Latest from Multi News Outlets

Stock Market LIVE: Sensex up 350 points, Nifty tops 17,200; Auto shines

On-Demand Cloud SIP Trunking

Personalabs STD testing

Asian markets opened on a mixed note on Monday and U.S. stocks extended their mid-summer rebound on Friday, with the dollar and some longer-term Treasury yields dipping, as Wall Street cheered positive corporate news in spite of increased labour costs and continued inflation.

01 Aug 2022, 11:05:31 AM IST

Sun Pharma sheds 3% in today’s session.

Sun Pharma

View Full Image

Sun Pharma
01 Aug 2022, 10:50:40 AM IST

Axis Securities – Weekly Technical Picks

. Nifty started the week on a flat note and observed profit booking in the initial half however buying support at lower levels pulled index higher to close on a strong note. Nifty closed at 17158 with a gain of 439 points on a weekly basis

· Bank Bank Nifty started the week on a flat note and observed profit booking in the initial half however buying support at lower levels pulled the index higher to close on a strong note . Bank Nifty closed at 37491 with a gain of 752 points on a weekly basis.

· Container Corporation of India Limited has a buy at range 705 – 690. Holding period is 3 to 4 weeks.

· Gujarat Narmada Valley Fertilizers and Chemicals Limited has a buy at range 710 – 695. Holding period is 3 to 4 weeks.

· Bata India Limited has a buy at range 1945 – 1905. Holding period is 3 to 4 weeks.

· Coal India Limited has a buy at range 210-205. Holding period is 3 to 4 weeks.

01 Aug 2022, 10:38:15 AM IST

SpiceJet says all flight operations normal

Indian low-cost carrier SpiceJet said on Monday its flight operations remained normal and on schedule, days after the aviation regulator ordered the airline to slash its approved fleet to 50% this summer for eight weeks citing safety snags.

Load factor, a measure of how much of an airline’s passenger carrying capacity has been used, was over 80% on Saturday and Sunday, the airline said in a statement.

01 Aug 2022, 10:37:28 AM IST

India’s factory growth hits 8-month high as easing price pressures lift demand

India’s factory activity expanded at its quickest pace in eight months in July, driven by solid growth in new orders and output as demand continued to improve on the back of easing price pressures, a private survey showed.

The survey results suggested the Indian economy has remained resilient, at least for now, despite concerns over faster interest rate hikes, massive capital outflows, a weakening rupee and a rapidly slowing global economy.

The Manufacturing Purchasing Managers’ Index, compiled by S&P Global, jumped to 56.4 in July from June’s 53.9, remaining above the 50-level separating growth from contraction for a thirteenth month.

01 Aug 2022, 10:21:34 AM IST

Yes Securities says BUY for IOCL, DLF, Equitas Bank, HDFC,  Emami, Aavas Financiers, Exide, Torrent Pharma

Zydus: ADD


01 Aug 2022, 10:15:25 AM IST

Mahindra and Mahindra gains 6% in today’s morning session.

Mahindra & Mahindra

View Full Image

Mahindra & Mahindra
01 Aug 2022, 10:13:29 AM IST

Indian rupee firms to over 3-wk high; yields little changed

The Indian rupee firmed to a more than three-week high on Monday as the greenback languished on bets the U.S. Federal Reserve would scale back its pace of rate hikes as the world’s biggest economy stares at a possible recession.

The partially convertible rupee was trading around 79.15 per dollar in early morning trade, its strongest since July 7, compared to a close of 79.25 on Friday.

India’s 10-year government bond yields were little changed at 7.2983% after dropping by 9 basis points last week to 7.3196%.

01 Aug 2022, 10:07:56 AM IST

India records 16,464 new infections today

The data shows that a total of 16,112 people recovered from the coronavirus infection in the last 24 hours, taking the country’s cumulative recoveries to 4,33,65,890. The recovery rate remains consistent at 98.48%.

In India, the daily positivity rate is 6.01%, while the weekly positivity rate is 4.80%. The country has conducted over 87.54 crore covid tests till date whereas 2,73,888 tests were conducted in the last 24 hours.

01 Aug 2022, 09:50:13 AM IST

IDFC First Bank shares rally after highest-ever profit in Q1. Should you buy?

Shares of IDFC First Bank rallied more than 3% to 39 apiece on the BSE in Monday’s opening deals after the bank reported its highest ever net profit of 474 crore for the quarter ended June 2022, mainly driven by lower provisioning and higher income, up 38% from the previous quarter of March 2022. The private sector lender had posted a net loss of 630 crore in the year-ago quarter. (Full Report)

01 Aug 2022, 09:37:59 AM IST

Bitcoin slips after best month of 2022 as traders weigh recovery

Bitcoin declines after reaching the highest levels since mid-June on Saturday amid optimism that the market may have recovered from its worst levels.

