Stock Market Live Updates: Stock to buy today: National Aluminium Company (₹204)

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 10 July 2024.

• July 10, 2024 09:44
  

  Stock Market Live Today: Researchbytes’s Recent Interview. as of 18:32 PM Tuesday 09 July 2024

  Aurionpro Sol: Ashish Rai, Vice Chairman

  Aurionpro News: Tapping The Chances In Data Centers, What’s Company Plan For Expanding Biz Further?

  Indian Hotels: Puneet Chhatwal, MD

  Cautiously Optimistic About Achieving 10% Revenue Growth Over FY24; See Margins at over 30%: IHCL

  KIMS Hospitals: Dr. Bhaskara Rao, MD

  Expect Q1FY25 To Be Better In Terms Of Occupancy And Cost Cutting: KIMS

  Maruti Suzuki: Rahul Bharti, ED

  Maruti Suzuki Growth Plans: Eyes 35% Despatches Via Rail In 7-8 Years | Rahul Bharti

  Senco Gold Limited: Suvankar Sen, CEO

  Heat Wave, Elections & Lesser Wedding Dates Have Kept Growth Lower: Senco Gold & Diamonds

  Suraj Estate De: Rahul Thomas, Whole-time Director

  Suraj Estate: Co’s Eye On Q1FY25 Pre-Sales, What Impact Does It Create On Topline Growth?

  Ajmera Realty: Dhaval Ajmera, Director

  Ajmera Realty: Strong Q1 Collection Upto 49%, What’s The Strategy Of Expanding Business In Future?

  CRISIL: Anuj Sethi, Senior Director

  F&B Competitive Intensity Will Remain High This Year: CRISIL Ratings

  Dhanlaxmi Bank: Ajith Kumar KK, MD&CEO

  Bank Has Approval For Raising Upto Rs 300 Cr Via Rights Issue: Dhanlaxmi Bank

  Man Industries: RC Mansukhani, Chairman

  Likely To Increase Its Guidance After Receiving The ?1,850 Cr Line Pipe Order: Man Industries

  Events today…

  Results today…

• July 10, 2024 09:26
  

  Stock Market Live Today: Opening Bell: Sensex, Nifty trade flat amid Powell’s rate cut caution

  Indian benchmark indices, Sensex and Nifty, are trading at near-record high levels after Federal Reserve Chair Jerome Powell provided little indication of the timing of interest rate cuts in the US economy. 

  The 30-share BSE Sensex dropped 148.88 points to 80,202.76 in early trade, while the NSE Nifty fell 31.65 points to 24,401.55. Both the Nifty 50 and the S&P BSE Sensex achieved record high levels and closing highs on Tuesday.Since the start of June, the Nifty 50 has reached record closing highs 15 times out of 26 sessions, one more than the Sensex. 

  Additionally, the Nifty 50 has hit all-time highs 16 times during this period, driven by expectations of policy continuity due to the national general elections and an upgraded economic growth forecast from the central bank.

  According to Prashanth Tapse, Senior VP (Research), Mehta Equities, “Fed Chair Jerome Powell indicates rate cuts depend on inflation reaching 2%. Recent inflation progress hints at possible rate cuts starting in September. Bullish investors eye a Nifty target of 26,000, with focus on US CPI data on July 11th and earnings season kickoff by TCS on the same day.” His recommended trades are Buy Nifty, targeting 25,500, and Bank Nifty, targeting 54,500, and his top stock picks are HINDALCO (target Rs 750) and LARSEN (target Rs 3,921).

  Shrikant Chouhan, Head Equity Research, Kotak Securities said, “Nifty and Sensex reached new highs on Tuesday. Market momentum remains positive with key support at 24,300/80,000. Resistance is seen at 24,500-24,600/80,500-80,800. Bank-Nifty holding above 52,000 is positive, targeting 53,000. Below 52,000, it may fall to 51,700 or 51,500.”In his testimony to the US Congress, Jerome Powell refrained from giving any signals about the timing of future interest rate actions. 

  According to the CME FedWatch Tool, the probability of a 25 basis point rate cut by the Fed in September decreased slightly to 73% from 77% the previous day, though expectations of a 50 basis point cut in 2024 remain unchanged.

  The potential impact of US interest rate decisions on the Indian stock market is significant. Lower US rates make emerging markets like India more attractive to foreign investors. US rate-sensitive IT stocks will be focused ahead of the quarterly results of Tata Consultancy Services, India’s top software services provider, later in the week.

