Stock Market Crash Highlights: Nifty, Sensex End Mixed Following Last-Hour Selloff Amid Weak Global Cues
Sectoral indices showed broad-based declines. Realty, Oil & Gas, PSU Bank and IT indices declined between 1.2% and 1.5%. FMCG rose 1.1%, while Financial Services edged up 0.32%.
Benchmark indices gave up gains through the session after hitting intraday highs earlier in the day. Nifty 50 fell 0.12% to close at 23,214.95, after rising to 23,425.35 intraday. Sensex ended 0.09% higher at 73,983.18, down over 600 points from its day's high of 74,613.01.
Index contribution data showed banking stocks supporting the Nifty, while IT and select large-cap names weighed on the index. HDFC Bank contributed 35.32 points and ICICI Bank added 31.22 points, followed by Axis Bank at 14.89. L&T and Hindustan Unilever also supported gains with contributions of 9.13 and 7.83 points, respectively. Infosys was the top drag with a 28.02-point impact, while Reliance Industries, Bharti Airtel and Hindalco also weighed on the index.
Meanwhile, oil prices slipped in intraday trade after earlier gains in the session. WTI July futures fell 0.19% to $88.03 per barrel. Brent August futures declined 0.2% to $91.27 per barrel.
Elsewhere, European markets traded mixed, with select indices declining while others posted modest gains. Germany's DAX fell 0.49%, while the UK's FTSE slipped 0.22% and France's CAC declined 0.08%. BEL 20 rose 0.28% and PSI 20 gained 0.5%, while FTSE MIB advanced 0.31%. STOXX 600 edged lower by 0.23%, reflecting a mixed trend across the region.
Stock Market Wrap: Nifty Ends Lower After Erasing Gains; Sensex Holds Marginal Rise
Benchmark indices gave up gains through the session after hitting intraday highs earlier in the day.
- Nifty 50 fell 0.12% to close at 23,214.95, after rising to 23,425.35 intraday.
- Sensex ended 0.09% higher at 73,983.18, down over 600 points from its day’s high of 74,613.01.
Stock Market Live: Oil India Extends Fall, Drops Over 10% Intraday
Oil India shares fell sharply in intraday trade, extending losses through the session.
- The stock dropped over 10% to around Rs 427.85.
- It hit a high of Rs 467.60 and a low of Rs 422.55 during the day.
Stock Market Live: Media, Energy Lead Losses; FMCG Bucks Trend
Sectoral indices showed broad-based declines, with most sectors trading in the red while FMCG posted gains.
- Nifty Media fell 2.15%, followed by Energy down 1.86% and Metal lower by 1.61%.
- Realty, Oil & Gas, PSU Bank and IT indices also declined between 1.2% and 1.5%.
- FMCG rose 1.1%, while Financial Services edged up 0.32%.
Stock Market Live: India Fuel Consumption Falls 6.5% In May
India’s fuel consumption declined 6.5% in May to 19.93 million tonnes from 21.3 million tonnes a year earlier, according to official data.
- Petrol demand rose 3.3% and diesel demand increased 1.5%, showing slower growth.
- LPG consumption fell 20.5%, while naphtha demand dropped 29.5%.
- ATF sales remained flat at 7.83 lakh tonnes as airlines cut flights.
Stock Market Live: Nifty Slips Below Flat; Sensex Cuts Gains Sharply
Benchmark indices gave up most of their intraday gains after hitting day’s highs earlier in the session.
- Nifty 50 slipped 0.04% to 23,232.65, after touching 23,425.35 earlier.
- Sensex was up 0.19% at 74,057.20, down over 500 points from its intraday high of 74,613.01.
Stock Market Live: Banks Lead Nifty Gains While Infosys, Metals Drag
Index contribution data showed banking stocks driving gains in the Nifty 50, while IT and metal stocks weighed on the index.
- HDFC Bank added 35.08 points, followed by ICICI Bank at 34.75 and Axis Bank at 15.52.
- ITC and Hindustan Unilever also contributed to gains with 9.68 and 7.63 points, respectively.
- Infosys dragged the most with a 27.16-point negative impact, while Hindalco and Bharti Airtel also pulled the index lower.
Stock Market Live: IFFCO-TOKIO Flags Tough FY27 For General Insurance Sector
IFFCO-TOKIO General Insurance MD Subrata Mondal said FY27 may be a difficult year for the non-life insurance industry, citing multiple challenges, PTI reported.
