Stock Market Highlights, July 11: Mid, small-caps outshine Sensex, Nifty; Oil, shipping stocks soar

Stock Market Highlights on Thursday, July 11, 2024: The BSE Sensex ended at session 27 points lower at 79,897, while the Nifty50 closed at 24,316, down 8.5 points

8:44 AM

Sahaj Solar IPO opens today; check price band, GMP, other details here

Renewable energy solutions provider Sahaj Solar IPO opens for subscription today, July 11, 2024. It is a book-built issue aiming to raise Rs 52.56 crore through the issuance of 2.92 million fresh shares. READ MORE 

8:30 AM

Mutual fund equity folio additions surge to record high in June 2024

Net account additions in active equity mutual fund (MF) schemes swelled to a record high of four million in June owing to a spree of new fund launches during the month. Thematic funds alone added nearly two million accounts, shows data from the Association of Mutual Funds in India (Amfi). READ MORE

8:15 AM

Global gold ETFs lose $6.7bn in 2024; worst H1 drop in 11 years: WGC

Global physically backed gold exchange traded funds (ETFs) have lost $6.7 billion in the first half of calendar year 2024 (H1-CY24), suffering their worst first half in a calendar year since 2013, said a recent note by World Gold Council (WGC). Total holdings, the report said, have dropped by 120 tonnes (-3.9 per cent) to 3,105 tonnes during this period. READ MORE

8:02 AM

Milk price rise: Will dairy stocks milk gains for investors? Analysts weigh

Amid rising milk prices, analysts have an optimistic view on India's dairy stocks such as Heritage Foods and Dodla Dairy, aided by hopes of margin expansion in the near-to-medium term. READ MORE

7:52 AM

Big players missing, corp bond issuances drop 36% in Apr-Jun period

Uncertainty over the election outcome and the Union Budget, coupled with the absence of HDFC Ltd, led to a more than one-third decline in corporate bond issuances during the April-June period compared to the previous year. READ MORE

7:41 AM

Stocks to watch, July 11: Yes Bank, Glenmark Pharma, Nykaa, SBI, Tata Elxsi

SBI: State Bank of India raised Rs 10,000 crore at a coupon rate of 7.36 per cent through its sixth infrastructure bond issuance, which was oversubscribed by approximately 3.6 times against the base issue size of Rs 5,000 crore. READ MORE

7:37 AM

Trading guide July 11: Global shares, GIFT Nifty hint positive open; TCS Q1

Equity benchmark indices – the BSE Sensex and the Nifty – are likely to start Thursday’s trading session on a cautiously optimistic note ahead of TCS results. READ MORE

7:32 AM

Ireland pips Mauritius to 4th spot on preferred FPI destinations list

Mauritius, once among the leading destinations for foreign portfolio investors (FPIs) routing funds into India, has now slipped to the fifth position, behind Ireland, in terms of assets under custody (AUC) as of June 30. READ MORE

7:24 AM

India IPO frenzy draws retail investors with quick 57% gains: Report

Retail investors are expected to keep piling into initial public offerings in India this year, as hefty gains for new stocks outpace the broader market and listings abroad. READ MORE

7:22 AM

Jigar S Patel of Anand Rathi recommends buying these three stocks today

Over the past few weeks, Aether has shown a consistent uptrend by forming higher highs and higher lows, which is a positive indicator of its market performance. Recently, Aether has surpassed its previous consolidation range high of 865 and is now trading around 896. READ MORE

7:20 AM

Stocks to buy and sell on July 11: India Cements, GMDC, Marico

Markets fluctuated sharply within a range and ended up losing nearly half a percent, wiping out the gains from Tuesday’s session. After a flat start, Nifty plunged sharply in the early hours but a recovery in select heavyweights helped pare some losses as the day progressed. It eventually settled at 24,324, down by 0.45 per cent. READ MORE

7:19 AM

Profit booking on cards for Nifty Pharma, FMCG; check trading strategy

The Nifty Pharma Index is currently showing a bullish trend on the near-term charts but is approaching a significant resistance level around 20,850. Technical indicators are in the overbought zone, which suggests that profit booking and selling pressure are likely to occur in the coming days. READ MORE

7:15 AM

Brent crude at $85.74 per bbl

7:12 AM

Asian markets buzzing in trade; Nikkei tops 42K for first time

7:11 AM

US markets settle higher