• July 10, 2024 09:18
  

  Stock Market Live Today: GM Breweries Ltd. | CMP Rs. 903 | M Cap Rs. 2063 Cr | 52 W H/L 950/440

  (Nirmal Bang Retail Research)

  Result ok

  Revenue from Operations came at Rs. 152.4 Cr (-4.7% QoQ, 3.8% YoY) vs QoQ Rs. 159.9 Cr, YoY Rs. 146.9 Cr

  EBIDTA came at Rs. 31.5 Cr (24.8% QoQ, 16.2% YoY) vs QoQ Rs. 25.2 Cr, YoY Rs. 27.1 Cr

  EBITDA Margin came at 20.6% vs QoQ 15.8%, YoY 18.4%

  Adj. PAT came at Rs. 24.9 Cr vs QoQ Rs. 86.6 Cr, YoY Rs. 19.9 Cr

  Quarter EPS is Rs. 10.9

  Stock is trading at P/E of 13.2x TTM EPS

• July 10, 2024 09:17
  

  Stock Market Live Today: Stocks to watch out for today

  RVNL: Company emerges lowest bidder for a project worth ₹202.87 crore of South Eastern Railway. 

  Shilpa Medicare: Company unit’s Raichur API facility in Karnataka clears GMP inspection conducted by Brazil regulatory agency 

  Infosys: Company in 5-year deal with Sector Alarm to develop financial and business operating models. 

  KDDL: Approval of Buyback through “Tender offer” route at Rs 3700/Sh

  Waaree Renewable: Company secures 412.5 MW solar project in Rajasthan 

  KIMS: Company has executed a Share Purchase agreement to acquire 100% Equity Stake in Chalasani Hospitals private Limited

  Ascensive Educare: Company entered into pacts with blue dart express, Delhivery, pact for recruitment and payroll management

  Advait Infratech: Company wins order worth 73cr rupees

  BPCL/IOC: Russia has offered the scheme reduction of transaction fees on the oil imports 

  BLS International: Acquired 100% stake in idata, turkey based visa and consular service provider by BLS International Holding Anonim Sirketi, Turkey. 

  RS Soft: Q1 Sl Net Profit 30m Rupees Vs 23m, Q1 Revenue 187m Rupees Vs 111m YoY 

  IGL/MGL/Gujarat Gas/ATGL: The Govt is likely to provide big relief to the City gas distribution companies in the budget. 

  Ashiana Housing: Company looks to expand to Mumbai, Delhi NCR, Bengaluru amid real estate boom 

  HG Infra: Company and Ultra Vibrant Solar Energy ink deal for projects worth Rs 465 crore. 

  Adani Power: Mahan Energen, in 20-year power purchase agreement for 500 MW with Reliance Industries. 

  Adani Ports: Company get LoI for developing and operating Berth No. 13 at Deendayal Port in Gujarat with a concession period of 30 years. 

  Havells: Company is planning expansion of manufacturing capacity of cables at Alwar plant. 

  ONGC: Company to invest ₹2 lakh crore to meet net zero emission target. 

  Wipro: Cognizant Technology says that CFO Jatin Dalal has resolved lawsuit with Wipro.

  JSW Steel: Company consolidated production at 6.35 million tons, down 1% year-on-year. 

  Varun beverages: Company issued a $27.5 million corporate guarantee for its subsidiary varun beverages international DMCC, valid until June 30, 2027, in favor of ICICI bank’s DIFC branch in Dubai. 

  Parag Milk: Company executed first amendment agreement to FCCB subscription agreement with IFC, revision in conversion price of FCCBS from 145 rupees to 135 rupees per share

  RMC Switchgears: Company wins order worth 4.76cr rupees

  Mahindra & Mahindra: Company cuts prices of top-end variants of XUV7OO SUV by almost Rs 1 lakh. 

  IRM Energy: Karan Kaushal resigns as CEO of Company effective July 31. 

  Delhivery: Cananda Pension Plan Investment Board likely to sell 3.17% equity of Delhivery via block deal. 

  Mankind Pharma: Capital Group affiliate, Hema CIPEF to sell 0.9% stake of Mankind Pharma via block deal. 

  Bank of Baroda: Hikes lending rates by 5 bps on most of tenures from July 12 

  M&M: Mahindra Group reduces the price of its top XUV700 model to ₹19.49 lakh ex-showroom 

  Reliance: Company introduced the successor to last year’s JioTag, called the JioTag Air.

  Marathon Nextgen: Company’s pre-sales area at 79,239 square feet, down 45% year-on-year. 

  Delta Corp: Net profit at Rs 21.7 crore versus Rs 67.9 crore, EBITDA margin 17.35% VS 37.07% YoY.

