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Benchmark end higher, outperforms broader markets
Nifty Midcap 150 snaps seven-day winning streak
Sectoral indices end mixed; Nifty PSU Banks top gainer
Nifty PSU Bank gains sixth day in a row; IOB, PNB lead gains
Nifty Media, FMCG worst performing sectoral indices
Nestle, United Spirits drag as Nifty FMCG falls third day in a row
Gabriel India ends 20% higher as company announces restructuring plans
ESAF Small Finance Bank ends 9.7% higher as bank sells NPAs to ARC
IDFC First Bank gains 6% after Investec upgrades to Buy
Benchmark end higher, outperforms broader markets
Nifty Midcap 150 snaps seven-day winning streak
Sectoral indices end mixed; Nifty PSU Banks top gainer
Nifty PSU Bank gains sixth day in a row; IOB, PNB lead gains
Nifty Media, FMCG worst performing sectoral indices
Nestle, United Spirits drag as Nifty FMCG falls third day in a row
Gabriel India ends 20% higher as company announces restructuring plans
ESAF Small Finance Bank ends 9.7% higher as bank sells NPAs to ARC
IDFC First Bank gains 6% after Investec upgrades to Buy
Rupee closed 21 paise stronger against US Dollar at 85.54
It closed at 85.75 a dollar on Monday
Source: Bloomberg
Rupee closed 21 paise stronger against US Dollar at 85.54
It closed at 85.75 a dollar on Monday
Source: Bloomberg
JM Financial has completed the acquisition of a 2.98% stake in JM Financial Credit Solutions from Moraine Master Fund, according to an exchange filing.
Magnet availability in electric vehicle-related supply chain continued to pose threat in short-to-medium term, TVS Motor Co. said in its monthly sales statement.
Magnet availability in electric vehicle-related supply chain continued to pose threat in short-to-medium term, TVS Motor Co. said in its monthly sales statement.
Avantel has received a purchase order worth Rs 6 crore from Goa Shipyard, according to an exchange filing.
Paras Defence has received a Letter of Intent for the development of the Chimera 200 project. Additionally, its arm will purchase 30 units of Chimera 200 from Paras Anti-Drone for Rs 22.2 crore, according to an exchange filing.
The company has received a Rs 233 crore order from a corporate entity in the private sector. Additionally, it has secured an order for map data licensing for its domestic business, according to an exchange filing.
TVS Motor has merged its arms with a Swiss e-mobility group in Switzerland, according to an exchange filing.
Bajaj Housing has allotted Non-Convertible Debentures worth Rs 1,005 crore on a private placement basis, according to an exchange filing.
Valor Estate Ltd. appointed date for merger of Esteem Properties with co is April 1, 2024. The appointed date for demerger of hospitality business into Advent Hotels International April 1, 2025, the company said in the exchange filing.
Shadowfax Technologies Ltd., a logistics service provider backed by Flipkart, filed a confidential draft red herring prospectus with the Securities and Exchange Board of India for an initial public offering.
The IPO size is expected to be in the range of Rs 2,000–2,500 crore, comprising a mix of fresh issue and offer for sale by existing shareholders. The company is expected to be valued at around Rs 8,500 crore.
Panorama Studios has executed licensing pacts for the exploitation of non-theatrical rights for two movies: the Kannada movie "The Judgement" and the Marathi movie "Susheela Sujeet," according to an exchange filing.
Baazar Style Retail has closed its Style Baazar store in Odisha, according to an exchange filing.
Aurionpro Solutions has partnered with a leading UK-based financial institution to deploy an AI platform, according to an exchange filing.
Ola Electric Mobility's 24.67 lakh shares were traded in a block deal at Rs 42.99 apiece on National Stock Exchange.
Gabriel India's share price hit a record high in Tuesday's session after it announced a major business restructuring plan. As part of the business restructuring plan, Gabriel India will integrate Anchemo India Pvt. with Asia Investments Pvt. It will subsequently demerge Anchemo's automotive business, which will then be merged into Gabriel India.
Gabriel India's share price hit a record high in Tuesday's session after it announced a major business restructuring plan. As part of the business restructuring plan, Gabriel India will integrate Anchemo India Pvt. with Asia Investments Pvt. It will subsequently demerge Anchemo's automotive business, which will then be merged into Gabriel India.
Listing of new co expected in 18-21 months
Healthcare services to remail in Apollo Health Co. Ltd.
Listing of new co expected in 18-21 months
Healthcare services to remail in Apollo Health Co. Ltd.
New co to have Revenue of Rs 25,000 crore by FY27
Ebitda margin to improve from 3.5% to 7%
Total production in June fell 8.5% to 57.8 metric tonne
Total offtake in June fell 7.4% to 60.4 metric tonne
The manufacturing sector experienced a strong end to the first fiscal quarter, marked by improved trends in output and new orders, alongside a record upturn in employment.
The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index – a single-figure indicator of sector performance – rose to a 14-month high of 58.4 in June, up from 57.6 in May.
