Stock Market Today: Deepak Builders Get LoI For Rs 121 Crore Project From HSIIDC Industrial Estate
Deepak Builders is pleased to announce that it has received a letter of acceptance for a significant project valued at Rs 121 crore from the Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) for the development of the Industrial Estate in Karnal.
Stock Market Today: Nifty Bank & Nifty Finance Hit Record High
The NSE Nifty Bank index rose 0.80% to a record high of 57,076.95. The NSE Nifty Financial Services rose 1.09% to a record high of 27,144.4.
Stock Market Live Update: Cummins India Introduces Battery Energy Storage Systems To Support India’s Clean Energy Transition
Cummins India has announced the launch of a new line of Battery Energy Storage Systems (BESS) aimed at bolstering India’s clean energy transition.
Stock Market Live Update: Platinum Jumps to Highest Since 2014
Platinum rose to its highest level since 2014 due to strong demand from Chinese jewelry buyers who prefer it over gold, reported Bloomberg.
Palladium also surged, with its price linked to platinum’s, as they can be substituted for each other in autocatalysts depending on relative prices.
One Mobikwik Share Price Recovers After Declining Over 6%
Shares of One Mobikwik Systems Ltd. recovered after declining over 6% on Thursday, after multiple block deals.
Shares of One Mobikwik Systems declined as much as 6.43% to Rs 229.75 apiece
Stock Market Live Update: Nestle India Share Price Advances As Board Approves 1:1 Bonus
Shares of Nestle India Ltd. rose on Thursday after the board approved a bonus issue in a meeting. This will be the first ever issue by the FMCG giant.
The company approved a bonus issue of equity shares in 1:1 ratio. The record date for the bonus will be announced in due course, the company said in an exchange filing. The Maggie maker added that the bonus is to be credited within two months of approval by the board of directors, that is, on or before Aug. 25
Stock Market Live Update: IndiGo Gets ‘Buy’ Initiation From B&K Securities On Long-Term Growth Trajectory
B&K Securities has initiated coverage on InterGlobe Aviation Ltd. with a ‘buy’ rating and a target price of Rs 7,256 per share, implying an upside potential of 28.7% from current levels. The brokerage values the stock at 26 times FY27E EPS, reflecting strong earnings visibility and market leadership in a structurally growing industry.
Read the full article here.
IPO Update: Primary Market To See Six Offerings Today
Six new mainboard offerings will hit the market today. The street will see Indogulf Cropsciences Ltd. IPO opening today.
HDB Financial Services Ltd. and Sambhv Steel Tubes Ltd. will have their second day of bidding, while Globe Civil Projects Ltd., Kalpataru Ltd. and Ellenbarrie Industrial Gases Ltd. will open for bidding for the last day.
Track live update on IPOs here with NDTV Profit
Stock Market Today: Nestle India Share Price Rises Ahead Of Board Meeting On Bonus Shares
Nestle India Ltd.’s share price rose 1.63% after the company announced that its board of directors will convene on June 26, to discuss and potentially approve the issuance of bonus shares, as per an exchange filing on Thursday.
Read the full article here.
Sectoral Performance At Open: Nifty Defence Outperforms Sectoral Indices
On NSE, 13 sectoral indices advanced, one declined, and one remained flat out of 15.
Nifty Contribution: Bharti Airtel, BEL, HDFC Bank Shares Lead
Bharti Airtel Ltd., Bharat Electronics Ltd., HDFC Bank Ltd., Infosys Ltd., and Eternal Ltd. added to the Nifty 50 index.
Kotak Mahindra Bank Ltd., ICICI Bank Ltd., Dr. Reddy’s Laboratories Ltd., Reliance Industries Ltd., and Tech Mahindra Ltd. weighed on the Nifty 50 index.
Stock Market Today: Nifty, Sensex Open Slightly Higher Thursday
The NSE Nifty 50 and BSE Sensex opened slightly higher on Wednesday tracking a gain in Bharti Airtel Ltd. and Bharat Electronics Ltd.
Stock Market Today: Nifty, Sensex Trade Slightly Higher At Pre-Open
At pre-open, the NSE Nifty was trading 0.10% higher at 25,268.95, and the BSE Sensex was trading 0.15% higher at 82,882.92.
Yield On The 10-Year Bond Opens Flat
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The 10-year bond yield opened flat at 6.36%
Source: Bloomberg
Rupee Opens Stronger Against US Dollar
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Rupee opened 17 paise stronger against US dollar at 85.92
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It closed at 86.09 a dollar on Wednesday.
Source: Congencis
Stock Market Live: Bajaj Finserve, Allied Blenders, Cipla In Focus As It’s The Last Day To Buy Stocks To Get Dividend
Allied Blenders And Distillers Ltd., Bajaj Finserv Ltd., Bajaj Holding, Cipla, HDFC Bank Ltd., Maharashtra Scooters, and Welspun Living shares will be in focus as it’s the last day to buy the stock to become eligible for dividends
Asia Market Update: KOSPI Falls Over 2%
Most markets in Asia-Pacific were trading lower on Thursday morning. Early in the morning, share indices rose tracking an advance in the technology stocks on the back of Nvidia Corp’s high.
The KOSPI and CSI 300 were trading 2.16% and 0.20% down, respectively. The Hang Seng was down 0.64% as of 8:10 a.m.
US Market Update: Dow Jones Industrial And S&P 500 Futures Trade Slightly Lower
US futures were trading slightly lower in Asia session. On Wednesday, US share indices ended on a mixed note with the S&P 500 ending near record high. Technology stocks lifted the Nasdaq Composite index.
The Dow Jones Industrial and S&P 500 futures were trading 0.01% and 0.01% down, respectively. The Nasdaq 100 future was trading 0.03% higher as of 7:35 a.m.
The Dow Jones Industrial Average fell 0.25% to 42,982.43. S&P 500 flat at 6,092.16. Nasdaq Composite rose 0.31% at 19,973.55
GIFT Nifty Implies Positive Start; Dilip Buildcon, Tata Steel, Vodafone Shares In Focus
The GIFT Nifty was trading 0.09%, or 21.50 points higher at 25,306.50, which implied a higher open for the benchmark Nifty 50. Most markets in Asia-Pacific were trading higher, which will likely support gains in Indian benchmarks too.
Investors will keep an eye on Dilip Buildcon Ltd., Jio Financial Services Ltd., JSW Energy Ltd., Tata Steel Ltd., and Vodafone Idea Ltd. as these these shares may move due to overnight news flow.
The benchmark equity indices closed with gains on Wednesday, led by share prices of Titan Co. and Grasim Industries Ltd. The NSE Nifty 50 ended 200.40 points, or 0.80% higher at 25,244.75, while the BSE Sensex closed 700.40 points, or 0.85% up at 82,755.51.
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