Stock Market LIVE updates, today, July 18, 2024: In the broader markets, the BSE MidCap and SmallCap indices slumped 1.38 per cent and 1.55 per cent, respectively
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Stock market LIVE updates today, Thursday, July 18, 2024: Indian stock markets were trading lower on Thursday amid trade war concerns between the US and China. The BSE Sensex fell 265 points, or 0.33 per cent, to 80,451 levels, while the Nifty50 was testing the 24,550-mark.
Bloomberg reported on Wednesday that the Joe Biden administration is considering a wide-sweeping rule to clamp down on companies exporting their critical chipmaking equipment to China. Besides, former president Donald Trump said Taiwan should pay the US for its defence. He also claimed Taiwan took ‘about 100 per cent’ of America’s semiconductor business.
In the broader markets, the BSE MidCap and SmallCap indices slumped 1.38 per cent and 1.55 per cent, respectively.
Among sectors, only the Nifty IT index was in the green, up 0.25 per cent. The Nifty Media, Auto, and Metal indices, however, fell between 1 per cent and 3 per cent.
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9:26 AM
All sectors in red except Nifty IT and PSU Bank
9:24 AM
LTIMindtree, Apollo Hospitals gain on NSE
9:22 AM
Broader markets in red zone
9:20 AM
Asian Paints, Tata Steel lead losses on Sensex
9:18 AM
Opening bell: Nifty 50 above 22,550, slips marginally
9:17 AM
Opening bell: Sensex slides 140 points to 80,573
9:10 AM
Pre-open: Nifty below 24,550
9:09 AM
Pre-open: Sensex down nearly 200 points
9:08 AM
Rupee opens at $83.57
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Volume outperformance, steady results factored into Bajaj Auto’s valuations
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Q1FY25 results today :: Infosys to lead IT-pack, may see profits rise up to 10% YoY
Key monitorables: The street will watch out for updates on panning out of Liberty deal, any tweak on FY25 revenue growth guidance, update on inSemi acquisition and enterprise discretionary spending. READ MORE
8:42 AM
Stocks to watch, July 18: Infosys, RIL, Vi, LTIM, Asian Paints, Paytm
Asian Paints:Asian Paints reported a 24.6 per cent decline in net profit to Rs 1,186.8 crore for Q1FY25, with revenue decreasing 2.3 per cent to Rs 8,969.7 crore. Earnings before interest, taxes, depreciation and amortisation (Ebitda) dropped 20.2 per cent to Rs 1,693.8 crore, resulting in a margin decrease to 18.9 per cent from 23.1 per cent on a year-on-year (Y-o-Y) basis.
LTIMindtree: LTIMindtree’s Q1FY25 consolidated results showed a 3.1 per cent increase in net profit to Rs 1,135.1 crore, supported by a 2.8 per cent rise in revenue to Rs 9,142.6 crore. Ebit grew 4.8 per cent to Rs 1,370.9 crore, expanding the margin to 15 per cent from 14.7 per cent. READ MORE
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IPO Update :: Last day of Tunwal E-Motors IPO today
8:33 AM
Lauras Labs, Strides Pharma: Top picks by Vinay Rajani to buy on July 18
Buy Strides Pharma(CMP: 942): | Targets Rs 1045,1090 | Stop-loss Rs 870
Stock price has broken out from downward sloping trend line on the monthly chart. Price rise was accompanied by healthy volumes. Stock price has been trading above all important moving averages, indicating bullish trend on all time frames. Indicators and oscillators have turned bullish on weekly and monthly charts. READ MORE
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First Published: Jul 18 2024 | 7:43 AM IST
