Latest Market News Today Live Updates July 15, 2024: Tunwal E-Motors IPO booked 1.97 times on day 1 of bidding. Check GMP, subscription status

• Tunwal E-Motors IPO: With a face value of ₹2, each share in Tunwal E-Motors’ initial public offering (IPO) is priced at ₹59. A minimum of 2000 shares, as well as multiples of those, are up for bid.

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• Northern Arc Capital, which filed preliminary IPO papers with SEBI in January, received its observation letter on July 12, according to an update.

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• A harsh summer likely aided Crompton’s June quarter results
• Crompton took a strategic call to shift Butterfly’s focus from B2B to retail

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• Sati Poly Plast IPO: The issue that opened for subscription today received a strong response as was subscribed 136.65 times by 5:00 PM on day 2. The GMP rose from ₹70 to ₹105 on day 2. The issue will be available for subscription till Tuesday 16 July 2024.

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• IREDA’s asset quality showed sequential improvement, with gross NPA reducing to 2.19% from 2.36% in March, and net NPA improving to 0.95% from 0.99% in March.

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• Deepak Shenoy expects Nifty 50 aggregated EPS to report a high single digit on the back of strong earnings growth from sectors like Financials, Automobiles & FMCG sectors.

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• Stock Market Today: Indian Pharma market growth at 6.7% yoy in June softened over April and May. IPCA, Glenmark, Ajanta, Mankind, Sun pharma, Zydus Lifesciences , Procter & Gamble Health Ltd, JB Pharma, Eris Lifesciences were some prominent names that reported 7.2-12% yoy growth.

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• Trump Media shares surged 55 per cent in premarket trading in New York as odds of former US president Donald Trump victory rose after an assassination attempt at a rally

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• Axis Securities anticipates the Union Budget 2024-25 to focus on higher Capex spending, increased rural spending, job creation, and fiscal consolidation. Sector-wise expectations include infrastructure, BFSI, cement, auto, power, FMCG, metals, and midcaps.

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• Top Gainers and Losers Today : The Sensex gained 145.52 points, or 0.18, to settle at 80519.34, while the Nifty gained 84.55 points, or 0.35, to close at 24502.15.

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• Multibagger SME IPO: Krishca Strapping Solutions’ share price has surged by 557% since its NSE SME debut, making investors prosperous. Technical analysts predict a potential upmove towards ₹400 with immediate support at ₹330.

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• The general merchandise and apparel segment started improving in Q3FY24 and the trend has been encouraging so far. But the stock’s rich valuation may cap significant upside in the immediate future as the recovery is expected to take time.

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• Stock market today: Nifty 50, Sensex end at fresh highs; SBI, ITC among top index movers

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• Budget 2024: Alok Agarwal, Head – Quant & Portfolio Manager at Alchemy Capital Management expects that the government will raise capex target by 20-25 per cent from FY24 and suggests traders to focus on fundamentals.

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• Mukul Agrawal portfolio: Multibagger stock PTC Industries has delivered a 120% return in YTD time

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• Multibagger stock: Rathi Steel share price today opened with an upside gap and touched an intraday high of ₹57.04 apiece on BSE

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• Sundar Iyer invested in this realty stock through his company SI Investments and Broking Private Limited

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• Prabhudas Lilladher sees New India Assurance as a strong player in the Indian general insurance industry, with a focus on new product launches and improving ROE. Backed by the Government of India, the company aims to maintain market leadership and improve combined ratios.

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• MOFSL raises silver’s target price to ₹1,25,000, suggests ‘buying on dips’. Silver showed remarkable performance with 30% YTD gains. Expected supply deficits and robust industrial demand point towards a bullish outlook.

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• Defence stock Apollo Micro Systems has received Make II project from the Indian Army

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• Deepak Jasani, Head of Retail Research at HDFC Securities, believes the market will witness some profit booking post the Budget. Suggesting a market strategy with the Union Budget in mind, Jasani advised some tilt towards value sectors like metals and financials.

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• Sai Life Sciences files DRHP for IPO with SEBI to raise funds by issuing equity shares, including a mix of newly issued and existing shares for sale.

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• Don’t let the hum of the bull tune out signs warning that a bear may be lurking.

