Updates on the livestock market: SpiceJet rises over 5%, Sensex begins the day higher, while the Nifty 50

16/7/2024,

SYNOPSIS: Live updates on the stock market Per GIFT Nifty, the key Indian indices, the Sensex and Nifty 50, are starting the day flat to favourably.



Today's quarterly earnings for Jio Financial Services and SpiceJet will be closely watched by investors.

Himadri Specialty Chemicals, Bajaj Auto, CRISIL, DB Corp, Just Dial, Jubilant Ingrevia, Dee Development Engineers, and L&T Finance

Vedanta, Angel One, Hatsun Agro, HUL, Unichem Labs, and Lupin are other stocks being evaluated today.


Real-time updates

LIVE Stock Market Updates Gains in Century Textiles Almost 6%
The share price of Century Textiles has increased by 5.76% as of late.
Also, the stock is the biggest gainer among Nifty Smallcaps.
In the last year, it has increased by 133%.

SpiceJet Reacts To Profits And Gains Almost 7% – Live Stock Market Updates
SpiceJet's shares are already trading almost 7% higher following its quarterly earnings release on Monday after market hours.
For the January–March quarter of the 2024 fiscal year, SpiceJet reported a six-fold improvement in its standalone net profit of ₹119 crore, primarily due to robust travel demand.


During the same period the previous year, the aviation company reported a net profit of ₹17 crore.

The profit for Q4 was ₹386 crore on an EBITDA basis, which was an increase from ₹344 crore in Q4FY23.


Live Stock Market Updates: Rupee Opens Level At 83.59 Compared to Friday's Close

Live Stock Market News: Will Vedanta Shares Reach Rs 750 Within 12–18 Months? Highlights from a Technical Analyst A Key Level: With 80% gains so far this year, Vedanta shares are enjoying their greatest calendar year since 2021. The stock has increased by around 110% in 2021. The mining company headed by Anil Agarwal gained attention when it launched its Qualified Institutional Placement (QIP), to raise up to ₹6,688 crore.

Live updates on the stock market | Marketbuzz Podcast: Nifty 50 Eyes 24,600, Vedanta, Bajaj Auto, and SpiceJet in Highlights

Present Nifty, which focuses on equities like Bajaj Auto, SpiceJet, Jio Financial Services, and Vedanta, indicates a flat-to-positive start for the Indian market today.

SpiceJet's Reaction To Earnings: Real-Time Stock Market News
Although the company declared a net profit of ₹126.9 crore for the March quarter, it had a year-over-year loss of ₹6.2 crore. Revenue fell to ₹1,738.4 crore, a 19% decrease. EBITDAR increased from ₹515 crore to ₹616 crore in a single year.


After recording a net loss of ₹1,512.8 crore in the fiscal year 2023, the airline recorded a loss of ₹422.8 crore in the fiscal year 2024. The year-over-year revenue fell by 20.2% to ₹7,085.3 crore.

The airline reported a loss for December of ₹301.4 crore.


Stock Market LIVE Updates | Paytm Receives An Administrative Warning From SEBI Regarding Related Party Transactions With Payments Bank The Securities and Exchange Board of India (SEBI), the market regulator, has sent an administrative warning to One97 Communications Ltd., the parent company of payments aggregator Paytm, regarding related party transactions it entered into with its subsidiary Paytm Payments Bank for the fiscal year 2021–2022.

Live Stock Market Updates | RateGain Collaborates On Pricing Technology With German-Based AirGain And Hahn Air

Live Stock Market Updates: Nifty 50 and Sensex Are Expected to Open With Minimal Change
Live Updates On The Stock Market: Increased Windfall Tax on Crude Petroleum to Rs 7,000 Per Tonne

The windfall tax on domestically produced crude oil would increase to ₹7,000 per tonne from the previous ₹6,000 per tonne, as the government stated on Monday, July 15.

Special Additional Excise Duty (SAED) is the tax imposed. The SAED for the export of petrol, diesel and aviation fuel (ATF) is still at "nil." An official announcement states that the new prices will go into effect on July 16.

LIVE Stock Market Updates: Launching a QIP to Raise Up to Rs 6,688 Crore, Vedanta
The mining conglomerate Vedanta Ltd said on Monday, July 15, that the company's qualified institutional placement (QIP) has been approved, with ₹461.26 established as the floor price per equity share by the committee of directors.

Editor's Thoughts | Prashant Nair Discusses The Market

Greater gain yesterday compared to Friday, and PSU stocks rise
Powell: The perception that inflation is heading back towards its goal is "doing add somewhat" to inflation prints.
Powell made no mention of a live FOMC in July.
Powell avoided giving information about the rate decrease timeline.
Trump has officially named JD Vance as his vice presidential nominee.
Overnight, the equity markets saw gains; the Nasdaq added 0.42%, the UST 10-year yield increased by 4 basis points to 4.23%, and the Dollar Index remained unchanged at 104.26.
-0.2% to $84.84/bbl for Brent oil prices
The 20-day average for the Nifty is 24,049, a significant support level.
The Nifty's daily upper Bollinger band is at 24,791 Bank While still closing inside Friday's intraday range, the Nifty
Upsides will be confirmed if the high of 53,357 is broken.

Support for Bank Nifty on the decline is 51,750.


LIVE Stock Market Updates: Oil Steadies as Traders Eye China and the Dollar for Upcoming Cues
After falling for two days in calm summer trading, oil prices steadied as attention turned to the US currency and monetary policy.
Brent crude fell below $85 a barrel after down 0.6% over the previous two days, while West Texas Intermediate was nearly at $82. The US dollar rose after US presidential candidate Donald Trump was attempted to be assassinated on Monday, which hurt commodities like oil.

Stock market updates in real-time: While opening cautiously in Asia, Donald Trump increases US stock prices

Asian stocks witnessed minimal movement in early Tuesday trade, which followed Wall Street's gains driven by optimism for US President Donald Trump's reelection after he named his running mate.

Australia's market benchmarks remained the same, but those in Korea and Japan rose. Hong Kong stock futures pointed to a drop. US futures began to rise early on Tuesday as benchmarks increased and traders priced in a greater likelihood of a Trump victory following his assassination attempt.

Live Updates On The Stock Market: Will Nifty Bulls Continue To Break Through The Paradox And Hit 25,000?

One more day, one more record. The Nifty's daily rise to new highs, subsequent close to those highs, and eventual closing session with gains and another record closing level have all grown to resemble a sort of pattern. It was the same on Monday, the first day of this new, abbreviated week. The Nifty broke through 24,600, to a new high of 24,635, and closed above 24,550 even though it was trading in a 110-point range.