Stock Market LIVE on Tuesday, July 30, 2024: At 8:21 AM, GIFT Nifty futures were trading 59 points lower at 24,851.50 indicating a negative start for the day.
Posts in category Business Standard
Jigar S Patel of Anand Rathi recommends buying these three stocks today (30-07-2024)
Recently, PNB has found a support level, forming a bottom around the Rs 114-116 range. This suggests that stock has likely reached a point where selling pressure is reducing & buyers are stepping in.
Nifty Fin Services in corrective phase, PSU Banks rangebound; details here (30-07-2024)
The Nifty Financial Services Index currently shows a downward trend on the charts. Key support levels are anticipated at 23,080, 22,800, and 22,550.
Tata Chemicals, BoB: Top picks by Jatin Gedia of ShareKhan for July 30 (30-07-2024)
The Tata Chemicals stock has found support at the zone of Rs 1,030 – 1,040 which coincides with the 61.82 per cent fibonacci retracement level of the previous rise.
BluPine Energy secures Rs 239 cr financial assistance from Tata Capital (29-07-2024)
BluPine Energy on Monday said it has secured Rs 239 crore financial assistance from Tata Capital.
The amount will be utilised towards a solar power project in Chhattisgarh, the company said in a statement.
The 75 megawatt project is expected to generate nearly 117 million units (MUs) of energy annually and offset more than 107,000 tonne of Co2 emissions, it said.
BluPine Energy is a leading renewable energy services company established in India by Actis, a global investor and world leader in funding and building sustainable infrastructure companies.
Tata Capital Ltd (TCL) is the flagship financial services company of Tata Group, and is carrying on business as a non-banking financial company.
Strong order flows and margins to drive gains for Kaynes Technology (29-07-2024)
JM Financial Research expects the company to maintain its growth momentum due to a strong product mix and focus on adding high-margin segments
Sebi launches chatbot SEVA, Prudent AUM crosses Rs 1 trillion, and more (29-07-2024)
One of the largest mutual fund (MF) distributors Prudent Corporate Advisory on Monday informed exchanges that its total MF assets under management (AUM) has crossed Rs 1 trillion
Power company CESC acquires 64% stake in Purvah Green Power for Rs 205 cr (29-07-2024)
Power company CESC Ltd on Monday said it has acquired 63.91 per cent equity shares in Purvah Green Power for Rs 205 crore.
Post-acquisition, Purvah Green Power Private Limited (Purvah) will become its direct subsidiary, CESC said in a regulatory filing.
“The company (CESC) has acquired today 63.91 per cent equity shares of Purvah Green Power Private Limited (“Purvah”), a wholly-owned subsidiary of Crescent Power Limited (a subsidiary of the company), thus making Purvah a direct subsidiary of CESC Ltd,” it added.
The cost of acquisition would be Rs 205 crore, the company said.
“63.91 per cent of Purvah’s shares were acquired by the company by subscribing to 20,50,00,000 equity shares of Rs 10 each for an aggregate consideration amounting to Rs 2,05,00,00,000,” the filing said.
CESC is into the generation, transmission, and distribution of electrical power.
Sensex, Nifty retreat from record highs to close flat; L&T rises 2.7% (29-07-2024)
After hitting an intraday high of 24,999.75, the 50-share blue chip company index closed at 24,836, up 1.25 points over its previous close
Gold tumbles Rs 950, silver dips Rs 4,500 on weak demand from jewellers (29-07-2024)
Gold prices tumbled by Rs 950 to Rs 71,050 per 10 grams in the local market here on Monday due to weak demand from jewellers.
According to the All India Sarafa Association, the precious metal of 99.9 per cent purity closed at Rs 72,000 per 10 grams in the previous session on Saturday.
Gold of 99.5 per cent purity also plunged Rs 1,650 to Rs 70,700 per 10 grams. On Saturday, it closed at Rs 72,350 per 10 grams.
Silver also declined Rs 4,500 to Rs 84,500 per kg on decreased offtake by coin makers and industrial units.
This marks the biggest single-day fall in silver prices in 2024. It ended at Rs 89,000 per kg in the previous session.
Traders said reduced demand from jewellers as well as retail buyers led to the fall in gold prices.
“Last week, Finance Minister Nirmala Sitharaman in the Budget announced a customs duty cut from 15 per cent to 6 per cent, weighing on the domestic front.
“Post the cut in import duty, gold premiums in India jumped to their highest level in a decade,”