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• PC Jeweller shares are rising as the company board has approved ₹2,705 crore fundraise through the issuance of fresh shares

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• Technical views on F&O market by Rupak De, Senior Technical Analyst, LKP Securities. De suggests buying Indian Bank, Birlasoft Ltd, and Indian Railway Finance Corporation Ltd (IRFC).

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• Looking for high growth stocks with consistency? Here’s a list of companies to track

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• Stock Market Today: Aurobindo Pharma share price gained more than 5% in morning trades on Monday as share price scaled 52-week high. The company announced that its Board meeting will be held on Thursday, July 18, 2024 to consider share buy back

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• Following shares hit their 52 week low today – CMI, Jaiprakash Associates, Brightcom Group, Bohra Industries, Secur Credentials

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• Following shares hit their 52 week high today – GAIL India, Oil & Natural Gas Corporation, Dr Reddys Laboratories, Infosys, Wipro

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• Devina Mehra warns investors about the risks associated with smallcap stocks, emphasizing the historical pitfalls and importance of understanding volatility and risks.

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• Expert view: Real estate, capital goods, financials, power stocks, consumer discretionary, and telecom are attractive sectors for the next one to two years, according to Amar Ambani. He suggests repositioning towards large caps and exiting mid and small-cap stocks with frothy valuations.

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• Zomato’s share price surged over 4% to hit a 52-week high after announcing an increase in platform fee. The move is expected to boost profitability in selected areas like Bengaluru and Delhi.

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• Gold And Silver Prices Today:Gold And Silver Prices Today : 10 gm of 24 carat gold was at Rs.73972.0 in Delhi whereas 1 kg of silver was Rs.91920.0 in Delhi.

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• Stocks to buy: According to brokerage firm Axis Securities, if the Nifty 50 crosses and sustains above 24,600, it would witness buying, leading it to 24,800-25,000 levels. However, if the index breaks below the 24,400 level, it will witness sales and move to 24,200-24,000.

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• Stock Market Today: DMart (Avenue Supermarts Ltd) share price gains more than 4% post in opening trades on Monday post it reported inline financial performance during April-June quarter.

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• IREDA share price today opened at ₹300 apiece and touched an intraday high of ₹310 per share on the NSE within a few minutes of the Opening Bell

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• HCL Tech share: HCL Tech’s results for Q1FY25 were a beat on all estimates; however, concerns with the company’s growth in FY25 persist, say experts

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• Sanstar IPO price band is set at ₹90 to ₹95 per equity share. The subscription date is from July 19 to July 23.

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• Indian stock market: Gift Nifty was trading around 24,616.50 level, a premium of nearly 87 points from the Nifty futures’ previous close, indicating a positive start for the Indian stock market indices.

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• Stocks to buy today: Experts have recommended buying these five buy-or-sell stocks — Ganesha Ecosphere, IRFC, Bank of Baroda, LIC Housing Finance, and Indus Tower

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• Nifty 50, Sensex today: The trends on Gift Nifty also indicate a positive start for the Indian benchmark index. The Gift Nifty was trading around 24,616.50 level, a premium of 87 points from the Nifty futures’ previous close.

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• Sandip Raichura, CEO of Retail Broking & Distribution and director at Prabhudas Lilladher, warns that a lack of a populist streak in the budget might spark dissatisfaction among investors.

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• Stocks to buy or sell: Sumeet Bagadia has recommended buying these five breakout stocks today — Railtel, IRFC, HPL, Cantabil, and Sonata Software

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• The large-cap IT company’s revenue declined 1.6% sequentially in constant currency terms. Among verticals, manufacturing, financial services and life sciences were the other drags.

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• Buy or sell stocks: Vaishali Parekh has recommended three stocks to buy today — Birlasoft, Cyient, and Ramkrishna Forgings

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• Listed bond issuances through the electronic debt bidding platform fell sharply, in terms of the total amount raised, in the just-concluded financial first quarter. A turnaround, however, is likely, propelled by bank bonds.

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• Aditya Birla Fashion, Balrampur Chini Mills, Bandhan Bank, Chambal Fertilisers, GMR Infra, GNFC, IEX, India Cements, Indus Towers, Piramal Enterprises, and RBL Bank are the eleven stocks on the NSE’s F&O ban list for July 15

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