Market highlights, July 26: Record close for benchmarks; Sensex soars 1,293 pts, Nifty near 24,850

Stock market highlights, July 26, 2024: In broader indices, the MidCap index outperformed benchmark indices rallying 2.12 per cent while SmallCap settled 1 per cent higher

SI Reporter New Delhi

1:56 PM

SpiceJet share price up 4.5% after SC upholds Delhi HC order favouring co

SpiceJet Supreme Court order: The Supreme Court, today, likely dismissed a petition filed by Kalanidhi Maran against the Delhi High Court's order which quashed the arbitral award in favour of Maran. READ MORE

1:47 PM

ITC Chairman Sanjiv Puri outlines investment of Rs 20,000 cr in medium term

Puri said, "Our confidence in the India story is unwavering and is reflected in your company's investment outlay of about Rs 20,000 crore in the medium term". READ MORE

1:38 PM

SBI Life stock scales new high; up 13% in 3 days on strong Q1 performance

The stock of life insurance company was trading higher for the third straight day, and has rallied 11 per cent after the company reported a strong performance in June quarter (Q1FY25). READ MORE

1:28 PM

ALERT:: Shriram Finance Q1 net surges 18%; stock gains 3%

Shriram Finance today reported 18.2 per cent YoY surge in net profit at Rs 1,981 crore for Q1FY24 as against Rs 1,675 crore in Q1FY24. Total income rose by 20 per cent YoY to Rs 9,605 crore from Rs 8,003 crore.

1:20 PM

ALERT:: Nifty at day's high, up over 350 pts

1:12 PM

LIC share at record high; m-cap hits Rs 7.56 trn post 39% rally in CY24

In the overall m-cap ranking, LIC of India is now the eighth largest listed company in India. It trails Reliance Industries, Tata Consultancy Services, HDFC Bank, ICICI Bank, Bharti Airtel, Infosys, and State Bank of India. READ MORE

1:06 PM

RBI's proposed liquidity norms expected to raise demand for bonds

The Reserve Bank of India's latest draft guidelines aimed at enhancing the liquidity resilience of lenders, amidst an increased use of digital infrastructure, are expected to boost demand for government bonds over the medium term, traders said. READ MORE

12:56 PM

FIIs cash out from equities post Budget 2024 on capital gains tax tweaks

FIIs net sold stocks worth Rs 10,712 crore in the cash market, and index futures worth Rs 10,336 crore in the derivatives segment in the three trading sessions post Budget 2024. READ MORE

12:47 PM

Sun Pharma shares hit 52-week high on USFDA approval for alopecia drug

This came after Sun Pharmaceuticals announced that the US Food and Drug Administration (USFDA) has approved its new drug application for Deuruxolitinib, a new treatment for Alopecia Areata. READ MORE

12:37 PM

ALERT:: Sensex at day's high, up 800 points

12:31 PM

China's ultra-long treasury bonds' use fuels expectations for more stimulus

After unshackling the economy from three years of Covid-19 restrictions, Chinese officials had hoped that stimulating the industrial sector would stabilise the job market. READ MORE

12:19 PM

F&O Watch: Market starts August series with record high OI; bias bullish

Nuvama Alternative & Quantitative Research expects the bullish momentum in the market to continue with sectoral rotation in August derivatives series. READ MORE

12:10 PM

In talks with govt for level playing field on steel imports: Sajjan Jindal

Sajjan Jindal, chairman and managing director for JSW Steel, addressed shareholders at the company's annual general meeting on Friday, highlighting India's growth in steel demand and the challenge of cheaper imports. READ MORE

11:55 AM

Ion Exchange, EMS, Antony Waste zoom up to 35% post Budget. Here's why

Shares of water supply and management and waste management companies continued their upward movement as they rallied up to 16 per cent on the BSE in Friday’s intra-day trade on Budget allocation. Among individual stocks, Ion Exchange rallied 16 per cent to Rs 767, Antony Waste Handling Cell surged 11 per cent to Rs 902.25, followed by EMS (14 per cent) and VA Tech Wabag (6 per cent to Rs 1,405). READ MORE

11:40 AM