Stock Market Updates Today :After the presentation of Budget 2024, selling is being seen in the domestic stock market for the third consecutive day today. In today’s trading, there has been a big decline in both the Sensex and Nifty indices. The announcement of increasing STT on long term capital gains and F&O in the budget has weakened the market sentiment. Today Nifty is trading below 24250. While today there is a decline of about 600 points in Sensex. In today’s trading, Bank, Auto, Financial, IT, FMCG, Pharma, Metal and Realty indices are trading in the red mark on Nifty. Currently, Sensex is seeing a weakness of 604 points and it is trading at the level of 79545. While Nifty is trading at the level of 24,236, down 177 points. Top gainers today include LT, TATAMOTORS, HINDUNILVR. While top losers include AXISBANK, POWERGRID, TATASTEEL, ICICIBANK, JSWSTEEL.
Global signals are weak
Global signals are looking weak for the domestic stock market today. Selling is being seen in major Asian markets in today’s trading. Earlier on Wednesday, a huge decline was seen in the US markets. On Wednesday, the Dow Jones Industrial saw a decline of 504 points and closed at the level of 39853.87. NASDAQ Composite saw a weakness of 655 points and closed at the level of 17342.41. While the S&P 500 index fell by about 129 points and closed at the level of 5427.13.
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July 25, 2024 10:17 IST
Jindal Steel News
Jindal Steel and Power Limited (JSPL)’s profit has increased by 4% to Rs 1456.54 crore in the April-June quarter. The company’s profit was Rs 1399.52 crore in the same quarter of the last financial year. JSPL’s total income has increased to Rs 12,865.35 crore in the June quarter, which was Rs 12,324.57 crore in the same quarter of the last financial year.
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July 25, 2024 10:16 IST
L&T News
Engineering and manufacturing company Larsen & Toubro (L&T)’s profit has increased by 12% to Rs 2786 crore in the April-June quarter of the current financial year. L&T said in a statement that due to heavy order book, the company’s revenue has increased by 15% to Rs 55,120 crore in the June quarter. The company’s international revenue in the June quarter was Rs 26,248 crore, which is 48% of the total revenue.
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July 25, 2024 10:16 IST
Axis Bank Ltd
Axis Bank’s profit rose 4 percent to Rs 6035 crore in the June quarter of the current financial year. The bank’s profit has increased due to increased interest income. The bank’s profit was Rs 5797 crore in the same quarter of the last financial year. The bank’s interest income increased to Rs 30,060.73 crore in the June quarter, which was Rs 25,556.77 crore in the same quarter of the last financial year.
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July 25, 2024 09:05 IST
Brent crude below $82
There is a softening in the prices of Brent crude. In the international market, crude is trading below $82 at $81.50 per barrel. At the same time, WTI crude has also slipped and is trading around $77.26 per barrel.
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July 25, 2024 09:05 IST
FII and DII data
According to provisional data available on NSE, on Wednesday, July 24, 2024, foreign portfolio investors i.e. FIIs were net sellers and they sold shares worth Rs 5130.9 crore. While domestic institutional investors i.e. DIIs were also net sellers during this period and they sold shares worth Rs 3137.3 crore.
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July 25, 2024 09:04 IST
Selling in Asian markets
Selling is being seen in major Asian markets in today’s trade. Talking about Asia, GIFT NIFTY is down by 0.28 percent and Nikkei 225 is down by 2.59 percent. Strait Times is down by 0.76 percent and Hang Seng is down by 1.52 percent. Taiwan Weighted is looking flat while Kospi is down by 1.78 percent and Shanghai Composite is down by 0.70 percent.
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July 25, 2024 09:04 IST
Dow Jones closed down by 504 points
On Wednesday, a huge decline was seen in the US markets. On Wednesday, the Dow Jones Industrial saw a decline of 504 points and closed at the level of 39853.87. The NASDAQ Composite saw a weakness of 655 points and closed at the level of 17342.41. While the S&P 500 index fell by about 129 points and closed at the level of 5427.13.
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