The near-term uptrend of Nifty continues to hold strong. Although Nifty is consolidating at higher levels, there is no indication of a significant reversal pattern forming at these highs. A further upward movement could push Nifty towards the 24,900 mark next week. Immediate support is positioned at 24,450 levels, according to Nagaraj Shetti of HDFC Securities.

The Dow Jones Industrial Average rose 52.06 points, or 0.13%, at the open to 40,263.78.

The owners are exploring selling equal stakes that may total 13% in Mumbai-listed Adani Wilmar, said the people, asking not to be identified as the information is confidential. A sale that size would be valued at roughly $670 million as of Tuesday, and could take place as early as the coming months, the people said.

Eligible mutual funds must have a minimum operational history of 3 years and an average AUM of at least Rs 10,000 crore over the same period. Additionally, neither the sponsor nor the AMC can have faced any regulatory action under sections 11, 11B, or 24 of the SEBI Act, 1992 within the past 3 years.

Starting August 1, over 1,000 stocks will no longer be accepted as collateral for margin funding by the National Stock Exchange. The exchange will only accept securities as collateral if they have been traded on at least 99% of the days over the last 6 months and have an impact cost of up to 0.1% for an order value of Rs 1 lakh. Notable companies such as Adani Power, YES Bank, Suzlon, Bharat Dynamics, and Paytm are among the 1,010 securities that have been removed from the list of eligible collateral. Watch!

India's blue-chip indices surged to a record high on Tuesday, led by IT stocks on firming bets of a rate cut as early as September. Meanwhile, in today's trade, 5 midcap stocks from the Nifty200 index hit new all-time highs. Here's a list:

India's benchmark equity indices rose to a record high on Tuesday, led by information technology shares on firming bets of a rate cut as early as September. Meanwhile, in today's trading session, five stocks from the Nifty50 index hit a new 52-week high. Here's the list:

The 30-share BSE Sensex rose by 52 points, or 0.06%, to close at 80,716, while the broader NSE Nifty increased by 26 points, or 0.11%, finishing at 24,613. In the Sensex pack, HUL, Bharti Airtel, Tech Mahindra, Infosys, M&M, and ICICI Bank recorded gains. Conversely, Kotak Mahindra Bank, NTPC, Reliance Industries, UltraTech Cements, and Power Grid saw declines.

In an exchange filing on Monday, the metals-to-oils conglomerate announced that its fundraising committee had approved the QIP's launch at a floor price of ₹461.26 per share Vedanta did not respond to ET’s queries. The company also added that it may offer a discount of not more than 5% on the floor price for the issue. The board of the natural resources major had, in May, approved fundraising of up to Rs 8,500 crore, which then got shareholder approval in June.

The equity AUM of the US-based funds reached a record Rs 30.2 lakh crore ($361 billion), equivalent to 70% of the total equity value of India's domestic mutual funds.

In an exchange filing on Monday, the metals-to-oils conglomerate announced that its fundraising committee had approved the QIP's launch at a floor price of ₹461.26 per share Vedanta did not respond to ET’s queries. The company also added that it may offer a discount of not more than 5% on the floor price for the issue. The board of the natural resources major had, in May, approved fundraising of up to Rs 8,500 crore, which then got shareholder approval in June.

The agency anticipates a reduction in the Federal Funds rate by a cumulative 50-75 basis points in 2024, followed by an additional reduction of 100-125 basis points throughout 2025. According to the US Bureau of Labor Statistics, the headline Consumer Price Index (CPI) decreased by 0.1% in June.

If looking for investing in a bank, which would be better stock to own. A bank which after a period of four years has once again paid dividend last year or a bank, which in the last five years have missed dividend only in FY 2020, which was covid year. Yes, second one, but most investors don't look at these things which in the long run matter both for the real business and finally the stock price. Similarly, there are many small things which need to be looked at when investing in a mid cap stocks for very simple reason that market is sitting with a good amount of gain and short corrective move which may come largely because of global reason or just a simple profit booking move may hit midcap more than anyone else. So, while being bullish and increasing your exposure just do a little bit of work so that one is able to avoid anxiety in time of corrective phase of the market.

The scheme is benchmarked against Nifty India Defence - TRI, which provided a return of 146.17% in the last nine months. Over the past three and six months, the scheme delivered returns of 60.66% and 87.04%, respectively. In the last one year, the scheme has achieved a return of 187.42%.

Stock markets will be closed on July 17 for Muharram. BSE and MCX to observe the holiday.

In Q2 2024, Mukul Agarwal added Lux Industries, while trimming stakes in Indian Metals & Ferro Alloys, Ethos, and Apollo Pipes. He increased positions in Hind Rectifiers and ISMT. Lux Industries saw 52% returns. Hind Rectifiers and ISMT yielded 147% and 95% annual returns. His diversified portfolio, including Radico Khaitan and Ceat, is valued at Rs 5,825.3 crore by Trendlyne.

