Stock Markets Today Live Updates: Nifty 50 and Sensex movements, along with top gainers and losers, have been the talk of the town in the latest market news. As investors eagerly track the market wrap-up, Asian and US markets have also been closely watched to see how they fared.
The week ahead on Wall Street is set to focus on factory output, retail sales data, and the Q2 results of Netflix and Goldman Sachs. This data will provide valuable insights into the state of the economy and the performance of key players in the market.
In the domestic market, the upcoming budget has left investors feeling vulnerable due to the risks associated with the event. However, optimism has grown with the extension of the final budget date to July 22nd, allowing for comprehensive amendments to be made.
Stock recommendations are also making headlines, with experts suggesting Indian Bank, Birlasoft, and IRFC as top bets for the week. Ganesh Dongre of Anand Rathi recommends three stocks for Monday, including L&T and Indus Tower.
In other news, the National Stock Exchange (NSE) has tightened margin trading collateral rules by removing 1,010 stocks, including companies like Adani Power, Yes Bank, and Paytm. This move is set to take effect starting August 1, 2024.
Cryptocurrency enthusiasts will be pleased to know that Bitcoin has surged 2.7% to the 60,000 level again, with experts attributing the rally to various factors driving the market.
Overall, the market capitalization of the top 10 most valued firms has seen a jump of ₹1.72 lakh crore, with TCS leading the pack. The BSE benchmark has also seen a rise, with the Sensex reaching a record closing level of 80,519.34 on Friday.
Looking ahead, the IPO market is set to see four new public issues and one listing hitting the primary market next week. Additionally, Sebi has designated BSE as the supervisory body for investment advisers, ensuring smooth adoption of the framework by research analysts and investment advisors.
With top stock recommendations from experts like Dharmesh Shah of ICICI Securities and an upward trend in the Nifty 50 for the sixth consecutive week, investors are keeping a close eye on market developments. Stay tuned for more updates on Mint’s market blog for real-time information on all things Dalal Street and global markets.
