Stock Market Today: Nifty, Sensex Erase Day's Gains After Final-Hour Slump; Kotak Bank Drags Most

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The Nifty 50 and Sensex declined for a second session in a row. (Photo: Envato)

Most part of the session, the Nifty 50 and Sensex traded in green. In last hour, the indices erased all gains to end lower for second day.
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Market At Close: Nifty, Sensex Decline For Second Session 

  • Nifty and Sensex close lower for the 2nd consecutive day.

  • SBI Life Insurance and Kotak Mahindra Bank are the top losers in Nifty.

  • Benchmark Indices underperformed Broader Market Indices.

  • Broader Market Indices snaps the two-day losing streak.

  • Nifty PSU Bank fall for the 2nd consecutive day, worst performing sector for the day.

  • Among Nifty PSU Bank Punjab National Bank emerged as top loser followed by Union Bank of India.

  • MOFSL gains 8% after its AUM crosses 1.5 lakh crore.

  • Nykaa falls more than 4% after Banga Family sells stake via block deal.

  • One Mobikwik gains 2% after it gets SEBI certificate to operate as Stock Broker.

  • Nifty Media snaps two-day losing streak.

  • Nifty Auto gains for the 2nd consecutive day.

  • Nifty Pharma gains for the 10th consecutive day.

  • Nifty FMCG snaps 4-day losing streak.

  • Nifty Financial Services fall for the 4th day in a row.

  • Nifty Realty fall for the 6th day in a row.

  • Nifty Metal snaps two-day gaining streak.

Rupee Closed At Over One-Month High Against US Dollar

  • Rupee closed 39 paise stronger against US Dollar at 85.32

  • The close is the highest level since May 27

  • It closed at 85.71 a dollar on Wednesday

Source: Bloomberg

Stock Market Live Update: Dreamfolks Services Share Price 

Dreamfolks Services share price declined 5.94% to Rs 211.05 apiece. The share price was trading 2.93% down at Rs 217.75 apiece.

Stock Market Live: One MobiKwik's Arm Gets SEBI Nod To Operate As Stock Broker 

One MobiKwik' arm Mobikwik Securities Broking Gets SEBI Certificate To Operate As Stock Broker 

Stock Market Live Update: AGI Greenpac Makes Voluntary Prepayment of Term-Loans Of Rs 193 Crore 

AGI Greenpac Ltd. has made a voluntary partial prepayment of term loans amounting to Rs 193 crore, utilizing internal accruals. This information is detailed in their latest exchange filing.

Stock Market Live: Reliance Infra Clarifies That SBI's Reaction Has No Impact 

Reliance Infrastructure has stated that SBI's action to classify the loan account of Reliance Communications as fraud has no impact on the company. Additionally, this action by SBI does not affect the operations or financial performance of Reliance Infrastructure, as detailed in their latest exchange filing.

Stock Market Today: P.N. Gadgil Jewellers Approves Raising Funds Worth Up To Rs 1,000 Crore

P N Gadgil Jewellers Ltd. has approved raising funds worth up to Rs 1,000 crore via QIP or other means, as detailed in their latest exchange filing.

Stock Market Live: Vedanta Large Trades

Vedanta had 2.5 million shares traded in two block trades, as per Bloomberg.

The total traded value on NSE is Rs 670 crore.

Stock Market Today: Nifty, Sensex Trade Near Day's High 

Both the NSE Nifty 50 and BSE Sensex rose as much as 0.53% so far today.

Rupee At Over One-Month High Against US Dollar

  • Rupee strengthened 44 paise to 85.27 against US Dollar

  • It's the highest level since May 27

  • It closed at 85.71 a dollar on Wednesday.

Source: Bloomberg

Stock Market Live Update: IDFC First Bank Board Approves Amendment Pact With Currant Sea 

IDFC First Bank's board has approved the execution of an amendment pact with Currant Sea Investment, as detailed in their latest exchange filing.

Stock Market Live Update: Uno Minda Acquires E-Drive Business Assets From Germany 

Uno Minda has acquired the e-drive business assets from a Germany-based group of companies, as detailed in their latest exchange filing.

SEBI’s No Objection Certificate To Come After Settlement Order

  • SEBI’s No Objection Certificate to Come After Settlement Order

  • NSE has offered to pay Rs 1,600 crore to settle a legal dispute — the highest-ever proposed settlement.

  • The Settlement terms are currently being examined by a High-Powered Advisory Committee.

  • The Committee’s recommendation will be sent to the SEBI WTM for a final decision.

  • SEBI will issue a settlement order based on that decision.

  • The process is expected to take up to two months.

  • SEBI will grant the mandatory No Objection only after the settlement is finalised and the order is issued.

Alert: NOC a mandtory Requirement for public listing by Market Infrastructure Institutions (MIIs).

Source: People In the Know

Stock Market Live Update: Patel Engineering Approves Rs 200 Crore Via Debts 

Patel Engineering board approved raising up to Rs 200 crore via debt, the company said in the exchange filing.

