Rupee Weakens Against US Dollar
-The local currency weakened 14 paise to close at 83.57 against the US dollar.
-It closed at 83.43 on Tuesday.
Source: Bloomberg
Nifty, Sensex Extend Record Run Ahead Of Monthly Expiry: Closing Bell
Benchmark equity indices extended their record run for the second consecutive session today ahead of the expiry of their monthly derivative contracts expiry.
The Nifty Bank, whose monthly contracts expired today also recorded its highest close.
The Nifty closed higher by 0.62% or 147.50 points higher at 23,868.80 points after hitting an intraday high of 23,889.90 and the Sensex rose to its record high of 78,759.40 points intraday and closed 0.8% or 620.73 points higher at 78,674.25.
Aditya Gaggar, Director of Progressive Shares said, "As indicated yesterday, the Index is performing as per our expectations but we believe that a profit-booking correction can be seen because the ongoing rally is on a weak foot and is mainly driven by select heavyweights."
Benchmark equity indices extended their record run for the second consecutive session today ahead of the expiry of their monthly derivative contracts expiry.
The Nifty Bank, whose monthly contracts expired today also recorded its highest close.
The Nifty closed higher by 0.62% or 147.50 points higher at 23,868.80 points after hitting an intraday high of 23,889.90 and the Sensex rose to its record high of 78,759.40 points intraday and closed 0.8% or 620.73 points higher at 78,674.25.
Aditya Gaggar, Director of Progressive Shares said, "As indicated yesterday, the Index is performing as per our expectations but we believe that a profit-booking correction can be seen because the ongoing rally is on a weak foot and is mainly driven by select heavyweights."
Benchmark equity indices extended their record run for the second consecutive session today ahead of the expiry of their monthly derivative contracts expiry.
The Nifty Bank, whose monthly contracts expired today also recorded its highest close.
The Nifty closed higher by 0.62% or 147.50 points higher at 23,868.80 points after hitting an intraday high of 23,889.90 and the Sensex rose to its record high of 78,759.40 points intraday and closed 0.8% or 620.73 points higher at 78,674.25.
Aditya Gaggar, Director of Progressive Shares said, "As indicated yesterday, the Index is performing as per our expectations but we believe that a profit-booking correction can be seen because the ongoing rally is on a weak foot and is mainly driven by select heavyweights."
Benchmark equity indices extended their record run for the second consecutive session today ahead of the expiry of their monthly derivative contracts expiry.
The Nifty Bank, whose monthly contracts expired today also recorded its highest close.
The Nifty closed higher by 0.62% or 147.50 points higher at 23,868.80 points after hitting an intraday high of 23,889.90 and the Sensex rose to its record high of 78,759.40 points intraday and closed 0.8% or 620.73 points higher at 78,674.25.
Aditya Gaggar, Director of Progressive Shares said, "As indicated yesterday, the Index is performing as per our expectations but we believe that a profit-booking correction can be seen because the ongoing rally is on a weak foot and is mainly driven by select heavyweights."
Benchmark equity indices extended their record run for the second consecutive session today ahead of the expiry of their monthly derivative contracts expiry.
The Nifty Bank, whose monthly contracts expired today also recorded its highest close.
The Nifty closed higher by 0.62% or 147.50 points higher at 23,868.80 points after hitting an intraday high of 23,889.90 and the Sensex rose to its record high of 78,759.40 points intraday and closed 0.8% or 620.73 points higher at 78,674.25.
Aditya Gaggar, Director of Progressive Shares said, "As indicated yesterday, the Index is performing as per our expectations but we believe that a profit-booking correction can be seen because the ongoing rally is on a weak foot and is mainly driven by select heavyweights."
Benchmark equity indices extended their record run for the second consecutive session today ahead of the expiry of their monthly derivative contracts expiry.
The Nifty Bank, whose monthly contracts expired today also recorded its highest close.
The Nifty closed higher by 0.62% or 147.50 points higher at 23,868.80 points after hitting an intraday high of 23,889.90 and the Sensex rose to its record high of 78,759.40 points intraday and closed 0.8% or 620.73 points higher at 78,674.25.
Aditya Gaggar, Director of Progressive Shares said, "As indicated yesterday, the Index is performing as per our expectations but we believe that a profit-booking correction can be seen because the ongoing rally is on a weak foot and is mainly driven by select heavyweights."
Shares of Reliance Industries Ltd., Bharti Airtel Ltd., ICICI Bank Ltd., Axis Bank Ltd., and UltraTech Cement Ltd. contributed the most to the gains.
While those of HDFC Bank Ltd., Mahindra & Mahindra Ltd., Tata Steel Ltd., Bajaj Auto Ltd., and Apollo Hospitals Enterprises Ltd. weighed on the index.
Benchmark equity indices extended their record run for the second consecutive session today ahead of the expiry of their monthly derivative contracts expiry.
The Nifty Bank, whose monthly contracts expired today also recorded its highest close.
The Nifty closed higher by 0.62% or 147.50 points higher at 23,868.80 points after hitting an intraday high of 23,889.90 and the Sensex rose to its record high of 78,759.40 points intraday and closed 0.8% or 620.73 points higher at 78,674.25.
Aditya Gaggar, Director of Progressive Shares said, "As indicated yesterday, the Index is performing as per our expectations but we believe that a profit-booking correction can be seen because the ongoing rally is on a weak foot and is mainly driven by select heavyweights."
Benchmark equity indices extended their record run for the second consecutive session today ahead of the expiry of their monthly derivative contracts expiry.
The Nifty Bank, whose monthly contracts expired today also recorded its highest close.
The Nifty closed higher by 0.62% or 147.50 points higher at 23,868.80 points after hitting an intraday high of 23,889.90 and the Sensex rose to its record high of 78,759.40 points intraday and closed 0.8% or 620.73 points higher at 78,674.25.
Aditya Gaggar, Director of Progressive Shares said, "As indicated yesterday, the Index is performing as per our expectations but we believe that a profit-booking correction can be seen because the ongoing rally is on a weak foot and is mainly driven by select heavyweights."
Benchmark equity indices extended their record run for the second consecutive session today ahead of the expiry of their monthly derivative contracts expiry.
The Nifty Bank, whose monthly contracts expired today also recorded its highest close.
The Nifty closed higher by 0.62% or 147.50 points higher at 23,868.80 points after hitting an intraday high of 23,889.90 and the Sensex rose to its record high of 78,759.40 points intraday and closed 0.8% or 620.73 points higher at 78,674.25.
Aditya Gaggar, Director of Progressive Shares said, "As indicated yesterday, the Index is performing as per our expectations but we believe that a profit-booking correction can be seen because the ongoing rally is on a weak foot and is mainly driven by select heavyweights."
Benchmark equity indices extended their record run for the second consecutive session today ahead of the expiry of their monthly derivative contracts expiry.
The Nifty Bank, whose monthly contracts expired today also recorded its highest close.
The Nifty closed higher by 0.62% or 147.50 points higher at 23,868.80 points after hitting an intraday high of 23,889.90 and the Sensex rose to its record high of 78,759.40 points intraday and closed 0.8% or 620.73 points higher at 78,674.25.
Aditya Gaggar, Director of Progressive Shares said, "As indicated yesterday, the Index is performing as per our expectations but we believe that a profit-booking correction can be seen because the ongoing rally is on a weak foot and is mainly driven by select heavyweights."
Benchmark equity indices extended their record run for the second consecutive session today ahead of the expiry of their monthly derivative contracts expiry.
The Nifty Bank, whose monthly contracts expired today also recorded its highest close.
The Nifty closed higher by 0.62% or 147.50 points higher at 23,868.80 points after hitting an intraday high of 23,889.90 and the Sensex rose to its record high of 78,759.40 points intraday and closed 0.8% or 620.73 points higher at 78,674.25.
Aditya Gaggar, Director of Progressive Shares said, "As indicated yesterday, the Index is performing as per our expectations but we believe that a profit-booking correction can be seen because the ongoing rally is on a weak foot and is mainly driven by select heavyweights."
Benchmark equity indices extended their record run for the second consecutive session today ahead of the expiry of their monthly derivative contracts expiry.
The Nifty Bank, whose monthly contracts expired today also recorded its highest close.
The Nifty closed higher by 0.62% or 147.50 points higher at 23,868.80 points after hitting an intraday high of 23,889.90 and the Sensex rose to its record high of 78,759.40 points intraday and closed 0.8% or 620.73 points higher at 78,674.25.
Aditya Gaggar, Director of Progressive Shares said, "As indicated yesterday, the Index is performing as per our expectations but we believe that a profit-booking correction can be seen because the ongoing rally is on a weak foot and is mainly driven by select heavyweights."
Benchmark equity indices extended their record run for the second consecutive session today ahead of the expiry of their monthly derivative contracts expiry.
The Nifty Bank, whose monthly contracts expired today also recorded its highest close.
The Nifty closed higher by 0.62% or 147.50 points higher at 23,868.80 points after hitting an intraday high of 23,889.90 and the Sensex rose to its record high of 78,759.40 points intraday and closed 0.8% or 620.73 points higher at 78,674.25.
Aditya Gaggar, Director of Progressive Shares said, "As indicated yesterday, the Index is performing as per our expectations but we believe that a profit-booking correction can be seen because the ongoing rally is on a weak foot and is mainly driven by select heavyweights."
Benchmark equity indices extended their record run for the second consecutive session today ahead of the expiry of their monthly derivative contracts expiry.
The Nifty Bank, whose monthly contracts expired today also recorded its highest close.
The Nifty closed higher by 0.62% or 147.50 points higher at 23,868.80 points after hitting an intraday high of 23,889.90 and the Sensex rose to its record high of 78,759.40 points intraday and closed 0.8% or 620.73 points higher at 78,674.25.