- He said rising fuel prices linked to the West Asia crisis could reduce cargo movement and vehicle sales, affecting insurance demand.
- Mondal added that lower foreign travel and concerns over a weak monsoon may weigh on travel and rural insurance segments.
- He also said competition in segments such as fire and engineering has increased with new entrants putting pressure on premiums.
Stock Market Live: Nifty, Sensex Hold Gains After Hitting Day’s High
Benchmark indices remained higher after touching intraday highs, with gains moderating slightly.
- Nifty 50 was up 0.20% at 23,289.40, after earlier rising to 23,425.35.
- Sensex gained 0.42% at 74,231.87, easing from the day’s high of 74,613.01.
Stock Market Live: Asia Markets Close Lower As Tech Stocks Decline
Asia-Pacific markets ended mostly lower on Wednesday amid a selloff in technology stocks.
- South Korea’s Kospi fell 4.52%, while Japan’s Nikkei 225 declined 1.89%.
- China’s CSI 300 dropped 1.11% to 4,748.59.
- Australia’s S&P/ASX 200 fell 0.57% to 8,653.30.
Stock Market Live: European Indices Trade Mixed With DAX, FTSE Lower
European markets traded mixed, with select indices declining while others posted modest gains.
- Germany’s DAX fell 0.49%, while the UK’s FTSE slipped 0.22% and France’s CAC declined 0.08%.
- BEL 20 rose 0.28% and PSI 20 gained 0.5%, while FTSE MIB advanced 0.31%.
- STOXX 600 edged lower by 0.23%, reflecting a mixed trend across the region.
Stock Market Live: HDFC Life, Petronet LNG See Block Trades
Block trades were reported in HDFC Life and Petronet LNG during the session.
- HDFC Life saw 2.23 million shares change hands in a block deal.
- Petronet LNG saw 1.56 million shares exchanged in a block trade.
Source: Bloomberg
Stock Market Live: FMCG, Banks See Buying; Metals, IT Witness Selling
Markets saw buying interest in FMCG and banking stocks, while metals, IT and gold financing companies faced selling pressure.
- Benchmark indices outperformed mid-cap and small-cap stocks during the session.
- The rupee strengthened, while crude prices remained below $92 per barrel.
- Investors also tracked marginal decline in SIP data and the upcoming US May CPI release.
Stock Market Live: WTI, Brent Ease After Recent Gains
Oil prices slipped in intraday trade after earlier gains in the session.
- WTI July futures fell 0.19% to $88.03 per barrel.
- Brent August futures declined 0.2% to $91.27 per barrel.
Stock Market Live: Bombay HC Grants Interim Relief To Anil Ambani In Tax Case
The Bombay High Court granted interim protection to Anil Ambani from coercive action in a case under the Black Money Act.
- The court admitted Ambani’s petition challenging provisions of the Black Money Act.
- The Income Tax Department had earlier issued a notice alleging tax evasion of Rs 420 crore on undisclosed foreign assets.
Stock Market Live: Nifty Hits Day’s High Above 23,425; Sensex Gains 694 Points
Indian benchmark indices touched their highest levels of the day in intraday trade, extending early gains.
- Nifty 50 rose 0.8% to 23,425.35.
- Sensex gained 0.94% or 694 points to 74,613.01.
Stock Market Live: Mumbai Police Probe Bomb Threat Email Targeting BSE Building
Mumbai Police are investigating a bomb threat email that mentioned the BSE building and other locations, including the Chief Minister’s office and BMC offices.
- The email, sent to civic officials, listed multiple locations and timings for alleged blasts during the day.
- Authorities are treating the threat seriously and verifying its authenticity, with further details awaited from officials.
Source: NDTV Marathi
Stock Market Live: FMCG, Financials Lead Sector Gains While Media, Metal Drag
Sectoral indices showed a mixed trend with gains led by consumption-linked sectors, while media and metal stocks declined.
- Nifty FMCG rose 1.41%, followed by Financial Services up 0.84% and Consumption up 0.53%.
- Pharma and Banking indices gained 0.46% and 0.40%, respectively, while Rural rose 0.33%.
- Nifty Media fell 1.59%, the biggest decline, followed by Metal down 0.84% and Energy lower by 0.71%.
