Stock Market LIVE on Friday, July 12, 2024: TCS, Tech Mahindra were the top gainers while Maruti, Power Gridwere the top laggards on BSE
Posts in category Business Standard
Sell Nifty Metal on the rise, support at 9,500; more details here (12-07-2024)
The Nifty Metal Index is currently in a phase of consolidation, trading within a narrow range of 300 points, specifically between 9,700 and 10,000
Bull spread on Bank Nifty, recommends Nandish Shah of HDFC Securities (12-07-2024)
Short covering is seen in the Bank Nifty Futures at lower levels, where Open Interest fell by 1 per cent (Prov) with Bank Nifty future rising more than 500 points from the intraday lows
Oil India shares up over 7% as oil stocks hog limelight; ONGC rises 2.2% (11-07-2024)
Shares of oil exploration & production firms were in the limelight on Thursday, where Oil India climbed over 7 per cent, amid hopes of more focus on domestic exploration and production (E&P).
The stock of Oil India jumped 7.55 per cent while Hindustan Oil Exploration Company zoomed 6.42 per cent on the BSE.
Shares of Selan Exploration Technology climbed 4.27 per cent and ONGC went up by 2.26 per cent.
Oil India and ONGC also hit record-high levels in intra-day trade.
Oil Minister Hardeep Singh Puri on Thursday called for stepping up the oil and gas hunt to cut India’s reliance on imports and make available fuel in an affordable and sustainable way.
Speaking at the Urja Varta conference, he said the exploration and production (E&P) sector is integral in the journey towards energy self-sufficiency, which is critical for sustained economic growth.
“E&P offers investment opportunities worth USD 100 billion by 2030,” he said.
Stating that India’s exploration and production .
Over 90% equity cash segment investors trade shares worth over Rs 10 lakh (11-07-2024)
The data point assumes significance amid buzz that market regulator Securities and Exchange Board of India (Sebi) is debating a proposal on whether to increase the ticket-size for the options segment
Budget wish list: Mutual fund industry calls for lower debt fund taxation (11-07-2024)
Proposal follows removal of indexation benefits from debt funds in the Budget 2023
Equity supply may hit Rs 6 trillion over next few months: Axis MF (11-07-2024)
Nearly Rs 5 trillion has been mobilised by ECM since 2022. This outpaces Rs 2.6 trillion inflows received by equity MF schemes during this period
Indian equity returns likely muted for remainder of the year, says Nomura (11-07-2024)
The Japan-based brokerage said the surge in retail flows into domestic mutual funds over the years has been driven by structural factors like under-allocation to equities
Crypto industry body requests reduction in TDS to 0.01% in Budget (11-07-2024)
The crypto body has further asked for an increase in the threshold limit for TDS deduction under Section 194S of the Income Tax Act from Rs 10,000 to Rs 5,00,000