Technically, this market action signals formation of a bullish counterattack type candle pattern, which signals possible comeback of bulls after a small dip. Previously, a similar type of formation on 24th June has resulted in a sustainable upmove for the subsequent week
LIVE Updates | PNB approved one-time settlement proposal of PC Jeweller
Punjab National Bank has approved the company’s one-time settlement proposal to settle the outstanding dues. The conditions of the one-time settlement include the cash and equity components payable under the settlement, and the release of securities and mortgaged properties.
Sensex Today | BSE Oil & Gas index up 0.6%
BSE Oil & Gas Top Stock Gainers (Intra-day)
| Company | CMP | Chg(%) | Volume |
|---|---|---|---|
| Oil India | 505.90 | 3.34 | 322.12k |
| ONGC | 293.60 | 1.87 | 1.19m |
| IOC | 172.05 | 0.53 | 1.41m |
| Reliance | 3,196.20 | 0.51 | 94.93k |
| IGL | 522.35 | 0.05 | 93.92k |
Sensex Today | Stock Market LIVE Updates
- Consumption (i.e. retailer sales) in Q1 FY25 at ~Rs. 3,214 cr, up 25% over Q1 FY24.
- Gross Retail collections stood at ~Rs. 794 cr in Q1 FY25, up ~28% over Q1 FY24.
- Commercial Offices: Strong leasing traction seen in Q1 FY25, with gross leasing of ~1.51 lakh sq. ft. in the currently operational assets at Kurla, Mumbai and Vimannagar, Pune.
- Residential: Sales trajectory has seen good improvement backed by strong demand and faster conversions.
China stocks fall for fifth session as economic, geopolitical woes weigh
The market downturn occurred against the backdrop of a sluggish economic recovery, escalating geopolitical tensions, and growing foreign outflows.
FII, DII trading activity
Foreign institutional investors (FIIs) were net buyers in the cash segment for the third day in a row on Friday. They net purchased stocks worth Rs 1,241 crore on July 05. On the other hand, domestic institutional investors (DIIs) net sold shares to the tune of Rs 1,651 crore; marking the third straight day of net selling.
On the other hand, DIIs and retail investors index long-short ratio stood around 0.5:1; meaning nearly 2 index short positions for every long trade.
Rupak De, Senior Technical Analyst, LKP Securities
The last-hour spike, on Friday, the resilience of the bullish trend. This strength is likely to prevail in the market until it breaks below 24200 decisively. A fall below 24,200 might induce profit booking in the market.