Stock Market Highlights: Nifty, Sensex Extend Gains For Fourth Consecutive Trading Session As Banking Shares Lead
The NSE Nifty 50 closed 159.50 points, or 0.66%, higher at 24,430.35, while the BSE Sensex gained 521.16 points, or 0.67%, to end at 78,285.07.
8 hours ago
Indian equity benchmarks extended gains for the fourth consecutive trading session. The NSE Nifty 50 closed 159.50 points, or 0.66%, higher at 24,430.35, while the BSE Sensex gained 521.16 points, or 0.67%, to end at 78,285.07.
Meanwhile, oil prices extended losses as improving crude flows through the Strait of Hormuz and OPEC+'s decision to raise production targets increased expectations of higher global supply. Brent crude slipped below $72 a barrel, while West Texas Intermediate traded near $68. Tanker traffic through the Strait of Hormuz has been normalising after several vessels resumed journeys through the waterway.
Elsewhere, European markets traded mixed, with the STOXX 600 up 0.02% at 652.92. France's CAC rose 0.43%, Italy's FTSE MIB gained 0.35%, the UK's FTSE advanced 0.30% and Germany's DAX rose 0.18%. Spain's IBEX 35 fell 0.38%.
Stock Market Wrap: Nifty Closes Higher As HDFC Bank, Hindalco Lead Gains
- Nifty closed higher on Monday, rising over 0.5%. HDFC Bank and Hindalco Industries were among the top gainers on the index. HDFC Bank rose almost 3.5%, while Hindalco Industries gained nearly 3%.
- Broader markets underperformed the benchmarks. Nifty Midcap 150 closed nearly 0.4% higher, led by Dixon Technologies and Hitachi Energy. Dixon Technologies rose almost 7%, while Hitachi Energy gained over 4%.
- Nifty Smallcap 250 ended nearly 0.5% higher. Aegis Vopak and Swan Corp. were among the top gainers in the index, rising almost 9% and over 7%, respectively.
- All sectoral indices ended in the green except Nifty IT and Nifty PSU Bank. Nifty Realty was the top sectoral gainer, rising nearly 2%, led by Brigade Enterprises and Lodha Developers. Brigade Enterprises gained over 4.5%, while Lodha Developers rose over 3.5%.
- Nifty PSU Bank was the top loser, falling nearly 1%. Bank of India and Bank of Maharashtra were among the top losers in the index, both declining over 2.5%.
- Nifty PSU Bank fell for the third straight session, while Nifty IT snapped a two-day gaining streak. Nifty FMCG and Nifty Financial Services rose for the fourth straight session. Nifty Pharma and Nifty Metal gained for the third straight session, while Nifty Bank snapped a two-day losing streak. Nifty Oil and Gas and Nifty Realty advanced for the fifth consecutive session.
Stock Market Live: Nifty, Sensex Rise For Fourth Straight Session
- Indian equity benchmarks extended gains for the fourth consecutive trading session.
- Nifty 50 closed 159.50 points, or 0.66%, higher at 24,430.35, while the Sensex gained 521.16 points, or 0.67%, to end at 78,285.07.
Stock Market Live: SEBI Plans Easier Short-Selling Rules, Reuters Reports
- SEBI aims to make it easier for investors to short stocks by nearly doubling the number of shares eligible for lending and borrowing, Reuters reported, citing people with direct knowledge of the plans.
- The regulator also plans to cut collateral requirements. The proposed changes are aimed at boosting cash equities and drawing investors away from India’s larger derivatives market.
Stock Market Live: European Markets Trade Mixed; CAC, FTSE Gain
- European markets traded mixed, with the STOXX 600 up 0.02% at 652.92.
- France’s CAC rose 0.43%, Italy’s FTSE MIB gained 0.35%, the UK’s FTSE advanced 0.30% and Germany’s DAX rose 0.18%. Spain’s IBEX 35 fell 0.38%.
Stock Market Live: Asian Markets End Mixed; Hang Seng Gains
- Asian markets ended mixed on Monday, excluding Nifty.
- Hong Kong’s Hang Seng rose 1.14% to 23,616.32, while Australia’s ASX 200 fell 0.15% to 8,831.00.
- South Korea’s Kospi declined 0.46% to 8,051.33, Japan’s Nikkei 225 slipped 0.01% to 69,737.69 and Shanghai fell 0.06% to 4,041.238.
