Stock Market Live: Nifty, Sensex Snap Three-Day Decline As HDFC Bank, RIL Shares Rise

The Nifty Midcap 150 and Nifty Smallcap 250 outperformed benchmark index.

(Photo: Freepik) 

Gains in shares across Asia, Europe also supported the Indian benchmark indices.
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Market At Close: Nifty, Sensex Snap Three-Day Decline

  • Nifty close above 24,600, led by Eternal and Jio Finance.

  • Nifty and Sensex snaps three day losing streak.

  • Nifty Midcap 150 jumps higher, led by RVNL and Glaxosmithline.

  • Nifty smallcap 250 close higher, led by Ircon International and RailTel Corp.

  • Nifty smallcap 250 close higher for the 9th consecutive day.

  • Broader Market Indices outperformed Benchmark Indices.

  • All sectoral Indices close higher, barring Nifty Realty.

  • Nifty Oil and Gas and Nifty Metal Gain are the top performing index for the day.

  • Indraprastha Gas and Oil India are the top gainers in Nifty Oil and Gas.

  • APL Apollo Tubes and Ratnamani Metals and Tubes are the top gainer in Nifty Metal Index.

  • Nifty Metal, Oil and Gas, IT snaps three day losing streak.

  • Nifty pharma snaps four day losing streak.

Rupee Closes Weaker Against US Dollar

  • Rupee closed 32 paise weaker at 85.91 against US Dollar

  • It's lowest closing level since May 22

  • It closed at 85.59 a dollar on Tuesday.

Source: Bloomberg

Stock Market Today: KEC International Gets Order Worth Rs 2,211 Crore 

KEC International Ltd. received an order worth Rs 2,211 crore across various business, the company said in an exchange filing.

Stock Market Live: BEL Share Price Starts To Gain After Fetching Orders Worth Rs 537 Crore

Bharat Electronics Ltd. received an additional orders worth Rs 537 crore.

European Market Update: Share Indices Rise Tracking Gains In Global Equities 

Overnight gains in the US and rise Asian share indices boosted stocks in Eurozone. The Euro Stoxx 50 was trading 0.61% higher, and the FTSE 100 was 0.06% up as of 2:44 p.m.

The MSCI Word Equity Index hit all-time high earlier, as reported by Bloomberg.

Stock Market Live Update: Garden Reach Shares Up 100% YTD

Shares of multibagger shipyard Garden Reach Shipbuilders and Engineers Ltd. rose as much as 10% in Wednesday's early trade, hitting a fresh record high, boosted by an order win from Norway's Kongsberg to build India's first-ever polar research vessel. In the year-to-date period, returns stand at 106.35%, while the stock has risen 166.75% in the last 12 months.

Also Read: Garden Reach Shares Soar On Norway's Polar Research Vessel Order, Up 100% YTD — Should You Buy, Sell Or Hold?

Stock Market Live Update: No relief for Gensol Engineering from NCLAT

  • The case has been sent back to the Ahmedabad bench of the NCLT.

  • The company had requested relief from the NCLT’s directions to freeze its assets.

  • This was a consequence of governance issues flagged in the company.

Source: NCLAT proceedings.

India Has Morgan Stanley's Top Weightage In Asia — Here's Why

Morgan Stanley is overweight on India, one of its top weightage-holder countries in Asia, because of its strong growth outlook, said Jonathan Garner, chief Asia and emerging markets equity strategist, Morgan Stanley.

Read the full article here.

Stock Market Today: Caplin Point's Arm To Acquire Mexico's Triwin Pharma

Caplin Point Laboratories Ltd.'s Hong Kong-Based arm executed a pact to acquire Mexico's Triwin Pharma, the exchange filing said.

Stock Market Live: Welspun Enterprises Gets NHAI Nod For Bridge Project In Bihar 

NHAI issued provisional certificate for commercial operations to Welspun Enterprises's arm for Bridge Project in Bihar, the exchange filing said.

Stock Market Live: Currant Sea Investments BV Gets Nod To Acquire Stakes In IDFC First Bank 

Currant Sea Investments BV received approval of Competition Commission of India's nod for 9.99% stakes in bank, the exchange filing said.

Stock Market Today: Reliance Power Share Price Rallies Over 52% In A Month

Reliance Power Ltd. resumed its upward trend after a nearly 6% decline on Tuesday. The decline came after the shares hit a fresh life high this week. Shares of Reliance Power rose as much as 5.45% to Rs 62.10 apiece, the highest level since June 2.

Also Read: Reliance Power Share Price Rallies Over 52% In A Month — Should You Buy, Sell Or Hold?

Stock Market Live: Rupee Falls Below 86 Against US Dollar

  • Rupee weakened 43 paise to 86.02 against US Dollar

  • Intraday low is the weakest since May 23

  • It closed at 85.59 a dollar on Tuesday.

