Latest news with #ReligareBrokingLtd
India Today
6 hours ago
- Business
- India Today
Sensex closes 144 points higher, Nifty above 24,800; L&T up 4%
Benchmark stock market indices closed higher on Wednesday as gains in L&T offset losses in the broader market as investor sentiment remained S&P BSE Sensex gained 143.91 points to close at 81,481.86, while the NSE Nifty50 added 33.95 points to end at 24, Mishra – SVP, Research, Religare Broking Ltd, said that sentiment remained subdued due to lingering uncertainty over the trade deal, following the latest statement from the US President about potential tariffs on India, amid delays in finalising the agreement ahead of the August 1 "Additionally, caution prevailed ahead of the outcome of the FOMC meeting. While no rate change is expected, the Fed's commentary will be closely watched," he added. - Ends
Time of India
3 days ago
- Business
- Time of India
Pharma Stocks in Focus: Torrent Pharma Breaks Out, Accumulate on Dips Says Ajit Mishra
'We are witnessing rotational participation in the pharma space, with the majority of stocks trading positively. Torrent Pharma stands out as one of the top performers. Traders can buy for a target of Rs 3950 in the next 1-2 months,' Ajit Mishra – SVP, Research, Religare Broking Ltd, said. Show more Show less
Mint
6 days ago
- Business
- Mint
Indian stock market: 8 key things that changed for market overnight- Gift Nifty, India-UK FTA, ECB policy to gold prices
Indian stock market: The domestic equity benchmark indices, Sensex and Nifty 50, are expected to open lower on Friday, amid mixed global market cues. Asian markets traded lower, while the US stock market ended mixed overnight, with the Nasdaq and S&P closing at record highs. On Thursday, the Indian stock market ended sharply lower amid heavy selling, with the benchmark Nifty 50 closing below 25,100 level. The Sensex declined 542.47 points, or 0.66%, to close at 82,184.17, while the Nifty 50 settled 157.80 points, or 0.63%, lower at 25,062.10. 'Nifty 50 index failed to cross the resistance at the 25,250 level and moved lower, reflecting a cautious sentiment among participants. Currently, select private banking majors are leading the trend, while other sectors are playing a supporting role. Given the mixed signals, we reiterate our advice to maintain a stock-specific approach and adopt a hedged strategy,' said Ajit Mishra – SVP, Research, Religare Broking Ltd. Here are key global market cues for Sensex today: Asian markets traded lower, following a mixed trend on Wall Street overnight, amid recent trade developments. Japan's Nikkei 225 fell 0.41%, while the Topix declined 0.55%. South Korea's Kospi eased 0.1% and the Kosdaq dropped 0.48%. Hong Kong's Hang Seng index futures indicated a weaker opening. Gift Nifty was trading around 24,980 level, a discount of nearly 115 points from the Nifty futures' previous close, indicating a negative start for the Indian stock market indices. US stock market ended mixed, with the S&P 500 and the Nasdaq notching record high closes, after Google parent Alphabet Q2 results fueled optimism about other heavyweight artificial intelligence stocks. The Dow Jones Industrial Average declined 0.70% to 44,693.91, while the S&P 500 rose 0.07% to end at 6,363.35. The Nasdaq closed 0.18% higher at 21,057.96. Alphabet shares gained 0.88%, Nvidia share price rallied 1.73%, Microsoft stock price rose 0.99%, Advanced Micro Devices shares surged 2.19%, while Amazon share price added 1.73%. Tesla stock price tumbled 8.2%, Intel shares dropped 3.66%, while IBM share price declined 8%. American Airlines stock tumbled nearly 10%. UnitedHealth shares fell 4.8% and Honeywell stock price declined 6.2%. The European Central Bank left its main interest rate unchanged at 2% as expected, taking a break after a year of policy easing to wait for clarity over Europe's future trade relations with the United States. The ECB has cut its policy rate eight times since June 2024. India formalised a landmark Free Trade Agreement (FTA) with the United Kingdom, which is set to boost annual bilateral trade by nearly $34 billion. The deal promises easier market access for both countries, with 99% of Indian exports gaining tariff benefits and British products like whisky, cars, medical devices, and cosmetics becoming affordable in India. The number of Americans filing new applications for jobless benefits unexpectedly fell last week. Initial claims for