RIL shines in lacklustre trade; Sensex ends 64 pts up; broader indices slip

CLOSING BELL ON JULY 10, 2023: Reliance alone contributed 302 points to the BSE Sensex as the stock finished 3.8 per cent higher. The NSE Nifty 50 was up 24 points at 19,356 on Monday.

8:56 AM

Street Signs: Jolt for unlisted markets, Utkarsh SFB GMP at 60%, and more

IPOs of some of the recent small finance banks (SFBs) have not done so well. However, Utkarsh SFB looks set to buck the trend. READ

8:49 AM

Charging bulls chase up mutual fund average AUM in Q1, shows data

The mutual fund (MF) industry recorded a 6.4 per cent quarter-on-quarter growth in the average assets under management (AAUM) during the first quarter (April-June) of the current financial year (2023–24) as a bull run in the equity market pushed up the value of the underlying assets. READ

8:44 AM

Wild ride for auto stocks in markets so far in FY24 as they burn rubber

Automotive (auto) and auto ancillary stocks have been in the fast lane thus far in 2023–24 (FY24), with the National Stock Exchange Nifty Auto Index surging nearly 27 per cent, outperforming the Nifty50, which has gained roughly 11 per cent during this period. READ

8:39 AM

ALERT: IRB Infa June toll revenue rises 16% YoY

 IRB Infra June toll revenue up 16.5% at Rs 383.3 over last year.

 

Q1 looks positive as an upward trend is seen in aggregate toll revenue, the company said.

8:34 AM

WATCH: How will India Inc fare in Q1FY24?

8:30 AM

Q&A: No question of taking money out of mkt, says Aditya Birla Sun Life AMC MD & CEO

"Any rebalancing must not be done entirely out of the equity market but through a mix of exposure to equity and debt. It is prudent to look at it from the prism of an asset class mix", says A Balasubramanian. READ

 

8:24 AM

Cyient DLM commands GMP of Rs 150 apiece, up 57% over issue price

8:19 AM

Rupee ends 23 paise weaker on Friday

8:14 AM

India Inc may see over 22% profit jump in Q1; revenue growth may disappoint

Brokerages expect Nifty50 companies to have cumulatively witnessed strong double-digit growth in their earnings in the first quarter of FY24 (Q1FY24). This growth in the combined earnings is expected to have been driven by banks, automakers, and oil & gas companies. READ

8:09 AM

Stocks to Watch today, July 10: Cyient DLM, Titan, SBI, Zee, IOC, HDFC Bank

Zee Entertainment: The Securities and Appellate Tribunal (SAT) will on Monday pronounce its judgement on appeals filed by the promoters of Zee Entertainment Enterprises against an earlier Sebi order.

 

SBI: The state-run bank is likely to raise up to Rs 10,000 crore in tier-I bonds this week. However, it will decide on actual issuance based on yield level in the market, which hardened in the last two weeks. 

HDFC Bank, IDBI Bank: IDBI Bank top sell up to 22.20 million shares of National Securities Depository (NSDL) in the upcoming IPO. The depository said the IPO will see sales of 57.3 million shares by its six shareholders, including HDFC Bank, Union Bank and SBI. READ

8:04 AM

Nifty 50: Aggressive traders may short-sell index with stop loss at 19,525

It is crucial to set a strict stop loss at 19,525 to manage risk since resistance levels are projected at 19,380 and 19,490. READ

8:00 AM

Gift Nifty futures hint at muted start

7:55 AM

China June CPI flat from a year ago; PPI index shrinks more than expected

China’s consumer price index was flat in June year-on-year, its lowest level since February 2021. Meanwhile, producer prices fell 5.4 per cent year-on-year, the fastest rate of decline since December 2015. 

7:50 AM

Brent Crude rises to $78 per bbl

Crude gained 3% on Friday to $78 per bbl, highest level in 9 months.

7:46 AM

US stock futures trade with cuts in after market deals