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Benchmark Indices Outperformed Broader Market Indices.
Nifty fall 150 points form High and close lower for the day.
Nifty, Sensex, Midcap 150 and small cap 250 fall for the 2nd day in a row.
Nifty Midcap 150 fall 0.5%, drag by Hindustan Zinc and Max Healthcare.
The Ramco Cements and Happiest Minds are the top losers in Nifty Smallcap 250.
All sectoral Indices closed lower, barring Nifty Banka and Auto.
Nifty Media fall 1%, the worst performing sector.
Saregama and Zee Entertainment are the top losers in Nifty Media.
Nifty Media Metal, Oil and Gas, Realty, FMCG, PSU Banks, Pharma, Financial Services fall for the 2nd consecutive day.
Nifty IT snaps three day gaining streak.
Benchmark Indices Outperformed Broader Market Indices.
Nifty fall 150 points form High and close lower for the day.
Nifty, Sensex, Midcap 150 and small cap 250 fall for the 2nd day in a row.
Nifty Midcap 150 fall 0.5%, drag by Hindustan Zinc and Max Healthcare.
The Ramco Cements and Happiest Minds are the top losers in Nifty Smallcap 250.
All sectoral Indices closed lower, barring Nifty Banka and Auto.
Nifty Media fall 1%, the worst performing sector.
Saregama and Zee Entertainment are the top losers in Nifty Media.
Nifty Media Metal, Oil and Gas, Realty, FMCG, PSU Banks, Pharma, Financial Services fall for the 2nd consecutive day.
Nifty IT snaps three day gaining streak.
Rupee closes 23 paise weaker against US dollar at 86.47
It closed at 86.24 a dollar on Tuesday.
Source: Bloomberg
Rupee closes 23 paise weaker against US dollar at 86.47
It closed at 86.24 a dollar on Tuesday.
Source: Bloomberg
Ather Energy has announced plans to significantly expand its retail network. By the end of FY26, the company aims to scale up to 700 Experience Centres across India.
Easy Trip Planners has entered into a partnership with OneBanc to revolutionize corporate travel in India through AI integration.
Reliance Infrastructure's subsidiary, Reliance Aero, has entered into a pact with Dassault Aviation to manufacture Falcon 2000 business jets in India. Dassault Reliance Aerospace will become a Center of Excellence for the Falcon series. Additionally, a final assembly line for Falcon 2000 jets will be established in Maharashtra.
HDFC Bank Ltd. approaches Bombay High Court seeking quashing of FIR against CEO Sashidhar Jagdishan
FIR was filed on complaint by Lilavati Trust
Lilavati trust has accused Jagdishan of accepting Rs 2.05 crore bribe to harass family of one of its members
HDFC Bank has claimed that the accusation is absurd
Source: People in the know
REC has incorporated a new subsidiary named Rajgarh Neemuch Power Transmission.
India’s quick commerce players are holding steady on discounts but ramping up platform fees, according to a new update from Axis Capital. Despite an intense fight for consumer wallets, item-level discounts have largely remained in the 29–35% range across platforms in recent months.
Vedanta has approved its first interim dividend of Rs 7 per share for the fiscal year 2026. The company has also sanctioned the payment of Rs 2,737 crore in interim dividends.
Cyient Foundation, the CSR arm of Cyient, in collaboration with ICT Academy, has launched an Entrepreneurship Development Program for students in Telangana and Andhra Pradesh.
IndusInd Bank Ltd.'s share price rose as high as 5.73% on Wednesday after Nomura Holdings upgraded its stance on the stock from 'neutral' to 'buy'. Additionally, the brokerage has also hiked the price target for IIB from Rs 700 to Rs 1,050.
IndusInd Bank Ltd.'s share price rose as high as 5.73% on Wednesday after Nomura Holdings upgraded its stance on the stock from 'neutral' to 'buy'. Additionally, the brokerage has also hiked the price target for IIB from Rs 700 to Rs 1,050.
Tata Motors launched its LPO 1622 busses in Qatar, Informist reported.
Alembic Pharma received establishment inspection report from the US Food and Drug Administration for inspection at Karakhadi. The regulator inspected the facility between March 17-21
Optiemus Infracom has entered into an agreement with OnePlus to manufacture premium IoT devices in India, the company said in the exchange filing.