Stock Market Live: Mumbai Faces Waterlogging Risk As High Tide, Heavy Rain Coincide
- Maharashtra Chief Minister Devendra Fadnavis said Mumbai may face waterlogging if heavy rain occurs during the 3 p.m. high tide, along with strong winds.
- He said 350 trees have been uprooted across the city so far and wind speeds are expected to be stronger today. Mumbai has received its average monthly rainfall in four days, while alerts have also been issued for vulnerable areas after an incident in Mankhurd.
- Fadnavis said a major alert has been issued for Nashik and nearby areas for Tuesday. He also said 100 tonnes of debris fell on the Pune Highway due to a landslide.
Stock Market Live: Amit Shah Announces Cooperative Life Insurance Company
- Union Cooperation Minister Amit Shah said the government will set up a life insurance company in the cooperative sector, PTI reported.
- Shah said the move will support the growth of cooperatives in insurance. He also said Bharat Taxi is doing well and will be expanded to 500 cities over the next two years.
- India has around 8.5 lakh cooperatives with more than 30 crore members. Shah also announced initiatives including new godowns, e-PACS expansion and cooperative sector capacity-building measures.
Stock Market Live: J&K Bank Says CASA Volume Increased In Q1
- Jammu & Kashmir Bank told NDTV Profit that Q1 CASA volume increased by 7.5 percentage points, while banks remained focused on increasing deposits.
- The bank said terrorist attacks and floods had affected business in Jammu and Kashmir last year. It plans to expand its retail footprint across India.
- J&K Bank said NIM is expected to improve, though cost of deposits remains under pressure. It said there is no inherent stress in asset quality.
Stock Market Live: BMC Asks Builders To Suspend Hazardous Work Amid Heavy Rain Alert
- The Brihanmumbai Municipal Corporation asked developers and contractors to suspend hazardous construction activities after a red alert for extremely heavy rain and strong winds in Mumbai, PTI reported.
- The civic body asked project sites to inspect scaffolding, tower cranes, hoists, safety nets and temporary structures. It also directed builders to secure loose materials, suspend work at heights where needed and ensure worker safety measures.
Stock Market Live: Government Explores Stake Sale Options In LIC, Sources Say
- The government is exploring multiple options to divest stake in LIC, including QIP, FPO and other routes apart from an OFS, according to sources.
- No final decision has been taken yet. Officials are weighing all available options and the stake sale will be calibrated based on market appetite.
- Sources said investor roadshows across Mumbai, Singapore, the UK and the US have concluded with positive feedback from domestic and overseas investors. The government is targeting a Q2 launch, subject to market conditions.
Stock Market Live: Mumbai Issues Work-From-Home Advisory Amid Weather Alert
- SDMA Maharashtra has issued directions for Mumbai amid the current weather situation, according to BMC.
- Private offices have been advised to allow work from home wherever possible, while non-essential government offices will observe a half-day.
- Citizens have been advised to avoid unnecessary travel and follow official updates.
Stock Market Live: Mihir Vora Says Market Is Forming A Good Base
- Mihir Vora told NDTV Profit that a good base is forming for the market and the worst of FII pessimism appears to be over. He said domestic liquidity is enough to support the market.
- Vora said Q1 earnings may be mixed, with financials likely to surprise positively. He expects engineering and healthcare to do well and remains bullish on banks, capital goods and domestic cyclicals.
- He said FII selling and oil were the biggest overhangs on the market, while valuations have corrected to normal levels. He also said the AI theme appears to be rationalising and India remains a strong emerging market.
Stock Market Live: Ceinsys Tech To Invest Rs 25 Crore In JV With AI Fabrik
- Ceinsys Tech will invest Rs 25 crore in a joint venture with US-based AI Fabrik, according to an exchange filing.
- The company also approved the appointment of Richa Jain as Deputy Chief Financial Officer.
Stock Market Live: Nifty, Bank Nifty Rally As HDFC Bank Lifts Benchmarks
- Nifty and Nifty Bank gained around 12:30 p.m., supported by HDFC Bank’s Q1 business update and options data indicating further upside.
- Benchmarks outperformed small and midcap indices, while buying was seen in realty and capital goods. IT, media and capital market-linked stocks traded under pressure.
