Stock Market highlights, July 31: Sensex adds 285 pts, Nifty settles at 24951; Midcap stocks shine

Stock Market highlights on July 31, 2024: The day belonged to the bulls as 21 out of 30 stocks on the BSE Sensex saw gains of up to 4 per cent

SI Reporter New Delhi

market, stocks, stock market trading, stock market

10:21 AM

Manglam Infra listing today: Shares make bumper debut, list at 90% premium

The three-day subscription window for the Manglam Infra IPO closed on Friday, July 26, 2024. The basis of allotment for the Manglam Infra IPO took place on Monday, July 29, 2024. The public issue received massive participation from investors, getting booked a whopping 394.42 times by the last date of subscription. The NII category received the highest bid at 756.73 times, followed by retail at 371.72 times, while the QIB category got booked 163.04 times. READ MORE

10:10 AM

Sebi F&O proposals seen further boosting appeal of options segment

The regulator has proposed that the minimum value of a derivatives contract at the time of introduction should be between Rs 15 lakh and Rs 20 lakh. It should be further increased to between Rs 20 lakh and Rs 30 lakh after six months, Sebi stated in a consultation paper. Currently, the minimum value of a derivatives contract is around Rs 5 lakh. READ MORE

9:54 AM

All you need to know about Sebi proposals on index derivatives

Rationalization of strike price for options

Existing Practice:Nifty and Bank Nifty options strikes cover roughly 7-8 per cent of index movement on the given day, with additional strikes introduced if the situation warrants so. Nifty has a total of up to 70 options strikes, while Bank Nifty around 90. READ MORE

9:42 AM

Titagarh Rail Systems falls 5% after Q1 results

>> The company's net profit rose 8.4 per cent YoY to Rs 67 crore in the June quarter.

9:39 AM

Indus Towers slips 1% after Q1 results

>> Telecom infrastructure major's consolidated profit jumped 42 per cent to Rs 1,925.9 crore in the quarter ended June 30, 2024, from Rs 1,347.9 crore reported in the corresponding quarter of the previous fiscal year.

>> The company's consolidated revenue from operations jumped about 4 per cent to Rs 7,439.4 crore in the June 2024 quarter from Rs 7,132.4 crore in the corresponding quarter of the previous year.

9:37 AM

Dixon Technologies up 2% on 94% surge in PAT

>> The company's net profit in Q1FY25 climbed 94.25 per cent to Rs 133.68 crore as against Rs 68.82 crore reported during the previous quarter ended June 2023.

>> The company's sales jumped 101.12 per cent to Rs 6579.80 crore in the quarter ended June 2024 as against Rs 3271.50 crore during the corresponding quarter of the previous fiscal year.

9:34 AM

Tata Consumer Products slips over 1% after Q1 results

>> Tata Consumer Products' net profit in Q1FY25 dropped 8.3 per cent Y-o-Y due to higher exceptional items and lower share of profits from associates and joint ventures.

>> The company's net profit fell to Rs 290.3 crore in the quarter under review from Rs 317 crore reported in the first quarter of FY24.

9:31 AM

Gail (India) gains over 4% on 78% Y-o-Y surge in Q1 net

>> State-run Maharatna company Gas Authority of India (Gail) reported a 77.5 per cent rise in consolidated net profit at Rs 3,183.35 crore in Q1FY25 from Rs 1,793 crore in the year-ago period.

>> Gail's net profit jumped 28.6 per cent Q-o-Q from Rs 2,474 crore. The latest growth in net profits was propelled by increased domestic natural gas marketing volume and higher gas transmission volumes.

9:27 AM

Torrent Power rises 5% on Q1 strong show

>> The company reported a surge of 87.2 per cent Y-o-Y in net profit in the June quarter to Rs 996.3 crore.

>> Torrent Power's revenue jumped 23.3 per cent Y-o-Y to Rs 9,033.7 crore in the quarter under review.

>> The company's Ebitda witnessed a jump of 56.8 per cent Y-o-Y to Rs 1,857.9 crore.