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Stock Market Highlights on July 5: Shares of RIL gained 2.58 per cent, helping the Sensex, and Nifty indices recoup losses

BSE, stock market

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		<strong>Closing Bell on Friday, July 5, 2024:</strong> Equity markets settled in the negative zone on Friday, weighed largely by HDFC Bank, Titan Company, Tata Steel, and M&M. Though the benchmarks fell roughly 0.6 per cent in the intraday trade, they ended flat amid a fag-end recovery led by Reliance Industries.</div>
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		The BSE Sensex hit an intraday low of 79,479, before ending at 79,997, down 53 points or 0.07 per cent. Similarly, the Nifty50 hit a low of 24,169 before closing at 24,324, up 21 points or 0.09 per cent.&nbsp;</div>
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		Shares of RIL gained 2.58 per cent, helping the Sensex, and Nifty indices recoup losses. This was followed by SBI (2.5 per cent), NTPC (1.9 per cent), HUL (1.89 per cent), L&T (1.3 per cent), and Nestle India (1.2 per cent).</div>
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		HDFC Bank (down 4.4 per cent), Titan Company, M&M, Tata Steel, and Tata Motors weighed.</div>
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		On the contrary, the BSE MidCap, and SmallCap indices hit record highs in the intraday trade, and closed 0.7 per cent higher each,</div>
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		Sectorally, the Nifty Private Bank, Financial Services, and Bank indices fell 1 per cent each. On the upside, the Nifty FMCG, Pharma, and PSU Bank indices added more than 1 per cent each.</div>
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Market Highlights, July 5: RIL, SBI lead fag-end recovery; benchmarks end flat; HDFC Bank down 4%

Business Standard

Market Highlights, July 5: RIL, SBI lead fag-end recovery; benchmarks end flat; HDFC Bank down 4% | News on Markets - Business Standard

Good morning readers! Catch all the market live updates here

Broader markets :: Mid, SmallCap indices end near record highs

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Sensex Heatmap :: RIL, SBI surge over 2% to help benchmarks trim losses

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Closing Bell :: Nifty ends in green, holds 24,300

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Closing Bell :: Sensex ends sharply off lows aided by RIL

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Bajaj Auto stock up 2% on launch of world's 1st CNG bike; Hero Moto down 3%

In March, Bajaj had said that in CNG bikes, carbon dioxide emission is down by almost 50 per cent, carbon monoxide by 75 per cent, and non-methane hydrocarbons by 90 per cent when compared to gasoline. He had also said it would effectively double mileage or halve the cost of fuel. <a href="https://www.business-standard.com/markets/news/bajaj-auto-stock-up-2-on-launch-of-world-s-1st-cng-bike-hero-moto-down-3-124070500620_1.html" target="_blank"><strong>READ MORE</strong></a>

Divgi TorqTransfer Systems surges 11% on Maha govt's 'mega project' status

Shares of Divgi TorqTransfer Systems zoomed 10.6 per cent at 787.15 per share on the BSE in Friday&#39;s intraday. This came after the company received a letter from the Ministry of Industries. <a href="https://www.business-standard.com/markets/news/divgi-torqtransfer-systems-surges-11-on-maha-govt-s-mega-project-status-124070500519_1.html?1720169965" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="A broker laughs while speaking to a colleague, as they trade on their computer terminals at a stock brokerage firm in Mumbai" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2016-03/02/full/1456909638-8434.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="A broker laughs while speaking to a colleague, as they trade on their computer terminals at a stock brokerage firm in Mumbai" width="620" /></div>

101 BSE stocks now in Rs 1 trillion market cap club; RVNL, MDL new entrants

RVNL, MDL, Samvardhana Motherson International, Cummins and Indus Towers, have joined the elite club in CY24; These stocks have surged up to 174% thus far this year. <a href="https://www.business-standard.com/markets/news/101-bse-stocks-now-in-rs-1-trillion-market-cap-club-rvnl-mdl-new-entrants-124070500477_1.html?1720169470" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="Stock market rally, bull trading, Sensex, nifty" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2021-03/04/full/1614804310-798.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="Stock market rally, bull trading, Sensex, nifty" width="620" /></div>
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Utkarsh Small Fin Bank stock down 3.5% on muted Q1 loan growth sequentially

Utkarsh Small Finance bank reported a 2.7 per cent Q-o-Q rise in gross loan portfolio. <a href="https://www.business-standard.com/markets/news/utkarsh-small-fin-bank-stock-down-3-5-on-muted-q1-loan-growth-sequentially-124070500480_1.html?1720168212" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="Govind Singh, MD &amp; CEO, Utkarsh Small Finance Bank Limited" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-07/10/full/1688987427-6547.jpg" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 600px; height: 450px;" title="Govind Singh, MD &amp; CEO, Utkarsh Small Finance Bank Limited" /></div>

