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Closing Bell on July 31: NTPC, Power Grid, Tata Steel, TCS, Tech M, JSW Steel, Maruti Suzuki, Tata Motors, Wipro, Bajaj Finserv, Infosys, HCL Tech, and IndusInd Bank were the top gainers

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	<strong>Stock market highlights:</strong> Benchmark indices gained on Monday, lifted by an upbeat global mood. The S&P BSE Sensex advanced 367 points, or 0.56 per cent, to settle at 66,528 levels. The Nifty50, meanwhile, reclaimed the 19,750-mark to end at 19,754 levels, up 108 points or 0.55 per cent.</div>
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	NTPC, Power Grid, Tata Steel, TCS, Tech M, JSW Steel, Maruti Suzuki, Tata Motors, Wipro, Bajaj Finserv, Infosys, HCL Tech, and IndusInd Bank were the top gainers on the 30-pack index, gaining between 1 per cent and 4 per cent. On the downside, Kotak Bank, Bajaj Finance, HUL, Bharti Airtel, ITC, and Asian Paints were the top laggards, down up to 1.2 per cent.</div>
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	The broader markets outshone the frontline indices, with the BSE MidCap and SmallCap indices advancing 0.86 per cent and 1.31 per cent, respectively.&nbsp;</div>
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	Among sectors, the Nifty Metal index added 1.58 per cent, followed by the Nifty IT index (up 1.44 per cent). On the contrary, the Nifty FMCG index slipped 0.67 per cent.&nbsp;</div>

Sensex up 367 pts, Nifty holds 19,750; metal, IT stocks shine; FMCGs slide

Business Standard

Sensex up 367 pts, Nifty holds 19,750; metal, IT stocks shine; FMCGs slide | News on Markets - Business Standard

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Shanghai Composite rises 1% ahead of PMI data for manufacturing, non-manufacturing

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Hong Kong's Hang Seng index jumps 2% in early trade

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Japanese markets pop 1% in Monday's early deals

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S&P 200 up 0.1% ahead of Reserve Bank of Australia's interest rate decision

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Good morning, readers! Stay tuned for live updates with Business Standard

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Stock of this smallcap industrial products company has zoomed 90% in July

Lloyds Steels Industries hit a record high of Rs 46.17, and was locked at the 20 per cent upper circuit on the BSE backed by heavy volumes. <a href="https://www.business-standard.com/markets/news/stock-of-this-smallcap-industrial-products-company-has-zoomed-90-in-july-123073100174_1.html?1690780871" target="_blank"><strong>READ MORE</strong></a><br />
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ACC hits 5-month high, rallies 14% in 6 days on robust Q1 results

Management expects Ebitda growth to sustain with further improvement expected due to various efficiency and operational initiatives. <a href="https://www.business-standard.com/markets/news/acc-hits-5-month-high-rallies-14-in-6-days-on-robust-q1-results-123073100225_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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Welspun India surges over 9%, hits 52-week high on 7x YoY jump in Q1 PAT

So far this calendar year 2023 (CY23), the stock has rallied over 45 per cent, as against an 8 per cent jump in the S&amp;P BSE Sensex. <a href="https://www.business-standard.com/markets/news/welspun-india-soars-13-hit-52-week-high-on-7x-yoy-jump-q1-pat-123073100383_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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Power Mech soars 10% on securing mega mine development contract from SAIL

The company has bagged a Mine Development and Operation (MD) project for an estimated value of Rs 30,438 crore from SAIL, and the duration of the contract is 28 years. <a href="https://www.business-standard.com/markets/news/power-mech-zooms-20-on-securing-mega-mine-development-contract-from-sail-123073100127_1.html?1690776714" target="_blank"><strong>READ MORE</strong></a><br />
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Jet Airways shares hit 5% upper limit as DCGA renews its air operator certificate

The stock was locked in the 5 per cent upper circuit at Rs 50.80 on the BSE as Jalan-Kalrock Consortium received renewed permit to fly the airline. <a href="https://www.business-standard.com/markets/news/jet-airways-shares-bolt-5-as-dcga-renews-its-air-operator-certificate-123073100247_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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CLOSING BELL:: NSE Nifty50 rallies 108 points to 19,754

CLOSING BELL:: S&P BSE benchmark endsd 367 points higher at 66,528

BSE SmallCap index hits fresh high; eyes 35,000 after surging 28% in FY24

Around 40 stocks on the BSE SmallCap index scaled new record highs, including The Anup Engineering, Bector Food, Cholamandalam Fin, CMS Info, CreditAccess Grameen, RPG Life, Escorts, Inox Green. <a href="https://www.business-standard.com/markets/news/bse-smallcap-index-at-fresh-high-eyes-35k-after-surging-28-in-fy24-123073100364_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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Anup Engg at new high on strong business outlook; zooms 152% so far in CY23

