Latest Stock Market News

In this season’s quarterly performance, technology major Tata Consultancy Services (TCS) reported a nearly 17% year-on-year (YoY) rise in PAT, beating estimates.

Adani Ports is set to have a strong first quarter on the back of healthy port cargo volume growth and rising logistics business. During the June quarter, Adani Ports recorded a total cargo volume of 101.4 million metric tons, an increase of 11.5% YoY, with strong growth observed across most ports and all three cargo segments.

The total global crypto market cap rose 6.3%, reaching $1.26tn, as crypto coins rallied following US District Judge Sarah Netburn’s ruling that XRP did not violate federal securities laws. The decision prompted a surge of as much as 68% in XRP’s value. Other tokens, like Cardano and Solana, which have also experienced scrutiny from the Securities and Exchange Commission

BSE SmallCap index saw a significant surge as multiple stocks achieved new 52-week highs on July 14. Companies like Birlasoft and Can Fin Home demonstrated their market strength, while CCL Products, Esab India, Exide Industries, Great Eastern Shipping, Glenmark Pharma, JBM Auto, and KEC International also achieved notable milestones. These updates were from BSE at 1:40 pm and may have a lag in real-time data.

Vedanta Resources, owned by Indian billionaire Anil Agarwal, is facing concerns over debt repayments and finances, as evidenced by a slump in some of the commodity giant’s bonds. The Indian unit Vedanta Ltd’s semiconductor-making venture fell through this week, leaving the firm to build the project with no outside expertise, at a time when its commitment

From the Sensex pack, IT stocks such as TCS, Tech Mahindra, Infosys, HCL Tech, and Wipro are among the top gainers, rising 3-5%. Tata Steel, Nestle, HUL, Asian Paints, and ICICI Bank close higher. The market breadth is skewed in favour of the bulls. About 2,226 stocks gain, 1,196 decline, and 145 remain unchanged on the BSE

The fall in profit was steeper than expected as most analysts saw the decline to be around 14%. For instance, Axis Securities expected the net profit figure to be around Rs 758 crore.

​So, the moment that you hear sell high, you kind of tend to associate with the all-time highs. And generally, there is this unease that there might be a market fall after this. And you add to the fact that the last four times, almost for one and a half years, the Sensex has kind of got stuck in that 60,000 mark.

​Mutual fund houses sold these 10 smallcaps the most during the month gone by, shows data available with Nuvama Research.

Foreign portfolio investors cut down their stake in Nykaa to 9.93% as of June from 12.17% held in March