CG Power, K Raheja Corp ink agreement to develop Mumbai land; stock up 8%

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	The developer has to complete the entire construction and development of the &#39;new building&#39;; the company and the developer shall be entitled to an equal share, i.e., 50% in the new building. <a href="https://mybs.in/2dXKRrG" rel="nofollow" target="_blank"><strong>READ MORE</strong></a><br />
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		<img align="" alt="CG Power" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-11/22/full/1700674777-6351.jpg" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 600px; height: 381px;" title="CG Power" /></div>
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Thermax's stock rises 5% after subsidiary wins work order worth Rs 513 cr

Thermax shares zoomed 4.6 per cent at 5287.10 per share on the BSE in Friday&#39;s intraday trade after the company informed the bourses that it has bagged a big work order worth Rs 513 crore. <a href="https://www.business-standard.com/markets/news/thermax-s-stock-rises-5-after-subsidiary-gets-work-order-worth-rs-513-cr-124070500400_1.html?1720165194" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="Thermax opens new unit at SriCity; to manufacture chillers, heat pumps" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2019-01/31/full/1548914354-0616.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="Thermax logo" width="620" /></div>
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This pharma stock has surged 16% on Friday; zoomed over 100% so far in CY24

Shilpa Medicare hit a multi-year high of Rs 672.50, rallied 16% after the company&#39;s CDMO customer reported positive results from pivotal clinical trial &amp; placed binding purchase order. <a href="https://mybs.in/2dXKRqN" rel="nofollow" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="pharma, labs, research, medical, healthcare" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2021-07/30/full/1627626721-7088.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="pharma, labs, research, medical, healthcare" width="620" />
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		Photo: Bloomberg</div>
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Mahindra Lifespace shares rally up to 6% on bagging deals worth Rs 2,050 cr

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	Shares of Mahindra Lifespace Developers zoomed 6.1 per cent at 647.70 per share on the BSE in Friday&#39;s intraday trade. <a href="https://www.business-standard.com/markets/news/mahindra-lifespace-shares-rally-6-after-securing-deals-worth-rs-2-050-cr-124070500341_1.html?1720162247" target="_blank"><strong>READ MORE</strong></a><br />
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		<img align="" alt="Mahindra Lifespaces" class="imgCont" height="465" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-09/11/full/1662915413-4788.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="Mahindra Lifespaces" width="620" /></div>
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Healthcare at new high; Lupin, Glenmark among 5 stocks for up to 15% upside

5 breakout pharma stocks: Glenmark, Lupin, Laurus Labs, Dr Lal PathLabs and Zydus Life can potentially rally up to 15 per cent, suggest charts. <a href="https://www.business-standard.com/markets/news/healthcare-at-new-high-lupin-glenmark-among-5-stocks-for-up-to-15-upside-124070500306_1.html?1720162247" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="healthcare tech" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/article/2024-04/02/full/1712057601-6389.jpg" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 600px; height: 450px;" title="healthcare tech" /></div>
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Nephro Care IPO makes bumper debut on NSE SME; lists at 90% premium

Nephro Care India&#39;s IPO aimed to raise Rs 41.26 crores, consisting solely of fresh issue shares of around 4.58 million shares. The IPO&#39;s price band was set between Rs 85 and Rs 90 per share, with a minimum lot size of 1600 shares requiring an investment of Rs 1,44,000 for retail investors. <a href="https://www.business-standard.com/markets/news/nephro-care-ipo-makes-bumper-debut-on-nse-sme-lists-at-90-premium-124070500263_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/article/2024-05/02/full/1714669756-0508.jpg" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 600px; height: 400px;" title="" /></div>
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BGR Energy locks in 5% upper circuit on plans to raise up to Rs 1,000 cr

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	The uptick in stock price came after BGR Energy Systems Ltd announced that it plans to raise up to Rs 1,000 crore through a rights issue of equity shares. The decision was, however, approved by the company&#39;s board of directors in a meeting held on July 4. <a href="https://www.business-standard.com/markets/news/bgr-energy-locks-in-5-upper-circuit-on-plans-to-raise-up-to-rs-1-000-cr-124070500323_1.html?1720159231" target="_blank"><strong>READ MORE</strong></a><br />
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BEML zooms 18%, hits all-time high in weak market on healthy outlook

