Week Financial News

Nifty 50 index's top contributor. According to technical analysts, the stock has already given a multi-month breakout and today there is a strong price traction. In the near term analysts expect information technology (IT) pack to finally come of slumber phase and show strong outperformance, where Tech Mahindra shares is likely to lead from the front.

Colgate-Palmolive and Info Edge (India) showcased their market resilience and strength, while others like ONGC, Tech Mahindra, and Zomato also achieved notable milestones. The data was sourced from BSE at 12.50 pm, and the updates from the real-time data could come with a lag. The below data also pertains only to the time at which it was taken.1. Colgate-PalmoliveColgate-Palmolive, a leading player in the consumer goods industry, showcased its market prowess by reaching its 52-week high of Rs 1,830.20.

The pan-European STOXX 600 index was down 0.2% by 0702 GMT. Still, the index has gained 2.9% this week, on track for its best week since the end of March and nearly recouping all of the last week's losses.

Investment Week's Editor James Baxter-Derrington collects his trophy from Alan Oliver, Director of Communications at AXA UK & Ireland and awards host Ayesha Hazarika MBE

Synoptics Technologi, Bohra Industries, Aartech Solonics and Goldstar Power and others were among the stocks that touched their 52-week lows as of 11:06AM(IST)in Friday's session. Domestic benchmark index NSE Nifty gained 44.25 points to 19458.0, while the BSE Sensex traded 142.8 points up at 65701.69.

Investing.com-- Oil prices rose in Asian trade on Friday, hovering near 10-week highs on the prospect of tighter supplies, amid disruptions in Libya and Nigeria, while data showing a drop in U.S. inflation also supported sentiment. 

stock market indices setting record highs, shares of two Gurugram-based new-age companies, Zomato and PB Fintech, touched 52-week highs on Thursday. The two stocks outperformed their new-age peers Delhivery, One 97 Communications (Paytm), FSN Ecommerce (Nykaa), and CarTrade Tech, which were trading off their yearly highs. Food and grocery delivery platform Zomato traded at its highest price in the last year at ₹84.50 before paring some gains to close at ₹82.35 on the BSE, 6.3% higher than its last close.

The average long-term U.S. mortgage rate climbed this week to just under 7%, the highest level since November and the latest setback for homebuyers already grappling with a tough housing market constrained by a dearth of homes for sale

Officials say that record monsoon rains have killed more than 100 people in northern India this week

₹84.50 on Thursday trading session on BSE. The stock price in the last couple of months have given steady returns, according to analysts, and it is witnessing a multi-month breakout backed with volumes. Zomato shares opened at ₹77.80 apiece.

Zomato jumped 9% to hit a fresh 52-week high of Rs 84.5 in Thursday's intraday trade on BSE. At 11.27 am, the scrip was trading 5.5% higher at Rs 81.7 on BSE. The stock has also surged 51% in the last three months.

traders expect bonds to rally now due to mounting inflation concerns in the aftermath of the rain fury at home, and low confidence on the likely outcome of the Federal Reserve's decision on US interest rates later this month. Higher bond yields could push up broader borrowing costs since these are used as pegs to price debt by companies, too. The special segment of the Clearing Corporation of India's ClearCorp Repo Order-Matching System has shown an unusually large volume of transactions in the 10-year benchmark bond over the past couple of days, treasury executives said.

Investing.com — U.S. crude oil inventories jumped by their most in four weeks as early summer demand for motor fuels appears to have peaked after weeks of heavy processing by refiners trying to ensure adequate supply to market, the agency responsible for national energy data reported Wednesday. 

BSE MidCap stocks exhibited exceptional strength on July 12, surpassing their previous 52-week highs. These companies demonstrate their potential for growth and market resilience. Let's delve into the companies that achieved this significant milestone and their notable contributions to their respective industries.

Aptech, which have delivered multibagger returns to investors in the last one-year period, will trade ex-bonus on Friday. The company had earlier announced a bonus issue of equity shares in the proportion of 2:5. For every five equity shares investors hold, they will get additional two bonus shares as proposed by the company.

Premier Exp, Ashoka Metcast, Zen Tech, Elgi Equipments and Onward Tech, hit their fresh 52-week highs at 10:50AM(IST)on NSE. Benchmark NSE Nifty index rose 29.0 points to 19468.4 amid buying in frontline bluechip stocks.

State Bank of India, the country's largest mass lender, is set to raise up to ₹10,000 crore of funds through the issuance of additional tier-1 bonds this week.SBI's AT-1 bond sale is likely to have a base size of ₹3,000 crore and a green shoe option of ₹7,000 crore as the bank looks to raise capital amid strong credit growth, sources aware of the development said. Bidding for the bond sale is seen taking place from 10:30 to 11:30 am on July 13.

A third straight week of positive digital asset inflows has fully corrected nine previous weeks of outflows for the market, according to a report from CoinShares published on July 10. 

The price of Pepe Coin (PEPE) has risen by 4% in the past 24 hours, although its move to $0.00000152 today still means that it's down by nearly 20% in the past week.

BSE MidCap stocks displayed impressive performance as ABB India, Bharat Electronics, Polycab India, CG Power and Industrial Solutions, Samvardhana Motherson International, Muthoot Finance, Power Finance Corporation, and REC reached new 52-week highs. The data was sourced from BSE at 12.50 pm, and the updates from the real-time data could come with a lag. The below data also pertains only to the time at which it was taken.1. ABB IndiaABB India, a leading global technology company, soared to new heights as its stock reached a 52-week high of Rs 4,521.35.2. Bharat ElectronicsBharat Electronics, a premier defense electronics company, achieved a significant milestone by hitting a 52-week high of Rs 127.95.3. CG Power and Industrial SolutionsCG Power and Industrial Solutions witnessed a remarkable surge as its stock touched a new 52-week high of Rs 398.80.4. Samvardhana Motherson InternationalSamvardhana Motherson International, a leading automotive component manufacturer, achieved a new 52-week high of Rs 93.5. Muthoot FinanceMuthoot Finance, a renowned non-banking financial company, witnessed strong market momentum as its stock surged to a 52-week high of Rs 1,279.35.6. Power Finance CorporationPower Finance Corporation, a leading financial institution in the power sector, demonstrated strong performance as its stock touched a 52-week high of Rs 230.40.7. Polycab IndiaPolycab India, a leading manufacturer of wires and cables, witnessed a significant breakthrough as its stock surged to a new 52-week high of Rs 3,745.95.8. RECREC Limited, a government-owned infrastructure financing company, achieved a new milestone with its stock touching a 52-week high of Rs 171.

By Sharon Bernstein