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.
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.
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.
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.
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.
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.
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.
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%.
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.
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.
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.
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.
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