Long term return stock market Indian Stock Market Nifty 50

“Stock Market Overview: Nifty 50 Stays Positive Amid Mixed Global Trends and Key Corporate Updates”

by

Stock Market Performance on the Previous Day

The stock markets opened much higher than the previous day’s closing points, signaling a positive start. The initial momentum was driven by optimistic sentiments, which saw significant gains in the major indices. However, the Nifty 50, one of India’s benchmark indices, experienced a slight dip later in the morning, particularly after 11:13 AM.

Nifty 50 Performance

Despite the minor mid-morning slump, the Nifty 50 managed to stay in the green throughout the trading day. The index showed resilience, closing higher than its previous close.

Sectoral Movements

Among the various sectors, the realty and media stocks faced the most pressure and ended the day in the red. Most other sectors remained flat, showing minimal movement either upwards or downwards. This sectoral stagnation indicated a lack of significant market-moving news or events.

Global Market Influence

Globally, the market sentiment was mixed. While the US markets closed higher, reflecting investor confidence, the European and Asian markets exhibited a mixed trend. This global uncertainty had a limited impact on the Indian markets, which held steady for most of the trading day.

Top Gainers on Nifty 50

  1. Power Grid
    Closing Price: ₹361.10
    Change: ▲ 3.70%
  2. Coal India
    Closing Price: ₹540.40
    Change: ▲ 3.49%
  3. ONGC
    Closing Price: ₹341.75
    Change: ▲ 2.26%
  4. Dr. Reddy’s
    Closing Price: ₹6,887.95
    Change: ▲ 2.04%
  5. Shriram Finance
    Closing Price: ₹2,989.25
    Change: ▲ 1.95%

These stocks were the top performers, showcasing significant gains and contributing to the overall positive sentiment in the market.

Top Losers on Nifty 50

  1. M&M
    Closing Price: ₹2,828.40
    Change: ▼ 2.73%
  2. Hero Moto
    Closing Price: ₹5,371.85
    Change: ▼ 2.12%
  3. Tata Steel
    Closing Price: ₹163.06
    Change: ▼ 1.37%
  4. SBI
    Closing Price: ₹862.65
    Change: ▼ 1.12%
  5. Tata Motors
    Closing Price: ₹1,144.40
    Change: ▼ 1.06%

These stocks saw the most significant declines, reflecting sector-specific challenges and investor sentiment shifts.

Noteworthy News and Updates

Hero FinCorp IPO Filing

Hero FinCorp, a subsidiary of Hero Moto, has filed for an initial public offering (IPO). This move is anticipated to attract significant investor interest, given the company’s strong market position.

Manufacturing Sector Growth

India’s manufacturing sector growth, measured by the Purchasing Managers’ Index (PMI), stood at 58.1 in July, slightly down from 58.3 in June. This indicates robust manufacturing activity, albeit with a slight deceleration.

Akums Drugs IPO

The IPO of Akums Drugs was a significant success, being subscribed 63.56 times. Retail subscription alone accounted for 21.30 times, underscoring strong investor interest. The subscription period has now closed.

Company-Specific Updates

ITC

ITC reported a marginal decline in its net profit for the April-June quarter, down 0.26% year-on-year to ₹5,091.59 crore.

Adani Enterprises

The company’s board approved the transfer of its food FMCG business to Adani Wilmar. Additionally, Adani Enterprises reported a substantial 115.82% rise in its quarterly net profit to ₹1,454.5 crore.

Hero Moto

Hero Moto commenced operations in the Philippines in partnership with Terrafirma Motors, marking its expansion into new markets.

Sun Pharma

Sun Pharma’s quarterly net profit surged by 42.63% to ₹2,871.25 crore, reflecting strong operational performance.

Tata Motors

Tata Motors announced the demerger of its commercial and passenger vehicle businesses into separate companies, a process expected to complete within 15 months. The company also reported a 72.73% increase in quarterly net profit to ₹5,700 crore.

Adani Ports

Adani Ports posted a 47.20% increase in its quarterly net profit, reaching ₹3,112.83 crore.

Zomato

Zomato plans to launch a new platform, ‘District,’ for its dining-out and ticketing business. The company’s quarterly net profit saw a remarkable year-on-year increase of 12,550% to ₹253 crore, compared to ₹2 crore last year.

Dabur

Dabur’s quarterly net profit grew by 7.81%, reaching ₹500.12 crore.

Max Healthcare

Max Healthcare reported a 5.52% decline in its quarterly net profit, which stood at ₹236.27 crore.

Commodity and Currency Updates

Gold and Silver

  • Gold: The price of 10 grams of gold increased by 0.58% to ₹69,670.
  • Silver: The price of 1 kilogram of silver rose by 0.59% to ₹83,800.

Currency Exchange

  • USD-INR: The Indian Rupee marginally strengthened against the US Dollar, with the exchange rate at ₹83.73/USD, a 0.02% decrease in the USD value.

Global Market Indices

US Markets

  • Dow Jones: Closed at 40,842.79, up by 0.24%.
  • Nasdaq: Closed at 17,599.40, up by 2.64%.

Long-Term Market Returns

Indian Markets

  • Sensex: Average annual return of 14.81% over the past 20 years.
  • Nifty: Average annual return of 14.62% over the past 20 years.

US Markets

  • Dow Jones: Average annual return of 7.21% over the past 20 years.
  • Nasdaq: Average annual return of 11.81% over the past 20 years.

The stock market showed resilience and positive movement despite sectoral variances and mixed global trends. The performance of key stocks and sectors, along with significant corporate updates, influenced the day’s trading. Long-term returns in both Indian and US markets remain robust, highlighting the sustained growth potential for investors.

Read More Stock market Daily Updates

108 thoughts on ““Stock Market Overview: Nifty 50 Stays Positive Amid Mixed Global Trends and Key Corporate Updates””

  78. Эта информационная статья охватывает широкий спектр актуальных тем и вопросов. Мы стремимся осветить ключевые факты и события с ясностью и простотой, чтобы каждый читатель мог извлечь из нее полезные знания и полезные инсайты.
    Детальнее – https://medalkoblog.ru/

    Reply

Leave a comment