In Q1FY23, AEL&#39;s PAT jumped nearly four-fold to Rs 18.6 crore from Rs 5.2 crore, on account of strong revenue growth and improvement in margins. <a href="https://www.business-standard.com/markets/news/anup-engg-at-new-high-on-strong-business-outlook-zooms-152-so-far-in-cy23-123073100320_1.html?1690791271" target="_blank"><strong>READ MORE</strong></a><br />
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ACC hits 5-month high; rallies 14% in 6 days on robust Q1 results

Management expects Ebitda growth to sustain with further improvement expected due to various efficiency and operational initiatives. The volume during the quarter under review increased by 23.2 per cent YoY at 9.4 MioT supported by increase in blended cement and improvement in efficiency parameters. The company said it maintained market leadership across key markets. <a href="https://www.business-standard.com/markets/news/acc-hits-5-month-high-rallies-14-in-6-days-on-robust-q1-results-123073100225_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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Over 75% pharma stocks eye breakout; most may see up to 15% upside

Nifty Pharm index clinched to a new historic peak in the recent sessions, triggering fresh breakouts in several of its constituents. Reddy laboratories, Torrent Pharmaceuticals, Zydus Lifesciences ,Sun Pharmaceutical Industries, Alkem Laboratories, Cipla, and Abbott India firmly claimed new territories hitting fresh all-time highs. <a href="https://www.business-standard.com/markets/news/over-75-pharma-stocks-eye-breakout-most-may-see-up-to-15-upside-123073100199_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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UBS 'double upgrades' Gail India to buy; sees 25% upside in the stock

UBS has &lsquo;double upgraded&rsquo; Gail (India) to &lsquo;buy&rsquo; from its earlier &lsquo;sell&rsquo; recommendation with a price target of Rs 150 (Rs 80 earlier). The research and brokerage house believes that the markets are yet to fully price in the upside to realised tariffs (from tariff integration), as well as the scope of India&#39;s improving gas demand and GAIL&#39;s pipeline expansion. <a href="https://www.business-standard.com/markets/news/ubs-double-upgrades-gail-india-to-buy-sees-25-upside-in-the-stock-123073100180_1.html" target="_blank"><strong>READ</strong><br />
<img alt="GAIL" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-03/27/full/1679906879-6815.jpg?im=FeatureCrop,size=(826,465)" style="width: 600px; height: 338px;" /></a>

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	Shares of Lloyds Steels Industries hit a record high of Rs 44.74, as they rallied 16 per cent on the BSE in Monday&rsquo;s intraday trade amid heavy volume. The stock of industrial products company quoted higher for the third straight day, surging 35 per cent during the period. Thus far in the month of July, it zoomed 90 per cent, as compared to 2 per cent rise in the S&amp;P BSE Sensex. <a href="https://www.business-standard.com/markets/news/stock-of-this-smallcap-industrial-products-company-has-zoomed-90-in-july-123073100174_1.html" target="_blank"><strong>READ</strong><br />
	<img alt="steel" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-04/07/full/1649347217-74.jpg?im=FeatureCrop,size=(826,465)" style="height: 338px; width: 600px;" /></a></div>

Five-Star Business Finance zooms nearly 20% on strong Q1 show

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	Shares of Five-Star Business Finance almost hit the 20 per cent upper circuit on the BSE in intra-day deals on Monday after the company posted strong Q1 earnings.</div>
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	At 10:00 AM, the stock was trading 7.3 per cent higher at Rs 777 on volume of around 38,000 shares on the BSE as against the two-week average traded volume of around 15,000 shares. Meanwhile, the S&amp;P BSE Sensex quoted at 66,190 - up 0.1 per cent. <a href="https://www.business-standard.com/markets/news/five-star-business-finance-zooms-nearly-20-on-strong-q1-show-123073100169_1.html" target="_blank"><strong>READ</strong><br />
	<img alt="Stock market rally, bull trading, Sensex, nifty" src="https://bsmedia.business-standard.com/_media/bs/img/article/2021-03/04/full/1614804310-798.jpg?im=FeatureCrop,size=(826,465)" style="height: 338px; width: 600px;" /></a></div>

Power Grid hits record high as it emerges successful bidder for 2 projects

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	Shares of Power Grid Corporation gained 3 per cent to hit a record high of Rs 264.8 in Monday&rsquo;s intra-day trade after the company was declared as a successful bidder under Tariff Based Competitive Bidding (TBCB) for two projects. <a href="https://www.business-standard.com/markets/news/power-grid-at-record-high-up-3-after-declares-successful-bidder-under-tbcb-123073100149_1.html" target="_blank"><strong>READ</strong><br />
	<img alt="Power grid, discom" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-09/27/full/1664285896-8259.jpg?im=FeatureCrop,size=(826,465)" style="height: 338px; width: 600px;" /></a></div>

