08 Jul 2024 | 12:50:48 PM IST
Indian stock market indices edged down on Monday, influenced by declines in jeweler and watchmaker Titan following disappointing quarterly sales growth. Meanwhile, small- and mid-cap stocks continued their remarkable upward trend, fueled by robust retail inflows, extending their record rally.
Market View by Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
Positive news flows can impart resilience to the market in the near-term. The bullish undertone in the US market will be supported by the latest jobs data for June which has come weak, but better-than-expected at 2,06,000 jobs. US unemployment climbing to 4.1% indicates an economy cooling slowly. Disinflation and rising unemployment creates the ideal macro backdrop that can facilitate a rate cut by the Fed in September itself. This is positive for global equity markets.
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Sensex Today | Stock Market LIVE Updates | Tata Motors Q1 Update
- Q1 global wholesale is up 2% at 3.29 lakh units YoY
- Global PV sales down 1% YoY
Price as on 12.50.46 PM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates | RIL shares hit fresh 52-week high
Stock Market LIVE Updates | French shares dip after left wins most seats in parliamentary elections
French stocks declined on Monday following news that the leftist New Popular Front alliance secured the most seats in a hung parliament, lacking a clear governing majority.
Shares of BNP Paribas, France’s largest bank, fell by 1.2%, while SocGen saw a dip of 1.4%.
Europe stocks fall on French post-election uncertainty
Europe’s stock markets slid in opening deals on Monday after snap French elections in which a hung parliament appeared the likeliest outcome.
In the eurozone, the Paris CAC 40 benchmark stocks index sank 0.4 percent and Frankfurt’s DAX shed 0.1 percent, while London’s FTSE 100 index was down 0.3 percent in value.
Sensex Today | Stock Market LIVE Updates | BUZZING! Paytm shares surge 8%
Sensex Today | PC Jewellers shares hit 10% upper circuit on PNB approval for one-time settlement of dues
PC Jewellers stock surged by 10% to Rs 56.2 on Monday on the BSE after receiving approval from Punjab National Bank (PNB) for settling its outstanding dues through a one-time settlement.
Price as on 12.22.04 PM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates | Sensex drops 200 points
Sensex Today | Stock Market LIVE Updates | Adani Group stocks tick lower
Price as on 12.11.20 PM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates | Top gainers & losers at this hour
Price as on 12.03.48 PM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates | Man Industries receives order for offshore line pipesworth Rs 1,850 crores; stock jumps 6%
Price as on 11.46.20 AM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates | Edelweiss Financial Services announces Rs 200 crore public issue of secured redeemable Non-Convertible Debentures (NCDs)
Price as on 12.14.58 PM, Click on company names for their live prices.
Sensex Today | L&T wins Rs.10,000- 15,000 crore order to build solar plants in Middle East
Price as on 11.03.44 AM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates | Phoenix Mills Q1 Update
- Consumption (i.e. retailer sales) in Q1 FY25 at ~Rs. 3,214 cr, up 25% over Q1 FY24.
- Gross Retail collections stood at ~Rs. 794 cr in Q1 FY25, up ~28% over Q1 FY24.
- Commercial Offices: Strong leasing traction seen in Q1 FY25, with gross leasing of ~1.51 lakh sq. ft. in the currently operational assets at Kurla, Mumbai and Vimannagar, Pune.
- Residential: Sales trajectory has seen good improvement backed by strong demand and faster conversions.
Price as on 10.53.13 AM, Click on company names for their live prices.
Sensex Today | Stock market today: Asian stocks mostly fell, Euro drop on French election outcome
On Monday, Asian stocks generally declined as the Euro weakened following unexpected outcomes in the French election, contrasting with U.S. stocks which reached new highs on Friday, buoyed by favorable job market reports.
The Euro briefly surpassed $1.08 before its gains were restrained by surprising results from the French parliamentary elections.
China stocks fall for fifth session as economic, geopolitical woes weigh
Chinese stocks experienced their fifth consecutive session of decline on Monday, as investors awaited potential policy stimulus from upcoming government meetings. The market downturn occurred against the backdrop of a sluggish economic recovery, escalating geopolitical tensions, and growing foreign outflows.
Sensex Today | Stock Market LIVE Updates | Tata Motors shares surged 1.5% in early trade after the company posted a 5% year-on-year growth in JLR factory-level sales in the June quarter.
Price as on 10.08.05 AM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates | Nestle India announces dividend of Rs 2.75 per share
Price as on 09.41.39 AM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Update | Titan share price declined 4% after the company reported weak growth in the jewellery business during the first quarter of FY25, disappointing the street.
Price as on 09.39.50 AM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates | BEL, NHPC among most active stocks in morning trade
Price as on 09.33.16 AM, Click on company names for their live prices.
