Stock Market News Today Live Updates: GIFT Nifty Reverses Gains, Signals Lower Start For Nifty, Sensex; Brent Crude Below $77 A Barrel
The GIFT Nifty, an early indicator of Nifty 50's performance, traded at 23,862, compared to Tuesday's index close of 23,824.10.
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The GIFT Nifty, an early indicator of Nifty 50's performance, traded at 23,862. On Tuesday, Domestic equity benchmarks declined, dragged by heavyweight IT and metal stocks, while weak business activity data and concerns over a patchy monsoon triggered profit-booking in the broader market following a recent rally led by low oil prices. The NSE Nifty 50 and BSE Sensex fell 1.16% each to 23,824.10 and 76,200.68, respectively.
Stock Market Live: GIFT Nifty Reverses Gains, Signals Lower Start
- GIFT Nifty reversed early gains and traded at 23,794.50, compared with Tuesday’s Nifty 50 close of 23,824.10.
- The index had earlier traded at 23,862 before swinging into negative territory, indicating a lower start for Indian equities.
Stock Market Live: Bajaj Auto Buyback, ZF Commercial Bonus In Focus
- Bajaj Auto will trade in focus on account of its buyback.
- ZF Commercial Vehicle Control Systems India will also be tracked after the company announced a 5:1 bonus issue.
Stock Market Live: Vedanta, Delhivery, Craftsman Automation Among Bulk And Block Deals
- Vedanta promoter entity Twin Star Holdings sold 6.5 crore shares at Rs 291.36 apiece, while Nexus Ventures III sold 43.23 lakh Delhivery shares at Rs 481 apiece.
- In Craftsman Automation, Srinivasan Ravi sold 5.25 lakh shares at Rs 9,250 apiece. Buyers included HDFC Mutual Fund, Invesco Mutual Fund, Abu Dhabi Investment, Franklin Templeton Mutual Fund, Axis Mutual Fund, Edelweiss Mutual Fund and Tata AIA Life Insurance.
- In M&M, PI Opportunities AIF V bought 10.18 lakh shares, while Prazim Trading and Investment Company sold the same quantity at Rs 3,046 apiece. In Sky Gold and Diamonds, Vikas Navratanmal Ganna and Jinesh Navratanmal Ganna sold a combined 22.94 lakh shares.
Stock Market Live: CSM Technologies IPO To Open Today
- CSM Technologies will open its IPO on June 24 and close the issue on June 29. The company has set a price band of Rs 107–113 per share, with a lot size of 132 shares.
- The Rs 146 crore issue is entirely a fresh issue. The shares are scheduled to list on July 2.
Stock Market Live: Turtlemint IPO Subscribed 1.2 Times On Day 1
- Turtlemint Fintech Solutions’ IPO was subscribed 1.2 times on the first day of bidding.
- Qualified institutional buyers led demand with 1.59 times subscription, followed by retail investors at 1.07 times and non-institutional investors at 52%.
Stock Market Live: Waterways Leisure IPO Subscribed 19% On Day 1
- Waterways Leisure Tourism’s IPO was subscribed 19% on the first day of bidding.
- Retail investors led the demand with 99% subscription, while the non-institutional investor portion was subscribed 4%.
Stock Market Live: Advit Jewels IPO Subscribed 11.18 Times On Day 1
- Advit Jewels’ IPO was subscribed 11.18 times on the first day of bidding.
- Non-institutional investors led demand with 23.73 times subscription, followed by retail investors at 11.55 times and qualified institutional buyers at 1.11 times.
Stock Market Live: HPCL, IRFC, Honasa Consumer Among Stocks In News
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HPCL Rajasthan Refinery declared commercial operations on June 22, while IRFC’s OFS will open for non-retail investors on Wednesday at a floor price of Rs 91 per share.
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Honasa Consumer will acquire a 58% stake in Fluence Pharma for an enterprise value of Rs 135 crore. Rashi Peripherals signed a pact to acquire a 67% stake in VDA Infosolutions for Rs 369 crore.
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NTPC’s arm declared commercial operations of an 800 MW unit at the Patratu Super Thermal Power Project. REC’s board will meet on June 28 to consider the merger scheme with PFC.
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Bajaj Auto said a ransomware attack on its IT infrastructure had no impact on manufacturing operations or supply chains. Infosys and Wipro announced AI-led technology partnerships with GlobalFoundries and Palo Alto Networks, respectively.
Stock Market Live: Infosys, Wipro Expand AI-Led Technology Deals
- Infosys expanded its multi-year deal with GlobalFoundries for AI-led managed services. The company will manage GlobalFoundries’ end-to-end application infrastructure and IT operations.
- Wipro expanded its partnership with Palo Alto Networks to offer AI-led cyber defence using machine learning and automation.
Stock Market Live: Oil Prices Fall As Hormuz Shipping Activity Resumes
- Oil prices moved lower as traders monitored the gradual restoration of shipping activity through the Strait of Hormuz.
- Brent crude for August delivery fell 0.45% to $76.73 a barrel, while US West Texas Intermediate crude for August settlement declined 0.48% to $72.86 a barrel.
Stock Market Live: Asian Markets Trade Mixed After US Tech Sell-Off
- Asian equities traded mixed on Wednesday as investors tracked whether technology stocks could recover after a broad sell-off in the US.
- South Korea’s Kospi rose 4.02% after a double-digit fall in the previous session. Japan’s Nikkei 225 slipped 0.06%, while Australia’s ASX 200 was nearly flat, up 0.01%.
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