Week Financial News

₹460-500 levels, which is also a potential reversal zone of the bullish bat pattern, the stock is trading above all critical daily exponential moving averages. Additionally, it has made a bullish divergence near the above-mentioned potential reversal zone, which is making it lucrative at current levels. "One can buy between ₹555-560 with an upside target of ₹620 and the stop loss would be around ₹520 on a closing basis," said Patel.

NHPC share price rose over 5.5% to touch 52-week high on Monday's trading session following approval of the allocation of two power projects by the Arunachal Pradesh government on Friday. NHPC shares opened at ₹47.59 apiece on BSE. The stock hit intraday high at ₹47.59 and intraday low at ₹47.39.

SJVN zoomed over 14% to hit a new 52-week high of Rs 57.2 in Monday's trade on BSE after the firm bagged a contract from Punjab State Power Corporation (PSPCL) for the development and procurement of 1,200 MW of solar power entailing an investment of Rs 7,000 crore. «SJVN Green Energy Limited has received the Letter of Intent (LoI) from Punjab State Power Corporation Limited (PSPCL) for procurement of 1200 MW Solar Power. SGEL will develop a 1000 MW project anywhere in the country and balance 200 MW in the state of Punjab as per the RFS provisions,» the company said in an exchange filing.

Adani Ports and Special Economic Zone (APSEZ), the largest private port operator in the country, will be under investors’ radar as the stock is set to turn ex-dividend this week. Adani Ports shares will trade ex-dividend for a dividend of 250% for FY23 on Friday, July 28, 2023.

ICICI Bank share price climbed over a per cent to hit its fresh 52-week high of ₹1,008 in morning trade on BSE on Monday (July 24) as most brokerage firms retained their positive views on the stock after its June quarter (Q1FY24) results. On Saturday, ICICI Bank reported a 39.7 per cent year-on-year (YoY) rise in its standalone net profit for Q1FY24 at ₹9,648 crore compared to ₹6,905 crore in the corresponding period last year. Its net interest income (NII) -or the difference between interest earned and interest paid, increased 38 per cent year-on-year to ₹18,227 crore in the first quarter of the current fiscal from ₹13,210 crore in the corresponding quarter last year.

Sharks are fascinating creatures that have roamed the world's oceans for millions of years. As Aquaman, Jason Momoa hosts Discovery's 'Shark Week', here are some interesting facts about one of the most fascinating creatures on our planet.

Investing.com-- Gold prices fell slightly on Monday as anticipation of a key Federal Reserve meeting kept investors wary at the beginning of the week, while copper prices nursed steep losses on concerns over slowing demand in China.

Renuka Sugar: It is advised to buy RENUKA SUGAR with a stop loss at 39 and a target of 60. The stock shows a strong breakout on the charts, along with a bullish engulfing pattern and is trading above two months' high levels.

Mindspace Business Parks REIT, Hitachi Energy India, Cyient, UTI Asset Management Company, Sundaram-Clayton, Ceat, Jyothy Labs, Amber Enterprises India Limited, Mahindra Holidays and Resorts India, Triveni Engineering and Industries, Delta Corp, Prudent Corporate Advisory Services, Man Infraconstruction, AGI Greenpac, SHAREINDIA, Tips Industries, Apollo Pipes, Indoco Remedies, RattanIndia Power, Aurionpro Solutions, Greenply Industries, Alicon Castalloy, Ajmera Realty and Infra India, Heubach Colorants India, Orient Bell, Rane Engine Valves, Pil Italica Lifestyle, Intense Technologies, Lovable Lingerie, Transwarranty Finance, Next Mediaworks. Bajaj Finance, Axis Bank, Tech Mahindra, Dr Reddy's Laboratories, Bharat Petroleum Corporation, Cipla, Shree Cements, TATA Consumer Products, Punjab National Bank, Colgate Palmolive (India), Schaeffler India, REC, Oracle Financial Services Software, Syngene International, Vedant Fashions, Jindal Stainless, Embassy Office Parks REIT, GlaxoSmithKline Pharmaceuticals, Kajaria Ceramics, Fine Organics Industries, Aether Industries, Aegis Logistics, Aditya Birla Sun Life AMC, HFCL, Godfrey Phillips India, Praj Industries, Deepak Fertilisers And Petrochemicals Corporation, Mahindra Lifespace Developers, Jubilant Ingrevia, SIS, Vesuvius India, Responsive Industries, PDS, TeamLease Services, Shanthi Gears, Apcotex Industries, Johnson Controls -Hitachi Air Conditioning India, ISMT, Agro Tech Foods, Indian Metals & Ferro Alloys, SJS Enterprises, Sasken Technologies, Bharat Wire Ropes, Rane Madras, ALLSEC Technologies, Ashima, Aksh Optifibre, Omax Autos, BLB, Banaras Beads.

