Sensex Today | Stock Market LIVE Updates: GIFT Nifty signals a muted start; Asian shares mixed

31 Jul 2024 | 06:18:12 PM IST

Synopsis

Nifty ended Wednesday’s trading session with a gain of 94 points above the 24,950-mark to form a small green candle with a minor upper shadow on the daily chart.

Positive chart pattern like higher tops and bottoms is intact on the daily chart. Nifty is currently on the way to form another higher top of the pattern. Though placed at the highs, still there is no signs of any reversal pattern building at the new highs. However, a decisive move above 25100 levels could open sharp upside ahead. Immediate support is at 24750 levels, said Nagaraj Shetti of HDFC Securities.

Earnings Watch

Maruti, M&M, Coal India, Adani Power, Tata Steel, Ambuja, BoB announce Q1 results today.

Market View by Tejas Shah, Technical Research, JM Financial & BlinkX:

Nifty is trading or facing stiff resistance around the crucial psychological resistance of 25,000 Mark and we believe that Nifty would further outperform only if it is able to decisively close above this resistance level. Support for Nifty is now seen at 24,750-800 and 24,450-500 levels. On the higher side, immediate resistance for Nifty is at 25,000 mark and the next crucial resistance zone is at 25,250-300 levels.

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Tata Steel Q1 Results: PAT at Rs 960 crore, revenue at Rs 54,771 crore

Tata Steel Q1 Results

PAT at Rs 960 crore vs ETNOW poll of Rs 994 crore

Revenue at Rs 54,771 crore vs ETNOW poll of Rs 58,132 crore

EBITDA at Rs 6,694 cr vs ETNOW poll of Rs 6,306 cr

Cons margin at 12.2% vs ETNOW Poll of 10.8%

Nifty’s small green candle pattern has higher tops & bottoms intact. Here’s how to trade at next session

Nifty ended Wednesday’s trading session with a gain of 94 points above the 24,950-mark to form a small green candle with a minor upper shadow on the daily chart.

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Rupee rises 1 paisa to close at 83.72 against the US dollar.

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PAT: Rs 3,913 cr vs Rs 8,759 cr, down 55.3% YoY.
Revenue: Rs 14,717 cr vs Rs 11,370 cr, up 29% YoY.

Sensex News | Share Market Today | Maruti Suzuki Q1 Results

PAT: Rs 3650 cr vs Street estimates of Rs 3467 cr.
Revenue: Rs 33,531 cr vs Street estimates of Rs 34,770 cr.
Margin: 12.6% vs Street estimates of 12%

Sensex News | Share Market Today | BHEL Q1 Results

Bharat Heavy Electricals Limited reported a widened net loss of Rs 211.40 crore for the June quarter, up from Rs 204.70 crore last year.
Total income increased to Rs 5,581.78 crore, while expenses rose to Rs 5,874.98 crore.

Price as on 03.07.18 PM, Click on company names for their live prices.

Sensex News | Share Market Today | Mankind Pharma Q1 Results

PAT: Rs 543 cr vs Rs 494 cr, up 10% YoY
Revenue: Rs 2,893 cr vs Rs 2,579 cr, up 12.18% YoY

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Sensex Today | Zee Ent Q1 Results

Net profit at Rs 118.1 cr vs loss of Rs 53.4 cr (YoY)
Revenue up 7.4% at Rs 2,130.5 cr vs Rs 1,984 cr (YoY)

Sensex Today | RITES Q1: Board approves bonus issue of 1 share for every 1 share held

Price as on 01.54.19 PM, Click on company names for their live prices.

Yen rises after Japan hikes interest rates, eyes turn to Fed

Stock Market LIVE Updates | Anup Engineering June-Quarter Results

PAT Rs 23.84 crore.
Revenue from operations Rs 144 crore.

Price as on 01.12.35 PM, Click on company names for their live prices.

M&M Q1 Results: Key Highlights

#1 in SUVs with revenue market share at 21.6%, up 130 bps; volumes up 24%
#1 in LCVs <3.5T: market share at 50.9%, up 160 bps
#1 in Tractors: market share at 44.7%, up 180 bps
#1 in electric 3 wheelers: market share at 43.4%
MMFSL AUM up 23%, asset quality improvement continues
Tech Mahindra transformation underway margins a key focus
Consolidated Revenue at Rs 37,218 cr., up 10%
Prior year PAT included one time gains on KG Mobility (405 cr.) and MCIE stake sale (358 cr.)
Consolidated PAT at Rs 3,283 cr., up 20%~
Robust RoE at 19.4%

M&M Q1 Results: PAT at Rs 2,612 cr vs Street estimate of Rs 2,645 cr

EBITDA at Rs 4,116 cr vs Rs 3,551 cr, up 16% YoY
Revenue: Rs 27,133 cr vs Rs 24,403 cr, up 11.2% YoY

Stock Market LIVE Updates | Ambuja Cements Q1 results update

EBITDA: Rs 646 cr vs Street estimates of Rs 736 cr
Margin: 14.3% vs Street estimates of 15.7%

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Price as on 12.24.58 PM, Click on company names for their live prices.

