Share Market News Today | Sensex, Nifty, Share Prices Highlights: The benchmark equity indices ended Tuesday’s trading session in the positive territory. The NSE Nifty 50 gained 26.30 points or 0.11% to settle at 24,613, while the BSE Sensex jumped 51.69 points or 0.06% to 80,716.55. The broader indices ended in mixed territory, with gain led by Large-cap and Mid-cap stocks. Bank Nifty index ended lower by 59.10 points or 0.11% to settle at 52,396.80. Financial Services and Banking stocks outperformed among the other sectoral indices while Metal and Realty stocks shed.
Share Market Live: Nifty hits new all-time high of 24,661.25
India‘s stock markets will remain closed on July 17 on account of Muharram. “Fed Chair Powell sees no hard-landing scenario for the U.S. economy, and both Dow Jones and S&P 500 hit record highs. Nifty is poised for more gains with key levels between 23,500 and 25,000. Call writing at 25,000 and 24,900 and Put writing at 24,600 and 24,100 suggest resistance at 25,000. Q1 earnings from Bajaj Auto, Just Dial, L&T Finance, Network 18, and TV18 Broadcasting today, with Asian Paints and LTIMindtree tomorrow. Market sentiment is boosted by the potential of a second Trump term,” said Prashanth Tapse, Senior Vice President of Research at Mehta Equities.
HDFC Life Insurance Company reported a net profit of Rs 478.97 crore, up 14.9% in comparison to Rs 416.71 crore posted in the same period a year ago. The company’s net premium income for the quarter stood at Rs 12,548.42 crore as against Rs 11,507.89 crore during the same period last year.
Unichem Laboratories said that the United States Food and Drug Administration (FDA) inspected its Goa formulation facility from July 8, 2024 to July 15, 2024. The inspection concluded with five observations, primarily procedural in nature, and none related to data integrity.
Jio Financial Services recorded a net profit of Rs 312.63 crore in Q1 of FY25 against Rs 310.63 crore reported in the previous quarter. The company’s total income for Q1 FY25 came in at Rs 417.82 crore, against Rs 414.13 crore in the same period a year ago and Rs 418.18 crore for the quarter ended March 31.
Hindustan Copper, Aditya Birla Fashion & Retail, Chambal Fertilisers and Chemicals, GMR Airports Infrastructure, GNFC, India Cements, Indus Towers, and RBL Bank will remain in the F&O Ban on July 16.
Foreign institutional investors (FII) bought shares net worth Rs 2,684.78 crore. However, domestic institutional investors (DII) sold shares net worth Rs 331 crore on July 15, 2024, according to the provisional data available on the NSE.
Deepinder Goyal, founder and CEO of Zomato, has joined the billionaire club, with the food delivery company’s shares continuing their rally on Monday. Goyal holds a 4.19% stake in Zomato, comprising 369.5 million shares. At Monday’s closing price of Rs 229 apiece (up 2.99% from the previous close), this stake is now valued at approximately Rs 8,465 crore (around $1.1 billion). During the day, Zomato’s stock hit a 52-week high of Rs 232 on the BSE.
WTI crude prices were trading at $81.82 down by 0.12%, while Brent crude prices were trading at $84.80 up by 0.06%, on Tuesday morning.
Hindustan Unilever Limited (HUL) on Monday announced that it has signed an agreement for the sale of its Pureit business in India. In a regulatory filing, HUL said that the business is being sold to A.O. Smith, a global water technology company.
The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, was trading up 0.07% at 104.32 on Tuesday morning.
US markets on Monday closed higher after an unsuccessful assassination attempt on former President Donald Trump. The broader market index, the S&P 500, added 0.28% to close at 5,631.22. Similarly, the tech-heavy Nasdaq Composite rose 0.4% to settle at 18,472.57. While, the Dow Jones Industrial Average rose 210 points, or 0.53%, to end at 40,211.72.