Stock Market Updates: Market started with selling, 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 66,150.57 with a weakness of 294.40 points, or 0.44 per cent. At the same time, the Nifty was trading at a level of 19,647.40 with a decline of 86.25 points or 0.44 per cent.
Selling is being seen in the domestic stock market amid weak signals from the global market. Both the Sensex and Nifty indices are looking weak in today’s trade. At the beginning of the market, the Sensex was trading at a level of 66,150.57 with a weakness of 294.40 points, or 0.44 per cent. At the same time, the Nifty was trading at a level of 19,647.40 with a decline of 86.25 points or 0.44 per cent. Weakness is visible in most of the major sectors in today’s business. Most of the indices including Bank, Financial, Auto, IT, Metal, Pharma and Realty are showing red mark on Nifty. Shares of ADANIPORTS, ONGC, NTPC, POWERGIRD, ADANIENT, MARUTI are in green color i.e. in growth, while TATASTEEL, TATACONSUM, HEROMOTOCO, CIPLA, SBILIFFE shares are seen in red color i.e. weak. Today i.e. 2 August 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
The total sales of the country’s leading vehicle maker Maruti Suzuki increased by 3 percent to 1,81,630 units in July. The company had sold a total of 1,75,916 units in July 2022. Total domestic passenger vehicle sales increased by 6 percent to 1,52,126 units from 1,42,850 units in July 2022. Sales of small cars like Alto, S-Presso declined to 9,590 units from 20,333 units in July, 2022.
coal india
Coal India Limited (CIL) said that in July 2023, its coal production increased by 13.4 percent to 53.6 million tonnes on an annual basis. Its coal production in July last year was 47.3 million tonnes. The company said that during April-July 2023, its production increased to 229.1 million tonnes, which is 10.7 percent higher than 207 million tonnes in the same period of 2022. CIL has set a target of 780 million tonnes of coal production during the financial year 2023-24.
Adani Total
The profit of Adani Total Gas increased by 7 percent to Rs 148 crore. The company’s profit was Rs 138 crore in the same quarter a year ago. In the first quarter of the current financial year, the company’s revenue increased by 2 percent to Rs 1,135 crore. The company’s income has improved due to increase in CNG sales. In this quarter, Adani Total sold a total of 198 million cubic meters of gas. Of this, CNG sales increased by 18 per cent to 128 million cubic metres.
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.
PVR Inox
PVR Inox reported a loss of Rs 81.6 crore in the June quarter. The company had earned a profit of Rs 53.4 crore in the June 2022 quarter. The operating income of the company stood at Rs 1304.9 crore, as against Rs 981.4 crore in the same quarter of the previous financial year. The company said that the date of merger of PVR Inox has been considered as January 1, 2023.
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