Stocks on Wall Street ended mixed on Friday, as investors weighed the latest round of corporate earnings results while continuing to focus on the outlook for the economy and monetary policy.

Investing.com — The week will be dominated by central bank meetings, with the Federal Reserve and the European Central Bank both poised to deliver rate hikes, while the Bank of Japan stands pat. A rally in U.S. equities markets faces an inflection point and oil looks set for more gains amid concerns over the supply outlook.

By Louis Juricic and Sarina Isaacs

Investing.com — Here is your weekly Pro Recap of the past week's biggest headlines in the electric vehicle space: Strong profits can’t keep Tesla from dropping; housecleaning at Ford; and Delaware signs a new law.

NDR Auto Components (1:1) and Shriram Pistons & Rings (1:1) will trade ex-bonus on Monday, whereas VR Films & Studios (7:1) on Wednesday, Maan Aluminium (1:1) on Thursday, and Remedium Lifecare (9:5) on Friday will trade ex-bonus. Shares of Maan Aluminium (Rs 10 to Rs 5) on Thursday and Servotech Power Systems (Rs 2 to Rs 1) on Friday will ex-split, while shares of Brooks Laboratories' ex-date for the right issue is fixed on Friday, 28th July.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own.

inflation readings in the US, Australia, New Zealand, and the UK came in short of forecast, which has given rise to a possibility of key central banks soon hitting a pause button in their rate hike mission aimed at reining in inflation. Apart from inflation, the somewhat weaker-than-expected US nonfarm payroll report for June has also played a key role in reinforcing peak rate possibility. The narrative of the peak rate pushed the US yields sharply lower.

“The stock has strong support in the Rs 345-340 zone, indicating a potential buying opportunity if the stock retraces to this level. Considering the breakout and support levels, there is a possibility that the stock may continue to move higher. Traders and investors might look for potential price targets around Rs 400 or even Rs 430 levels as the stock continues its upward trajectory,” Shah says.

July 24Tata Steel, TVS Motor Company, IDBI Bank, Canara Bank, HDFC Asset Management Company, Poonawalla Fincorp, Relaxo Footwears, PNB Housing Finance, DCM Shriram, BASF India, Craftsman Automation, Shoppers Stop, Jammu & Kashmir Bank, Tamilnad Mercantile Bank, Chennai Petroleum Corporation, Maharashtra Scooters, JK Paper, Spandana Sphoorty Financial, Mahindra Logistics, IIFL Securities, Dwarikesh Sugar Industries, LKP Securities.July 25Larsen & Toubro (L&T), Asian Paints, Tata Motors, Bajaj Auto, SBI Life Insurance Company, Jubilant FoodWorks, KPIT Technologies, Dixon Technologies, Suzlon Energy, Mindspace Business Parks REIT, Cyient, UTI Asset Management Company, Jyothy Labs, Mahindra Holidays & Resorts India, Delta Corp, Tips Industries, Greenply Industries.July 26Bajaj Finance, Axis Bank, Tech Mahindra, Dr Reddy's Laboratories, Bharat Petroleum Corporation, Cipla, Shree Cements, Tata Consumer Products, Punjab National Bank, Colgate-Palmolive (India), Schaeffler India, REC, Oracle Financial Services Software, Vedant Fashions, Jindal Stainless, GlaxoSmithKline Pharmaceuticals, Kajaria Ceramics, Fine Organic Industries, Aether Industries, Aditya Birla Sun Life AMC, Ion Exchange (India), Praj Industries, Mahindra Lifespace Developers, Jubilant Ingrevia.July 27Bajaj Finserv, Bharat Electronics, Bajaj Holdings & Investment, Shriram Finance, Macrotech Developers, CG Power and Industrial Solutions, Indian Hotels Company, Indus Towers, Indian Bank, Sona BLW Precision Forgings, ACC, Dr Lal Pathlabs, Laurus Labs, Ajanta Pharma, Blue Dart Express, Tata Teleservices (Maharashtra), Indian Energy Exchange, Motilal Oswal Financial Services, Birlasoft, Ujjivan Small Finance Bank, Latent View Analytics, JK Lakshmi Cement, Sterlite

