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Stock Market LIVE updates, today, July 18, 2024: 
Among sectors, the Nifty IT was up 0.4 per cent, the Nifty Bank, and FMCG were up 0.3 per cent, and the Nifty Financial Services up 0.2 per cent

Stock market rally, bull trading, Sensex, nifty

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				<strong>Closing Bell on Thursday, July 18, 2024:</strong> A sharp surge in the afternoon session on Thursday pushed benchmarks -- BSE Sensex and NSE Nifty -- to record high levels. While the Sensex index topped the 81,000-mark for the first time, the Nifty50 surpassed 24,800 in the intraday trade.</div>
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				The 30-stock Sensex index ended at 81,343, up 627 points or 0.78 per cent, after hitting a record high of 81,522.5. The broader Nifty50, meanwhile, ended at 24,801, up 188 points or 0.76 per cent, after hitting a lifetime peak of 24,838.</div>
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				TCS, Bajaj Finserv, M&M, HUL, Infosys, HCL Tech, Tech M, SBI, Kotak Bank, Bharti Airtel, ITC, and ICICI Bank rallied in the range of 0.7 per cent to 3 per cent.&nbsp;</div>
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				The broader markets, however, stayed in the negative zone with the BSE MidCap and SmallCap indices falling 0.99 per cent and 1.15 per cent, respectivrly.</div>
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				Among sectors, the Nifty IT index gained 2.2 per cent, and ending above the 40,000-mark. This was followed by the Nifty Financial Services index (up 0.57 per cent). On the downside, the Nifty Media index fell 3.57 per cent.</div>
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Stock Market LIVE updates, today, July 18, 2024: 
Among sectors, the Nifty IT was up 0.4 per cent, the Nifty Bank, and FMCG were up 0.3 per cent, and the Nifty Financial Services up 0.2 per cent

Market Highlights, July 18: IT stocks drive benchmarks to record; Sensex tops 81k, Nifty at 24,800

Business Standard

Market Highlights, July 18: IT stocks drive benchmarks to record; Sensex tops 81k, Nifty at 24,800 | News on Markets - Business Standard

US futures :: Index futures stabilise after overnight rout

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Wall Street check :: Nasdaq posts its worst decline since December 2022 overnight

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Global chip stocks from Nvidia to ASML fall

&gt;&gt; Global chip stocks fell sharply, with ASML, Nvidia, and TSMC posting declines amid reports of tighter export restrictions from the US and a ramp-up of geopolitical tensions fueled by comments from former US President Donald Trump.<br />
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&gt;&gt; The moves came after Bloomberg on Wednesday reported that the Biden administration is considering a wide-sweeping rule to clamp down on companies exporting their critical chipmaking equipment to China.<br />
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&gt;&gt;&nbsp;The former president said Taiwan should pay the US for defence, in an interview with <em>Bloomberg Businessweek </em>published Tuesday. He also claimed Taiwan took &#39;about 100%&#39; of America&rsquo;s semiconductor business.<br />
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<em>Source: CNBC</em><br />
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Asian markets :: Indices in sea of red amid tech stocks' slump

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Sensex Heatmap :: IT, Bajaj Finserv, HUL propel benchmarks to new highs

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Closing Bell :: Nifty holds 24,800 at close

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Closing Bell :: Sensex ends above 81,000 for the first time

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Mastek shares drop 4% after margins, profits slide in Q1FY25

The company reported a 2 per cent year on year (YoY) jump in its net profits at Rs 71.5 crore in Q1FY25 as against Rs 70 crore in the corresponding quarter last year. Sequentially, the profit was down by 24.3 per cent, the company said in a statement. <a href="https://www.business-standard.com/markets/news/mastek-shares-drop-4-after-margins-profits-slide-in-q1fy25-results-124071800616_1.html?1721294615" target="_blank"><strong>READ MORE</strong></a><br />
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Newgen Software stock price falls 7% on weak June quarter results

The fall in the stock price came after the company announced a weak set of June quarter of financial year 2025 (Q1FY25) results. <a href="https://www.business-standard.com/markets/news/newgen-software-stock-price-falls-7-on-weak-june-quarter-results-124071800564_1.html?1721293012" target="_blank"><strong>READ MORE</strong></a><br />
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This Dolly Khanna-owned stock has dipped 24% in July thus far

With today&rsquo;s decline, the stock price of specialty chemicals company has slipped 24 per cent from its record high of Rs 2,179 touched on June 28. Prior to that, in 71 days between March 14 and June 28, the market price of Tinna Rubber and Infrastructure had zoomed 276 per cent from Rs 580 on March 14. <a href="http:// https://www.business-standard.com/markets/news/this-dolly-khanna-owned-stock-has-dipped-24-in-july-thus-far-124071800539_1.html?1721291284" target="_blank"><strong>READ MORE</strong></a><br />
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Infosys hits 52-week high ahead of Q1 results; check what street expects

