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CLOSING BELL on July 17: The benchmark S&P BSE Sensex notched a new high of 66,656 in the intra-day trade, while the Nifty50 hit a new record high of 19,732

Sensex, BSE, stock markets

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		<strong>Stock market highlights</strong>: Benchmark indices witnessed a steady uptrend on Monday, hitting new all-time highs on the way. The benchmark S&P BSE Sensex notched a new high of 66,656 in the intra-day trade, before settling at 66,590, soaring 529 points or 0.8 per cent.&nbsp;</div>
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		The Nifty50, too, hit a new record high of 19,732. It, eventually, settled at 19,721, up 157 points or 0.8 per cent.</div>
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		SBI (up 3 per cent) was the top winner at the bourses, followed by Wipro, Dr.Reddy&#39;s Labs, Grasim, HDFC Bank, RIL, IndusInd Bank, Kotak Bank, Adani Enterprises, Tech M, ICICI Bank, Asian Paints, and Maruti Suzuki.</div>
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		In the broader markets, the BSE MidCap index settled 0.3 per cent up, while the BSE SmallCap index advanced 0.85 per cent. The indices hit new highs of 29,593 and 34,079, respectively.</div>
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		Among sectors, the Nifty PSU Bank index jumped over 2 per cent, the Nifty Bank index 1.5 per cent, and the Nifty IT index 0.4 per cent.</div>
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<strong>IPO Update :: Netweb Technologies</strong><br />
The three-day issue of Netweb Tech sailed through and was subscribed 1.65 times till 3:30 PM on day one of the offer. The employee portion was booked 5.6 times, retail portion 2.3 times, NII 2.06 times, and QIB portion 2 per cent. The bidding will close at 5:00 PM.

Sensex adds 529pts, ends near 66,600; Nifty at 19700; SBI up 3%, HDFC Bk 2%

Business Standard

Sensex adds 529pts, ends near 66,600; Nifty at 19700; SBI up 3%, HDFC Bk 2% | News on Markets - Business Standard

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Netweb Tech IPO subscribed 1.7 times on Day 1 so far; here's what brokerages recommend

The company has a fixed price band between Rs 475-Rs 500 per share. The issue will close on Wednesday, July 19. <a href="https://www.business-standard.com/markets/news/netweb-tech-ipo-booked-70-on-debut-here-s-what-brokerages-recommend-123071700273_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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<div style="float: left; max-width: 600px;">
	<img align="" alt="initial public offerings" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2021-09/29/full/1632858985-0659.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="initial public offerings" width="620" /></div>
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Avenue Supermarts dips 3% on disappointing June quarter results

The company&#39;s consolidated net profit grew mereley by 2.5 per cent to Rs 658.71 crore in April-June 2023 quarter (Q1FY24), as lower sales of apparel and general merchandise impacted margins.&nbsp; <a href="https://www.business-standard.com/markets/news/avenue-supermarts-dips-4-on-disappointing-june-quarter-results-123071700265_1.html?1689576040" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="left" alt="chart" class="imgCont" height="358" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-07/17/full/1689589852-2919.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="chart" width="603" /></div>
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Wipro hits 10-month high; stock surges 7% in two days post Q1 results

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	For Wipro, the long-term outlook is expected to improve as demand is set to get back on track as well as investment in Automation and Gen AI based products &amp; solutions will aid growth, analyst said. <a href="https://www.business-standard.com/markets/news/wipro-hits-10-month-high-stock-surges-7-in-2-days-post-q1-results-123071700190_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="left" alt="chart" class="imgCont" height="357" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-07/17/full/1689589581-516.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="chart" width="603" /></div>
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Lloyds Metals gains 4% on NSE debut; stock up 137% so far in 2023

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	Since 2021, the stock price of Lloyds Metals has skyrocketed 5,686 per cent to Rs 582.70 from level of Rs 10.07 at the end of December 2020. <a href="https://www.business-standard.com/markets/news/lloyds-metals-soars-7-on-nse-debut-stock-up-137-so-far-in-2023-123071700220_1.html?1689573151" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="left" alt="chart" class="imgCont" height="398" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-07/17/full/1689589506-7328.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="chart" width="603" /></div>
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CLOSING BELL:: S&P BSE benchmark hits all-time high at 66,656; ends 529 points higher at 65,590

ALERT: HDFC Bank reports 30% YoY rise in Q1 profit

Q1 standallone net profit comes at Rs 11, 952 crore vs Rs 9,196 crore a year ago<br />
HDFC Bank asset quality declines in Q1 as net NPA rises over 9 per cent QoQ to Rs 4,776.9 crore<br />
Gross NPA ratio at 1.17 per cent from 1.12 per cent in last quarter, down from 1.28 per cent a year ago<br />
Net NPA ration at 0.30 per cent, up from 0.27 per cent in Q4. It is down from 0.35 per cent a year ago

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Lloyds Metals soars 7% on NSE debut; stock up 137% so far in 2023

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	Shares of Lloyds Metals and Energy hit a new high of Rs 582.70, surging 7 per cent on making its debut on the National Stock Exchange (NSE) in Monday&rsquo;s intra-day trade. On the BSE, the stock hit a high of Rs 583.85 in intra-day trade today. <a href="https://www.business-standard.com/markets/news/lloyds-metals-soars-7-on-nse-debut-stock-up-137-so-far-in-2023-123071700220_1.html" target="_blank"><strong>READ</strong><br />
	<img alt="Sensex, Nifty, stock brokers" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-04/05/full/1680686226-6079.jpg?im=FeatureCrop,size=(826,465)" style="height: 338px; width: 600px;" /></a></div>