Aditya Gaggar, Director of Progressive Shares said, "As indicated yesterday, the Index is performing as per our expectations but we believe that a profit-booking correction can be seen because the ongoing rally is on a weak foot and is mainly driven by select heavyweights."
Shares of Reliance Industries Ltd., Bharti Airtel Ltd., ICICI Bank Ltd., Axis Bank Ltd., and UltraTech Cement Ltd. contributed the most to the gains.
While those of HDFC Bank Ltd., Mahindra & Mahindra Ltd., Tata Steel Ltd., Bajaj Auto Ltd., and Apollo Hospitals Enterprises Ltd. weighed on the index.
Most sectoral indices ended higher with Nifty Media and Nifty Energy leading the gains.
Benchmark equity indices extended their record run for the second consecutive session today ahead of the expiry of their monthly derivative contracts expiry.
The Nifty Bank, whose monthly contracts expired today also recorded its highest close.
The Nifty closed higher by 0.62% or 147.50 points higher at 23,868.80 points after hitting an intraday high of 23,889.90 and the Sensex rose to its record high of 78,759.40 points intraday and closed 0.8% or 620.73 points higher at 78,674.25.
Aditya Gaggar, Director of Progressive Shares said, "As indicated yesterday, the Index is performing as per our expectations but we believe that a profit-booking correction can be seen because the ongoing rally is on a weak foot and is mainly driven by select heavyweights."
Benchmark equity indices extended their record run for the second consecutive session today ahead of the expiry of their monthly derivative contracts expiry.
The Nifty Bank, whose monthly contracts expired today also recorded its highest close.
The Nifty closed higher by 0.62% or 147.50 points higher at 23,868.80 points after hitting an intraday high of 23,889.90 and the Sensex rose to its record high of 78,759.40 points intraday and closed 0.8% or 620.73 points higher at 78,674.25.
Aditya Gaggar, Director of Progressive Shares said, "As indicated yesterday, the Index is performing as per our expectations but we believe that a profit-booking correction can be seen because the ongoing rally is on a weak foot and is mainly driven by select heavyweights."
Benchmark equity indices extended their record run for the second consecutive session today ahead of the expiry of their monthly derivative contracts expiry.
The Nifty Bank, whose monthly contracts expired today also recorded its highest close.
The Nifty closed higher by 0.62% or 147.50 points higher at 23,868.80 points after hitting an intraday high of 23,889.90 and the Sensex rose to its record high of 78,759.40 points intraday and closed 0.8% or 620.73 points higher at 78,674.25.
Aditya Gaggar, Director of Progressive Shares said, "As indicated yesterday, the Index is performing as per our expectations but we believe that a profit-booking correction can be seen because the ongoing rally is on a weak foot and is mainly driven by select heavyweights."
Benchmark equity indices extended their record run for the second consecutive session today ahead of the expiry of their monthly derivative contracts expiry.
The Nifty Bank, whose monthly contracts expired today also recorded its highest close.
The Nifty closed higher by 0.62% or 147.50 points higher at 23,868.80 points after hitting an intraday high of 23,889.90 and the Sensex rose to its record high of 78,759.40 points intraday and closed 0.8% or 620.73 points higher at 78,674.25.
Aditya Gaggar, Director of Progressive Shares said, "As indicated yesterday, the Index is performing as per our expectations but we believe that a profit-booking correction can be seen because the ongoing rally is on a weak foot and is mainly driven by select heavyweights."
Benchmark equity indices extended their record run for the second consecutive session today ahead of the expiry of their monthly derivative contracts expiry.
The Nifty Bank, whose monthly contracts expired today also recorded its highest close.
The Nifty closed higher by 0.62% or 147.50 points higher at 23,868.80 points after hitting an intraday high of 23,889.90 and the Sensex rose to its record high of 78,759.40 points intraday and closed 0.8% or 620.73 points higher at 78,674.25.
Aditya Gaggar, Director of Progressive Shares said, "As indicated yesterday, the Index is performing as per our expectations but we believe that a profit-booking correction can be seen because the ongoing rally is on a weak foot and is mainly driven by select heavyweights."
Benchmark equity indices extended their record run for the second consecutive session today ahead of the expiry of their monthly derivative contracts expiry.
The Nifty Bank, whose monthly contracts expired today also recorded its highest close.
The Nifty closed higher by 0.62% or 147.50 points higher at 23,868.80 points after hitting an intraday high of 23,889.90 and the Sensex rose to its record high of 78,759.40 points intraday and closed 0.8% or 620.73 points higher at 78,674.25.
Aditya Gaggar, Director of Progressive Shares said, "As indicated yesterday, the Index is performing as per our expectations but we believe that a profit-booking correction can be seen because the ongoing rally is on a weak foot and is mainly driven by select heavyweights."
Benchmark equity indices extended their record run for the second consecutive session today ahead of the expiry of their monthly derivative contracts expiry.
The Nifty Bank, whose monthly contracts expired today also recorded its highest close.
The Nifty closed higher by 0.62% or 147.50 points higher at 23,868.80 points after hitting an intraday high of 23,889.90 and the Sensex rose to its record high of 78,759.40 points intraday and closed 0.8% or 620.73 points higher at 78,674.25.
Aditya Gaggar, Director of Progressive Shares said, "As indicated yesterday, the Index is performing as per our expectations but we believe that a profit-booking correction can be seen because the ongoing rally is on a weak foot and is mainly driven by select heavyweights."
Benchmark equity indices extended their record run for the second consecutive session today ahead of the expiry of their monthly derivative contracts expiry.
The Nifty Bank, whose monthly contracts expired today also recorded its highest close.
The Nifty closed higher by 0.62% or 147.50 points higher at 23,868.80 points after hitting an intraday high of 23,889.90 and the Sensex rose to its record high of 78,759.40 points intraday and closed 0.8% or 620.73 points higher at 78,674.25.
Aditya Gaggar, Director of Progressive Shares said, "As indicated yesterday, the Index is performing as per our expectations but we believe that a profit-booking correction can be seen because the ongoing rally is on a weak foot and is mainly driven by select heavyweights."
Shares of Reliance Industries Ltd., Bharti Airtel Ltd., ICICI Bank Ltd., Axis Bank Ltd., and UltraTech Cement Ltd. contributed the most to the gains.
While those of HDFC Bank Ltd., Mahindra & Mahindra Ltd., Tata Steel Ltd., Bajaj Auto Ltd., and Apollo Hospitals Enterprises Ltd. weighed on the index.
Benchmark equity indices extended their record run for the second consecutive session today ahead of the expiry of their monthly derivative contracts expiry.
The Nifty Bank, whose monthly contracts expired today also recorded its highest close.
The Nifty closed higher by 0.62% or 147.50 points higher at 23,868.80 points after hitting an intraday high of 23,889.90 and the Sensex rose to its record high of 78,759.40 points intraday and closed 0.8% or 620.73 points higher at 78,674.25.
Aditya Gaggar, Director of Progressive Shares said, "As indicated yesterday, the Index is performing as per our expectations but we believe that a profit-booking correction can be seen because the ongoing rally is on a weak foot and is mainly driven by select heavyweights."
Benchmark equity indices extended their record run for the second consecutive session today ahead of the expiry of their monthly derivative contracts expiry.
The Nifty Bank, whose monthly contracts expired today also recorded its highest close.
The Nifty closed higher by 0.62% or 147.50 points higher at 23,868.80 points after hitting an intraday high of 23,889.90 and the Sensex rose to its record high of 78,759.40 points intraday and closed 0.8% or 620.73 points higher at 78,674.25.
Aditya Gaggar, Director of Progressive Shares said, "As indicated yesterday, the Index is performing as per our expectations but we believe that a profit-booking correction can be seen because the ongoing rally is on a weak foot and is mainly driven by select heavyweights."
Benchmark equity indices extended their record run for the second consecutive session today ahead of the expiry of their monthly derivative contracts expiry.
The Nifty Bank, whose monthly contracts expired today also recorded its highest close.
The Nifty closed higher by 0.62% or 147.50 points higher at 23,868.80 points after hitting an intraday high of 23,889.90 and the Sensex rose to its record high of 78,759.40 points intraday and closed 0.8% or 620.73 points higher at 78,674.25.
Aditya Gaggar, Director of Progressive Shares said, "As indicated yesterday, the Index is performing as per our expectations but we believe that a profit-booking correction can be seen because the ongoing rally is on a weak foot and is mainly driven by select heavyweights."
Benchmark equity indices extended their record run for the second consecutive session today ahead of the expiry of their monthly derivative contracts expiry.
The Nifty Bank, whose monthly contracts expired today also recorded its highest close.
The Nifty closed higher by 0.62% or 147.50 points higher at 23,868.80 points after hitting an intraday high of 23,889.90 and the Sensex rose to its record high of 78,759.40 points intraday and closed 0.8% or 620.73 points higher at 78,674.25.
Aditya Gaggar, Director of Progressive Shares said, "As indicated yesterday, the Index is performing as per our expectations but we believe that a profit-booking correction can be seen because the ongoing rally is on a weak foot and is mainly driven by select heavyweights."
Benchmark equity indices extended their record run for the second consecutive session today ahead of the expiry of their monthly derivative contracts expiry.
The Nifty Bank, whose monthly contracts expired today also recorded its highest close.
The Nifty closed higher by 0.62% or 147.50 points higher at 23,868.80 points after hitting an intraday high of 23,889.90 and the Sensex rose to its record high of 78,759.40 points intraday and closed 0.8% or 620.73 points higher at 78,674.25.
Aditya Gaggar, Director of Progressive Shares said, "As indicated yesterday, the Index is performing as per our expectations but we believe that a profit-booking correction can be seen because the ongoing rally is on a weak foot and is mainly driven by select heavyweights."
Benchmark equity indices extended their record run for the second consecutive session today ahead of the expiry of their monthly derivative contracts expiry.
