Nifty faces 24,600 hurdle; Sensex eyes 81,500 in August, say tech analysts
INDIA MARKET | Fri, 31 Jul 2026, 8:33AM IST
Technical analysts flag that Nifty ranged between 23,600-24,600 after the initial rally in FY27; however, select momentum indicators show improvement for the BSE, NSE benchmark indices on charts.
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Top India fund manager favours banks, power as oil risks loom
INDIA MARKET | Fri, 31 Jul 2026, 8:32AM IST
Sankaran Naren, CIO of ICICI Prudential Asset Management, remains bullish on banks, power utilities, oil refiners and pharmaceuticals, citing attractive valuations and improving earnings despite global uncertainties. He cautioned that a sharp rise in crude oil prices could weigh on market valuations even as corporate profits recover.
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Balkrishna Industries among 4 stocks showing bullish RSI upswing
INDIA MARKET | Fri, 31 Jul 2026, 8:28AM IST
Four stocks in the Nifty500 pack that gained over 2% featured in the RSI Trending Up scan on July 30 after showing improving momentum. The RSI moved above the 50 mark from lower levels, signalling strengthening price action, improving sentiment and potential short-term buying opportunities for traders tracking bullish technical setups.
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Oil extends fall to $88 amid Iran war
INDIA NEWS | Fri, 31 Jul 2026, 8:16AM IST
Oil prices extended losses on Friday as investors assessed Saudi Arabia's proposal to lead a multinational maritime defense coalition aimed at bolstering security along key Red Sea shipping routes.Saudi Arabia is seeking to spearhead a coalition to enhance defense cooperation in the Bab El-Mandeb Strait, the Red Sea and the Gulf of Aden. The Saudi defense ministry said 14 countries, including Turkey, Pakistan, Egypt, Sudan and Djibouti, had issued a joint statement backing the proposed maritime security alliance.Brent crude prices traded at $88, down 1.16% or $1.03 per barrel, while US West Texas dipped over 2% to $81.70 per barrel. In the previous session, Brent crude settled down $1.71, or 1.88%, at $89.03 a barrel, although prices fluctuated sharply during the session.Also read: Oil crosses $100: A 'perfect hurricane' can trigger bigger shock soonThe benchmark briefly climbed to an intraday high of $93.31 after Washington and Tehran exchanged strikes on each other's military targets once again. U.S. West Texas Intermediate crude futures fell 87 cents, or 1.03%, to settle at $83.59 a barrel after touching a session high of $85.94.Tensions remain highThe latest developments came after Iran-backed Houthi militants in Yemen announced a naval blockade on Saudi Arabia last week, threatening shipping through the Red Sea, a crucial route for Saudi oil exports and an alternative to the largely blockaded Strait of Hormuz.Meanwhile, Iran and Oman continued discussions on the management of the Strait of Hormuz, according to the Iranian Labour News Agency. However, on Wednesday, a senior Iranian official said Tehran had rejected Oman's proposal for regional joint management of the strategic waterway.The Strait of Hormuz, through which around one-fifth of global oil and liquefied natural gas flows normally pass, has remained a key focus for energy markets since the United States and Israel launched the war on Iran on February 28.In another development, Egypt confirmed on Thursday that a drone strike caused the fire aboard two gas vessels at the Mediterranean port of Damietta, ruling out the possibility of an accidental blaze. The confirmation followed an earlier assessment by British maritime security firm Ambrey, which said on Wednesday that a drone had struck a U.S.-owned gas storage tanker docked at the port, raising fresh concerns that the conflict in the Middle East could spread further, Reuters reported.The U.S. military said it had struck dozens of Islamic Revolutionary Guard Corps targets in Iran in response to Tehran's ballistic missile attacks on U.S. forces in the Middle East. The U.S. military also said no American aircraft were destroyed or damaged in the recent attempted Iranian attacks, rejecting a claim it said was made by Iran's Revolutionary Guards that three U.S. F-35 fighter jets and three other aircraft had been destroyed.Where are prices headed?The direction of oil prices will depend heavily on how long the disruption lasts. JPMorgan estimates that every additional month of supply disruption could add around $7 to $8 a barrel to Brent prices. A three-month disruption could push monthly average Brent prices to about $114 a barrel.Goldman Sachs has similarly warned that Brent could climb to $120 a barrel if shipping disruptions through the Strait of Hormuz, the world's most important oil transit route, continue. Its base case is still that tensions in the Middle East will eventually ease.Under that scenario, Goldman Sachs expects Brent to average $80 a barrel in the fourth quarter and $75 next year. However, the bank said the risks to those forecasts remain "tilted to the upside", pointing to the possibility that shipping disruptions could persist through both the Strait of Hormuz and the Red Sea.Anindya Banerjee, Head of Commodity Research at Kotak Securities, said geopolitical developments were once again driving crude oil prices. "Any strike on major Gulf export infrastructure could force a retest of $95-100 and beyond," he said.Read more:Indian refiners scout new crude sources as Gulf risks riseAccording to Banerjee, the market has shifted its focus from the military action itself to the declining chances of a diplomatic breakthrough. Tehran has set new conditions for restarting negotiations, he said, while successive developments have delayed the return of normal tanker traffic through the Strait of Hormuz. Shipping activity through the waterway remains well below pre-war levels.Tanker traffic through the Strait of Hormuz is still far below normal, keeping the underlying supply risk in place despite the easing of immediate price pressure.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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Oil Price Today (July 31): Crude oil extends fall to $88. Whats behind the decline amid Iran war?