Rupee rises 5 paise to 83.44 against US dollar in early trade
Sensex Today | Stock Market LIVE Updates | Heatmap: Top Sensex gainers & losers in today’s trade
Sensex Today | Stock Market LIVE Updates | Nifty tests 24,300
Sensex Today | Stock Market LIVE Updates | Opening Bell: Sensex falls over 150 points, Nifty tests 24,300; BoB drops 3%, Titan 2%
Sensex Today | Stock Market LIVE Updates: Sensex drops 300 points; Nifty below 24,300 in pre-open trade
Stock Market LIVE Updates: Saurabh Mukherjea gives 3 themes that can create new opportunities for Indian investors
Saurabh Mukherjea, Founder & Chief Investment Officer of Marcellus Investment Managers, a prominent player in portfolio management services (PMS), emphasized three key themes that are shaping new investment opportunities in India.
Stock Market LIVE Updates | Positive Breakout: These 4 stocks cross above their 200 DMAs
On July 5, four stocks in the NSE’s list of companies with a market capitalization exceeding Rs 10,000 crore saw their closing prices rise above their 200-day moving averages (DMA).
Brokerage Radar: JPMorgan on Marico
- Overweight with TP of Rs 660
- Q1 revenue ahead of expectations; on track to reach double-digit growth in H2
- Expect pricing growth to turn more favorable in coming quarters as edible oil prices o by normalize
- Expect Value Added Hair Oils (VAHO) growth to turn positive Pin Q2
Stock Market LIVE Updates | Brokerage Radar: CITI On Bank Of Baroda
- Maintain Buy with target price of Rs 300
- Q1FY25 Business Update Growth Moderates Sharply
- Balance Sheet Consolidation, NIM Management Seems The Priority
- Normalization of credit cost seofcould be offset by higher Q1
- seasonality
- Absence of wage revision impact to provide support to broadly stable ROA
Stock Market LIVE Updates | Brokerage Radar: Goldman Sachs On Titan
- Maintain Buy; Cut target price of Rs 3,700 from Rs 3,800
- Q1 revenue update was disappointing
- Jewellery slowdown much sharper than expected
- Key competitor did much better in 1Q, which is a cause for concern
- Titan’s jewellery margins also ON likely to be weak
Stock Market LIVE Updates: Sebi likely to act against ‘silent’ PMS firms
Many portfolio management service (PMS) firms’ lack of communication has alarmed regulators amid a booming market. According to a senior official from the Securities and Exchange Board of India (Sebi), numerous PMS service providers have been unresponsive to inquiries, complicating regulatory efforts in recent interactions with the industry.
Stock Market LIVE Updates | Brokerage Radar: Investec On Power Utilities
- NHPC – Initiate Buy with TP of Rs 124
- Inox Wind – Initiate Buy with TP of Rs 176
- Kalpataru Projects – Initiate Buy with TP of Rs 1,473
- KEC International – Initiate Buy with TP of Rs 1,002
- JSW Energy – Initiate Hold with TP of Rs 687
- Power demand to remain strong over FY24-FY32
- Onus back on thermal to meet rising demand
- Wind and Transmission space to witness fresh capex on RES play
- 18
- Despite these developments, country could witness peak deficit
Stock Market LIVE Updates | Big movers on D-Street: What should investors do with Raymond, RBL Bank and AstraZeneca India?
The NSE benchmark Nifty extended its gains to close at a new record high for the third consecutive session on Friday, whereas the BSE index Sensex pulled back from its peak, dropping below the 80,000 level.
Euro dips as markets brace for post-election gridlock in France
The euro declined and French bond futures decreased following indications of a hung parliament in French elections, injecting new uncertainty into markets amidst an anticipated period of political deadlock.
During Asian trading, the euro fell by approximately 0.2% to $1.0819, while long-term French bond futures dropped by 20 ticks, leading to an implied yield of 3.13%.
Sensex Today | Stock Market LIVE Updates | D-Street Recap
Indian markets had yet another excellent week for the bulls, with the benchmark indices maintaining their winning streak for the fifth consecutive week.
Here’s how analysts the market pulse:
“Looking forward, market direction will largely be influenced by upcoming earnings reports and discussions on the Union Budget. Global market trends, particularly the robust performance of US markets, will also be closely watched,” said Ajit Mishra – SVP, Research, Religare Broking.
Oil little changed as investors eye impact of storm Beryl on Texas
Oil prices were little changed as investors eyed energy supply disruption, with the largest ports in Texas shut before Tropical Storm Beryl likely strengthens into a hurricane and makes landfall on Monday.
Brent crude futures inched up 11 cents, or 0.1%, to $86.65 a barrel as at 0042 GMT after closing down 89 cents on Friday.
Sensex Today | Stock Market LIVE Updates | Forex News
- The euro fell 0.2% to $1.0823
- The Japanese yen was little changed at 160.63 per dollar
- The offshore yuan was little changed at 7.2914 per dollar
Sensex Today | Stock Market LIVE Updates | Global Market Update
- S&P 500 futures fell 0.2% as of 9:37 a.m. Tokyo time
- Hang Seng futures fell 0.3%
- Japan’s Topix fell 0.4%
- Australia’s S&P/ASX 200 fell 0.4%
- Euro Stoxx 50 futures were little changed