Zydus Wellness share price surged 10.67% to Rs 2,155.90 apiece, the highest level since Dec 4, 2024. It pared gains to trade 4.65% higher at Rs 2,035 apiece as of 11:26 a.m.
Zydus Wellness share price surged 10.67% to Rs 2,155.90 apiece, the highest level since Dec 4, 2024. It pared gains to trade 4.65% higher at Rs 2,035 apiece as of 11:26 a.m.
The initial public offering of Arisinfra Solutions Ltd. opened for first day of bidding on Monday. The IPO will stay open till June 20, Friday.
The upcoming IPO will consist solely of a fresh issue amounting to up to Rs 499.6 crore, with no offer-for-sale component, as detailed in the red herring prospectus. Investors can place bids starting from a minimum of 67 shares, with additional bids in multiples of this amount.
The IPO has been subscribed 0.04 times as of 10:45 a.m.
Qualified institutional buyers: 0.0 times .
Non-institutional investors: 0.03 times.
Retail investors: 0.18 times
Voltas Ltd. saw its stock drop by over 2% on Wednesday following a target price cut by Nuvama due to weaker-than-expected air conditioner sales as a fallout of the early monsoon.
India's air conditioner market typically thrives during the scorching summer months.
Shares of Hindustan Zinc Ltd. fell nearly 7% on Wednesday after Vedanta Ltd. pared its shareholding in the company by offering shares in the secondary market for Rs 3,018 crore.
Shares of Hindustan Zinc Ltd. fell nearly 7% on Wednesday after Vedanta Ltd. pared its shareholding in the company by offering shares in the secondary market for Rs 3,018 crore.
Technically, a reversal formation on intraday charts and a bearish candle on daily charts indicate temporary weakness. We believe that as long as the market is trading below 24,900/81800, the weak sentiment is likely to continue, said Shrikant Chouhan, head, equity research, Kotak Securities
On the downside, 24,775/81200 would be the immediate support zones for traders. Below this, the market could slip to 24,675-24,625/80900-80700. On the flip side, above 24,900/81800, the sentiment could change. If it moves above this level, it could rally up to 25,000-25,100/82100-82500, the brokerage said.
Ugro Capital share price jumped nearly 8% on Wednesday as it set to acquire SME lending company Profectus Capital for Rs 1,400 crore payable in a single tranche.
Ugro Capital share price advanced 7.89% to Rs 185, the highest level since May 22.
Ugro Capital share price jumped nearly 8% on Wednesday as it set to acquire SME lending company Profectus Capital for Rs 1,400 crore payable in a single tranche.
Ugro Capital share price advanced 7.89% to Rs 185, the highest level since May 22.
Share price of BSE Ltd. fell over 6% on Wednesday following the announcement of a shift in the expiry day for stock derivatives to Thursday. This decision is anticipated to negatively impact the exchange's trading volumes and profitability.
Share price of BSE Ltd. fell over 6% on Wednesday following the announcement of a shift in the expiry day for stock derivatives to Thursday. This decision is anticipated to negatively impact the exchange's trading volumes and profitability.
On NSE, 11 sectoral indices declined, two advanced, and two remained flat out of 15. The NSE Nifty Media declined the most, and the NSE Nifty Realty rose the most.
On NSE, 11 sectoral indices declined, two advanced, and two remained flat out of 15. The NSE Nifty Media declined the most, and the NSE Nifty Realty rose the most.
HDFC Bank Ltd., Kotak Mahindra Bank Ltd., Axis Bank Ltd., Infosys Ltd., and Power Grid Corp weighed on the Nifty 50 index.
Reliance Industries Ltd., IndusInd Bank Ltd., Tata Consultancy Services Ltd., Oil and Natural Gas Corp, and Trent Ltd. added to the Nifty 50 index.
HDFC Bank Ltd., Kotak Mahindra Bank Ltd., Axis Bank Ltd., Infosys Ltd., and Power Grid Corp weighed on the Nifty 50 index.
Reliance Industries Ltd., IndusInd Bank Ltd., Tata Consultancy Services Ltd., Oil and Natural Gas Corp, and Trent Ltd. added to the Nifty 50 index.
