Week Financial News

BSE SmallCap stocks showcased exceptional performance on Tuesday, July 11 as Apollo Tyres, Bombay Burmah Trading Corp, KIMS Hospitals, CCL Products, Chalet Hotels, IIFL Finance, Kalyan Jewellers, Manappuram Finance, and Mazagon Dock Shipbuilders reached new 52-week highs. The data was sourced from BSE at 1.15 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. Apollo TyresAutomotive tyre manufacturer Apollo Tyres soared to new heights as its stock reached a 52-week high of Rs 433.15.2. Bombay Burmah Trading CorporationDiversified conglomerate Bombay Burmah Trading Corp achieved a significant milestone by hitting a 52-week high of Rs 1,159.85.

Bajaj Auto, Bharti Airtel, HDFC Life, JSW Steel, Reliance Industries, and Tata Motor DVR hit new 52-week highs. The data was sourced from BSE at 12.15 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. Bajaj Auto Bajaj Auto, a leading two-wheeler and three-wheeler manufacturer, soared to new heights with its stock reaching a 52-week high of Rs 4,952.2. Bharti Airtel Bharti Airtel, one of the largest telecommunications companies in India, achieved a significant milestone by hitting a 52-week high of Rs 893.3. HDFC Life HDFC Life, a leading life insurance company, witnessed a remarkable surge as its stock touched a new 52-week high of Rs 684.70.4. JSW Steel JSW Steel, a major player in the Indian steel industry, demonstrated strong market momentum as its stock surged to a 52-week high of Rs 817.65.5. Reliance Industries Reliance Industries, a conglomerate with interests in various sectors including petrochemicals, telecommunications, and retail, achieved a significant milestone by hitting a 52-week high of Rs 2,764.50.6. Tata Motor DVR Tata Motor DVR, a differential voting rights (DVR) stock of Tata Motors, touched a new 52-week high of Rs 337.50.

Reliance Industries (RIL) continued witnessing buying interest on Tuesday as they rose over a per cent to hit their fresh 52-week high of ₹2,764.50 in morning trade on BSE. The stock opened at ₹2,750.20 against the previous close of ₹2,735.15 and rose 1.07 per cent to its 52-week high of ₹2,764.50 in the first half of trade. In the previous session, the stock had gained 3.78 per cent.

₹58,600 per 10 gm levels within few minutes of commodity market's opening. However, the yellow metal attracted fresh buying at lower levels and bounced back from its intraday lows and hit intraday high of ₹58,683 levels.

Mazagon Dock Shipbuilders jumped 10% to Rs 1,584 in Tuesday's trade on BSE as the Defence Procurement Board (DPB) has cleared the acquisition of three additional Scorpene Submarines ahead of Prime Minister Narendra Modi's visit to Paris later this week. The DBP has cleared the acquisition of three additional Scorpene submarines, extending the current line of boats under construction. These submarines will be more advanced versions of the current class of boats built by the yard — five have been delivered, and the sixth is expected next year.

UPL share price touched new 52-week low and was down nearly 2% on Tuesday's trading session. The stock was one of the top losers in the Nifty 50's with 2.16% decline. UPL shares opened at intraday high level of ₹659.90 apiece on BSE.  Analysts claim that the street is anticipating poor performance in Q1 FY24 due to the severe headwinds the agrochemical business is experiencing in both domestic and international markets.

sectoral funds, a multi cap fund, an index fund, and overnight fund are open for subscription. After a dry spell for a short period, the NFO market is again showing some signs of revival. Should you invest in these NFOs to maximize the returns from your mutual fund portfolio? First, find out why mutual funds launch NFOs. Mutual fund houses typically launch new schemes because they want to complete their bouquet of offerings or to increase their assets under management. Sometimes, funds may have discovered an interesting theme or idea which they think may offer an opportunity to create wealth. An investor need not bother about fund houses completing their offerings or chasing AUMs. If it’s a unique idea, you should take a closer look.

2023 to become hottest year ever? Global temperature rises by 1.5 degrees Alarm bells had started ringing last week as sweltering heat blanketed much of the planet. On Thursday, the European Union's Copernicus Climate Change Service said on Thursday that June 2023 had smashed all previous records by a substantial margin.

Deepak Fertilisers and Petrochemicals Corporation, a part of the commodity chemical industry, is down by over 40% from its October highs but the recent chart pattern suggests a potential bounce back.The stock hit a 52-week high of Rs 1,061 on October 21, 2022, but failed to hold on to the momentum. It closed at Rs 614 on July 10, which translates into a fall of 42%.The recent price momentum suggests that bulls are trying to take control.

Investing.com — The Dow closed higher Monday, rebounding from a slip last week as investors awaited key economic data due later this week expected to show a slowdown in inflation ahead of the Federal Reserve's monetary policy meeting later this month.

By Gertrude Chavez-Dreyfuss

By Caroline Valetkevitch

All six of Canada’s main commercial lenders now expect the Bank of Canada to raise interest rates this week after the country’s labour market tripled expectations in June.

The awards were open to global businesses and marketing agencies, while categories ranged from marketing & proposition development, thought leadership & content marketing, through to digital marketing.

The Dow Jones Industrial Average fell 29.20 points, or 0.09%, at the open to 33,705.68.

The softer US jobs report for June is only one facet of the risk driver that oil and gold need this week. To complete the picture, Wednesday’s Consumer Price Index, or CPI, report for last month will have to be just as soft to dial down the Federal Reserve’s hawkishness, ensuring the central bank doesn’t go beyond two more rate hikes this year — better still, one.

Cyient DLM Ltd., Xchanging Sol, Vadilal Ind, Inox Wind Ltd. and Ksolves India, hit their fresh 52-week highs during Monday's trade on NSE.

US equity futures fell and European stocks wavered at the start of a week in which inflation and interest rates will be in focus after soft price data raised fresh worries about China’s economic recovery.

Bitcoin (BTC) begins a new week barely clinging to $30,000 as a “bearish divergence” sets the tone.

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Banking stocks at 52-week highs: Three banking shares — Bank of Baroda (BoB), Punjab National Bank (PNB) and South Indian Bank — have hit a new 52-week high during early morning deals on Monday. Out of these three banking shares, South Indian Bank share has delivered multibagger return to its positional shareholders in last one year while BoB share price has risen around 85 per cent and PNB share price has ascended to the tune of 95 per cent in this time.