BSE METAL
Nifty continues record run, scales 24,650 mark; Sensex rises 100 points
Indian indices rose 0.12%, with Sensex gaining 97 points and Nifty 50 reaching a new July record, up 29 points at 9:22 am, trading at 24,615. Nifty rose in 8 out of 12 July sessions. Bharti Airtel, Adani Ports, Tata Steel, and Bajaj Finserv led gains, while HCL Tech, L&T, Tata Motors, and Nestle India saw losses.
Tech stocks boost Nifty to fresh lifetime high, Sensex rises 200 pts
Nifty50 hit a record high driven by IT stocks on U.S. rate cut hopes. HCL Tech and BSE Sensex rose. Nifty IT, Auto sectors rose; Private Bank, FMCG, Realty sectors saw cuts. HCL, SBI, Infosys, Tech Mahindra gained. Likely 25 basis point rate cut amid rising food prices.
Ahead of Market: 10 things that will decide D-Street action on Monday
Indian indices reached record highs, driven by IT stocks and TCS results. Nifty 50 rose 0.77% while Sensex added 0.78%, marking six weeks of gains.
US inflation data, IT stocks propel Indian indices to fresh highs
The NSE Nifty rose 186.20 points, or 0.77%, to close at 24,502.15, having hit a lifetime high of 24,592.20 during the day. The BSE Sensex rose 622 points, or 0.78%, to end at 80,519.34, down from an intraday record of 80,893.51.
India providing enough secular themes for global investors for medium-term: Surendra Goyal
So, more medium term, that is how we think about it and it does provide some kind of a support, say for example, this year in the first four-five months we saw foreign outflows, but yet the market has continued to see a nice move up.
M&M, bank stocks halt D-Street's record run! Sensex tanks 800 points, Nifty below 24,200
Indian indices hit highs due to Maruti Suzuki but fell after Powell's US Congress remarks, affecting M&M, Axis, and HDFC Bank. Nifty Bank fell; crude oil prices impacted. FIIs bought Rs 314 crore in equities. Delta Corp dropped; RVNL rose. SIP inflows and Asian markets offered a broader context.
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Sensex rises over 200 pts, Nifty above 24,350 in hopes of dovish stance from Fed
Indian indices rose as markets expected dovish signals from U.S. Fed Chair Powell. Sensex up 223 points to 80,184, Nifty50 up 59 points. Key gainers included Maruti Suzuki, M&M, Adani Ports, while Tech Mahindra, JSW Steel fell. Soft inflation increased odds of U.S. rate cut to 74%. Century Textiles rose 4%. Budget, Q1 results closely watched.
Sensex rises! But these stocks are down 5% or more on BSE
In the Nifty pack, 27 stocks were trading in the green, while 23 stocks were trading in the red.
D-St record run continues! Sensex rallies 300 pts; Nifty tops 24,300 as IT, banks lead charge
From the Sensex pack, ICICI Bank, HCL Tech, and M&M opened up to 1.5% higher while HDFC Bank, HUL and IndusInd Bank opened lower by up to 1.3%.
Sensex falls! These stocks are down 5% or more on BSE
In the Nifty pack, 21 stocks were trading in the green, while 29 stocks were trading in the red.
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 43%
While the indices might be witnessing correction on intra intra-basis, the broader markets are still very much under the control of the bulls. There is greater likelihood of bullish sentiment continuing, so be bullish but more than anything else in the long term what matters for a stock is earnings and valuation. So be selective, avoid impulsive investing, and keep reviewing one’s portfolio and stay away from penny stocks especially. It is very likely that some of the penny stocks will fly and be distributed amongst retail investors. We look at stocks which have witnessed a continuous rise in their score in the last one month. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
F&O Talk | Sector rotation backs Nifty highs; banking, metals to likely outperform in short-term: Sudeep Shah of SBI Securities
Considering the past week, Nifty seems to have taken a strong support near the 23,400 mark while Sensex seems to be resisting the 77,850 level for the last 3 trading sessions.
Smallcaps: Narrative might go against them, but if chosen with right filters, don't bother, 5 stocks from different sectors with long term perspective
When investing in stock markets, it’s crucial to make the distinction between high-quality and poor-quality businesses across the small, mid, and large-cap spectrums, as well as the difference between the intrinsic value of a stock and the overall value of the company. Certain niche small businesses may still generate significant returns over time if they are held long enough. On the other hand, if one's approach to small-cap investments is merely based on the absolute value of a stock with hopes of a tenfold increase, then it's a misconception. Stock market investing, whether in small, mid, or large caps, should not be driven by unrealistic expectations; otherwise, it leads to nothing but undue stress, rather than substantial returns.
Smallcaps: Don't be afraid of narrative against them, but surely check critical points: 5 stock from different sectors for long-term investors
Soon after election results, there was and probably still there is chatter on the street that small caps are not going to see the same kind of performance as they have seen in the last two years. Can anyone argue against a broad based statement ? Probably, No. But then expecting a small cap rally all the time is also incorrect. There are more than 2000 small caps stocks, a handful are actually worth looking at and even fewer worth having in a portfolio. If one is able to get the right of the small cap stock then the returns are extremely high, but at the same time, risk of getting it wrong and capital erosion is ever present. At times when one cannot rule our phases of volatility, for investors looking for small caps, some rules need to be followed to avoid wrong decisions of buying in haste or selling in panic.
