Stock Market LIVE: Sensex Falls Over 300 Points, Nifty Declines As HDFC Bank, RIL Shares Weigh
US President Donald Trump threatened steeper tariff on India for Russian oil imports, which roiled risk-on sentiment.
KEY HIGHLIGHTS
IPO News: Laxmi India Shares Debut At 13% Discount To Issue Price
Laxmi India Finance Ltd. made a lacklustre debut at the Street with a 10.47% discount over its issue price. On the National Stock Exchange, the stock started trading at Rs 141.08 apiece, compared to the issue price of Rs 137.52 at 10:00 a.m., at a discount of 12.9%. On BSE, the scrip started trading at Rs 136 apiece, compared to the issue price of 158, at a discount of 12.9%.
IPO News: Aditya Infotech Lists At Over 50% Premium
Aditya Infotech Ltd. listed at over 50% premium. The scrip started trading at Rs 1,015 apiece on the NSE and Rs 1,018 on the BSE. The IPO price was Rs 675 apiece.
Waaree Energies, Premier Energy, Suzlon Energies, BHEL Rated New 'Buy' At UBS
UBS has initiated coverage on multiple industrial and infrastructure power Original Equipment Manufacturers with a buy rating. The brokerage believes that OEMs are expected to see significant growth given UBS sees profits will increase 3.7 times from FY20-25 to FY25-30 and established leaders will see a 45% Compound Annual Growth Rate in profits.
The report suggests that there is room for creating value for stakeholders, and the advantage lies with existing market leaders.
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Waaree Energies, Premier Energy, Suzlon Energies, BHEL Rated New 'Buy' At UBS — Check Target Price
Stock Market Live: Godfrey Phillips Hit Record High As Net Profit Increases
Godfrey Phillips India Ltd. share price hit a record high in Tuesday's session as the company's net profit increased during April–June period.
Sectoral Performance At Open: Nifty PSU Bank Outperforms
On National Stock Exchange, eight sectoral indices advanced, five declined, and two remained flat out of 15 sectoral indices.