Shares of Infosys, the second biggest domestic information technology (IT) company soared up to 1.90 per cent, hitting their 52-week high at Rs 1,758.60 per share on the BSE. <a href="https://www.business-standard.com/markets/news/infosys-hits-52-week-high-ahead-of-q1-results-check-what-street-expects-124071800547_1.html?1721290534" target="_blank"><strong>READ MORE</strong></a><br />
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MapmyIndia share's 11% fall today has links with Google Maps. Explained

MapmyIndia shares fall 11% today: According to reports, Google has announced its decision to slash the pricing of Google Maps Platform by as much as 70 per cent from August 1, 2024. <a href="https://www.business-standard.com/markets/news/mapmyindia-share-s-11-fall-today-has-links-with-google-maps-explained-124071800506_1.html?1721288733" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="Photo: Bloomberg" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2021-12/09/full/1639053496-2366.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="mapmyindia" width="620" /></div>

ALERT:: Sensex crosses 81,000-mark for the first time; rises over 350 pts

This cement stock has almost doubled from June low; trades at new high

India Cements stock hit a new high of Rs 343.85, surging 6% in an otherwise volatile market. The stock has zoomed 50% since June 25. <a href="https://mybs.in/2dXQT0A" rel="nofollow" target="_blank"><strong>READ MORE</strong></a><br />
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BASF India parent firm to sell flocculants biz to Solenis, stock down 3%

The decline in stock price occurred following the announcement that BASF SE, the parent company, would sell its flocculants business for mining applications to Solenis. <a href="https://www.business-standard.com/markets/news/basf-india-parent-firm-to-sell-flocculants-biz-to-solenis-stock-down-3-124071800401_1.html?1721284231" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="BASF" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-02/24/full/1677225254-295.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="BASF" width="620" /></div>

Aditya Birla Money stock zooms 13%, hits 52-week post strong Q1 results

The shares of Aditya Birla Money surged up to 13.52 per cent, hitting their 52-week high at Rs 188.45 per share on the BSE in Thursday&#39;s early morning deals. This came after the Aditya Birla group company reported a stellar quarterly earnings for the April-June quarter of fiscal year 2024-25 (Q1FY25). <a href="https://www.business-standard.com/markets/news/aditya-birla-money-stock-zooms-13-hits-52-week-post-strong-q1-performance-124071800347_1.html?1721283346" target="_blank"><strong>READ MORE</strong></a><br />
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MTNL stock soars 19% as govt deposits Rs 92 cr to pay bond interest dues

In the past four trading days, the stock has zoomed 50% on reports that the government was considering the option of handing over operations of telecom company to Bharat Sanchar Nigam Limited (BSNL). <a href="https://www.business-standard.com/markets/news/mtnl-surges-19-after-govt-deposits-rs-92-crore-to-clear-bond-interest-dues-124071800272_1.html?1721282392" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="Mahanagar Telephone Nigam, MTNL" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2019-04/02/full/1554226714-316.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="Mahanagar Telephone Nigam, MTNL" width="620" /></div>
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Hi-Tech Pipes zooms 6% on achieving highest ever sales volume in Q1FY25

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	Hi-Tech Pipes shares rally: Shares of Hi-Tech Pipes soared as much as 6.68 per cent to hit an intraday high of Rs 158.90 per share on Thursday.&nbsp;</div>
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	The uptick in the stock price came after the company released its sales volume update for the June quarter of financial year 2025 (Q1FY25). Hi-Tech Pipes Ltd announced that it has achieved the highest sales volume in its history for Q1FY25. <a href="https://www.business-standard.com/markets/news/hi-tech-pipes-zooms-6-on-achieving-highest-ever-sales-volume-in-q1fy25-124071800331_1.html" target="_blank"><strong>Read more</strong></a><br />
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		<img align="" alt="PVC pipes" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2019-03/05/full/1551730634-3802.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="PVC pipes" width="620" /></div>
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Wipro Q1 preview: Cost control to aid profit; top brass attrition in focus

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	Wipro, one of the leading India information technology company is set to report its first quarter financial results for the fiscal year 2024-25 (Q1FY25) on Friday, July 19.&nbsp;</div>
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	The IT major is expected to see a tepid June quarter with revenues estimated to slide on a year on year basis and net profits seeing a marginal rise. That apart, analysts say that there are some positives, too, for Wipro who is seeing continued cost controls and a strong deal pipeline. <a href="https://www.business-standard.com/markets/news/wipro-q1-preview-cost-control-to-aid-profit-top-brass-attrition-in-focus-124071800297_1.html" target="_blank"><strong>Read more</strong></a><br />
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Just Dial zooms 15%; stock hits 9-year high on strong June quarter results

