PNB Share Price Declines As Morgan Stanley, Citi Remain Bearish Post Q1 Update
Shares of Punjab National Bank Ltd. fell over 2% on Thursday as the bank received bearish stance from brokerages after it announced its first quarter business update. Morgan Stanley retained ‘underweight’ rating on the bank, while Citi Research has maintained a ‘sell’.
Stock Market Live: Nestle India Dividend: Last Day To Buy Shares To Qualify
Shares of Nestle Ltd. will be of interest on Thursday, as the day marks the last session for investors to buy shares to qualify for receiving the dividend before the stock goes ex/record-date.
Find more details here.
Stock Market Live Update: DMart Share Price Falls Nearly 4%
Avenue Supermarts Ltd. share price declined 3.80% to Rs 4225.00 apiece. The company is expected to report Rs 15,932.1 crore, up 16% Same-store sales.
Stock Market Live: Blue Cloud Introduces AI-Powered Healthcare Platform
Blue Cloud has launched an AI-powered healthcare platform, marking a significant expansion in the global digital health space. This initiative is detailed in their latest exchange filing.
Sectoral Indices At Open: Nifty IT Advances Most
On National Stock Exchange, 14 sectoral indices advanced, and one remained flat. The NSE Nifty IT advanced the most, and the NSE Nifty PSU Bank emerged as the worst performer.
Nifty Contributors: ICICI Bank, Infosys, & HDFC Bank Support
ICICI Bank Ltd., Infosys Ltd., HDFC Bank Ltd., Eternal Ltd., and Larsen & Toubro Ltd. added to the NSE Nifty 50 index.
Kotak Mahindra Bank Ltd., Reliance Industries Ltd., HDFC Life Insurance Co., Axis Bank Ltd., and Bajaj Finserv Ltd. limited gains in the NSE Nifty 50 index.
Stock Market Live Update: Nykaa Share Price Falls 4% As Promoter Looking To Offload Stakes
FSN E-Commerce Ventures Ltd. share price declined 4.77% to Rs 202.35 apiece. The share price declined as the Banga family is looking to sell a 2.1% stake worth Rs 1,198 crore via a block deal, according to the term sheet accessed by NDTV Profit.
Stock Market Today: Nifty, Sensex Rebound At Open
The NSE Nifty 50 and BSE Sensex rebounded at open on Thursday. The indices were trading 0.29% and 0.30% higher, respectively as of 9:21 a.m.
Stock Market Live Update: Alembic Pharma’s Arm Acquires US-Based Utility Theraputics.
Alembic Pharmaceuticals’ subsidiary has acquired the US-based Utility Therapeutics for approximately $12 million in a staggered payment structure. This acquisition will enable Alembic’s arm to market both an FDA-approved product and a product currently under development by Utility Therapeutics in the US market, as per the exchange filing.
Yield On The 10-Year Bond Opens Flat
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The 10-year bond yield opened flat at 6.34%
Source: Cogencis
Rupee Opens Stronger Against US Dollar
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Rupee opened 5 paise stronger against US Dollar at 85.65
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It closed at 85.70 a dollar on Wednesday.
Source: Bloomberg
NDTV Profit Exclusive: Govt Plans MTNL Asset Sale Without Auction For Govt Buyers
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Govt decides to do away with auction process for state & central entities
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MTNL assets to be offered at simple valuation to govt buyers
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Move aimed at cutting down lengthy bidding & valuation process, which often takes months
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Initial valuation of some MTNL assets pegged at ₹6,000–7,000 crore
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Framework for private buyers still under consultation
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MTNL asset monetisation to be done in phases to help repay mounting debt
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Valuation surveys underway in Delhi & Mumbai to speed u
IL&FS Moves NCLT To Scrap Brookfield’s Rs 1,080 Crore Bid For Headquarters In BKC
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Bid required Brookfield to maintain performance guarantees till a definitive agreement was closed
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Brookfield (Chronos Properties) failed to renew performance guarantee in April
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IL&FS seeks to remove Brookfield as successful bidder for BKC headquarters
Oil Prices Reverse Gains As US-Vietnam Trade Deal Raises Hope For More Such Deal Before July 9
Oil prices reversed gains as the US-Vietnam trade deal boosted optimism for more such deals before the tariff deadline July 9 draws closer.
Brent crude was trading 0.78% down at $68.57 a barrel as of 7:34 a.m. The prices settled at 2.98% higher at $69.11 a barrel.
Asia Market Update: Markets In Vietnam Advances As Trump Announces Trade Deal
Markets in Vietnam was trading higher as the US President Donald Trump announced a trade deal with Vietnam. The US will impose 20% import duty on goods from Vietnam while the South-Asian country will impose 0% tariff on US goods.
Ho Chi Minh index was trading 0.49% higher as of 7:27 a.m.
In rest of the Asia-Pacific, markets were trading on a mixed note as traders await US jobs report for more clarity on the labour market of the world’s largest economy.
US Market Update: US Futures Trade Slightly Higher
US Futures were trading slightly higher as expectation of a rate cut increased, while traders await more detail on US and Vietnam trade deal. Private jobs data showed that number of private jobs in the US declined against an expectation of a rise.
The S&P 500 and Dow Jones Industrial Average were trading 0.04% and 0.03% higher, respectively. The Nasdaq 100 future was trading 0.06% higher as of 7:21 a.m.
GIFT Nifty Implies Tepid Open; Nykaa, DMart, Hindustan Zinc Shares In Focus
The GIFT Nifty was trading 0.04% or 9.50 points higher at 25,566.00 as of 6:51 a.m., which implied a flat start for the Nifty 50 with a positive bias.
FSN E-Commerce Ventures Ltd., Avenue Supermarts Ltd., Hindustan Zinc Ltd., Baazar Style Retail Ltd., and Punjab National Bank share prices in focus.
Indian benchmark equity indices closed lower on Wednesday, dragged by share prices of HDFC Bank Ltd. and Larsen & Toubro Ltd.
The NSE Nifty 50 ended 88 points or 0.35% lower at 25,453.40, while the BSE Sensex closed 287.60 points or 0.34% down at 83,409.69.
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