Stock Market Live: Century Enka Board Re-Appoints Suresh Sodani
Century Enka Ltd. announces the reappointment of Mr. Suresh Sodani as Managing Director.
Stock Market Live Update: Maithan Alloys To Stop Production At Byrnihat, Meghalaya
Maithan Alloys Ltd announced the indefinite shutdown of production at its Byrnihat unit in Meghalaya, effective August 31, due to adverse market conditions and increased power costs.
Stock Market Live Update: Eris Lifesciences’ Re-Appoints Indubhushan Bakshi As Managing Director
Eris Lifesciences Limited announces the reappointment of Mr. Amit Indubhushan Bakshi as Managing Director for a further period of five years, effective April 1, 2026.
Moody’s Ratings On RBI’s Project Finance Norms
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See significant day-one impact on lenders’ profitability at system level
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Expect PSU banks, lenders with large exposures to infra have tad negative hit on profitability
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Expect lenders to pass on bulk of incremental cost of provisioning
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Final norms to reduce uncertainty in project financing, support medium-term growth
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Expect asset quality to improve in the sector
Stock Market Live Update: Marksans Pharma’s Arm Gets EIR Report From US FDA
Marksans Pharma has announced that its subsidiary, Time-Cap Labs, has received an Establishment Inspection Report (EIR) from the US FDA. The inspection of Time-Cap Labs’ manufacturing facility in New York took place from April 16 to April 24.
Stock Market Today: Increasing Free Float Is Driving Foreign Money In Indian Markets
Indian markets have not been outliers compared to their Asian or global peers. The markets are just a few percentage points away from their all-time highs, but the momentum for a sustained rally appears to be missing.
In the last two quarters, fund flows — both domestic and foreign — have primarily chased new share issuances rather than buying in the open market. This lack of demand in the secondary market has kept prices moving sideways.
Read the full article here.
Stock Market Live Update: Sanghvi Movers’ CFO Resigns
Sanghvi Movers has announced that Sham Dattatraya Kajale has resigned from his position as Chief Financial Officer.
Stock Market Live: Aimtron Electronics Signs ODM Contract
Aimtron Electronics has entered into an Original Design Manufacturing contract valued at Rs 97.6 crore with a US-based infrastructure firm, the company said in the exchange filing.
Stock Market Live Update: Adani Green Share Price Rises As After Hitting New Record Of Installed Capacity
Adani Green Energy share price rose 1.38% to Rs 1,029.60 apiece. The share price advanced as it set a record with over 15,000 megawatt of installed renewable energy capacity. It is the India’s largest.
Stock Market Today: Indogulf Cropsciences IPO Fully Subscribed On Day Three
The Indogulf Cropsciences IPO has been subscribed 1.45 times as of 10:15 a.m.
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Qualified institutional buyers: 5%
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Non-institutional buyers: 1.93 times
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Retail investors: 2.15 times
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Portion reserved for employees: 21%
Stock Market Live Update: BHEL Share Price Gains After Rs 6,500-Crore Contract Win
Shares of Bharat Heavy Electricals Ltd. rose over 3% on Monday after the company was awarded a contract worth Rs 6,500 crore from Adani Power Ltd. for six thermal units of 800 MW.
Stock Market Live Update: Nifty Bank Hits Record High
The NSE Nifty Bank index rose 0.30% to a record high of 57,614.50. State Bank of India, and Bank of Baroda added to the Nifty Bank index.
Stock Market Live Update: Jindal Steel Begins Operations At Angul Integrated Steel Complex
Jindal Steel has commenced operations at its new Continuous Galvanizing Line (CGL 1) at the Angul Integrated Steel Complex. This development is part of their strategic expansion, which includes adding 6 million tonnes per annum (MTPA) of crude steel capacity at the Angul plant within this year.
Stock Market Live: JB Chemicals Share Price Dips After Torrent Pharmaceuticals Acquisition Announcement
Shares of JB Chemicals & Pharmaceuticals Ltd. fell over 6% on Monday after Torrent Pharmaceuticals announced the acquisition of majority stake in the company.
Shares of JB Chemicals & Pharmaceuticals fell as much as 6.71% to Rs 1,680.60 apiece.
Stock Market Live: Jyoti CNC Share Price Declines After Block Deal Of 6% Equity
Jyoti CNC Automation Ltd. witnessed a decline in its share price on Monday, dropping over 4% following a block deal involving 6% of its equity. Shareholders sold shares through block deals, amounting to at least Rs 1,542 crore.
Stock Market Live: Hind Rectifiers Share Price Jumps To Highest Level Since Jan 7
Hind Rectifiers share price jumped 10% to Rs 1,388 apiece, the highest level since Jan 7. It pared most gains to trade 2.78% higher at Rs 1,295.90 apiece as of 9:39 a.m., as compared to 0.16% decline in the NSE Nifty 50 index.
Hind Rectifiers has received orders worth Rs 127 crore from Indian Railways.