Stock Market Live: ICICI Bank, Axis Bank Lead Nifty Gains While Infosys Drags
Index contribution data showed banking stocks leading gains, while IT and metal stocks weighed on the Nifty 50.
- ICICI Bank contributed 49.08 points to the index, followed by Axis Bank at 18.67 and HDFC Bank at 16.75.
- L&T and Hindustan Unilever also added to gains with contributions of 14.29 and 9.94 points, respectively.
- Infosys dragged the most with a negative contribution of 21.41 points, while Hindalco and Bharti Airtel also weighed on the index.
Stock Market Live: Heritage Foods Sees Input Cost Rise, Expands Overseas Presence
Heritage Foods said it is expanding its presence in the Middle East and South East Asia, according to comments from Executive Director Srideep Kesavan.
- The company said procurement prices rose about 8% in Q4 FY26.
- It expects raw material prices to stabilise gradually going forward.
Stock Market Live: Google Cloud Sees Disruptions In Indian Cities After Data Centre Fire
Google Cloud services faced network disruptions and elevated latency across Delhi, Mumbai and Chennai after a fire at a third-party data centre in the national capital, PTI reported.
- The incident led to an emergency shutdown of networking equipment, reducing capacity and isolating a key network point in Delhi.
- Google said traffic has been rerouted, but users may see latency spikes and packet loss due to higher demand across networks.
- The company said it is taking steps to mitigate the issue and restore normal service.
Stock Market Live: Addverb Plans $100 Million Fundraise Ahead Of IPO Push
Addverb is seeking to raise more than $100 million as it expands operations and prepares for a potential stock market debut, Bloomberg reported.
- The company is investing in new technologies, including humanoid robots, and expanding into markets such as the US, Netherlands and Australia.
- Addverb provides robotics solutions for logistics, warehouses and electronics operations, including sorting and material handling.
Stock Market Live: Banks Raise FCNR-B Deposit Rates After RBI Move
Banks have raised FCNR-B deposit rates by 300–350 basis points after the RBI said it will fully provide for hedging costs under the scheme.
- HDFC Bank set its FCNR-B deposit rate at 6%, while YES Bank and AU Small Finance Bank set rates at 7.10%.
- The facility to cover hedging costs is available until the end of September.
Sources to NDTV Profit
Stock Market Live: Nifty Tops 23,380, Sensex Gains Over 500 Points
Benchmark indices extended gains in early trade, with both Nifty 50 and Sensex rising further.
- Nifty 50 climbed 0.6% to 23,384.45.
- Sensex rose 0.7% or 539 points to 74,458.
Stock Market Live: Hind Rectifiers Board Approves Name Change To Hirect
- Hind Rectifiers said its board has approved a proposal to change the company’s name to Hirect Ltd.
- The update was disclosed through an exchange filing.
Stock Market Live: El Niño Formation Raises Risks For Crops And Energy Supply
El Niño has formed over the equatorial Pacific, signalling potential disruptions to global weather patterns, according to Bloomberg.
- The phenomenon can trigger droughts, floods and temperature swings, affecting agriculture and energy systems.
- Strong El Niño events have historically reduced yields of crops such as palm oil, coffee, cocoa, wheat and rice.
Equity Fund Inflows Slump 40% To Rs 22,908 Crore In May, Lowest In 2026
Stock Market Live: Morgan Stanley Downgrades Oil India To Underweight
Morgan Stanley downgraded Oil India to Underweight from Overweight and cut the target price to Rs 404 from Rs 566.
- The brokerage cited delayed natural gas price increases and lower refinery margins.
- It flagged potential diesel discounts as India moves towards surplus by the second half of FY27.
- Morgan Stanley also pointed to slower domestic production growth and sees 6–7% downside risk to estimates as oil prices normalise.
Stock Market Live: Israel Says It Struck Infrastructure In Southern Lebanon
Israel said its forces carried out strikes on infrastructure in southern Lebanon, including areas near Tyre.
- The Israel Defense Forces said it targeted sites used to launch drones and other infrastructure linked to Hezbollah.
- It also said strikes hit launchers and locations where fighters were operating near IDF positions.
Stock Market Live: Mutual Fund Net AUM Rises To Rs 83.5 Lakh Crore In May
Mutual fund industry net AUM rose to Rs 83.5 lakh crore in May from Rs 81.9 lakh crore in April, even as flows slowed across categories.