Sebi introduces a unit-based employee benefit scheme for REITs and InvITs, allowing managers to grant unit options to employees. The rules, effective from July 12, aim to provide benefits without additional costs to the trusts. The scheme requires disclosure and follows insider trading rules.

HDFC Life Insurance Company reports a strong Q1FY25 with a 15% YoY growth in net profit. Brokerages maintain buy ratings with target prices ranging from Rs 765 to Rs 819. The company faces challenges but remains optimistic about future growth.

The pan-European STOXX 600 was down 0.4%, as of 0718 GMT. The basic resources sub-index led sectoral declines with a 1.2% fall as it tracked easing copper prices

"If Trump were to aggressively implement measures like tax cuts, the stock market is likely to rally," Masahiro Ichikawa, chief market strategist at Sumitomo Mitsui DS Asset Management, said, adding that these expectations prompted buying among Japan's high tech and other shares on Tuesday.

KPI Green Energy's 1:2 stock split on July 18 turns Rs 10 shares into two Rs 5 shares, enhancing liquidity and attracting small investors.

A long buildup occurs when there is an increase in open interest and trading volumes alongside a rise in the price of the underlying stock in the Futures and Options segment, indicating a bullish trend in the market. In Tuesday's trading session, five stocks experienced a buildup of fresh long positions. Here's the list:

One big change in the final budget could be an increase in rural expenditure including higher spends on affordable housing. RBI’s extraordinary dividend of Rs 2.1 lakh crore and impressive tax collections give the government the power to increase expenditure and still stick to its prudent policy of lowering the fiscal deficit.

Dividends are disbursed to shareholders recorded in the company's database on the record date. Under the T+1 settlement system, the record date aligns with the ex-date unless there is a market holiday immediately after the ex-date.

A debt that has been past due and unpaid for a predetermined period is known as a non-performing asset (NPA). According to Trendlyne Data, Punjab & Sind Bank, Canara Bank, and Bank of Maharashtra are the top PSU banks that saw decline in NPA in Q4FY24. Here's a list:

Bharti Hexacom surged over 9% to Rs 1,165 on Tuesday after JPMorgan initiated coverage with an 'Overweight' rating and a target price of Rs 1,280, suggesting a 20% upside from the previous day's close. The brokerage views Bharti Hexacom as a top player in India's market repair segment.

Jio Financial shares fell 3% to Rs 346.80 following a Q1FY25 net profit drop to Rs 313 crore. Revenue was Rs 418 crore, interest income Rs 162 crore. Sequential net profit increased to Rs 311 crore. Standalone PAT recorded Rs 72 crore. Shares surged 48% year-to-date since August 21, supported by partnerships with 31 insurance firms.

Paytm shares dropped 2% after SEBI's July 15, 2024, letter flagged FY 2021-22 transactions lacking required approvals. Paytm asserts compliance, operational stability, and transparency. SEBI demands corrective actions to ensure adherence to regulations. Paytm shares have fallen 30% year-to-date, and the company pledges to respond to SEBI and prevent future issues.

Debt-ridden Vodafone Idea's shares rose 6% to Rs 17.66 as the Chief Justice agreed to review its AGR plea, citing a patent error of law. Vodafone owes Rs 58,254 crore, paid Rs 7,854 crore. Airtel owes Rs 43,980 crore, paid Rs 18,004 crore. Supreme Court's 2019 judgment rejected rectification. Stock surged 34%, BSE analytics shows multibagger returns of 136.

Indian indices rose 0.12%, with Sensex gaining 97 points and Nifty 50 reaching a new July record, up 29 points at 9:22 am, trading at 24,615. Nifty rose in 8 out of 12 July sessions. Bharti Airtel, Adani Ports, Tata Steel, and Bajaj Finserv led gains, while HCL Tech, L&T, Tata Motors, and Nestle India saw losses.

The full Budget of the new government is slated for the next week, with strong expectations running across industries. Domestic brokerage firm Reliance Securities believes that the government is expected to strategically utilize the extra windfall one time dividend received from the RBI to encourage consumption. The brokerage has listed 7 stock ideas across sectors which could outperform and create alpha returns over the next few months as markets are at all-time high ahead of the Union Budget:

SpiceJet shares surged 7% on Tuesday, reaching Rs 60, following the airline's Q4 profit announcement of Rs 127 crore. This marked a turnaround from losses of Rs 6.2 crore and Rs 299 crore in the March and December 2023 quarters, respectively. On a standalone basis, the low-cost carrier reported a sixfold surge in net profit to Rs 119 crore in the fourth quarter

Wipro has surged nearly 30% since June 2024, breaking out from a Cup & Handle pattern. Short-term traders advised to consider buying with a target above Rs 600. Stock shows bullish momentum and positive price stability. Expert recommendations highlight potential further gains with a stop loss at 525.