INDIA COMMODITIES | Fri, 31 Jul 2026, 8:16AM IST
Saudi Arabia is seeking to spearhead a coalition to enhance defense cooperation in the Bab El-Mandeb Strait, the Red Sea and the Gulf of Aden. The Saudi defense ministry said 14 countries, including Turkey, Pakistan, Egypt, Sudan and Djibouti, had issued a joint statement backing the proposed maritime security alliance.
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Asian markets rally as AI stocks rebound, Kospi surges more than 15%
INDIA MARKET | Fri, 31 Jul 2026, 8:16AM IST
South Korea's Kospi index jumped more than 15 per cent on Friday, tracking Wall Street gains, as artificial intelligence-related stocks bounced back after losses this week.
US futures edged higher, and oil prices rose.
In early Asian trading, the Kospi rose 15.3 per cent to 6,447.10. Shares of South Korean technology giant Samsung Electronics surged 21.5 per cent, while memory chipmaker SK Hynix soared 25.6 per cent.
The Kospi index had plummeted more than 16 per cent on Tuesday and Wednesday on a sell-off of technology stocks in part over worries about an AI bubble and rising intensive competition from chipmaking rivals in China.
Tokyo's Nikkei 225 also climbed 5 per cent in early Friday trading. Multinational investment holding company and OpenAI-investor SoftBank Group jumped 14.7 per cent, while chip equipment maker Tokyo Electron rose 9.3 per cent.
Oil prices traded higher on tensions between the US and Iran, and as the Strait of Hormuz, a key waterway for oil transport, rema
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Tech blitz! Nifty IT logs best monthly gain in 6 years. Is the worst over?
INDIA MARKET | Fri, 31 Jul 2026, 8:15AM IST
The Nifty IT pack rebounded with an 18.4 per cent rise this month. Before this, Nifty IT's best show was in June 2020 when it rose 22.5 per cent.
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Sensex, Nifty gain 2% in July led by IT; 50% of BSE 500 stocks underperform
INDIA MARKET | Fri, 31 Jul 2026, 8:09AM IST
Among sectoral indices, the BSE IT surged 16% followed by Consumer Durables (9%), Realty (8%) and Auto (6%). On the flip side, Capital Goods and Power indices declined 7% and 6%, respectively.
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Stocks to Watch today: Tata Steel, ITC, Sun Pharma, Swiggy, IOCL, IRFC
INDIA MARKET | Fri, 31 Jul 2026, 8:07AM IST
Stocks to watch today: Tata Steel, Tata Power, ITC, Sun Pharma, Swiggy, IOCL, IRFC, Maruti Suzuki, Bajaj Finance, JBM Auto, LIC Housing Finance, Hyundai Motor, among others, will be in focus today
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Refex Industries bags Rs 23-cr ash transportation contract
INDIA MARKET | Fri, 31 Jul 2026, 8:04AM IST
Refex Industries said it has secured a rate contract worth around Rs 22.75 crore from a Maharatna Central Public Sector Enterprise (CPSE) for the transportation of ash to road construction sites.
