Stock Market Highlights, August 1: Sensex rises 126 pts, Nifty holds 25,000; PSU stocks shine

Stock Market Highlights on Thursday, August 1, 2024: The day ended in favour of the bulls, with 28 out of the 50 listed companies on the Nifty50 ending higher, led by Power Grid Corporation of India

9:36 AM

Bank fo Baroda trades flat after in-line Q1 result

9:34 AM

Maruti Suzuki extends rally post solid Q1 show; stock up nearly 7% in 2 days

>> Maruti Suzuki India Ltd reported its Q1 FY25 net profit of Rs 3,650 crore, up 47 per cent YoY and beating market expectations.

>> Its revenue rose 9.9 per cent to Rs 35,531.4 crore 

9:28 AM

Sectoral trends :: Metal and banking shares lead in morning trade

9:25 AM

Sensex Heatmap :: Bulls take charge in early trade

9:21 AM

Opening Bell :: Nifty scales past 25,000

9:17 AM

Opening Bell :: Sensex opens at record high

9:08 AM

Sensex at record levels in pre-open, up 200 pts

9:08 AM

Nifty above 25,000 in pre-open trade

9:05 AM

Currency Update :: Rupee opens 4 paise higher vs US dollar

9:03 AM

Strong institutional flows lift equity markets in July, shows data

Robust capital flows from domestic and foreign portfolio investors (DIIs and FPIs) lifted equity markets in July. Despite the increase in capital market-related taxes, the benchmark Sensex and the Nifty rose over 3 per cent last month. READ MORE

 

8:50 AM

Ceigall India IPO opens today; GMP, price band, key details to know

The unlisted shares of infrastructure construction company, Ceigall India Limited, are commanding a strong premium in the grey markets ahead of its public issue, which is scheduled to open today for public subscription. Ceigall India's shares are trading at a premium of Rs 90 or 22 per cent in the grey markets on Wednesday. The three-day subscription window of Ceigall India IPO will close on Monday, August 5, 2024. READ MORE

8:39 AM

Asian shares extend global rally, Nikkei stands out amid yen surge

Asian shares rallied on Thursday, tracking a huge revival in global tech stocks helped by Meta and Nvidia, while prospects of imminent policy easing in the US boosted global bonds and commodities. READ MORE

8:33 AM

Budget with BS: Market mavens divided on LTCG tax hike from 10% to 12.5%

Market mavens are divided on the recent hike in long-term capital gains tax (LTCG) from 10 per cent to 12.5 per cent on equities. Some believe it will discourage long-term investing in stocks and enhance the appeal of other asset classes. Others argue that the rates are still lower compared to some global peers and will primarily affect the ultra-rich, who derive most of their gains from the capital markets. READ MORE

8:21 AM

Chipmaker Qualcomm forecasts strong revenue, warns of trade-curb impact

Chipmaker Qualcomm forecast fourth-quarter revenue above Wall Street estimates on Wednesday, betting on strong demand for high-end Android devices and the need for more chips in smartphones that are getting AI upgrades. READ MORE

8:09 AM

Stocks to Watch Today, August 1: Infosys, Godrej Prop, Adani Ent, ITC, TaMo

Infosys: The IT giant has received a pre-show cause notice for the payment of GST of Rs 32,403 crore from Karnataka State GST authorities for the period July 2017 to March 2022, relating to the expenses incurred by the company's overseas branch offices. READ MORE