The Nifty Bank, whose monthly contracts expired today also recorded its highest close.
The Nifty closed higher by 0.62% or 147.50 points higher at 23,868.80 points after hitting an intraday high of 23,889.90 and the Sensex rose to its record high of 78,759.40 points intraday and closed 0.8% or 620.73 points higher at 78,674.25.
Aditya Gaggar, Director of Progressive Shares said, "As indicated yesterday, the Index is performing as per our expectations but we believe that a profit-booking correction can be seen because the ongoing rally is on a weak foot and is mainly driven by select heavyweights."
Benchmark equity indices extended their record run for the second consecutive session today ahead of the expiry of their monthly derivative contracts expiry.
The Nifty Bank, whose monthly contracts expired today also recorded its highest close.
The Nifty closed higher by 0.62% or 147.50 points higher at 23,868.80 points after hitting an intraday high of 23,889.90 and the Sensex rose to its record high of 78,759.40 points intraday and closed 0.8% or 620.73 points higher at 78,674.25.
Aditya Gaggar, Director of Progressive Shares said, "As indicated yesterday, the Index is performing as per our expectations but we believe that a profit-booking correction can be seen because the ongoing rally is on a weak foot and is mainly driven by select heavyweights."
Benchmark equity indices extended their record run for the second consecutive session today ahead of the expiry of their monthly derivative contracts expiry.
The Nifty Bank, whose monthly contracts expired today also recorded its highest close.
The Nifty closed higher by 0.62% or 147.50 points higher at 23,868.80 points after hitting an intraday high of 23,889.90 and the Sensex rose to its record high of 78,759.40 points intraday and closed 0.8% or 620.73 points higher at 78,674.25.
Aditya Gaggar, Director of Progressive Shares said, "As indicated yesterday, the Index is performing as per our expectations but we believe that a profit-booking correction can be seen because the ongoing rally is on a weak foot and is mainly driven by select heavyweights."
Shares of Reliance Industries Ltd., Bharti Airtel Ltd., ICICI Bank Ltd., Axis Bank Ltd., and UltraTech Cement Ltd. contributed the most to the gains.
While those of HDFC Bank Ltd., Mahindra & Mahindra Ltd., Tata Steel Ltd., Bajaj Auto Ltd., and Apollo Hospitals Enterprises Ltd. weighed on the index.
Most sectoral indices ended higher with Nifty Media and Nifty Energy leading the gains.
Market breadth was evenly split between buyers and sellers. Around 1,911 stocks advanced, 1,971 stocks declined, and 126 stocks remained unchanged on BSE.
Broader markets ended on a mixed note. The S&P BSE Midcap settled 0.29% lower, and Smallcap ended 0.15% higher.
On BSE, 11 sectors advanced, and nine declined. The S&P BSE Telecommunication rose the most, and the S&P BSE Metal declined the most.
ITD Cementation Gets Marine Contract Of Rs 1,082 Crore
Gets contract for construction work at Dahej LNG terminal
Source: Exchange filing
JK Cement Starts Grinding Capacity At Prayagraj Facility
Starts cement grinding capacity of 2 MTPA at its new cement facility in Prayagraj
Source: Exchange filing
Vodafone Idea Hits Over Five-Year High As Co Engages With Samsung
Vi has engaged with Samsung for 4G-5G Radio Network Deployment.
To expand Vi’s 4G footprint & introduce 5G, Vi has been in an active discussion with Samsung for the last 12-18 months on network trials in Chennai.
• Further to the encouraging trial response and at par performance with incumbent suppliers, Vi has extended Samsung deployments in Karnataka and Bihar circles.
• These setups have enabled Vi to fulfil its 5G Minimum Rollout Obligation (MRO) in these three circles (Chennai, Karnataka and Bihar) with NSA vRAN architecture.
Source: Exchange Filing
Vi has engaged with Samsung for 4G-5G Radio Network Deployment.
To expand Vi’s 4G footprint & introduce 5G, Vi has been in an active discussion with Samsung for the last 12-18 months on network trials in Chennai.
• Further to the encouraging trial response and at par performance with incumbent suppliers, Vi has extended Samsung deployments in Karnataka and Bihar circles.
• These setups have enabled Vi to fulfil its 5G Minimum Rollout Obligation (MRO) in these three circles (Chennai, Karnataka and Bihar) with NSA vRAN architecture.
Source: Exchange Filing
Inox Green Approves Fund Raise
Board approves raising up to Rs 1,050 crore via preferential issue
Of this, Rs 400 crore to be raised via issuance of shares at Rs 138/share
Remaining Rs 650 crore to be raised via convertible warrants of Rs 145 apiece
Source: Exchange filing
Paisalo Digital 1.6% Equity Changed Hands In Large Trade
A total of 1.48 crore shares changed hands in a large trade at Rs 75.81.
Source: Cogencis
A total of 1.48 crore shares changed hands in a large trade at Rs 75.81.
Source: Cogencis
A tZee Media Approves Fund Raise
Board approves proposal to raise up to Rs 200 crore via multiple instruments including share issue
Source: Exchange filing
HAL Board Approves Dividend
Board approves final dividend of Rs 13/share for FY24
Source: Exchange filing
Vijaya Diagnostic To Merge With Medinova Diagnostic
Board of company approved to merge with Medinova Diagnostic Services .
Source: Exchange Filing
Bajaj Auto Arm Sets Up New Manufacturing Plant
Brazil-based arm sets up new manufacturing plant, starts commercial production
Capacity of Brazil-based arm's new plant stands at 20,000 units/year
Source: Exchange Filing
Rupee Weakens Sharply Against US Dollar
The local currency weakened 18 paise against the US Dollar to 83.61.
It closed at 83.43 on Tuesday.
Source: Cogencis
The local currency weakened 18 paise against the US Dollar to 83.61.
It closed at 83.43 on Tuesday.
Source: Cogencis
Nifty, Sensex Hit Fresh Highs On Buy Before Final Budget: Midday Market Update
India's benchmark stock indices hit a fresh lifetime high during midday on Wednesday after a muted start on Wednesday. Reliance Industries Ltd., ICICI Bank Ltd. and Ultratech Cement Ltd. led the gains.
As of 11:51 a.m., Nifty was trading 92.95 points, or 0.39%, higher at 23,814.25, and Sensex gained 397.13 points, or 0.51%, to trade at 78,450.66. Intraday, the Nifty and Sensex hit new record highs of 23,825.75 and 78,483.55, respectively.
"On the higher side, the move can get extended to 23,950–24,000 levels from its 350-point range breakout, and on the downside, 23,350 will be a support," said Vikas Jain, senior research analyst at Reliance Securities Ltd.
However, RSI and other key technical indicators are at the higher end of the range and could be volatile with respect to the monthly expiry, he said.
India's benchmark stock indices hit a fresh lifetime high during midday on Wednesday after a muted start on Wednesday. Reliance Industries Ltd., ICICI Bank Ltd. and Ultratech Cement Ltd. led the gains.
As of 11:51 a.m., Nifty was trading 92.95 points, or 0.39%, higher at 23,814.25, and Sensex gained 397.13 points, or 0.51%, to trade at 78,450.66. Intraday, the Nifty and Sensex hit new record highs of 23,825.75 and 78,483.55, respectively.
"On the higher side, the move can get extended to 23,950–24,000 levels from its 350-point range breakout, and on the downside, 23,350 will be a support," said Vikas Jain, senior research analyst at Reliance Securities Ltd.
However, RSI and other key technical indicators are at the higher end of the range and could be volatile with respect to the monthly expiry, he said.
India's benchmark stock indices hit a fresh lifetime high during midday on Wednesday after a muted start on Wednesday. Reliance Industries Ltd., ICICI Bank Ltd. and Ultratech Cement Ltd. led the gains.
As of 11:51 a.m., Nifty was trading 92.95 points, or 0.39%, higher at 23,814.25, and Sensex gained 397.13 points, or 0.51%, to trade at 78,450.66. Intraday, the Nifty and Sensex hit new record highs of 23,825.75 and 78,483.55, respectively.
"On the higher side, the move can get extended to 23,950–24,000 levels from its 350-point range breakout, and on the downside, 23,350 will be a support," said Vikas Jain, senior research analyst at Reliance Securities Ltd.
However, RSI and other key technical indicators are at the higher end of the range and could be volatile with respect to the monthly expiry, he said.
India's benchmark stock indices hit a fresh lifetime high during midday on Wednesday after a muted start on Wednesday. Reliance Industries Ltd., ICICI Bank Ltd. and Ultratech Cement Ltd. led the gains.
As of 11:51 a.m., Nifty was trading 92.95 points, or 0.39%, higher at 23,814.25, and Sensex gained 397.13 points, or 0.51%, to trade at 78,450.66. Intraday, the Nifty and Sensex hit new record highs of 23,825.75 and 78,483.55, respectively.
"On the higher side, the move can get extended to 23,950–24,000 levels from its 350-point range breakout, and on the downside, 23,350 will be a support," said Vikas Jain, senior research analyst at Reliance Securities Ltd.
However, RSI and other key technical indicators are at the higher end of the range and could be volatile with respect to the monthly expiry, he said.
India's benchmark stock indices hit a fresh lifetime high during midday on Wednesday after a muted start on Wednesday. Reliance Industries Ltd., ICICI Bank Ltd. and Ultratech Cement Ltd. led the gains.
As of 11:51 a.m., Nifty was trading 92.95 points, or 0.39%, higher at 23,814.25, and Sensex gained 397.13 points, or 0.51%, to trade at 78,450.66. Intraday, the Nifty and Sensex hit new record highs of 23,825.75 and 78,483.55, respectively.
"On the higher side, the move can get extended to 23,950–24,000 levels from its 350-point range breakout, and on the downside, 23,350 will be a support," said Vikas Jain, senior research analyst at Reliance Securities Ltd.
