BSE Prices delayed by 5 minutes ! Prices as on   Jul 12, 2024 - 3:59PM   ABB India 8207.45 [ -2.92% ]ACC 2687.3 [ 0.90% ]Ambuja Cements 676.3 [ -0.42% ]Asian Paints Ltd. 2999.5 [ -0.79% ]Axis Bank Ltd. 1317.8 [ 1.62% ]Bajaj Auto 9428.55 [ -0.46% ]Bank of Baroda 250.75 [ -2.34% ]Bharti Airtel 1433 [ -0.42% ]Bharat Heavy Ele 325.8 [ -2.06% ]Bharat Petroleum 304.55 [ -0.67% ]Britannia Ind. 5793.45 [ 0.61% ]Cipla 1513.2 [ 0.49% ]Coal India 496.1 [ -0.82% ]Colgate Palm. 3037.9 [ 1.01% ]Dabur India 631.05 [ 0.31% ]DLF Ltd. 821.45 [ -1.26% ]Dr. Reddy's Labs 6721.65 [ 1.91% ]GAIL (India) 228.65 [ -0.33% ]Grasim Inds. 2843.1 [ 1.44% ]HCL Technologies 1560.4 [ 3.20% ]HDFC 2729.95 [ -0.62% ]HDFC Bank 1624.35 [ 0.16% ]Hero MotoCorp 5537.6 [ 0.29% ]Hindustan Unilever L 2622.4 [ 0.47% ]Hindalco Indus. 692.2 [ -0.55% ]ICICI Bank 1232.95 [ -0.56% ]IDFC L 117.7 [ 0.34% ]Indian Hotels Co 594 [ -1.35% ]IndusInd Bank 1435.95 [ 0.36% ]Infosys L 1712 [ 3.57% ]ITC Ltd. 459 [ 0.07% ]Jindal St & Pwr 1011.95 [ -0.23% ]Kotak Mahindra Bank 1830.05 [ -0.77% ]L&T 3648 [ 0.73% ]Lupin Ltd. 1798 [ -1.04% ]Mahi. & Mahi 2704.15 [ 0.22% ]Maruti Suzuki India 12585.75 [ -1.00% ]MTNL 46.29 [ 9.43% ]Nestle India 2592.3 [ -0.01% ]NIIT Ltd. 117.75 [ 1.33% ]NMDC Ltd. 246.2 [ 0.02% ]NTPC 377.25 [ 0.00% ]ONGC 306.95 [ 0.71% ]Punj. NationlBak 117.75 [ -1.34% ]Power Grid Corpo 343.15 [ 0.10% ]Reliance Inds. 3193.45 [ 0.95% ]SBI 859.65 [ 0.36% ]Vedanta 449.45 [ 0.40% ]Shipping Corpn. 346.55 [ 4.92% ]Sun Pharma. 1578.25 [ -0.32% ]Tata Chemicals 1064.8 [ 0.64% ]Tata Consumer Produc 1146.3 [ 1.48% ]Tata Motors 1016.6 [ -0.41% ]Tata Steel 168.7 [ -0.18% ]Tata Power Co. 434.05 [ -1.43% ]Tata Consultancy 4184.9 [ 6.68% ]Tech Mahindra 1505.35 [ 3.19% ]UltraTech Cement 11650 [ 0.75% ]United Spirits 1280 [ -0.35% ]Wipro 560.05 [ 4.81% ]Zee Entertainment En 155.55 [ 5.71% ]
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MARKET COMMENTARY

Jul-12-2024 08:51

Benchmark indices Sensex and Nifty 50 are likely to open higher on July 12, tracking cues from GIFT Nifty which was trading near 24,473, a short while ago this morning.

Meanwhile, TCS, on Thursday after market hours, reported an 8.7 per cent YoY growth in net profit at Rs 12,040 crore; sequentially profit was down 3.1 per cent. Revenue for the quarter was up 5.4 per cent YoY at Rs 62,613 crore; and up per cent sequentially.

TCS Q1 performance beat Bloomberg estimates on revenue and net profit. Bloomberg had estimated revenue to be at Rs 62,128 crore and profit at Rs 11,959 crore.

Further, the focus will be on macro-economic data – with IIP and CPI inflation scheduled to be released on Friday. On Thursday, the 30-share benchmark index ended at 79897.34 down by -27.43 points or by -0.03 % and then NSE Nifty was at 24315.95 down by -8.5 points or by -0.03 %.

On the global front, the US market ended on a mixed despite softer-than-expected CPI inflation data as profit-taking in technology stocks weighed on the NASDAQ. Headline CPI grew at a slower-pace-than expected pace at 3 per cent year-on-year in June; thus raising bets to up to 85 per cent chance of a Fed rate cut in September.

However, profit-taking tech shares hit Wall Street. NASDAQ plunged 2 per cent, and the S&P 500 shed 0.9 per cent. Dow Jones, however, ended 0.1 per cent higher.

Equity markets, in the Asia-Pacific region, also displayed a mixed trend. Japan’s Nikkei has tumbled over 2 per cent, and Kospi 1.3 per cent. The Australian stock indexes, however, was up 0.6 per cent each.

Back home, Top traded Volumes on NSE Nifty – Oil And Natural Gas Corporation Ltd. 36020507.00, Tata Steel Ltd. 33987236.00, HDFC Bank Ltd. 22088537.00, Coal India Ltd. 20146927.00, NTPC Ltd. 19873143.00, On NSE, total number of shares traded was 506.65 Crore and total turnover stood at Rs. 139708.83 Crore.

On NSE Future and Options, total number of contracts traded in index futures was 464505 with a total turnover of Rs. 31688.57 Crore. Along with this total number of contracts traded in stock futures were 1457176 with a total turnover of Rs. 115374.24 Crore. Total numbers of contracts for index options were 648762610 with a total turnover of Rs. 41232119.93 Crore. and total numbers of contracts for stock options were 5776697 with a total turnover of Rs. 463778.08 Crore.

The FIIs on 11/07/2024 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 18049.91 Crore and gross debt purchased stood at Rs. 1225.56 Crore, while the gross equity sold stood at Rs. 15865.96 Crore and gross debt sold stood at Rs. 576.50 Crore. Therefore, the net investment of equity and debt reported were Rs. 2183.95 Crore and Rs. 649.06