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A total of 18,705 shares changed hands on the counter till time (IST).

Dinshaw Irani, CEO of Helios Mutual Fund, emphasized their cautious strategy, avoiding overpriced midcaps and smallcaps while favoring largecaps due to moderate valuations. Despite a market rally not supported by earnings, domestic flows have sustained the market. Irani discussed sector performance, potential future rate cuts, and concerns about speculative F&O trading.

A number of largecap stocks, including SBI, HUL, NTPC, and Axis Bank, were found trading below their industry PE levels. These stocks showed potential for gains of up to 17%, according to Trendlyne data. The brokers set target prices indicating upside potentials from 2% to 17%, suggesting notable opportunities for investors.

The Nifty IT index was trading 0.5 per cent up at 40981.4.

Tata Consumer Products reported an 8% drop in profit after tax for the first quarter ended June 2024, falling to Rs 290 crore, below estimates. Shares fell 2.3%. Revenue from operations increased 16% year-on-year to Rs 4,352 crore. The drop in profit was attributed to higher exceptional items and lower returns from joint ventures and associates.

Promoters held 0.0 per cent stake in the company as of 30-Jun-2024, while FII and DII ownership stood at 24.44 per cent and 3.22 per cent, respectively.

​My sense is that it is a high-data stock. If you see a major M&A kind of a play happen over the next, let us say, few days and weeks, it can be a game changer also. So, those investors with a very high risk capital would dabble into it. But we are not having any specific view on Paytm at this point of time.

​On July 30, eight stocks from the Nifty200 pack were flagged in the RSI Trending Up scan on StockEdge.com. This indicates an uptrend if the RSI value has risen above 50.

Titagarh Rail Systems saw an 8% fall in shares due to a 0.8% revenue drop year-on-year to Rs 903.1 crore in the June quarter, despite a 5.5% rise in profit to Rs 71.3 crore. The company cited project transitions and maintains a strong order backlog, planning for future growth.

The Indian government will not reimpose foreign investor limits on new 5-year, 7-year, and 10-year bonds, while 14-year and 30-year bonds will no longer be accessible to foreign portfolio investors, according to recent government and central bank announcements.