Week Financial News

Renault will provide complimentary car check-ups to its customers to guarantee peak performance. Additionally, the company will offer discounts of up to 50% on specific accessories, 15% off on labor charges, and 10% off on selected parts. Talking about the initiative, Sudhir Malhotra, Vice President, Sales and Marketing, Renault India, said, “We are delighted to announce the nationwide launch of the Renault monsoon camp for our valued customers across India.

Dishman Carbogen, Vilin Bio Med Ltd., Vertexplus Technolo, Ugro Capital and Jindal Drilling, hit their fresh 52-week highs during Wednesday's trade on NSE. Benchmark NSE Nifty closed 83.9 points up at 19833.15 amid buying in frontline bluechip counters.

BSE 150 Midcap stocks as 11 companies soared to reach their 52-week highs. Out of this remarkable feat, ETMarkets has handpicked five stocks for a closer look, offering potential investors valuable insights to inform their investment decisions. In this article, we will delve into these companies and the significance of reaching new 52-week highs, empowering investors to capitalise on these exciting opportunities.

Companies Reaching New 52-Week Highs on Wednesday, July 19:ICICI Lombard General Insurance (LTP: Rs 1,366.80, 52 Weeks High: Rs 1,386.50): ICICI Lombard General Insurance is a leading insurance company, offering a wide range of general insurance products and services.IndusInd Bank (LTP: Rs 1,422.00, 52 Weeks High: Rs 1,443.35): IndusInd Bank is a prominent private sector bank in India, catering to retail and corporate customers with a diverse range of banking services.Reliance Industries (LTP: Rs 2,838.00, 52 Weeks High: Rs 2,845.00): Reliance Industries is a conglomerate with significant interests in refining, petrochemicals, telecommunications, retail, and more. Tata Motor DVR (LTP: Rs 345.20, 52 Weeks High: Rs 346.95): Tata Motor DVR represents differential voting rights shares of Tata Motors, an automobile manufacturer known for its diverse range of vehicles.

Ampol shares rallied to a six-week high on Wednesday after a trading update that revealed its total fuel sales rose by nearly a quarter in the first half.

Pradhan Mantri Kisan Samman Nidhi (PM Kisan Yojana) 14th installment is scheduled to be released by the Central Government next week. The government will release around Rs 8.5 crore to PM Kisan beneficiaries. Under the scheme, eligible farmers will receives Rs 2000 per installment and total of Rs 6000 in a year. It should be noted that the 14th installment of the PM-Kisan Samman Nidhi Yojana would be paid into a bank account that is connected to both Aadhaar and NPCI. As a result, you have to verify that your account is an NPCI- and Aadhaar-linked bank account.

Bombay Metrics Suppl, Aartech Solonics, Godha Cabcon & Insul, Jet Airways and Cell Point(India)and others were among the stocks that touched their 52-week lows as of 11:07AM(IST)in Wednesday's session. Domestic benchmark index NSE Nifty gained 4.6 points to 19753.85, while the BSE Sensex traded 16.09 points up at 66811.23.

₹1,443.35 apiece in the early trade Wednesday after the private sector lender posted decent earnings for the first quarter of FY24, with strong loan book growth and improvement in asset quality, leading to bullish views from analysts. IndusInd Bank reported a standalone net profit of ₹2,123.6 crore in Q1FY24, witnessing a growth of 32.5% from ₹1,603.29 crore in the same quarter last year. Net interest income (NII) increased 18% to ₹5,862.5 crore from ₹4,125.3 crore, YoY.

₹4,323.60 a day after after the company announced an 82% jump in first-quarter profit, helped by higher sales. Polycab share price had hit a high on July 18 as well on the back of Q1 earnings.

Investing.com — U.S. crude oil stocks likely fell last week, with declines in inventories of gasoline and distillates too, petroleum industry group API indicated in a preliminary report on Wednesday ahead of official inventory data.

Investing.com — Gold bulls were jolted from their reverie Tuesday, sending the yellow metal into an upswing mode for the first time in nearly a week and to 7-week highs after the European and Canadian central banks signaled hard-fought wins against inflation.

JPMorgan marks its trade

Sarda Energy & Minerals experienced a significant increase on Tuesday, rising by approximately 10% and reaching a new 52-week high of ₹1,749.85 on the BSE. This surge coincided with a trading volume that increased by 2.73 times. Furthermore, since May 27, when the Board approved the decision to stock split, the company's stock price has appreciated by 54%.

Stock market today: Despite Bank Nifty index losing over 100 points during Tuesday deals, some banking and financial stocks have attracted buying interest of Dalal Street bulls and have hit a new 52-week high. Shares of Punjab National Bank (PNB), ICICI Bank, Suryoday Small Finance Bank, Can Fin Homes and Ujjivan Financial Services are one of them. These fie financial shares have hit a new 52-week high today despite selling pressure at Bank Nifty today.

US Federal Reserve in near term. In that case, selling in the US dollar triggered buying interest in gold prices. Gold future contract for August 2023 expiry on Multi Commodity Exchange (MCX) opened higher at ₹59,215 per 10 gm levels and went on to hit intraday high of ₹59,313 per 10 gm levels within few minutes of commodity market's opening bell today.

Investing.com — U.S. stocks are muted ahead of a heavy week of earnings reports.

One year ago, when the run-up in oil prices came to a sudden halt, China and its overbearing controls on COVID were blamed. This week, Beijing is again the fall guy as crude loses momentum on its three-week-old rally. This time, it’s not the pandemic but China’s great economic hope itself that’s at fault.

The collections are 15% more than Mission: Impossible Fallout, reports Deadline. Globally, Mission: Impossible 7 has had the biggest opening weekend as compared to other M:I franchise movies. These results are from 35 international markets, including India, Australia/New Zealand, Brazil, Netherlands, Scandinavia and the UK.

Setubandhan Infra, Ankit Metal Pwr, Synoptics Technologi, Aartech Solonics and Penta Gold and others were among the stocks that touched their 52-week lows in today's trade. Domestic benchmark index NSE Nifty ended 146.95 points up at 19711.45, while the BSE Sensex closed 529.03 points up at 66589.93.

BSE Sensex stocks reached their 52-week highs, signaling strong performance and potential investment opportunities. In this article, we will explore the companies that achieved this milestone, namely ICICI Bank, Nestle India, Reliance Industries, and Tech Mahindra. 1) ICICI Bank: ICICI Bank (LTP: 969.15) is a leading private sector bank in India known for its extensive banking services, including retail banking, corporate banking, and investment banking.

Bitcoin (BTC) starts a new week above $30,000 but heading nowhere as the multi-month trading range refuses to shift.