Source: Bloomberg

Stock Market Today: Swiggy Shares Rise To Near One-Month High 

Swiggy share price rose 4.74% to Rs 347.05 apiece. It was trading 4.73% higher at Rs 349.50 apiece as of 11:46 a.m.

Also Read: Swiggy Share Price At Near One-Month High After Morgan Stanley Initiation

Stock Market Live: Adani Airports Gets $750 Million Global Financing 

Adani Airports received $750 million global financing. The funds may power next phase of growth. The company raised funds via extra commercial borrowings from a consortium of international banks. First Abu Dhabi Bank, Barclays PLC & Standard Chartered Bank led the lending.

Disclaimer: NDTV is a subsidiary of AMG Media Networks Limited, an Adani Group Company.

Stock Market Live: Coforge Share Price Gains As Stock Trades Ex-Split

Coforge Ltd.'s share price rose 1.45% on Wednesday as the stock began trading on an ex-split basis. The company had previously set June 4 as the record date to determine the eligibility of shareholders entitled to receive the subdivided equity shares in a 1:5 ratio.

Also Read: Coforge Share Price Gains As Stock Trades Ex-Split

Stock Market Live: Scoda Tubes Sees Muted Debut On Dalal Street With Flat Listing

Shares of Scoda Tubes Ltd. saw a muted listing on Dalal Street, opening at its issue price of Rs 140 on both the National Stock Exchange and the Bombay Stock Exchange.

Read the full article here.

Stock Market Live: Maruti Suzuki Expands Capacity 

Maruti Suzuki India expanded solar capacity by 30 megawatt peak with projects at Kharkhoda and Manesar. The company will invest Rs 925 crore to reach 319 megawatt peak of solar capacity by financial year 2031, the company said in an exchange filing.

Stock Market Live: Vodafone Idea Share Price Under Pressure, Declines Over 6% In Five Sessions

Vodafone Idea Ltd.'s share price continued to face significant pressure, declining 1.77% on Wednesday. This marks the second consecutive day of losses, following a 4.41% drop on Tuesday.

Also Read: Vodafone Idea Share Price Under Pressure, Declines Over 6% In Five Sessions

Stock Market Today: Tata Technologies Shares Fall As TPG To Sell Stake Worth Rs 654 Crore

Shares of Tata Technologies Ltd. fell over 1% on Wednesday as private equity major TPG is looking to offload stake worth Rs 654 crore through open market transactions.

Also Read: Tata Technologies Shares Fall As TPG To Sell Stake Worth Rs 654 Crore

Stock Market Live: Yes Bank Share Price Gains On Plans To Raise Rs 16,000 Crore

Yes Bank's share price gained 1.82% on Wednesday after the bank's board approved a plan to raise Rs 16,000 crore through a combination of debt and equity issuances.

Also Read: Yes Bank Share Price Gains On Plans To Raise Rs 16,000 Crore

Stock Market Live Update: Ashok Leyland's UK Arm To Acquire Stakes In Switch Mobility 

Ashok Leyland's UK-based subsidiary, Optare, has entered into an agreement with Dana to acquire a 1.01% stake in Switch Mobility. Following this acquisition, Optare's stake in Switch Mobility will increase to 99.57%. Consequently, Optare and Hinduja Automotive will collectively hold 100% ownership of Switch Mobility, Ashok Leyland said in an exchange filing.

Stock Market Live: Rupee Extends Losses Against US Dollar

Rupee weakened 36 paise to 85.95 against US Dollar, touching the lowest level since May 23. It closed at 85.59 a dollar on Tuesday, according to data on Bloomberg.

Block Deal Today: Aditya Birla Fashion Slumps 9% Post Large Trade

Aditya Birla Fashion and Retail Ltd. fell 9% to Rs 78.25 apiece following large trade. Indegene Ltd. Alkem Laboratories fell 4.68% and 1.91% respectively, so far today.

Tata Chemicals Ltd. fell the least among other stocks. It fell 0.81%.

Also Read: Aditya Birla Fashion Shares Fall To Two-Month Low As Flipkart Plans Exit

In Aditya Birla Fashion and Retail, Flipkart sold entire 6% stake. Alkem Laboratories' promoter Jayanti Sinha promoter to sell 1.42% stake via block deal.

Also Read: Indegene Shares Fall As Carlyle Group Looks To Exit

Stock Market Live: Garden Reach Hits Record High As It Set To Build India's First Polar Research Vessel 

Garden Reach Shipbuilders and Engineers Ltd. share price rose 7.52% to record high of Rs 3,375 apiece. Garden Reach Shipbuilders and Engineers signed a deal with Norway's Konsberg to build India's first polar research vessel.

Sectoral Performance At Open: Nifty Defence Leads Gains 

On NSE, 13 sectoral indices advanced, two remained flat out of 15 sectoral indices. The NSE Nifty Defence was the top leader, and the NSE Nifty Metal was the worst performing sector.

Nifty Contributors: HDFC Bank, Airtel Contribute Most 

HDFC Bank Ltd., Bharti Airtel Ltd., Reliance Industries Ltd., Eternal Ltd., and Mahindra & Mahindra Ltd. added to the Nifty 50 index.

