Market Wrap-Up: Nifty 50 and Sensex Movements, Top Gainers and Losers, and Global Market Updates – 30 Jul 2024

The latest market news today is filled with updates on various stocks, IPOs, and market trends. Here are some of the key highlights:

1. Chris Wood of Jefferies has highlighted the weakening Chinese demand for gold in his latest Greed & Fear report, which could impact global markets.

2. GNFC share price has risen by 7.5% in the last 5 trading sessions, making it a technical pick of Prabhudas Lilladher with a 12% upside potential.

3. The Sensex and Nifty closed flat, with Tata Motors, NTPC, LTI Mindtree, and Cipla among the most active stocks.

4. Akums Drugs IPO has opened for subscription, with 10 key risks investors should know before investing in the issue.

5. Trom Industries IPO allotment will be finalized today, with bids received for 83.28 crore shares against 18.14 lakh available.

6. The power sector in India has huge potential, with Siemens Ltd, CG Power, KEC International, and Voltamp Transformers being recommended as stocks to consider.

7. HDFC Bank, ICICI Bank, and Axis Bank’s performance after Q1 results have been analyzed to determine which private bank stock to buy.

8. Colgate’s valuations have become richer after a top-class performance in Q1, with revenue growth expected to moderate ahead.

9. FIIs have shown interest in Mufin Green Finance stock, raising their stake from 0.11% to 0.49% in the April to June quarter.

10. Jamna Auto stock has seen a 440% rally in 4 years, with ICICI Securities recommending it as a buy due to the M&HCV sector’s recovery and growth drivers.

These updates provide a comprehensive view of the market movements, stock performances, and IPO activities, giving investors valuable insights into the current market scenario.