[ad_1]
Shares of Reliance Industries traded during a special session to determine the share value of the financial services company spun off, Jio Financial Services. The discovered price for Jio Financial Services was 261.85 rupees, higher than street estimates of 160-190 rupees.
Stocks with a high weight in information technology (IT) lost more than 1%, leading the losses in the benchmarks. IT companies had been rallying for four consecutive sessions since data showed a moderation in US inflation before breaking the winning streak in the previous session. IT companies derive a significant portion of their revenue from the US and Europe.
Infosys led the losers on Nifty 50 ahead of its June quarterly earnings later today.
Analysts advised investors to remain cautious on high valuations ahead of major gains and the July 26 policy decision from the US Federal Reserve.
“We believe the focus should be more on stock selection as markets are overbought, which could lead to consolidation ahead,” said Ajit Mishra, senior vice president, technical research at Religare Broking.
Asian markets rallied higher on improved sentiment in global equities following a surprising moderation in UK inflation.
Among individual stocks, Transformers and Rectifiers India fell more than 15% after receiving a “stop deal” notice from Gujarat Energy Transmission for allegedly submitting a forged material shipment certificate.
Krsnaa Diagnostics lost 15% after National Health Mission, Rajasthan canceled an award letter previously issued to a consortium of the company.
On the other hand, milk processing company Hatsun Agro rose more than 8% after a quarterly profit increase in June, based on strong demand.
!1 new updateClick here for the latest updates
Priti International receives order for airport furniture from Airport Authority of India, Begumpet airport; inventory gains 4%
Price as of July 20, 2023 12:59 pmClick on company names for their current prices.
Results DB Corp Q1 | PAT at Rs 78.76 crore vs Rs 31 crore YoY; Earnings at Rs 554 crore vs Rs 494 crore YoY
Price as of July 20, 2023 12:39 pmClick on company names for their current prices.
LIC announced that Corporation’s stake in Hindustan Copper has been diluted from 11,91,64,785 to 9,91,10,743 shares, reducing its stake from 12,323% to 10,249%.
Price as of July 20, 2023 12:30 p.mClick on company names for their current prices.
SJVN has signed Power Purchase Agreements (PPA) for 300 MW renewable energy projects. The PPAs are signed by SJVN Green Energy Limited (SGEL), a wholly owned subsidiary of the company.
Price as of July 20, 2023 12:14 p.mClick on company names for their current prices.
Ambuja Cements executive at AGM says no plans to merge ACC, Ambuja Cement
Price as of July 20, 2023 12:12 pmClick on company names for their current prices.
The CEO of ACC says co will add 16 million tons of capacity over the next 2-5 years
Price as of July 20, 2023 12:12 pmClick on company names for their current prices.
Fortis Hospitals | 17 lakh shares block deal
Price as of July 20, 2023 11:50 amClick on company names for their current prices.
Reliance spin-off Jio Financial worth $20 billion, above estimates
The spin-off by Reliance, controlled by billionaire Mukesh Ambani, is regarded as the oil-to-retail conglomerate’s way of expanding into the lucrative financial services sector, especially as it is licensed for non-banking financial firms.
First, India’s major exchanges held a special one-hour “pre-open call auction” trading session for Reliance on Thursday to determine the share price of JFS.
HUL Q1 preview: Revenue growth to moderate from price action-led base effect
The company’s turnover is growing by 8-9% compared to last year. However, volume growth is likely to be around 6%, led by the home care and personal care segments.
A director from Madhavarao (technical) has been appointed as the chairman and general manager of BDL
Price as of July 20, 2023 11:18 amClick on company names for their current prices.
DMart, Trent only retail segment losers
Price as of July 20, 2023 11:12 amClick on company names for their current prices.
Nifty PSU Bank Index Top Performer in Industry
- All components act in the green
Transformers & Rectifiers receives “stop deal” notice from Gujarat Energy Transmission Corp; stock tumbles 14%
Price as of July 20, 2023 10:47 amClick on company names for their current prices.
