Stock Market News Today Live Updates: Nifty, Sensex Erase Losses; Nifty IT Extends Decline, Led By Infosys
Nifty IT fell 0.6%, while Nifty Realty declined 0.47%. Nifty Financial Services and Nifty Bank slipped 0.4% and 0.38%, respectively.
2 minutes ago
Hello and welcome to our live coverage on stock markets.
Indian equity benchmarks recovered, erasing all the opening losses. The benchmark indices, however, struggled to hold on to gains. The Nifty 50 traded 0.05% higher at 23,416.30, rising 10.70 points. The Sensex gained 0.07%, or 51.70 points, to 74,397.87.
Stock Market Live: Rajesh Exports Says SEBI May Have Mistaken Revenue For Profitability
-
Rajesh Mehta of Rajesh Exports told NDTV Profit that SEBI’s order is interim and the regulator has not reached any adverse conclusion.
-
He said the company’s declared revenues are correct and there is no wrongdoing. Mehta said the Rs 15.5 lakh crore revenue figure relates to five years and SEBI seems to have mistaken revenue for profitability.
Rajesh Exports Chairman Rajesh Mehta Speaks To NDTV Profit
Stock Market Live: Hardeep Singh Puri Says OMC Losses Remain Around Rs 550 Crore Per Day
- Hardeep Singh Puri said oil marketing companies’ losses remain high at around Rs 550 crore per day, which he described as the cost of keeping fuel affordable.
- He said 50–100 fuel dispensing stations in Delhi NCR and Mumbai will rise to 5,000 by 2027. He also said India would gain if Euro 6 standard vehicles can become compliant with E100 fuel.
Stock Market Live: Satin Creditcare Approves Rs 100 Crore Warrant Allotment
- Satin Creditcare approved a preferential allotment of warrants worth Rs 100 crore, according to an exchange filing.
- The company approved the warrant allotment at Rs 260 per share.
Stock Market Live: Rajesh Exports Says Revenues Are Correct After SEBI Interim Order
Rajesh Exports said it has received SEBI’s interim order dated June 3 and clarified that the regulator has not reached any adverse conclusion.
The company said its reported revenues are correct and not overstated. It said it is submitting required documents to SEBI and rejected adverse media reports related to the order.
Stock Market Live: Ceigall India To Sell Step-Down Arm For Rs 177 Crore
Ceigall India will sell its step-down subsidiary to Neo Alternative Asset for Rs 177 crore, according to an exchange filing.
Stock Market Live: Citi India CEO Says Corporate Client Portfolio Shows No Stress
- K Balasubramanian, Citi India CEO and banking head, told NDTV Profit that the bank does not see stress in its corporate client portfolio due to the West Asia conflict.
- He said Citi remains focused on its institutional business in India and sees business opportunities with Indian institutional clients. Balasubramanian said the bank is positioned to serve companies through its network across 95 countries.
Stock Market Live: Monsoon Reaches Kerala, IMD Says
- The India Meteorological Department said the monsoon reached Kerala on Thursday.
- The weather office commented on the onset of monsoon rains in the state.
Stock Market Live: Maruti Suzuki Says Flex-Fuel Benefits Extend Beyond Auto Industry
- Maruti Suzuki MD and CEO Hisashi Takeuchi said the benefits of flex-fuel technology extend beyond the auto industry and can help farmers and other stakeholders.
- He said large-scale adoption of flex-fuel vehicles will take time and require efforts from all stakeholders.
Stock Market Live: Rajesh Mehta Says SEBI Order Findings Are Not Accurate
- Rajesh Mehta of Rajesh Exports told NDTV Profit that SEBI’s order is an interim order and its findings are not accurate.
- He said the company is reviewing the findings and will issue a detailed statement within an hour.
Stock Market Live: Dixon Tech Says Next Phase Of Growth To Come From Exports
- Dixon Technologies told NDTV Profit that it is scaling up its camera module business and has increased manufacturing of telecom products.