- Large-cap inflows stood at Rs 1,593 crore, while mid-cap and small-cap inflows were Rs 4,385 crore and Rs 4,946 crore, respectively.
- Flexi-cap inflows came in at Rs 5,175 crore, while sectoral/thematic inflows were Rs 648 crore.
- Gold ETFs saw an outflow of Rs 725 crore, while multi-asset allocation funds recorded inflows of Rs 3,928 crore.
Stock Market Live: CMR Green Debuts With 34% Gain On Listing
CMR Green Technologies shares rose about 33.68% to Rs 256.66 on debut, compared with the previous reference price of Rs 192. The stock hit an intraday high of Rs 268.96 and a low of Rs 255.65.
Stock Market Live: Oil India Falls Over 2% After Andaman Gas Discovery Update
Oil India shares declined 2.38% to Rs 464.60 in intraday trade despite the company confirming natural gas presence in the Andaman block.
- The stock traded between a high of Rs 467.60 and a low of Rs 461.20 during the session.
- The company said initial tests at the Vijayapuram-3 well confirmed gas presence in its offshore block near the Andaman Islands.
Stock Market Live: Hyundai Says Ops Recovery On Track After Fire At Mobis Unit
Hyundai said some operations were disrupted after a fire at a Mobis unit, but recovery steps are underway and production impact will be limited.
- The company said operations at Pune and Chennai Plant 2 continue as usual, while Chennai Plant 1 saw temporary disruption.
- Hyundai is arranging parts from alternate sources and expects full normalcy across operations by June 22.
- It said any production loss can be recovered next quarter and does not expect a significant impact on June retail sales.
Stock Market Live: Fertiliser Stocks Gain On Reports Subsidy Outlay May Be Doubled
Fertiliser stocks rose after Reuters reported that India may double its subsidy budget for the current fiscal year amid rising global prices linked to the Iran conflict.
- Chambal Fertilisers rose 4.52%, while Sharda Cropchem gained 3.72% and Rashtriya Chemicals & Fertilisers climbed 2.58%.
- Kaveri Seed and Gujarat State Fertilizers also traded higher, alongside Coromandel International.
- A government official told Reuters that the fertiliser department has sought higher support as import costs rise, with India relying on imports of urea, DAP and LNG.
Stock Market Live: TCS Gains While Infosys, Tech Stocks Weigh On IT Index
IT stocks showed mixed performance, with TCS and select stocks contributing to gains while Infosys and others dragged.
- TCS rose 0.79%, while Persistent Systems and Oracle Financial Services also gained.
- Infosys declined 1.48%, the biggest drag, followed by Coforge and Tech Mahindra.
- HCL Technologies and Wipro also traded lower, adding to pressure on the IT index.
Stock Market Live: RIL, ICICI Bank Lead Gains While Infosys Weighs On Nifty
Index contribution data showed Reliance Industries and ICICI Bank as the top contributors to Nifty 50 gains, while Infosys and metal stocks dragged the index.
- Reliance Industries contributed 27.27 points, followed by ICICI Bank at 17.07 and HDFC Bank at 10.44.
- Infosys weighed the most on the index with a 14.16-point drag, while Hindalco and Tata Steel also contributed to declines.
- HUL and SBI added to gains, while Adani Enterprises and Eternal were among other negative contributors.
Stock Market Live: FMCG, Oil & Gas Lead Gains While Metal Sector Declines
Sectoral trends showed mixed moves with FMCG and oil & gas stocks gaining, while metal stocks lagged.
- Nifty FMCG rose 0.75%, followed by Oil & Gas up 0.59%, and IT up 0.36%.
- Nifty Metal fell 1.02%, the biggest decline, while Realty, PSU Bank and Auto indices also edged lower.
- Other sectors including banking, pharma and financial services traded with modest gains.
Stock Market Live: Afcons Infra Jumps Nearly 9% After Rs 5,301 Crore Order Win
Afcons Infrastructure shares rose about 8.95% to Rs 343.75 after the company secured a Letter of Acceptance worth Rs 5,301 crore for a breakwater project at Vadhvan Port.
- The stock gained Rs 28.25 in early trade following the order announcement.
- The contract relates to development work at the Vadhvan Port project.