• July 10, 2024 09:06
  

  Stock Market Live Today: Block deals

  BSE BLOCK DEAL 23432500 Delhivery @388.45

  NSE BLOCK DEAL 14734000 NYKAA@174.04

• July 10, 2024 09:06
  

  Stock Market Live Today: Snowman Logistics; company has received demand notices from the Income Tax Department for Rs. 17.54 crore

• July 10, 2024 09:05
  

  Stock Market Live News: Investor Rekha Rakesh Jhunjhunwala reduces stake to 5.44%

  CRISIL Q1: INVESTOR REKHA RAKESH JHUNJHUNWALA REDUCED STAKE TO 5.36% FROM 5.44% 

  DIIs STAKE REDUCED TO 12.51% FROM 12.96%

  FIIs STAKE INCREASED TO 7.2% FROM 7.17%

• July 10, 2024 09:05
  

  Stock Market Live News: Gulf Oil Lubricants

  GULF OIL LUBRICANTS Q1: DIIs STAKE INCREASED TO 5.88% FROM 5.02 %

  FIIs STAKE REDUCED TO 5.65% FROM 7.08%

• July 10, 2024 09:04
  

  Stock Market Live News: PG Electroplast to reinvest in PLI scheme for white goods, expects strong growth in AC segment

  PG ELECTROPLAST MANAGEMENT SAYS Welcomes the reopening of the PLI Scheme and plans to invest again in the PLI Scheme for white goods

  * Formalizing its strategy to invest in the PLI scheme for white goods P

  * Seeing very strong demand in the AC segment

  * Revenue guidance of ₹3,400 crore for FY25

  * Expecting ₹500 to ₹600 crore in revenues from JV for TVs

  * AC and washing machine businesses are growing at around 40%

  * Expanding further capacity on the AC side to capture the demand for the next summer season. planning to launch a couple of new products line soon

  * Under the AC PLI incentive, company expects around ₹50 crore for FY25- Etnow

• July 10, 2024 09:03
  

  Stock Market Live News: Praj Industries – Emerging Segments, Exports Key Focus Areas: Systematix

  Praj Industries Ltd.’s FY24 performance was a mixed bag; revenue fell a tad, while profitability improved on healthy gross margin expansion. In its FY24 annual report, the company shared its vision of building a bio-based future using sustainable and innovative solutions.

  It expects to transform the business and shift focus to emerging segments like compressed biogas, energy transition and climate action and sustainable aviation fuel, to deliver profitable growth over the long term.

  The company is also looking to deepen its international presence through unique and innovative decarbonization solutions. Praj is a dominant player in the domestic bioenergy sector, marked by sustained robust order book supported by healthy inquiries, and growing traction in starchy feedstock plants and CBG.

  The sharp ~40% run up in its stock price since our report dated June 01, 2024, has led us to downgrade Praj to Hold from Buy. But we raise our target price to Rs 729 (Rs 607 earlier), based on 30 times FY26E price/earning (earlier 25 times).

  Key risks: Change in government of India’s ethanol blending policy, inability to pass-through raw material cost volatility and technology obsolescence.

• July 10, 2024 09:03
  

  Stock Market Live News: Demerger Update_Record Date Tomorrow

  Raymond Limited (Demerged Company)

  Raymond Lifestyle Limited (Resulting Company)

  Symbol: RAYMOND

  Stock Price: 3078.30/-

  Last cum date: 10 July 2024 (Today)

  Record date: 11 July 2024u0009

  Ratio : 4:5 (For every 5 shares held in Raymond, the shareholders will receive 4 shares in Raymond Lifestyle)

• July 10, 2024 09:02
  

  Stock Market Live News: Bonus Issue Dates

  Alliance Integrated Metaliks Ltd.

  Bonus issue 2:1

  Previous day Closing Price – Rs. 96.25

  Ex Bonus 11 July 2024 (Tomorrow)

  Last date Trade for Before Bonus Today

• July 10, 2024 09:02
  

  Stock Market Live News: Dividend Dates

  Ex-Dividend 11 July 2024 (Tomorrow)

  Last date for Cum-Dividend Today

  Bharat Seats Ltd.

  Dividend Per Share Rs.1.6

  Previous day Closing Price – Rs. 168.6

  Century Textiles & Industries Ltd.

  Dividend Per Share Rs.5

  Previous day Closing Price – Rs. 2238.85

  Oriental Hotels Ltd.

  Dividend Per Share Rs.0.5

  Previous day Closing Price – Rs. 141.95

  Route Mobile Ltd

  Dividend Per Share Rs.2

  Previous day Closing Price – Rs. 1803.2

  Sky Industries Ltd.

  Dividend Per Share Rs.1

  Previous day Closing Price – Rs. 121.2

  Vimta Labs Ltd.

