Market At Close: Nifty, Sensex Settle Off Day’s High
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Broader Market Indices Marginally Outperformed Benchmark Indices.
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Nifty close the session higher, Falls nearly 300 points from high.
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Sensex close the session higher, Falls nearly 1000 points from high.
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Nifty Midcap 150 and Smallcap 250 gains for the 3rd day in a row.
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JM Financial and Usha Martin are the top gainer in Nifty smallcap 250, gains more than 7% for the day.
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Adani Ports and Jio Financial Services to gainer in Nifty.
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Nifty PSU Bank and Nifty Metal gained 1% each
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Nifty PSU Bank emerged as top performing sector, led by Union Bank of India and Canara Bank.
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All Sectoral indices end the session higher, barring Media, Defense and Oil and Gas.
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Nifty Pharma gains for the 3rd session in a row.
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Nifty Oil and Gas and Media snaps two day gaining streak.
Rupee Closes Stronger Against US Dollar
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Rupee closed 77 paise stronger against US dollar at 85.98
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It closed at 86.75 a dollar on Monday
Source: Bloomberg
Stock Market Live Update: HAL, Data Patterns, BEL Are Jefferies’ Top Picks
Jefferies remained constructive on India’s defence theme, citing a robust order book and strong earnings visibility over the next five years. Hindustan Aeronautics Ltd. and Data Patterns Ltd. are Jefferies’ top picks in the sector, followed by Bharat Electronics Ltd.
Read the full article here.
Stock Market Live Update: EcoBlue Starts Arbitration Proceedings Against Polyplex Corp
Polyplex Corporation has disclosed that a minority shareholder of its subsidiary, EcoBlue, has initiated arbitration proceedings against the parent company. The minority shareholder is claiming a consideration of approximately Rs 345 crore from Polyplex for their stake in EcoBlue, as per the exchange filing.
Stock Market Live Update: Concord Biotech’s Dholka Unit Gets EIR From US FDA
Concord Biotech has received an Establishment Inspection Report (EIR) from the US Food Drug Administration for the inspection conducted at its Dholka unit between April 28 and May 2.
Stock Market Live: Ambuja Cements Share Price Today
Ambuja Cements shares rise over 5.09% to Rs 562.80 on Tuesday. This comes as the company commissions 2.3 MTPA brownfield expansion of cement unit at West Bengal. Total Cement capacity now stands at 102.95 MTPA.
Stock Market Live Update: Bondada Engineering Hits Upper Circuit On Winning Rs 836 Crore Order
Bondada Engineering shares hit upper circuit on Tuesday after it gets letter of acceptance for Rs 836 crore order to set up battery energy storage systems from Tamil Nadu.
Stock Market Live Update: HCLTech In Strategic Partnership With AMD Forge
HCLTech has entered into a strategic partnership with AMD Forge to drive digital transformation through advanced AI solutions. This collaboration aims to leverage the strengths of both companies to innovate and enhance digital capabilities, as disclosed in an exchange filing.
Stock Market Live Update: Bajaj Consumer Appoints Naveen Pandey As MD
Bajaj Consumer has announced the appointment of Naveen Pandey as the new Managing Director for a term of five years, effective from July 1. This decision was disclosed in an exchange filing.
Stock Market Live: Delhivery Boosts Capacity With Chan
Delhivery boosted capacity with Chandigarh Gateway Hub Expansion, the company said in the exchange filing.
Stock Market Today: Nifty, Sensex Trade Near Day’s High
The NSE Nifty 50 was trading 1.22% higher at 25,284.45, and the BSE Sensex was trading 1.23% higher at 82,914.13 as of 11:42 a.m.
Bitcoin Extends Gains Following Trump’s Ceasefire Announcement
Bitcoin extended rally to second session as risk sentiment got a boost after US President Donald Trump announced a tentative ceasefire. However, Iran refuted such claims.
The Bitcoin rose 4.26% to 103,802.81 on Monday. As of 11:11 a.m., Bitcoin was trading 1.51% higher at 105.371.11.
Stock Market Live Update: Embassy REIT To Raise Rs 750 Crore Through NCDs
Embassy REIT has announced the issuance of Non-Convertible Debentures (NCDs) worth Rs 750 crore on a private placement basis. The proceeds from this issuance will be utilized for the repayment of existing debt, as per the exchange filing. Proceeds from the NCDs to be utilised for repayment of existing debt, the company said in the exchange filing.
Stock Market Live Update: Ugro Capital Promotes CRO To CEO
Ugro Capital Ltd. elevated Anuj Pandey, chief risk officer, to CEO effective July 1, the company said in the exchange filing.
IPO Update: Globe Civil Projects Subscribed 0.57 Times So Far On Day One
Globe Civil Projects IPO has been subscribed 0.57 times or 57% as of 10:42 a.m. on Tuesday.
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Qualified Institutions: nil
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Non-Institutional Buyers: 1.00 times
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Retail Investors: 0.82 times or 82%
Track live updates on IPOs here.
Stock Market Live Update: KPIT Technologies’ Share Price Declines
KPIT Technologies Ltd.’s share price dropped by over 5% on Tuesday. This decrease followed the company’s mid-quarter update, which highlighted ongoing uncertainties in the business environment.
Stock Market Live Update: Glenmark Pharma Launches Tevimbra
Glenmark Pharmaceuticals has announced the launch of Tevimbra in India, following approval from the Central Drugs Standard Control Organization (CDSCO). Tevimbra is an innovative immunotherapy drug designed to treat specific types of cancer, the company said in the exchange filing.
Stock Market Live Update: Poonawalla Fincorp Share Price Rises To Highest Level Since June 13
Poonawalla Fincorp share price advanced 2.13% to Rs 446.85 apiece, the highest level since June 13. It was trading 1.89% higher at Rs 445.8 apiece as of 9:49 a.m., as compared to 0.65% advance in the NSE Nifty 50 index.