- Risk-on sentiment stayed firm globally, though the rupee remained under pressure. FIIs turned buyers in the cash market after four sessions.
Stock Market Live: NSE To Start IPO Roadshows From July 17, Sources Say
- NSE is likely to start roadshows for its upcoming $3 billion IPO from July 17, according to sources.
- Investor meetings are planned across the US, London, Singapore, Hong Kong, the Middle East and India. NSE is targeting a listing in the second half of September.
- The exchange is looking at a valuation of about Rs 5 lakh crore, with an issue size at 6% of market capitalisation. Sources said the size, valuation and timing may change based on
Stock Market Live: Jefferies Initiates Kirloskar Oil Engines With Buy Rating
- Jefferies initiated coverage on Kirloskar Oil Engines with a Buy rating and a target price of Rs 2,815.
- The brokerage expects the genset industry to grow at a 16% CAGR over FY26–30, with Kirloskar Oil Engines expected to grow faster than the industry through market share gains.
- Jefferies expects product and revenue mix to support margin improvement. It projects 22% EPS CAGR over FY26–30 and ROE improving to over 20%, while data centres could add further upside.
Stock Market Live: Key F&O Levels For Traders
Current options positioning indicates:
- Nifty support: 24,300
- Nifty resistance: 24,400
- Bank Nifty support: 58,000
- Bank Nifty resistance: 59,000
These remain the key weekly option levels traders are likely to monitor.
Stock Market Live: Kotak Bank, Dabur See Fresh Short Build-Up
Stocks witnessing price declines alongside rising open interest include:
- Kotak Mahindra Bank
- Dabur India
- Inox Wind
- ITC
- IEX
- LIC
- KPIT Technologies
- Power Grid
- IRFC
- PFC
- Larsen & Toubro
- DLF
The combination suggests fresh short positions.
Stock Market Live: Oberoi Realty, ICICI Bank Among Short-Covering Candidates
Stocks witnessing price gains while open interest declined include:
- Oberoi Realty
- ICICI Bank
- IDFC First Bank
- Havells
- HDFC Bank
- IOC
- GAIL
- HDFC AMC
- Bharti Airtel
- Indus Towers
- Cholamandalam Investment
- Idea
- Coal India
- AU Small Finance Bank
The setup indicates short-covering activity.
Stock Market Live: LIC, Axis Bank Lead Long Unwinding
Stocks witnessing price declines along with lower open interest include:
- LIC
- Axis Bank
- Federal Bank
- Adani Energy Solutions
- Solar Industries
- Jio Financial Services
- Petronet LNG
- PFC
- ABB
- Reliance Industries
- ITC
- IRFC
This points to long liquidation.
Stock Market Live: Godrej Consumer Products Tops Accumulation List
Stocks showing price gains alongside higher open interest include:
- Godrej Consumer Products
- Indian Hotels
- Lodha
- Muthoot Finance
- DLF
- IndusInd Bank
- ONGC
- Mahindra & Mahindra
- REC
- Fortis Healthcare
The setup indicates fresh long build-up.
Stock Market Live: Bajaj Finserv, Bajaj Auto See Strong OI Build-Up
Among stocks shown, notable increases in total derivative open interest include:
- Apollo Hospitals ( 82.29%)
- Bajaj Finserv ( 71.77%)
- Bajaj Auto ( 52.53%)
- Ambuja Cements ( 43.66%)
- Alkem ( 41.19%)
Stock Market Live: Apollo Hospitals Leads Derivative Build-Up
- Apollo Hospitals recorded one of the strongest increases in derivative participation.
- Total open interest has increased 82.29%, while Put open interest has surged more than 500% since the previous expiry.
Stock Market Live: Nifty Fin Service Sees Sharp Increase In Options Activity
- Nifty Fin Service has declined 1.60%, but total derivative open interest has increased 88.31%.
- Call open interest has surged 150.27%, while Put open interest has risen 106.41%.
Stock Market Live: Nifty Mid Select Outperforms Benchmark
Nifty Mid Select has gained 8.88% since the previous expiry, while total derivative open interest has risen 67.34%.
Stock Market Live: Bank Nifty OI Rises 31% Since Previous Expiry
Bank Nifty has gained 0.12% since the previous expiry, while total derivative open interest has increased 30.83%.