  Dividend Per Share Rs.2

  Previous day Closing Price – Rs. 516.65

  Vtm Ltd.

  Dividend Per Share Rs.0.75

  Previous day Closing Price – Rs. 69.62

  Sinclairs Hotels Ltd.

  Dividend Per Share Rs.1

  Previous day Closing Price – Rs. 113.25

• July 10, 2024 09:02
  

  Stock Market Live News: Jaya Diagnostics

  Al Mehwar Commercial Investments LLC sold 22.5 lk shares @ 783

  Kotak Mahindra MF bought 11 lk shares @ 783

  Kotak Mahindra MF bought 7 lk shares @ `783

• July 10, 2024 09:01
  

  Stock Market Live News: Shilpa Medicare’s API manufacturing Unit II in Raichur gets GMP certification from ANVISA-Brazil

  Shilpa Medicare:

  WOS Shilpa Pharma Lifesciences Limited’s API manufacturing Unit II in Raichur had undergone a GMP inspection by ANVISA-Brazil from April 15-April 19, 2024. Following a successful inspection, the Unit has been issued GMP Certification from ANVISA-Brazil.

• July 10, 2024 09:00
  

  Stock Market Live Today: Stock Recommendations: GS On CreditAccess Grameen

  Buy, TP Rs 1784 

  Stress Test Offers Limited Downside, Risk-Reward Attractive

  See Avg RoA/RoE Of 4.2%/17% Even If Credit Costs Rise To Avg 3.4% Over FY25-27

  Stress Case Scenario Offers 16% Downside

  Co Will Be Able To Meet Its Guidance

• July 10, 2024 09:00
  

  Stock Market Live Today: Stock Recommendations: Investec On BSE

  Buy, TP Rs 3400 

  Close Long Fast On Stk

  Regulatory Risks Could Be Severe Than Expectations

  Regulatory Risks May Outweigh Benefits Of Rising Vols

  Co Aims To Protect Profitability Through Higher Market Share, Lower Clearing Charges

• July 10, 2024 09:00
  

  Stock Market Live News: MANKIND PHARMA-BLOCK TODAY

  Hema CIPEF to sell 0.9% stake worth Rs 763cr

  Deal at Rs 2061/share – 2% discount

  Hema CIPEF currently owns 2.22% stake

  Alert-HEMA CIPEF is FII Capital Group Affliate

• July 10, 2024 08:59
  

  Stock Market Live News: DELHIVERY-BLOCK TODAY

  Canada Pension to sell 3.17% stake worth Rs 885 cr

  Deal at Rs 378 – INR 389 per share (Upto 3.5% discount)

  Complete exit expected

  Alert:Canada Pension sold 2.8% stake on April 25 worth Rs 900cr

• July 10, 2024 08:59
  

  Stock Market Live Today: Stock Recommendations: Pidilite Mgmt Meet Key Takeaways: Nuvama

  Core category would continue to do well

  Sharply scaling up the sealants category

  Sales from ecommerce have surged 14x in three years

  Have big plans to become a major player in the electronics and EV adhesive markets

• July 10, 2024 08:58
  

  Stock Market Live Today: Stock Recommendations: JEFFERIES ON SUPREME INDUSTRIES

  * Maintain Buy; Hike target price to Rs 6,700 from Rs 5,390

  * Pipe Volumes up +27% YoY in Apr-May 2024, despite high base

  * Focus on Value-added sales can aid margin resilience

  * SKU breadth and distribution depth act so as key moats for share gains

  * View co. as a good play on housing, capex, agri; est +25% EPS CAGR over D FY24-27

• July 10, 2024 08:58
  

  Stock Market Live Today: BERNSTEIN INDIA STRATEGY

  * Expect to get some precious inputs in the upcoming budget

  * Markets are pricing in a growth oriented budget with a fiscal consolidation path

  * Any meaningful social narrative, given the compulsions of a coalition government and loss of mandate in elections, is not priced in

  * An immense need is to continue the infra spending; thus, infra will continue to winpor in Modi 3.0

  * Expecting major taxation changes is being too optimistic

  * Agri loan waivers to stay out of union budget

• July 10, 2024 08:58
  

  Stock Market Live Today: Stock Recommendations: MACQUARIE ON MARUTI

  * Maintain Neutral with target price of Rs 11,565

  * Second largest state reduces tax on strong hybrid to zero

  * This reduces price premium for strong hybrid Vs ICE from ~20% to ~10%

  * This is sentiment positive for Maruti – 20% strong hybrid market share in CY2023

  * UP accounts for 10-11% of car sales in India with Maruti having ~44% market share

  * Lower taxes will reduce the payback period from 11-years to 5-years

  * Focus on localizing strong hybrid technology can further reduce ownership cost, driving market share gains in the medium term

