MARKET PRICES

RIL shares can create up to $100 billion wealth, predicts Morgan Stanley

Morgan Stanley, a global brokerage firm, forecasted that Mukesh Ambani-led Reliance Industries' (RIL) fourth monetisation cycle could potentially increase market capitalisation by $60-100 billion. They set a target price of Rs 3,540 in the base case scenario.

FPIs invest Rs 26,565 crore in Indian equities in Jun

After two months of net outflow, foreign investors turned buyers in June, infusing Rs 26,565 crore in Indian equities, driven by political stability and a sharp rebound in markets.

Nike sinks over 18% as gloomy sales forecast fans growth concerns

Nike shares slumped 18.6% in early trade on Friday as a forecast for a surprise drop in annual sales amplified investor concerns about the pace of the sportswear giant's efforts to stem market share losses to upstart brands such as On and Hoka.

Share market update: Most active stocks in today's market in terms of volume

The NSE Nifty index closed 33.91 points down at 24010.6

Shares of India Cements rally over 30% in one week as UltraTech deal impresses investors

India Cements' shares soared by 33% this week after UltraTech Cement acquired a 24% stake. The move pits UltraTech against competitors like Adani group in the quest for market share dominance, highlighting the ongoing consolidation in the cement industry.

RIL market cap hits Rs 21 lakh crore milestone as target prices rise on Jio tariff hikes

Reliance Industries shares hit record high after Jio's pricing move, driving positive outlook from global brokerages and potential sector re-rating.

Allied Blenders and Distillers share allotment likely today. Here's how you can check status

Visaman Global Sales IPO allotment finalized, Allied Blenders and Distillers focus on premium brands like ICONiQ White Whisky and Srishti Whisky.

Sensex, Nifty hit fresh peaks once again; telecom stocks in focus

The market showcases strong performance in diverse segments, with small-cap, mid-cap, and micro-cap stocks leading the positive momentum. Sectors like metal, pharma, and PSU banks also demonstrate resilience, marking a significant uptick in trading values amid the current market scenario.

Stock Radar I Time to buy? Indian Hotels gave a breakout from a 4-month consolidation: Shivangi Sarda

HCL Technologies to see block deal worth Rs 1,757 crore on Friday

HCL Technologies is likely to see a block deal worth Rs 1,757 crore (approximately $200 million) on Friday, according to a term sheet issued by Citigroup.

Share market update: Most active stocks in today's market in terms of volume

The NSE Nifty index closed 175.71 points up at 24044.5

Titagarh Rail shares rally 17% in 2 days as BlackRock buys over 9 lakh shares

RVNL's stock surged by 3% on BSE following the KRDCL-RVNL JV securing a project worth Rs 156.47 crore from Southern Railway, showcasing a positive trend in the railway sector.

Market Trading Guide: RIL, Sun Pharma among 5 stock recommendations for Thursday

Stock market benchmark indices Sensex and Nifty rallied for the third straight session and ended at their fresh all-time high levels on Wednesday in tandem with Asian peers and buying in Reliance Industries. The 30-share index climbed 621 points to settle at a new closing peak of 78,674. The Nifty went up by 148 points to a record closing peak of 23,869. The present upside momentum could find resistance at the highs of around 24,000-24,100 levels (1.786% Fibonacci extension of crucial bottom/top/bottom of 2020-2022) and one may expect next round of consolidation or minor weakness to emerge from the highs. Immediate support is at 23,650 levels, said Nagaraj Shetti of HDFC Securities.

Bernstein India Strategy: Navigating the disconnect between earnings and stock price movements

Caution is advised for investors as earnings performance is crucial for market progress, highlighting the risk of overvaluation. Informed investment decisions are necessary, considering the disparities in sectors like Metals and Industrials and the modest gains in financials amidst overall stagnation.

