Market Updates and Live News: July 18, 2024 – Latest Market News Today Live Updates

Today’s market wrap-up brings a mix of news from various sectors, including commodities, IPOs, cryptocurrencies, and stock markets. Here are some highlights:

1. Commodity News: Oil prices stabilized as signs of economic slowdown clashed with hopes for Fed rate cuts. Brent crude was at $85.09 a barrel, while U.S. West Texas Intermediate crude increased to $82.91. Both benchmarks had recorded gains in the previous session.

2. IPO News: Sanstar IPO, an Ahmedabad-based firm, garnered ₹153 crore from anchor investors ahead of its public issue. The company allocated 1,61,10,000 equity shares at ₹95 per share to anchor investors.

3. Cryptocurrency News: Various crypto scams and hacks across the globe, including the WazirX breach, shook investors. The WazirX hacker reportedly sold stolen tokens worth $100 million in shiba inu and $52 million in ethereum.

4. Stock Market Recommendations: Chandan Taparia recommended buying three stocks – Marico, ICICI Bank, TCS – as they are technically placed to see a decent upmove.

5. Market Milestones: Nifty IT index hit the 40,000 milestone for the first time, gaining 2.10%. The Sensex gained 626.91 points, or 0.78%, to settle at 80716.55, while the Nifty gained 187.85 points, or 0.76%, to close at 24613.0.

6. Market Valuation: The debate continues on whether market valuations are fair or too high, with concerns about rapid increases in stock prices and high valuations.

7. Top Stock Recommendations: Osho Krishan of Angel One suggested buying Life Insurance Corporation of India and Torrent Power Ltd.

These updates provide a snapshot of the latest market movements and trends across various sectors. Stay tuned for more real-time updates on your favorite companies and market trends.