Gift Nifty Down 13 Points | GM Breweries Q1 Results | FIIs Turn Net Buyers | Top Buzzing Stocks Today

Wed, 10 Jul Pre-Open

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Benchmark indices continued the momentum as the session progressed on and ended the day higher.

Equity benchmark indices made a steady ascend on Tuesday, settling near record highs on the back of gains in Maruti Suzuki, M&M, ITC, and Titan Company.

At the closing bell on Tuesday, the BSE Sensex stood higher by 391 points (up 0.4%).

Meanwhile, the NSE Nifty closed higher by 97 points (up 0.4%).

M&M, ITC and Titan were among the top gainers.

Reliance Industries, ONGC and Bajaj Finance on the other hand, were among the top losers.

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

The BSE MidCap index and BSE SmallCap index ended 0.3% higher.

Sectoral indices are trading mixed, with socks in realty sector, auto sector and FMC sector witnessing most buying. Meanwhile stocks in telecom sector and oil & gas sector witnessed selling pressure.

Gold prices for the latest contract on MCX were trading 0.2% higher at Rs 72,490 at the time of Indian market closing hours on Tuesday.

At 7:30 AM today, the Gift Nifty was trading down 13 points at 24,477 levels.

Indian share markets are headed for a muted start today following the trend on Gift Nifty.

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.

Top buzzing stocks today

Maruti Suzuki share price will be in focus today.

Shares of Maruti Suzuki India (MSIL) rallied as much as 5.9% to Rs 12,735 on the BSE in Tuesday's intra-day trade amid heavy volumes after the Uttar Pradesh (UP) government decided to waive registration fee on hybrid cars in a bid to promote green technology.

The stock of automobile major has reported its sharpest intra-day rally in the last two years.

CESC will also be a top buzzing stock.

Calcutta Electric Supply Corporation (CESC) shares jumped 10% in trade on 9 July after the firm decided to raise the effective tariff by 5.7%, while also starting to levy fuel adjustment charges on its consumers.

The tariff hike shall make up and cover the costs of the firm's incremental fuel charges and make sure it sees complete cost recovery.

GM Breweries Q1 Results

GM Breweries (GMBL) today reported its Q1FY25 results wherein the company posted a profit after tax of Rs 249.4 m while the revenue from operations jumped to Rs 6.1 bn.

This was up 25% and 3% respectively against the Rs 199.1 m PAT and Rs 5.8 bn revenue reported during the same quarter of the financial year 2023-2024.

Additionally, the company has also posted an increase in its total income, which stands at Rs 6 bn in Q1FY24 against Rs 5.8 bn in the same period last year. This represents an increase of 4% on a year-on-year basis.

GMBL is engaged in the manufacturing and marketing of alcoholic beverages such as Country Liquor (CL) and Indian-made Foreign Liquor (IMFL) and is the largest manufacturer of country liquor in the state of Maharashtra with a sizable market share.

The company owns brands like GM Santra, GM Doctor, GM Limbu Punch and GM Dilbahar Sounf.

Why Kalpataru Projects Share price is Rising

Shares of Kalpataru Projects International rallied 3% to Rs 1,311 per share on 9 July after the board approved a proposal to set up a fundraising limit of up to Rs 16 bn by way of issuance of secured or unsecured redeemable non-convertible debentures.

Recently, Kalpataru Projects said that the company and its joint ventures and international subsidiaries have secured new orders worth Rs 23.3 bn. The new orders include Transmission & Distribution (T&D) business in India and overseas markets, an EPC order for an industrial plant in the metal industry, and a residential building order in India.

In its annual report, the company emphasised its strategy to strengthen its presence in existing geographies by tapping into large and complex EPC projects, diversifying into newer geographies and foray into newer businesses such as data centres, airports, tunnelling, urban mobility, hydrocarbons, etc.

Kalpataru has a presence in 73 countries, and it has ventured into Madagascar, Poland, Niger and Tanzania for supply of tower parts. In international geographies such as Europe, Africa and LatAm, there was a substantial growth in T&D ordering.

Notably, subsidiaries Linjemontage and Fasttel also reported 104%/30% growth in the order book in FY24.

FIIs Becomes Net Buyer

Indian markets continued to hit record highs as foreign investors bought over US$ 1.3 bn in equities in early July, following a US$ 3.2 bn net buy figure in June, which together offsets the selling seen in April and May.

Foreign investors were net sellers in April and May, choosing to be on the sidelines due to election-related uncertainties, but resumed buying soon after the mandate which showed BJP-led NDA returning with fewer seats and BJP not securing a majority on its own. Key portfolios remaining largely unchanged indicated Modi government appeared less susceptible to demands from allies and signalled policy continuity.

The stable government, ongoing reforms, and macro tailwinds are expected to drive a private capex revival, benefiting industrials, cement, infrastructure, and PSU banks. The power, defence, and railways sectors will attract investors due to new technologies and privatization.

Real estate is favoured for its growth outlook and potential rate cuts, while PSU banks remain attractive due to their discounted valuations.

Small caps are seen positively for their cyclical upturn and strong earnings growth, with selective positivity towards quality mid-caps despite high valuations, analysts added.

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!

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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

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