Nikkei rose 0.51% to 41,399.72; Topix 0.8%. Investors betting on Trump's tax policies boosted stocks like Mitsubishi Heavy. Speculations on U.S. rate cuts affected yen/dollar. TDK up 4.2%, Tokyo Electron 0.9%, SoftBank 1.1%. Kawasaki Heavy up 5.4%, and U.S. stocks rose. Assassination attempt on Trump increased his win chances.

JPMorgan has initiated coverage on Bharti Hexacom with an 'Overweight' rating and a target price of Rs 1,280. The brokerage believes the company is the best in the Indian market for repair pure-play, predicting a 20% CAGR driven by tariff repairs, with returns stronger than peers, boosted by ARPU and subscriber growth tailwinds.

Paytm SEBI warning: One 97 Communications, Paytm's parent, received a SEBI warning for unapproved FY 2021-22 related party transactions with Paytm Payments Bank totaling ₹324 crore and ₹36 crore. The July 15, 2024 letter noted compliance lapses. Paytm asserts adherence to SEBI Listing Regulations, upholds high standards, ensures transparency, and confirms no financial impact while addressing SEBI's concerns.

Defence stocks are on fire with a Rs 1.8 lakh crore boom! Investors are eagerly awaiting the Budget for more incentives. Expectations are high for increased allocations and exciting growth prospects. Find out which stocks are the top picks for the big gains.

Mumbai: Banks plan to collectively raise ₹40,000 crore in the second half for expansion. PNB, Union Bank, and others seek approval at AGMs, adhering to RBI norms. Analysts discuss government shareholding, PNB's sequential growth, fundraising plans, and premium valuations from Motilal Oswal, Dolat Capital, and Ashika Stock Broking for credit growth.

Banks and auto ancillary stocks firing on all cylinders different cylinders.

Sensex and Nifty hit record highs, driven by PSU banks and foreign inflows. Aurobindo Pharma rose 20%, with an overbought RSI, trading 9.5% above the mean. Tanla Platforms nears its 50-week average, trading sideways. IDBI Bank shows strong demand at 76, with the highest quarterly trading volume, and momentum approaching breakout.

24 firms, including Bajaj Auto, L&T Finance, Just Dial, DB Corp, and BMW Industries, will announce Q1 results. Bajaj Auto anticipates a robust Q1 with 7% volume increase, expanded EBITDA margins, and 17% profit growth. Century Textiles, Deccan Bearings, Jubilant Ingrevia, Network18 Media also to be monitored. Bajaj's 14% sales growth echoes March quarter success.

Sai Life Sciences, backed by TPG, has filed for a massive ₹5000 crore IPO. Sanstar's IPO opens on July 19. Northern Arc Capital and bulk container manufacturer Shree Tirupati have also received SEBI approvals for their IPOs. Sai’s offering includes a ₹800 crore fresh issue and sale of 61,573,120 shares. TPG holds 39.69% in Sai.

Banking sector set to shock investors with a dramatic drop in profits for June quarter! NII growth expected to slow down, squeezing margins and impacting net profit. Find out which banks are facing the biggest hit and how this could affect the sector's re-rating!

Zomato's shares hit a record high after a 20% platform fee increase in select areas, potentially boosting operating profit. Founder Deepinder Goyal's stake in the company is now valued at ₹8,464 crore. Analysts project a 6-7% EBITDA impact with the fee hike. Stock has surged over 84% in 2024.

Wall Street rose Monday on Trump election hopes, Fed rate cuts. Small caps, transportation stocks led gains. The Trump assassination attempt increased odds, boosting Trump Media. PredictIt odds rose; Macy's fell after buyout talks ended. Fed Chair Powell noted resilience. Goldman Sachs impressed; solar firms slid; cryptocurrency, gun stocks up.

Public sector stocks have seen a significant increase in market capitalisation post-election results, with speculation of potential government stake sales. Valuations are high, posing challenges for further price appreciation. Retail investors are advised to be cautious and consider CPSE ETF for investment.

Vedanta Ltd initiates a qualified institutional placement (QIP) to raise funds, starting at a floor price of ₹461.26 per share. The aim is to raise ₹6,000 crore with an option for an additional ₹2,000 crore. Proceeds will be used for debt reduction and capital expenditure.

Domestic markets saw positive trends with various companies like Bajaj Auto, SpiceJet, and Jio Financial making news. Vedanta launches QIP issue, while HDFC AMC reports profit jump. Updates on Angel One, Vodafone Idea, Unichem Labs, and more. Stay informed on the latest developments in the financial sector.