Stock Market Live: Nifty Derivative Open Interest Rises 142% Since Previous Expiry
- Nifty has declined 6.02% since the previous expiry, while total derivative open interest has risen 141.62% to 1.15 crore contracts.
- Put open interest has increased 180.97%, compared with a 115.09% rise in Call open interest.
Stock Market Live: Bank Nifty Witnesses Broad OI Unwinding
Both Call and Put writers reduced positions across several strikes.
The biggest Call unwinding was seen at:
- 58,100
- 58,500
- 58,000
Put unwinding was strongest at:
- 58,500
- 58,000
- 57,900
The data suggests traders are reducing exposure ahead of fresh positioning.
Stock Market Live: Bank Nifty Resistance Seen At 59,000
- The 59,000 strike has the highest Call open interest at nearly 13 lakh contracts, while 58,000 remains another major Call base.
- These strikes are likely to cap upside moves.
Stock Market Live: Bank Nifty Put Base Remains At 58,000
- The 58,000 strike continues to hold the highest Put open interest at nearly 13 lakh contracts, making it the strongest support level.
- Additional Put open interest is concentrated at 59,000 and 58,500.
Stock Market Live: Nifty Options Positioning Signals 24,300-24,400 Zone
Current weekly options data shows:
- Highest Put OI: 24,300
- Highest Call OI: 24,400
- Fresh Put additions: 24,200 and 24,400
- Largest Call unwinding: 24,500
The options setup continues to indicate the 24,300-24,400 zone as the immediate trading range.
Stock Market Live: Call Writers Unwind 24,500 Strike
- The biggest reduction in Call open interest was recorded at the 24,500 strike, followed by 24,300.
- Fresh Call additions were seen at 24,400 and 24,600, suggesting resistance is now concentrated around 24,400.
Stock Market Live: Put Writers Exit Deep OTM Strikes
Fresh unwinding in Put open interest was concentrated at lower strikes, with the biggest reductions seen at:
- 23,900
- 23,700
- 23,500
- 23,600
- 23,800
Fresh Put additions were visible only at 24,200 and 24,400, indicating support has shifted higher.
Stock Market Live: Nifty Call Writers Defend 24,400
- The 24,400 strike has the highest Call open interest at around 18 lakh contracts, making it the immediate resistance level.
- Significant Call open interest is also visible at 24,500, 24,600 and 25,000.
Stock Market Live: Nifty Put Writers Shift Key Support To 24,300
- The 24,300 strike holds the highest Put open interest at over 25 lakh contracts, making it the strongest support for the weekly expiry.
- Put open interest also remains high at 24,000, 24,200 and 24,400.
Stock Market Live: Vehicle Registrations Rise 21.83% In June, FADA Says
- Overall vehicle registrations rose 21.83% year-on-year in June to 25,57,234 units, according to FADA.
- FADA said June marked the best-ever June for two-wheelers, three-wheelers, commercial vehicles and passenger vehicles.
Stock Market Live: Bank Of Maharashtra Q1 Business Rises 19%
- Bank of Maharashtra reported 19% year-on-year growth in total business at Rs 6.51 lakh crore as of June 30, according to an exchange filing.
- Deposits rose 13% to Rs 3.44 lakh crore, while global advances grew 27% to Rs 3 lakh crore. Corporate advances increased 21% to Rs 1.11 lakh crore.
- The CASA ratio stood at 49%, compared with 50% a year earlier.
Stock Market Live: Nifty Midcap 100 Trades Flat; Bharat Dynamics, Indus Towers Lead Gains
- Nifty Midcap 100 traded near the flatline at 62,192.10, after touching an intraday high of 62,393.95 and a low of 62,180.50, according to NSE data.
- Bharat Dynamics rose 2.58%, while Indus Towers gained 2.57% and Bharti Hexacom advanced 2.23%. Hitachi Energy and FSN E-Commerce also traded higher.
- KPIT Technologies fell 1.83%, while BSE declined 1.82% and Suzlon Energy slipped 1.60%. M&M Financial Services and Rail Vikas Nigam also traded lower.
Stock Market Live: Coforge, OFSS Lead Gains In Nifty IT
- Coforge rose 0.61%, while Oracle Financial Services Software gained 0.28% and HCL Technologies advanced 0.16%, according to NSE data.
- TCS fell 0.79%, while Tech Mahindra declined 0.52% and Wipro slipped 0.36%. Persistent Systems and Mphasis also traded lower.