However, RSI and other key technical indicators are at the higher end of the range and could be volatile with respect to the monthly expiry, he said.
India's benchmark stock indices hit a fresh lifetime high during midday on Wednesday after a muted start on Wednesday. Reliance Industries Ltd., ICICI Bank Ltd. and Ultratech Cement Ltd. led the gains.
As of 11:51 a.m., Nifty was trading 92.95 points, or 0.39%, higher at 23,814.25, and Sensex gained 397.13 points, or 0.51%, to trade at 78,450.66. Intraday, the Nifty and Sensex hit new record highs of 23,825.75 and 78,483.55, respectively.
"On the higher side, the move can get extended to 23,950–24,000 levels from its 350-point range breakout, and on the downside, 23,350 will be a support," said Vikas Jain, senior research analyst at Reliance Securities Ltd.
However, RSI and other key technical indicators are at the higher end of the range and could be volatile with respect to the monthly expiry, he said.
Shares of Reliance Industries Ltd., ICICI Bank Ltd., UltraTech Cement Ltd., Kotak Mahindra Bank Ltd., and Bharti Airtel Ltd. contributed to gains in the Nifty.
While those of HDFC Bank Ltd., Mahindra and Mahindra Ltd., Tata Steel Ltd., Bajaj Steel Industries Ltd., and Hindalco Industries Ltd. weighed the index.
On NSE, nine out of 12 sectors advanced. Nifty Metal fell the most, while Nifty Media was the top performer.
India's benchmark stock indices hit a fresh lifetime high during midday on Wednesday after a muted start on Wednesday. Reliance Industries Ltd., ICICI Bank Ltd. and Ultratech Cement Ltd. led the gains.
As of 11:51 a.m., Nifty was trading 92.95 points, or 0.39%, higher at 23,814.25, and Sensex gained 397.13 points, or 0.51%, to trade at 78,450.66. Intraday, the Nifty and Sensex hit new record highs of 23,825.75 and 78,483.55, respectively.
"On the higher side, the move can get extended to 23,950–24,000 levels from its 350-point range breakout, and on the downside, 23,350 will be a support," said Vikas Jain, senior research analyst at Reliance Securities Ltd.
However, RSI and other key technical indicators are at the higher end of the range and could be volatile with respect to the monthly expiry, he said.
India's benchmark stock indices hit a fresh lifetime high during midday on Wednesday after a muted start on Wednesday. Reliance Industries Ltd., ICICI Bank Ltd. and Ultratech Cement Ltd. led the gains.
As of 11:51 a.m., Nifty was trading 92.95 points, or 0.39%, higher at 23,814.25, and Sensex gained 397.13 points, or 0.51%, to trade at 78,450.66. Intraday, the Nifty and Sensex hit new record highs of 23,825.75 and 78,483.55, respectively.
"On the higher side, the move can get extended to 23,950–24,000 levels from its 350-point range breakout, and on the downside, 23,350 will be a support," said Vikas Jain, senior research analyst at Reliance Securities Ltd.
However, RSI and other key technical indicators are at the higher end of the range and could be volatile with respect to the monthly expiry, he said.
India's benchmark stock indices hit a fresh lifetime high during midday on Wednesday after a muted start on Wednesday. Reliance Industries Ltd., ICICI Bank Ltd. and Ultratech Cement Ltd. led the gains.
As of 11:51 a.m., Nifty was trading 92.95 points, or 0.39%, higher at 23,814.25, and Sensex gained 397.13 points, or 0.51%, to trade at 78,450.66. Intraday, the Nifty and Sensex hit new record highs of 23,825.75 and 78,483.55, respectively.
"On the higher side, the move can get extended to 23,950–24,000 levels from its 350-point range breakout, and on the downside, 23,350 will be a support," said Vikas Jain, senior research analyst at Reliance Securities Ltd.
However, RSI and other key technical indicators are at the higher end of the range and could be volatile with respect to the monthly expiry, he said.
India's benchmark stock indices hit a fresh lifetime high during midday on Wednesday after a muted start on Wednesday. Reliance Industries Ltd., ICICI Bank Ltd. and Ultratech Cement Ltd. led the gains.
As of 11:51 a.m., Nifty was trading 92.95 points, or 0.39%, higher at 23,814.25, and Sensex gained 397.13 points, or 0.51%, to trade at 78,450.66. Intraday, the Nifty and Sensex hit new record highs of 23,825.75 and 78,483.55, respectively.
"On the higher side, the move can get extended to 23,950–24,000 levels from its 350-point range breakout, and on the downside, 23,350 will be a support," said Vikas Jain, senior research analyst at Reliance Securities Ltd.
However, RSI and other key technical indicators are at the higher end of the range and could be volatile with respect to the monthly expiry, he said.
India's benchmark stock indices hit a fresh lifetime high during midday on Wednesday after a muted start on Wednesday. Reliance Industries Ltd., ICICI Bank Ltd. and Ultratech Cement Ltd. led the gains.
As of 11:51 a.m., Nifty was trading 92.95 points, or 0.39%, higher at 23,814.25, and Sensex gained 397.13 points, or 0.51%, to trade at 78,450.66. Intraday, the Nifty and Sensex hit new record highs of 23,825.75 and 78,483.55, respectively.
"On the higher side, the move can get extended to 23,950–24,000 levels from its 350-point range breakout, and on the downside, 23,350 will be a support," said Vikas Jain, senior research analyst at Reliance Securities Ltd.
However, RSI and other key technical indicators are at the higher end of the range and could be volatile with respect to the monthly expiry, he said.
India's benchmark stock indices hit a fresh lifetime high during midday on Wednesday after a muted start on Wednesday. Reliance Industries Ltd., ICICI Bank Ltd. and Ultratech Cement Ltd. led the gains.
As of 11:51 a.m., Nifty was trading 92.95 points, or 0.39%, higher at 23,814.25, and Sensex gained 397.13 points, or 0.51%, to trade at 78,450.66. Intraday, the Nifty and Sensex hit new record highs of 23,825.75 and 78,483.55, respectively.
"On the higher side, the move can get extended to 23,950–24,000 levels from its 350-point range breakout, and on the downside, 23,350 will be a support," said Vikas Jain, senior research analyst at Reliance Securities Ltd.
However, RSI and other key technical indicators are at the higher end of the range and could be volatile with respect to the monthly expiry, he said.
India's benchmark stock indices hit a fresh lifetime high during midday on Wednesday after a muted start on Wednesday. Reliance Industries Ltd., ICICI Bank Ltd. and Ultratech Cement Ltd. led the gains.
As of 11:51 a.m., Nifty was trading 92.95 points, or 0.39%, higher at 23,814.25, and Sensex gained 397.13 points, or 0.51%, to trade at 78,450.66. Intraday, the Nifty and Sensex hit new record highs of 23,825.75 and 78,483.55, respectively.
"On the higher side, the move can get extended to 23,950–24,000 levels from its 350-point range breakout, and on the downside, 23,350 will be a support," said Vikas Jain, senior research analyst at Reliance Securities Ltd.
However, RSI and other key technical indicators are at the higher end of the range and could be volatile with respect to the monthly expiry, he said.
India's benchmark stock indices hit a fresh lifetime high during midday on Wednesday after a muted start on Wednesday. Reliance Industries Ltd., ICICI Bank Ltd. and Ultratech Cement Ltd. led the gains.
As of 11:51 a.m., Nifty was trading 92.95 points, or 0.39%, higher at 23,814.25, and Sensex gained 397.13 points, or 0.51%, to trade at 78,450.66. Intraday, the Nifty and Sensex hit new record highs of 23,825.75 and 78,483.55, respectively.
"On the higher side, the move can get extended to 23,950–24,000 levels from its 350-point range breakout, and on the downside, 23,350 will be a support," said Vikas Jain, senior research analyst at Reliance Securities Ltd.
However, RSI and other key technical indicators are at the higher end of the range and could be volatile with respect to the monthly expiry, he said.
Shares of Reliance Industries Ltd., ICICI Bank Ltd., UltraTech Cement Ltd., Kotak Mahindra Bank Ltd., and Bharti Airtel Ltd. contributed to gains in the Nifty.
While those of HDFC Bank Ltd., Mahindra and Mahindra Ltd., Tata Steel Ltd., Bajaj Steel Industries Ltd., and Hindalco Industries Ltd. weighed the index.
On NSE, nine out of 12 sectors advanced. Nifty Metal fell the most, while Nifty Media was the top performer.
India's benchmark stock indices hit a fresh lifetime high during midday on Wednesday after a muted start on Wednesday. Reliance Industries Ltd., ICICI Bank Ltd. and Ultratech Cement Ltd. led the gains.
As of 11:51 a.m., Nifty was trading 92.95 points, or 0.39%, higher at 23,814.25, and Sensex gained 397.13 points, or 0.51%, to trade at 78,450.66. Intraday, the Nifty and Sensex hit new record highs of 23,825.75 and 78,483.55, respectively.
"On the higher side, the move can get extended to 23,950–24,000 levels from its 350-point range breakout, and on the downside, 23,350 will be a support," said Vikas Jain, senior research analyst at Reliance Securities Ltd.
However, RSI and other key technical indicators are at the higher end of the range and could be volatile with respect to the monthly expiry, he said.
India's benchmark stock indices hit a fresh lifetime high during midday on Wednesday after a muted start on Wednesday. Reliance Industries Ltd., ICICI Bank Ltd. and Ultratech Cement Ltd. led the gains.
As of 11:51 a.m., Nifty was trading 92.95 points, or 0.39%, higher at 23,814.25, and Sensex gained 397.13 points, or 0.51%, to trade at 78,450.66. Intraday, the Nifty and Sensex hit new record highs of 23,825.75 and 78,483.55, respectively.
