Stock Market Highlights, July 29: Benchmarks end flat after hitting record highs; most sectors gain

Stock Market Highlights on Monday, July 29: Among the broader indices, Midcap outperformed the others, as the Nifty Midcap 100 index hit a fresh 52-week high of 58,455.10

11:33 AM

ICICI Bank share price target: Stock should re-rate post Q1, say analysts

ICICI Bank share price target after Q1 2024 results: Driven by steady quarterly results in the June quarter of financial year 2024-25 (Q1FY25), analysts expect ICICI Bank stock to re-rate in months ahead with up to 20 per cent returns likely over the next 12 months. READ MORE

11:23 AM

Sanofi India stock falls 2% on weak June quarter results; profit falls 16%

The fall in the share price came after the pharmaceutical company reported a weak set of June quarter of financial year 2025 (Q1FY25) results. READ MORE

11:10 AM

Bandhan Bank stock price surges 12% on healthy June quarter earnings

While Bandhan Bank in its FY24 annual report said that the Bank will continue to focus on retaining its strength in the microfinance market, it will ensure that the agenda of diversification of the asset book is on track. Bandhan Bank will grow Housing Finance, Retail Assets and SME Lending to a larger share. The share of secured assets will also continue to increase. READ MORE

10:58 AM

ALERT :: L&T wins multiple 'Large' orders to build grid elements; stock rises 2.7%

>> The Power Transmission & Distribution (PT&D) business of Larsen & Toubro has won new orders in India and abroad for establishing substations and transmission lines which are crucial elements of the vast, interconnected electricity network.

>> A strengthened grid speeds up clean energy transition and ensures reliable, resilient power supply.

>> Note: 'Large' orders value between Rs 2,500 to 5,000 crore 

 

10:46 AM

ALERT :: NBCC wins order worth Rs 411 crore; stock up over 3%

10:33 AM

Sensex Heatmap :: Larsen & Toubro, SBI, and ICICI Bank lead

10:18 AM

Nifty50, Nifty IT, Nifty Bank, Nifty Auto, Nifty FMCG: Key levels to track

Nifty IT

Upside Potential: 5.7%

Support: 40,630; 39,800; 39,300

 

The Nifty IT index has given a breakout on the long-term chart after 4 months. The overall bias for the NSE tech-laced index is likely to remain positive as long as the index holds above 39,330 levels. On the upside, the IT index can zoom to 43,400 levels, with interim resistance seen around 41,800 levels. READ MORE
 

10:07 AM

BHEL rises over 3% on bagging Rs 10,000 cr-order from Damodar Valley Corp

n an exchange filing, BHEL said, “Bharat Heavy Electricals Limited (BHEL) has received a Letter of Intent (LOI) from Damodar Valley Corporation (DVC) for setting up the 2x800 MW Koderma Phase-II Thermal Power Station at Koderma district, Jharkhand on EPC basis.” READ MORE

9:54 AM

ICICI Bank jumps over 2% after Q1 results

9:43 AM

Ola Electric's IPO price out! How does it stack up against listed peers?

As far as market capitalisation is concerned, Ola will be the smallest among well-established names like Bajaj Auto, Eicher Motors, TVS Motors, and Hero MotoCorp. Its FY24 revenues from operations at Rs 5,010 crore are also a fraction of these players. Ola reported a net loss in FY24 and was loss-making at the operating profit level. The company has been burning cash but has managed to improve its free cash flow loss margin to -31 per cent in FY24. Due to the cash burn, Ola has moved from net cash positive in FY22 to net debt in FY24. READ MORE

9:34 AM

NTPC hits 52-week high after Q1 results

9:30 AM

Broader markets :: SmallCap index outperforms benchmarks

9:26 AM

Sectoral trends :: Bank, Media lead gains

9:22 AM

Sensex Heatmap :: NTPC, IndusInd Bank leads

9:20 AM

Opening Bell :: Nifty opens at record high