Stock market LIVE: Mid, SmallCap indices slip 1% each; Zee slumps 8%, Trent 5% | News on Markets

Wipro, one of the leading India information technology company is set to report its first quarter financial results for the fiscal year 2024-25 (Q1FY25) on Friday, July 19.

The IT major is expected to see a tepid June quarter with revenues estimated to slide on a year on year basis and net profits seeing a marginal rise. That apart, analysts say that there are some positives, too, for Wipro who is seeing continued cost controls and a strong deal pipeline. Read more

Shares of Just Dial hit a 9-year high at Rs 1,189.95, zooming 15 per cent on heavy volumes after the company reported a strong 69 per cent year-on-year (YoY) jump in its net profit at Rs 141.2 crore for the first quarter of fiscal 2025 (Q1FY25). India’s leading local search engine company had posted net profit of Rs 83.4 crore in the same quarter last fiscal.

The stock surpassed its previous high of Rs 1,162.65 touched on April 30, 2024. It was quoting at its highest level since July 2015. The stock had hit a record high of Rs 1,894.70 on August 5, 2014. Read more

Paint industry behemoth Asian Paints reported a weak set of numbers in the June quarter of financial year 2025 (Q1FY25). Asian Paints missed Street estimates due to adverse conditions such as a heatwave and elections impacting demand, analysts noted.

According to reports, most of the international brokerages have slashed their target prices for Asian Paints stock following the weak performance in Q1FY25. Read more

Equity markets have been on a roll post the re-election of Narendra Modi-led National Democratic Alliance (NDA) to power in the national elections in June 2024. The Sensex and Nifty have scaled record high levels, and are up around 15 per cent from the panic low hit on June 04, 2024.

One of key factors driving the market rally has been expectations of reforms continuity by the government and strong economic growth. Read more

Stock market impact from Donald Trump policies: From higher import tariffs, trade restrictions with China, possible scrapping of Joe Biden’s policies on renewable energy and electric vehicles (EVs), Donald Trump, according to reports, has made his intent clear on what he plans to do in case he gets elected to the White House later this year.

As a sign of continuity at the US Federal Reserve (US Fed), however, Trump, reports suggest, wants Jerome Powell to continue till his term ends. Read more