Market trading guide: JBM Auto, Apollo Tyres, City Union Bank among 7 top stock recommendations for Wednesday

Benchmark Sensex breached the historic 78,000 level for the first time while Nifty settled at a new record high on Tuesday on buying in blue-chip bank stocks and Reliance Industries. The 30-share index jumped 712.44 points to settle at a new closing peak of 78,054. The Nifty went up by 183.45 points or 0.78 per cent to settle at a fresh record high of 23,721.30. "On the daily charts we can observe that Nifty witnessed follow through buying interest. The consolidation of the last ten trading sessions is breaking out on the upside and trending moves are likely to begin. Thus, we shall continue to ride the up move till there is weakness on the price front," said Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas. Here are 7 stock recommendations for Wednesday:

Market Trading Guide: Apollo Hospitals, Nykaa among 5 stock recommendations for Tuesday

Equity benchmarks Sensex and Nifty closed higher on Monday as buying in power, auto and industrial stocks helped the indices rebound from early lows amid a bearish trend in global equity markets. However, volatility in markets ahead of the week's monthly expiry and selling pressure on metal and oil & gas counters kept investors on the back foot, traders said. The 30-share BSE Sensex ended 131 points higher at 77,341. The Nifty rose 37 points to settle at 23,538. The short-term trend of Nifty remains positive amid range movement. Having bounced back from near the lower range of 23,300 levels, there is a possibility of Nifty testing the upper range of 23,650-23,700 in the short term. Immediate support is at 23,350, said Nagaraj Shetti of HDFC Securities.

Raymond shares rally 6% as NCLT approves group entities’ demerger, amalgamation

​Shares of Ramond surged 6% on Monday to its day’s high of Rs 2,675 on BSE as the National Company Law Tribunal (NCLT) approved the demerger of the company’s lifestyle business and the amalgamation of its consumer trading arm.

Stock Radar: REC takes support above 50-DMA after hitting record highs in June 2024; time to buy or book profits?

REC stock fell 17% from its June 2024 high but found support above the 50-DMA, indicating a potential bounce back. Short-term traders can consider buying for a target of 595. Technical expert insights suggest a positive trend ahead.

Special call auctions to aid holding companies price discovery, narrow discounts

Sebi introduces special call auctions for price discovery of holding companies, narrowing the market-book value gap. Stocks like Kalyani Investment trade at 60-85% discount to book value.

Market Trading Guide: Axis Bank, IDFC First among 4 stock recommendations for Thursday

Benchmark equity index Sensex on Wednesday ticked higher to scale yet another lifetime closing peak of 77,337, while the broader Nifty retreated from the record high level amid a lack of immediate triggers. Rallying for the fifth straight session, the 30-share BSE index climbed 36.45 points or 0.05% to settle at a new closing high of 77,338. The NSE Nifty ended at 23,516, down 42 points. "Though, Nifty placed at the highs, there is no confirmation of any significant reversal pattern building at the highs. Further weakness only below 23,300 levels could be considered as a short-term top reversal pattern. Further sustainable upside bounce is likely to negate this negative setup," said Nagaraj Shetti of HDFC Securities.

Ahead of Market: 10 things that will decide D-Street action on Thursday

The NSE Nifty 50 and S&P BSE Sensex opened at all-time highs, rising about 0.3% each, before closing with the Nifty down 0.18% to 23,516 and the Sensex up 0.05% to 77,337. The MACD indicator signals bullish momentum for Hitachi Energy India, Axis Bank, Force India, Ingersoll-Rand India, and JITF Infralogistics.

Ahead of Market: 10 things that will decide stock action on Tuesday

Indian benchmark equity indices, Sensex and Nifty50, logged record closing highs for a second straight session on Friday, driven by state-run companies and energy stocks on hopes of continued capital expenditure spending by the new government.

Is the stock market closed today for Eid-al-Adha (Bakri Eid) holiday?

Share Market Holiday: Apart from Bakri Eid (June 17), in 2024, the markets will be shut for Muharram (July 17), Independence Day (August 15), Mahatma Gandhi (October 2), Diwali (November 1), Gurunanak Jayanti (November 15) and Christmas (December 25).