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	Shares of Just Dial hit a 9-year high at Rs 1,189.95, zooming 15 per cent on heavy volumes after the company reported a strong 69 per cent year-on-year (YoY) jump in its net profit at Rs 141.2 crore for the first quarter of fiscal 2025 (Q1FY25). India&rsquo;s leading local search engine company had posted net profit of Rs 83.4 crore in the same quarter last fiscal.</div>
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	The stock surpassed its previous high of Rs 1,162.65 touched on April 30, 2024. It was quoting at its highest level since July 2015. The stock had hit a record high of Rs 1,894.70 on August 5, 2014. <a href="https://www.business-standard.com/markets/news/just-dial-zooms-15-stock-hits-9-year-high-on-strong-june-quarter-results-124071800162_1.html" target="_blank"><strong>Read more</strong></a><br />
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		<img align="" alt="Just dial" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/hp/home-page/2021-07/16/full/1626445823-6779.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="Just dial" width="620" /></div>
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KEC International stock price rallies 6% on Rs 1,100 crore-order win

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	KEC International stock price zooms:Construction engineering company KEC International share price jumped as much as 5.93 per cent to hit an intraday high of Rs 940 per share. The share price rose after the company announced that it has secured an order worth Rs 1,100 crore. <a href="https://www.business-standard.com/markets/news/kec-international-stock-price-rallies-6-on-rs-1-100-crore-order-win-124071800235_1.html?1721279182" target="_blank"><strong>Read more</strong></a><br />
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LTIMindtree stock rises 3%, hits 6-month high on steady Q1 earnings

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	Shares of LTIMindtree hit a six-month high at Rs 5,753.90, gaining 3 per cent on the BSE in Thursday&rsquo;s intra-day deal after the company reported a net profit of Rs 1,135 crore for the first quarter of the current financial year (Q1FY25), down 1.5 per cent year-on-year (YoY).<br />
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	On a sequential basis, the profit grew by 3.1 per cent. Revenue for the June quarter increased 5 per cent YoY at Rs 9,142.6 crore. On a sequential basis, the firm&rsquo;s revenue grew 2.8 per cent. <a href="https://www.business-standard.com/markets/news/ltimindtree-stock-rises-3-hits-6-month-high-on-steady-q1-earnings-124071800208_1.html?1721279116" target="_blank"><strong>Read more</strong></a></div>
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		<img align="" alt="LTIMindtree" class="imgCont" height="400" src="https://bsmedia.business-standard.com/_media/bs/img/article/2024-03/29/full/1711732208-4258.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="LTIMindtree" width="600" /></div>
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ONGC hits 52-week high on commencing production of Coal Bed Methane block

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	Shares of ONGC soared as much as 2.45 per cent to hit a fresh 52-week high of Rs 330.30 per share. The uptick in stock price came after the company announced that it has commenced production from Coal Bed Methane Block (CBM) in Bokaro, Jharkhand. <a href="https://www.business-standard.com/markets/news/ongc-hits-52-week-high-on-commencing-production-coal-bed-methane-block-124071800163_1.html" target="_blank"><strong>Read more</strong></a><br />
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Asian Paints stock falls 4% as brokerages cut target price after weak Q1

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	Paint industry behemoth Asian Paints reported a weak set of numbers in the June quarter of financial year 2025 (Q1FY25). Asian Paints missed Street estimates due to adverse conditions such as a heatwave and elections impacting demand, analysts noted.</div>
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	According to reports, most of the international brokerages have slashed their target prices for Asian Paints stock following the weak performance in Q1FY25. <a href="https://www.business-standard.com/markets/news/asian-paints-stock-falls-4-as-brokerages-cut-target-price-after-weak-q1-124071800160_1.html" target="_blank"><strong>Read more</strong></a><br />
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		<img align="" alt="Higher costs take colour off Asian Paints" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2017-07/26/full/1501090502-8852.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="asian paints" width="620" /></div>
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RVNL, Angel One, Dixon, ITC, SBI: Strategies for Budget 2024 stocks