Sectoral Indices: Nifty PSU Bank Leads Gains
On NSE, 10 sectoral indices advanced, three declined, and two remained flat out of 15. The NSE Nifty PSU Bank outperformed benchmark indices. The NSE Nifty Finance declined the most.
Nifty Contributors: L&T, Axis Bank Support Gains
Larsen & Toubro Ltd., Axis Bank Ltd., Jio Financial Services Ltd., State Bank of India, and Eternal Ltd. added to the Nifty 50 index.
Reliance Industries Ltd., HDFC Bank Ltd., Bharti Airtel Ltd., Kotak Mahindra Bank Ltd., and Mahindra & Mahindra Ltd. weighed on the Nifty 50 index.
Stock Market Today: Nifty, Sensex Open Flat; Axis Bank Supports Gains
The NSE Nifty 50 and BSE Sensex opened on a muted note. Axis Bank Ltd. and Jio Financial Services Ltd. led gains. The indices were trading flat as of 9:29 a.m.
Stock Market Live Update: Karnataka Bank Share Price Falls over 5%
The Karnataka Bank Ltd. share price decline 5.61% to Rs 198.30 apiece. The share price was trading 5.36% down at Rs 196.51 apiece.
Stock Market Today: Nifty, Sensex Trade Mixed At Pre-Open
At pre-open, the NSE Nifty 50 was trading 0.12% higher at 25,661.65, and the BSE Sensex was trading 0.04% down at 84,028.01.
Yield On The 10-Year Bond Opens Flat
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The 10-year bond yield opened flat at 6.40%
Source: Cogencis
Rupee Opens Flat Against US Dollar
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Rupee opened 1 paise stronger against US Dollar at 85.47
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It closed at 85.48 a dollar on Friday.
Source: Cogencis
Stock Market Today: Biocon’s Malaysian Subsidiary Crosses Milestone Of Supplying 100-Million Cartridge Insulin
Biocon Biologics, a subsidiary of Biocon, has achieved a significant milestone through its Malaysia-based arm. The subsidiary has successfully supplied 100 million cartridges of insulin,
Stock Market Live: Adani Green Energy Operationalises Aggregate 1,011.5 Megawatt Power Projects In Gujarat
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Operationalises Aggregate 1,011.5 MW Power Projects In Gujarat Via Step-Down Arms
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Total Operational Renewable Generation Capacity Now Stands At 15,539.9 MW
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Gujarat Plants To Commence Power Generation From July 1
Source: Exchange Filing
Gold Prices Fall As Risk-On Sentiment Rises
Gold prices declined as risk-on sentiment rose following an ease on geopolitical side. The Gold future was trading 0.14% higher at $3,278.91 an ounce as of 8:12 a.m.
Stock Market Live: Karnataka Bank Appoints New COO
Karnataka Bank Ltd. has appointed Raghavendra Srinivas Bhat as chief operating officer effective July 2.
Meanwhile, Srikrishnan Hari Hara Sarma resigned from the post of managing director and chief executive officer with effect from July 15. Sekhar Rao resigned from the post of executive director with effect from July 31.
Oil Prices Fall As Geopolitical Tension Subsides
Oil future prices declined as geopolitical tension decreased following a peace between Iran and Israel. Brent crude’s benchmark August future contract was trading 0.84% down at $67.20 a barrel as of 7:37 a.m.
Oil prices delivered the steepest weekly decline in over two years in the week ended on June 27, Bloomberg reported.
Asia Market Wrap: Nikkei 225 Rises Over 1% As Industrial Production Increases
Markets in Japan, Australia, and South Korea advanced on Monday morning. The Nikkei 225 jumped over 1% as industrial production rose in May.
Further, a progress on trade talks between the US and trading partners also supported Asian equities.
The Nikkei 225 and KOSPI were trading 1.61% and 0.69% higher, respectively. The S&P ASX 200 was 0.20% higher as of 7:20 a.m.
US Stock Market Update: S&P 500 And Nasdaq Composite Hit Record High
On Friday, the S&P 500 and Nasdaq Composite indices hit a record high. The Dow Jones Industrial Average index ended over 1% higher.
The S&P 500 ended 0.52% higher at 6,173.07, and the Nasdaq Composite ended 0.52% higher at 20,273.46. The Dow Jones Industrial Average ended 1% higher at 43,819.27.
GIFT Nifty Implies Positive Open; Suzlon Energy, Tanla Platforms, Torrent Pharma In Focus
The GIFT Nifty was trading 0.11% or 29.50 points higher at 25,765 as of 6:46 a.m., which implied a positive start for the benchmark NSE Nifty 50 index.
Amber Enterprises Ltd, NLC Ltd., Suzlong Energy Ltd., Tanla Platforms Ltd., and Torrent Pharma Ltd. shares will be in focus due to business-related news over the weekend.
Indian benchmark equity indices closed with gains on Friday, led by share prices of Jio Financial Service Ltd. and Asian Paints Ltd.
The NSE Nifty 50 ended 88.80 points, or 0.35% higher at 25,637.80, while the BSE Sensex closed 303.03 points, or 0.36% up at 84,058.90.
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