Latest Stock Market News

Adani Power shares rise 0.95% as Nifty gains

Updated at : 2024-07-29 12:25:01

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The stock quoted a 52-week high price of Rs 896.75 and a 52-week low of Rs 250.15.

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A long buildup, indicating a bullish trend, occurs with rising open interest, volumes, and stock prices. On Monday, five stocks saw fresh long positions.

​Going forward, quarter two will be better than quarter one and quarter three and four are definitely our best quarter in terms of advances, so that will continue, that clearly is going to happen. Our focused attempt on improving portfolio quality over the last two years and very specifically, April 23 onward, some of the specific initiatives that we took are holding up extremely well.

GAIL shares up 1.04% as Sensex rises

Updated at : 2024-07-29 12:25:01

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A total of 222,593 shares changed hands on the counter till 11:47AM (IST)

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UltraTech Cement Ltd. key Products/Revenue Segments include Portland/Possolana Cement, Cement Grey, Other Operating Revenue, Scrap, Lease Rentals, Sale of services for the year ending 31-Mar-2024.

Mitul Kotecha of Barclays noted that markets have been volatile due to political shifts in the US, with Biden stepping down, and upcoming Fed rate decisions. There has been a significant shift in carry trades and risk assets, impacting Asian currencies. Investors are cautious amid geopolitical tensions and uncertainties regarding US elections and economic growth projections.

Buy Cipla, target price Rs 1830: Motilal Oswal

Updated at : 2024-07-29 11:20:01

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Cipla Ltd., incorporated in the year 1935, is a Large Cap company (having a market cap of Rs 124555.61 Crore) operating in Pharmaceuticals sector.

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Promoters held 30.3 per cent stake in the company as of 30-Jun-2024, while FII and DII ownership stood at 15.08 per cent and 25.34 per cent, respectively.

Rupee stays near record low while Asian peers rise

Updated at : 2024-07-29 11:20:01

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The Indian rupee stayed flat at 83.7150 against the U.S. dollar on Monday, marginally better than its record low in the previous session. The currency faced pressure from local equity outflows and a volatile Chinese yuan, while forward premiums rose due to declining U.S. bond yields.

Gold futures at MCX opened flat while silver marginally increased amid influences from U.S. interest rate expectations and Indian custom duty cuts.

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