- The company said the next phase of growth will come from exports. It added that proposed free trade agreements with the US and the EU will support the business.
Stock Market Live: Vinay Jaising Sees $25 Billion Debt Inflow If FPI Tax Is Eased
- Vinay Jaising of ASK Private Wealth told NDTV Profit that India could see debt inflows of $25 billion if FPI tax rules are eased.
- Jaising said he remains underweight on IT companies. He also said energy prices, FII outflows, lower forex reserves and a $50 billion foreign exchange outflow in the last two months are key points for the market.
Stock Market Live: Sandip Agarwal Expects Lower Long-Term Growth In IT Sector
- Sandip Agarwal of Sowilo Investment Managers told NDTV Profit that he expects lower long-term growth in the IT sector.
- Agarwal said the Nifty IT index has corrected nearly 40–50% and investors need to track annual net foreign exchange movement.
Stock Market Live: Girish Pai Says IT Sector Revenue May Grow In Low Single Digits
- Girish Pai of BOB Capital Markets told NDTV Profit that the IT industry’s revenue may grow in low single digits, while profit after tax growth could be in the 4–5% range.
- Pai said investors need to track customer operational spending and changes in employee structures at IT companies. He said one should remain underweight on the IT sector.
Stock Market Live: Defence, Energy Lead Sectoral Gains; Metal Declines
- Nifty India Defence rose 1.26%, while Nifty Energy gained 0.92% and Nifty PSU Bank advanced 0.78%.
- Nifty FMCG, Nifty Auto and Nifty Consumption gained between 0.69% and 0.74%.
- Nifty Metal fell 0.45%, while Nifty IT slipped 0.08%.
Stock Market Live: Nifty, Sensex Erase Losses To Trade Higher
- The Nifty 50 traded 0.05% higher at 23,416.30, rising 10.70 points.
- The Sensex gained 0.07%, or 51.70 points, to 74,397.87.
Stock Market Live: Radico Khaitan, Marico Lead FMCG Gainers
- Radico Khaitan rose 0.98%, while Marico gained 0.89%.
- Tata Consumer Products advanced 0.53%, Hindustan Unilever rose 0.48%, and Godrej Consumer Products gained 0.26%.
- United Breweries fell 0.79%, United Spirits declined 0.77%, and Patanjali Foods dropped 0.54%.
Stock Market Live: Infosys, Persistent Systems And Wipro Weigh On IT Index
- Infosys fell 1.18%, while Persistent Systems declined 0.84%.
- Wipro slipped 0.69%, HCL Technologies dropped 0.66%, and Oracle Financial Services Software fell 0.53%.
- Tech Mahindra traded higher by 1%.
Stock Market Live: Rajesh Exports Shares Hit Lower Circuit After SEBI Bars Company, Promoter
- Rajesh Exports shares hit the lower circuit at the open after SEBI barred the company and promoter Rajesh Mehta from the securities market.
- The regulator’s action relates to alleged discrepancies in reported revenue worth Rs 15.15 lakh crore over five financial years.
Stock Market Live: HDFC Bank, Infosys And RIL Weigh On Nifty 50
- HDFC Bank dragged the Nifty 50 by 22.16 points, followed by Infosys at 11.18 points and RIL at 10.08 points.
- Eternal added 3.04 points to the index, while Adani Ports and ONGC contributed 2.45 points and 2.44 points, respectively.
- Other negative contributors pulled the index down by 31.77 points.
Stock Market Live: IT, Realty Drag Sectoral Indices; Energy Gains
- Nifty IT fell 0.6%, while Nifty Realty declined 0.47%. Nifty Financial Services and Nifty Bank slipped 0.4% and 0.38%, respectively.
- Nifty Energy rose 0.53%, followed by Nifty India Defence at 0.48% and Nifty Oil and Gas at 0.39%.
- Nifty FMCG and Nifty Rural traded higher by 0.09% and 0.05%, respectively.
