Daily Market Wrap-Up by Stock Whisperers: [15-JULY-2024] – Key Highlights and Stock Insights

Market Wrap-Up Your daily dose of market insights and stock updates

Author

thestock whisperers
July 16, 2024

15-JULY-2024

Market Overview:

Summary of the Day's Market Performance

  • Nifty (+0.4%) and Sensex (+0.2%) hit new all-time highs.

  • Midcaps surged (+0.9%), while Smallcaps had a decent day (+0.5%).

"Markets continued to rip, with the Nifty and Sensex hitting new all-time highs, up 0.4% and 0.2%, respectively. Midcaps popped off with a 0.9% gain, and Smallcaps had a decent day, adding 0.5%."

Sector Highlights:

Performance of Key Sectors

  • PSU Banks led the gains, rising +3.1%.

  • Oil & Gas and Real Estate sectors were strong performers, up +2% and +1.3% respectively.

  • IT was the only sector ending in the red, down -0.3%.

"Except for IT (-0.3%), all sectors ended in the green today. PSU Banks surged by 3.1%, followed by Oil & Gas (+2%) and Real Estate (+1.3%)."

Market Transactions:

• 📈FII Bought: 2,684.78 cr.

• 📉DII Sold: -331.00 cr.

Stock News:

Key Stock Movements and News

  • Zomato: Gained +3% to hit an all-time high after hiking its platform fees.

  • HCL Tech: Rallied +5% intraday on decent Q1 numbers.

  • IREDA: Hit a new all-time high on a strong Q1 show.

  • Aurobindo Pharma: Rose +4% to a record high after announcing consideration of a share buyback plan on July 18.

  • Varun Beverages: Increased +3% after expanding its snack portfolio in Zimbabwe and Zambia.

  • Ashok Leyland: Gained +2% after securing a big Rs 980 crore bus order from the Maharashtra government.

  • Apollo Micro Systems: Locked in a +5% upper circuit after winning a drone systems order from the Indian Army.

Stocks to Focus On:

Stocks Worth to Watch

  • RITES

    🛒 Between 770

    🎯target 805/810

The Result of Past Stock Focus:

10-07-2024

HITECH

Target hit within 3 trading days

✅

12-07-2024

SEQUENT

Target hit within two trading days

✅

Conclusion:

Summary and Outlook

"In summary, markets continued their upward momentum with Nifty and Sensex hitting new highs. PSU Banks, Oil & Gas, and Real Estate sectors led the gains, while IT was the only sector in the red. Looking ahead, key earnings announcements and sectoral developments will be crucial for market direction."

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Disclaimer: The information provided in this newsletter is for informational purposes only and should not be considered financial advice.

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