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	Equity markets have been on a roll post the re-election of Narendra Modi-led National Democratic Alliance (NDA) to power in the national elections in June 2024. The Sensex and Nifty have scaled record high levels, and are up around 15 per cent from the panic low hit on June 04, 2024.</div>
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	One of key factors driving the market rally has been expectations of reforms continuity by the government and strong economic growth. <a href="https://www.business-standard.com/markets/news/rvnl-angel-one-dixon-itc-sbi-strategies-for-budget-2024-stocks-124071800117_1.html" target="_blank"><strong>Read more</strong></a><br />
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Are global financial markets ready for Trump trade? What analysts say

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	<strong>Stock market impact from Donald Trump policies:</strong> From higher import tariffs, trade restrictions with China, possible scrapping of Joe Biden&rsquo;s policies on renewable energy and electric vehicles (EVs), Donald Trump, according to reports, has made his intent clear on what he plans to do in case he gets elected to the White House later this year.</div>
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	As a sign of continuity at the US Federal Reserve (US Fed), however, Trump, reports suggest, wants Jerome Powell to continue till his term ends. <a href="https://www.business-standard.com/markets/news/are-global-financial-markets-ready-for-trump-trade-what-analysts-say-124071800097_1.html" target="_blank"><strong>Read more</strong></a><br />
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		<img align="" alt="Donald Trump, Trump" class="imgCont" height="400" src="https://bsmedia.business-standard.com/_media/bs/img/article/2024-07/16/full/1721118832-1999.JPG" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="Donald Trump, Trump" width="600" /></div>
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All sectors in red except Nifty IT and PSU Bank

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LTIMindtree, Apollo Hospitals gain on NSE

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Asian Paints, Tata Steel lead losses on Sensex

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Opening bell: Nifty 50 above 22,550, slips marginally

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Opening bell: Sensex slides 140 points to 80,573

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Stocks to watch, July 18: Infosys, RIL, Vi, LTIM, Asian Paints, Paytm

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	<strong>Asian Paints:</strong>Asian Paints reported a 24.6 per cent decline in net profit to Rs 1,186.8 crore for Q1FY25, with revenue decreasing 2.3 per cent to Rs 8,969.7 crore. Earnings before interest, taxes, depreciation and amortisation (Ebitda) dropped 20.2 per cent to Rs 1,693.8 crore, resulting in a margin decrease to 18.9 per cent from 23.1 per cent on a year-on-year (Y-o-Y) basis.</div>
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	<strong>LTIMindtree</strong>: LTIMindtree&#39;s Q1FY25 consolidated results showed a 3.1 per cent increase in net profit to Rs 1,135.1 crore, supported by a 2.8 per cent rise in revenue to Rs 9,142.6 crore. Ebit grew 4.8 per cent to Rs 1,370.9 crore, expanding the margin to 15 per cent from 14.7 per cent. <a href="https://www.business-standard.com/markets/news/stocks-to-watch-july-18-infosys-ril-vi-ltim-asian-paints-paytm-124071800072_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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Lauras Labs, Strides Pharma: Top picks by Vinay Rajani to buy on July 18

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	<strong>Buy Strides Pharma(CMP: 942): | Targets Rs 1045,1090 | Stop-loss Rs 870</strong></div>
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	Stock price has broken out from downward sloping trend line on the monthly chart. Price rise was accompanied by healthy volumes. Stock price has been trading above all important moving averages, indicating bullish trend on all time frames. Indicators and oscillators have turned bullish on weekly and monthly charts. <a href="https://www.business-standard.com/markets/news/lauras-labs-strides-pharma-top-picks-by-vinay-rajani-to-buy-on-july-18-124071800059_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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Sensex, Nifty outlook July 18: GIFT Nifty up marginally; Nikkei falls 2%

The Nifty hit a new all-time high of 24,661 on Tuesday, July 16. The 24,600 Strike saw heavy put writing but the 24,650 &amp; 24,700 strikes saw call writing. The Nifty has made consecutive doji candles on the daily chart signaling indecision. Both the call &amp; put writers battled out at the 24,600 Strike in the Nifty and the option activity at this strike will provide cues about Nifty&rsquo;s direction ahead of the weekly expiry on Thursday. <a href="https://www.business-standard.com/markets/news/sensex-nifty-outlook-july-18-gift-nifty-up-marginally-nikkei-falls-2-124071800067_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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Market Highlights, July 18: IT stocks drive benchmarks to record; Sensex tops 81k, Nifty at 24,800

Stock Market Highlights, today, July 18, 2024: The Sensex index ended at 81,343, up 627 points, while Nifty ended at 24,801, up 188 points

US futures :: Index futures stabilise after overnight rout

Wall Street check :: Nasdaq posts its worst decline since December 2022 overnight

Global chip stocks from Nvidia to ASML fall

Asian markets :: Indices in sea of red amid tech stocks' slump

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