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

4:15 PM

COMMENT:: Markets rally as cooling inflation fuels hope of an end to the policy tightening era

"Indian indices have resumed their rally, following the global market trend, as cooling inflation across the globe gave hopes of an end to the policy tightening era. The latest positive development was the Eurozone's inflation slowing for the third consecutive month in July, coming in at 5.3 per cent, in line with market predictions. Moreover, the euro zone economy grew by 0.3 per cent during the June quarter, according to preliminary estimates, slightly surpassing market expectations."

 

- Vinod Nair, Head of Research at Geojit Financial Services
 

4:13 PM

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. READ MORE

4:11 PM

PowerGrid hits record high as it emerges successful bidder for 2 projects

PowerGrid's board also approved proposal to raise up to Rs 5,700 crore through issuance of bonds on a private placement basis in multiple tranches in 2023-24. READ MORE

4:10 PM

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. READ MORE

4:08 PM

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. READ MORE

4:06 PM

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&P BSE Sensex. READ MORE

4:05 PM

Nazara Tech jumps 4% on strong Q1 results; stock up 20% so far in 2023

In the recently concluded quarter, Nazara's revenue from operations climbed 14 per cent YoY to Rs 254.4 crore. However, a sequential decline of 12 per cent was seen from Rs 289.32 crore in Q4FY23. READ MORE

4:03 PM

Midhani soars 7%, hits 52-week high on order win worth Rs 179 crore

With this, the order booking position for FY 2023-24 (as on date) is Rs 542 crore, Mishra Dhatu Nigam said in a statement. READ MORE

 

4:01 PM

Anup Engg hits record high on strong business outlook; zooms 152% so far in CY23

In Q1FY23, AEL'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. READ MORE

4:00 PM

Five-Star Business Finance zooms nearly 20% in intra-day deals on strong Q1 show

The stock has gained 83 per cent from its IPO price of Rs 474 per share in less than nine months. READ MORE

3:58 PM

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. READ MORE

3:57 PM

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. READ MORE

3:54 PM

Market breadth was fairly positive; Over 2,200 shares advanced vs 1,470-odd declining stocks on the BSE

3:52 PM

Nifty IT index vaults 1.5%; Tech Mahindra, TCS shine

3:51 PM

Nifty Metal index gains 1.8%; Hind Copper soars 11%