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Market Recap 1-08-2024

Sebencapital

Published
01/08/24
Market Recap 1-08-2024


Indian Indices

I) Nifty: opened at 25030 and touched a high of 25078 then a low of 24956 and closed at 25010 with a total of + 59 points in Positive

II) Bank Nifty: open 51672 and touched a high of 51877 then a low of 51456 and closed at 51564 With a total of + 10 points Positive

III) Fin Nifty: open 23462 and touched a high of 23550 then a low of 23387 and closed at 23435 With a total of + 23 points in Positive

IV) Nifty Mid Select: open 12985 and touched a high of 12996 then a low of 12789 and closed at 12856 With a total of - 86 points in Negative


NSE Advance and Decline



Nifty 500 Top Gainer

Adani Power building a 1600-MW greenfield thermal power plant at Mirzapur for Rs 14,000 cr

jubilant pharma earnings cheer: Lupin, Zydus Lifesciences, Glenmark Pharmaceuticals, Aurobindo Pharma, Torrent Pharmaceuticals and Sun Pharmaceutical were up between 2 per cent and 3 per cent.


Nifty 500 TOP LOSER

Shares of Sonata Software Ltd tanked 9 per cent in Thursday's trade in Market after the IT firm reported a consolidated profit after tax of Rs 105.60 crore, down 4.3 per cent sequentially or 12 per cent YoY. This is even as revenues for the quarter came in at Rs 2,527.40 crore, up 25 per cent YoY or 15 per cent YoY

India's KRBL reported its fourth straight quarterly profit fall on Wednesday, hurt by slower demand for its basmati rice.

Birla soft share price: Consolidated profit during the first quarter of ongoing financial year 2024-25 (Q1 FY25) came at Rs 150.2 crore, down 16.59 per cent from Rs 180.08 crore in the previous quarter (Q4 FY24).


Sectoral Performance


Outperforming stocks vs nifty 500 over 1 week


Underperforming Stock vs Nifty 500 over 1 week


Stock With Rising Volume


Headlines

Here are the latest updates from the Indian stock market as of August 1, 2024:

Sensex and Nifty Performance: Both the Sensex and Nifty indices have shown positive trends today. (Moneycontrol)​​ (LiveMint)​.

Sectoral Movements: Notable sectoral movements include the S&P BSE Bankex, which saw a slight dip of 0.16%, whereas other sectors like the NIFTY LargeMidCap 250 and S&P BSE 200 witnessed gains of 0.75% and 0.62%, respectively​ (LiveMint)​.

Commodity Prices: Gold prices are stable at ₹74,322 per 10 grams, and silver is priced at ₹84,300 per kilogram​ (LiveMint)​.

IPO Market: The IPO market remains active with recent entries and performance updates. Companies like Tata Motors have recently reported their results, contributing to market sentiment​ (Moneycontrol)​​ (Moneycontrol)​.

For more detailed updates, you can visit Moneycontrol and Livemint​ (Moneycontrol)​​ (Moneycontrol)​​ (LiveMint)​.


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Written by Sauravsingh

Techpreneur and adept trader, Sauravsingh Tomar seamlessly blends the worlds of technology and finance. With rich experience in Forex and Stock markets, he's not only a trading maven but also a pioneer in innovative digital solutions. Beyond charts and code, Sauravsingh is a passionate mentor, guiding many towards financial and technological success. In his downtime, he's often found exploring new places or immersed in a compelling read.

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