Latest Stock Market News

Some of the prominent stocks that have given multibagger returns include Tanla Platforms, Suzlon Energy, Texmaco Railsystems, JBM Auto, Jindal Saw, Mazagon Dock Shipbuilders, Inox Wind Energy, Force Motors, and Aurionpro Solutions.

The stock market will be shut for the rest of the day if a typhoon signal 8 is still in place by noon. The storm has not caused any major damage, although the Observatory has warned of possible flooding in some areas.

​And therefore, that is why you are starting to see numbers in terms of the deal wins remaining largely intact. Near term, of course, even in the next quarter, we will possibly have to contend with muted growth outlook. And it is possible maybe towards the second half of the year, the expectation at this point in time is that we will start seeing possibly some improvement in terms of the revenue momentum.

Shares of HDFC Bank, LTIMindtree, and Tata Elxsi will be in focus today as the companies will announce their first quarter results.

In auto, I am betting on Minda Corporation. I am liking it for the next one to two-year point of view. It is a solid EV play as well. The price is around 290 to 300 right now. So for auto, Minda can be a good play.

Going ahead, stock specific action will continue with first quarter earnings underway. All eyes will be on HDFC Bank, which will report its results today, a first after the merger. Banking stocks will be in focus as major private lenders including ICICI Bank, YES Bank, Kotak Bank will announce their earnings later in the week.

Driving the rally: A big drop in inflation last month. Consumer prices rose 3% in June from a year earlier, compared with 4% in May, the Labor Department reported on July 12. That was the smallest increase in more than 24 months and well below the 9.1% surge seen just a year ago.

​Nifty showed an upside breakout of 19,300- 19,550 levels on Friday and registered a new all-time high at 19,595. A reasonable bull candle formed on daily chart with a minor lower shadow.

The tech-heavy Nasdaq 100 has surged 42% since January 1, its best half-year performance in over 20 years, fuelled by a rush for artificial intelligence (AI).

In a note, ICICI Securities said earnings growth momentum for housing finance (HFC) and microfinance companies is likely to be better sequentially, helped by an upward repricing in asset portfolio after a 25 to 50 basis points hike in lending rates between March and April. One basis point is 0.01 percentage point.