The largest cryptocurrency dropped as much as 2.4% to $23,247 on Monday after hitting $24,658 on Saturday, its highest since June 13. Its 27% gain in July made for the best month since October. Ether slid as well after posting a 70% jump last month, its best since January 2021.

01 Aug 2022, 09:26:18 AM IST

Auto index jumps 2% at open. PSU Banks and Realty shed

Broad Indices

View Full Image

Broad Indices
01 Aug 2022, 09:24:11 AM IST

Sensex and Nifty opened flat on Monday. M&M gained around 5% at open, whereas Sun Pharma was down 2%.

Sensex Open

View Full Image

Sensex Open
01 Aug 2022, 09:08:16 AM IST

Commercial LPG cylinder prices slashed by ₹36, domestic unchanged

The cost of commercial liquid petroleum gas cylinders weighing 19 kilograms will be cheaper from Monday as their prices have been slashed by 36 per unit.

In the national capital Delhi, per unit of the commercial cylinder will now cost 1,976.5.

On July 6 too, rates for the 19-kilogram commercial cylinder were cut by 8.5 per unit.

01 Aug 2022, 09:07:29 AM IST

Stocks to Watch: Indian Oil, Bank of Baroda, Indian Bank, Zee Entertainment

ITC, Castrol India, Max Financial Services, Bajaj Consumer Care, and Zomato will be in focus as they declare their June quarter earnings today. (Full Report)

01 Aug 2022, 09:04:41 AM IST

Sensex in flat-to-green zone at preopen

Sensex preopen

View Full Image

Sensex preopen
01 Aug 2022, 09:00:34 AM IST

Indian aviation sector ‘absolutely safe’; foreign carriers that came to India reported 15 tech snags in last 16 days: DGCA chief

The country’s civil aviation space is “absolutely safe” and all the protocols laid down by the International Civil Aviation Organisation (ICAO) are followed, he said.

Against the backdrop of a spate of technical snags suffered by Indian airlines in recent weeks and DGCA curtailing operations of SpiceJet, Kumar stressed that there is no need to panic as none of the events that have been reported/discussed had the potential to cause havoc.

“All the snags experienced are routine and happen with all airlines and all types of fleet. In the last 16 days, even for the foreign operators who come to India, we have seen 15 technical snags, which have been attended and rectified,” Kumar told PTI in an interview.

01 Aug 2022, 08:47:55 AM IST

Multibagger stock of 2022: HFC jumps 85% in YTD after 900% rally in 7 years

Despite heavy sell-off on Dalal Street after outbreak of the Russia-Ukraine war, Indian stock market has managed to produce a good number of multibagger stocks and some stocks are in the cue to enter the big boys’ club. BSE listed Star Housing Finance shares are one of them. In year to date (YTD) time, shares of this housing finance company (HFC) have surged from around 87 to 160 apiece levels, recording around 85 per cent rise in 2022. (Full Report)

01 Aug 2022, 08:36:09 AM IST

RBI likely to raise key policy rate by 25-35 bps to check inflation: Experts

Days after the US Fed raised the interest rate, the RBI may go in for its third consecutive policy rate hike by 25-35 basis points to check high retail inflation, experts said.

The central bank has already announced to gradually withdraw its accommodative monetary policy stance.

The Reserve Bank’s rate-setting panel — Monetary Policy Committee — will meet on August 3 for three days to deliberate on the prevailing economic situation and announce its bi-monthly review on Friday.

01 Aug 2022, 08:35:16 AM IST

Reliance Securities Stock in Focus: Ultratech Cement


Ultratech Cement (CMP Rs.6,545)

We have a BUY rating on the stock with a target price of 7,675.

Intraday Picks


For today’s trade, long position can be initiated in the range of Rs492- 489 for the target of Rs504 with a strict stop loss of Rs484.


For today’s trade, long position can be initiated in the range of Rs521- 517 for the target of Rs534 with a strict stop loss of Rs509.


For today’s trade, short position can be initiated in the range of Rs306- 309 for the target of Rs293 with a strict stop loss of Rs314.

01 Aug 2022, 08:31:20 AM IST

Pet care industry grows after pandemic; attracts FMCG companies

The pet food market is currently around 4,000 crore and expected to grow significantly over the next five years. Mars Petcare and Himalaya Wellness Company, among others, are the two major companies operating in the segment.

Mars Petcare is a division of global confectionary major Mars Inc.

Last week, Nestle India entered into the segment by acquiring the pet foods business from its…

Read More: Stock Market LIVE: Sensex up 350 points, Nifty tops 17,200; Auto shines

Leave A Reply

Your email address will not be published.