• July 10, 2024 08:57
  

  Stock Market Live Today: MORGAN STANLEY INDIA STRATEGY

  * Earnings growth is likely to decline in Q1FY25 from a high base

  * We remain in an earnings upcycle evidenced by a 15th straight quarter of double digit earnings compounding

  * Overweight on Financials, Cons Disc, Industrials and Technology and are avoiding external facing sectors

  * Over half of MS coverage universe is expected to report margin expansion

• July 10, 2024 08:57
  

  Stock Market Live Today: Stock Recommendations: INCRED ON LTIMINDTREE

  * Upgrade to Add from Reduce; Hike target price to Rs 5,998 from Rs 5,377

  * Recovery in E&U & FSI verticals & large customers could aid revenue growth

  * Margin underperformance likely bottoming out

  * FSI, hi-tech recovery could aid double-digit YoY growth in Q4FY25

• July 10, 2024 08:56
  

  Stock Market Live Today: Stock Recommendations: CLSA ON GODREJ CONS

  (CMP: 1,412)

  UNDERPERFORM MAINTAIN TARGET: 1,079

  * Remain Cautious On The Company

  * Insecticides Category Growth Is Structurally Slowing

  * Overseas Business, While Being Rationalised, Still Face Currency Challenges

• July 10, 2024 08:56
  

  Stock Market Live Today: Listing of Bansal Wire Industries Limited on 10th July, 2024 

  Symbol: BANSALWIRE 

  Series: Equity “B Group” 

  BSE Code: 544209 

  ISIN: INE0B9K01025 

  Face Value: Rs 5/- 

  Issued Price: Rs 256/- per share

• July 10, 2024 08:55
  

  Stock Market Live Today: Listing of Emcure Pharmaceuticals Limited on 10th July, 2024 

  Symbol: EMCURE 

  Series: Equity “B Group” 

  BSE Code: 544210 

  ISIN: INE168P01015 

  Face Value: Rs 10/- 

  Issued Price: Rs 1008/- per share

• July 10, 2024 08:55
  

  Stock Market Live Today: Pre-market views by Avdhut Bagkar Technical and Derivatives Analyst, StoxBox.

  The US market showcased a lack of momentum as the indices bounced back and forth and ended up with a mixed performance, with S&P and Nasdaq closing in for their new high and DJIA being edged. This comes after Federal Reserve Chair Jerome Powell’s testimony, which suggests concern that holding interest rates too high for too long could jeopardize economic growth. The US CPI report is due on Thursday and is expected to show inflation easing, and the producer price inflation report is expected to be issued on Friday. The Asian market was trading subdued as Chinese macro data failed to meet street estimates. However, Hang Seng trades in the green zone as the Hang Seng Tech Index rises by over 2%. The Indian market is expected to open slightly higher on Wednesday despite mixed signals from global markets. Emcure Pharma and Bansal Wire IPO shares are set to debut today, with expectations of significant gains. Investors will also closely watch earnings season, which starts tomorrow with IT giant TCS reporting its Q1FY25 numbers. Valuation concerns persist as we approach the forthcoming Budget, but institutional participants hold their positions in anticipation of the market’s direction following the Budget.

  The benchmark index opened 30 points higher in the previous trading session and displayed some mild volatility during the first hour of trading. After the initial fluctuations subsided, a strong bullish momentum propelled the index to achieve new record highs of 24443. Market breadth and momentum remained positive, with sectoral indices also performing well. The index is trading near its 5-day EMA, which is its immediate support at 24314. Sustaining above this level will likely continue to attract bullish strength.

  Sup: 24400-24310-24225

  Res: 24450-24500-24600

• July 10, 2024 08:50
  

  Stock Market Live News: Today’s Market Morning Inputs by Shrikant Chouhan, Head Equity Research, Kotak Securities

  Benchmark indices registered a new all-time high on Tuesday, with Nifty closing 97 points higher after a promising uptrend rally while Sensex ended 391 points higher. Among sectors, the auto index gained over 2 per cent while intraday profit booking was witnessed in select IT, oil and gas stocks.

  Technically, the market maintained positive momentum throughout the day after a positive opening. A bullish candle on the daily chart and higher bottom formation on an intraday chart indicate a further uptrend from current levels. Currently, 24300/80000 would act as a key support zone for trend-following traders. We believe, that as long as the market is trading above it, the bullish sentiment will likely continue. On the higher side, 24500 -24600/80500-80800 would be the immediate resistance zones for day traders. However, below 24300/80000 the sentiment may change. It will weaken below the same momentum.

