Goldman Sachs Asset Management, the bank's investment arm, has been marketing the new fund to sovereign wealth funds, pension funds and private investors, setting its sights on a first close by the fourth quarter, the sources said. READ MORE

3:17 PM

Oriental Carbon stock up over 50% in July; what's leading the bull charge?

In April 2024, Oriental Carbon received approval from the Honorable NCLT for the demerger scheme. This milestone unlocks significant value within both the demerged and resulting Companies, aligning with their unique risk-return profiles and cash flows. Additionally, this move enables a sharper focus on individual growth strategies and expansion opportunities, ensuring optimized performance and value creation for stakeholders, the company said READ MORE

3:04 PM

Bajaj Auto Q1 Preview: Two-wheeler maker may see revenue growth of 14-15%

Analysts anticipate robust double-digit revenue growth driven by ongoing volume recovery, particularly in rural areas. The growth, analysts believe, is expected to be accompanied by considerable margin improvement year-on-year (Y-o-Y). READ MORE

2:56 PM

Adani-Hindenburg row: SC quashes plea seeking review of Jan 3 verdict

The Supreme Court has dismissed a plea seeking review of its January 3 verdict by which it refused to transfer the probe into allegations of stock price manipulation by the Adani Group to a special investigation team or the CBI. READ MORE

2:47 PM

Ganesh Housing Corp profits slump 30% in June quarter; stock tanks 8%

Shares of Ganesh Housing Corporation tanked up to 8 per cent at Rs 925 per share on the BSE in Monday’s intraday trade. The share price slipped after the company on Monday reported a 29.81 per cent year-on-year (Y-o-Y) decline in profit after tax (PAT) at Rs 113 crore in April-June quarter of the financial year of 2024-25 (Q1FY25). READ MORE

2:36 PM

ALERT:: HDFC Life Q1 net rises 15%; stock up 1%

HDFC Life today posted 15 per cent growth in Q1FY25 net profit at Rs 478 crore as against Rs 415 crore in Q1FY24. Total premium grew by 10 per cent YoY to Rs 12,811 crore.

2:25 PM

SBI hikes MCLR by up to 10 bps, customer loans likely to become costlier

State Bank of India, the country’s largest state-run lender, has hiked its marginal cost of funds based lending rate (MCLR) across buckets by 5 to 10 basis points with effect from Monday. READ MORE

2:14 PM

Tyre stocks in focus; JK, TVS Srichakra, Ceat, Apollo rally up to 13%

According to media reports, domestic tyre companies have undertaken a price hike in response to a rise in key raw material prices (primarily natural rubber). READ MORE

2:02 PM

China's Q2 growth misses expectation, prompts urgent economic policy review

China's economic growth in the second quarter fell short of expectations at 4.7%, with weak consumption and property data prompting policymakers to convene a key economic meeting. READ MORE

1:51 PM

IGL, MGL, Guj Gas likely to outperform OMCs; Charts show up to 17% upside

Oil & Gas stocks outlook: Indraprastha Gas and Mahanagar Gas are awaiting a breakout from a narrow trading band, show technical charts. READ MORE

Closing Bell on Monday, July 15, 2024: Indian stock markets bucked the weak global trend and staged a broad-based rally on Monday. The BSE Sensex gained 145 points, or 0.18 per cent, to end at 80,665.

The NSE Nifty50, meanwhile, hit a record high of 24,635 in the intraday day. It ended at 24,587, up 85 points or 0.35 per cent.

State Bank of India (SBI), NTPC, Ultratech Cement, M&M, Bajaj Finance, ITC, Tata Motors, Maruti Suzuki India, Adani Ports, and HCL Tech were the top gainers, rising in the range of 0.5 per cent to 2.5 per cent.

In the broader markets, the BSE MidCap added 0.9 per cent, and BSE SmallCap rose 0.21 per cent.

Among sectors, the Nifty PSU Bank surged 3 per cent, while the Nifty Auto, Media, Pharma, and Realty indices edged over 1 per cent higher each.

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Topics :MARKET LIVE MARKET WRAP Markets Market news Indian stock markets Indian stock market stock market trading S&P BSE Sensex Nifty50 MARKETS TODAY Markets Sensex Nifty Global Markets global markets sell-off

First Published: Jul 15 2024 | 7:41 AM IST

Stock Market Highlights, July 15: Mid-caps outshine Sensex, Nifty in range-bound session; PSBs zoom

Stock Market Highlights, July 15, 2024: Among sectors, the Nifty PSU Bank surged 3 per cent, while the Nifty Auto, Media, Pharma, and Realty indices edged over 1 per cent higher each

Key Events

Broader markets :: MidCap index outperforms large, small-cap peers

Sectoral trends :: All but Nifty IT end higher

Sensex Heatmap :: SBI ends as top gainers, NTPC, Ultratech Cement follow

Closing Bell :: Nifty closes above 24,550

Closing Bell :: Sensex adds 145 points on Monday

Goldman Sachs targets $2 bn for first Asia-focused pvt equity fund