Stock Market Live: Nifty, Sensex Rise At Open
Indian benchmark indices opened higher, with both Nifty 50 and Sensex gaining in early trade.
- Nifty 50 rose as much as 0.4% to 23,337.80.
- Sensex gained 0.6% or 436 points to 74,354.
Stock Market Live: Nifty Down 0.10% In Pre-Market, Sensex Slightly Higher
Indian benchmark indices showed mixed trends in pre-market trade, with Nifty 50 trading lower and Sensex marginally higher.
- Nifty 50 was down 0.10% at 23,218.80, falling 23.30 points.
- Sensex rose 0.08% to 73,974.70, up 55.94 points.
Stock Market Live: Rupee Opens Lower Against US Dollar
- The Indian rupee opened weaker against the US dollar, falling by 21 paise to 95.56.
- The currency declined at the start of trade compared with the previous close.
Stock Market Live: Macquarie Maintains Outperform On Lenskart With Rs 600 Target Price
Macquarie maintained its Outperform rating on Lenskart with a target price of Rs 600.
- The brokerage expects growth momentum in India to sustain.
- It sees more than 35% EBITDA CAGR over FY26–FY29.
- Macquarie raised its EPS estimate and target price by 5%.
Stock Market Live: CLSA Maintains Outperform On SBI With Rs 1,275 Target Price
CLSA maintained its Outperform rating on State Bank of India with a target price of Rs 1,275.
- The brokerage highlighted stronger compliance with priority sector lending norms and continued focus on retail deposit growth.
- It said SBI’s retail savings and term deposits grew 12–15% in FY26, while corporate salary accounts crossed 20 million.
- CLSA said stable RIDF assets are reducing pressure on net interest margins.
Stock Market Live: Kotak Retains Buy On Eternal With Fair Value Of Rs 385
Kotak Institutional Equities retained its Buy rating on Eternal with a fair value of Rs 385.
- The brokerage said the top three quick-commerce players ended FY26 with 4,525 stores and combined NMV of Rs 277 billion in the fourth quarter.
- It said industry NMV grew 81% year-on-year in FY26, while competitive intensity remained high.
- Kotak said Blinkit appeared more disciplined than newer entrants and near-term growth could improve.
Stock Market Live: Brokerages See Divi’s Labs Benefiting From Supply Chain Diversification
- Jefferies said Divi’s Laboratories is among the key beneficiaries of Biosecure restrictions on Chinese CRDMOs. It estimated the China 1 opportunity for Indian CRDMOs at about $700 million annually.
- Macquarie maintained Outperform on Divi’s Laboratories with a target price of Rs 7,500. It said the updated US DoD 1260H list is positive for Indian CDMOs and expects supply chain diversification to benefit Indian players.
Stock Market Live: JP Morgan Maintains Neutral On Colgate-Palmolive, Overweight On Aegis Logistics
JP Morgan maintained its Neutral rating on Colgate-Palmolive India with a target price of Rs 2,250. It also maintained Overweight on Aegis Logistics and raised the target price to Rs 1,150 from Rs 1,010.
- For Colgate-Palmolive India, JP Morgan said the premiumisation strategy remains intact and expects balanced volume and price-led growth in FY27.
- The brokerage said Colgate-Palmolive India’s EBITDA margin may remain constrained by higher brand investments.
- For Aegis Logistics, JP Morgan said LPG supply shortfall narrowed to 30% in May from 50% in April.
- It expects LPG supply normalisation by Q2 FY27 and raised FY27–FY28 EPS estimates by 14–18%.
Stock Market Live: DAM Capital Starts Coverage On PhysicsWallah With Buy Rating
DAM Capital initiated coverage on PhysicsWallah with a Buy rating and a target price of Rs 140, implying a 33% upside.
- The brokerage expects 24% revenue CAGR and 71% EBITDA CAGR over FY26–FY28.
- It said growth will be driven by online category expansion, maturing offline centres and operating leverage.
- DAM Capital said PhysicsWallah has the lowest customer acquisition cost among Indian ed-tech peers.
Stock Market Live: HSBC Starts Coverage On Max Financial With Buy Rating
HSBC initiated coverage on Max Financial Services with a Buy rating and a target price of Rs 2,120.
- The brokerage said Axis Max Life Insurance remains among India’s fastest-growing life insurers.
