Latest Market News Today Live Updates July 2, 2024: Hindenburg Research gets show cause notice from SEBI about Adani short bet

Latest Market News Today Live Updates: Catch today’s market wrap-up! Track Nifty 50 and Sensex movements, along with top gainers and losers. See how Asian and US markets fared and which sectors led the charge (or declined). Summary: Follow Mint’s market blog for real-time updates on your favourite companies. This blog keeps you informed on all things Dalal Street and global markets.

Disclaimer: This is an AI-generated live blog and has not been edited by LiveMint staff.

02 Jul 2024, 01:46:18 PM IST

Stock Markets Today Live Updates: Booming stocks push banks into FOMO zone

• India’s booming stock market is luring investors away from traditional bank deposits, creating a funding headache for banks. While deposit growth lags credit demand, the narrowing gap between lending and deposit rates offers a glimmer of hope for improved liquidity.

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02 Jul 2024, 01:28:17 PM IST

Stock Markets Today Live Updates: Expert view: Market ripe for consolidation; these 5 stocks may do well in FY25, says Rahul Ghose of Hedged.in

• Rahul Ghose, the CEO of Hedged.in, believes that the Nifty 50 may continue its positive momentum, but it may not yield similar returns as in the last six months. He expects the Nifty 50 to be in a broader range of 25,000 on the upside by the end of the year.

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02 Jul 2024, 01:27:37 PM IST

IPO News Today Live Updates: Ambey Laboratories IPO price band set at ₹65-68 per share; SME IPO to open on July 4

• Ambey Laboratories IPO price band has been fixed at ₹65 – ₹68 per share. Ambey Laboratories IPO is an SME IPO wherein the company plans to raise ₹44.68 crore at the upper-end of the price band.

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02 Jul 2024, 01:26:54 PM IST

Stock Markets Today Live Updates: IREDA: Up over 500% from IPO price, ICICI Direct chooses it has ‘high conviction pick’ – 3 key reasons why

• IREDA, at the inflection point of the renewable revolution in India, is favored by ICICI Direct for its positive long-term growth prospects. The stock has seen significant performance fluctuations but has surged over 509% since its IPO in 2023.

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02 Jul 2024, 01:18:04 PM IST

Stock Markets Today Live Updates: Sakuma Exports declares 4:1 bonus shares. Record date, other details here

• Sakuma Exports board approved raising of funds through the QIP

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02 Jul 2024, 01:17:30 PM IST

Stock Markets Today Live Updates: Reliance Industries share price rises more than 20% year to date: Morgan Stanley expects more gains of around 13%

• Stock Market today: Reliance Industries share price that remains in focus following telecom price hikes has gained more than 20% year to date. Morgan Stanley global Research expects another 13% upside as they see it adding $60-100 market cap during the ongoing monetisation cycle.

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02 Jul 2024, 12:49:48 PM IST

Stock Markets Today Live Updates: Long-term investors should stay steady ahead of Budget; 2024-end target for Nifty is 25k, says Nishit Master of Axis Sec

• Nishit Master, Portfolio Manager at Axis Securities, in an interview, advised long-term investors to not make any preparatory changes to their portfolios based on their expectations from the budget. Master also said he expects low single-digit returns from the market.

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02 Jul 2024, 12:34:37 PM IST

Stock Markets Today Live Updates: Allied Blenders and Distillers shares dip after positive debut on Dalal Street. Buy, sell or hold?

• Allied Blenders and Distillers share price opened on BSE at ₹318.10 per equity share whereas it listed on the NSE at ₹320 apiece

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02 Jul 2024, 12:22:22 PM IST

Stock Markets Today Live Updates: Promoters sold stake worth ₹87,000 crore in H1 2024, highest in 5 years

• Promoter stake sales in Indian equity market are at multi-year highs driven by strategic reasons like debt reduction and compliance with shareholding norms. Retail investors, mainly through mutual funds, are major buyers.

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02 Jul 2024, 12:21:36 PM IST

Commodity News Today Live Updates: Gold beats Nifty 50 in the year’s first half; will the shine last? What should investors do?

• Domestic spot gold prices rose nearly 14 per cent in the first half of the current calendar year, while the equity benchmark Nifty 50 rose nearly 11 per cent.

