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

9:09 AM

Pre-Open Session :: Sensex rises 200 pts

9:03 AM

Currency check :: Rupee opens at 83.63/$ vs Thursday's close of 83.65/$

8:57 AM

Milky Mist gears up for Rs 2,000 cr IPO at a valuation of Rs 20,000 cr

"We are exploring the timings and other activities. Our financials and product marketing are well set. Any of the IPO process will take ten to twelve months. We are planning to raise around Rs 1,500-2,000 crore," said K Rathnam, chief executive officer of Milky Mist Dairy. READ MORE

8:51 AM

Multiple triggers ahead for affordable housing finance companies

AHFCs and HFCs have also been increasing exposure in other mortgage segments (loan against property, developer loans among others). Investor interest in AHFCs has increased, given expectations of measures in the Budget to boost the affordable housing market as well as the growth trajectory. READ MORE

8:45 AM

ALERT :: SpiceJet to raise funds via QIP; Board meeting on July 23

8:37 AM

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

FMCG Index
Investors and traders should be cautious at these levels and consider locking in gains to avoid potential downside risks associated with the overbought conditions. Fresh investments should be considered only when the index corrects to the aforementioned support levels, ensuring a better risk-reward ratio. By waiting for the pullback, traders can re-enter positions at more favorable prices, thereby maximizing potential gains while minimizing risk. READ MORE

 

8:32 AM

F&O Call :: Bull spread on Nifty Financial

>> Short covering is seen in the Nifty Financial Futures on Thursday, where Open Interest fell by 4 per cent (Prov) with it rising by 0.57 per cent
 

>> Nifty Financial has broken out on the daily chart, where it closes at highest level since 04-July-2024. READ MORE

8:25 AM

Domestic brokerage Prabhudas Lilladher ups Nifty target to 26,398

Domestic brokerage Prabhudas Lilladher (PL) has upped its 12-month forward target for the benchmark Nifty to 26,398 from 25,816 a month ago. READ MORE

8:19 AM

HDFC Bank Q1 preview: Muted loan, deposit growth to hit profit, margin QoQ

Private lender HDFC Bank is scheduled to report the quarterly results for the April to June quarter (Q1) of the current financial year 2024-25 (FY25) on Saturday, July 20, 2024. READ MORE

8:13 AM

Wipro Q1 preview: Cost control to aid profit; top brass attrition in focus

Wipro, one of the leading India information technology (IT) company is set to report its first quarter financial results for the fiscal year 2024-25 (Q1FY25) on Friday, July 19. READ MORE

8:08 AM

Stocks to watch, July 19: Infosys, RIL, Vi, LTTS, Tata Consumer, DRL, CEAT

Infosys: Profit down 20.1 per cent to Rs 6,368 crore (Q-o-Q). Other income drops 72 per cent to Rs 733 crore; Revenue grows 3.7 per cent to Rs 39,315 crore. Ebit increases 8.8 per cent to Rs 8,288 crore; Margin expands to 21.1 per cent. The company also raised FY25 revenue growth forecast to 3-4 per cent. READ MORE

8:06 AM

Infosys ADR rallies 9% following strong Q1FY25 performance

8:04 AM

Market outlook July 19: Nifty eyes 25,000, but global mood down; key levels

Following yesterday’s bullish momentum, the market participants are now hopeful that the Nifty may scale the 25,000-mark milestone ahead of the Union Budget 2024, which is due on Tuesday. READ MORE

8:01 AM

Brent crude at $84.54 per bbl

7:58 AM

Asia-Pacific markets fall; Kospi slips 1.3%