Godrej Properties Q1 results

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Price as on 11.40.56 AM, Click on company names for their live prices.

Sensex News | Share Market Today | India won’t reimpose foreign investment limits on 5-yr, 7-yr, 10-yr bonds

On Wednesday, a senior government source confirmed that India has no plans to reintroduce foreign investor limits on new 5-year, 7-year, and 10-year bonds.
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Sensex Today | Stock Market News | M&M Financial to issue over 3-year bonds, bankers say

Mahindra and Mahindra Financial Services plans to raise Rs 1,500 crore, including a greenshoe option of Rs 1,250 crore, through a bond issue maturing in three years and one month, according to three bankers on Wednesday.
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Price as on 10.58.29 AM, Click on company names for their live prices.

Sensex Today | Stock Market LIVE Updates | Lloyds Engineering Works evaluating various fundraising options

Price as on 10.50.34 AM, Click on company names for their live prices.

Sensex News | Share Market Today: Godrej Properties enters Indore’s realty market, acquires a ~46-acre land parcel

Price as on 10.36.03 AM, Click on company names for their live prices.

Sensex Today | Stock Market LIVE Updates | Sensex climbs 200 pts

Rupee rises 2 paise to 83.71 against the US dollar in early trade

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Stock Market LIVE Updates | Sebi consultation paper on F&O Impact

Price as on 09.24.38 AM, Click on company names for their live prices.

Sensex Today | Stock Market LIVE Updates | Earnings Impact

Price as on 09.23.21 AM, Click on company names for their live prices.

Sensex Today | Heatmap: Top Sensex gainers & losers in today’s trade

Opening Bell: Sensex climbs 180 pts, Nifty above 24,900; GAIL rises 4%, Tata Consumer drops 2%

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On Tuesday, Sebi chief Madhabi Puri Buch revealed that households are incurring losses of approximately ₹60,000 crore annually from derivatives trades.

Stock Market LIVE Updates: Sensex rises over 200 points, Nifty above 24,850 in pre-open session

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Indian government bond yields are anticipated to remain stable in early trading on Wednesday as traders await the Federal Reserve’s monetary policy decision and hints about potential rate cuts.

The benchmark 10-year yield is expected to fluctuate between 6.91% and 6.95%, compared to its previous closing rate of 6.9326%, according to a trader from a private bank.

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On Tuesday, domestic markets experienced another volatile session, ending nearly unchanged. After a flat beginning, the Nifty steadily climbed throughout most of the session, but sharp profit-taking in the last few hours erased all gains.

Stock Market LIVE Updates | Reserve Bank of India to hold rates in August, first cut in Q4: Poll

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Inflation in Asia’s third-largest economy surged to a five-month high of 5.08% in June, driven by a sharp increase in food prices, significantly exceeding the RBI’s medium-term target of 4%. This high inflation indicates that the central bank will likely be cautious about loosening monetary policy prematurely.

Stock Market LIVE Updates | S.Korean shares rise as Samsung Electronics advances; set for monthly fall

South Korean shares were on course for a monthly loss, even as the benchmark stock index rose on Wednesday, driven by gains in Samsung Electronics as the chip giant flagged strong demand from an artificial intelligence boom.

The benchmark KOSPI rose 3.18 points, or 0.12%, to 2,741.37 by 0150 GMT.

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Central banks were the main focus for investors, with the Federal Reserve’s decision also anticipated later in the day. Markets expect the U.S. central bank to keep interest rates unchanged but signal potential rate cuts in the future.

Stock Market LIVE Updates | Global Markets Check

S&P 500 futures were little changed as of 9:22 a.m. Tokyo time
Hang Seng futures rose 0.1%
Japan’s Topix fell 0.8%
Australia’s S&P/ASX 200 rose 0.5%
Euro Stoxx 50 futures were little changed
Nasdaq 100 futures rose 0.5%

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By 0020 GMT on Wednesday, Brent crude futures had risen by 39 cents, or 0.5%, to $79.02 a barrel before expiry, while the more actively traded October contract was up 47 cents at $78.54.