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Stock Market LIVE: GIFT Nifty signals positive open; Kospi surges record 15% tracking AI rally
INDIA MARKET | Fri, 31 Jul 2026, 8:01AM IST
Sensex Today | Stock Market LIVE Updates Friday: The GIFT Nifty indicated a positive open for the Nifty50 index. Overnight rise in Wall Street AI shares lifted Asian indices to record gains
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INDIA MARKET | Fri, 31 Jul 2026, 7:59AM IST
By the end of Day 2, the IPO had received 45% overall subscription against the 9 crore shares on offer. The retail investor quota was also subscribed 45%, with bids placed for 1.64 crore shares reserved for the segment.
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South Koreas Kospi rockets 17% after massive 3-day selloff. Whats behind the surge?
INDIA MARKET | Fri, 31 Jul 2026, 7:53AM IST
The KOSPI was up 17% at 6,549 points after tumbling nearly 17% over the previous three sessions, marking one of its steepest weekly declines, as fears of mounting competition from Chinese memory chipmakers triggered heavy selling across semiconductor stocks.
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Gold can hit $5500 by year-end; invest in a staggered manner: MOFSL
INDIA MARKET | Fri, 31 Jul 2026, 7:51AM IST
Even if silver performs, we believe the weightage for gold could be higher in one's portfolio, said Manav Modi of MOFSL.
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F&O strategy: Nandish Shah recommends Bull Spread on Nifty; check details
INDIA MARKET | Fri, 31 Jul 2026, 7:46AM IST
FIIs' long-to-short ratio in the Index futures is placed at an oversold level of 0.10, suggesting a higher possibility of short covering from their side in the days to come.
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Anthropic AI models hacked 3 organizations during cybersecurity tests
INDIA MARKET | Fri, 31 Jul 2026, 7:46AM IST
Anthropic said in a blog post Thursday that it made the discovery after performing a review of its own cybersecurity tests, following OpenAI's announcement of a breach
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Trump weighs $100,000 fee for foreign students to work after graduation
INDIA MARKET | Fri, 31 Jul 2026, 7:46AM IST
If implemented, the fee would put a popular post-graduate visa extension out of reach for many students
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Largecaps look more attractive after midcap, smallcap rally: HDFC AMCs Rahul Baijal
INDIA MARKET | Fri, 31 Jul 2026, 7:41AM IST
At current levels, largecap category remains more attractive on relative valuations, in my view. The broader market indices (both midcap 150 and small cap 250) have seen a positive rally CYTD, and the headline indices are trading at a premium vs their long-term history, but the premium has significantly moderated from the highs of September 2024 levels. In the current environment, a bottom-up stock selection approach across the market cap curve is likely to be rewarded well, with quality blue chips offering a more favourable combination of earnings visibility, governance, and relative valuation comfort.
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OnePlus N6x Launch Today: Expected Price, Battery, Specifications, Colours & More
INDIA MARKET | Fri, 31 Jul 2026, 7:39AM IST
One of the biggest highlights of the OnePlus N6x is its 7,000mAh battery.
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Bhiwandi building collapse kills one
INDIA NEWS | Fri, 31 Jul 2026, 7:38AM IST
At least one person was killed and seven to eight others are feared trapped after a four-storey residential building collapsed in Maharashtra's Bhiwandi late on Thursday night, prompting a large-scale rescue operation involving multiple agencies.A portion of the Kohinoor Building in Balaji Nagar, a locality in the powerloom town of Bhiwandi, caved in around 11.30 pm, officials said.Also Read: Delhi: Three-storey building tilts; disaster management teams, police reach spot, in Delhi's Rohini Sector 16Rescue teams recovered one body from the debris and pulled out an injured boy, who was rushed to a nearby hospital."Bhiwandi-Nizampur Municipal Corporation Fire Officer Vijay Jadhav told PTI that a body was removed from the rubble, and an injured boy was rescued and rushed to a nearby hospital."Authorities said seven to eight people are believed to remain trapped under the rubble as search and rescue operations continue.The building comprised 48 rooms, with 12 on each of its four floors. According to municipal officials, it had already been declared dangerous by the civic body, and repair work was underway when the collapse occurred.Also Read: Saket building collapse: Inquiry finds Municipal Corporation of Delhi responsible, fabricated records to mislead probeEarlier in the evening, around 9 pm, residents reportedly heard "loud cracking sounds" coming from the structure."Fearing the worst, locals immediately helped evacuate many families to other locations. However, while some occupants were still making their way out, the 'B' wing of the building caved in," an official said.A major rescue effort is underway at the site, with personnel from the National Disaster Response Force (NDRF), Thane Disaster Response Force and the local fire brigade deployed. A dog squad, four fire engines, two ambulances and heavy earth-moving machinery have also been pressed into service to search for survivors.