Stock Market Live: Nifty Falls Below 23,250, Sensex Drops Over 500 Points
- The Nifty 50 fell as much as 0.7% to 23,247, while the Sensex dropped 0.7%, or 538 points, to 73,807.
- The benchmarks extended losses for the second straight trading session.
Stock Market Live: Centre May Ease Tax Rules For FPIs Investing In Government Securities
The Centre may amend tax provisions through an ordinance to ease rules for foreign portfolio investors investing in government securities, according to sources.
Foreign investors in select government securities may get tax relief after required approvals. FPIs currently pay 12.5% long-term capital gains tax on listed government securities held for over a year, while interest earned on G-Secs is subject to 20% withholding tax unless treaty benefits apply.
Stock Market Live: Skipper, NBCC, BHEL, Hero MotoCorp Among Stocks In Focus
- Skipper approved raising up to Rs 433 crore through equity, including 92 lakh shares at Rs 470 each. The company also incorporated a wholly owned subsidiary, Skipper Transmission & Distribution, in Abu Dhabi.
- NBCC secured orders worth Rs 83.2 crore from three entities, including a Rs 40 crore residential construction project from Canara Bank.
- BHEL received an order worth Rs 2,000–2,500 crore from a Nigerian client for eight gas turbine generator packages.
Stock Market Live: GMR Airports, Lenskart Among Stocks In Bulk And Block Deals
- In GMR Airports, FMRC Fidelity Advisor International Capital Appreciation Fund bought 14.92 crore shares, while Goldman Sachs Trust II sold 16.27 crore shares at Rs 97.75 each.
- Fidelity Investment Trust Fidelity International Small Cap Fund bought 19.5 crore GMR Airports shares, while GQG Partners Emerging Markets Equity Fund sold 19.5 crore shares at Rs 97.75 each.
- In Lenskart Solutions, SVF II Lightbulb (Cayman) sold 5.65 crore shares. Buyers included Societe Generale - ODI, Goldman Sachs Bank Europe SE - ODI, Kotak Funds, ICICI Prudential Mutual Fund, Fidelity Funds, Mirae Asset Mutual Fund, Quant Mutual Fund and HDFC Life Insurance Company.
Stock Market Live: CMR Green Technologies IPO Subscribed 2.46 Times On Day 1
- CMR Green Technologies’ IPO was subscribed 2.46 times on the first day of bidding.
- The non-institutional investor portion was subscribed 5.67 times, while the retail investor portion was subscribed 2.45 times.
Stock Market Live: JBM Auto Records 49% Market Share In Electric Bus Segment In May
- JBM Auto said it recorded a 49% market share in the electric bus segment in May.
- The company sold 157 electric buses during the month.
Stock Market Live: Indian Energy Exchange May Electricity Volume Rises 18.6% YoY
- Indian Energy Exchange said electricity traded volume rose 18.6% year-on-year to 12,983 MU in May.
- Day-ahead market volume increased 25% to 4,417 MU, while real-time market volume rose 15.9% to 5,529 MU. The average day-ahead market price rose 18.3% to Rs 4.88 per unit.
Stock Market Live: US Stock Futures Trade Mixed Ahead Of Wall Street Open
- S&P 500 futures fell 0.5%, while Nasdaq 100 futures declined 0.6%.
- Dow Jones Industrial Average futures traded marginally higher.
Stock Market Live: Asian Equities Decline As Japan, China And Hong Kong Indices Fall
- Japan’s Nikkei 225 fell 1.74% after touching a record high in the previous session, while the Topix declined 1.09%.
- South Korea’s Kospi dropped 1.25%, while the Kosdaq rose 3.83% as trading resumed after a holiday.
- Australia’s S&P/ASX 200 lost 1.14%, China’s CSI 300 fell 0.84%, and Hong Kong’s Hang Seng declined 0.93%.
Stock Market Live: GIFT Nifty Signals Lower Start For Indian Equities
- GIFT Nifty traded at 23,313, compared with Wednesday’s Nifty 50 close of 23,405.60.
- The early indicator pointed to a lower opening for Indian equities.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