Tata Consultancy Services Ltd., ICICI Bank Ltd., UltraTech Cement Ltd., Titan Co. Ltd., and Bharat Electronics Ltd. weighed on the Nifty 50 index.

Stock Market Today: Nifty, Sensex Open Slightly Higher 

The NSE Nifty 50 and BSE Sensex opened slightly higher tracking a rise in HDFC Bank Ltd. and Bharti Airtel Ltd. Gains in Asian share indices also supported the benchmark indices.

Stock Market Today: Nifty, Sensex Rise At Pre-Open

At pre-open, the NSE Nifty 50 was trading 0.07% higher at 24,560.45, and the BSE Sensex was trading 0.05% higher at 80,777.65.

Yield On The 10-Year Bond Opens Flat

  • The yield on the 10-year bond opened flat 6.26%

Source: Bloomberg

Rupee Opens Weaker Against US Dollar

  • Rupee opened 16 paise weaker at 85.75 against US Dollar

  • It closed at 85.59 a dollar on Tuesday.

Source: Bloomberg

Stock Market Live: Morgan Stanley On ICICI Lombard

Equal weight

The target price is at Rs 1,855)

Management takeaways:

  • Growth to be driven by retail health

  • Motor TP hike to be muted if approved

  • Motor market share under pressure due to PSU pricing

  • Corporate, health and crop could see further growth pressure in FY26

  • Retail health to generate mid teens ROE

Stock Market Live: Oil Prices Fall In Asia Session 

Oil prices decline din Asia session because supply outlook is expected to improve . Organization of Petroleum Exporting Countries and allies will likely increase output.

Brent crude's August future was trading 0.27% down at $65.46 a barrel as of 8:18 a.m.

Stock Market Live Update: HSBC On Indian REITs 

  • Maintain Buy on Embassy Office Park, TP Rs 435 (+14.1%)

  • Maintain Buy on Brookfield India Real Estate, TP Rs 330 (+7.9%)

  • See REITs as one of the best plays for the rate cut cycle

  • Office REITs delivered DPU growth of 8-15% in FY25

  • Expect 8-13% CAGR growth in DPU from FY25-27 after 2 years of muted NAV growth

  • Growth to be driven by:

  • Improving occupancies

  • Increasing marginal rent

  • New asset builds and acquisitions

    DPU: Distribution per Unit

Asia Market Update: KOSPI Jumps Over 2% As Opposition Leader Wins Election On Expected Lines

The KOSPI, South Korea's benchmark index jumped over 2% as opposition party leader Lee Jae-myung won election on expected lines. The country has seen turmoil due to a political power vacuum since Yoon Suk Yeol's martial law imposition.

Lee is expected to implement a key legislation which will give higher esteem to shareholders, as reported by Bloomberg.

KOSPI was 2.33% higher as of 7:45 a.m.

Asia-Pacific markets were trading higher Wednesday tracking overnight gains on Wall Street. The Nikkei 225 and Hang Seng were trading 0.92% and 0.60% higher, respectively as of 7:45 a.m.

Also Read: US Treasuries Rally As Weak Data Reinforce Fed Wagers: Markets Wrap

US Market Update: Rise In Tech Shares Lift Stock-Gauges

US share indices ended higher Tuesday tracking sharp gains in technology stocks. Nvidia Corp rose almost 3% while its market-cap rose past Microsoft. Wall Street also rejoiced in better-than-expected job opening numbers ahead of the official non-farm payroll data, in face of trade-related uncertainty.

Dow Jones Industrial Average rose 0.51% at 42,519.64. S&P 500 rose 0.03% at 5,970.37, and Nasdaq Composite rose 0.81% at 19,398.96.

Also Read: S&P 500 Gains As US Jobs Holding Up Amid Trade War: Markets Wrap

GIFT Nifty Implies Higher Open; Paytm, Yes Bank, Sun Pharma Shares In Focus

The GIFT Nifty was trading 0.03% or 8 points higher at 24,722.00 as of 6:41 a.m., which implied a higher start for the benchmark Nifty 50 index.

Sun Pharmaceutical Industries Ltd., One 97 Communication Ltd., Wipro Ltd., Yes Bank Ltd., and Zydus Lifesciences Ltd. share prices in focus because of the overnight news flow.

The benchmark equity indices closed lower for the third consecutive session on Tuesday, dragged down by shares of HDFC Bank Ltd. and ICICI Bank Ltd.

The NSE Nifty 50 ended 174.1 points or 0.7% lower at 24,542.5, while the BSE Sensex closed 636.24 points or 0.78% down at 80,737.51.

Also Read: Stock Market Highlights: Nifty, Sensex Close Lower As ICICI, HDFC Bank Drag

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WRITTEN BY
Ananya Chaudhuri
Ananya Chaudhuri covers financial markets news and trends at NDTV Profit. S... more
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