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02 Jul 2024, 12:11:26 PM IST

IPO News Today Live Updates: Emcure Pharmaceuticals IPO: Shark Tank’s Namita Thapar likely to earn ₹127 crore from OFS

• Emcure Pharmaceuticals IPO set to start tomorrow estimated to bring in ₹127.87 crore for Namita Thapar, a Shark Tank India investor. Thapar to sell around 12.68 lakh shares through the offer for sale component at a price band of ₹960 to ₹1,008 per share.

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02 Jul 2024, 11:55:21 AM IST

Stock Markets Today Live Updates: Akiko Global Services shares hit lower circuit after listing at 27% premium

• Akiko Global Services share price listed on NSE at ₹98 apiece, ₹21 higher from the upper price band of ₹77 per equity share

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02 Jul 2024, 11:04:42 AM IST

Stock Markets Today Live Updates: Angel One, Motilal Oswal, IIFL shares fall up to 10% after SEBI asks MIIs to levy uniform fees

• SEBI’s directive to standardise charges for market infrastructure institutions led to a significant decrease in share values for broking companies. This move aims to create a level playing field by ensuring charges are not tied to trading volumes.

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02 Jul 2024, 11:00:08 AM IST

Stock Market News Today Live Updates: Hilton Metal Forging, Visaman Global Sales & others hit 52 week low today ;Check the full list here?

• Following shares hit their 52 week low today – Hilton Metal Forging, Visaman Global Sales, Repro India

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02 Jul 2024, 11:00:05 AM IST

Stock Market News Today Live Updates: Samvardhana Motherson International, Ambuja Cements & others hit 52 week high today ; Do you own any?

• Following shares hit their 52 week high today – Samvardhana Motherson International, Ambuja Cements, Ultratech Cement, Grasim Industries, Trent

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02 Jul 2024, 10:51:19 AM IST

Stock Markets Today Live Updates: Stocks to buy: Bull case Nifty 50 target at 27,000; HDFC, ICICI Bank, Bharti Airtel among 16 top picks: Axis Securities

• Stocks to buy: In its base case, Axis Securities maintained its Nifty 50 target of 24,600 for March 2025. It foresees Nifty earnings to post growth of 16% CAGR over FY23-26. Financials are expected to remain the biggest contributors for FY25/26 earnings.

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02 Jul 2024, 10:49:45 AM IST

Stock Markets Today Live Updates: Navigating H2 2024: Analysts identify key investment sectors and pitfalls to dodge

• The investment landscape for the remainder of 2024 presents a mixed bag of opportunities and cautions. Private banks, chemicals, and consumer durables are among the favored sectors, while capital goods, IT, and real estate warrant a more cautious approach.

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02 Jul 2024, 10:46:49 AM IST

Stock Markets Today Live Updates: What SEBI’s notice and Hindenburg Research’s response means for Adani?

• Hindenburg Research Adani row: SEBI’s move will bring confidence among the DIIs and FIIs regarding Adani group companies, say experts

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02 Jul 2024, 10:39:41 AM IST

Stock Markets Today Live Updates: DCX Systems stock price jumps 16% to touch fresh all-time high on ₹1250 cr order win

• DCX Systems shares surged by 16% to a record high of ₹440 after securing a ₹1,250 crore order from Larsen & Toubro. The company specializes in system integration and has a growing international footprint in aerospace and defence sectors.

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02 Jul 2024, 10:15:22 AM IST

Commodity News Today Live Updates: Gold and silver prices today on 02-07-2024: Check latest rates in your city

• Gold And Silver Prices Today:Gold And Silver Prices Today : 10 gm of 24 carat gold was at Rs.73024.0 in Delhi whereas 1 kg of silver was Rs.87890.0 in Delhi.

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02 Jul 2024, 10:10:10 AM IST

IPO News Today Live Updates: Divine Power Energy share price makes a blockbuster debut, stock opens with 288% premium at ₹155 apiece on NSE SME

• Divine Power Energy share price opened at ₹155, which is 287.5% higher than the issue price of ₹40. Divine Power IPO, opened for subscription until June 27 at a price band of ₹36 to ₹40 per share. The firm manufactures winding wires/strips for transformers and power distribution companies.