"On the higher side, the move can get extended to 23,950–24,000 levels from its 350-point range breakout, and on the downside, 23,350 will be a support," said Vikas Jain, senior research analyst at Reliance Securities Ltd.
However, RSI and other key technical indicators are at the higher end of the range and could be volatile with respect to the monthly expiry, he said.
India's benchmark stock indices hit a fresh lifetime high during midday on Wednesday after a muted start on Wednesday. Reliance Industries Ltd., ICICI Bank Ltd. and Ultratech Cement Ltd. led the gains.
As of 11:51 a.m., Nifty was trading 92.95 points, or 0.39%, higher at 23,814.25, and Sensex gained 397.13 points, or 0.51%, to trade at 78,450.66. Intraday, the Nifty and Sensex hit new record highs of 23,825.75 and 78,483.55, respectively.
"On the higher side, the move can get extended to 23,950–24,000 levels from its 350-point range breakout, and on the downside, 23,350 will be a support," said Vikas Jain, senior research analyst at Reliance Securities Ltd.
However, RSI and other key technical indicators are at the higher end of the range and could be volatile with respect to the monthly expiry, he said.
India's benchmark stock indices hit a fresh lifetime high during midday on Wednesday after a muted start on Wednesday. Reliance Industries Ltd., ICICI Bank Ltd. and Ultratech Cement Ltd. led the gains.
As of 11:51 a.m., Nifty was trading 92.95 points, or 0.39%, higher at 23,814.25, and Sensex gained 397.13 points, or 0.51%, to trade at 78,450.66. Intraday, the Nifty and Sensex hit new record highs of 23,825.75 and 78,483.55, respectively.
"On the higher side, the move can get extended to 23,950–24,000 levels from its 350-point range breakout, and on the downside, 23,350 will be a support," said Vikas Jain, senior research analyst at Reliance Securities Ltd.
However, RSI and other key technical indicators are at the higher end of the range and could be volatile with respect to the monthly expiry, he said.
India's benchmark stock indices hit a fresh lifetime high during midday on Wednesday after a muted start on Wednesday. Reliance Industries Ltd., ICICI Bank Ltd. and Ultratech Cement Ltd. led the gains.
As of 11:51 a.m., Nifty was trading 92.95 points, or 0.39%, higher at 23,814.25, and Sensex gained 397.13 points, or 0.51%, to trade at 78,450.66. Intraday, the Nifty and Sensex hit new record highs of 23,825.75 and 78,483.55, respectively.
"On the higher side, the move can get extended to 23,950–24,000 levels from its 350-point range breakout, and on the downside, 23,350 will be a support," said Vikas Jain, senior research analyst at Reliance Securities Ltd.
However, RSI and other key technical indicators are at the higher end of the range and could be volatile with respect to the monthly expiry, he said.
India's benchmark stock indices hit a fresh lifetime high during midday on Wednesday after a muted start on Wednesday. Reliance Industries Ltd., ICICI Bank Ltd. and Ultratech Cement Ltd. led the gains.
As of 11:51 a.m., Nifty was trading 92.95 points, or 0.39%, higher at 23,814.25, and Sensex gained 397.13 points, or 0.51%, to trade at 78,450.66. Intraday, the Nifty and Sensex hit new record highs of 23,825.75 and 78,483.55, respectively.
"On the higher side, the move can get extended to 23,950–24,000 levels from its 350-point range breakout, and on the downside, 23,350 will be a support," said Vikas Jain, senior research analyst at Reliance Securities Ltd.
However, RSI and other key technical indicators are at the higher end of the range and could be volatile with respect to the monthly expiry, he said.
India's benchmark stock indices hit a fresh lifetime high during midday on Wednesday after a muted start on Wednesday. Reliance Industries Ltd., ICICI Bank Ltd. and Ultratech Cement Ltd. led the gains.
As of 11:51 a.m., Nifty was trading 92.95 points, or 0.39%, higher at 23,814.25, and Sensex gained 397.13 points, or 0.51%, to trade at 78,450.66. Intraday, the Nifty and Sensex hit new record highs of 23,825.75 and 78,483.55, respectively.
"On the higher side, the move can get extended to 23,950–24,000 levels from its 350-point range breakout, and on the downside, 23,350 will be a support," said Vikas Jain, senior research analyst at Reliance Securities Ltd.
However, RSI and other key technical indicators are at the higher end of the range and could be volatile with respect to the monthly expiry, he said.
India's benchmark stock indices hit a fresh lifetime high during midday on Wednesday after a muted start on Wednesday. Reliance Industries Ltd., ICICI Bank Ltd. and Ultratech Cement Ltd. led the gains.
As of 11:51 a.m., Nifty was trading 92.95 points, or 0.39%, higher at 23,814.25, and Sensex gained 397.13 points, or 0.51%, to trade at 78,450.66. Intraday, the Nifty and Sensex hit new record highs of 23,825.75 and 78,483.55, respectively.
"On the higher side, the move can get extended to 23,950–24,000 levels from its 350-point range breakout, and on the downside, 23,350 will be a support," said Vikas Jain, senior research analyst at Reliance Securities Ltd.
However, RSI and other key technical indicators are at the higher end of the range and could be volatile with respect to the monthly expiry, he said.
Shares of Reliance Industries Ltd., ICICI Bank Ltd., UltraTech Cement Ltd., Kotak Mahindra Bank Ltd., and Bharti Airtel Ltd. contributed to gains in the Nifty.
While those of HDFC Bank Ltd., Mahindra and Mahindra Ltd., Tata Steel Ltd., Bajaj Steel Industries Ltd., and Hindalco Industries Ltd. weighed the index.
On NSE, nine out of 12 sectors advanced. Nifty Metal fell the most, while Nifty Media was the top performer.
India's benchmark stock indices hit a fresh lifetime high during midday on Wednesday after a muted start on Wednesday. Reliance Industries Ltd., ICICI Bank Ltd. and Ultratech Cement Ltd. led the gains.
As of 11:51 a.m., Nifty was trading 92.95 points, or 0.39%, higher at 23,814.25, and Sensex gained 397.13 points, or 0.51%, to trade at 78,450.66. Intraday, the Nifty and Sensex hit new record highs of 23,825.75 and 78,483.55, respectively.
"On the higher side, the move can get extended to 23,950–24,000 levels from its 350-point range breakout, and on the downside, 23,350 will be a support," said Vikas Jain, senior research analyst at Reliance Securities Ltd.
However, RSI and other key technical indicators are at the higher end of the range and could be volatile with respect to the monthly expiry, he said.
India's benchmark stock indices hit a fresh lifetime high during midday on Wednesday after a muted start on Wednesday. Reliance Industries Ltd., ICICI Bank Ltd. and Ultratech Cement Ltd. led the gains.
As of 11:51 a.m., Nifty was trading 92.95 points, or 0.39%, higher at 23,814.25, and Sensex gained 397.13 points, or 0.51%, to trade at 78,450.66. Intraday, the Nifty and Sensex hit new record highs of 23,825.75 and 78,483.55, respectively.
"On the higher side, the move can get extended to 23,950–24,000 levels from its 350-point range breakout, and on the downside, 23,350 will be a support," said Vikas Jain, senior research analyst at Reliance Securities Ltd.
However, RSI and other key technical indicators are at the higher end of the range and could be volatile with respect to the monthly expiry, he said.
India's benchmark stock indices hit a fresh lifetime high during midday on Wednesday after a muted start on Wednesday. Reliance Industries Ltd., ICICI Bank Ltd. and Ultratech Cement Ltd. led the gains.
As of 11:51 a.m., Nifty was trading 92.95 points, or 0.39%, higher at 23,814.25, and Sensex gained 397.13 points, or 0.51%, to trade at 78,450.66. Intraday, the Nifty and Sensex hit new record highs of 23,825.75 and 78,483.55, respectively.
"On the higher side, the move can get extended to 23,950–24,000 levels from its 350-point range breakout, and on the downside, 23,350 will be a support," said Vikas Jain, senior research analyst at Reliance Securities Ltd.
However, RSI and other key technical indicators are at the higher end of the range and could be volatile with respect to the monthly expiry, he said.
India's benchmark stock indices hit a fresh lifetime high during midday on Wednesday after a muted start on Wednesday. Reliance Industries Ltd., ICICI Bank Ltd. and Ultratech Cement Ltd. led the gains.
As of 11:51 a.m., Nifty was trading 92.95 points, or 0.39%, higher at 23,814.25, and Sensex gained 397.13 points, or 0.51%, to trade at 78,450.66. Intraday, the Nifty and Sensex hit new record highs of 23,825.75 and 78,483.55, respectively.
"On the higher side, the move can get extended to 23,950–24,000 levels from its 350-point range breakout, and on the downside, 23,350 will be a support," said Vikas Jain, senior research analyst at Reliance Securities Ltd.
However, RSI and other key technical indicators are at the higher end of the range and could be volatile with respect to the monthly expiry, he said.
India's benchmark stock indices hit a fresh lifetime high during midday on Wednesday after a muted start on Wednesday. Reliance Industries Ltd., ICICI Bank Ltd. and Ultratech Cement Ltd. led the gains.
As of 11:51 a.m., Nifty was trading 92.95 points, or 0.39%, higher at 23,814.25, and Sensex gained 397.13 points, or 0.51%, to trade at 78,450.66. Intraday, the Nifty and Sensex hit new record highs of 23,825.75 and 78,483.55, respectively.
"On the higher side, the move can get extended to 23,950–24,000 levels from its 350-point range breakout, and on the downside, 23,350 will be a support," said Vikas Jain, senior research analyst at Reliance Securities Ltd.
However, RSI and other key technical indicators are at the higher end of the range and could be volatile with respect to the monthly expiry, he said.
