Stock Market Updates: The month started with a rise, today’s top 5 shares on which investors will be eyeing
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At the beginning of the market, the Sensex was trading at a level of 66,555.61 with a gain of 27.94 points, or 0.04 per cent. At the same time, the Nifty was trading at a level of 19,763.35, rising by 9.55 points or 0.05 per cent.
The domestic stock market is showing strength amidst mixed good signals from the global market. In today’s trade, both Sensex and Nifty opened with gains. At the beginning of the market, the Sensex was trading at a level of 66,555.61 with a gain of 27.94 points, or 0.04 per cent. At the same time, the Nifty was trading at a level of 19,763.35, increasing by 9.55 points or 0.05 percent. In today’s business, most of the sectors are showing a boom. Metal, PSU Bank, Auto, Pharma all the indices are showing in green mark on Nifty. While the financial and realty index is in the red. Shares of NTPC, TECHM, HINDALCO, DRREDDY, TATA MOTORS are in green color i.e. in growth, while shares of POWERGIRD, APOLLOHOSP, HDFCLIFE, UPL, ONGC, ADANIPORTS are seen in red color i.e. weak. Today i.e. August 1, 2023, some stocks are ready to show action in a volatile market. These stocks can remain in focus in the market today. If you are looking for better stocks in intraday then you can keep an eye on these.
Maruti Suzuki
Maruti Suzuki’s first quarter sales stood at 4,98,030 units, up 6.4 per cent over the same period last year. Maruti Suzuki’s domestic sales stood at 4,34,812 units with an increase of 9.1 per cent year-on-year. In addition, the board of Maruti Suzuki has approved the termination of the contract manufacturing agreement with Suzuki Motor Gujarat (SMG). Suzuki Motor Corporation currently holds 100% of the equity capital of SMG.
Reliance Industries
Reliance Retail has launched a new laptop targeting students who are looking for an affordable laptop with smart capabilities. Jio has now launched a new JioBook laptop for Rs 16,499. JioBook runs on JioOS operating system, which is based on Android.
GAIL (India)
GAIL (India) reported a 44.8 per cent decline in profit at Rs 1,792.99 crore as compared to Rs 3,250.95 crore in the corresponding quarter of FY2013 due to weaker earnings from petrochemical business as well as marketing of natural gas.
Power Grid Corporation
Power Grid on Monday reported a 5 per cent year-on-year (YoY) decline in consolidated net profit for the first quarter of FY24 at Rs 3,597 crore. Revenue from operations increased by 1 percent to Rs 11,048 crore.
State Bank of India
SBI said it has raised Rs 10,000 crore through its third infrastructure bond issuance at a coupon rate of 7.54 per cent. The proceeds from the bonds will be used to raise long-term resources for funding the infrastructure and affordable housing segments, SBI said in a statement.
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