state unemployment benefits dropped 4,000 to a seasonally adjusted 217,000 for the week ended July 19. Economists polled by Reuters had forecast 226,000 claims for the latest week. Gold prices rose, buoyed by an overall weaker dollar, although signs of progress in trade negotiations between the US and its trading partners kept gains in check, Reuters reported. Spot gold was up 0.1% at $3,371.86 per ounce, while US gold futures were little changed at $3,374.80. Crude oil prices rose amid reports of Russian planning to restrict gasoline exports to most countries. Brent crude futures gained 0.30% to $69.39 a barrel, while US West Texas Intermediate crude futures climbed 0.32% to $66.24 per barrel. (With inputs from Reuters) Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
7 days ago
- Business
- Mint
Indian stock market: 10 key things that changed for market overnight - Gift Nifty, Infosys, Tesla results to gold prices
Indian stock market: The domestic equity market indices, Sensex and Nifty 50, are expected to open higher on Thursday, following positive cues from global markets. Asian markets traded higher, while the US stock market rallied overnight on reports of trade deals, with the Nasdaq and S&P closing at record highs. On Wednesday, the Indian stock market ended with strong gains, lifted by a rally in index heavyweights, with the benchmark Nifty 50 closing above 25,200 level. The Sensex surged 539.83 points, or 0.66%, to close at 82,726.64, while the Nifty 50 settled 159.00 points, or 0.63%, higher at 25,219.90. 'The ongoing recovery is being driven primarily by strength in banking majors, while heavyweights from other key sectors are showing signs of stabilization following the recent correction. We maintain our cautious stance and continue to recommend a hedged approach,' said Ajit Mishra – SVP, Research, Religare Broking Ltd. Here are key global market cues for Sensex today: Asian markets traded higher on Thursday, tracking overnight rally on Wall Street, amid trade deal optimism. Japan's Nikkei 225 rallied 1.7%, while Topix rose 1.2% to hit a record high. South Korea's Kospi gained 1.17%, and the Kosdaq rose 0.64%. Hong Kong's Hang Seng index futures indicated a marginally higher opening. Gift Nifty was trading around 25,297 level, a premium of nearly 44 points from the Nifty futures' previous close, indicating a positive start for the Indian stock market indices. US stock market ended higher on Wednesday on optimism over a trade deal with the European Union, with the S&P 500 and Nasdaq notching record high closes. The Dow Jones Industrial Average rallied 1.14% to 45,010.29, while the S&P 500 rose 0.78% to end at 6,358.91. The Nasdaq closed 0.61% higher at 21,020.02. Nvidia share price jumped 2.25%, Tesla stock price rose 0.14%, while Alphabet shares fell 0.58%. GE Vernova share price surged 14.6%, Thermo Fisher stock rallied over 9%, while Texas Instruments shares tanked 13%. US existing home sales fell more than expected in June. Home sales dropped 2.7% last month to a seasonally adjusted annual rate of 3.93 million units. Economists polled by Reuters had forecast home resales would slip to a rate of 4.00 million units. Sales were unchanged on a year-over-year basis in June. Tesla's net profit in the second quarter fell 16% to $1.17 billion, or 33 cents a share, from $1.4 billion, or 40 cents a share, YoY. Revenue fell to $22.5 billion for the April-June quarter from $25.50 billion YoY, slightly behind analyst targets compiled by LSEG. Adjusted profit per share of 40 cents lagged the Wall Street consensus. The automotive gross margin, which excludes regulatory credits, was 14.96%. Tesla share price plunged 4.44% in after-market hours. Google parent Alphabet Inc. reported June quarter net profit of $28.2 billion, or $2.31 per share, a 19% increase from the same time last year. Revenue rose 14% from a year ago to $96.4 billion, beating analysts' projections. Alphabet share price was up nearly 2% in after-market trades. Infosys' net profit in Q1FY26 declined 1.6% QoQ to ₹ 6,920 crore, while its revenue increased 3.3% QoQ to ₹ 42,279 crore. The IT major posted 2.6% QoQ growth in constant currency revenue. EBIT rose 2.66% to ₹ 8,803 crore, while margin fell to 20.8% from 21%, QoQ. Infosys expects revenue growth of 1–3% in CC terms for FY26, revised up from 0-3% earlier. The firm maintained its operating margin guidance at 20–22%. The S&P Global Japan composite PMI in