Stock Market Updates Today :Amid mixed global signals, strong buying is being seen in the domestic stock market today. In today’s trading, both the Sensex and Nifty indices have reached their new record high. Today Nifty crossed 25000 and made a high of 25034. While today Sensex is seeing a rise of about 400 points and it touched an all-time high of 82125. In today’s trading, Bank, Financial, Auto, FMCG, IT, Pharma, Realty and Metal indices are trading in the green mark on Nifty. Currently, Sensex is seeing a gain of 383 points and it has reached the level of 82125. While Nifty has increased by 122 points to reach the level of 25,073. Today’s top gainers include MARUTI, JSWSTEEL, TATAMOTORS, POWERGRID, NTPC, TATASTEEL. While top losers include INFY, M&M, ULTRACEMCO, SUNPHARMA, HCLTECH, ASIANPAINT.
Global signals are mixed
Today, global signals are mixed for the domestic stock market. In today’s trading, selling is being seen in major Asian markets. Earlier on Wednesday, a strong rally was seen in the US markets. On Wednesday, the Dow Jones Industrial saw a gain of 99 points and closed at the level of 40842.79. The NASDAQ Composite saw a gain of 452 points and closed at the level of 17599.40. While the S&P 500 index closed at the level of 5522.30, rising by about 86 points.
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Aug 01, 2024 10:14 IST
Ambuja Cement News
Adani Group company Ambuja Cements Limited’s profit stood at Rs 789.63 crore in the first quarter of the financial year 2024-25. The company’s profit in the same quarter a year ago was Rs 1135.46 crore. Operating income stood at Rs 8,311.48 crore, which was Rs 8,712.90 crore in the same period of the previous financial year.
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Aug 01, 2024 10:14 IST
Mahindra and Mahindra News
Mahindra & Mahindra’s profit increased by 20 per cent year-on-year to Rs 3,283 crore in the first quarter of the current financial year 2024-25. The company had a profit of Rs 2745 crore in the same quarter a year ago. Revenue grew 10 per cent year-on-year to Rs 37,218 crore, from Rs 33,892 crore in the same period last year.
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Aug 01, 2024 10:14 IST
Adani Power News
Adani Power’s profit in the June quarter fell 55 per cent year-on-year to Rs 3913 crore. The company had earned a profit of Rs 8759 crore in the first (April-June) quarter of FY 2023-24. The company’s total income declined to Rs 15,474 crore from Rs 18,109 crore in the same quarter last year. Total expenses increased to Rs 10,568.44 crore from Rs 9,309.39 crore in the same period a year ago.
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Aug 01, 2024 10:14 IST
Tata Steel
Tata Steel’s profit in the June quarter increased by 75 percent to Rs 918.57 crore. The company has been able to register higher profits due to reduction in expenses. In the same quarter a year ago, the company had a profit of Rs 524.85 crore. The company’s total income decreased to Rs 55,031.30 crore, which was Rs 60,666.48 crore in the same quarter a year ago.
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Aug 01, 2024 10:13 IST
Infosys News
The country’s second largest IT company Infosys has received a notice regarding alleged GST evasion of about Rs 32,403 crore. In a notice given to BSE, the company said that the Karnataka State GST Authority has issued a notice regarding GST payment of about Rs 32,403 crore. This matter is between July 2017 and March 2022. The company has also received a show cause notice on this matter.
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Aug 01, 2024 10:13 IST
Maruti Suzuki India Limited
Maruti Suzuki India’s profit in the first quarter of the current financial year 2024-25 increased by 47 percent to Rs 3650 crore. In the same quarter last year, the company had a profit of Rs 2485 crore. The company’s net sales increased to Rs 33,875 crore, from Rs 30,845 crore in the same period a year ago. In the June quarter, the company sold 5,21,868 vehicles, which is 5 percent more than the same period of the previous financial year.
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Aug 01, 2024 08:59 IST
Crude again close to $ 82
Due to increasing tension in the Middle East, Brent crude prices are once again seeing a rise. In the international market, Brent crude is trading above $ 81.50 per barrel. While WTI crude is also trading above $ 78.50 per barrel. The dollar index has slipped below $ 104. At the same time, America’s 10-year bond yield has weakened to a little above 4 percent.
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Aug 01, 2024 08:59 IST
Rate cut may happen in September
The US Fed has kept the interest rates unchanged in its July policy. But Fed Chairman Jerome Powell has hinted at a rate cut in September. Powell said that we will cut rates by September at the earliest. This cut can be up to a quarter percent. It is believed that the US Fed may cut rates 2 times this year. The Fed Chairman said that inflation has definitely come down, but the target of 2 percent is yet to be achieved.
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Aug 01, 2024 08:59 IST
FII and DII data
On Wednesday, July 31, 2024, foreign portfolio investors (FIIs) were net sellers for the third consecutive day. They sold shares worth Rs 3462.4 crore on Wednesday. While domestic institutional investors (DIIs) were net buyers for the sixth consecutive day and bought shares worth Rs 3366.5 crore on Wednesday.
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Aug 01, 2024 08:58 IST
Selling in Asian markets
Selling is being seen in major Asian markets in today’s trade. Talking about Asia, GIFT NIFTY is up by 0.12 percent while Nikkei 225 is down by 2.64 percent. Strait Times is down by 0.74 percent while Hang Seng has weakened by about 0.16 percent. Taiwan Weighted is up by 1.79 percent while Kospi is up by 0.57 percent. Shanghai Composite is down by 0.06 percent.
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Aug 01, 2024 08:58 IST
Dow Jones closed up 100 points
On Wednesday, the US markets witnessed a strong rally. On Wednesday, the Dow Jones Industrial saw a gain of 99 points and closed at 40842.79. The NASDAQ Composite saw a gain of 452 points and closed at 17599.40. While the S&P 500 index rose by about 86 points and closed at 5522.30.
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