June Total Exports Volume fell 25%
June Total Sales Volume fell 12%
June Passenger Car Sales Volume fell 18%
June Tractor Sales Volume fell 4%
June Net Turnover fell 2.1% At Rs 351 crore
June Commercial Vehicle Sales fell 22%
June Commercial Vehicle Sales Impacted By Non-Availability Of AC Cabins
June Exports Declined As Customers Deferred Shipments Awaiting Clarity On US Tariffs
Passenger Vehicles & 2/3-Wheeler EVs Saw De-Growth In June Due To Rare Earth Material Supply Concerns
June 2/3-Wheeler Sales Volume fell 24%
Q1 Sales Value advanced 14.2%
Mini trade deal likely to exclude sector-specific tariff cuts
No relief expected on auto, auto components, steel, aluminium duties
Focus narrowed to reciprocal tariff reductions or removals
India warns doubling US trade impossible without broader tariff cuts
Calls for both nations to prioritize lowering overall tariff barriers
Source: People In The Know
The NSE Nifty 50 and BSE Sensex were trading at day's low. The NSE Nifty 50 was 0.01% down, while the BSE Sensex was 0.02% higher as of 12:00 p.m.
The NSE Nifty 50 and BSE Sensex were trading at day's low. The NSE Nifty 50 was 0.01% down, while the BSE Sensex was 0.02% higher as of 12:00 p.m.
The National Stock Exchange (NSE) has emerged as the second most valuable company in the portfolio of ace investor Radhakishan Damani, founder of the retail giant DMart. Over the past few years, Damani has steadily increased his stake in India’s largest stock exchange.
Read the full article here.
RateGain Travel Technologioes has signed a strategic partnership with Cloudbeds to redefine distribution strategies using AI, according to an exchange filing.
FY30 Revenue target of 50,000 crores for the Group versus Rs. 20,000 crores now
Partnered with Inalfa for Sunroof
Gabriel will be the growth engine going forward
Consolidating the structure of Anand Group
As a family far more aggressive outlook in India – use of Gabriel of growth going forward
Sigachi Industries Ltd.'s shares declined 5% during trade on Tuesday after a reactor blast incident in their Telangana plant. The blast and fire at the unit claimed the lives of at least 12 people and left 35 injured.
Sigachi Industries Ltd.'s shares declined 5% during trade on Tuesday after a reactor blast incident in their Telangana plant. The blast and fire at the unit claimed the lives of at least 12 people and left 35 injured.
Ashoka Buildcon has extended the indicative date for the completion of its stake sale in the arms of Ashoka Concessions up to September 30, according to an exchange filing.
Raymond stock surges for third session, jumps nearly 9% after demerged realty arm lists.
Raymond stock surges for third session, jumps nearly 9% after demerged realty arm lists.
Keystone Realtors has received a Letter of Acceptance for a redevelopment project in collaboration with the Maharashtra Housing and Area Development Authority (MHADA). This Mumbai redevelopment project is expected to have a Gross Development Value of Rs 4,521 crore.
State Bank of India's net interest margin will compress as it plans to pass on the repo rate cut by the central bank to millions of borrowers, Chairman CS Setty said. He added that an improvement is only expected post September.
"The margin trajectory, in my view, should be a U-shaped curve. In a couple of quarters, we see margins getting compressed," Setty told NDTV Profit in an exclusive conversation. "The front-loading of the repo rate cut has accelerated the re-pricing of some of the retail portfolio."
Shares of NCC Ltd. rose over 2% on Tuesday after the company received orders worth Rs 1,690.51 crore in June.
Shares of NCC rose as much as 2.79% to Rs 236.89 apiece. They were trading 0.43% lower at Rs 229.48 apiece, as of 9:51 a.m.
Shares of NCC Ltd. rose over 2% on Tuesday after the company received orders worth Rs 1,690.51 crore in June.
Shares of NCC rose as much as 2.79% to Rs 236.89 apiece. They were trading 0.43% lower at Rs 229.48 apiece, as of 9:51 a.m.
Shares of Indian Renewable Energy Development Agency Ltd. rose over 2% on Tuesday after the company's outstanding loan book surged 27% at Rs 79,960 crore, the company said in its business updates for first quarter of the financial year ending March 2025-26.
Shares of Indian Renewable Energy Development Agency Ltd. rose over 2% on Tuesday after the company's outstanding loan book surged 27% at Rs 79,960 crore, the company said in its business updates for first quarter of the financial year ending March 2025-26.
NESCO share price advanced 4.60% to a record high of Rs 1,218.2 apiece. The share price was trading 2.21% higher at Rs 1,192.70 apiece.
The share price advanced as the company approved Rs 3,500 crore capital expenditure over six years for development of Tower 2 in Mumbai IT Park
NESCO share price advanced 4.60% to a record high of Rs 1,218.2 apiece. The share price was trading 2.21% higher at Rs 1,192.70 apiece.
The share price advanced as the company approved Rs 3,500 crore capital expenditure over six years for development of Tower 2 in Mumbai IT Park
Bharat Electronics Ltd. share price advanced 3.06% to a record high of Rs 432.35. The share price advanced as the company received an additional order worth Rs 528 crore.
Bharat Electronics Ltd. share price advanced 3.06% to a record high of Rs 432.35. The share price advanced as the company received an additional order worth Rs 528 crore.