BLOCK DEAL | Fedaral Bank’s 30.7 lakh shares change hands
Price as of July 20, 2023 10:37 amClick on company names for their current prices.
Infosys Q1 Preview | 6 important things to keep track of
Likhitha Infrastructure is awarded an order worth Rs 236 crore
Price as of July 20, 2023 10:32 amClick on company names for their current prices.
Zensar Tech, Amara Raja among the top losers on NSE at this hour
Price as of July 20, 2023 10:20 amClick on company names for their current prices.
JUST INSIDE | RIL settles pre-open session at Rs 2580 per share
Jio Financial value at Rs 261.85 per share
Ahead of the first quarter results…
Price as of July 20, 2023 9:45 amClick on company names for their current prices.
BLOCK DEAL | ITC’s 18.5 lakh shares change hands
Price as of July 20, 2023 9:32 amClick on company names for their current prices.
Newgen Software Technologies Ltd on Wednesday reported a 57 percent increase in its after-tax profit at Rs 30 crore in the April-June quarter of the current financial year. The company had reported a profit after tax (PAT) of Rs 19.2 crores in the first quarter. quarter of the previous fiscal year, Newgen Software said in a release.
Price as of July 20, 2023 9:29 amClick on company names for their current prices.
Morning view of the market by Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
The split of Jio Financial Services from RIL and the Q1 results from Infosys, HUL and a host of mid-cap IT companies could spark a lot of price action in the market today.
Top movers in the morning trade
Price as of July 20, 2023 9:19 amClick on company names for their current prices.
Opening bell: Sensex flat, handy above 19,800; Newgen Tech gains 4%, ICICI Pru drops 2%
Pre-open session: Sensex down 20 points; Handy among the 19,835
RIL shares are trading ex-Jio Financial today
Markets Live Updates: Quarterly Results Today
HUL, Infosys, Havells and United Spirits, among others, are reporting their first quarter results today.
Markets Live Updates: GIFT Nifty (previously SGX Nifty) signals a muted start
GIFT Nifty on the NSE IX traded 4 points, or 0.02 percent, higher at 19,845, indicating that Dalal Street was off to a muted start on Thursday.
Tech View: Helpful graphs show a high wave type pattern
Nifty gained triple bottom support around 19,730 zones on an intraday basis and rose sharply to near 19,850 zones.
Markets Live Updates: Tokyo Stocks Open Lower
Shares in Tokyo opened lower on Thursday after modest gains on Wall Street, bolstered by optimistic views that the US Federal Reserve would soon end its cycle of rate hikes. the broader Topix index fell 0.09 percent, or 2.05 points, to 2,276.92.
US Stocks Rise as Earnings Rise; Dow notches 8th day of gains
The Dow Jones Industrial Average and the S&P 500 index rose modestly on Wednesday, with the blue-chip Dow posting its eighth day of gains as investors gauged the latest round of corporate earnings, but a drop from Microsoft kept the Nasdaq close to unchanged. .
Rupee drops 4 paise to 82.08 on strong dollar and firm oil prices
The rupee depreciated 4 paise on Wednesday to close at 82.08 against the US dollar on Wednesday, impacted by the rebound of the US currency in world markets and firm crude oil prices.
Markets Live Updates: Oil Prices Open Lower on Dollar Strength, Profit Taking
Oil prices fell in early Asian trading on Thursday, extending losses from the previous session as the dollar strengthened and profit-taking after US crude inventories fell less than expected.
Sensex, Handy on Wednesday
Aided by a rebound in Reliance late in the session and a rebound in banking and media stocks on strong quarterly earnings, the BSE Sensex rallied 302 points to post a closing high of 67,097, while the broader Nifty soared 83 points to settle at 19,833.
Good morning, dear reader! Here’s something to kickstart your trading day
|
Sources 2/ https://economictimes.indiatimes.com/markets/stocks/live-blog/bse-sensex-today-live-nifty-stock-market-updates-20-july-2023/liveblog/101971184.cms The mention sources can contact us to remove/changing this article |
[ad_2]