Stock Market Live: HDFC Bank, ICICI Bank Lead Nifty Gains
- HDFC Bank was the top contributor to Nifty 50 gains, adding 44.39 points, followed by ICICI Bank at 28.74 points and Axis Bank at 16.25 points.
- Bharti Airtel and BEL added 6.72 points and 6.41 points, respectively. Reliance Industries was the biggest drag, pulling the index down by 7.68 points, followed by TCS, Kotak Mahindra Bank, ITC and Infosys.
Stock Market Live: Defence, Bank Lead Sectoral Gains; IT, Media Decline
- Nifty India Defence rose 1.04%, while Nifty Bank gained 0.60% and Nifty Metal advanced 0.50%, leading sectoral gains, according to NSE data.
- Nifty Financial Services, Realty, Auto, Rural and Energy also traded higher. Nifty IT fell 0.51%, while Nifty Media declined 0.40% and Nifty Oil and Gas slipped 0.18%.
Stock Market Live: Axis Bank, HDFC Bank Lead Gains In Nifty Bank
- Axis Bank rose 1.86%, while HDFC Bank gained 1.76% and AU Small Finance Bank advanced 1.24%, according to NSE data.
- ICICI Bank rose 1.22% and Federal Bank gained 0.61%. Kotak Mahindra Bank fell 2.89%, while Canara Bank and Punjab National Bank slipped 0.05% each.
Stock Market Live: Nifty, Sensex Extend Gains For Fourth Session
- Indian equity benchmarks extended gains for the fourth consecutive trading session.
- The NSE Nifty 50 rose as much as 0.3% to 24,332, while the BSE Sensex gained as much as 0.3%, or 208 points, to 77,972.61.
Stock Market Live: Nifty, Sensex Rise In Pre-Open Trade
- Nifty 50 rose 36 points, or 0.15%, to 24,306.85 in pre-open trade.
- Sensex gained 176.99 points, or 0.23%, to 77,940.90.
Stock Market Live: Rupee Opens Lower Against US Dollar
- The Indian rupee opened lower against the US dollar on Monday.
- The local currency depreciated as much as 5 paise to 95.28 against the greenback.
Stock Market Live: Brokerages Split On Nykaa After Q1 Update
- Citi maintained Sell on Nykaa with a target price of Rs 240. It said beauty and personal care growth remained steady, while fashion growth accelerated.
- Morgan Stanley maintained Overweight with a target price of Rs 321, citing a strong Q1 preliminary update. It said GMV and NSV growth are expected in the early 30% range.
- Both brokerages said fashion growth improved and beauty momentum sustained. Margins remain a key monitorable.
Stock Market Live: Jefferies Initiates Coverage On Kirloskar Oil Engines With Buy Rating
- Jefferies initiated coverage on Kirloskar Oil Engines with a Buy rating and a target price of Rs 2,815.
- The brokerage expects the genset industry to grow at a 16% CAGR during FY26–30 and sees Kirloskar Oil Engines gaining market share.
- Jefferies expects product mix improvement to support margins and projects 22% EPS CAGR during FY26–30. It said data centres could provide further upside.
Stock Market Live: Brokerages Flag Stabilisation Signs At IndusInd Bank
- Citi maintained Sell on IndusInd Bank with a target price of Rs 800. It said loan growth re-accelerated, with improvement in vehicle finance, SME and consumer banking.
- The brokerage said MFI disbursements are likely to outpace repayments, while bulk deposits are being optimised. It expects deposits to contract sequentially and sees gradual reduction in NNPA.
- Morgan Stanley said IndusInd Bank is showing early signs of balance-sheet stabilisation, with deposit momentum improving.
Stock Market Live: Brokerages See HDFC Bank Loan Growth Improving In Q1
- Bernstein maintained Outperform on HDFC Bank with a target price of Rs 1,150. It said CASA deposit growth is improving, though average loan and deposit growth lagged period-end growth.
- Citi removed HDFC Bank from its Pan-Asia Focus List but said medium-term upside remains. It said near-term earnings momentum may soften due to loan growth and NIM recovery, while CEO reappointment remains a key monitorable.
- Morgan Stanley maintained Overweight with a target price of Rs 1,025 and expects the stock to outperform over the next 60 days. It said loan growth picked up meaningfully and valuations remain attractive versus history.
