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Market Recap 10-07-2024

Sebencapital

Published
10/07/24
Market Recap 10-07-2024


Indian Indices

I) Nifty: opened at 24459 and touched a high of 24461 then a low of 24141 and closed at 24324 with a total of - 108 points in Negative

II) Bank Nifty: open 52528 and touched a high of 52528 then a low of 52075 and closed at 52189 With a total of - 379 points Negative

III) Fin Nifty: open 23647 and touched a high of 23649 then a low of 23478 and closed at 23599 With a total of - 63 points in Negative

IV) Nifty Mid Select: open 12450 and touched a high of 12453 then a low of 12153 and closed at 12392 With a total of - 18 points in Negative


NSE Advance and Decline


Nifty 500 Top Gainer

Capri Global Capital has declared a stock split in the ratio of 1: 2 that means from one ₹2 equity share into two equity shares of ₹1 each, and a bonus issue in the ratio of 1:1

RVNL signed MoU with TATWEER Middle East and Africa LLC for using RVNL’s expertise in railway sector, developing joint capabilities in design and execution of various rail-based work in MENA region and European countries.


Nifty 500 TOP LOSER

 Voltas, Blue Star, Havells, Crompton Greaves Consumer Electricals share prices have risen up to 97% year-to-date. The Consumer Durables firms see prospects being led by strong summer season sales also driving Q1 earnings growth as some analysts estimate net profit even double.

M&M shares fell 6% due to XUV700 price cuts. Countering peer discounts and weak sales, cuts could lower earnings but increase volumes. AX7, AX7L trims are 50-60% of 6,000-8,000/month volume. Axis Capital sets a target price at Rs 3,150. Domestic brokerage firm estimates 2-3% impact on overall EBITDA. Cuts affect EBITDA by Rs 300-350 mn/month for four months.

Read more at:
https://economictimes.indiatimes.com/markets/stocks/news/mm-shares-tumble-over-6-heres-the-trigger/articleshow/111624888.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst


Sectoral Performance


Outperforming stocks vs nifty 500 over 1 week


Underperforming Stock vs Nifty 500 over 1 week


Stock With Rising Volume


Headlines

Capri Global Capital has declared a stock split in the ratio of 1: 2 that means from one ₹2 equity share into two equity shares of ₹1 each, and a bonus issue in the ratio of 1:1


Written by devesh gupta

I am Devesh Gupta, a Junior Analyst at Seben Capital, where I specialize in finance with a focus on market research and data analysis. I support investment decisions by translating complex financial data into actionable insights. My role at Seben Capital allows me to contribute significantly to our investment strategies, leveraging my analytical skills to drive success.

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