Sensex Surges 350 Points, Nifty Above 17,250; M&M Zooms 7%

Mon, 1 Aug 10:30 am

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Asian share markets opened mixed today after muted data, which saw a surprise contraction in July, adding to worries about the world's number two economy.

The Nikkei rose by 0.5%, while the Hang Seng was down by 0.9%. The Shanghai Composite is trading lower by 0.3%.

US stocks added to their recent rally on Friday after upbeat forecasts from Apple and Amazon.com, and the S&P 500 and Nasdaq posted their biggest monthly percentage gains since 2020.

The Dow Jones rose by 0.9% while the tech heavy Nasdaq was up 1.9%

Back home, Indian share markets are trading on a strong note.

Benchmark indices opened higher today following the trend on SGX Nifty. Soon as the session progressed, gains were extended.

At present, the BSE Sensex is trading higher by 325 points. Meanwhile, the NSE Nifty is trading up by 113 points.

M&M and Maruti Suzuki are among the top gainers today.

Sun Pharma and IndusInd Bank are among the top losers today.

Bajaj Finserv share price is rising after it reported good results last week.

Meanwhile, TVS Motor Company share price is also rising post declaring highest ever net profit and EBITDA.

Broader markets are trading on a positive note. The BSE Mid Cap index is up by 0.9% while the BSE Small Cap index is trading higher by 1%.

Sectoral indices are trading on a positive note. Stocks in the auto and telecom sector witness most of the buying.

Page Industries and Blue Dart Express hit their 52-week highs today.

Since you're interested in high flying stocks, check out our guide on how to pick the best multibagger stocks in 2022.

In the commodity markets, gold prices fall. Today, gold prices are down by Rs 221 trading at Rs 51,205 per 10 grams.

Note that gold prices have fallen and have taken quite a knock in recent weeks.

Meanwhile, silver prices are trading higher at Rs 58,045 per kg. Silver price too have fallen a lot in recent days.

The rupee is trading at 79.1 against the US dollar.

After getting a bird's eye view of the market, do you want to get a full analysis on how the markets will perform today? You know how the market started but do you want to know how the markets will close today?

In the below video, Brijesh Bhatia does a complete analysis of today's market.

Tune in to the below video to know more.

2021 was a stellar year for share markets across the globe. Everyone around me was talking about share markets and how money was multiplying.

Due to lockdown and lack of other investment opportunities, people were investing huge sums in share markets. All the stocks were booming regardless of their fundamentals.

The concept of value investing seemed outdated.

Cathie Woods the founder and chief investment officer of ARK Investment Management LLC, made a name for herself by investing in disruptive technologies. Her fund delivered stellar returns in the post Covid rally. At its peak, the returns were 3x.

But with the beginning of 2022, the situation started changing and markets started correcting. The rising stocks were now falling because of the changed economic scenario.

The ARK fund saw its down fall in 2022.

However, Warren Buffett, the ace investor's stocks were on the rise in 2022. I guess this makes the difference between value investing and investing quite clear.

Below is the chart of the performance of ARK fund and Berkshire Hathaway in 2022 which clearly paints out the differences between investing and value investing.

In news from the auto sector, M&M gets a good response to its all-new Scorpio-N SUV.

Mahindra & Mahindra recorded 100,000 bookings for the Scorpio-N within 30 minutes of the booking commencement at 11 AM on Saturday, translating into an ex-showroom value of Rs 180 bn.

The company claimed, this is the fastest booking received for any car model. Customers' enthusiasm for the All-New Scorpio-N has been extraordinary - the Scorpio-N recorded 25,000 bookings within one minute of booking commencement.

The Scorpio N breaks the record of XUV700 which had logged in bookings of 100,000 units within 57 minutes after it started accepting bookings on October 21.

The deliveries of the Scorpio N will commence from 26 September 2022, onwards. Over 20,000 units of the All-New Scorpio-N are planned for delivery by December 2022 wherein Z8L variant will be prioritised. Mahindra will inform the customers about their delivery date by the end of August 2022.

The introductory prices of the variants are applicable only for the first 25,000 bookings. The prices for the subsequent bookings will be in line with the prices prevalent at the time of delivery. Mahindra will continue to take the bookings for the models online and at dealerships.

M&M is one of the 5 stocks that declared dividends recently and also one of the top EV companies in India.

To know more check out M&M's 2021-22 annual report analysis.

In news from the finance sector, HDFC has bad news for borrowers.

Mortgage lender, HDFC on Saturday increased its benchmark lending rate by 25 basis points, a move that will make loans dearer for both existing and new borrowers.

The rate hike comes ahead of the RBI's Monetary Policy Committee (MPC) meeting later next week. It is widely expected that MPC would hike interest rates to tame high inflation.

This is the fifth hike effected by HDFC in two months. In all the rate has been increased by 115 basis points since May this year.

The revised rates for new borrowers range between 7.8% and 8.3%, depending on credit and loan amount. The existing range is 7.6% to 8.1%For existing customers, the rates will rise by 25 basis points or (0.25%).HDFC follows a 3-month cycle for repricing its loans to existing customers. So, the loans will be revised in sync with the increased lending rate based on the date of the first disbursement of each customer.Financial institutions are on an interest rate hike spree following the increase in repo rate by 40 basis points and 50 basis points, respectively, announced by the RBI in May and June.

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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