  The Bank-Nifty is holding above the level of 52000, which is positive and can help the index move towards the upper boundary at 53000. Below 52000 it may gradually fall to 51700 or 51500 levels.

• July 10, 2024 08:40
  

  Stock Market Live News: Pre-opening market comment by Prashanth Tapse, Senior VP (Research), Mehta Equities

  Federal Reserve Chairman Jerome Powell insists that a rate cut is not appropriate until there is greater confidence that inflation is moving sustainably toward 2%. Recent inflation readings have shown modest progress, and more positive data could strengthen the case for a rate cut, possibly as soon as September, with up to three cuts anticipated this year. Amid this backdrop, bullish investors are revising their Nifty targets higher to 26,000, and attention is now on the US CPI data due on July 11th. The upcoming earnings season, beginning with TCS on July 11th, is expected to be an exciting time for stocks, while the countdown to the union budget presentation by Finance Minister Nirmala Sitharaman on July 23rd has begun. Preferred trades include buying Nifty at CMP with targets up to 25,500 and Bank Nifty between 52,100-52,200 with targets up to 54,500. Top stock picks are HINDALCO and LARSEN, both recommended as momentum plays with aggressive targets of 750 and 3,921, respectively.

• July 10, 2024 08:32
  

  Commodities Market Updates: Gold rangebound with spotlight on US inflation reading

  Gold traded in a narrow price range on Wednesday as investors looked forward to a key U.S. inflation reading that could shed more light on the Federal Reserve’s interest rates trajectory.

  Spot gold rose 0.2% to $2,367.79 per ounce by 0229 GMT. U.S. gold futures climbed 0.3% to $2,374.10. – Reuters

• July 10, 2024 08:31
  

  Stock Market Live Today: Market outlook: Deepak Jasani, Head of Retail Research at HDFC Securities 

  U.S. stocks finished mostly higher on Tuesday with the S&P 500 and the Nasdaq Composite reporting small gains to end at record levels, while the Dow Jones Industrial Average fell for a second session. Investors on Tuesday digested Federal Reserve Chair Jerome Powell’s remarks to Congress, which did little to change market bets that policymakers may be able to start cutting interest rates in September.

  Powell said elevated inflation is not the only risk the economy is facing, and the policymakers were paying closer attention to the cooling labor market. Powell on Tuesday expressed concern that holding interest rates too high for too long could jeopardize economic growth.

  Tesla Inc.’s stock cruised Tuesday to clinch its longest winning streak in more than a year and close at its highest level since October. The company’s stock TSLA rose 3.7% in Tuesday trading to log its 10th session in a row of gains — its longest stretch of consecutive increases since it rose for 13 trading days in a row during a period that ended last June, according to Dow Jones Market Data.

  China’s consumer price inflation rose by 0.2% in June from a year ago, missing expectations, while producer prices fell in-line with forecasts, data from the National Bureau of Statistics on Wednesday showed. China’s consumer price index was expected to rise by 0.4% year-on-year in June, according to a poll by Reuters. The producer price index, which measures factory-gate prices, dropped by 0.8% from a year ago — in line with expectations.

  Asia-Pacific markets were mixed on Wednesday, even as key US benchmarks rose following dovish comments from U.S. Federal Reserve Chairman Jerome Powell overnight.

  After opening the day higher on July 09, benchmark indices continued the momentum as the session progressed on and ended the day higher. At close, Nifty was up by 112 points or 0.46% at 24433. Short term trend of the Nifty continues to remain positive. Recent swing low of 24168 is likely to offer an immediate support for the short term, while immediate resistance is seen at 24610 in Nifty.

• July 10, 2024 08:08
  

  Stock Market Live Today: Emkay Global recommends HG Infra with a “BUY” rating

  Emkay Global 

  We re-initiate coverage on HG Infra (HGIEL) with a BUY and SOTP-based TP of Rs2,100/sh. HGIEL’s makeover from a small subcontractor into a diversified infra play offers best-in-class operating & financial metrics and has supported swift, stress-free growth. HGIEL’s mainstay (roads) saw order slow-down in FY24 in the run up to the elections and due to restrictions on MoRTH-NHAI (cost overrun in Bharatmala, NHAI issues, aggressive past). But the GoI’s new Vision India@2047 plan in a post-election cycle is expected to revive awarding (mgmt. guides to Rs120bn total inflows in FY25 vs Rs45bn in FY24). HGIEL is also expanding into Railways where focus on high-speed corridors, freight, & station upgrade should support mid-term growth. Solar and Water are other prospects, with Rs13bn worth orders already secured under solar scheme Kusum

• July 10, 2024 08:05
  

  Stock Market Live Today: IPO screener: Emcure Pharma listing today

  Shares of Emcure Pharmaceuticals will be listed on the bourses today after a fairly successful IPO. Bain Capital-backed Emcure Pharma has fixed the IPO price at ₹1,008, at the upper end of the price band of ₹960-1,008. The issue was subscribed 67.87 times.