Stock Market Live: Brokerages See Godrej Consumer Q1 Beating Expectations
- Citi maintained Buy on Godrej Consumer with a target price of Rs 1,300, while HSBC retained Buy with a target price of Rs 1,250. Macquarie maintained Outperform with a target price of Rs 1,250.
- Morgan Stanley maintained Equal-weight with a target price of Rs 1,109, while Nomura retained Buy with a target price of Rs 1,300.
- Brokerages said Godrej Consumer’s Q1FY27 update was better than expected, led by India and overseas businesses. They said margin pressure may peak in Q1, while recovery is expected through FY27.
Stock Market Live: Brokerages See Dabur Recovery Continuing After Q1 Update
- Bank of America said Dabur’s business recovery is continuing, with overseas business remaining positive. It said valuation discount to peers and historical levels captures concerns, while improving business performance makes risk-reward favourable.
- Citi maintained Sell on Dabur with a target price of Rs 425, while Macquarie maintained Neutral with a target price of Rs 470. Morgan Stanley retained Underweight with a target price of Rs 425.
- Nomura maintained Buy with a target price of Rs 600, citing return of double-digit growth, sequential business improvement and turnaround expectations under the new CEO.
- Brokerages said Dabur is benefiting from growth in home and personal care and overseas markets. They also flagged the sustainability of recent growth acceleration as a key monitorable.
Stock Market Live: Brokerages Weigh Impact Of Chinese Transformer Exemption
- CLSA said India’s two-year exemption for four Chinese transformer companies may not affect near-term industry volumes, but higher competition could put pressure on pricing and margins.
- Jefferies said import restrictions remain and the demand-supply mismatch continues. It remains constructive on power T&D and sees Hitachi Energy and Siemens Energy as top picks.
- Macquarie said the exemption reflects the government’s effort to ease equipment shortages, but is unlikely to lead to large-scale Chinese imports in sensitive grid infrastructure. It said margin pressure is possible for 765kV GIS players.
Stock Market Live: Brokerages See Bank Earnings Growth Improving In FY27
- Citi expects bank EPS growth at 10% in FY26 and 14% in FY27, with FY27 margin expectations seen as reasonable and nearly flat year-on-year.
- The brokerage said credit growth, auto sales and property data were stronger than expected, while nominal GDP growth of 12–12.5% should support revenue growth.
- Morgan Stanley said loan growth trends are diverging across banks. It said HDFC Bank saw meaningful acceleration in loan growth, Axis Bank maintained volume momentum, while Kotak Mahindra Bank saw moderation in loan and deposit growth.
- The brokerage said IDFC First Bank maintained loan growth above 20%, while IndusInd Bank showed early signs of balance sheet stabilisation. It said deposit momentum improved at IDFC First Bank and IndusInd Bank.
Stock Market Live: Nifty Futures Trade At 81-Point Premium
- Nifty July futures rose 0.35% to 24,351, trading at a premium of 81 points.
- In Nifty options, maximum call open interest was at the 25,000 strike, while maximum put open interest was at the 24,000 strike.
- No securities are in the F&O ban period.
Stock Market Live: Bharat Seats, Vedanta Oil And Gas Shortlisted Under ASM Framework
- Amir Chand Jagdish Kumar (Exports) will see its price band revised to 5% from 10%.
- Bharat Seats and Vedanta Oil and Gas have been shortlisted under the Short-Term ASM Framework.
- Igarashi Motors India, Supriya Lifescience and Vedanta Iron and Steel will be excluded from the ASM Framework.
Stock Market Live: Senco Gold Promoter Trust Buys 8,920 Shares
- Senco Gold promoter Jai Hanuman Shri Siddhivinayak Trust, represented by trustees Suvankar Sen and Joita Sen, bought 8,920 shares, according to insider trade data.
Stock Market Live: Policybazaar, IKIO, Saksoft Among Bulk Deals
- MacRitchie Investments Pte sold 1.02 crore shares of Policybazaar at Rs 1,604.12 apiece.
- In IKIO, Junomoneta Finsol bought 10,032 shares at Rs 193.53 apiece, while QE Securities bought 7,492 shares at Rs 194.14 apiece. Microcurves Trading and NK Securities Research sold shares in separate transactions.