Power Mech zooms 20% on securing mega mine development contract from SAIL

<div>
	The company has bagged a Mine Development and Operation (MD) project for an estimated value of Rs 30,438 crore from SAIL, and the duration of the contract is 28 years. <a href="https://www.business-standard.com/markets/news/power-mech-zooms-20-on-securing-mega-mine-development-contract-from-sail-123073100127_1.html" target="_blank"><strong>READ</strong><br />
	<img alt="Metals and Mining" src="https://bsmedia.business-standard.com/_media/bs/img/article/2021-11/17/full/1637170911-668.jpg?im=FeatureCrop,size=(826,465)" style="height: 338px; width: 600px;" /></a></div>

Piramal Enterprises tumbles 5% as net profit drops 94% YoY in June quarter

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Metal index leaps over 1%; FMCG pack slips most

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Power Grid, JSW Steel, NTPC lead winners on Nifty

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HDFC Life, Apollo, Britannia top Nifty drags

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HEATMAP: Asian Paints, Sun Pharma lead losses on Sensex

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OPENING BELL: Nifty inches down to 19,600

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Indian rupee opens at 82.22/$ as against previous close of 82.25/$

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Stocks to Watch today, July 31: Adani Green, Maruti, Power Grid, NTPC, PEL

Stocks to Watch on Monday, July 31: Adani Green, Adani Transmission, GAIL India, Go Fashion (India), and Maruti Suzuki are among top companies due to report their Q1FY24 earnings today. <a href="https://www.business-standard.com/markets/news/stocks-to-watch-today-july-31-adani-green-maruti-power-grid-ntpc-pel-123073100074_1.html?1690773772" target="_blank"><strong>READ MORE</strong></a><br />
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ALERT | China's factory activity contracts for fourth straight month

&gt;&gt; The official manufacturing purchasing managers index came in at 49.3, higher than June&rsquo;s figure of 49
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	&gt;&gt; The PMI for non-manufacturing activity came in at 51.5, a slower rate of expansion compared to the 53.2 in June</div>

Street Signs: Markets enter bullpen, SBFC Finance GMP at over 60% & more

The National Stock Exchange has revised upward the penalties against those pumping excessive order messages, known as &#39;noise creators&#39; in industry patois.<a href="https://www.business-standard.com/markets/news/street-signs-markets-enter-bullpen-sbfc-finance-gmp-at-over-60-more-123073000356_1.html?1690772578" target="_blank"><strong> READ MORE</strong></a><br />
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Maruti Q1 revenue likely to be flat QoQ; high RM costs may contract margins

On the bourses, shares of Maruti Suzuki surged 16 per cent so far this calendar year (CY23), as against a 9 per cent jump in the S&amp;P BSE Sensex. <a href="https://www.business-standard.com/markets/news/maruti-q1-revenue-likely-to-be-flat-qoq-high-rm-costs-may-contract-margins-123072800214_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="Maruti Suzuki" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-05/01/full/1651423366-0429.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="Maruti Suzuki" width="620" /></div>
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WATCH VIDEO | Are the markets entering a consolidation phase?

Last week, US Fed hiked rate by 25 bps, taking benchmark borrowing costs to the highest level in over 22 years. But it did not provide any clarity markets were looking for on the rate hike trajectory.<br />
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<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="428" scrolling="no" src="https://www.youtube.com/embed/68bMM-S9oC0" title="Are the markets entering a consolidation phase?" width="600"></iframe>

Equity valuations once again on the rise even as profit moderates

A steady rise in the valuation has been largely due to higher stock prices, and not because of faster growth in corporate earnings. <a href="https://www.business-standard.com/markets/news/equity-valuations-once-again-on-the-rise-in-india-as-earnings-moderate-123073000591_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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Trend bullish for Nifty50, Bank Nifty indices; buy near support levels

Nifty50 and Bank Nifty indices crucial support (immediate) at 19,575 and 45,236; should be bought as the overall trend remains bullish, says Ravi Nathani. <a href="https://www.business-standard.com/markets/news/trend-bullish-for-nifty50-bank-nifty-indices-buy-near-support-levels-123073100063_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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FIIs sold equities worth Rs 1,024 crore on Friday, July 28

Gift Nifty signals a quiet start on Monday

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US 10-year bond yield gains marginally after BoJ tweaks yield curve policy

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Sensex up 367 pts, Nifty holds 19,750; metal, IT stocks shine; FMCGs slide

Closing Bell on July 31: NTPC, Power Grid, Tata Steel, TCS, Tech M, JSW Steel, Maruti Suzuki, Tata Motors, Wipro, Bajaj Finserv, Infosys, HCL Tech, and IndusInd Bank were the top gainers

US dollar index steady above 101-mark

Shanghai Composite rises 1% ahead of PMI data for manufacturing, non-manufacturing

Hong Kong's Hang Seng index jumps 2% in early trade

Brent Crude hovers around $84 per barrel

Japanese markets pop 1% in Monday's early deals

S&P 200 up 0.1% ahead of Reserve Bank of Australia's interest rate decision

US markets edge higher in Friday's deals

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