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$100,000 To Work After US Degree? Trump Admin Considers Fee For Foreign Students: Report
INDIA MARKET | Fri, 31 Jul 2026, 7:36AM IST
The fee is understood to be tied to the Optional Practical Training (OPT) scheme.
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Stock Market Live Updates: Sensex, Nifty Seen To Open Higher Amid Global Rally; Brent Crude At $86
INDIA MARKET | Fri, 31 Jul 2026, 7:36AM IST
Sensex, Nifty set for a gap-up open as GIFT Nifty rises and Wall Street rallies on Microsoft earnings. Track live market updates here on NDTV Profit's stock market live blog.
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Sensex, Nifty in August: Will bulls repeat history? 11-yr data decoded
INDIA MARKET | Fri, 31 Jul 2026, 7:35AM IST
In the last 11 years, the Sensex has ended August higher 6 times, with an average gain of 3.42 per cent, and lower 5 times, with an average decline of 2.71 per cent.
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Positive Breakout: These 10 stocks cross above their 200 DMAs
INDIA MARKET | Fri, 31 Jul 2026, 7:34AM IST
As long as the stock is priced above the 200-day SMA on the daily timeframe, it is generally considered to be in an overall uptrend.
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INDIA MARKET | Fri, 31 Jul 2026, 7:31AM IST
While large-cap stocks have lagged their mid- and small-cap peers in recent months, valuation comfort is gradually returning, making asset allocation more important than ever.
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Thane: Four-Storey Building Partially Collapses In Bhiwandi, Several People Feared Trapped
INDIA MARKET | Fri, 31 Jul 2026, 7:31AM IST
The collapse has raised serious questions over safety compliance.
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INDIA MARKET | Fri, 31 Jul 2026, 7:28AM IST
Dividend Record Date: Last Day To Buy Shares To Qualify
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INDIA MARKET | Fri, 31 Jul 2026, 7:28AM IST
We have collated a list of recommendations from top brokerage firms from ETNow and other sources.
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Battery Startup Raises $550 Million Amid Data-Center Boom
INDIA MARKET | Fri, 31 Jul 2026, 7:25AM IST
The Series C funding, co-led earlier this month by Eclipse and G2 Venture Partners, will allow Antora to build a second factory to produce its modular batteries for pairing with renewables or grid power.
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Gold Rate Today: Check 24K, 22K Gold Prices In Mumbai, Delhi, Chennai, Kolkata, Bengaluru On July 31
INDIA MARKET | Fri, 31 Jul 2026, 7:21AM IST
Chennai reported the highest gold and silver prices today.
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Gold on track to end four-month slump as investors weigh Fed signals
INDIA COMMODITIES | Fri, 31 Jul 2026, 7:18AM IST
Gold prices are poised for their first monthly gain in five months. Investors are assessing the impact of the U.S.-Iran conflict on global markets. The Federal Reserve's signals are being parsed for clues on inflation and interest rates. Global gold demand remained steady year-on-year as central banks increased purchases. Other precious metals like silver, platinum, and palladium saw mixed movements.
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Yen weakens after intervention-led surge ahead of BOJ policy decision
INDIA CURRENCY | Fri, 31 Jul 2026, 7:16AM IST
The Japanese yen faced renewed pressure after Tokyo intervened in currency markets. The dollar gained as traders questioned the US Federal Reserve's inflation stance. Japan conducted yen-buying intervention, pulling the currency from four-decade lows. The Bank of Japan is expected to keep interest rates steady at one percent. Analysts anticipate the BOJ will raise rates again by year-end.
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South Koreas Kospi index jumps more than 16% on a surge of chipmaking stocks
INDIA MARKET | Fri, 31 Jul 2026, 7:13AM IST
South Korea's Kospi index saw a significant jump, mirroring Wall Street's positive performance. AI-related stocks experienced a strong rebound after recent declines earlier in the week. Japanese markets also climbed, with technology and investment firms showing gains. Oil prices increased due to ongoing tensions and a closed key shipping route. Major US indices closed higher on Thursday, indicating a positive market sentiment.
