Stock Market Today: Sensex, Nifty Close Week At Record High Led By Infosys, TCS, M&M; FPIs Remain Net Buyers

• Bharat Electronics has received defence and non-defence orders worth Rs 2,191 crore.

• Orders include supply of long range guidance kit with warhead, airborne V/UHF jammer, battlefield surveillance radar systems and more.

• With this, BEL has received orders worth Rs. 8,091 crore till now in the FY 2023-24.

Source: Exchange filing

• HDFC has acquired 36.42 lakh shares or 0.51% more stake in HDFC ergo to raise its total holding to 50.51%.

• Previously CCI and IRDAI had granted the company approval to hold more than 50% of the total paid-up share capital of HDFC Ergo.

Source: Exchange filing

• Paytm has announced its partnership with Shriram Finance for loan distribution.

• Company will offer its platform to Shriram Finance for digital credit for merchant loans and consumer loans.

• Shriram Finance’s products will be made available on Paytm’s platform.

Source: Exchange filing

• Kalpataru Projects International & its international subsidiaries have secured new orders worth Rs 1,008 crore

• Orders include training and development contracts of Rs 635 Crores in Indian and overseas markets

• Contracts for civil works for buildings in India worth Rs 373 crore

Source: Exchange filing

• SBI has appointed four directors on the Central Board of the bank.

• Ketan Shivji Vikamsey and Mrugank Madhukar Paranjape have been re-elected.

• Rajesh Kumar Dubey and Dharmendra Singh Shekhawat are the new members

Source: Exchange filing

The broader market indices were trading higher; the S&P BSE MidCap Index was up 0.50%, whereas S&P BSE SmallCap Index was 0.59% higher.

Seventeen out of the 20 sectors compiled by BSE advanced with S&P BSE Information Technology gaining the most. S&P BSE Telecommunication, S&P BSE Utilities, and S&P BSE Services declined.

The market breadth was skewed in the favour of the buyers. About 2,021 stocks rose, 1,315 declined, while 167 remained unchanged on the BSE.

• Godawari Power and Ispat has 11.5 lakh shares worth Rs 59.8 crore change hands in a large trade at Rs 520 apiece.

• The buyers and sellers were not known immediately.

Source: Bloomberg

• Amrutanjan Healthcare has approved the buyback of up to Rs 28.8 crore worth of equity shares at a price of Rs 900 apiece.

• The buyback offer price is for 3.2 lakh equity shares worth 1.1% equity of the company.

Source: Exchange filing

• HDFC Bank will replace HDFC in FTSE’s global equity indices after their merger.

• Currently HDFC is part of the FTSE indexes, while HDFC Bank is not.

Source: FTSE

• L&T Technology Services has partnered with Palo Alto Networks for 5G and operations technology solutions.

Source: Exchange filing

The broader market indices opened higher; the S&P BSE MidCap Index was up 0.36%, whereas S&P BSE SmallCap Index was 0.54% higher.

Eighteen out of the 20 sectors compiled by BSE advanced with S&P BSE Consurmer Durables gaining the most. S&P BSE Telecommunication and S&P Metal declined.

The market breadth was skewed in the favour of the buyers. About 1,906 stocks rose, 626 declined, while 151 remained unchanged on the BSE.

Source: BSE

At pre-open, the S&P BSE Sensex Index was up 150 points or 0.24% at 64,065.75 while the NSE Nifty 50 Index was 105 points or 0.55% higher at 19,076.85.

Source: Bloomberg

• The local currency strengthened 4 paise to open at 82.02 against the U.S dollar on Friday

• The local currency closed at 82.06 on Wednesday.

Source: Bloomberg

• The yield on the 10-year bond opened 2 bps higher at 7.08% on Friday. It closed at 7.06% on Wednesday.

Source: Bloomberg

TD Power Systems had about 37.2 million shares change hands on NSE in a pre-market trade, according to data compiled by Bloomberg. The buyers, sellers not immediately known.

Source: Bloomberg

• Aurobindo Pharma's Anakapalle plant has been issued fresh observations after a U.S. FDA inspection.

• Cleaning and storage of manufacturing equipment is 'deficient'.

• Lab controls are not scientifically sound and don't have appropriate specification.

• Sampling tools are not cleaned and maintained to prevent contamination at the plant.

• Raw materials stored in hot and humid conditions, not compliant with storage requirements.

Source: Bloomberg

Byju Raveendran Admits Mistakes, Challenges In Virtual Townhall With Employees

Stock Market Today: All You Need To Know Going Into Trade On June 30