- HSBC expects diversified distribution and product mix to support growth and margins.
- It sees operating performance and progress on a potential merger as key catalysts.
Stock Market Live: Jefferies Starts Coverage On Meesho With Buy Rating
Jefferies initiated coverage on Meesho with a Buy rating and a target price of Rs 225.
- The brokerage said Meesho is building a value commerce platform based on affordability, discovery and logistics efficiency.
- Jefferies forecasts 25% NMV CAGR and around 3% adjusted EBITDA margin by FY30.
- It said the company’s net cash balance sheet and negative working capital support capital-efficient growth.
Stock Market Live: AMFI Data, Cabinet Meet, Tata Consumer AGM Among Key Events Today
- Investors will track May AMFI data, a Cabinet meeting, the DGTR press conference and Tata Consumer Products’ AGM during the day.
- Other events include Zee Entertainment’s fundraise, CMR Green Tech’s IPO listing, Day 2 of the BRICS meeting and US May CPI data.
Stock Market Live: Citi Cuts Three-Month Gold Target To $4,000 Per Ounce
Citigroup cut its three-month gold target to $4,000 per ounce from $4,300, while keeping its six- to 12-month target at $5,000 per ounce.
- Spot gold traded at $4,331.72 per ounce in London on Tuesday.
- Citi said gold may face near-term pressure, while a stronger dollar and higher US Treasury yields limited gains.
Stock Market Live: Amber And Kaynes In F&O Ban Period
Amber and Kaynes are in the F&O ban period, according to the latest securities list.
Stock Market Live: Nifty June Futures Trade At Premium Of 104.9 Points
- Nifty June futures rose 0.74% to 23,347.00, trading at a premium of 104.9 points.
- For the June 16 expiry, maximum Call open interest stood at 24,000, while maximum Put open interest was at 21,200.
Stock Market Live: Acutaas Chemicals, Balaji Amines Among Stocks Under Long-Term ASM
- Acutaas Chemicals, Balaji Amines, Monolithisch India and Vinyas Innovative Technologies have been shortlisted under the long-term ASM framework.
- Balaji Amines and Supriya Lifescience will be excluded from the ASM framework.
Stock Market Live: Paisalo Promoter Group Entities Pledge Shares
Paisalo Digital promoter group entities pledged shares, while three stocks saw their price bands revised from 20% to 10%.
- Pri Caf and Pro Fitcch pledged 18.10 lakh shares each in Paisalo Digital.
- Equilibrated Venture Cflow pledged 49.09 lakh shares in the company.
- GRM Overseas, Panacea Biotec and Welspun Specialty Solutions had their price bands changed to 10% from 20%.
Stock Market Live: Adani Green, Ajanta Pharma, Emcure, Bluestone See Bulk Deals
Several stocks saw bulk and block deals on Wednesday, with mutual funds, promoter group entities and investment firms buying or selling shares.
- Adani Infra bought 2.15 crore shares of Adani Green Energy, while Ardour Investment Holding sold the same number of shares at Rs 1,510 each.
- In Ajanta Pharma, Kotak Mahindra Mutual Fund and Aditya Birla Sun Life Mutual Fund bought shares, while Ravi Agrawal Trust sold 34.50 lakh shares at Rs 2,968 each.
- Kotak Mahindra Mutual Fund bought 36 lakh shares of Emcure Pharmaceuticals, while BC Investments IV sold the same quantity at Rs 1,700 each.
- In Bluestone, Nippon India Mutual Fund bought 25 lakh shares, while 360 ONE Special Opportunities Fund, Accel India III and IvyCap Ventures Trust sold shares.
Stock Market Live: Patanjali Foods, Bharti Airtel, Dixon Tech, Afcons Infra Among Stocks In News
Several companies announced updates before trade on Wednesday, including regulatory notices, court orders, fundraises, stake sales and order wins.
- Patanjali Foods received a Maharashtra FDA notice over juice advertisements and promotional labelling, while the company said no monetary penalty has been imposed.
- Bharti Airtel said the Bombay High Court set aside an Rs 8,414 crore demand notice, including an Rs 473.7 crore OTSC demand linked to Bharti Hexacom.
- Dixon Tech signed a binding joint venture term sheet with Gemtek to make optical transceivers and networking equipment for data centre and telecom use.
