Sensex Today Trades Lower | Nifty Below 24,300 | Titan & Bank of Baroda Down 3%

Mon, 8 Jul 10:30 am

   Previous Close   

   Pre-Open   

   Closing   

Asian stocks inched higher on Monday as investors grew more confident about a September US rate cut, while the euro grappled with political uncertainty as French elections pointed to a hung parliament.

Japan's Nikkei 225 gained 0.4%, while the Topix is trading flat. South Korea's Kospi is trading marginally higher.

Asian stocks inched higher on Monday as investors grew more confident about a September U.S. rate cut, while the euro grappled with political uncertainty as French elections pointed to a hung parliament.

Here's a table showing how US stocks performed on Friday:

Stock/Index	LTP	Change ($)	Change (%)	Day High	Day Low	52-Week High	52-Week Low
Alphabet	191.96	4.57	2.44%	192.26	187.32	192.26	115.83
Apple	226.34	4.79	2.16%	226.45	221.65	226.45	164.08
Meta	539.91	29.95	5.87%	540.87	511.6	540.87	274.38
Tesla	251.52	5.13	2.08%	252.37	242.46	299.29	138.8
Netflix	690.65	8.14	1.19%	697.49	677.23	697.49	344.73
Amazon	200	2.41	1.22%	200.55	198.17	200.55	118.35
Microsoft	467.56	6.79	1.47%	468.35	458.97	468.35	309.45
Dow Jones	39375.87	67.87	0.17%	39399.62	39168.7	40077.4	32327.2
Nasdaq	20391.97	205.33	1.02%	20406.99	20201.5	20406.99	14058.33

Source: Equitymaster

At present, the BSE Sensex is trading 37 points lower and NSE Nifty is trading 6 points lower.

Tata Motors, Wipro and ONGC among the top gainers today.

Titan, Adani ports and Asian Paints the other hand are among the top losers today.

For a comprehensive overview of key players in the financial sector, check out list of Fin Nifty Companies.

For impact of the Bank Nifty companies and comprehensive overview of the index, check out Equitymaster's Bank Nifty Companies list.

Broader markets are trading on positive note. The BSE Midcap index is trading 0.2% higher and the BSE Smallcap index is trading 0.4% higher.

Barring consumer durables sector all other sectoral indices are trading on posistive note today, with socks in auto sector, oil & gas sector and IT sector witnessing most buying.

The rupee is trading at Rs 83.46 against the US dollar.

In commodity markets, gold prices are trading 0.2% lower at Rs 72,905 per 10 grams today.

Now track the biggest movers of the stock market using stocks to watch today section. This should help you keep updated with the latest developments...

Speaking of the stock market, Shipping is a significant in the current world as 80% of world trade by volume and 70% by value happens via ships.

So, if India is to be a key player in the global supply chain, it must become a hub of shipbuilding and repair as well.

Currently, the country accounts for about 20% of the market demand for commercial vessels worldwide.

Tanushree Banerjee, Research Analyst, in her latest video talks about that should one be wary of shipping stocks or should we expect multibbager gains?

Tune into below video for more details.

Titan Q1 Update

The Tata Group company on Friday announced that it has a revenue growth of 9% year on year (YoY) for the quarter ended 30 June 2024.

Titan added 61 stores during the quarter, expanding its combined retail network presence to 3,096 stores.

The company's jewellery domestic operations grew 8% YoY. The week of Akshaya Tritiya witnessed double-digit growths (in Tanishq secondary sales) compared to last year.

However, high gold prices (20% growth YoY) and their continued firmness had an impact on consumer demand. Coupled with lower wedding days, overall sentiments were relatively muted in comparison to Q1 FY24.

Domestic growth came largely through an increase in average selling prices whereas buyer growth was in the low single digits. Gold (plain) grew in high single digits while studded growth was moderately lower in comparison, said the firm.

During the quarter, Tanishq added a new store in Muscat (Oman), Of the 33 new store additions (net) in India, 11 stores were in Tanishq, 19 in Mia and 3 in Zaya respectively.

Watches & Wearables domestic business grew 14% YoY.

Revenue growth in Analog came in at a healthy 17% YoY whereas wearables witnessed a decline of 6% YoY. The division added 17 new stores (net) in the quarter.

Titans EyeCare's domestic business increased 3% YoY in Q1 FY24. The division's foray into affordable fashion is aiding volume growth for the category. Titan Eye+ added 3 new stores (net) in India in Q1 FY25.

Nykaa Projects 22-23% Revenue Growth

Titan Company, a joint venture between the Tata Group and the Tamilnadu Industrial Development Corporation (TIDCO), commenced its operations in 1987 under the name Titan Watches.

In 1994, Titan diversified into Jewellery (Tanishq) and subsequently into eye care.

Starting this quarter, Nykaa will introduce vertical-wise segmental reporting. The Beauty segment will encompass the online beauty platform Nykaa, its owned beauty brands, physical stores, the eB2B distribution business 'Superstore by Nykaa,' and the Nykaa Man beauty and personal care (BPC) business.

The Fashion segment will include the Nykaa Fashion platform, its owned fashion brands, the content platform LBB, and the Nykaa Man lifestyle business.

The Beauty vertical's revenue growth is expected to align with the overall company's growth at around 22-23% YoY. GMV growth for this segment is anticipated to be in the high twenties YoY, reflecting the long-term growth trajectory of the BPC industry.

