Chris Wealth Management

The rupee remained confined to a narrow and tight range between 82.00 and 82.08. It appeared that the rupee had already factored in the impact of recent dollar volatility following the Federal Reserve's policy decisions. The capital market also traded within a limited range, providing minimal signals or triggers for the rupee. Market participants are eagerly awaiting key data releases such as Consumer Price Index (CPI) and Non-Farm Payrolls (NFP) data in the upcoming weeks, as these indicators are closely monitored by global central banks. Until there is further clarity on the data-specific approach, the rupee is expected to continue trading within the range of 81.75 to 82.25.

European shares open lower, Siemens Energy plunges

Lupin launches Rufinamide Oral suspension in the United States

Shares of Eros International Media hit a 20% lower circuit on the BSE in Thursday’s trade after the Securities and Exchange Board of India (SEBI) barred Eros International, Eros Worldwide, and Eros Digital from the securities market until further orders.

BPCL in talks with Rosneft to buy oil priced on Dubai benchmark -sources

Gujarat Alkalies and Chemicals achieves commercial production of Hydrazine Hydrate.

What is CNX NIFTY

European stocks slide at open, before rate decisions

Venus Remedies gets approval to market Meropenem in Spain

Antique on Paradeep Phosphate: Initiate Buy; Has one of the strongest business models in the phosphatic fertilizer space

The Indian market opened cautiously due to weak global cues, with heightened concerns over the Chinese economy following their decision to cut interest rates after a 10-month pause. Global worries were amplified by concerns of a possible rate hike by the US Fed in its July meeting, with investors eagerly awaiting Powell’s testimony. However, the indices managed to recover smartly, led by upside in IT and Auto stocks.

Closing Bell: Sensex recovers 526 pts from day’s low, ends 159 pts higher; Nifty above 18,800; Saregama surges 10%, TaMo 3%

Nasdaq to transfer European power business to EEX bourse

BEL gets orders worth Rs 5900 crore in FY24 so far

Innovators Facade Systems receives work orders for Design, Supply, Fabrication and Installation of Façade Work for The Prestige - Tower D, Mumbai of Rs 29.73 approx & IKEA GMP Project, Gurgaon of Rs 97.84 approx. excluding taxes; stok surges 10%

Dynacons receives order worth Rs 79.47 crore from Union Bank of India for Hyper-Converged Infrastructure and Software Solution for Bank's on-premises private cloud.

European stocks weaken at open

What is Index

Manappuram Finance grants approval to apply for right issue of unit Asirvad Micro Finance. Co entitled to apply for shares worth up to Rs 146 crore at Rs 364/share

Tokyo's Nikkei index ends slightly higher

Yes Bank to consider borrowing/raising funds in Indian/foreign currency by issue of debt securities

On the upper end of the price band, the issue is valued at a P/E of 24.0x based on FY2022 earnings which we feel is richly valued. It is also interesting to note that Rs. 330 crores of the issue size is an OFS. In terms of listing gains, we recommend an “Avoid” rating for the issue . Following a moderation in valuation going forward, we will revisit the company to take a long term perspective on the business.

NBCC (India) awarded work order worth Rs 50.67 crore

IndiGo hits 52-week high in morning trade after order for 500 Airbus A320 Family aircraft.

Sensex falls 300 pts; HDFC twins, ICICI Bank contributes most to its losses

Jefferies initiated coverage on J.B.Chemicals & Pharmaceuticals with a target price of Rs 2680. The global investment bank is of the view that JB Pharma outperforms industry growth. Stock rises 2%.

Aurionpro Solutions approves issuance of shares, warrants via preferential allotment. Firm to issue shares upto Rs 26.4 crore and warrants upto Rs 44 crore.

Market View | Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

HMA Agro Industries IPO opens for subscription. Should you bid?

IIFL Securities shares plunge 19% after 2 year ban on new stockbroking clients

Rupee falls 10 paise to 82.04 against US dollar in early trade.

WS Industries (India) bags 2 orders totaling Rs 372 crore; stock hits 5% upper circuit

The Securities and Exchange Board of India (SEBI) has barred IIFL Securities from onboarding any new client for a period of two years on grounds of breach of the code of conduct regulations of stock brokers. The stock plunged in Tuesday's trade following this update.

9.6% equity block deal in Timken India; stock tumbles over 9%

10% equity block deal in HDFC AMC

Opening Bell: Sensex, Nifty decline marginally; IIFL Securities plunges 18%, HDFC AMC jumps 7%

Pre-open session: Sensex rises 10 points; Nifty above 18,750

Markets are likely to be on the back foot in early Tuesday trades amid weak global cues, even as People's Bank of China (PBoC), as widely expected, slashed its key lending rates. Multiple factors such as mounting Chinese growth fears, FII & DIIs turning sellers in yesterday’s trade, anxiety ahead of Powell’s Wednesday testimony before the US Congress, and a delayed monsoon would prompt investors to trade with caution. The flow of the global markets trend would continue to dictate the sentiment back home. While Nifty is close to its all-time high level of 18,888 mark, sharp intra-day volatile moves could dent the sentiment.

Markets Live Updates: SGX Nifty signals a negative start

Tech View: Nifty charts show dark cloud cover patterns

Rupee falls 4 paise against US dollar

Markets Live Updates: Oil prices mixed ahead of China lending benchmarks decision

Sensex, Nifty on Monday

Indian equities shied away from closing at all-time high levels amid profit booking, primarily driven by private banks. Global markets also took a breather after a strong rally last week as investors looked forward to China’s rate decision and the Fed chair's testimony. The Indian rupee has been exhibiting strength recently, supported by strong FII inflows and favourable domestic macroeconomic data.

Rupee falls 4 paise to close at 81.94 (provisional) against the US dollar.

Closing Bell: Sensex ends volatile trade 216 pts lower; Nifty near 18,750; Bajaj twins rise 2% each, Adani Ent drops 4%

Karur Vysya Bank in expansion mode; sets up 800th branch.

Mayur Floorings to consider installation of fresh mineral based industries (ball mill) project; stock locked in 5% upper circuit

Radhika Jeweltech says commissioner of Income Tax (Appeal) has given order in co's favor; Commissioner of Income tax (appeal) has given order in co's favor to extent of Rs 55.05 crore; order in case pertaining to income tax demand of Rs 57.09 crore for assessment year 2017-18

HPCL gets major long-term contract from Opal for supply of natural gas

European shares fall at open, Sartorius plunges on forecast cut