Wage bill of listed pvt. companies up 17% at Rs 11.5 trn in FY23: Report

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	The aggregate wage bill of the listed private corporates expanded by 17 per cent to hit Rs 11.5 trillion in fiscal 2022-23 (FY23) driven by non-bank finance companies (NBFC), private bank, information technology (IT), consumer discretionary, industrial and auto sectors, suggests a recent report by ICICI Securities. <a href="https://www.business-standard.com/industry/news/wage-bill-of-listed-pvt-companies-up-17-at-rs-11-5-trn-in-fy23-repor-123071700209_1.html" target="_blank"><strong>READ</strong><br />
	<img alt="Take-home salary may rise under new Employees' Provident Fund law" src="https://bsmedia.business-standard.com/_media/bs/img/article/2019-08/27/full/1566849089-9401.jpg?im=FeatureCrop,size=(826,465)" style="width: 600px; height: 338px;" /></a></div>

Wipro hits 10-month high; stock surges 7% in 2 days post Q1 results

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	For Wipro, the long-term outlook is expected to improve as demand is set to get back on track as well as investment in Automation and Gen AI based products &amp; solutions will aid growth, analyst said. <a href="https://www.business-standard.com/markets/news/wipro-hits-10-month-high-stock-surges-7-in-2-days-post-q1-results-123071700190_1.html" target="_blank"><strong>READ</strong><br />
	<img alt="Wipro" src="https://bsmedia.business-standard.com/_media/bs/img/article/2021-04/15/full/1618488020-548.jpg?im=FeatureCrop,size=(826,465)" style="height: 338px; width: 600px;" /></a></div>

Lupin gains after USFDA gives nod to market generic medication in US

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Nifty Media index extends rally, rises over 2%

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Nifty IT rises over 1%, led by Mphasis, LTIMindtree, Wipro

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Angel One dips 7% as NSE bars onboarding of new authorised persons

Angel One said NSE&#39;s order does not affect the existing business or the activities of the APs affiliated with the company. <a href="https://www.business-standard.com/markets/news/angel-one-dips-7-as-nse-bars-onboarding-of-new-authorised-persons-123071700157_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="Angel One" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-07/13/full/1689270035-3662.png" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 600px; height: 400px;" title="Angel One" /></div>
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LTIMindtree gains 1% ahead of Q1FY24 results

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J&K Bank approves fundraise via equity capital & NCDs; stock rises 1%

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D-Mart declines 1% as Q1FY24 misses Street estimates

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Angel One tumbles 5% as NSE slaps Rs 1.67 crore penalty

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Route Mobile soars over 7% after promoters plan to sell entire stake

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Bandhan Bank's net profit falls 19% YoY in Q1; stock down 2%

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JSW Energy slips 2% as company registers 48% drop in Q1 net profit

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Media, pharma stocks trade firm; Banking, financial services shares weak

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Broader indices outperform; India VIX jumps 4%

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OPENING BELL | Sensex trades above 66,100; up over 50 pts

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OPENING BELL | Firm start for Nifty50, advances above 19,550

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PRE-OPEN SESSION | Nifty50 atop 19,600-mark, up 50-odd points

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PRE-OPEN SESSION | Sensex eyes positive start, up over 50 points

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Rupee opens at 82.14/$ as against previous close of 82.44/$

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WATCH :: Has Dalal Street priced in demand woes for IT stocks?

DLI scheme 2.0: Centre considers picking up equity in chip design firms

While the modalities and the timing of the second phase of the scheme are yet to be worked out, the broader vision on which there is a consensus is to offer equity support to those domestic semiconductor chip design companies that have reached a certain maturity and have the potential to go to the next level or scale. <a href="https://www.business-standard.com/companies/news/dli-scheme-2-0-centre-considers-buying-equity-in-chip-design-firms-123071600520_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-10/07/full/1665119715-1659.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="" width="620" /></div>
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Nifty bulls need to keep an eye on these two key levels

There are two important levels to watch out for. The first level is at 19,436, which should be considered a strict stoploss for near-term positions. The second level is at 19,150, which serves as a strict stoploss for all bullish swing players. <a href="https://www.business-standard.com/markets/news/nifty-bulls-need-to-keep-an-eye-on-these-two-key-levels-show-charts-123071700051_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-07/08/full/1657224630-7416.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="" width="620" /></div>
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ALERT :: China's unemployment rate for youth at new record

&gt;&gt;&nbsp;The unemployment rate among young people, aged 16 to 24, was 21.3% in June, a new record.

ALERT :: China's Industrial production for June rose by 4.4% YoY, better than the 2.7% forecast

<em>Source: CNBC</em><br />
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	<img align="" alt="" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-04/01/full/1680358371-9351.jpg" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 600px; height: 450px;" title="" /></div>
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&gt;&gt;&nbsp;China&#39;s second-quarter gross domestic product grew by 6.3% from a year ago.<br />
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&gt;&gt; The 6.3% GDP print for the second quarter marked a 0.8% pace of growth from the first quarter, slower than the 2.2% quarter-on-quarter pace recorded in the first three months of the year.<br />
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&gt;&gt; Analysts polled by Reuters had predicted a 7.3% increase in the second quarter GDP.<br />
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<em>Source: CNBC</em>

Sensex adds 529pts, ends near 66,600; Nifty at 19700; SBI up 3%, HDFC Bk 2%

CLOSING BELL on July 17: The benchmark S&P BSE Sensex notched a new high of 66,656 in the intra-day trade, while the Nifty50 hit a new record high of 19,732

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