However, this performance comes despite slower growth in Nykaa's physical retail business, which has been affected by elections and heatwaves in North India.

Nykaa's Fashion vertical is projected to achieve a healthy revenue growth of about 20% YoY. GMV growth for this segment is expected to be more modest, in the mid-teens year-over-year.

NLC Bags Coal Mine

State-owned NLC India Ltd (NLCIL) has emerged as the successful bidder for the Machhakata (revised) coal mine in the Angul District of Odisha after the commercial coal block e-auction held on 2 February by the Ministry of Coal.

This is the second commercial coal mine block for NLCIL and the company is committed towards its capacity addition in line with the corporate plan.

Tamil Nadu-based NLC, under the Ministry of Coal, operates three opencast lignite mines with a total installed capacity of 30 million tonnes per annum (MTPA) at Neyveli.

Last year, emerged as the successful bidder for the North Dhadu (Western Part) coal mine in Jharkhand. The mine has coal reserves of 434.65 million tonnes (MT) with peak rated capacity of 3 MT per annum,

Besides, it has an opencast lignite mine at Barsingsar in Rajasthan with an installed capacity of 2.1 MTPA and an opencast coal mine at Talabira in Odisha with an installed capacity of 20 MTPA.

To know what's moving the Indian stock markets today, check out the most recent share market updates here.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

Read the latest Market Commentary

Top Gainers TodayTop Gainers over 1-WeekTop Gainers over 1-MonthTop Gainers over 1-YearTop Gainers over 3-YrsTop Gainers over 5-YrsTop Losers TodayTop Losers over 1-WeekTop Losers over 1-MonthTop Losers over 1-YearTop Losers over 3-YrsTop Losers over 5-YrsOnly BuyersOnly SellersMost Active StocksMost Popular Stocks52 Week High Stocks52 Week Low Stocks

INDICESBSE (Rs 0 to 1)BSE (Rs 1 to 2)BSE (Rs 2 to 4)BSE (Rs 4 to 10)BSE (Rs 10 to 20)BSE (Above Rs 20)BSE - AllBSE-30BSE-100BSE-200BSE-500BSE AutoBSE BankexBSE Capital GoodsBSE Consumer DurablesBSE FMCGBSE HealthcareBSE ITBSE MetalBSE Oil & GasBSE PSUBSE TeckBSE RealtyBSE PowerBSE A GroupBSE B GroupBSE Mid-CapBSE Small-CapBSE Basic MaterialsBSE Consumer DiscretionaryBSE IndustrialsBSE UtilitiesBSE Sensex 50BSE Sensex Next 50BSE Bharat 22BSE 150 MidCapBSE 250 SmallCapBSE 250 LargeMidCapBSE 400 MidSmallCapBSE AllCapBSE LargeCapBSE SmallCap SelectBSE 100 LargeCap TMCBSE InfraBSE ManufacturingBSE CPSEBSE Private BankBSE Diversified FinancialsBSE MomentumBSE Low VolatilityBSE QualityBSE Enhanced ValueBSE Divident StabilityS&P BSE IPOBSE SMEIPOBSE 100 ESGBSE CarbonexBSE GreenexNSE (Rs 0 to 10)NSE (Rs 10 to 20)NSE (Above Rs 20)NSE - AllNSE-50NSE ITNSE Nifty Midcap 50NSE JR. NiftyNSE Bank NiftyNIFTY Next 50NIFTY 100NIFTY 200NIFTY 500NIFTY MidCap 100NIFTY SmallCap 250NIFTY SmallCap 50NIFTY SmallCap 100NIFTY LargeMidCap 250NIFTY MidSmallCap 400NIFTY AutoNIFTY Consumer DurablesNIFTY FinanceNIFTY FMCGNIFTY MediaNIFTY MetalNIFTY PharmaNIFTY Private BankNIFTY PSU BankNIFTY RealtyNIFTY Oil & GasNIFTY SME EmergeNIFTY CommoditiesNIFTY CPSENIFTY EnergyNIFTY India ConsumptionNIFTY InfraNIFTY MNCNIFTY PSENIFTY Serv SectorNIFTY100 Liquid 15NIFTY Midcap Liquid 15NIFTY Midcap 150 Quality 50NIFTY50 Equal WeightNIFTY100 Equal WeightNIFTY100 Low Volatility 30NIFTY100 Alpha 30NIFTY Alpha 50NIFTY Dividend Opportunities 50NIFTY High Beta 50NIFTY Low Volatility 50NIFTY200 Quality 30NIFTY 500 Value 50NIFTY 100 Quality 30SECTORSAgricultureAirlinesAluminiumAsset Management CompaniesAutomobilesAuto AncillariesBanks (Private)Banks (PSU)BankingCementChemicalsDefenceDiagnosticsDronesEngineeringElectric VehicleElectric Vehicle BatteryEnergy SourcesESGEthanolFertilizersFintechFMCGFoodGreen HydrogenHotelsInfrastructureInsuranceInvestment and FinanceInvITIT (Large)IT (Others)LogisticsMediaMetalMiningIndia's Big Tech StocksIndian PharmaMNC PharmaPSUPaintPaperPlasticPowerRating AgenciesReal EstateREITsRenewable EnergyRetailingSemiconductorShippingSteelSugarSupply ChainTelecomTextilesTravel Support Services

10 results 25 results 50 results 100 results All results

Indian Share Market Update: Top Gainers and Losers