Latest Market News Today Live Updates July 22, 2024: Kataria Industries IPO allotment to be finalised today; latest GMP, 4 steps to check status

• Kataria Industries IPO allotment date: Investors of Kataria Industries IPO can check allotment status today. Subscription status reached 393.87 times. Shares granted will reflect in allocation status. Listing on NSE SME scheduled for July 24.

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• Stock market can respond adversely to unforeseen developments in the budget. Consequently, it is essential for investors to devise a comprehensive hedging strategy to mitigate the impact of such events. Ghose advises a low risk strategy in Bank Nifty that can be employed to play the budget day.

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• As a global cybersecurity update wreaked havoc on financial markets worldwide, India’s major stock exchanges, the BSE and NSE, stood resilient and untouched. Despite spending significantly less on IT compared to their international counterparts, these exchanges showcased a surprising robustness.

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• Yes Bank shareholders can hold the scrip for short-term targets of ₹28 and ₹30, maintaining a strict stop loss at ₹23, say experts

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• Nifty 50 outlook: Indian stock market benchmark Nifty 50 may face a 5-10 per cent correction in the near term, with mid and small-cap segments at higher risk. Despite this, long-term prospects are positive, making the correction a buying opportunity, as per Emkay Global Financial Services.

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• Panyam Cements, a cement manufacturer in India, reported a surge in stock price by 2986% over the past year. Despite impressive gains, the stock is currently under enhanced surveillance measures. Brokerage views highlight both positive and negative aspects of the company’s financial performance.

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• The stock market has suddenly turned upside down. Few investors saw the shift coming, and many are puzzled by what is behind it.

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• Aelea Commodities had a strong market debut with shares listed at ₹165 each on BSE SME, a 74% premium over the issue price. The IPO, valued at ₹51 crore, received 196 times subscription.

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• Join Bertie as he navigates the whimsical world of market analysts, contemplates the charm of profitable unicorns, and uncovers the hidden perils of online gambling.

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• Following shares hit their 52 week low today – Brightcom Group, Bohra Industries, Praxis Home Retail, Mep Infrastructure Developers, Repro India

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• Following shares hit their 52 week high today – India Glycols, Bajaj Holdings & Investment, Godrej Consumer Products, Emami, Colgate Palmolive India

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• Multibagger stock: Anant Raj share price surged over 12% as its subsidiary signed MoU with Google for data centre infrastructure and cloud services. The company is building data centres with 300 MW IT load. Stock opened at ₹511.90, soared 173.1% in the last year.

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• Wipro’s Q1 FY25 financial performance disappoints, leading to an 8% share decline. Brokerage firms like Nomura, Citi, and Morgan Stanley maintain sell ratings but adjust target prices. Revenue drops 1.1% QoQ, with varying sector performance.

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• Gold And Silver Prices Today:Gold And Silver Prices Today : 10 gm of 24 carat gold was at Rs.75217.0 in Delhi whereas 1 kg of silver was Rs.89160.0 in Delhi.

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• Stocks to buy: Indian stock market benchmark Nifty 50 increased by 0.12 per cent last week, extending its winning streak into the seventh consecutive week. Experts expect some volatility in the short term due to elevated valuations of the market and the ongoing earnings season.

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• Sati Poly Plast share price began trading at ₹247 apiece on NSE SME, a premium of 90% to the issue price of ₹130 per share.

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• Three M Paper share price surged 10.14% on BSE SME debut, opening at ₹76. The IPO subscription was 171.33 times oversubscribed, priced between ₹67 to ₹69 per share. The company produces biodegradable duplex board paper goods from recycled waste paper.

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• Stocks to buy today: Experts have recommended buying these five shares ahead of budget 2024 — SBI Card, RITES, Oberoi Realty, KPIT Tech, and HBL Power

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• HDFC Bank share price gained after the private sector lender posted an in-line performance during the July quarter, characterized by slight margin improvement and controlled provisions.

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• Stock Market Today: Reliance share price remains in focus post Q1 results declared on Friday post market hours. The reported net profit declined 4% yoy mainly due to weakness in Oil to chemical segment Should you Buy Sell or Hold the stocks post the earnings.

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• Sanstar IPO subscription status saw full subscriptions within hours of launch, with NII and retail investors leading. NII quota oversubscribed by 9.85 times, retail by 4.07 times. IPO price band set at ₹90-95 per share. Refunds start July 25, listing expected on July 26.

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• Stocks to buy today: Experts have recommended buying these five buy-or-sell stocks — Kalyan Jewellers, Emami, HCL Tech, Ashok Leyland, and MFSL

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• Here are a few stocks that are likely to be in focus on Monday, 22 July:

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• Stocks to buy or sell: Sumeet Bagadia recommends buying these five breakout stocks today — NECC, Navkar Corporation, Electrosteel Castings, RVNL, and Shaily Engineering

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• The trends on Gift Nifty also indicate a negative start for the Indian benchmark index. The Gift Nifty was trading around 24,380 level, a discount of nearly 155 points from the Nifty futures’ previous close.

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• Indian stock market: Gift Nifty was trading around 24,401 level, a discount of nearly 135 points from the Nifty futures’ previous close, indicating a negative start for the Indian stock market indices.

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• Valuations have outpaced earnings growth over the past three to four years but this is unlikely to continue, Sailesh Raj Bhan told Mint in an interview.

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• Buy or sell stocks: Vaishali Parekh recommends three stocks to buy today — STAR, Karur Vysya Bank, and IRCON

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• Apart from an upbeat volume growth outlook, some other factors have played spoilsport for the cement firm.

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