Stock Market Highlights, July 9: Sensex rises 391 pts, Nifty holds 24,400; Maruti leaps 6%, ITC 2%

Stock Market Highlights on July 09, 2024: The benchmarks Nifty, and Sensex indices hit record highs in intraday trade

SI Reporter New Delhi

7:56 AM

H1CY24 scorecard: Nippon India Mutual Fund grows fastest among top 10

The mutual fund industry's near double-digit asset growth in the past two quarters was supported by a sharp rise in the assets under management (AUM) of select mutual funds across the size spectrum. READ MORE

Sebi proposals will make decision-making easier

7:47 AM

Stocks to watch, July 9: Dixon Tech, Swan Energy, Bajaj Finserv, Senco Gold

Dixon Technologies:The company on Monday has announced plans to divest its entire 50 per cent stake in the joint venture company AIL Dixon Tech to Aditya Infotech. As part of the transaction, Dixon Technologies will acquire 6.5 per cent stake in Aditya Infotech in exchange for the divestment. READ MORE

7:38 AM

Mutual funds ride high: NFOs pick up on market rally, economic hope

Amid market buoyancy, the Rs 60 trillion mutual fund (MF) industry is rolling out new fund offers (NFOs) to capture a larger share of incremental investor flows. READ MORE

Mutual funds likely to get nod to invest in ETFs with India presence

7:31 AM

Downgrades, competition likely to keep Titan Company's stock under pressure

Titan Company released a disappointing pre-quarter Q1FY25 business update which has led to downgrades. Kalyan Jewellers, a key rival of Titan, did better going by its business update for Q1FY25. Analysts also pointed out that there will be increased competition in the space with the advent of Aditya Birla Group. READ MORE

market, stocks, stock market trading, stock market

7:30 AM

Hind Copper, Siemens: Top picks by Jatin Gedia of ShareKhan for July 9

Hindustan Copper was trading in a downward sloping channel and has now provided a breakout. The breakout has been accompanied with above average volume indicating that the breakout is likely to sustain and witness continued buying interest. READ MORE

7:28 AM

Nifty Fin Svcs eyes breakout, PSU Banks attractive on dips; key levels here

The Nifty Financial Services Index is currently trading at 23,586.75 and is showing a range-bound pattern on the charts. The defined range is between 23,700 and 23,450, and a trade above or below these levels would likely trigger movement in the corresponding direction. Given this setup, the best trading strategy is to wait for a clear breakout. READ MORE

7:27 AM

Market outlook Jul 09: Maruti, new listings in focus; GIFT Nifty near 24400

Benchmark equity indices – the BSE Sensex and the Nifty – are likely to start today’s trading session on a mildly positive note amid firm cues from Asian peers. At 07:00 AM, GIFT Nifty futures quoted around 24,388 levels, indicating an uptick of 30-odd points on the Nifty 50 index at the opening bell. READ MORE