BEML has three business verticals. In the financial year 2023-24 (FY24), Defence &amp; Aerospace contributed 19 per cent of the total revenue, Rail Metro contributed 38 per cent, and Mining and Construction contributed 43 per cent. The company has a total order book position of Rs 11,872 crore as on March 31, 2024. <a href="https://www.business-standard.com/markets/news/beml-zooms-18-hits-all-time-high-in-weak-market-on-healthy-outlook-124070500251_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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Analysts positive on new age cos ahead of Q1 FY25 results; Zomato top bet

According to Nuvama, Zomato is expected to post a strong growth in Q1FY25, with expected revenue increasing by 11.5 per cent quarter-on-quarter (Q-o-Q) and a whopping 64.4 per cent year-on-year (Y-o-Y). Specifically, the adjusted revenue from their food delivery business is anticipated to grow by 5.3 per cent Q-o-Q and 23.9 per cent Y-o-Y, while Blinkit, their qCommerce segment, is forecasted to grow 29 per cent Q-o-Q. <a href="https://www.business-standard.com/markets/news/analysts-positive-on-new-age-cos-ahead-of-q1-fy25-results-zomato-top-bet-124070500154_1.html?1720153729" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-12/22/full/1703216622-2358.jpg" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 600px; height: 400px;" title="" /></div>
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RVNL hits fresh 52-week high on inking deal with DMRC; up 68% in 3 months

In an exchange filing, the state-owned company said, &ldquo;RVNL has signed MoU with Delhi Metro Rail Corporation Limited (DMRC) for participation in the upcoming projects in India and abroad as project service provider for metro/ railways/ high speed rail/ highways/ mega bridges/ tunnels/ institutional buildings/ workshops or depots/ S&amp;T works/ Railway electrification.&nbsp; <a href="https://www.business-standard.com/markets/news/rvnl-hits-fresh-52-week-high-on-inking-deal-with-dmrc-up-68-in-3-months-124070500135_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-09/04/full/1662270244-6482.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="" width="620" /></div>
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Broader markets :: SmallCap index holds gains in a weak session

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Sensex Heatmap :: HDFC Bank, M&M drag benchmarks

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Pre-Open Session :: Sensex falls over 250 pts

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Ganesh Green Bharat IPO opens today for bids; price, GMP, lot size here

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	Ganesh Green Bharat initial public offering (IPO) is set to open for subscription on Friday, July 5. The IPO aims to raise Rs 125.23 crores comprising entirely a fresh issue of around 6.59 million shares.</div>
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	The proceeds from the IPO will be used for repaying outstanding borrowings, financing capital expenditures for installing additional plant and machinery at their factory, meeting working capital needs, and addressing general corporate purposes. <a href="https://www.business-standard.com/markets/news/ganesh-green-bharat-ipo-opens-today-for-bids-price-gmp-lot-size-here-124070500102_1.html?1720150058" target="_blank"><strong>Read more</strong></a><br />
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Renewables financier Ireda's high valuation may limit further stock upside

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	State-owned Indian Renewable Energy Development Agency&rsquo;s (Ireda&rsquo;s) chairman and managing director Pradip Kumar Das has announced that the company has requested the government to allow it to carry out a follow-on public offer (FPO) as it will need further equity infusion to maintain the pace of growth.</div>
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	The FPO would aim to raise between Rs 4,000 crore and Rs 5,000 crore. <a href="https://www.business-standard.com/markets/stock-market-news/renewables-financier-ireda-s-high-valuation-may-limit-further-stock-upside-124070400890_1.html" target="_blank"><strong>Read more</strong></a><br />
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		<img align="" alt="CMD,  IREDA, Pradip Kumar Das" class="imgCont" height="400" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-12/05/full/1701776075-6274.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="CMD,  IREDA, Pradip Kumar Das" width="600" /></div>
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Buzzing stocks, July 5: PNB, Zomato, Ircon, Ujjivan SFB, Delhivery, UCO Bk