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South Korea's Kospi index jumps more than 15 pc on a surge of chipmaking stocks
INDIA MARKET | Fri, 31 Jul 2026, 7:13AM IST
South Korea's Kospi index saw a significant jump, mirroring Wall Street's positive performance. AI-related stocks experienced a strong rebound after recent declines earlier in the week. Japanese markets also climbed, with technology and investment firms showing gains. Oil prices increased due to ongoing tensions and a closed key shipping route. Major US indices closed higher on Thursday, indicating a positive market sentiment.
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1h
Amazon, Microsoft Double Down On AI Spending, Easing Chip Sector Concerns
INDIA MARKET | Fri, 31 Jul 2026, 7:13AM IST
Amazon, Microsoft Double Down On AI Spending
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Five Stocks To Buy: Bharti Airtel, Zee Entertainment, Hindalco And More | July 31, 2026
INDIA MARKET | Fri, 31 Jul 2026, 7:12AM IST
Top picks for Friday, July 31 include Bharti Airtel, Ather Energy, Zee Entertainment Enterprises, Havells India and Hindalco.
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Asian Markets Rally As Kospi Soars 16%, Nikkei Jumps On AI-Led Chip Rebound Ahead Of BOJ Verdict
INDIA MARKET | Fri, 31 Jul 2026, 7:11AM IST
South Korea's Kospi soared more than 16%, rebounding sharply after a three-day rout, while Japan's Nikkei 225 jumped over 6%. Australia's S&P/ASX 200 gained 0.89%, lifting the broader MSCI Asia Pacific Index higher.
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SIP Calculator: Here's How Long A Rs 30,000 Monthly SIP Takes To Start Generating Rs 50 Lakh
INDIA MARKET | Fri, 31 Jul 2026, 7:06AM IST
Over time, the compounded gains contribute more to portfolio growth than fresh monthly investments.
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INDIA MARKET | Fri, 31 Jul 2026, 7:00AM IST
Here's a look at stocks that are likely to be in focus during the trading session on Friday.
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Coal mine blast in Pak kills at least 32
INDIA NEWS | Fri, 31 Jul 2026, 6:48AM IST
Quetta: An explosion inside a coal mine in southwest Pakistan killed at least 32 miners and trapped 10 others underground in what officials believed to be life-threatening conditions as rescuers raced to reach them.The blast on Thursday was apparently triggered by a buildup of methane gas and occurred on the outskirts of the Baluchistan provincial capital of Quetta, said government mine inspector Ghani Baloch.Also read: 11 officers and 15 attackers dead during raid on a Pakistani police postThe bodies of seven people were recovered hours after the blast, and emergency responders later found 25 more bodies, officials and a provincial disaster management agency said in a statement. It said the search and rescue operation was continuing, with rescue teams working to locate and recover the remaining trapped miners.Baloch said rescue operations would continue until all the trapped miners were found, but he added that officials believed the death toll likely would rise further."The chances of finding anyone alive diminish after methane gas explosions because oxygen levels drop to zero, and rescuers are also proceeding cautiously inside the mine," Baloch said.Authorities were handing over the bodies to their families for burial, while relatives of those still trapped waited anxiously for news, Baloch said.Baluchistan's Minister for Mines and Minerals Shoaib Nosherwani said the rescue teams were working under extremely difficult conditions.Nosherwani expressed condolences to relatives of the victims and said the provincial government would pay compensation of 500,000 Pakistani rupees (about USD 1,800) to the family of each miner killed in the blast.He said authorities would conduct a thorough investigation into the cause of the explosion, and would review mining safety measures.A coal miners' labour union said it suspected negligence led to the explosion and called for action against those responsible. In a statement, the Pakistan Central Mines Labour Federation urged the government to strictly enforce safety regulations and take tough action against companies that violate mine safety laws.Deadly accidents are common in Pakistan's coal mining industry, particularly in Baluchistan, where many mines lack adequate ventilation, gas monitoring systems and other basic safety measures.Mine workers and labour groups have long accused mine owners of failing to enforce safety regulations or provide adequate protective equipment.Despite the risks and low wages, thousands of miners depend on the coal industry for their livelihoods in Baluchistan, Pakistan's largest but least developed province, where unemployment and poverty remain widespread.
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