  Shivani Nyati, Head of Wealth, Swastika Investmart Ltd, said the stock is set for a stellar debut. The IPO has captivated investors, with a remarkable grey market premium (GMP) of ₹372, translating to a significant 36.9 per cent premium over the issue price.

  Emcure Pharma hit the market with an IPO size of ₹1,952.03 crore—a fresh issue of 79 lakh shares worth ₹800 crore and an offer-for-sale (OFS) of 1.14 crore shares totaling ₹1,152.03 crore.

• July 10, 2024 08:04
  

  Stock Market Live Today: IPO screener: Bansal Wire to debut on bourses with strong subscription

  Shares of Bansal Wire Industries will make their debut at the bourses on Wednesday. Bansal Wire, an 100 per cent fresh issue, was subscribed 59.57 times. 

  The ₹745-crore initial public offering came out with a price band of ₹243-256 and the IPO price has been fixed at ₹256. The QIBs, who remained lukewarm during the first two days, stepped up their bidding on the last day, as their quota was subscribed 146 times. The portion reserved for HNIs saw aggressive bidding of 51.46 times, followed by retail investors at 13.64 times.

• July 10, 2024 07:46
  

  Stock Market Live Today: Stocks that will see action today: July 10, 2024

  Buzzing stocks: Infosys, Adani Ports, KIMS, RVNL, RateGain, KDDL, HG Infra, GMDC, BLS International, Kesoram, Alembic Pharma, Mehai Tech, SRG Housing

• July 10, 2024 07:36
  

  Stock Market Live Today: Securities in F&O Ban For Trade Date 10-July-2024  

  * ABFRL

  * BALRAMCHIN

  * BANDHANBANK

  * CHAMBAL

  * GNFC

  * IEX

  * INDIACEM

  * INDUSTOWER

  * PEL

• July 10, 2024 07:36
  

  Stock Market Live News: China CPI (YoY) (June)

  Actual: 0.2% 

  Expected: 0.4%

  Previous: 0.3%

  China PPI YoY (Jun)

  Actual: -0.8%

  Expected: -0.8%

  Previous: -1.4%

  (Chinese CPI inflation continued to remain tepid indicates the demand concerns)

• July 10, 2024 07:35
  

  Stock Market Live Today: Q1FY25 EARNING CALENDAR 10.07.2024

  JTLIND, KESORAMIND, TATAELXSI

  TATAELXSI

  ▪️Rupee Revenue expected at Rs 924 crore versus Rs 906 crore

  ▪️EBIT expected to be seen at Rs 232 crore versus Rs 233 crore

  ▪️EBIT margin expected to be seen at 25.10% versus 25.72%

  ▪️Net profit expected to be seen at Rs 194 crore versus Rs 196 crore

  Q1FY25 EARNING CALENDAR 11.07.2024

  GTPL, NELCO, TCS

• July 10, 2024 07:35
  

  Stock Market Live Today: Economic Calendar – 10.07.2024 

  07:00 CHINA CPI y/y (Expected: 0.4% versus Previous: 0.3%) 

  07:00 CHINA PPI y/y (Expected: -0.8% versus Previous: -1.4%) 

  19:30 U.S. Fed Chair Powell Testifies

• July 10, 2024 07:18
  

  Stock Market Live Today: Modi, Putin set bilateral trade target of $100 billion by 2030

  India and Russia agreed to set a bilateral trade target of $100 billion by 2030, up from about $65 billion at present, and focus on increasing Indian exports to Russia to achieve a more balanced and sustainable trade, at the annual summit chaired by Prime Minister Narendra Modi and Russian President Vladimir Putin in Moscow on Tuesday.

  “Our talks covered ways to diversify India-Russia cooperation in sectors such as trade, commerce, security, agriculture, technology and innovation. We attach great importance to boosting connectivity and people-to-people exchanges,” according to a post by Modi on social media platform ‘X’ on Tuesday.

• July 10, 2024 07:07
  

  Stock Market Live Today: Stock to buy today: National Aluminium Company (₹204)

  The stock of National Aluminium Company has begun a fresh leg of uptrend this month. It took support at ₹186 and rallied over the past week. On Monday, it broke out of the resistance at ₹200 and hit a record high of ₹209.60. The chart is clearly bullish and the decline in price on Tuesday is mostly likely to be a corrective fall. 

