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
 "stock markets, Nifty50")
Closing Bell on Tuesday, July 9: Equity benchmark indices made a steady ascend on Tuesday, settling near record highs on the back of gains in Maruti Suzuki, M&M, ITC, and Titan Company.
The Nifty50 index recorded a fresh record high of 24,439 on the NSE, before ending at 24,433, up 113 points or 0.46 per cent.
The BSE Sensex, meanwhile, touched a lifetime peak of 80,397. It ended at 80,352, up 391 points or 0.49 per cent.
In the broader markets, the BSE MidCap, and SmallCap indices started on a firm note. They turned negative soon after, only to bounce back and end 0.36 per cent and 0.22 per cent higher, respectively.
Among sectors, the Nifty Auto index added 2.09 per cent, the Nifty PSU Bank index 1.07 per cent, and the Nifty Pharma index 1.6 per cent.
3:54 PM
Views by: Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas
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Tech View :: 'Positive trend in Nifty, Bank Nifty to continue in near-term'
Nifty50
On the daily charts, we can observe that the Nifty closed above 24,400 suggesting that there is likely to be more upside over the next few trading sessions. The next target of the upside is 24,610 which is the 161.82% fibonacci retracement level of the previous fall and also the daily upper Bollinger band.
On the daily charts, we can observe that the Nifty closed above 24,400 suggesting that there is likely to be more upside over the next few trading sessions. The next target of the upside is 24,610 which is the 161.82% fibonacci retracement level of the previous fall and also the daily upper Bollinger band.
Bank Nifty
Bank Nifty witnessed a consolidation. It is trading around the lower boundary (52,000) of the broad range 52,000 – 53,500 and hence likely that the Bank Nifty can witness positive momentum towards 53,000 from short term perspective.
Views by: Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas
3:50 PM
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Comment :: 'Equity flows continue to be strong, and sectoral themes seem to be seeing strong interest'
June was a watershed month for the MF (mutual fund) industry, with the AUM (Assets Under Management) number hitting Rs 60 trillion for the very first time, closing at Rs. 61.3 trillion.
We have added Rs 10 trillion in just six months. The addition in six months is equal to what we were as an industry ten years ago!
We have added Rs 10 trillion in just six months. The addition in six months is equal to what we were as an industry ten years ago!
Equity flows continue to be strong, and sectoral themes seem to be seeing strong interest. Most categories in equity have been positive, including Value and Contra, which were tepid until now.
The Arbitrage category has softened in terms of flows in the last two months. Multi-asset funds saw strong inflows as investors sought to diversify risk.
The Arbitrage category has softened in terms of flows in the last two months. Multi-asset funds saw strong inflows as investors sought to diversify risk.
Fixed income flows have been negative, except for money market and low-duration funds, which saw positive flows largely driven by higher yields and quarterly crossover investments.
Views by: Anand Vardarajan, Chief Business Officer, Tata Asset Management
Views by: Anand Vardarajan, Chief Business Officer, Tata Asset Management
3:47 PM
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Equity MF inflows up 17% at record high of Rs 40,608 cr in June: Amfi
Equity mutual funds have seen net inflows aggregating to Rs 5.99 trillion from domestic investors since February 2021, well above net foreign inflows of Rs 33,361 crore over the same period. READ MORE
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3:45 PM
Currency check :: Rupee ends 1 paise higher
3:42 PM
Broader markets :: Mid, SmallCap indices extend gains but underperform benchmarks
3:40 PM
Sectoral trends :: Auto index up 2%, Pharma, PSB, Realty over 1% each
3:38 PM
Sensex Heatmap :: Maruti Suzuki single-handedly drives gains on Sensex
3:37 PM
Closing Bell :: Nifty holds 24,400 at close
3:36 PM
Closing Bell :: Sensex soars 391 pts, ends near record high
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ITC stock extends rally into 5th day, hits 5-month high; up 7% in 1 week
ITC's cigarette business saw volume recovery in FY23 and FY24, with cigarette volume almost at par with its peak volumes in FY13. Stability in taxes and various government initiatives to curb illegal cigarettes have been supporting the legal cigarette market. Motilal Oswal Financial Services model a 6.5 per cent revenue CAGR, 3.5 per cent volume CAGR and 6.5 per cent earnings before interest tax (Ebit) growth during FY24-26 with steady macros and taxes. READ MORE
3:13 PM
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ALERT:: Sensex hits new all-time high at 80,397, up over 400 pts
3:03 PM
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ALERT:: Indix VIX rises over 5%; Up significantly for the second day
2:50 PM![]()
RPP Infra Projects zooms 12% on bagging new orders worth Rs 310 cr
RPP Infra Projects shares zoomed 11.7 per cent at Rs 160.55 per share on the BSE in Tuesday’s intraday trade. The stock price soared after the company bagged new work orders worth Rs 310.93 crore. READ MORE
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Keystone Realtors surges 6% on steady pre-sales growth in Q1; details here
Shares of Keystone Realtors surged up to 5.9 per cent at Rs 710.10 per share on the BSE in Tuesday’s intraday trade. The stock price soared after the company on Tuesday released early estimates of its financial performance in April-June quarter of fiscal year 2023-24 (Q1FY24). READ MORE
2:21 PM
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This smallcap defence electronics stocks has zoomed 111% from June low
Shares of Avantel hit a new high of Rs 223.80, up 9% in intra-day trade on Tuesday; the stock has surged 21% in past three trading days. READ MORE
Topics : MARKET LIVE MARKET WRAP stock market trading Indian stock exchanges Markets Sensex Nifty Indian stock markets Domestic markets Global stock markets FII flows DIIs Mutual funds FIIs FIIs IPOs valuations IPOs Indian stocks S&P BSE Sensex BSE Sensex
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First Published: Jul 09 2024 | 7:18 AM IST