«Nifty fell sharply on July 21 after a six-day winning streak, following disappointing results/guidance from IT companies, including Infosys. It fell at the fastest pace in about 18 weeks. At close, Nifty was down 1.17% or 234.2 points at 19745.

Nifty snapped their six-day winning streak on Friday, July 21, dragged by strong losses in index heavyweights including Infosys, Reliance Industries, TCS and Hindustan Unilever (HUL).  Shares of Infosys and HUL fell a day after their June quarter results while those of Reliance Industries declined ahead of its Q1FY24 earnings. Infosys shares suffered strong losses after the IT behemoth reported its weakest June quarter revenue growth since FY21 and sharply trimmed its FY24 revenue guidance to 1-3.5 per cent, down from 4-7 per cent.  Investors were spooked by a significant downward revision in the company's revenue guidance, leading to a sharp selloff in the stock.

Remedium Lifecare  9:5   28-07-2023 Maan Aluminium  1:1   27-07-2023 V R Films                7:1    26-07-2023 Ndr Auto Compon 1:1   24-07-2023 Tata Motors       100    28-07-2023 TML - D              100    28-07-2023 JTEKT India       50     28-07-2023 Rane Holdings  170    28-07-2023 Flex Foods           5       28-07-2023 Ugar Sugar Work 50    28-07-2023 Mangalam Cement 15 28-07-2023 Sobha                  30       28-07-2023 Galaxy Surfacta 40 28-07-2023 Aarti Ind 30 28-07-2023 IOC 30 28-07-2023 Banswara Syntex 60 28-07-2023 Indigo Paints 35 28-07-2023 Godrej Agrovet 95 28-07-2023 Sun Pharma 400 28-07-2023 Smruthi Organic 20 28-07-2023 Zydus Life 600 28-07-2023 Alembic Pharma 400 28-07-2023 Cravatex 15 28-07-2023 Kaycee Ind 60 28-07-2023 Amara Raja Batt 320 28-07-2023 Xchanging Sol 150 28-07-2023 Quick Heal Tech 25 28-07-2023 NESCO 225 28-07-2023 DLF 200 28-07-2023 Nelcast 20 28-07-2023 WPIL 200 28-07-2023 Elgi Equipments 200 28-07-2023 ICRA 400 28-07-2023 ICRA 900 28-07-2023 360 ONE WAM 400 28-07-2023 Union Bank 30 28-07-2023 Arihant Capital 40 28-07-2023 Mukesh Babu Fin 12 28-07-2023 Joindre Capital 12.5 28-07-2023 Equitas Bank 10 28-07-2023 Cosmo First 50 28-07-2023 Kaira Can 120 28-07-2023 GRP 170 28-07-2023 Trans & Electr 15 28-07-2023 Transformers 15 28-07-2023 Mukand 20 28-07-2023 Gandhi Spl Tube 240 28-07-2023 Bengal Tea 10 28-07-2023 Bajaj Electric 200 28-07-2023 TVS Electronics 20 28-07-2023 Info Edge 90 28-07-2023 TCPL Packaging 200 28-07-2023 Voith Paper Fab 70 28-07-2023 Gloster 200 28-07-2023 Adani Ports 250 28-07-2023 IEX 100 28-07-2023 TCI Express 100 28-07-2023 Hero Motocorp 1750 27-07-2023 Automotive Axle 320 27-07-2023 JK Tyre & Ind 100 27-07-2023 Hatsun Agro 600 27-07-2023 Prataap Snacks 20

Investing.com — The dollar snapped a two-week losing streak Friday ahead of the Federal Reserve's widely expected rate hike next week, but some are divided on whether the rebound has staying power.