Market News
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Market Pulse: Key triggers to watch before the July 10 trading session
Friday is expected to be an eventful session for Indian markets, with investors set to react to TCS' June quarter earnings. Market participants will also track the impact of Apollo Micro Systems' ₹1,550-crore acquisition of a 41.33% stake in Premier Explosives.On the global front, US markets traded higher, supported by gains in semiconductor stocks and lower oil prices, although renewed tensions between Washington and Tehran kept investors cautious. Traders will also monitor the impact of lower-than-expected US jobless claims and June existing home sales data on sentiment.
Market Pulse: Key triggers to watch before the July 8 trading session
Indian investors will track the continuing attacks on tankers by Iranian forces, which are increasing concerns among shipowners. Oil marketing companies, including Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation, may remain on investors’ radar amid developments in crude markets. Also, the government has decided to exercise the entire green shoe option in the Cochin Shipyard Offer for Sale (OFS) after strong investor response on the first day. Further, US markets are trading higher as investors rotate away from artificial intelligence-linked stocks. Oil prices remain in focus after vessel attacks in the Persian Gulf, with potential supply concerns keeping crude markets under watch.
Dixon Tech, Coforge, 8 other stocks among Motilal’s non-Nifty ideas ahead of Q1 results
Motilal Oswal has identified ten non-Nifty stocks for investors ahead of quarterly earnings. The brokerage anticipates healthy revenue growth across various market capitalizations. TVS Motor and Dixon Technologies are among the top picks with significant upside potential. Radico Khaitan and Indian Hotels Company also show promising revenue growth prospects. Coforge and Kirloskar Oil Engines are also highlighted for their future performance.
Stocks in news: RIL, Trent, Titan, Cochin Shipyard, Nestle, Indian Oil
Markets extended their winning streak on Monday, supported by encouraging quarterly business updates. Reliance Industries received an administrative warning from Sebi regarding insider trading allegations. Trent and Titan reported strong revenue growth in their respective June quarter results. The government will sell a stake in Cochin Shipyard through an offer for sale. Nestle announced the establishment of a new Global Capability Center in Hyderabad.
Hot Stocks: 3 stocks that may give returns between 16-24%
Brokerages initiated coverage on three Indian companies with positive ratings. Kirloskar Oil Engines has a price target implying a twenty-four percent upside. APL Apollo Tubes is seen as a strong play in building materials. Union Bank of India offers a sixteen percent potential return. These recommendations suggest significant future growth prospects for the firms.
Dalal Street also smokes peace pipe, ends in green for 4th week in row
Indian stock markets concluded their fourth consecutive week of gains, buoyed by declining crude oil prices and improved geopolitical sentiment. Analysts anticipate further upward movement for the Nifty 50, with upcoming quarterly earnings reports expected to guide market direction. Sectoral strength was observed in Realty, Pharma, Healthcare, and Cement, while broader market indices showed mixed performance. Foreign investors were net buyers, contrasting with domestic institutional selling.
Sensex jumps over 500 points, Nifty tops 24,150 as oil slips below $70/bbl on US-Iran peace talks
Indian stock markets saw a second day of gains, with Sensex and Nifty inching up as oil prices plummeted to $70 a barrel amid US-Iran peace talks. Tech stocks like Infosys led the charge, while broader markets also traded higher. Analysts point to falling crude, strong auto sales, and tapering FII selling as positive near-term drivers, though monsoon progress remains a watch point.
Top Gainers & losers on 1 July: Reliance Power, Delhivery, Eternal, Paytm, MCX, Dabur India among top gainers
The Indian stock market opened positively in July, led by strong buying in realty, FMCG, and auto stocks, with Nifty 50 at 24,005 and Sensex at 76,873. However, IT and metal sectors saw declines as geopolitical tensions impacted crude oil prices.
Rajesh Palviya of Axis Sec suggests JSW Infrastructure, Ind-Swift Laboratories, Welspun Living shares to buy next week
The Indian stock market will remain closed on June 26 for the Muharram holiday. Benchmark indices extended their winning streak ahead of the holiday, with Nifty 50 closing at 24,056 and Sensex at 77,100.47, boosted by easing crude oil prices and supportive measures for the rupee.
Ruchit Jain of Motilal Oswal suggests AXIS Bank, Genus Power shares to buy for the short term
Indian equity benchmarks surged today, driven by falling crude oil prices and supportive comments from the RBI Governor. The Nifty 50 rose 0.95%, while the BSE Sensex gained 1.27%. However, the broader market remained weak, with smallcap and midcap indices declining.
NLC India inks MoU with Indian Oil Corporation
NLC India has signed a memorandum of understanding (MoU) with Indian Oil Corporation (IOCL) for the formation of a joint venture for the establishment of renewable energy power projects in Tamil Nadu.
NLC India, Indian Oil Corporation partner up for large-scale green energy projects
State-run NLC India Limited (NLCIL) has partnered with Indian Oil Corporation Limited (IOC) to form a joint venture focused on developing large-scale green energy projects in Tamil Nadu. This collaboration, formalized by a Memorandum of Understanding, aims to advance renewable energy initiatives including solar, wind, and storage solutions. The partnership signifies a strategic move for NLCIL's diversification into clean energy and contributes to India's sustainable development goals.