Stock Market Today Capital Small Finance Bank Q1 Business Update (YoY)

  • Total Deposits rose 17.1% to Rs 9,110 crore

  • Gross Advances rose 16.4% to Rs 7,437 crore

Stock Market Live Update: SpiceJet Gets Two Overhauled Engines From StandardAero

SpiceJet Ltd. has received its first two overhauled engines from StandardAero and has grounded another Boeing 737 NG aircraft. The company expects a steady flow of engines in the coming months, including the CFM LEAP-1B engine for Boeing 737 MAX and the Q400 engine from StandardAero's Singapore unit, as detailed in their latest exchange filing.

Stock Market Live Update: Arkade Developers To Acquire Filmistan

Arkade Developers will acquire Filmistan for a cash consideration of Rs 183 crore, making Filmistan a wholly-owned subsidiary post-acquisition.

Stock Market Live: Godawari Power To Provide HT Steel Billets To Manufacturers

Godawari Power's steel billets have been approved by the Power Grid, making them eligible to supply the entire range of HT steel billets to all manufacturers. This approval will enable the company to offer a full range of galvanized steel structures, boosting business volumes.

Stock Market Live Update: NBC In Pact With National Film Development Corp 

NBCC has entered into an agreement with the National Film Development Corporation to renovate and redevelop the Siri Fort Auditorium Complex. 

Stock Market Live Update: Quess Corp Joins ONDC 

Quess Corp has joined the Open Network for Digital Commerce (ONDC) as an anchor network participant, aiming to offer 20 lakh jobs. 

M&M Finance Shares Rise After Q1 Business Update But Morgan Stanley Flags Asset Quality Concerns

Mahindra and Mahindra Financial Services Ltd.'s shares rose over 2% during trade on Thursday after the company posted its business update.

The latest quarterly performance has been described as "muted" by Morgan Stanley, with the brokerage highlighting concerns over asset quality and growth prospects. Despite this, Morgan Stanley maintained its 'equal-weight' rating on Mahindra Finance.

Also Read: M&M Finance Shares Rise After Q1 Business Update But Morgan Stanley Flags Asset Quality Concerns

India-US Interim Trade Deal Likely By July 4-5 As Talks Intensify

An interim trade deal between India and the United States is likely to be finalised by July 4–5, with negotiations currently underway in Washington.

NDTV Profit has learnt that the Indian delegation has extended its stay, signalling a last-minute push to iron out key differences.

Also Read: India-US Interim Trade Deal Likely By July 4-5 As Talks Intensify

HDB Financial Share Price Jumps Over 6% Day After Market Debut

HDB Financial Services Ltd. saw its share price climb over 6% on Thursday, just a day after its debut on the National Stock Exchange and BSE.

The company's shares listed at a premium of nearly 13% above its IPO issue price of Rs 740, opening at Rs 835 on both exchanges on Wednesday.

Also Read: HDB Financial Share Price Jumps Over 6% Day After Market Debut

Stock Market Live: Indogulf Cropsciences Lists At Rs 111 

Indogulf Crosciences listed at Rs 111 on BSE versus issue price of Rs 111. It listed at Rs 111 on NSE compared to issue price of Rs 111.

Also Read: Indogulf Cropsciences IPO Allotment: How To Check Status Online, GMP And Listing Date

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'.

Also Read: PNB Share Price Declines As Morgan Stanley, Citi Remain Bearish Post Q1 Update

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

  • The 10-year bond yield opened flat at 6.34%

Source: Cogencis

Rupee Opens Stronger Against US Dollar

  • Rupee opened 5 paise stronger against US Dollar at 85.65

  • It closed at 85.70 a dollar on Wednesday.

Source: Bloomberg

NDTV Profit Exclusive:  Govt Plans MTNL Asset Sale Without Auction For Govt Buyers

  • Govt decides to do away with auction process for state & central entities

  • MTNL assets to be offered at simple valuation to govt buyers

  • Move aimed at cutting down lengthy bidding & valuation process, which often takes months

  • Initial valuation of some MTNL assets pegged at ₹6,000–7,000 crore

  • Framework for private buyers still under consultation

  • MTNL asset monetisation to be done in phases to help repay mounting debt

  • 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

  • Bid required Brookfield to maintain performance guarantees till a definitive agreement was closed

  • Brookfield (Chronos Properties) failed to renew performance guarantee in April

  • 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.

Also Read: Oil Declines With Trade Deal Progress, OPEC+ Decision In Focus

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.

Also Read: US Treasuries Sink And Stocks Rise On Solid Jobs Data: Markets Wrap

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.

Also Read: US Treasuries Sink And Stocks Rise On Solid Jobs Data: Markets Wrap

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.

Also Read: Stock Market Highlights: Nifty, Sensex Off Day's Low But End Down; HDFC Bank Drags

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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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