Stock market update: Nifty Pharma index falls 0.48% in a weak market
The Nifty Pharma index was trading 0.48 per cent down at 20665.75.
The Nifty Pharma index was trading 0.48 per cent down at 20665.75.
Justice N Kotiswar Singh, the Chief Justice of Jammu and Kashmir High Court, took oath on Thursday as the first judge from Manipur to be elevated to the Supreme Court. On the same day, Acting Chief Justice of Madras High Court R Mahadevan was sworn in as a judge of the apex court.
On July 16, six stocks from the Nifty500 pack were flagged by the "White Marubozu" bullish scanner. The White Marubozu pattern is recognized as bullish in technical analysis.
Priyanka Chopra birthday; Priyanka Chopra photos with daughter malti marie chopra jonas
Promoters held 0.79 per cent stake in the company as of 31-Mar-2024, while FII and DII ownership stood at 16.68 per cent and 10.12 per cent, respectively.
The 30-share BSE Sensex was down 35.63 points at 80680.92
Gold August futures climbed to Rs 74,435, while silver September futures increased to Rs 92,380. Gold hit a record high but then saw profit-taking, settling at Rs 74,137 per 10 grams, and silver settled at Rs 91,942 per kilogram, affected by US-China export curbs.
The opposition BJP in Karnataka warned the Congress government to face public wrath if it fails to introduce a bill for job reservations for Kannadigas in the private sector. Chief Minister Siddaramaiah faced criticism for putting the bill on hold after uproar from the industry. BJP president B Y Vijayendra condemned the decision and accused the government of neglecting the employment rights of Kannadigas.
In the first half of 2024, India's luxury housing market priced above Rs 4 crore saw a robust 27% year-on-year sales increase, totaling 8,500 units. Delhi-NCR, Mumbai, and Hyderabad led growth, with Pune notably surging six-fold in sales to 1,100 units. The market anticipates sustained momentum driven by affluent buyer preferences and infrastructure developments.
LTIMindtree shares rose 3.5% to Rs 5,754 after a 1.5% YoY profit rise to Rs 1,134 crore and Rs 9,143 crore revenue. Analysts’ views: Jefferies 'underperform' at Rs 4,920, Investec 'sell' at Rs 5,370, Nuvama and Motilal Oswal 'buy' at Rs 7,000. Features include Q2FY25 anticipation, limited margin levers, deal ramp-up, and high-priority transformation projects.
The stock quoted a 52-week high of Rs 196.8 and a 52-week low of Rs 85.51.
The Nifty Realty index was trading 1.39 per cent down at 1110.65.
The FMCG sector is poised for growth with rural recovery, but paints face emerging competition. Infosys and TCS may see 2-2.5% revenue growth and gain from a possible US rate cut. Cement volumes grow despite weak pricing. Asian Paints encounters price drops amid competition. Zee Entertainment's fundraising and the RIL-Disney JV impact the sector.
Punjab Police successfully averted potential target killings by arresting a member of a Babbar Khalsa International (BKI)-backed terror module, seizing weapons and ammunition in an intelligence-based operation. Additionally, three associates of criminal gangs were apprehended in a joint operation with Rajasthan Police, and a Pakistan-backed drug smuggling racket was dismantled with significant heroin seizures. These operations reflect Punjab Police's commitment to combating terrorism and organised... Читать дальше...
The stock quoted a 52-week high price of Rs 1475.95 and low of Rs 997.4.
On July 16, four stocks from the Nifty200 pack were identified in the RSI Trending Up scan. This scan indicates an uptrend when the RSI value crosses above 50 from below.
The 30-share BSE Sensex was up 50.9 points at 80767.45
Shinryo Corporation, a $1.7 billion Japanese group, will acquire GMP Technical Solutions Private Limited, India’s second-largest player in the Cleanroom business, as announced in a company release. GMP Technical Solutions, based in Mumbai, is a Rs 3,00 crore company focused on manufacturing Cleanroom Partitions in India, particularly for the pharmaceutical and semiconductor segments. The company is also expanding into the Modular Partition and HVAC solutions business.
Wealthtech startup Fisdom, based in Bengaluru, has appointed Girish Venkat to head its wealth management business. He was managing the same vertical for SBI previously. He also had stints with Aditya Birla Capital and ICICI Bank.
A total of 3,658 shares changed hands on the counter till 10:46AM (IST)
Bajaj Auto, Hero MotoCorp, Coal India Ltd, UltraTech Cem. and Adani Ent. were among the top losers on NSE.
Budget expectations: As the Union Budget 2024 nears, Indian startups await pivotal reforms. Finance Minister Nirmala Sitharaman announced a tax holiday extension till March 31, 2025, aiming to boost entrepreneurship. The budget may focus on tax relief, regulatory ease, funding solutions, and support for emerging sectors. Stakeholders anticipate measures to propel growth and address challenges in the vibrant startup ecosystem.
Cost of missing ITR filing deadline: Missing income tax return filing deadline of July 31 not only leads to payment of penalty of up to Rs 5,000. There are other benefits as well that an individual loses if the income tax return is filed after the expiry of deadline (i.e. belated ITR).
On July 16, the closing prices of four stocks in the Nifty200 pack declined approximately 2% below the VWAP. This move below the VWAP indicates a potential bearish trend.
On July 1, Gandhi, while speaking during the debate on the Motion of Thanks on the President's Address held up pictures of Lord Shiva, Guru Nanak and Jesus Christ as he referred to Hinduism, Islam, Sikhism, Christianity, Buddhism and Jainism to underline the importance of fearlessness.