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

9:10 AM

Pre-Open Session :: Sensex rises 200 pts

9:06 AM

Currency Update :: Rupee opens at 83.72/$, flat versus Tuesday's close

9:03 AM

BREAKING :: Hamas chief killed

9:02 AM

How to trade Gold ahead of US Fed outcome today? Check key levels here

The spot gold was trading with a gain of nearly 1 per cent at $2,405 at the time of the MCX closing. The metal gained on dip in the US yields as the US bonds rose despite somewhat encouraging data out of the US. The MCX October gold contract at Rs 69,180 was up 0.81 per cent. READ MORE

 

9:00 AM

Asian stocks steady, yen firm ahead of Bank of Japan's policy decision

Asian stocks clung to familiar ranges on Wednesday after contrasting results from tech bellwether Microsoft and chipmaker AMD suggested a divide in the AI landscape while the yen was firm ahead of the Bank of Japan's policy decision. READ MORE

8:57 AM

Trading strategy, July 31: Silver may consolidate gains before Fed outcome

Spot silver was trading at $28.31, up 1.65 per cent on the day, at the time of the MCX closing. MCX September contract at Rs 82,620 was up 1.64 per cent. READ MORE

8:43 AM

Tata Motors Q1 Preview: JLR, Indian CV sales may fuel revenue growth

Automobile major Tata Motors (TaMo) is scheduled to release its financial results for the June quarter of the fiscal year 2025 (Q1FY25) on Thursday, August 1, 2024. READ MORE

8:28 AM

Stocks to Watch Today, July 31: Vedanta, GAIL,Coal India, BHEL, Adani Power

GAIL: 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 QoQ 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. READ MORE

8:13 AM

Here's why Honda is losing the electric two-wheeler race in Indian market

Which automotive company, more than any other, is responsible for getting the world’s population moving? Ford Motor Co., whose Model T turned the car into a mass-market product? Volkswagen AG, which sold more vehicles than any competitor over the past decade? Toyota Motor Corp., whose Corolla is the best-selling auto in history? There’s a good case that the real answer is none of the above. Instead, it’s Honda Motor Co., whose cheap and cheerful Super Cub motorbike deserves to be recognised as the most important road vehicle in history. Since it debuted in 1958, cumulative sales have been more than 100 million, well over twice the Corolla’s numbers. READ MORE

8:02 AM

Mutual fund body Amfi calls for roll back of equity tax, STT hike

The mutual fund (MF) industry on Tuesday called upon the government to roll back the hike in equity MF taxation. READ MORE

7:50 AM

Sebi mulls changes in norms for FPIs from land-bordering countries

The Securities and Exchange Board of India (Sebi) is mulling changes in regulations for foreign portfolio investors (FPIs) belonging to land-bordering countries (LBCs). The market regulator has proposed to link the disclosure requirements to a minimum threshold to identify whether the FPI is from LBC or not. READ MORE

7:38 AM

Sebi proposes seven key changes to curb derivatives trading framework

The Securities and Exchange Board of India (Sebi) on Tuesday proposed seven key amendments to the derivatives trading framework, aiming to bolster investor protection and market stability. READ MORE

7:28 AM

GIFT Nifty, FII flows, Q1 results: Factors to set market trend on July 31

Indian equity indices are likely to start Wednesday’s trading session on a muted note amid mixed cues from global peers. At 07:00 AM, GIFT Nifty futures quoted around 24,920 levels, hinting at a likely flat start to the trading action on the NSE Nifty 50 index today. READ MORE

7:22 AM

SRF, BPCL among top picks by Chandan Taparia of MOFSL for July 31

SRF has given trend line breakout on daily chart and holding well above the same.  Momentum indicator RSI is positively placed which help the stock to continue upside momentum. Buying is visible across Chemical space which may support the ongoing up move. READ MORE

7:18 AM

Nifty Pvt Banks & IT: Check key breakout levels, trading strategies here

The Nifty Pvt Banks Index is currently trading within a defined range of 25,900 to 25,400. A close above or below this range would act as a trigger for a directional move. READ MORE