Latest Market News Today Live Updates July 12, 2024: Top Gainers and Losers today on 12 July, 2024: Tata Consultancy Services, Wipro, Maruti Suzuki India, Divis Laboratories among most active stocks; Check full list here

• Top Gainers and Losers Today : The Sensex gained 622.0 points, or 0.78, to settle at 79897.34, while the Nifty gained 186.2 points, or 0.77, to close at 24315.95.

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• Sonata Software’s shares have surged by 630% in the last four years, reaching ₹724 per share. In 2023, the stock saw a 163% gain, finishing 11 out of 12 months positively. Dalal& Brocha Stock Broking has initiated coverage on the stock with a ‘buy’ rating, setting a target price of ₹919.

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• Nifty 50, Sensex end at fresh record highs; what drove the Indian stock market today?- explained

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• Stock market experts have suggested stock-specific strategy ahead of the Budget 2024 date for intraday trading

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• Stock Market Today: Tata Steel, JSW Steel, JSPL, SAIL share prices have risen 5-36% year to date. While steel demand in country remains strong and Budget proposals are likely to support demand, the weak global and domestic steel prices may keep steel margins under check during the first half FY25.

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• Stock market today: Axis Bank share price today opened upside and touched an intraday high of ₹1,339.65 apiece on NSE

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• Systematix expects a substantial rise in raw material costs for cement players, with some moderation expected. Despite cost-saving measures, it expects EBITDA per ton to decline due to a sharp drop in realisations of ₹319 per ton year-on-year and ₹131 per ton quarter-on-quarter.

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• Multibagger alert: Shera Energy share price has shown significant growth, with technical analysts predicting a potential momentum move on a range breakout. The firm saw a 37% increase in total sales in the second half of FY2024, with a recent deal worth USD 87,000 expanding its presence in Africa.

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• The TCS management has retained its stance of a better FY25 versus FY24. This optimism is underpinned by earlier macro green shoots

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• Indian IT stocks surge on TCS’s strong Q1 earnings and Fed rate cut anticipation. Nifty IT index hits fresh 52-week high with major gains in key stocks like Coforge, MphasiS, and TCS.

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• Nifty 50 has jumped over 5% in the last one month and is up more than 12% year-to-date (YTD). The stock market currently seems to be consolidating and is sweetly poised given several factors, according to brokerage firm Prabhudas Lilladher.

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• Hemant Sood, the managing director (MD) of Findoc, says in the Budget 2024, key focus areas will include fiscal consolidation, increased capex spending, and targeted social welfare programs.

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• Zee Entertainment shares surge 7% after announcing board meeting to consider fundraising proposals. Company plans to raise ₹2,000 crore for growth. Stock recovers from earlier losses post Sony merger collapse.

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• Rekha Jhunjhunwala has kept her shareholding in Canara Bank unchanged at 1.47% during Q1FY25

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• Apart from semiconductors, this company caters to hi-tech medical equipment, aerospace, networking consumer electronics, etc.

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• Reliance Industries Ltd chose a vertical split when listing Jio Financial Services, and while investors may be rooting for a repeat, it’s just as likely that RIL’s promoters will take the IPO route to retain a controlling stake in Jio Platforms.

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• Quant Mutual Fund’s CFO Harshal Patel resigns amid SEBI’s front-running probe: Report

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• Shares of Bondada Engineering surged 5% to ₹2,625 apiece after it secured a new order worth ₹316 crore from Reliance Projects. The company’s stock gained 55.25% in June and 561% in the current year so far.

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• Dolly Khanna portfolio: Dolly Khanna had a stake of about 1.03 per cent in small-cap stock Tinna Rubber and Infrastructure at the end of Q1FY25, according to the company’s latest shareholding pattern data on BSE.

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• Crompton Greaves share price surged 3% post Antique’s BUY upgrade to ₹503 target. Operational performance to improve post FY25 with Butterfly restructuring. Lighting segment set to rebound with expanded product portfolio and network growth.