July remained unchanged from June's 51.5. The S&P Global Japan manufacturing PMI dropped to 48.8 in July from June's final reading of 50.1. Services PMI increased to 53.5 in July from 51.7 in June. Gold prices were steady as trade talks between the US and key trading partners dented safe-haven demand. Spot gold price was up 0.1% to $3,389.77 an ounce, following a 1.3% loss in the previous session. Crude oil prices steadied on US trade talk progress and low inventory levels. Brent crude oil prices rose 0.31% to $68.72 a barrel, while the US West Texas Intermediate (WTI) crude futures gained 0.35% to $65.48. (With inputs from Reuters) Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
23-07-2025
- Automotive
- Mint
Indian stock market: 8 key things that changed for market overnight - Gift Nifty, US-Japan Trade Deal to Nikkei's rally
Indian stock market: The domestic equity market indices, Sensex and Nifty 50, are expected to open higher on Wednesday, following upbeat global market cues. Asian markets traded higher after the US-Japan trade deal, while the US stock market ended mixed overnight, with the S&P 500 posting record-high close. On Tuesday, the Indian stock market indices ended the volatile session on a flat note with negative bias. The Sensex fell 13.53 points, or 0.02%, to close at 82,186.81, while the Nifty 50 settled 29.80 points, or 0.12%, lower at 25,060.90. 'The market continues to lack clear direction amid mixed earnings announcements and muted global cues. Traders should adopt a hedged approach and focus on fundamentally strong counters, with an emphasis on earnings performance,' said Ajit Mishra – SVP, Research, Religare Broking Ltd. Here are key global market cues for Sensex today: Asian markets traded higher after US President Donald Trump announced a 'massive' trade deal with Japan. Japan's Nikkei 225 jumped 2%, while the Topix rallied 1.87%. Toyota, Nissan, Honda and other Japanese auto stocks surged after the US-Japan trade deal. South Korea's Kospi gained 0.89% and the small-cap Kosdaq was 0.22% higher. Hong Kong's Hang Seng index futures indicated a stronger opening. Gift Nifty was trading around 25,162 level, a premium of nearly 68 points from the Nifty futures' previous close, indicating a positive start for the Indian stock market indices. US stock market ended mixed on Tuesday, with the S&P 500 eking out a record-high close. The Dow Jones Industrial Average rose 0.40% to 44,502.44, while the S&P 500 added 0.06% to end at 6,309.62. The Nasdaq closed 0.39% lower at 20,892.69, Tesla share price gained 1.1%, Nvidia share price declined 2.54%, Meta Platforms and Microsoft shares lost about 1% and Alphabet stock price rose 0.65%. RTX stock price declined 1.6%, GM Motors shares tumbled 8.1%, while Ford Motor stock price fell about 1%. Lockheed Martin shares tumbled almost 11% President Donald Trump said the US and Japan had struck a trade deal that includes a lower 15% tariff that will be levied on US imports from the country, including autos, Reuters reported. In a post on Truth Social, Trump said the deal would include $550 billion of Japanese investments in the United States. Reports said that US auto tariffs were lowered to 15% from the current 25%. The Union Cabinet approved the free trade agreement with the United Kingdom, news agency PTI reported. The pact, described by Prime Minister Narendra Modi as a 'landmark deal,' will be signed during his visit to London this week. Commerce and Industry Minister Piyush Goyal will accompany Modi. Gold prices rose to a more than five-week peak, supported by a softer US dollar and lower Treasury yields. Spot gold price was steady at $3,430.19 per ounce, after hitting its highest since June 16 earlier in the session. US gold futures were flat at $3,443.30. Crude oil prices steadied after the US-Japan trade deal and a poll that showed US crude stockpiles fell last week. Brent crude futures rose 0.48% to $68.92 a barrel, while US West Texas Intermediate crude futures rose 0.51% to $65.64 per barrel. The dollar was on a shaky footing against the yen. The dollar was largely flat at 146.61 yen, having slid 0.5% in the previous session. The euro stood at $1.1739, down 0.1%. Sterling was little changed at $1.35235, off 0.1%. The dollar index, which tracks the greenback against major peers, was little changed at 97.430 after a three-day decline. (With inputs from Reuters) Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