Vedanta shares rally over 3% as SBI approves demerger plans
Vedanta's shares surged 3.6% on BSE to Rs 457.05 as SBI approved its demerger of its existing businesses into six independent entities, which is aimed for completion by December 2024.
PFC, Adani Ports among 3,340 BSE stocks that plunged up to 25%; only 500 counters gain
The market rout on election results day hit defence, railway infra, metals and PSU sectors badly while FMCG and healthcare were among the gainers.
Sensex declines 200 pts, Nifty below 22,650 amid election jitters
Benchmark indices traded lower on Thursday as investors awaited the outcome of national elections. Tata Steel shares fell 2.5% post Q4 show. Tata Steel, Power Grid, JSW Steel among top losers.
RIL, banking stocks drive Sensex 150 pts higher; Nifty above 22,900
Benchmark equity indices opened higher on Tuesday, driven by index heavyweights like Reliance Industries and banking stocks, with BSE Sensex up 0.15% and Nifty50 up 0.19%.
Unstoppable bull run! Sensex, Nifty hit fresh lifetime highs on strong global market cues
Indian blue-chip indices, BSE Sensex and Nifty50, hit new record highs on Monday driven by Tata Steel, Bharti Airtel, JSW Steel, NTPC, HDFC Bank, and Kotak Bank; Wipro, Maruti, M&M, Asian Paints, and Power Grid opened lower. Adani Ports surged 3% after joining Sensex.
Hindustan Zinc shares double in 1 month but the boom isn't so much about zinc
Hindustan Zinc is also the best-performing metal stock in 2024 so far with a staggering return of 146% YTD. It is India's only silver producer and after recording its highest-ever silver production in FY24, it has become the third-largest silver producer globally.
Market Trading Guide: Aditya Birla Fashion among 2 stock recommendations for Wednesday
Indian shares recovered to close flat on Tuesday, with gains in metal stocks offsetting declines in other sectors. The S&P BSE Sensex closed 0.07% lower at 73,953, while the NSE Nifty50 index ended above the 22,500 level. Indian Bank has shown bullish trend on the daily chart with the breakout of an Inverse Head and Shoulders pattern. Aditya Birla Fashion witnessed a notable breakout of a pattern called the Cup and Handle, suggesting a likely uptrend ahead.
Sensex drops 53 points in volatile trade amid weak global cues; metal stocks shine, IT falters
Gains from metal and energy stocks were offset by losses in banking and IT stocks. Tata Steel, JSW Steel, and Power Grid saw considerable gains, climbing 2.5% to 3.7%. US rate-sensitive IT stocks closed 0.2% lower. Volatility on Tuesday touched 22.3, a 23-month-high. The market capitalisation of all listed companies on BSE surged by Rs 2.23 lakh crore to Rs 414.58 lakh crore.
Technical Breakout Stocks: How to trade Godfrey Phillips, M&M and Dixon Technologies
India markets closed in the green for three consecutive days. Realty, auto, metal and consumer durable stocks saw considerable buying action. Godfrey Phillips and Dixon Technologies hit fresh record highs.
Sensex rises 253 points on auto and metal gains, defying foreign outflows
M&M was the top gainer, rising 6% as its overall March quarter numbers led to target price hikes and upgrades. JSW Steel, UltraTech Cement, Kotak Bank, ITC, and Maruti also closed higher. The market capitalisation of all listed companies on BSE surged Rs 2.86 lakh crore to Rs 410.21 lakh crore.
Aztec Fluids and Machinery stock debuts at 34% premium on BSE SME platform
Aztec Fluids and Machinery debuts on BSE SME platform at Rs 90, 34.3% premium over issue price. IPO oversubscribed over 200 times. Company offers coding and marking solutions across various industries.
Investors gain nearly Rs 5 lakh crore as auto, metal & energy stocks power Sensex 328 points higher
Nifty climbed 114 points to settle at 22,218. This week’s main focus is US CPI figures. Tuesday’s top Sensex gainers included M&M, L&T, and JSW Steel. Nifty Auto rose 1.8%, led by M&M, Hero MotoCorp, and TVS Motor.
Sensex rises over 150 points as retail inflation eases; Nifty above 22,100
India's retail inflation eased in April, impacting key equity indices positively. Sectors like banking, metal, and energy saw gains, while some faced cuts. Shriram Finance surged over 5% on announcing a housing finance business sale to Warburg Pincus.
Metal stocks rally up to 14% on China demand
Shares of metal giants Vedanta and Hindustan Copper surged by 4% on BSE to Rs 410.45 and Rs 372.25, respectively, while Hindustan Zinc saw a remarkable 14% leap to a new 52-week high of Rs 520. The surge is attributed to heightened demand from China, a major player in the global metal market.
Storage Technologies stock lists with 90% premium on BSE SME platform
Storage Technologies Stock Price: The IPO, which was completely a fresh equity issue of 38 lakh shares, received a bumper response from investors with an overall subscription of over 200 times at close.
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