Stock Market Live Updates: Stock to buy today: National Aluminium Company (₹204)

Stock Market Live Today: Stock to buy today: National Aluminium Company (₹204)

The stock of National Aluminium Company has begun a fresh leg of uptrend this month. It took support at ₹186 and rallied over the past week. On Monday, it broke out of the resistance at ₹200 and hit a record high of ₹209.60. The chart is clearly bullish and the decline in price on Tuesday is mostly likely to be a corrective fall. 

Stock Market Live News: US economy no longer overheated, Fed’s Powell tells Congress

The U.S. is “no longer an overheated economy” with a job market that has cooled from its pandemic-era extremes and in many ways is back where it was before the health crisis, Fed Chair Jerome Powell said in remarks to Congress that suggested the case for interest rate cuts is becoming stronger.

“We are well aware that we now face two-sided risks,” and can no longer focus solely on inflation, Powell told the Senate Banking Committee on Tuesday. “The labor market appears to be fully back in balance.” – Reuters

Stock Market Live news: HP Adhesives invests ₹2 crore in UnityBond Solutions

HP adhesives: Company subscribed to additional shares of UnityBond Solutions deal for 20M rupees. Target company intends to carry on the business of manufacturing, distribution and/or trading of adhesives and sealants.

Stock Market Live News: HGInfra signs MoU with UltraVibrantSolarEnergy

#HGInfra signs MoU with #UltraVibrantSolarEnergy for acquiring project development activities worth Rs 465 crore: Exchange filing

Stock Market Live News: Key takeaways of Kearney India-Amazon Pay 

* 90% respondents prefer digital payments during online purchases

* Both men and women use UPI for 72% of their transactions

* 52% of offline purchases are still in cash

* 51% respondent highlighted internet as a major hurdle in UPI payments

(Source: Kearney India-Amazon Pay Report)

Stock Market Live Today: Fund Flow Activity: 09 July 2024 (Rs. In Crs.) 

Turnover: (NSE + BSE) 

Cash Volume: 135443.29 + 10121.98 Total: 145565.27 

F&O Volume: 489352.46 + 169195.36 Total: 658547.82 

Provisional Cash 

FII/FPI: NET BUY: +314.46 

(14,537.07- 14,222.61) 

DII: NET BUY: +1416.46 

(13,615.06 – 12,198.60)

Stock Market Live News: Prabhudas Lilladher’s Aqua PMS returns 76% in debut year

Aqua PMS has returned 76 per cent in its debut year, with an alpha of 37 per cent over the BSE 500, driving its assets under management (AUM) past the ₹340-crore mark. The strategy is run by PL Asset Management, the asset management arm of Prabhudas Lilladher Group.

Aqua is a 100 per cent quant-based strategy with no human intervention. It follows a rules-based, equal-weighted approach and remains benchmark agnostic. Its investment framework analyses over 1,000 indicators to create an optimal portfolio mix.

Stock Market Live News: Ashwin Sheth group plans to raise ₹2,500-3,000 crore in IPO

Realtor Ashwin Sheth Developers is planning to float an initial public offering in the next 18-24 months to raise anywhere between ₹2,500 and ₹3,000 crore, its top officials said.

It is also planning to invest ₹4,500 crore over the next 3-5 years even as it is prepared to foray into other cities such as Delhi, Bengaluru, Hyderabad, Chennai, and Goa. In Bengaluru, it is close to launching three projects; in Pune, it is considering signing some term sheets; while it is still exploring the Delhi-National Capital Region and other cities, said Chairman and Managing Director Ashwin Sheth.

Stock Market Live News: At ₹40,608 crore, MFs asset and equity inflows hit a new high in June

Inflows into the equity mutual fund hit a record high of ₹40,608 crore in June on back of buoyant equity market and huge fund raise through new fund offer.

The equity fund inflows were up 17 per cent compared to ₹34,697 crore logged in May, according to the Association of Mutual Funds in India data released on Tuesday.

Mutual funds have collected ₹15,227 crore through 17 new fund offers. Of the ₹14,370 crore was raised through 11 equity NFOs. While nine thematic funds mopped-up ₹12,976 crore, one each of multi-cap and small-cap NFOs raised ₹1,051 crore and ₹345 crore.

Trading guide for July 10, 2024: Intraday supports, resistances for Nifty50 stocks

Here are the intraday supports and resistances for widely traded stocks such as Reliance Industries, ITC, ONGC, Infosys, HDFC Bank, TCS, and SBI

Stock Market Live Today: Today’s Stock Recommendation: 10 July 2024

Here’s an interesting stock idea: The stock that we have today is National Aluminium Company. It broke out of a resistance and hit record high early this week. The price action is bullish and we anticipate further rally from the current level.