Market breadth was skewed in the favour of buyers. Around 2,372 stocks rose, 1,547 fell, and 102 remained unchanged on the BSE.
Shriram Properties Ltd.'s Ram Shankar Venkataraman resigns as COO effective July 1
Source: Exchange filing
Sensex Continues Record Run To 80,000—Journey Of Last 10,000 Points In Charts
Vraj Iron & Steel Shares Debut At 16% Premium Over IPO Price
Byju's has now paid the fine imposed by the NCLT in Bengaluru to Surfer Technology.
The fine was Rs 20,000.
This fine was imposed on April 24.
Byju's had initially failed to respond to an insolvency plea from Surfer Technology.
Byju's was given several chances to respond but did not initially comply.
Source: NCLT proceedings
Dr Reddy's Reiterates Double-Digit Growth; Shares Hit Record
Persistent Systems Ltd.'s step-down arm Software Company International dissolved with effect from June 27.
Source: Exchange filing
Sundaram Clayton Ltd.'s board has approved raising as much as Rs 400 crore via QIP.
Source: Exchange filing
Nifty rebounds and closes above 24k in Jun’24
Midcaps/smallcaps outperformed largecaps by 1.2%/3.1%
FIIs report inflows after 2 consecutive months of outflows
DIIs recorded inflows of $3.4b in Jun’24
Top Gainers: Technology, Telecom, Real Estate, Private Banks, Automobiles
Industrials, Railways, Defense, PSUs to see more valuation moderation, before becoming attractive again
Top Investment Ideas
Large Caps: ICICI Bank, ITC, HCL Tech, Coal India, SBI, L&T, M&M, Zomato, Ultratech, CIFC and Hindalco
Midcaps and Smallcaps: Indian Hotels, Ashok Leyland, Godrej Properties, Global Health, KEI Industries, PNB Housing, Cello World, Senco Gold and Kirloskar Oil.
Acme Solar Holdings Ltd. has filed for IPO worth Rs 3,000 crore.
The company seeks to raise Rs 2,000 crore via fresh issue.
Source: Bloomberg
MOIL Shares Jump On Highest-Ever Quarterly Sales
India's Services PMI Rises To 60.5 In June
Motilal Oswal Financial Services Ltd. received an administrative warning from SEBI related to process of broking operations.
No impact on finance, operations or other activities after SEBI warning letter.
Source: Exchange filing
Federal Bank Hits Life High After Gross Advances Jump 20%
HDFC Bank Surges To Record On Likely Higher Weightage In MSCI Index
FII holding for June quarter came in at 54.83%
Current weight of HDFC in MSCI index is 3.8%
Could jump to 7.2%-7.5%
Expect stock gain momentum and cross Rs.1,900 until official announcement in August 13
Domestic funds bought because of reasonable valuation and should continue to hold
Market breadth was skewed in favour of buyers. Around 2,219 stocks rose, 713 declined, and 115 stocks remained unchanged on BSE.
Total deposits rose 19.6% to Rs 2.66 lakh crore as of June 30
Gross advances rose 20.1% to Rs 2.24 lakh crore as of June 30
CASA rose 9.9% to Rs 77,901 crore as of June 30
Source: Exchange filing
JSW Infrastructure Ltd.'s arm signed a concession pact with VO Chidambaranar Port Authority for cargo berth.
The company will likely to develop, mechanise 7 million ton per annum cargo berth at VO Chidambaranar Port.
Source: Exchange filing
The NSE Nifty 50 was trading 167.90 points or 0.70% higher at 24,291.75, and the S&P BSE Sensex was trading 0.72% higher at 80,013.93.
The yield on the 10-year bond opened flat at 7.00%.
It closed at 7.01% on Tuesday.
Source: Cogencis
The local currency weakened 2 paise to open at 83.52 against the US dollar.
It closed at 83.50 on Tuesday.
Source: Bloomberg
One 97 Communication Ltd. has introduced affordable healthcare and income protection for merchants with Health Saathi Plan.
Source: Exchange filing
Asian Stocks Advance As S&P 500 Closes Above 5,500: Markets Wrap
Avenue Supermarts' Q1 Revenue Rises 18%
Indian Energy Exchange's Q1 Electricity Volume Rises 19%
Price band Changes from 20% to 10%: Veranda Learning Solutions.
Ex/record Dividend: Jyothy Labs, Dalmia Bharat Sugar and Industries,
Ex/record AGM: Jyothy Labs.
Ex/record Bonus: GPT Infraprojects.
Moved in short-term Framework: Allied Digital Services, Atul Auto, Digispice Technologies, Epack Durable, Ion Exchange (India), Orient Cement, Roto Pumps, Solara Active Pharma Sciences, Veranda Learning Solutions.
Moved out short-term Framework: CE Info Systems, Finolex Cables, GTL Infrastructure, KNR Constructions.
Axiscades Technologies: Promoter Jupiter Capital revoked a pledge for 1 lakh shares on June 28.
Yes Bank Q1 Business Update: Gross Advances Up Nearly 15% To Rs 2.29 Lakh Crore
Allcargo Gati: Macquarie Bank Ltd. sold 10 lakh shares (0.76%) at Rs 101.09 apiece.
House of Pearl Fashions: Abu Dhabi Investment Authority bought 5.85 lakh shares (1.34%) at Rs 720.15 apiece.
Sakuma Exports: Al Malaki Foodstuff Trading LLC sold 33.75 lakh shares (1.07%) at Rs 35.11 apiece, while Contact Consultancy Services Pvt. sold 20 lakh shares (0.63%) at Rs 35.08 apiece.
Pearl Global Industries: LTS Investment Fund sold 5.75 lakh shares (1.32%) at Rs 726.92 apiece.
Nephro Care India: The public issue was subscribed 715.85 times. The bids were led by institutional investors (245.14 times), non-institutional investors (1,787.56 times), and employee portion (20.44 times).
Emcure Pharmaceuticals: The company will offer its shares for bidding on Wednesday. The price band is set from Rs 960 to Rs 1,008 per share. The Rs 1,952-crore IPO is a combination of a fresh issue of Rs 800 crore and rest offer for sale. The company has raised Rs 582 crore from anchor investors.
Bansal Wire Industries: The company will offer its shares for bidding on Wednesday. The price band is set from Rs 243 to Rs 256 per share. The Rs 745-crore IPO is an entirely fresh issue. The company has raised Rs 223 crore from anchor investors.
HDFC Bank's Q1 FII Shareholding Drops Ahead Of MSCI Index Rebalancing