Stock Market Live Updates 01 July 2024: Stock market live updates: Today’s Stock Recommendation: Bombay Dyeing & Manufacturing Company (₹211.05): BUY

tock Market Today | Share Market Live Updates – Find here all the live updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for 01 July 2024

• July 01, 2024 08:35
  

  Stock market live updates: Nifty write up by Rajesh Bhosale, Equity Technical Analyst, Angel One

  Gravity-defying moves for the markets; some cool-off seems on the cards

  It was an exceptional week for the bulls as markets reached new milestones. Last week began on a negative note on Monday, with prices testing the previous week’s lows. However, the bulls saw this as an opportunity and pushed prices higher. Prices continued to climb for four consecutive sessions, surpassing the 24000 level for the first time. On Friday, the market opened positively and hit a new high of 24174, but some profit-taking in the second half led to a close just above 24000, marking a weekly gain of over 2%.

  Amidst all the key events, June was a remarkable month for the markets, with gains exceeding 6.5%. This week’s upward move was particularly sharp, driven by strong performances across all major sectors, bringing smiles to traders and investors fraternity. 

  While the market appears to be in a strong bull run, the next move in the coming week might be challenging as oscillators across all major time frames are in overbought territory. Often, overbought conditions indicate potential inherent signs; however, in the near term, a cool-down cannot be ruled out. While taking contra-bets and shorting the market is not advised, taking some profits is prudent, as a correction, either in price or time, is anticipated. This correction should be seen as healthy for the ongoing bull run. Given the market’s vertical rise into uncharted territory, pinpointing key trading levels is challenging. However, 24200 to 24250 is expected to act as immediate resistance, while 23850 followed by 23650 may serve as crucial support levels.

  Last week’s activity was not mainly driven by the heavyweight banking sector and Reliance, both of which had remarkable performances. During this period, the mid-cap sector was relatively quiet, but we may see action returning to this space in the coming week as key indices consolidate. Traders are advised to focus on stock-specific action for potential outperforming opportunities.

• July 01, 2024 08:29
  

  Stock market live updates: CARE Ratings has upgraded the credit rating of India Shelter Finance Corporation‘s Long Term Bank Facilities, amounting to ₹1,335.00 crore

  CARE Ratings Ltd has upgraded the credit rating of India Shelter Finance Corporation Ltd (ISFCL)‘s Long Term Bank Facilities, amounting to ₹1,335.00 crore. The rating for ISFCL has been revised from CARE A+; Positive (Single A Plus; Outlook: Positive) to CARE AA-; Stable (Double A Minus; Outlook: Stable). 

• July 01, 2024 08:20
  

  Stock market live updates: Market perspective by Dr. Joseph Thomas, Head of Research, Emkay Wealth Management

  The Nifty 50 crossed the 24000 mark last week, and quite a bit of institutional buying also happened, which helped the market to trade higher. Some amount of profit booking was seen in the midcaps and small caps. With economic growth likely to be around the 7.00 % and the full-fledged budget expected by mid-July, the market may remain well bid. But adverse influences from developments overseas may not be ruled out for the time being.

• July 01, 2024 08:19
  

  Stock market live updates: KPIT Technologies Ltd and ZF have established Qorix GmbH as a 50:50 joint venture to develop automotive middleware stack

• July 01, 2024 08:18
  

  Stock market live updates: Orient Cement Ltd has acquired a 28.52% stake in Ardeur Renewables Pvt Ltd, in line with the Share Subscription and Shareholders’ Agreement

• July 01, 2024 08:17
  

  Stock market live updates: Huhtamaki India Ltd has received the full consideration amount of ₹12 crore for the sale of its land parcel at Thane, Maharashtra

• July 01, 2024 08:17
  

  Stock market live updates: Sayaji Hotels Ltd has been recognized with the “Great Place to Work” award, securing the 46th position

• July 01, 2024 08:15
  

  Stock market live updates: Craftsman Automation has acquired 24% stake in DR Axion India Pvt Ltd, making it a wholly-owned subsidiary

  Craftsman Automation has acquired 24% stake in DR Axion India Pvt Ltd, making it a wholly-owned subsidiary. The move aims to boost its presence in the auto components industry and venture into the e-mobility solutions market. The cash consideration for the acquisition is ₹250 crore

• July 01, 2024 08:12
  

  Stock market live updates: PTC Industries expands its aerospace castings capability with new modern facility

  PTC Industries Ltd, which has pioneered advanced casting technology for aerospace and industrial gas turbine applications in India, is expanding its aerospace castings capability with a new modern manufacturing facility.

• July 01, 2024 08:04
  

  Stock market live updates: Navin Fluorine International has approved fund raising of up to ₹750 crore through equity shares, GDRs, ADRs, FCCBs, and other convertible securities.

• July 01, 2024 08:03
  

  Stock market live updates: BCPL Railway Infrastructure bags ₹34.947-crore project under K-Ride, expected to be executed over 15 months

• July 01, 2024 08:02
  

  Stock market live updates: Cantabil Retail opened 4 new showrooms/ shops in June 2024, taking the total to 545 retail outlets

• July 01, 2024 08:00
  

  Stock market live updates: Jubilant Food has said the acquisition of remaining securities in O2 Renewable Energy Xvi is now likely to be completed on or before July 31, 2024

• July 01, 2024 07:58
  

  Stock market live updates: Gulshan Polyols has been allocated 2,713 kilolitres of Ethanol having an estimated order value of ₹19 crore

• July 01, 2024 07:56
  

  Stock market live updates: HIL completes acquisition of Crestia Polytech, including its Group Entities and Aditya Poly Industries

  HIL has completed the acquisition of Crestia Polytech Pvt Ltd, including its group entities and Aditya Poly Industries Pvt Ltd, formerly known as Aditya Industries, on June 28, 2024, as per the share subscription and purchase agreement.