India's benchmark stock indices hit a fresh lifetime high during midday on Wednesday after a muted start on Wednesday. Reliance Industries Ltd., ICICI Bank Ltd. and Ultratech Cement Ltd. led the gains.
As of 11:51 a.m., Nifty was trading 92.95 points, or 0.39%, higher at 23,814.25, and Sensex gained 397.13 points, or 0.51%, to trade at 78,450.66. Intraday, the Nifty and Sensex hit new record highs of 23,825.75 and 78,483.55, respectively.
"On the higher side, the move can get extended to 23,950–24,000 levels from its 350-point range breakout, and on the downside, 23,350 will be a support," said Vikas Jain, senior research analyst at Reliance Securities Ltd.
However, RSI and other key technical indicators are at the higher end of the range and could be volatile with respect to the monthly expiry, he said.
India's benchmark stock indices hit a fresh lifetime high during midday on Wednesday after a muted start on Wednesday. Reliance Industries Ltd., ICICI Bank Ltd. and Ultratech Cement Ltd. led the gains.
As of 11:51 a.m., Nifty was trading 92.95 points, or 0.39%, higher at 23,814.25, and Sensex gained 397.13 points, or 0.51%, to trade at 78,450.66. Intraday, the Nifty and Sensex hit new record highs of 23,825.75 and 78,483.55, respectively.
"On the higher side, the move can get extended to 23,950–24,000 levels from its 350-point range breakout, and on the downside, 23,350 will be a support," said Vikas Jain, senior research analyst at Reliance Securities Ltd.
However, RSI and other key technical indicators are at the higher end of the range and could be volatile with respect to the monthly expiry, he said.
India's benchmark stock indices hit a fresh lifetime high during midday on Wednesday after a muted start on Wednesday. Reliance Industries Ltd., ICICI Bank Ltd. and Ultratech Cement Ltd. led the gains.
As of 11:51 a.m., Nifty was trading 92.95 points, or 0.39%, higher at 23,814.25, and Sensex gained 397.13 points, or 0.51%, to trade at 78,450.66. Intraday, the Nifty and Sensex hit new record highs of 23,825.75 and 78,483.55, respectively.
"On the higher side, the move can get extended to 23,950–24,000 levels from its 350-point range breakout, and on the downside, 23,350 will be a support," said Vikas Jain, senior research analyst at Reliance Securities Ltd.
However, RSI and other key technical indicators are at the higher end of the range and could be volatile with respect to the monthly expiry, he said.
Shares of Reliance Industries Ltd., ICICI Bank Ltd., UltraTech Cement Ltd., Kotak Mahindra Bank Ltd., and Bharti Airtel Ltd. contributed to gains in the Nifty.
While those of HDFC Bank Ltd., Mahindra and Mahindra Ltd., Tata Steel Ltd., Bajaj Steel Industries Ltd., and Hindalco Industries Ltd. weighed the index.
On NSE, nine out of 12 sectors advanced. Nifty Metal fell the most, while Nifty Media was the top performer.
Broader markets rose, with the S&P BSE Midcap gaining 0.07% and the S&P BSE Smallcap rising 0.51% through midday on Wednesday.
On BSE, 14 sectors out of 20 advanced, and six declined. S&P BSE Energy was the top performer, and the S&P BSE Metal was the worst performer.
Market breadth was skewed in the favour of buyers. Around 1,986 stocks advanced, 1,594 stocks declined, and 144 stocks remained unchanged on BSE.
LTIMindtree Board Approves Non-Executive Chairman Appointment
Board approves appointment of SN Subrahmanyan as Non-Executive Chairman
Source: Exchange Filing
Adani Total Gas Gets Regulator Nod
Gets regulator nod to set up gas network at Jalandhar
Source: Exchange Filing
Nifty Financial Services Hits New Record High
Nifty Bank Scales To New Record High
Samvardhana Motherson Hits Life High After Large Trade
Bloomberg reported 1.21 million shares in the company were traded in a bulk.
Bloomberg reported 1.21 million shares in the company were traded in a bulk.
Nifty Hits New Record
VPR Punglia Hits Over Four-Month High
Shares of Vishnu Prakash R Punglia Ltd. jumped to the highest level in over four months after bagging an order worth Rs 273.11 crore from U.P. Jal Nigam (Urban) Prayagraj.
Shares of Vishnu Prakash R Punglia Ltd. rose 8.55% to Rs 212.00, the highest level since Feb 9. It was trading 5.73% higher at Rs 206.50 as of 10:50 a.m., as compared to 0.07% advance in the NSE Nifty 50 index.
The scrip gained 42.17% in 12 months while it declined 4.45% on year to date basis. Total traded volume so far in the day stood at 9.1 times its 30-day average. The relative strength index was at 69.08.
Shares of Vishnu Prakash R Punglia Ltd. jumped to the highest level in over four months after bagging an order worth Rs 273.11 crore from U.P. Jal Nigam (Urban) Prayagraj.
Shares of Vishnu Prakash R Punglia Ltd. rose 8.55% to Rs 212.00, the highest level since Feb 9. It was trading 5.73% higher at Rs 206.50 as of 10:50 a.m., as compared to 0.07% advance in the NSE Nifty 50 index.
The scrip gained 42.17% in 12 months while it declined 4.45% on year to date basis. Total traded volume so far in the day stood at 9.1 times its 30-day average. The relative strength index was at 69.08.
Cement Stocks Rise
Nifty Stocks At Record High
Vedanta Shares Fall Over 6% As Promoters Raise Rs 6,000 Crore to Tackle Debt Woes
Shares of Vedanta Ltd. fell over 6% after a large block deal on Wednesday. About 4% shares changed hands, with promoter sales raising roughly Rs 6,000 crore.
This transaction comes at a crucial time for Vedanta Resources Ltd., as it seeks to address its high debt levels and upcoming repayment obligations.
Shares of Vedanta Ltd. fell over 6% after a large block deal on Wednesday. About 4% shares changed hands, with promoter sales raising roughly Rs 6,000 crore.
This transaction comes at a crucial time for Vedanta Resources Ltd., as it seeks to address its high debt levels and upcoming repayment obligations.
Akme Fintrade Shares Debut At 5.8% Premium Over IPO Price
Shares of Akme Fintrade (India) Ltd. listed on the National Stock Exchange at Rs 127 per share, a premium of 5.8% over its issue price of Rs 120 per share. On the BSE, the shares debuted at Rs 125.7 apiece, a premium of 4.75%.
Dee Development Engineers Shares Debut At 67% Premium Over IPO Price
Shares of Dee Development Engineers Ltd. listed on that National Stock Exchange at Rs 339 apiece a premium of 67% over its issue price of Rs 203 per share. On the BSE the stock debuted at Rs 325 per share, marking a premium of 60.1%.
Hindustan Foods Hits Over Four-Month High
In pre-market, 30 lakh shares change hands in multiple large trades, according to Bloomberg.
In pre-market, 30 lakh shares change hands in multiple large trades, according to Bloomberg.
Mazagon Dock Hits Life As Public Enterprises Body Approves Granting Navratna Status To Co
Mazagon Dock Shipbuilders Shipbuilders Ltd. hit its life high on Wednesday after the news of it being granted the status of Navratna. The company notified via exchanges that Department of Public Enterprises approved its proposal on Tuesday.
The shipbuilding yard was founded in 2015 and is now the 18th public sector undertaking to be granted the Navratna status.
Mazagon Dock Shipbuilders Shipbuilders Ltd. hit its life high on Wednesday after the news of it being granted the status of Navratna. The company notified via exchanges that Department of Public Enterprises approved its proposal on Tuesday.
The shipbuilding yard was founded in 2015 and is now the 18th public sector undertaking to be granted the Navratna status.
ICICI Bank, Axis Bank Hit Record For The Second Consecutive Session
Nifty, Sensex Muted At Open As Heavyweights Weigh But ICICI Bank Leads: Opening Bell
Benchmark equity indices were muted at open a day after hitting their respective records as heavyweights weighed on them but ICICI Bank continued to gain and kept the indices from falling.
Soon after opening, Sensex hit its record high of 78,188.16 points and Nifty hit a high of 23,749.50 as against its record high of 23,754.15.
At pre-open, both the Nifty and Sensex were flat at 23,723.10 and 78,098.84 respectively.
Benchmark equity indices were muted at open a day after hitting their respective records as heavyweights weighed on them but ICICI Bank continued to gain and kept the indices from falling.
Soon after opening, Sensex hit its record high of 78,188.16 points and Nifty hit a high of 23,749.50 as against its record high of 23,754.15.
At pre-open, both the Nifty and Sensex were flat at 23,723.10 and 78,098.84 respectively.
Benchmark equity indices were muted at open a day after hitting their respective records as heavyweights weighed on them but ICICI Bank continued to gain and kept the indices from falling.
Soon after opening, Sensex hit its record high of 78,188.16 points and Nifty hit a high of 23,749.50 as against its record high of 23,754.15.
At pre-open, both the Nifty and Sensex were flat at 23,723.10 and 78,098.84 respectively.
Benchmark equity indices were muted at open a day after hitting their respective records as heavyweights weighed on them but ICICI Bank continued to gain and kept the indices from falling.
Soon after opening, Sensex hit its record high of 78,188.16 points and Nifty hit a high of 23,749.50 as against its record high of 23,754.15.
At pre-open, both the Nifty and Sensex were flat at 23,723.10 and 78,098.84 respectively.
Benchmark equity indices were muted at open a day after hitting their respective records as heavyweights weighed on them but ICICI Bank continued to gain and kept the indices from falling.
Soon after opening, Sensex hit its record high of 78,188.16 points and Nifty hit a high of 23,749.50 as against its record high of 23,754.15.
At pre-open, both the Nifty and Sensex were flat at 23,723.10 and 78,098.84 respectively.
