Stock Market Live: Market slips from record high, Sensex drops 600 points, Nifty below 24250, MARUTI top gainer, M&M top loser

Stock Market Updates Today : Amid mixed global signals, the domestic stock market slipped after reaching a new high today. Nifty made an all-time high of 24461 in intraday today. While the Sensex reached a record level of 80,481 today. But after some time there has been a huge decline in the market. The Sensex fell by more than 600 points. At the same time, the Nifty came below 24250. In today’s trading, the bank, financial, IT and auto indices are seen in the red mark on Nifty. While the FMCG, metal, pharma and realty indices are in the green mark. Currently, the Sensex is seeing a decline of 627 points and is trading at the level of 79,724.98. While the Nifty is trading at the level of 24,233, down 200 points. Today’s top gainers include MARUTI, ADANIPORTS, TITAN, NESTLEIND, POWERGRID. While top losers include M&M, KOTAKBANK, HDFCBANK, SBI, INDUSINDBK, AXISBANK.

Global signals are mixed

Today, global signals are mixed for the domestic stock market. Buying is being seen in major Asian markets in today’s trade. Earlier, the US markets closed mixed on Tuesday. On Tuesday, Dow Jones Industrial witnessed a decline of 53 points and closed at the level of 39291.97. NASDAQ Composite saw a gain of 26 points and closed at the level of 18429.29. While the S&P 500 index closed at the level of 5576.98, rising by about 4 points.

July 10, 2024 10:55 IST

Stock market listing of Bansal Wire

Investors who got shares in Bansal Wire Industries Limited IPO got a lot of money today. Bansal Wire had a strong listing in the stock market today. The company’s share was listed on BSE at a price of Rs 352, while the upper price band in the IPO was Rs 256. In this sense, investors have made a profit of 38 percent or Rs 96 per share on listing. This IPO was subscribed 63 times overall.

July 10, 2024 10:36 IST

Emcure Pharmaceuticals Listing

Shark Tank judge Namita Thapar’s company Emcure Pharmaceuticals has got a strong listing in the stock market today. The company’s share was listed on BSE at a price of Rs 1325, while the upper price band in the IPO was Rs 1008. In this sense, investors have made a profit of 31 percent or Rs 317 per share on listing. This IPO was subscribed 68 times overall.

July 10, 2024 10:26 IST

Adani Ports News

Adani Ports has received a Letter of Intent to develop and operate Berth No. 13 at Deendayal Port in Gujarat with a concession period of 30 years.

July 10, 2024 10:24 IST

Delta Corp News

Delta Corp reported a 67.6 per cent decline in consolidated net profit to Rs 21.68 crore for Q1FY2025. Revenue from operations also fell 30 per cent to Rs 181 crore in the June quarter from Rs 259 crore in the corresponding quarter of the previous fiscal.

July 10, 2024 10:24 IST

Adani Power News

Adani Power’s unit Mahan Energen has signed a 20-year power purchase agreement with Reliance Industries for 500 MW. Under the agreement, Reliance Industries acquired a 26 percent stake in one of Mahan Energen’s 600 MW thermal power units.

July 10, 2024 10:23 IST

RVNL News

RVNL has emerged as the lowest bidder for a railway contract worth Rs 203 crore from South Eastern Railway. It has signed an agreement with Tatweer Middle East and Africa for rail-based work in the MENA region and European countries. It has also received a project worth Rs 187 crore from Maharashtra Metro Rail Corporation to build 6 elevated metro stations in Nagpur.

July 10, 2024 10:23 IST

ONGC News

Public sector Oil and Natural Gas Corporation (ONGC) will invest about Rs 2 lakh crore to achieve the target of net zero carbon emissions by 2038. Under this initiative, ONGC will set up renewable energy places and green hydrogen plants. The company, which produces about two-thirds of the country’s crude oil and about 58 percent of natural gas, released a 200-page document detailing the plan to achieve the target of net zero emissions.

July 10, 2024 10:22 IST

Adani Energy Solutions News

Diamond Power Structure Limited (DPIL) said that it has received an order of about Rs 900 crore for the supply of conductors from Adani Energy Solutions Limited. In a notice to the stock exchange, DPIL said that it has received an order worth Rs 899.75 crore from Adani Energy for the supply of new generation aluminum alloy conductors. This order is to be completed by April 2025.

July 10, 2024 10:22 IST

Infosys News

Infosys has announced a 5-year collaboration with SectorAlarm, one of Europe’s leading security providers, to transform its core enterprise business systems on the cloud. SectorAlarm is partly owned by global investment firm KKR.

July 10, 2024 08:54 IST

Crude below $85

Brent crude is witnessing a decline. In the international market, crude has slipped below $85 per barrel and is trading at around $84.50 per barrel. While WTI crude is around $81.50 per barrel. America’s 10-year bond yield is around 4.25 percent. While the dollar index has once again crossed the level of 105.

July 10, 2024 08:53 IST

FII and DII data

On July 9, 2024, foreign portfolio investors (FIIs) were net buyers for the fifth consecutive day and bought shares worth Rs 314.5 crore on Tuesday. At the same time, domestic investors (DIIs) were also net buyers on Tuesday and bought shares worth Rs 1416.5 crore.

July 10, 2024 08:53 IST

Shopping in Asian markets

Buying is being seen in major Asian markets in today’s trade. Talking about Asia, GIFT NIFTY is up by 0.08 percent while Nikkei 225 is up by 0.13 percent. Strait Times is up by 0.56 percent and Hang Seng is up by 0.54 percent. Taiwan Weighted is up by 0.25 percent while Kospi is down by about 0.16 percent and Shanghai Composite is down by 0.20 percent.

July 10, 2024 08:53 IST

Dow Jones closed down by 53 points

The US markets closed mixed on Tuesday. On Tuesday, the Dow Jones Industrial saw a decline of 53 points and closed at 39291.97. The NASDAQ Composite saw a gain of 26 points and closed at 18429.29. While the S&P 500 index closed at 5576.98, rising by about 4 points.

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