Stock Market Highlights, Aug 7: Sensex climbs 875 pts; Nifty ends at 24,297; Mid, smallcaps outrun

Stock Market Highlights on August 7: As many as 44 out of 50 constituent stocks of the Nifty50 ended higher, with ONGC, Coal India, Adani Enterprises, and Adani Ports gaining up to 7.45 per cent

5:31 AM

Lupin's shares zoom 6%, hit 52-week high on solid Q1 show; details here

Shares of Lupin, the Indian pharmaceutical major surged up to 6.18 per cent, hitting its 52-week high at Rs 2025 per share on the BSE in Wednesday’s intraday trade. This came as the company reported its first quarter results for financial year 2024-24 (Q1FY25) post market hours on Tuesday. Mumbai-based Lupin reported a whopping 77.2 per cent year-on-year (Y-o-Y) increase in profit after tax (PAT) for Q1FY25, reaching Rs 801 crore. This was driven by successful new product launches and robust performance in key markets. The company's revenue from operations also grew by 16.2 per cent Y-o-Y to Rs 5,514.3 crore. READ MORE

5:23 AM

This garment stock has rallied 44% in 2 days; zoomed 114% from June low

Shares of S.P. Apparels Limited (SPAL) hit a new high of Rs 1,133, as they surged 20 per cent on the BSE in Wednesday’s intra-day trade amid heavy volumes, extending Tuesday’s rally as the political crisis deepened in Bangladesh. In the past two trading days, the stock of garments & apparels company has zoomed 44 per cent.  The stock has soared 114 per cent from a level of Rs 530 touched on June 4, 2024.  READ MORE

5:07 AM

Here's why EIH stock price plunged 10% in intraday deals on August 7

Luxury hospitality company EIH stock price nosedived 10.19 per cent in intraday deals to hit a low of Rs 256.70 per share on Wednesday, August 7, 2024. 

However, at 10:12 AM, shares of the company were trading 9.49 per cent lower at Rs 359.50 per share. In comparison, BSE Sensex was up 0.75 per cent at 79,181.86 levels. READ MORE

4:55 AM

TVS Motor stock hits all-time high, jumps 5% on healthy June qtr earnings

Shares of TVS Motor Company hit an all-time high at Rs 2,620.20, as they rallied 5 per cent on the BSE in Wednesday’s intra-day trade after the company reported a healthy performance for the June 2024 quarter (Q1FY25). The company posted a 14.1 per cent year-on-year (YoY) growth in total sales volume, at 1.09 trillion units. READ MORE

4:40 AM

PB Fintech's shares skyrocket 16%, hit all time high post Q1; check details

The stock price of PB Fintech surged up to 16.23 per cent, hitting its all time high at Rs 1664.35 per share on the BSE in Wednesday’s intraday trade. This came after the company reported a 52 per cent increase in revenues in the first quarter of financial year 2024-24 (Q1FY25). On Tuesday, PB Fintech, the parent company of online marketplaces Policybazaar and Paisabazaar, announced a third consecutive profitable quarter for the April-June period, driven by an exceptional gain of Rs 41 crore from disinvestments through subsidiaries. READ MORE

4:33 AM

Gold to stay volatile amid Yen unwinding; Sharekhan shares trading strategy

Spot gold has swung quite wildly in the last few sessions following the release of the recent US nonfarm payroll report, which was weak enough to stoke concerns about the US job market, and the US economy.  The Japanese yen, which was already on a tear as the Bank of Japan hiked rates on July 31, surged further as the US yields nose-dived; thus, extending its July rally of 7 per cent to nearly 12 per cent from its cycle low. Surging yen led to aggressive unwinding of carry trades, which resulted in massive deleveraging by traders forcing them to liquidate their positions across the board. READ MORE

 

 

4:31 AM

Gland Pharma tanks 9% on weak June quarter show, Q1 profit drops 26%

Shares of Gland Pharma plunged as much 9.44 per cent to hit an intraday low of Rs 1910.20 per share on Monday, August 7, 2024. However, at 9:45 AM, shares of the company were trading 4.06 per cent lower at Rs 2,023.85 per share. In comparison, BSE Sensex was trading 0.90 per cent higher at 79,301.43 levels. READ MORE

4:13 AM

Top dividend yield stocks: Religare Broking picks best bets for investors

Domestic brokerage firm Religare Broking has come up with a list of stocks with high dividend yields. Dividend yield is one of the main factors to consider when investing in dividend-paying stocks. It is an indicator of the return that investors are earning on their shares. Religare Broking has filtered the list of top dividend-paying companies based on their fundamental strength and selected 10 stocks. READ MORE

4:09 AM

Oil marketing companies shares rally

3:52 AM

V-Mart faces tough road ahead despite promising June quarter: Nuvama

Despite a promising June quarter (Q1FY25), V-Mart is navigating a challenging landscape. The retail chain operator faces several hurdles, including evolving customer preferences, disruptions in transport logistics, and intensifying competition, analysts at domestic brokerage Nuvama said. READ MORE

 

3:50 AM

All the sectors trade in green

3:49 AM

Broader markets shine; Nifty MidCap, SmallCap up 1.4% each

3:48 AM

Index heatmap check

3:47 AM

Opening bell :: Nifty up 300 points, opens near 24,300

3:46 AM

Opening bell: Sensex zooms over 900 points