- HRTI sold 9,879 shares of Ramco Systems at Rs 802.55 apiece and bought 13,115 shares of Saksoft at Rs 180.69 apiece. Neo Apex Share Broking sold 2.5 lakh shares of Vedanta Iron & Steel, while QE Securities sold 21,815 shares of Zensar Technologies.
Stock Market Live: Aastha Spintex To List Today At Rs 136 Issue Price
- Aastha Spintex will list on the exchanges on July 6. The textile manufacturer had fixed its IPO issue price at Rs 136 per share.
- The company processes raw cotton into cotton bales and different types of cotton yarn.
Stock Market Live: Apollo Micro Systems, Embassy Developments, SEPC Boards To Consider Fundraising
Apollo Micro Systems, Embassy Developments and SEPC will hold board meetings on July 6 to consider fundraising proposals.
Stock Market Live: ICICI Bank, Astral, GK Energy, Adani Enterprises Among Stocks In News
- ICICI Bank signed a letter of undertaking with Prudential Corp. and will apply to IRDAI to reclassify Prudential Corp. under the investor category.
- Astral will undertake an independent review of its scheme of arrangement with Astral Chemie and Al-Aziz Plastics. GK Energy received a Rs 236 crore order for 10,000 solar photovoltaic water pumps.
- Adani Enterprises’ Adani Defence & Aerospace will invest Rs 2,500 crore in South Asia’s largest private-sector missile ecosystem in Shivpuri, Madhya Pradesh.
Stock Market Live: HDFC Bank, Nykaa, Vedanta, AU SFB Among Q1 Business Updates
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HDFC Bank reported 14.6% growth in deposits to Rs 31.70 lakh crore, while gross advances rose 15.4%. Axis Bank’s gross advances grew 18.8% and deposits rose 18.2%, while Kotak Mahindra Bank’s net advances rose 15% and deposits grew 11.7%.
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Yes Bank’s loans and advances rose 18.4% to Rs 2.9 lakh crore, while deposits grew 14.3% to Rs 3.2 lakh crore. AU Small Finance Bank reported 25.8% growth in gross advances and 23.5% growth in deposits. Karur Vysya Bank’s advances rose 17%, while deposits grew 15%.
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RBL Bank reported 21% growth in gross advances and 11% growth in deposits, while IDBI Bank’s deposits rose 10% and net advances grew 22%. Bandhan Bank’s advances rose 16.4% and deposits grew 6.6%. Central Bank’s advances rose 28.77%, while deposits increased 11.66%.
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Nykaa expects consolidated GMV and NSV growth in the early thirties and revenue growth near the thirties, led by its beauty and fashion verticals. Dabur expects double-digit revenue and profit growth, while Godrej Consumer expects high-teen revenue growth and double-digit EBITDA growth.
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Vedanta’s Zinc India business reported its highest-ever Q1 mined metal production, while Vedanta Aluminium reported its highest-ever aluminium output and value-added products. Vedanta Power sales rose 38% to 5,225 million units, while Vedanta Oil and Gas production fell 17%.
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Sobha reported its highest-ever quarterly sales value, with sales area up 62%. Senco Gold reported 60% revenue growth and 48% retail revenue growth, while AWL Agri Business reported mid-single-digit volume growth and 87% growth in branded exports.
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Metropolis Healthcare said revenue rose 16% year-on-year, driven by patient volumes. L&T Finance reported 36% growth in retail disbursements, while CreditAccess Grameen said GLP rose 16.4% and it reported its highest-ever Q1 disbursements.
Stock Market Live: Asian Markets Trade Mixed Ahead Of Fed Minutes
- Asian markets traded mixed on Monday as investors awaited minutes from the US Federal Reserve’s June policy meeting.
- South Korea’s Kospi rose 1.08%, while Japan’s Nikkei 225 slipped 0.25% and Australia’s ASX 200 edged 0.08% lower.
- Investors also tracked lower oil prices and currency moves for cues on regional markets.
Stock Market Live: Oil Extends Losses As Supply Outlook Improves
- Oil prices extended losses as improving crude flows through the Strait of Hormuz and OPEC ’s decision to raise production targets raised expectations of higher global supply.
- Brent crude fell below $72 a barrel, while West Texas Intermediate traded near $68. Tanker movement through the Strait of Hormuz has been normalising after several vessels resumed transit through the waterway.
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