Poonawalla Fincorp is no longer part of the Future and Option segments.
Morgan Stanley Raises Target Prices For SBI Life, HDFC AMC To ICICI Prudential Life Insurance
Morgan Stanley has increased the target prices for several non-banking financial companies, factoring in front-loaded rate cuts by the Reserve Bank of India, equity market movements into their earnings per share estimates and cost of equity assumptions.
Read the full article here.
Market Experts’ View: Reliance Securities Sees Upside Till 25,250
Sectoral Performance At Open: Nifty PSU Bank Leads Gains
On National Stock Exchange Ltd., 13 sectoral indices advanced, one decline, and one remained flat. The NSE Nifty PSU Bank was leading gains, while the NSE Nifty Defence declined the most.
Nifty Contributors At Open: HDFC Bank Supports Gains
HDFC Bank Ltd., ICICI Bank Ltd., Reliance Industries Ltd., Infosys Ltd., and Larsen & Toubro Ltd. added to the Nifty 50 index.
NTPC Ltd., Oil and Natural Gas Corp, Bharat Electronics Ltd. limited gains in the Nifty 50 index.
Stock Market Open: Nifty, Sensex Rebound As HDFC Bank Supports
The NSE Nifty 50 and BSE Sensex rebounded sharply from Tuesday’s lows as HDFC Bank and Larsen & Toubro Ltd. shares led. The Nifty 50 was trading 260.45 points or 1.04% higher at 25,232.35, and the Sensex was trading 882.26 points or 1.08% higher at 82,779.05.
Stock Market Today: Adani Group Stocks Advance Before Annual General Meeting
All stocks of Adani Group companies advanced in Tuesday’s session before annual general meeting, which scheduled at 10:30 a.m. Adani Ports And Special Economic Zone Ltd., and Adani Green Energy Ltd. were leading gains.
Track live updates on Adani Group Annual General Meeting here.
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Stock Market Today: Nifty, Sensex Rise At Pre-Open
At pre-open, the NSE Nifty 50 was trading 0.83% higher at 25,179.90, and the BSE Sensex was trading 0.78% higher at 82,534.61.
Yield On The 10-Year Bond Opens Flat
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The 10-year bond yield opened flat at 6.30%
Source: Cogencis
Rupee Opens Stronger Against US Dollar
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Rupee opened 64 paise stronger against US dollar at 86.11
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It closed at 86.75 a dollar on Monday.
Source: Cogencis
Stock Market Today: Acme Solar Commissions Additional Capacity In Bikaner Solar Project
Acme Solar Holdings Ltd. has successfully commissioned an additional 60 MW of its Bikaner solar project in Rajasthan through its subsidiary. With this new addition, the company’s total operational renewable energy capacity has now reached 2,890 MW. This milestone was announced in an exchange filing.
Stock Market Live: CLSA India Strategy
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Down but may not rebound soon
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All key asset classes have had a better return than Indian equities the last 12 months
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Equity inflows could come under pressure; performance begets flows
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Indian equity multiples remain elevated due to big cuts in the Nifty’s EPS estimates
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Combination of poor 12-month performance and elevated multiples along with a huge line-up of capital raising and IPOs may pressure equity inflows
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Getting sector rotation right may hold the key: IT may be back in favour
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Also like staples, real-estate, utilities, banks and energy in our India focus portfolio
Oil Prices Slide As Israel-Iran Tensions Appears To Be Decreasing Post Trumps’s Ceasefire Announcement
Oil prices continued to slide in Tuesday’s session as tensions between Israel and Iran continued to decrease after US President Donald Trump announced a ceasefire between Israel and Iran for 12 hours.
In Monday’s session Brent crude slumped 9.70% to $69.54 a barrel. As of 7:48 a.m., it was trading 2.11% down at $69 a barrel as of 7:49 a.m.
Asia Market Update: Nikkei 225 & Hang Seng Jumps Over 1% On Trump’s Ceasefire Announcement
Markets in Japan, China, Hong Kong, and Australia advanced on optimism that the war in the Middle-East may stop after US President Donald Trump announced a tentative ceasefire between Israel and Iran.
The Nikkei 225 and Hang Seng were trading 1.36% and 1.59% higher, respectively as of 7:27 a.m. Australia’s benchmark index S&P ASX was 1.11% higher.
US Market Update: Futures Trade Nearly 1% Higher As Trump Announces Ceasefire Among Israel and Iran
US Futures were trading nearly 1% higher Tuesday as sentiment improved after US President Donald Trump announced a ceasefire between Israel and Iran for 12 hours. However, Israel and Iran have not confirmed it.
The S&P 500 and Dow Jones Industrial Average were trading 0.96% and 0.89% higher, respectively. The Nasdaq 100 was 0.94% higher as of 7:21 a.m.
On Monday, US stocks ended higher as Iran’s missile attack on US military base is seen as symbolic rather than cue to intensify the conflict between Iran and Israel.
GIFT Nifty Implies Higher Open; Cochin Shipyard, L&T, Tata Motors Shares In Focus
The GIFT Nifty was trading 0.43% or 107 points higher at 25,157 as of 6:50 a.m., which implied a higher open for the NSE Nifty 50.
Traders may keep an eye on Cochin Shipyard Ltd., Larsen & Toubro Ltd., Tata Motors Ltd., and H.G. Infra Engineering Ltd. shares in Tuesday’s session.
The benchmark indices ended lower on Monday despite recovering from the sharp intraday lows that were triggered by the escalating geopolitical tensions.
The Nifty 50 closed 0.55% lower at 24,975.10, while the BSE Sensex ended 0.61% lower at 81,907.15.
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