Bajaj Housing Finance IPO worth ₹6,560 Crore is live!

So how does the India's 2nd largest housing finance company fare against its competitors?

Tap below to know more ?
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India stands as a global leader in pharmaceutical exports, supplying to highly regulated markets like the US, Japan, and Australia.

Curious about which companies are driving the Indian pharma sector. Let's dive in! ?
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*? Happy Tuesday Traders! ?**➡️* Discover the true meaning of bigger screen , bigger possibilities.

Global Market Buzz | June 25, 2024

?? US Market News:

▪️ Airbus shares fell 11% after it cut delivery targets and delayed jet production goals.

▪️ Microsoft hit with EU antitrust charge for linking Teams app with MS Office

? What to Watch Today:

▪️ Nasdaq aims to rebound from its worst day in two months, fueled by solid early gains from Nvidia.

? Fun Fact:

▪️ Since 1903, the New York Stock Exchange has marked the start of each trading day by ringing a bell, though a Chinese gong was originally used.

? Both NIFTY50 and Sensex reached all-time peaks 23,754 and 78,165 points respectively

? Financials led the strong performance, Axis Bank, ICICI Bank & HDFC Bank were the top contributors to the index gain

NIFTY: 23,721.3 ( ⬆️ 0.78%)
SENSEX: 78,053.5 (⬆️ 0.92%)

Garden Reach Shipbuilders & Engineers (⬆️ 11.01%) Hits all-time high with a $54 million international order

Axis Bank (⬆️ 3.53%) Sees a rally despite being dropped from Nomura's top banking picks, with a target price of ₹1,250

ICICI Bank (⬆️ 2.38%) Crosses $100 billion market cap, launching SmartLock for enhanced customer service

HDFC Asset Management Company (⬆️ 3.65%) HDFC Top 100 Fund shows a CAGR of 19% since inception, promising long-term growth

HDFC Bank (⬆️ 2.33%) Rallies 13% in June, with Bernstein's outperform rating and a target price of ₹2,100

Rail Vikas Nigam (?2.27%) Gains 125% YTD, backed by strong order inflows.

Bombay Burmah Trading Corporation (?3.54%) Surges 96% annually, despite medium-term revenue concerns

Prestige Estates Projects (?3.26%) Plans a major QIP to raise up to ₹5,000 crore

Tata Elxsi (?1.99%) Attracts investors with a Rs 70 per share dividend

Jubilant Foodworks (?1.9%) Sales up 23.61% YoY, signaling a bullish market stance

Global Market Buzz | June 24, 2024

?? US Market News:

▪️ Broadcom Reportedly in Talks With ByteDance to Build Advanced AI Chip

▪️ EU regulators stated that Apple violates the Digital Markets Act by preventing App Store customers from being directed to alternative options.

? What to Watch Today:

▪️ AI chipmaker Nvidia remains in the spotlight as shares have fallen 2.5% over the past five days, dropping from the record high reached on Thursday.

? Fun Fact:

▪️ Bombay Stock Exchange is the oldest exchange in Asia and has over 5000 companies listed.

? NIFTY and SENSEX hit new record highs intraday and gain in the last hour of trade

? Banking stocks were in focus as Bank Nifty hit record high of 51,900 points

NIFTY: 23,521.6 (?0.15%)
SENSEX: 77,337.59 (⬆️0.04%)

Delta Corp (⬆️ 11.46%) Jumps on GST Council's review hope, potentially easing online gaming tax woes

Chambal Fertilisers & Chemicals (⬆️ 6.68%) Climbs on GST removal speculation and urea growth forecast."

Zomato (⬆️ 5.24%) Rises on talks to acquire Paytm Insider, bolstering events space presence

HDFC Bank (⬆️ 3.11%) Leads Bank Nifty gains, with analysts bullish towards Rs 1,700 target

Axis Bank (⬆️ 2.92%) Gains on acquiring additional stake in Max Life Insurance

Mazagon Dock Shipbuilders (? 5.0%) Rides defence sector wave, eyes future growth

Hindustan Aeronautics (? 4%) Secures mega order for Light Combat Helicopters

Voltas (? 3.8%) Sees AC demand spike, but faces a sell rating from Goldman Sachs

Maruti Suzuki India (? 2.54%) Slides for the fifth session amid a bullish auto index

NVIDIA is now the most valuable company in the WORLD!
This comes amid the ongoing AI rally as NASDAQ nears 20% gains on AI theme.

What happened? ?

Nvidia's market cap soared to an astonishing $3.3 trillion, surpassing tech giants Microsoft and Apple.

This race for the top spot has seen Nvidia edge out its big-tech peers repeatedly.

Earlier in June '24, Nvidia surpassed Apple's market value for the first time since 2002.

The battle for dominance has been fierce. Apple and Microsoft also briefly took the lead.

? Microsoft is a major player in AI due to its investment in and partnership with OpenAI, the creators of ChatGPT

? Meanwhile, Apple recently appeased investors with its own AI plans, sparking a stock rally

This milestone is a clear indicator: AI is the future, and Nvidia is leading the charge!

Their popular chips power data centers and handle complex AI tasks, boosting sales by over 125% last year.

? Nvidia's surge has significantly increased CEO Jensen Huang's wealth, adding over $70 billion to his net worth this year alone.

? He's now one of the world's richest individuals, with a fortune of $115 billion

Investors and Huang believe Nvidia is more than just a chipmaker.

They’re selling systems- proprietary software and development ecosystem.

GPU chips are the new gold or oil in the tech sector, as the 4th Industrial Revolution unfolds.
Now it is to be seen who will win the race to a $4 Trillion Market Cap.

What do you think about this? Have you invested in Nvidia? ?

How did the US stock market perform yesterday? Let's find out ?

? S&P 500 rallies, best week since November, boosted by Microsoft and Alphabet earnings

? Alphabet's surge propels market value past $2 trillion for the first time

? Microsoft shares up 2% on strong demand for AI products, beating first-quarter earnings expectations

NYSE: 17,763.27 (⬆️0.18%)
S&P 500: 5,099.96 (⬆️1.02%)
Dow Jones: 38,239.66 (⬆️0.4%)

Snap Inc. (⬆️ 27.63%) Stock jumps 21% YoY in Q1 revenue, Snapchat+ hits 9 million users

Skechers (⬆️ 11.2%) Outpaces estimates, eyes $10 billion revenue by 2026 with international market focus

Google (Alphabet) (⬆️ 10.22%) Surges to all-time high with Q1 beats, $70 billion buyback, and first-ever dividend

Nvidia (⬆️ 6.18%) Earnings estimate up, Citadel increases stake, remains a top idea at Bank of America

Amazon (⬆️ 3.43%) Expected to beat earnings estimates, Citi raises target to $235, bullish on AI and cloud

Trinet Group (⬇️ 16.61%) Faces earnings miss but slightly exceeds revenue expectations

Boyd Gaming (⬇️ 15.44%) Stock dips after analyst downgrades, questioning future growth

Intel Corporation (⬇️ 9.2%) Struggles with Q2 forecast, facing stiff competition in tech

Cincinnati Financial (⬇️ 6.38%) Beats earnings estimate, showing resilience with 8.8% YoY revenue increase