Oil Prices Drop to Two-Month Low on China Demand Worries, Brent at $71/bbl: Market Updates July 30, 2024


Latest Market News Today Live Updates: Catch today’s market wrap-up! Track Nifty 50 and Sensex movements, along with top gainers and losers. See how Asian and US markets fared and which sectors led the charge (or declined). Summary: Follow Mint’s market blog for real-time updates on your favourite companies. This blog keeps you informed on all things Dalal Street and global markets.

The latest market news today brings updates on various sectors and companies, providing valuable insights for investors and traders. Here are some of the key highlights from today’s live updates:

  1. Commodity News: Oil prices hit a two-month low due to concerns about China’s demand, despite low US inventories. Brent crude is currently at $71 per barrel.

  2. IPO News: Kizi Apparels IPO was oversubscribed 4.58 times on the first day of subscription, showing strong investor interest in the ready-to-wear clothing manufacturer.

  3. Stock Markets: Adani Group raised $1 billion in a share sale via QIP, marking a significant transaction in India’s energy space.

  4. SEBI Crackdown: SEBI has suggested measures to improve F&O trading, including contract size to strike price for retail investors, aiming to enhance market transparency.

  5. Wall Street Update: US stocks saw gains amid earnings reports, with the Dow Jones, S&P 500, and Nasdaq all rising.

  6. Market Portfolio Rejig: The union Budget 2024 proposals have implications for various sectors, prompting stock market investors to review their financial strategies.

  7. Multibagger Stock: Vintron Informatics saw a remarkable surge of 9422% in its stock price over the last five years, making it a potential consideration for investors.

  8. Power Grid Corp: The company projects a capex guidance of over ₹2 lakh crore by 2032, leading to a 3% increase in its stock price.

  9. Nykaa Stock: Nykaa’s stock gained 9% on strong volumes, marking its biggest intraday jump since November, driven by projected revenue growth.

  10. NTPC Shares: NTPC shares rose 5% to hit a fresh record high after brokerages raised their target price, reflecting positive investor sentiment.

These updates provide a comprehensive view of the market movements, company performances, and sector trends, offering valuable information for market participants to make informed decisions. Stay tuned for more live updates on the latest market news.

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