MARKET OVERVIEW :
Currency Market Overview July 11, 2024
Nifty 50 remains below 24,300, Ahluwalia Contracts shares hit all-time high……Watch BEL, RVNL, SCI…..
Indian benchmark indices Nifty 50 and Sensex opened today’s trade session in the green. However, they are now trading with losses.
Nifty 50 opened at 24,396.55, while Sensex opened at 80,170.09. Nifty 50 ended the previous trade session 136 points away from its recent record high. The index witnessed its biggest single-day fall ever since the Lok Sabha election result day of June 4. TCS remains in focus today as it kickstarts the earnings season for Nifty companies. However, the stock reaction to the earnings will be seen on Friday. Apart from TCS, Glenmark Life, Kesoram Industries, Tata Elexsi, JTL Industries, Sula Vineyards, Power Grid, SBI, Zydus Life, Nykaa, Sona BLW Precision are among the stocks in focus today.
IndeGene Collaborates With Microsoft To Help Life Sciences Companies Scale Up Generative AI Adoption
As many as 36 lakh shares, or 1% equity, of Sun TV, worth Rs 280 crore changed hands at an average of Rs 778 per share.
Big PSU Recovery: Nifty PSE Index Recovers All Losses Made On Lok Sabha Election Result Day
The Nifty PSE Index, a collection of the top 20 state-run companies of the country, has recovered all the losses it made on June 4 this year, the day the Lok Sabha election results were declared. The index had declined 16% on that day.
Stock Market LIVE Updates | Large Trade In SAIL
As many as 1.1 crore shares, or 0.3% equity, of SAIl worth Rs 160 crore changed hands at Rs 151 per share
Ahluwalia Contracts Bags Contract Worth Rs 893.5 Crore From Airports Authority of India
RVNL Bags Order From Central Railway
RVNL shares are trading nearly 3% higher after the company bagged an order worth Rs 138.4 crore from Central Railway.
BEL Shares May Jump To Rs 400, Provided It Crosses A Short-Term Target Of This Chartist
Shares of Bharat Electronics Ltd. (BEL), the Navratna defence PSU, have rallied 165% in the last 12 months. The stock has risen over 80% so far this year.
Market expert Ashish Bahety now believes that the BEL stock has the potential to touch levels of ₹400 per share going ahead. “Short-term targets are set at ₹360; if it surpasses ₹360, then we could potentially see a zone up to ₹400 thereafter,” he said.
Why Shipping Corp, Shreyas Shipping, Mazagon Dock Shares Surged Up To 18%
Shipping companies like Shipping Corporation of India, Shreyas Shipping and shipbuilders like Mazagon Dock, Cochin Shipyard and Garden Reach Shipbuilders saw their shares surge between 5% to 18% on Thursday in anticipation of some positive developments in the upcoming Union Budget.
Indian Residents Can Now Open Foreign Currency Accounts In GIFT City
Indian residents can now open foreign currency accounts in GIFT City and remit money for various purposes under the Reserve Bank of India’s (RBI) Liberalised Remittance Scheme (LRS).
The scheme allows individuals to send up to $250,000 abroad annually. Previously, LRS transfers to International Financial Services Centres (IFSCs) were restricted to investing in securities within IFSCs, excluding Indian companies, and paying education fees to foreign institutions within IFSCs.
Rs 2100 Crore Smart Meter Order: HPL Electric Shares Surge 13% Post Award
Shares of HPL Electric & Power Ltd. surged as much as 13% on Thursday after the company informed the exchanges of winning a Letter of Award for smart meters.
The order value is worth ₹2,100.71 crore, inclusive of taxes, HPL Electric said in an exchange filing. The order, for the supply of smart meters, was received from its regular leading customers.
HPL Electric Bags Order Worth Rs 22,100 Crore For Supply Of Smart Meters
HPL Electric shares are up nearly 11% after the company bagged orders worth Rs 2,100 crore for the supply of smart meters.
The stock has gained 213% in the past year