks outperformed the others with the BSE Smallcap index settling at 55,411, up 0.88 per cent

SI Reporter New Delhi
Stock Market Highlights, July 30: Benchmarks end flat; Smallcap stocks shine

1 min read Last Updated : Jul 30 2024 | 3:57 PM IST

Key Events

3:57 PM

Comment :: What all happened in the markets today?

The domestic market ended flat, due to by profit-booking at higher levels. However, the expectation of dovish comments from the US Fed and BoE in the upcoming policy meetings this week is supporting the optimism. The investors will also closely monitor comments from BoE and BoJ. The BOE is expected to lower rates due to rising unemployment and easing inflation, while the BOJ is likely to increase rates in response to surging inflation, potentially causing market volatility.

Views by: Vinod Nair, Head of Research, Geojit Financial Services.

3:39 PM

Currency Check :: Rupee ends 1 paisa higher vs US dollar at 83.727

3:37 PM

Broader markets :: SmallCap index adds 0.88%, MidCap around 0.3%

3:35 PM

Sensex Heatmap :: Tata Motors, HDFC Bank, NTPC help index log gains on Tuesday

3:34 PM

Closing Bell :: Nifty swings over 170 pts intraday, ends marginally higher

3:32 PM

Closing Bell :: Sensex ends choppy session around 100 pts higher

3:29 PM

Sebi returns IPO documents of Vishal Mega Mart, Avanse Fin, and 2 others

Vishal Mega Mart, on July 12, took the confidential filing route to submit its draft papers with the markets regulator. Avanse Financial Services filed its draft papers in June to raise Rs 3,500 crore through IPO. The proposed initial share sale comprised a fresh issue of equity shares of up to Rs 1,000 crore and an offer for sale (OFS) of up to Rs 2,500 crore by the selling shareholders, according to the draft red herring prospectus (DRHP). READ MORE

3:20 PM

June quarter results :: Indian Oil posts net profit of Rs 2,643 crore

>> PAT was Rs 4,838 cr QoQ

>> Revenue at Rs 1.93 trillion, flat QoQ

>> Ebitda at Rs 8,636 crore vs Rs 10,435 cr QoQ

>> Ebitda margin at 4.5% vs 5.3% QoQ

3:14 PM

Ola Electric set for IPO with Rs 12-13 GMP, price band at Rs 72-76 a share

During a press meet on Monday, Ola’s founder and CEO Bhavish Aggarwal said, “I wanted to make sure we price it attractively for the entire investor community in India and in the private rounds, whatever the valuations are, it was very important for us and for me personally, to make sure that we get the whole Indian investor community along on this journey.” READ MORE

3:03 PM

Jindal Drilling stock price zooms 18% after mixed June quarter performance

The company’s profit jumped 263.4 per cent to Rs 43.9 crore in the June quarter of financial year 2025 (Q1FY25) as opposed to Rs 12.1 crore in the same quarter last year (Q1FY24). READ MORE

2:55 PM

Gold demand in India drops 5% in June 2024 quarter: World Gold Council

Gold prices, meanwhile, surged 18 per cent year-on-year (YoY) in the June 2024 quarter to $2,338.2 an ounce (oz), and were up nearly 13 per cent when compared with the December 2023. READ MORE

 

2:45 PM

ALERT:: Force Motors Q1 net jumps 66%; stock rallies 8%

Force Motors in an exchange filing today posted 66.2 per cent YoY growth in Q1FY25 net profit at RS 119.59 crore when compared with Rs 71.97 crore in Q1FY24. Total income increased by 26.7 per cent to Rs 1,899.75 crore from Rs 1,498.91 crore.


2:36 PM

Q1 preview: What to expect from Bank of Baroda results on July 31?

The bank, according to analysts, may report a weak set of earnings for Q1FY25 with net profit rising anywhere between 1 per cent and 13 per cent on a year-on-year basis. This would translate into up to 16 per cent quarter-on-quarter (Q-o-Q) decline in profit after tax (PAT). READ MORE

2:27 PM

ALERT:: Skipper Q1 net soars 125%; stock zooms 8%

Skipper in an exchange filing today reported 125.3 per cent YoY surge in Q1FY25 net profit to RS 31.59 crore when compared with Rs 14.02 crore in Q1FY24. Total income also jumped 97 per cent to Rs 1,095.10 crore from Rs 556.04 crore.


2:18 PM

This Ashish Kacholia stock has zoomed 55% in July; up 125% from June low

Shares of Balu Forge Industries hit a new high of Rs 501, surging 7% on the BSE in Tuesday's intra-day trade and rallied 23% in four days. Company to announce Q1 results today. READ MORE

 

Stock Markets Highlights today, Tuesday, July 30: Benchmarks equity indices, the BSE Sensex, and the NSE Nifty50 ended on a flat note on Tuesday. The Sensex settled at 81,455, up 0.12 per cent or 99.56 points, while the Nifty50, on the other hand, ended at 24,857 up 0.09 per cent or 21.20 points. 

Out of the 50 listed stocks on the Nifty50, 28 settled lower with LTIMindtree, SBI Life Insurance Company, Cipla, Sun Pharma, and Grasim Industries being the top laggards. On the contrary, 22 stocks settled higher with gains led by Tata Motors, NTPC, BPCL, Power Grid Corporation, and Titan Company. 

Among the broader indices, small-cap stocks outperformed the others with the BSE Smallcap index settling at 55,411, up 0.88 per cent.

Among the sectoral indices, Nifty Auto, Consumer Durables, Oil & Gas, Realty, and Media settled higher with gains of up to 1.18 per cent. On the contrary, FMCG, Pharma, IT, Financial Services, and Healthcare indices ended in the red.

Topics :MARKET LIVEMARKET WRAPIndian stock exchangesBSE NSENSE Nifty50 benchmark indexIndian stock marketsBSE SensexNifty50Earnings growthQ1 resultsIPOs valuationsIPOsGift NiftyS&P Dow Jones

First Published: Jul 30 2024 | 7:03 AM IST

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