Benchmark equity indices were muted at open a day after hitting their respective records as heavyweights weighed on them but ICICI Bank continued to gain and kept the indices from falling.
Soon after opening, Sensex hit its record high of 78,188.16 points and Nifty hit a high of 23,749.50 as against its record high of 23,754.15.
At pre-open, both the Nifty and Sensex were flat at 23,723.10 and 78,098.84 respectively.
Shares of ICICI Bank Ltd., Tata Consultancy Services Ltd., UltraTech Cement Ltd., Larsen & Toubro Ltd., and Kotak Mahindra Bank Ltd. contributed the most to the gains.
While those of HDFC Bank Ltd., Reliance Industries Ltd., Mahindra & Mahindra Ltd., Hindalco Industries Ltd., and State Bank Of India capped the upside.
Benchmark equity indices were muted at open a day after hitting their respective records as heavyweights weighed on them but ICICI Bank continued to gain and kept the indices from falling.
Soon after opening, Sensex hit its record high of 78,188.16 points and Nifty hit a high of 23,749.50 as against its record high of 23,754.15.
At pre-open, both the Nifty and Sensex were flat at 23,723.10 and 78,098.84 respectively.
Benchmark equity indices were muted at open a day after hitting their respective records as heavyweights weighed on them but ICICI Bank continued to gain and kept the indices from falling.
Soon after opening, Sensex hit its record high of 78,188.16 points and Nifty hit a high of 23,749.50 as against its record high of 23,754.15.
At pre-open, both the Nifty and Sensex were flat at 23,723.10 and 78,098.84 respectively.
Benchmark equity indices were muted at open a day after hitting their respective records as heavyweights weighed on them but ICICI Bank continued to gain and kept the indices from falling.
Soon after opening, Sensex hit its record high of 78,188.16 points and Nifty hit a high of 23,749.50 as against its record high of 23,754.15.
At pre-open, both the Nifty and Sensex were flat at 23,723.10 and 78,098.84 respectively.
Benchmark equity indices were muted at open a day after hitting their respective records as heavyweights weighed on them but ICICI Bank continued to gain and kept the indices from falling.
Soon after opening, Sensex hit its record high of 78,188.16 points and Nifty hit a high of 23,749.50 as against its record high of 23,754.15.
At pre-open, both the Nifty and Sensex were flat at 23,723.10 and 78,098.84 respectively.
Benchmark equity indices were muted at open a day after hitting their respective records as heavyweights weighed on them but ICICI Bank continued to gain and kept the indices from falling.
Soon after opening, Sensex hit its record high of 78,188.16 points and Nifty hit a high of 23,749.50 as against its record high of 23,754.15.
At pre-open, both the Nifty and Sensex were flat at 23,723.10 and 78,098.84 respectively.
Benchmark equity indices were muted at open a day after hitting their respective records as heavyweights weighed on them but ICICI Bank continued to gain and kept the indices from falling.
Soon after opening, Sensex hit its record high of 78,188.16 points and Nifty hit a high of 23,749.50 as against its record high of 23,754.15.
At pre-open, both the Nifty and Sensex were flat at 23,723.10 and 78,098.84 respectively.
Benchmark equity indices were muted at open a day after hitting their respective records as heavyweights weighed on them but ICICI Bank continued to gain and kept the indices from falling.
Soon after opening, Sensex hit its record high of 78,188.16 points and Nifty hit a high of 23,749.50 as against its record high of 23,754.15.
At pre-open, both the Nifty and Sensex were flat at 23,723.10 and 78,098.84 respectively.
Benchmark equity indices were muted at open a day after hitting their respective records as heavyweights weighed on them but ICICI Bank continued to gain and kept the indices from falling.
Soon after opening, Sensex hit its record high of 78,188.16 points and Nifty hit a high of 23,749.50 as against its record high of 23,754.15.
At pre-open, both the Nifty and Sensex were flat at 23,723.10 and 78,098.84 respectively.
Shares of ICICI Bank Ltd., Tata Consultancy Services Ltd., UltraTech Cement Ltd., Larsen & Toubro Ltd., and Kotak Mahindra Bank Ltd. contributed the most to the gains.
While those of HDFC Bank Ltd., Reliance Industries Ltd., Mahindra & Mahindra Ltd., Hindalco Industries Ltd., and State Bank Of India capped the upside.
Nuvama On Prince Pipes
Maintains 'Buy' with target Rs 830, upside 22%
Demand continues to stay robust from both infrastructure and plumbing
Focused on increasing market share by rationalising pricing strategy & improving supply chain
Management is confident of 15% volume growth along with 12–14% margin in FY25
Margins can see an upside if PVC price rally continues
Will leading to re-stocking and inventory gains supporting margins
On track to reduce receivables from mid-80s to 65–70 days
Believe India’s real estate revival & infra push has paved way for plastic pipe players
Deccan Gold Mines Gets Investment Commitment
Gets investment commitment worth Rs 60 crore for 2 gold projects
Source: Exchange Filing
Nifty, Sensex Flat At Pre-Open
At pre-open, both the Nifty and Sensex were flat at 23,723.10 and 78,098.84 respectively.
Yield On The 10-Year Bond Flat
The yield on the 10-year bond opened flat at 6.99%.
It closed at 6.99% on Tuesday.
Source: Cogencis
Rupee Weakens Against US Dollar
The local currency weakened 2 paise to open at 83.45 against the US dollar.
It closed at 83.43 on Tuesday.
Source: Bloomberg
Nomura Maintains 'Reduce' On Bandhan Bank
Target Price Rs 170, downside of 18%
RBI action similar to what was seen in some other banks during succession
RBI-appointed directors generally were appointed with a tenure of two years but for Bandhan its 1 year
JM Financial Initiates 'Buy' On Shivalik Bimetal Controls
Target price Rs 730; 33.8% upside potential
Expect Revenue/EBITDA/PAT annual growth of 25%/29%/29% over FY24-26
Expect RoCE/RoE of 30.4%/24.1% in FY26
Valuing at 30 times FY26
Shunt resistor the mainstay of revenue
Dominant domestic player in bimetal
Electrical contacts posed for strong growth
Longstanding customer relationships a key strength
Tata Steel Acquires Stake In Indian Foundation for Quality Management
Acquires 14.28% stake in Indian Foundation for Quality Management for Rs 12.5 crore
Source: Exchange Filing
IIFL Initiates 'Buy' On PNB Housing
Price target of Rs 1,050, implying 37% upside
Expect 19% loan CAGR by FY24-FY27
Driven by share of affordable and emerging prime loans doubling to 40% mix
Expect company's affordable book to grow at around 100% CAGR over next three years
Expect spreads to expand by 5-10 bps with COF benefit from rating upgrade
Risks: AQ and scale up challenges in affordable and emerging, interest rate cycle
Jefferies On India Property
Expect 75% pre-sales growth for coverage stocks led by DLF and Godrej Properties
Channel checks suggest momentum tapered in June due to elections
Believes overall 15-35% guidance by residential developers should be met
Impact of pricing deltas visible in NCRs with inventory off lows
Prefers Godrej Properties, Lodha, Sunteck
Morgan Stanley On Spectrum Auction 2024, Day 1
Cumulative bidding amount Rs 75 billion
Limited bidding activity, No demand for 5G bands
Highest deviation in bid prices seen in the 1800 MHz band in Bihar circle
Details of bids by each player will be known only at the end of the auction
No demand yet in the 800MHz band.
35% of total spectrum won in the 900MHz band (where Bharti Airtel and Vodafone Idea have footprint)
18% of total available spectrum won in 1800 MHz band where all 3 players have 25-30% share
Morgan Stanley On SBI Cards
Maintains 'equalweight' with target of Rs 750 implying 3% upside
Market share in credit cards at 18.5% (down 102bps YoY and down 3bps QoQ)
Monthly credit card spending market share increased MoM to 16% vs 15.7% (down vs May-23 16.9%)
RBI's notification impacting corporate credit card spending
Jefferies Maintains 'Buy' On ICICI Bank
Target price at Rs 1,350, upside 15%
Deposit growth of 20% among the best of large banks
Slower cost growth to offset margin normalisation
Asset quality holding up, corporate book could see recoveries
ICICI Bank among top picks
Expect 18% ROE to sustain
Valuations based on SOTP valuations which includes 2.4 times Jun-26 PBV
S&P Global Commodity Insights: Energy & Commodities Outlook for Second Half 2024
Coal to remain dominant source of power generation in India over next decade
Domestic production on track to jump, coal imports to still play important role
Expect domestic production to be in 1.5-1.7 billion MT range by 2030
Imports to stay stable at over 150 million MT over next 5-6 years
Indian importers have benefitted from cheaper LNG imports this year
Expect imports to grow further if LNG prices remain attractive against competing fuels
LNG companies face challenges in securing long-term LNG contracts
India to benefit from reforms in domestic gas policies
Hydrogen garners priority status which creates export avenues for India
Domestic players like fertilizers, refineries, steel keen to offtake hydrogen
Need to reduce gap between grey and green hydrogen in domestic market
Citi Opens 90-Day Catalyst Watch On NMDC With 'Sell'
Target price Rs 215, downside of 17%
11% hike in prices since March, but global prices down now
Citi believes price cut is eminent
NMDCs current prices are at more than35% premium to export parity
Odisha miners cutting prices
Indian exports could slow, since prices globally have weakened
Every Rs 100 per tonne change in price impacts EBITDA by 3-4%
NMDC trades at 7 times EV / EBITDA while 10 year average is 5.3 times
Global Cues
U.S. Dollar Index at 105.65
U.S. 10-year bond yield at 4.26%
Brent crude up 0.13% at $85.12 per barrel
Nymex crude up 0.15% at $80.95 per barrel
Bitcoin was up 0.26% at $62,077
GIFT Nifty traded 25.5 points or 0.11% higher at 23,710.00 as of 7:30 a.m.