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	<strong>Ircon:</strong> Indian Railway Construction International (Ircon International) has been awarded a Letter of Acceptance (LoA) for an order from Rail Vikas Nigam (RVNL) worth Rs 751 crore. The project is won by a joint venture between Ircon, Paras Railtech Private, and PCM Strescon Overseas Ventures.</div>
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	<strong>Ujjivan Small Finance Bank (Ujjivan SFB)</strong>: Ujjivan SFB&#39;s June quarter deposits grew 22 per cent Y-o-Y to Rs 32,500 crore, while gross loan book increased 19 per cent to Rs 30,091 crore. CASA ratio improved to 25.6 per cent from 24.6 per cent last year. Besides, its loan disbursements grew marginally to Rs 5,305 crore versus Rs 5,284 in the year-ago period.</div>
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	<strong>Poonawalla Fincorp:</strong> The NBFC&#39;s disbursements rose 5 per cent Y-o-Y to Rs 7,400 crore in Q1FY25 with assets under management rising 52 per cent Y-o-Y to Rs 26,970 crore.</div>
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	<strong>IDBI Bank:</strong> IDBI Bank reported an increase of 13 per cent over the year-ago period in total deposits at Rs 2.77 trillion. Net advances, on the other hand, were up 17 per cent Y-o-Y to Rs 1.94 trillion. IDBI Bank&#39;s CASA deposits at the end of Q1FY25 stood at Rs 1.34 trillion, up up 5 per cent Y-o-Y. <a href="https://www.business-standard.com/markets/news/buzzing-stocks-july-5-pnb-zomato-ircon-ujjivan-sfb-delhivery-uco-bk-124070500084_1.html" target="_blank"><strong>Read more</strong></a></div>

Stocks to Watch, July 5: HDFC Bank, Bajaj Auto, Raymond, VST Ind, RBL Bank

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	Stocks to Watch on Friday, July 5, 2024: Indian equity benchmark indices may consolidate on Friday amid lack of market moving triggers. At 7:50 AM, GIFT Nifty was down 26 points at 24,352 levels.</div>
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	Globally, Nikkei crossed the 41,000-mark to hit an all-time high of 41,100 in the intraday trade. It was up 0.13 per cent. Kospi, meanwhile, was up 0.9 per cent. Chinese, and Australian markets, meanwhile, were in the red zone. <a href="https://www.business-standard.com/markets/news/stocks-to-watch-july-5-hdfc-bank-bajaj-auto-raymond-vst-ind-rbl-bank-124070500079_1.html" target="_blank"><strong>Read more</strong></a><br />
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NSE urges market regulator Sebi to take a 'fresh view' on much-delayed IPO

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	The National Stock Exchange (NSE) has urged the Securities and Exchange Board of India (Sebi) to revisit its stance on allowing the country&rsquo;s largest bourse to go public.</div>
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	In an affidavit submitted to the Delhi High Court&mdash;which is hearing a writ petition filed by People Activism Forum for expediting NSE&#39;s initial public offer (IPO)&mdash;the exchange has stated it has been seven years since it first filed an offer document and more than five years since Sebi returned the application. Hence, a &ldquo;fresh view&rdquo; is required given the latest facts and circumstances for listing its securities. <a href="https://www.business-standard.com/markets/ipo/nse-urges-market-regulator-sebi-to-take-a-fresh-view-on-much-delayed-ipo-124070400674_1.html" target="_blank"><strong>Read more</strong></a><br />
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		<img align="" alt="NSE, national stock exchange, nifty50" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2021-02/25/full/1614199664-3584.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="NSE, national stock exchange, nifty50" width="620" /></div>
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Bull spread on Tata Motors recommends Nandish Shah of HDFC Securities

Long build up is seen in the Tata Motors Futures where we have seen 2 per cent (Prov) rise in Open interest with price rising by 2.31 per cent. Price rise is accompanied by the rise in the volume, suggesting strength in the up move. <a href="https://www.business-standard.com/markets/news/bull-spread-on-tata-motors-recommends-nandish-shah-of-hdfc-securities-124070500054_1.html" target="_blank"><strong>Read more</strong></a><br />
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	<img align="" alt="Tata Motors" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-02/03/full/1675439205-1134.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="Tata Motors" width="620" /></div>
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Market outlook July 05: Nifty eyes 5th weekly gain; SME Nephro Care to list

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	Pre-market update Friday, July 05, 2024:The NSE Nifty 50 is in the process of completing a 5-week winning streak, and has rallied nearly 8 per cent during this period. At present levels, the NSE benchmark index holds a weekly gain of nearly 300 points, to make it fifth in a row.</div>
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	The recent gains are driven by renewed buying interest by foreign investors; hopes of a rate cut in the US and upcoming Union Budget expectations, said analysts. <a href="https://www.business-standard.com/markets/news/market-outlook-july-05-nifty-eyes-5th-weekly-gain-sme-nephro-care-to-list-124070500065_1.html?1720144201" target="_blank"><strong>Read more</strong></a><br />
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Market Highlights, July 5: RIL, SBI lead fag-end recovery; benchmarks end flat; HDFC Bank down 4%

Stock Market Highlights on July 5: Shares of RIL gained 2.58 per cent, helping the Sensex, and Nifty indices recoup losses

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