Sensex adds 138 pts; Zomato ends 65% up over issue price at Rs 126 on BSE

The BSE MidCap and SmallCap indices, however, underperformed the benchmarks

9:02 AM

Pre-open session :: Sensex jumps 300 points

8:46 AM

Zomato IPO: 28% of applications through UPI route get rejected

About 28 per cent of applications made by retail investors in Zomato’s initial public offering (IPO) through the unified payments interface (UPI) route were rejected, said investment bankers in the know. In comparison, only 5 per cent of non-UPI retail applications –those coming from bank-backed brokerages– were rejected. READ MORE

8:40 AM

Market Ahead Podcast :: Top factors that could guide markets today

Zomato shares will make their market debut today. The IPO that was subscribed nearly 40 times is expected to list at a 30 per cent premium, as per analysts. It issue price stands at Rs 76 per share.

 

Telecom stocks, namely Bharti Airtel, Vodafone Idea and Tata Tele will be in focus today amid reports that the Supreme Court will pronounce its judgment on appeal for correction of errors in Adjusted Gross Revenue (AGR) calculation on July 23. LISTEN TO THE PODCAST

8:35 AM

Stocks to watch: Zomato, RIL, SBI Card, Voda Idea, Airtel, BPCL, Biocon

Results Today: Forty-one companies, including RIL, JSW Steel, SBI Card, YES Bank and Federal Bank will report their quarterly numbers today.

 

Vodafone Idea, Airtel: Telecom stocks will be in focus today amid reports that the Supreme Court will pronounce its judgment on appeal for correction of errors in Adjusted Gross Revenue (AGR) calculation on July 23. READ MORE

 

8:34 AM

Here is a Bull Spread strategy on L&T by HDFC Securities

Bull spread Strategy on LARSEN

 

Buy LARSEN 1640 CALL at Rs 19 & simultaneously sell 1680 CALL at Rs 9

 

Lot Size: 575

 

Cost of the strategy: Rs 10 (Rs 5750 per strategy)

 

Maximum profit: Rs 17250 If LARSEN closes at or above 1680 on 29 July expiry.

 

Breakeven Point: Rs 1650 READ MORE

8:33 AM

3 stock ideas by Osho Krishan of Anand Rathi: Buy ONGC, BPCL, IOC

BUY OIL & NATURAL GAS CORPORATION | TARGET: Rs 124 | STOP LOSS: Rs 110

 

ONGC witnessed a strong closing in the last trading session after a gap up opening, signalling trend reversal in the counter. On the daily time frame, strong demand is seen near 100 DEMA as the stock has reversed from the oversold region on the oscillator front, 14-period RSI and witnessed a positive crossover. READ MORE

8:32 AM

Zomato to make stock market debut on Friday

India’s first unicorn Zomato will make its stock market debut on Friday, marking a historic moment for the domestic capital market. As per initial schedule, Zomato’s listing was to take place on July 27. However, investment banks managed to complete the share allotment and listing formalities ahead of the deadline. Market players said given the stellar response the grey market premium for Zomato’s shares have shot up from 15 per cent during the IPO to 30 per cent at present. If grey market activity is anything to go by, the stock is expected to list around Rs 100 per share. READ HERE

8:31 AM

NSE bulk deals on Thursday

Read in detail here

8:30 AM

Bulk deals on BSE in Thursday's session

> Click here to read in detail

8:29 AM

FIIs turn net sellers on Thursday

8:28 AM

D-Street may open flat-to-positive

>> SGX Nifty was up 10 points at 15,824 around 8.25 am

 

8:27 AM

Rupee check

8:26 AM

Oil prices trade largely unchanged

8:24 AM

Asia stocks steady

Asian stocks were steady Friday and U.S. equity futures climbed after earnings optimism helped Wall Street edge toward an all-time high despite mixed economic data. 

> S&P 500 futures were up 0.3%, Nasdaq 100 futures climbed 0.4%. 

> Australia’s S&P/ASX 200 index was little changed

> South Korea’s Kospi index added 0.3%

> Hong Kong’s Hang Seng index dipped 0.6%
 

(Source: Bloomberg)

8:23 AM

US MARKET CHECK

Big tech helped Wall Street inch up to a higher close on Thursday, modestly building on a two-day rally as lackluster economic data and mixed corporate earnings prompted a pivot back to growth stocks. A pull-back in economically sensitive cyclicals kept the S&P 500's and the blue-chip Dow's gains muted, while small-caps underperformed their larger rivals.

 

The Dow Jones Industrial Average rose 0.07%, the S&P 500 gained 0.20% and the Nasdaq Composite added 0.36%.