Stock Market Highlights, July 19: Sensex tanks 739 pts, Nifty gives up 24,550 ahead of Budget week

Stock Market Highlights on Friday, July 19, 2024: The selling in the broader market was even steeper with the BSE MidCap and SmallCap indices falling 2.2 per cent each

SI Reporter New Delhi

Stock Market Highlights, July 19: Sensex tanks 739 pts, Nifty gives up 24,550 ahead of Budget week

10:55 AM

This Radhakishan Damani-owned stock has zoomed 16% on bonus issue plan

Shares of VST Industries (VST) hit a 52-week high of Rs 4,784.45, as they rallied 16 per cent on Friday, recording its sharpest intra-day rally in recent past after the company announced a maiden bonus issue plan. READ MORE

10:44 AM

Asia stocks dip as geopolitical uncertainty adds headwinds fro investors

Asian shares are set to end the week on a sour note, as uncertainty across the geopolitical landscape and in major economies added to headwinds for investors even as the global rate easing cycle gets under way. READ MORE

10:31 AM

Sanstar IPO opens today; check price band, GMP, should you subscribe?

Sanstar Limited IPO will launch its initial public offering (IPO) today, July 19, 2024, aiming to raise Rs 510.15 crores through a book built issue. READ MORE

10:14 AM

Nifty FMCG in overbought zone; should you lock gains to skip downside?

The Nifty FMCG Index is currently in an overbought zone on the charts, despite the overall bullish trend. This positioning suggests that the index may be due for a period of profit booking in the near term. READ MORE

The Nifty FMCG index has remained nearly flat, registering just a 0.3 per cent increase since the start of the 2024 calendar year. As of Wednesday, the FMCG index closed at 57,177.6, compared to 56,987.2 at the end of December 2023.

10:07 AM

New Listing :: Sahaj Solar lists at Rs 342 vs issue price of Rs 180

10:05 AM

SpiceJet gains 5% on fresh capital raising plan; stock up 12% in 4 days

Shares of SpiceJet gained 5 per cent at Rs 58.27 on the BSE in Friday’s intra-day trade in an otherwise subdued market after the airline firm said its board will meet on July 23 to consider raising fresh capital including qualified institutional placement (QIP). In the past four trading days the stock has rallied 12 per cent. READ MORE

9:55 AM

HUL Q1 preview: FMCG major may see volume-led growth in June quarter

Fast moving consumer goods (FMCG) major, Hindustan Unilever (HUL) is set to announce its financial results for the June quarter of fiscal year 2025 (Q1FY25) on July 23, 2024. READ MORE

9:46 AM

Infosys stock best IT bet post Q1, say analysts; target price increased

The second biggest domestic information technology firm registered a 7.1 per cent year-on-year (Y-o-Y) rise in net profit at Rs 6,368 crore for the quarter under review, which was above Bloomberg’s estimate of Rs 6,248 crore. However, sequentially, net profit dropped by 20.4 per cent. READ MORE

9:28 AM

India in early stages of equity cult; budget eyed for populism: Chris Wood

Despite the rally in equities over the last few years, India, according to Christopher Wood, global head of equity strategy at Jefferies, is still in early stages of an equity cult. READ MORE