• July 01, 2024 07:52
  

  Stock market live updates: Securities in F&O Ban For Trade Date 01-July-2024

  * INDIACEM 

  * INDUSTOWER

• July 01, 2024 07:36
  

  Stock market live updates: Indian IT firms likely to face short term headwinds, see decline in BFSI and telecom sectors

  IT services and consulting major Accenture, whose performance is seen as a bellwether, recently declared its quarterly numbers and, if it is any indication, Indian IT services companies may see near term headwinds specially in BFSI and telecom sectors, say analysts. Read more

• July 01, 2024 07:26
  

  Stock market live updates: Economic Calendar – 01.07.2024  

  Hong Kong @ Market Holiday 

  07:15 CHINA Manufacturing PMI (Expected: 51.5 versus Previous: 51.7) 

  10:30 INDIA HSBC Manufacturing PMI (Expected: 58.5 versus Previous: 57.5)

  TENT German Prelim CPI m/m (Expected: 0.2% versus Previous: 0.1%)

  13:30 EURO Final Manufacturing PMI (Expected: 45.6 versus Previous: 45.6) 

  14:00 U.K. Final Manufacturing PMI (Expected: 51.4 versus Previous: 51.4) 

  19:15 U.S. Final Manufacturing PMI (Expected: 51.7 versus Previous: 51.7) 

  19:30 U.S. ISM Manufacturing PMI (Expected: 49.2 versus Previous: 48.7)

• July 01, 2024 07:25
  

  Stock market live updates: India’s T20 World Cup win sparks celebrations among CEOs and brands

  With India emerging as the champions of the ICC T20 World Cup in a nail-biting final match, celebrations broke out across the nation. Among those who flooded social media platforms with congratulatory messages were CEOs and brands, while Disney+ Hotstar hit the peak concurrency of 5.3 crore viewership in the final match, the highest in the tournament. Read more

• July 01, 2024 07:18
  

  Stock market live updates: ‘Indo-US defence companies betting big on each other for next 20-30 years’

  Following the Modi-led NDA coming to power for the third time, albeit with lesser strength, the continuity of US India relationship and the pro-business environment seems strong if not stronger, US Ambassador to India Eric Garcetti said. Garcetti, who recently led a 250-strong Indian delegation to an investment summit in Washington, is excited that investments are flowing both ways and is no more a one-way street. Read more

• July 01, 2024 07:17
  

  Stock market live updates: Domestic institutions ramp up buying in first half

  Domestic institutional investors (DIIs) – comprising mutual funds, banks, insurers and financial institutions – bought shares worth ₹2.36-lakh crore in the cash market in the first half of the year. This is 1.7x of the purchases made last year and a record for the first half of any year. Read more

• July 01, 2024 07:16
  

  Stock market live updates: Indian firms flouting Russian sanctions will face consequences: US Ambassador

  Any Indian company that violates global sanctions against Russia will have to be aware of the “consequences” they face when they are trying to do business with countries in Europe, America and their global allies around the world, US Ambassador to India Eric Garcetti has said. Read more

• July 01, 2024 07:14
  

  Stock market live updates: Nifty’s H1 performance in election year not the best but ranks high on multiple counts

  As we close out the first half of 2024, the dramatic unfolding of the general elections has left a lasting mark on the Indian markets. The benchmark indices experienced a rollercoaster ride during the election season, with the volatility index, Nifty VIX, oscillating from a calm 10 in April to a turbulent 27 on June 4. Read more

• July 01, 2024 06:56
  

  Stock market live updates: Navigating record highs in markets and the art of selling stocks

  A new week, and another new all-time high for the markets. As the market keeps razing past records, a lot of views are still out on the next target for the indices and which stocks to buy next. The wind is so much in favour of the markets, but is it favourable to you, ie — are you clear on your investment objectives and is the recent market performance taking you in that direction? Read more

• July 01, 2024 06:53
  

  Stock market live updates: Nifty and Bank Nifty Prediction for the week 01 Jul’24 to 05 Jul’24 by BL GURU

• July 01, 2024 06:49
  

  Stock market live updates: Stock to buy today: Bombay Dyeing & Manufacturing Company (₹211.05): BUY

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• July 01, 2024 06:47
  

  Stock market live updates: Stock to buy today: Bombay Dyeing & Manufacturing Company (₹211.05): BUY

  The outlook for Bombay Dyeing & Manufacturing Company is bullish. The stock has risen well above the psychological ₹200-mark last week and has been sustaining well above it. The region between ₹200 and ₹195 will now act as a good support zone and limit the downside if an intermediate dip happens. Read more

• July 01, 2024 06:40
  

  Stock market live updates: Bullion Cues: Flat movement expected

  Gold saw a decline, whereas silver stayed flat last week. The former depreciated 0.5 per cent to end the week at $2,321.5 an ounce, whereas the latter barely changed on a weekly basis and closed at $29.6 per ounce.

  Similarly, in the domestic market, gold futures lost 0.5 per cent to close at ₹71,584 (per 10 gram), whereas silver futures was flat as it ended at ₹89,139 (per kg). Read more

• July 01, 2024 06:37
  

  Stock market live updates: Index Outlook: Sensex, Nifty 50 seem to lose steam

  Sensex and Nifty 50 were stuck in a sideways range last week. But the Nifty Bank index surged to a new high and outperformed the Sensex and Nifty. On the charts, the near-term outlook for the Nifty and Sensex is slightly mixed. Supports are there for the indices which will still keep alive the chances of witnessing new highs from here. Read more