Stock Market Highlights, July 1: Mid, SmallCap indices hit record highs; Sensex gains 443 pts

Stock market Highlights on Monday, July 1, 2024: Tech M, Bajaj Finance, Ultratech Cement, TCS, Infosys, JSW Steel, HUL, HDFC Bank, Tata Motors, ITC, ICICI Bank, Titan were the top gainers today

9:30 AM

Bank of Baroda slips marginally on tax demand notice

>> State-owned BoB has received a tax demand order of Rs 1,067.82 crore from the Faceless Assessment Unit, Income Tax Department, pertaining to Assessment Year (AY) 2017-18.

>> The public sector bank, however, will appeal before the Commissioner of Income Tax (appeals), National Faceless Appeal Centre (NFAC) against the said order, it said in an exchange filing.
 

9:28 AM

Vodafone Idea in red despite tariff hike announcement

>> Vodafone Idea has increased pre-paid and post-paid plans by up to 24 per cent effective July 4.

9:25 AM

Broader markets :: SmallCap index bounces, outshines peers

9:23 AM

Sectoral trends :: Financials weigh, Media, Metal indices rise

9:22 AM

Sensex Heatmap :: JSW Steel, Bharti Airtel gain 1% in early trade; NTPV down over 1%

9:20 AM

Opening Bell :: Nifty tests 24,000

9:19 AM

Opening Bell :: Sensex dips 7 points, holds 79,000

9:10 AM

Pre-Open Session :: Nifty below 24,000

9:09 AM

Pre-Open Session :: Sensex ticks mildly higher

9:04 AM

Currency check :: Rupee opens flat

8:55 AM

Asia's factory activity expands in June on solid momentum in global economy

Asia's factory activity expanded in June on solid momentum in the global economy and brightening prospects for semiconductor output, surveys showed on Monday, offering policymakers some hope the region can weather the hit from soft Chinese demand.

 

But cost pressures weighed on manufacturers in countries like Japan, where the weak yen is boosting the price companies pay for fuel and raw material imports. Read more
 

8:38 AM

Stocks to Watch, July 1: Airtel, Voda Idea, Bank of Baroda, Godrej Prop

Bank of Baroda: State-owned BoB has received a tax demand order of Rs 1,067.82 crore from the Faceless Assessment Unit, Income Tax Department, pertaining to Assessment Year (AY) 2017-18. The public sector bank, however, will appeal before the Commissioner of Income Tax (appeals), National Faceless Appeal Centre (NFAC) against the said order, it said in an exchange filing.
 

Orchid Pharma, Cipla: Orchid Pharma as partnered with Cipla to launch antibiotic Cefepime-Enmetazobactam, which is used for the treatment of complicated Urinary Tract Infections, Hospital-Acquired Pneumonia and Ventilator-Associated Pneumonia Indications.

GRP: The Board of Directors of the company has approved issue of bonus shares in the ratio of 3:1 i.e. three new fully paid-up equity shares for every one existing fully paid-up equity share.
 

Cochin Shipyard: Udupi Cochin Shipyard Ltd., a wholly-owned subsidiary of the company, has signed a contract with Wilson ASA, Norway, for the design and construction of four 6,300 TDW Dry Cargo Vessels. Read more

8:24 AM

Buzzing stocks today, July 1: Auto, Tata Consumer, HDFC Life, NTPC, Pharma

JSW Energy: JSW Neo Energy, a wholly-owned subsidiary of the company, has received a letter of award for wind-solar hybrid power projects of 300 MW from SJVN, for setting up of 1,500 MW ISTS connected wind-solar hybrid power projects (Hybrid-2).

Tata Consumer Products: The Tata Group company has received an income tax demand of Rs 171.83 crore for the assessment year 2019-20.

Tata Consumer Products, however, said the demand is not maintainable and it is in the process of preferring an appeal and rectification against the said order.

Zydus Lifesciences, Dr Reddy's Labs: Zydus Life has announced licensing agreement with Dr. Reddy's Laboratories for co-marketing of Pertzumab Biosimilar, a critical drug for breast cancer patients in India. Read more

8:09 AM

Bull market on steroids: June's record-breaking lift post LS result day low

The market’s strong rebound from its lows on election result day has led to a record-breaking 2,425 advancing stocks in June, the highest number ever seen in a single calendar month. This occurred against the backdrop of the S&P BSE Sensex and the National Stock Exchange Nifty rallying nearly 7 per cent each last month, with the Nifty Midcap 100 rising by 7.8 per cent and the Nifty Smallcap 100 by 9.7 per cent.

The previous record for the highest number of advancing stocks was 2,407 in April when the benchmark indices posted modest gains of 1 per cent, but the midcap and smallcap indices surged 11 per cent and 6 per cent, respectively. However, the advance/decline ratio for June came in at 1.26, slightly below April’s 1.28, which was the highest in 12 months. Read more

8:04 AM

Gold price slips Rs 10 to Rs 72,270, Silver declines Rs 100 to Rs 89,900

Gold Price Today: The price of 24-carat gold slipped Rs 10 in early trade on Monday, July 1, with ten grams of the precious metal selling at Rs 72,270, according to the GoodReturns website. The price of silver also declined by Rs 100, with one kilogram of the precious metal selling at Rs 89,900.

The price of 22-carat gold also slipped Rs 10, with the yellow metal trading at Rs 66,240. Read more