- Afcons Infra secured a Letter of Acceptance worth Rs 5,301 crore for the breakwater project at Vadhvan Port.
- Newgen Software said CEO Virender Jeet has resigned with effect from August 31, citing personal and professional reasons.
Stock Market Live: GIFT Nifty Trades Marginally Above Tuesday’s Nifty Close
GIFT Nifty traded at 23,251.50, compared with Tuesday’s Nifty 50 close of 23,242.10. It was earlier trading at 23,273.
Stock Market Live: TCS Says No Further Staff Downsizing Planned
Tata Consultancy Services Chairman N Chandrasekaran said the company does not plan further staff downsizing, even as it increases the use of artificial intelligence.
- Chandrasekaran told shareholders at TCS’ 31st AGM that no additional layoffs are planned after last year’s workforce restructuring.
- He said hiring growth may moderate as AI becomes more embedded in business operations and software development.
Stock Market Live: Iranian Media Report Explosions Near Strait Of Hormuz
Iranian media reported explosions and air defence activity across parts of southern Iran near the Strait of Hormuz.
- The reported locations included Bandar Abbas, Qeshm Island, Sirik County and Jask.
- These areas are positioned around the Strait of Hormuz, a key route for global energy shipments.
Stock Market Live: Hormuz Tensions Keep Focus On Global Energy Flows
The latest US-Iran military exchange has renewed focus on the Strait of Hormuz, a key route for global oil and liquefied natural gas shipments.
- Before the conflict, about one-fifth of the world’s crude oil and LNG shipments moved through the waterway.
- US Energy Secretary Chris Wright said vessel movements through Hormuz had improved in recent days, but energy flows could take months to return to normal after the war ends.
Stock Market Live: Israel Strike On Tyre Adds To Regional Tensions
Israel struck the southern Lebanese port city of Tyre, killing at least eight people, according to reports cited by Reuters. The strike came as fighting in Lebanon continued alongside wider Middle East tensions.
- Israeli forces later expanded evacuation warnings to more areas of Tyre.
- Israel has continued military pressure on Hezbollah despite ceasefire discussions involving Iran and the US.
Stock Market Live: Iran Says It Will Respond After US Strikes Near Hormuz
Iranian state media reported explosions on Qeshm Island and near the Strait of Hormuz after the US strikes. Foreign Minister Abbas Araghchi said Iran would respond to the latest American military action.
- Araghchi rejected suggestions that Tehran was solely responsible for the helicopter incident.
- He said foreign forces operating near Iranian territory faced risks and should leave to reduce them.
Stock Market Live: Apache Crash Probe Examines Possible Drone Collision Near Hormuz
A Reuters report said US authorities are examining whether an AH-64 Apache helicopter collided with an Iranian drone near the Strait of Hormuz. Officials have not determined whether any collision was deliberate.
- US Central Command said the two crew members survived and were recovered about two hours later.
- AP reported that a US military drone vessel helped locate the aviators before a helicopter completed the recovery.
Stock Market Live: US Strikes Iran After Helicopter Incident Near Hormuz
The US carried out strikes on targets in Iran after President Donald Trump blamed Tehran for an incident involving a US Army Apache helicopter near the Strait of Hormuz.
- The action added pressure on a fragile ceasefire and ongoing diplomatic talks between the US and Iran.
- The incident also raised concerns over stability around the Strait of Hormuz, a key route for global energy shipments.
Stock Market Live: Brent Crude Rises As Investors Track Middle East Tensions
Brent crude rose 0.8% to $92.15 a barrel after US forces attacked Iran following the downing of an American helicopter. Investors tracked the developments for their impact on oil prices.
Stock Market Live: GIFT Nifty Trades Above Tuesday’s Nifty Close
The GIFT Nifty traded at 23,273, compared with Tuesday’s Nifty 50 close of 23,242.10. The early indicator was 30.9 points above the previous close.
Stock Market Live: Asian Stocks Fall As Tech Selloff And Middle East Tensions Weigh
Asian equities declined on Wednesday as technology shares fell and tensions in the Middle East pushed oil prices higher. The dollar also gained as investors sought safer assets.
- South Korea’s Kospi fell 1.7%, while Japan’s Nikkei also traded lower.
- S&P 500 futures slipped 0.2%, and Hang Seng futures declined 0.7%.
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