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02 Jul 2024, 10:06:37 AM IST

Stock Markets Today Live Updates: Petro Carbon and Chemicals share price lists with a strong 75% premium at ₹300 on the NSE SME

• Petro Carbon and Chemicals share price listed ith a strong 75% premium over the issue price, at ₹300 on the NSE SME on Tuesday. The issue that had opened for subscription on Tuesday, June 25, had received strong response being subscribed more than 92 times.

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02 Jul 2024, 10:01:32 AM IST

Stock Markets Today Live Updates: Stocks in focus: Ruchit Jain of 5paisa recommends buying SBI Life, and ACC today

• Stocks in focus: Ruchit Jain of 5paisa has recommended two stocks today – SBI Life Insurance Company Ltd, and ACC Ltd.

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02 Jul 2024, 10:00:28 AM IST

IPO News Today Live Updates: Allied Blenders and Distillers share price makes a positive debut, stock opens with 14% premium at ₹320 on NSE

• Allied Blenders and Distillers share price: Allied Blenders and Distillers IPO debuted positively on NSE and BSE, opening at ₹320 and ₹318.10 per share respectively, higher than the issue price of ₹281. Market experts predicted an opening range of ₹315 to ₹333 per share.

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02 Jul 2024, 09:32:48 AM IST

Stock Markets Today Live Updates: Chandan Taparia’s recommendations: How to trade Siemens, Birlasoft and REC shares on July 2?

• Stocks to buy: Chandan Taparia has recommended three stocks to buy today, July 2. According to him, these three stocks – Siemens, REC and Birlasoft – are technically placed to see a decent upmove.

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02 Jul 2024, 09:23:53 AM IST

Stock Markets Today Live Updates: Investors shrug off Hindenburg response, Adani Group stocks Adani Ent, Adani Ports trade flat

• Most Adani Group stocks traded little changed after the SEBI’s show cause notice to the US-based short-seller Hindenburg Research.

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02 Jul 2024, 08:36:58 AM IST

Stock Markets Today Live Updates: Stock market today: Trade setup for Nifty 50 to Bank Nifty, five stocks to buy or sell on Tuesday — July 2

• Stocks to buy today: Experts have recommended buying these five buy-or-sell stocks — Bajaj Finance, JSW Steel, RCF, Birla Corporation, and Titan

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02 Jul 2024, 08:10:48 AM IST

Stock Markets Today Live Updates: Nifty 50, Sensex today: What to expect from Indian stock market in trade on July 2

• The trends on Gift Nifty also indicate a mildly positive start for the Indian benchmark index. The Gift Nifty was trading around 24,250 level, a premium of nearly 40 points from the Nifty futures’ previous close.

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02 Jul 2024, 07:35:06 AM IST

Stock Markets Today Live Updates: Buy or sell: Vaishali Parekh recommends three stocks to buy today — July 2

• Buy or sell stocks: Vaishali Parekh has recommended three stocks to buy today — Birlasoft, Chambal Fertilisers, and Aarti Industries

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02 Jul 2024, 07:23:38 AM IST

Stock Markets Today Live Updates: Indian stock market: 7 key things that changed for market overnight – Gift Nifty, US PMI to Treasury yields

• Indian stock market: Gift Nifty was trading around 24,245 level, a premium of nearly 35 points from the Nifty futures’ previous close, indicating a positive start for the Indian stock market indices.

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02 Jul 2024, 07:09:55 AM IST

Stock Markets Today Live Updates: Stock market today: India Cements, Indus Towers stocks in F&O ban list on July 2

• These stocks will be available for trading in the cash market. The National Stock Exchange (NSE) said the derivative contracts in the mentioned securities crossed 95% of the market-wide position limit.

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02 Jul 2024, 06:57:54 AM IST

Stock Markets Today Live Updates: Hindenburg Research gets show cause notice from SEBI about Adani short bet

• Hindenburg also said Kotak Bank created and oversaw an offshore fund structure that was used by its “investor partner” to bet against the conglomerate.

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02 Jul 2024, 06:52:33 AM IST

IPO News Today Live Updates: Allied Blenders and Distillers IPO listing date today. GMP, experts see positive debut of shares

• Allied Blenders and Distillers IPO GMP signal that Allied Blenders and Distillers IPO listing price would be around ₹322 per share, say market observers

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