• July 10, 2024 07:04
  

  Stock Market Live News: US economy no longer overheated, Fed’s Powell tells Congress

  The U.S. is “no longer an overheated economy” with a job market that has cooled from its pandemic-era extremes and in many ways is back where it was before the health crisis, Fed Chair Jerome Powell said in remarks to Congress that suggested the case for interest rate cuts is becoming stronger.

  “We are well aware that we now face two-sided risks,” and can no longer focus solely on inflation, Powell told the Senate Banking Committee on Tuesday. “The labor market appears to be fully back in balance.” – Reuters

• July 10, 2024 07:00
  

  Stock Market Live news: HP Adhesives invests ₹2 crore in UnityBond Solutions

  HP adhesives: Company subscribed to additional shares of UnityBond Solutions deal for 20M rupees. Target company intends to carry on the business of manufacturing, distribution and/or trading of adhesives and sealants.

• July 10, 2024 06:57
  

  Stock Market Live News: HGInfra signs MoU with UltraVibrantSolarEnergy

  #HGInfra signs MoU with #UltraVibrantSolarEnergy for acquiring project development activities worth Rs 465 crore: Exchange filing

• July 10, 2024 06:56
  

  Stock Market Live News: Key takeaways of Kearney India-Amazon Pay 

  * 90% respondents prefer digital payments during online purchases

  * Both men and women use UPI for 72% of their transactions

  * 52% of offline purchases are still in cash

  * 51% respondent highlighted internet as a major hurdle in UPI payments

  (Source: Kearney India-Amazon Pay Report)

• July 10, 2024 06:56
  

  Stock Market Live Today: Fund Flow Activity: 09 July 2024 (Rs. In Crs.) 

  Turnover: (NSE + BSE) 

  Cash Volume: 135443.29 + 10121.98 Total: 145565.27 

  F&O Volume: 489352.46 + 169195.36 Total: 658547.82 

  Provisional Cash 

  FII/FPI: NET BUY: +314.46 

  (14,537.07- 14,222.61) 

  DII: NET BUY: +1416.46 

  (13,615.06 – 12,198.60)

• July 10, 2024 06:53
  

  Stock Market Live News: Prabhudas Lilladher’s Aqua PMS returns 76% in debut year

  Aqua PMS has returned 76 per cent in its debut year, with an alpha of 37 per cent over the BSE 500, driving its assets under management (AUM) past the ₹340-crore mark. The strategy is run by PL Asset Management, the asset management arm of Prabhudas Lilladher Group.

  Aqua is a 100 per cent quant-based strategy with no human intervention. It follows a rules-based, equal-weighted approach and remains benchmark agnostic. Its investment framework analyses over 1,000 indicators to create an optimal portfolio mix.

• July 10, 2024 06:52
  

  Stock Market Live News: Ashwin Sheth group plans to raise ₹2,500-3,000 crore in IPO

  Realtor Ashwin Sheth Developers is planning to float an initial public offering in the next 18-24 months to raise anywhere between ₹2,500 and ₹3,000 crore, its top officials said.

  It is also planning to invest ₹4,500 crore over the next 3-5 years even as it is prepared to foray into other cities such as Delhi, Bengaluru, Hyderabad, Chennai, and Goa. In Bengaluru, it is close to launching three projects; in Pune, it is considering signing some term sheets; while it is still exploring the Delhi-National Capital Region and other cities, said Chairman and Managing Director Ashwin Sheth.

• July 10, 2024 06:50
  

  Stock Market Live News: At ₹40,608 crore, MFs asset and equity inflows hit a new high in June

  Inflows into the equity mutual fund hit a record high of ₹40,608 crore in June on back of buoyant equity market and huge fund raise through new fund offer.

  The equity fund inflows were up 17 per cent compared to ₹34,697 crore logged in May, according to the Association of Mutual Funds in India data released on Tuesday.

  Mutual funds have collected ₹15,227 crore through 17 new fund offers. Of the ₹14,370 crore was raised through 11 equity NFOs. While nine thematic funds mopped-up ₹12,976 crore, one each of multi-cap and small-cap NFOs raised ₹1,051 crore and ₹345 crore.

• July 10, 2024 06:43
  

  Trading guide for July 10, 2024: Intraday supports, resistances for Nifty50 stocks

  Here are the intraday supports and resistances for widely traded stocks such as Reliance Industries, ITC, ONGC, Infosys, HDFC Bank, TCS, and SBI

• July 10, 2024 06:42
  

  Stock Market Live Today: Today’s Stock Recommendation: 10 July 2024

  Here’s an interesting stock idea: The stock that we have today is National Aluminium Company. It broke out of a resistance and hit record high early this week. The price action is bullish and we anticipate further rally from the current level.