The NSE Nifty 50 and BSE Sensex extended losses at open on Wednesday as HDFC Bank Ltd. and Kotak Mahindra Bank Ltd. shares weighed. The indices were trading 0.08% and 0.11% down, respectively as of 9:19 a.m.
The NSE Nifty 50 and BSE Sensex extended losses at open on Wednesday as HDFC Bank Ltd. and Kotak Mahindra Bank Ltd. shares weighed. The indices were trading 0.08% and 0.11% down, respectively as of 9:19 a.m.
Glenmark Pharma has announced that the US FDA has concluded its inspection of their Monroe manufacturing facility, which took place between June 9-17. Following the inspection, the FDA issued Form 483 with five observations. This information was disclosed in an exchange filing.
Reliance Infrastructure has announced the allotment of 1.25 crore shares valued at Rs 300 crore following the accelerated conversion of warrants. The details were disclosed in an exchange filing.
The 10-year bond yield opened flat at 6.33%
Source: Cogencis
Rupee opens 11 paise weaker against US dollar at 86.35
It closed at 86.24 a dollar on Tuesday.
Source: Bloomberg
DLF Ltd. sold properties worth over Rs 11,000 crore at luxury project in North Phase, the exchange filing said.
Dreamfolks Services has launched an exclusive ‘Members-Only’ Club Access & Innovative' coffee at malls' service, the exchange filing said.
BSE Ltd. is likely to see a decline in its volume and profitability after its expiry day is moved to Thursday, according to analysts. Most brokerages have trimmed the earning-per-sharing estimates for India's oldest stock exchange.
The Securities and Exchange Board of India granted the National Stock Exchange Tuesday as its stock derivatives expiry day, which left BSE with Thursday. This will come into effect in September.
Avenue Supermarts Ltd., the parent company of DMart, has announced the opening of its first major store in Uttar Pradesh, India's most populous state. The new store, located at Ratan Mall in Agra, marks a strong step for retail giant, which has previously only had a presence in Ghaziabad, part of the National Capital Region.
Read the article here.
Gold prices took a breather in Asia session amid Israel-Iran conflict. A set of weak economic data from the US raised hopes for a rate cut from the US Federal Reserve. However, in the ongoing Federal Open Market Committee meet, most investors are expecting the rate-setting panel to stand pat.
The Bloomberg spot gold was trading 0.12% down at $3,373.40 an ounce as of 8:03 a.m.
Oil prices erased gains in Asia session. In the previous session it rallied 4% as crude oil-market volatility advanced amid mounting tensions regarding Israel and Iran conflict.
Brent crude settled 4.40% higher at $76.45 a barrel Tuesday. It was trading 0.09% down at $76.38 a barrel.
Markets across Asia were trading on a mixed note as investors monitor the unfolding situation between Israel and Iran. US President Donald Trump has met his national security team in Washington DC after asking for a surrender from Iran's side on social media.
The Nikkei 225 and KOSPI were trading 0.44% and 0.65% higher, respectively. The Hang Seng and S&P ASX 200 were trading 0.48% and 0.07% down, respectively as of 7:26 a.m.
US futures were trading slightly higher on Wednesday morning as traders assessed the Israel and Iran's situation after US President Donald Trump's call for Iran's surrender. Market participants also await the rate decision from the US Federal Reserve.
The S&P 500 and Dow Jones Futures were trading 0.03% and 0.09% higher, respectively. The Nasdaq 100 future was trading 0.13% higher.
On Tuesday, the S&P 500 and Dow Jones Industrial Average ended 0.70% and 0.84% down, respectively. The Nasdaq Composite ended 0.91% down as fear of US's involvement in the middle-east increased.
The GIFT Nifty was trading 0.08% or 20 points higher at 24,822.50 as of 6:40 a.m., which implied a slightly higher start for the benchmark Nifty 50 index.
Investors may monitor share prices of BSE Ltd. Avenue Supermarts Ltd., Railtel Corp, Ugro Capital Ltd.
The benchmark equity indices resumed their decline on Tuesday, dragged by share prices of HDFC Bank Ltd. and Reliance Industries Ltd.
The NSE Nifty 50 ended 93.1 points or 0.37% lower at 24,853.4, while the BSE Sensex closed 212.85 points or 0.26% down at 81,583.3.
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