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• Balu Forge share price today opened upside at ₹423 and touched an intraday high of ₹429.30 apiece on the NSE

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• Following shares hit their 52 week low today – Secur Credentials, Praxis Home Retail, Jaiprakash Associates

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• Following shares hit their 52 week high today – Wipro, Oil & Natural Gas Corporation, Axis Bank, Trent, Torrent Pharmaceuticals

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• Stocks to buy: Shivalik Bimetal share price has rallied over 12% in one week and more than 20% in one month. The stock is up over 22% year-to-date (YTD). While Shivalik Bimetal shares has remained largely flat in one year, it has given multibagger return of more than 730% in the past three years.

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• Gold And Silver Prices Today:Gold And Silver Prices Today : 10 gm of 24 carat gold was at Rs.74014.0 in Delhi whereas 1 kg of silver was Rs.92390.0 in Delhi.

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• SCI stock surged 16.40% on positive developments, gaining 40% in 3 sessions. This rally has propelled the stock to deliver 113% gain in the current year so far.

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• Effwa Infra and Research share price began trading at ₹155.80 per share on NSE SME as against its IPO price of ₹82 per share.

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• Ganesh Green Bharat IPO debuted on NSE SME with a share price opening at ₹361, 90% higher than the issue price. The IPO had a subscription status of 229.92 times, offering schemes like water supply projects and solar energy services.

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• Stocks in focus: Rajesh Palviya has recommended to buy, hold, and accumulate Oil and Natural Gas Corporation Ltd (ONGC), Hercules Hoists Ltd, and Sequent Scientific Ltd today.

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• Stock Market today: Multibagger IPO stock Azad Engineering gained 5% to hit upper circuit limit a it received an 5 years international contract from Siemens Energy Global CmtH & Co. KG, Germany

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• IREDA share price today opened downside but soon gathered upside movement and touched an intraday high of ₹297.90 on the NSE

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• Scary headlines often mask a more benign reality. So when big investors make potential market-moving calls, be sure to fully understand their view and, more importantly, see what they actually do.

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• TCS share price rose over 2 per cent in early deals on the BSE on Friday, July 12, a day after the company reported its April-June quarter scorecard.

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• Stocks to buy or sell: Sumeet Bagadia has recommended buying these five breakout stocks today — Artemis Medicare Services, Mazda, Refex Industries, SeQuent, and Ponni Sugars

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• The buying of options by individual investors increased threefold a year after the pandemic, given that these instruments are a lot cheaper than futures, although the scope for profitability is dim. The trend continues unabated nevertheless, leaving both Sebi and RBI concerned.

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• Jio Financial Services approved by RBI to become a CIC from an NBFC, following the demerger of Reliance Industries’ financial services division.

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• A Zerodha user lost ₹10L due to a bug in the platform. Orders were executed but not listed as completed. Zerodha took responsibility, refunded ₹9 lakh within 48 hours. The issue was caused by a developer error, not a network problem.

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• The trends on Gift Nifty indicate a positive start for the Indian benchmark index. The Gift Nifty was trading around 24,460 level, a premium of nearly 50 points from the Nifty futures’ previous close.

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• Stocks to buy today: Experts have recommended buying these five buy-or-sell stocks — CESC, CMS Info Systems, Ashok Leyland, SBI, and Affle India

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• Bezos sold 19,96,015 Amazon shares on July 9 at an average price of $200.1198 per share. This was followed by the sale of 266,396 Amazon shares on July 10 at a weighted average price of $200.0069 per share.

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• Indian stock market: Gift Nifty was trading around 24,462 level, a premium of nearly 50 points from the Nifty futures’ previous close, indicating a positive start for the Indian stock market indices.

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• Buy or sell stocks: Vaishali Parekh has recommended three stocks to buy today — Coal India, NIIT, and Balrampur Chini Mills

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• TCS share price is likely to open in green as India’s largest IT services players beat the majority of D-Street estimates in the first quarter of FY25, driven by revenue growth from its India business.

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• In 2023-24, the 56 listed central government public sector enterprises registered a 48% increase in their profits, which exceeded ₹5 trillion.

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