Stock Market LIVE: Nifty, Sensex Off Lows As RIL And L&T Shares Support
Defence and realty stocks were the biggest laggard on National Stock Exchange.
KEY HIGHLIGHTS
Stock Market LIVE: HBL Engineering Gets Order Worth Rs 54 Crore
HBL Engineering Ltd. received order worth Rs 54 crore, the company said in the exchange filing.
IPO News: Highway Infra Lists At 67% Premium Over IPO Price
Highway Infrastructure Ltd. made a stellar debut at the stock market on Tuesday, listing at a premium of 67% over the IPO price. The scrip opened trading at Rs 115 on the NSE and Rs 117 on the BSE. The IPO price was Rs 70.
The Rs 130-crore IPO was subscribed 300.61 times, with the non-institutional investors portion overbooked by 447 times, institutional investors by 420 times and the retail portion by 156 times.
Stock Market LIVE: Suzlon Energy Share Price Gains Ahead Of Q1 Results Announcement
The shares of Suzlon Energy Ltd., was trading higher ahead of the company posting its first quarter results. The company in the previous quarter had reported a nearly fivefold surge in its fourth-quarter net profit, majorly due to a deferred tax credit but also driven by solid revenue and operating income growth.
Stock Market LIVE: Hindalco Industries Shares Fall After Novelis Q1 Profit Drops
Hindalco Industries Ltd. shares fell during early trade on Tuesday after US arm Novelis Inc. reported a subdued first quarter, missing market expectations.
The company's net profit fell 67% sequentially to $96 million for the June quarter of fiscal 2026. On a year-on-year basis, it was down 36%.
Sectoral Performance At Open: Nifty Finance Underperforms
On National Stock Exchange Ltd., three sectoral indices opened lower, eight higher, and four remained flat out of 15.