Apollo Hospitals Enterprise Ltd. share price rose 4.73% to a record high of Rs 7,569.50 apiece. The share price rose as the management announced its plan to merge two demerged unit into one arm Apollo Healthtech, which is set to list on the NSE and the BSE.
Apollo Hospitals Enterprise Ltd. share price rose 4.73% to a record high of Rs 7,569.50 apiece. The share price rose as the management announced its plan to merge two demerged unit into one arm Apollo Healthtech, which is set to list on the NSE and the BSE.
On National Stock Exchange Ltd., eight sectoral indices advanced, four declined, and two remained flat out of 12. The NSE Nifty Defence advanced the most while the NSE Nifty PSU Bank declined the most.
On National Stock Exchange Ltd., eight sectoral indices advanced, four declined, and two remained flat out of 12. The NSE Nifty Defence advanced the most while the NSE Nifty PSU Bank declined the most.
HDFC Bank Ltd., Apollo Hospitals Enterprise Ltd., Bharat Electronics Ltd., Reliance Industries Ltd., and Asian Paints Ltd. added to the Nifty 50 index.
ICICI Bank Ltd., Axis Bank Ltd., Trent Ltd., Tata Steel Ltd., and Titan Co. Ltd. weighed on the Nifty 50 index.
HDFC Bank Ltd., Apollo Hospitals Enterprise Ltd., Bharat Electronics Ltd., Reliance Industries Ltd., and Asian Paints Ltd. added to the Nifty 50 index.
ICICI Bank Ltd., Axis Bank Ltd., Trent Ltd., Tata Steel Ltd., and Titan Co. Ltd. weighed on the Nifty 50 index.
The NSE Nifty 50 and BSE Sensex rebounded from losses from Monday's session as HDFC Bank Ltd. and Apollo Hospital Enterprise Ltd. advanced. The indices were trading 0.16% and 0.17% higher, respectively as of 9:21 a.m.
The NSE Nifty 50 and BSE Sensex rebounded from losses from Monday's session as HDFC Bank Ltd. and Apollo Hospital Enterprise Ltd. advanced. The indices were trading 0.16% and 0.17% higher, respectively as of 9:21 a.m.
At pre-open, the NSE Nifty 50 was trading 0.12% higher at 25,551.35, and the BSE Sensex was trading 0.09% higher at 83,685.66.
The 10-year bond yield opened 2 basis points lower at 6.30%
It closed at 6.32% on Monday
Source: Cogencis
Rupee opened 15 paise stronger against US Dollar at 85.61
It closed at 85.76 a dollar on Monday.
Source: Cogencis
NESCO board approved Rs 3,500 crore capex over six years for development of Tower 2 in Mumbai IT Park, the company said in the exchange filing.
Apollo Hospital Enterprise has approved separate listing of its omni-channel pharmacy and digital health businesses
The company is to spin off digital health, pharmacy distribution, and telehealth.
These businesses will form a new entity, NewCo.
The goal is to unlock value through direct listing.
Transaction to be done within 18–21 months
Gold prices advanced for a second day in a row Tuesday amid focus on US trade tariffs as deadline looms closer.
Gold future was trading 0.40% higher at $3,316.38 an ounce as of 7:51 a.m.
Oil prices in the international markets decline for second session in a row as supply is expected to increase. Organization of Petroleum Exporting Countries and allies will likely deliver a fourth-major output increase in the upcoming meeting on weekend, according to Bloomberg Survey.
Brent crude's oil future was trading 1.79% down at $66.40 a barrel as of 7:39 a.m.
Asia-Pacific markets were trading on a mixed note Tuesday as traders assessed what the US will do about the tariffs once the deadline expires on July 9.
US Treasury Secretary Scott Bessent said that some of countries are negotiating with good faith. However, tariffs could roll back to the levels announced on April 2.
The Nikkei 225 was trading 1% down on concern over tariffs as the US President Donald Trump threatened to levy more tariffs on Japan.
The S&P ASX 200 and KOSPI were trading 0.17% and 1.67% higher, respectively as of 7:29 a.m.
US futures were trading on a muted note early morning Tuesday as market participants focus on trade tariffs. On Monday, the S&P 500 and Nasdaq Composite notched a fresh high.
On Monday, S&P 500 ended 0.52% higher at 6,204.95, and the Nasdaq Composite ended 0.47% higher at 20,369.73. The Dow Jones Industrial Average ended 0.63% higher at 44,094.77.
The GIFT Nifty was trading 0.08% or 20.50 points higher at 25,652.50 as of 6:41 a.m., which implied a higher start for the NSE Nifty 50 index.
Traders will monitor Larsen & Toubro Ltd., Federal Bank Ltd., and Wipro India Ltd. share prices because of the business-related news flow.
Indian benchmark equity indices closed with losses on Monday, led by share prices of Tata Consumer Ltd. and Axis Bank Ltd.
The NSE Nifty 50 ended 120.75 points, or 0.47% lower at 25,517.05, while the BSE Sensex closed 452.44 points, or 0.54% down at 83,606.46.
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