U.S. Dollar Index at 105.65
U.S. 10-year bond yield at 4.26%
Brent crude up 0.13% at $85.12 per barrel
Nymex crude up 0.15% at $80.95 per barrel
Bitcoin was up 0.26% at $62,077
GIFT Nifty traded 25.5 points or 0.11% higher at 23,710.00 as of 7:30 a.m.
F&O Cues
Nifty June futures up by 0.81% to 23,731.25 at a premium of 10 points.
Nifty June futures open interest down by 12.6%.
Nifty Bank June futures up by 1.73% to 52,626.85 at a premium of 21 points.
Nifty Bank June futures open interest down by 14.7%.
Nifty Options June 27 Expiry: Maximum Call open interest at 24,000 and Maximum Put open interest at 23,000.
Bank Nifty Options June 26 Expiry: Maximum Call Open Interest at 54,000 and Maximum Put open interest at 50,000.
Securities in ban period: GNFC, Indus Tower, PNB, Sail.
Nifty June futures up by 0.81% to 23,731.25 at a premium of 10 points.
Nifty June futures open interest down by 12.6%.
Nifty Bank June futures up by 1.73% to 52,626.85 at a premium of 21 points.
Nifty Bank June futures open interest down by 14.7%.
Nifty Options June 27 Expiry: Maximum Call open interest at 24,000 and Maximum Put open interest at 23,000.
Bank Nifty Options June 26 Expiry: Maximum Call Open Interest at 54,000 and Maximum Put open interest at 50,000.
Securities in ban period: GNFC, Indus Tower, PNB, Sail.
Trading Tweaks
Ex/record dividend: Welspun Living, Aegis Logistics.
Ex/record AGM: Welspun Living.
Moved out short-term Framework: Omaxe, Vardhman Holdings.
Moved in short-term Framework: Bajaj Hindusthan Sugar, IIFL Securities, Marine Electricals (India), Praj Industries.
Bulk Deals
Happiest Minds Technologies: Ashok Soota sold 91.36 lakh shares (6%) at Rs 834.87 apiece. On the other hand, Mansi Share & Stock Advisors bought 9.3 lakh shares (0.61%) at Rs 837.57 apiece and PRB Securities bought 9.1 lakh shares (0.59%) at Rs 843.6 apiece.
Moschip Technologies: Naveed Ahmed Sherwani sold 17.69 lakh shares (0.97%) at Rs 303.32 apiece.
Restaurant Brands Asia: Goldman Sachs Funds - Goldman Sachs India Equity Portfolio sold 47.97 lakh shares (0.96%) at Rs 104.05 apiece.
DCB Bank: DSP Mutual Fund sold 17 lakh shares (0.54%) at Rs 140.15 apiece, while India First Life Insurance Company Limited bought 20.23 lakh shares (0.64%) at Rs 140.15 apiece.
Dodla Dairy: Mylktree Consultants LLP sold 7.36 lakh shares (1.23%) at Rs 1,000 apiece, while Pinebridge Inv Asia Limited A/C Pb Global Funds-Pinebridge India EQ Fund bought 8.25 lakh shares (1.38%) at Rs 1,000 apiece.
Jupiter Wagons: Copthall Mauritius Investment Ltd bought 32.79 lakh shares (0.82%) at Rs 652 apiece.
Le Travenues Technology: Steadview Capital Master Fund bought 20.13 lakh shares (0.52%) at Rs 163.83 apiece.
Tourism Finance Corporation of India: Giriraj Ratan Damani bought 5 lakh shares (0.55%) at Rs 200.54 apiece.
Block Deals
Dhani Services: Societe Generale bought 1 crore shares (1.63%) at Rs 52.08 apiece, while Bofa Securities Europe SA sold 100 lakh shares (1.63%) at Rs 52.08 apiece.
Ramkrishna Forgings: Societe Generale bought 31.17 lakh shares (1.94%) at Rs 920.75 apiece, while Bofa Securities Europe SA sold 31.17 lakh shares (1.94%) at Rs 920.75 apiece.
Tilaknagar Industries: Societe Generale bought 35.3 lakh shares (1.84%) at Rs 255.45 apiece, while Bofa Securities Europe SA sold 35.3 lakh shares (1.84%) at Rs 255.45 apiece.
Alkem Laboratories: Seema Singh sold 3.58 lakh shares (0.3%) at Rs 4956 apiece, while ICICI Prudential Mutual Fund bought 1.92 lakh shares (0.15%) at Rs 4956 apiece. Morgan Stanley Asia Singapore Pte bought 0.98 lakh shares (0.08%) at Rs 4956 apiece and Aditya Birla Sun Life Mutual Fund bought 0.7 lakh shares (0.05%) at Rs 4956 apiece.
IPO Offering
Allied Blenders and Distillers: The public issue was subscribed to 0.57 times on day 1. The bids were led by institutional investors (0.02 times), non-institutional investors (0.87 times), retail investors (0.63 times), and a and a portion reserved for employees (2.05 times).
Stanley Lifestyles: The public issue was subscribed to 96.98 times on day 3. The bids were led by institutional investors (222.1 times), non-institutional investors (119.52 times), and retail investors (19.21 times).
Vraj Iron and Steel: The company will offer its shares for bidding on Wednesday. The price band is set from Rs 195 to Rs 207 per share. The Rs 171 crore IPO is an entirely new issue. The company has raised Rs 51 crore from anchor investors.
Listing
Akme Fintrade India: The company's shares will debut on the stock exchanges on Wednesday at an issue price of Rs 120 apiece. The Rs 132 crore IPO was subscribed to 55.12 times on its third and final day. Bids were led by institutional investors (28.12 times), retail investors (45.78 times), non-institutional investors (144 times), and a portion reserved for employees (5.53 times).
DEE Development Engineers: The company's shares will debut on the stock exchanges on Wednesday at an issue price of Rs 203 apiece. The Rs 418 crore IPO was subscribed 99.56 times on its third and final day. Bids were led by institutional investors (201.91 times), retail investors (23.42 times), non-institutional investors (144 times), and a and a portion reserved for employees (44.73 times).
Stocks to Watch
Sanghi Industries: Promoter Ambuja Cements and Ravi Sanghi to sell up to 3.52% stake via OFS. Ambuja Cements is to sell up to 2.36% of the of the stake via OFS, and Ravi Sanghi is to offload up to 1.16%. The floor price of OFS has been set at Rs 90 per share. OFS is to open on June 26 for non-retail investors and on June 27 for retail investors.
NTPC: The company is to hold a board meeting on June 29 to consider raising funds up to Rs 12,000 crore via NCDs, subject to the approval of shareholders.
Zee Entertainment Enterprises: The NCLT permits the withdrawal of the implementation application filed for the Sony India merger.
Mindspace Business Parks REIT: The company raised Rs 650 crores from International Finance Corp. via the issuance of sustainability-linked bonds.
Popular Vehicles And Services: The company’s unit gets a show cause notice from the Tamil Nadu Pollution Control Board for violation of water pollution regulations.
Borosil: The company raised Rs 150 crore via QIP and allotted 47.2 lakh shares at Rs 318 per share, which indicates a discount of 4.14% to the floor price.
IDBI Bank: Arun Bansal resigned as Executive Director and Head of Treasury (on contract) effective June 25.
Vishnu Prakash R. Punglia: The company received a Rs 273.11 crore order from Uttar Pradesh Jal Nigam.
Time Technoplast: The company received an additional order worth Rs 55 crore from Indian Oil Corporation for the supply of composite cylinders.
Gulshan Polyols: The company has started commercial operations of ethanol at their 250 KLPD capacity grain-based ethanol plant in Goalpara, Distt. Assam.
Yes Bank: The bank will consider raising funds via debt securities on August 23, 2024.
Mahindra and Mahindra Financial Services: Vivek Karve resigned as CFO effective October 31.
Mazagon Dock Shipbuilders: The Department of Public Enterprises approves the proposal for the grant of Navratna status to the company.
Rattanindia Enterprises: Vijay Nehra resigned as COO effective June 24.
GIFT Nifty Trades Above 23,700
The June futures contract of the GIFT Nifty was trading 21 points or 0.09% higher at 23,705.50 as of 07:07 a.m.
The benchmarks in the Asia-Pacific region struggled to find direction in early trade on Wednesday as investors assessed Federal Reserve speakers' comments to get fresh cues about the central bank's policy path.
The Nikkei 225 was trading 204.32 points or 0.52% higher at 39,377.47, and the S&P ASX 200 was trading 41.30 points or 0.53% lower at 7,797.50 as of 06:55 a.m. A surge in US technology firms boosted stock markets as traders appeared to overlook soft economic indicators.
The S&P 500 and the Nasdaq Composite rose by 0.39% and 1.26%, respectively as of Tuesday. The Dow Jones Industrial Average fell 0.78%.
Brent crude was trading 0.02% lower at $84.99 a barrel. Gold was up 0.03% at $2,320.36 an ounce.
A rally in banking and financial stocks pushed India's benchmark equity indices to another record on Tuesday amid strong domestic cues. The NSE Nifty 50 hit a fresh record for the 34th time this year, while the 1,000-point journey of the S&P BSE Sensex to cross the milestone of 78,000 was done in 11 sessions.
The Nifty closed 183.45 points, or 0.78%, higher at 23,721.30, while the Sensex ended 712.44 points, or 0.92%, up at 78,053.52.
Overseas investors turned net buyers on Tuesday after two days of selling. Foreign portfolio investors mopped up stocks worth Rs 1,175.9 crore, while domestic institutional investors stayed net sellers and offloaded equities worth Rs 149.5 crore, the NSE data showed.
The Indian rupee strengthened 3 paise against the US dollar to 83.43.
The June futures contract of the GIFT Nifty was trading 21 points or 0.09% higher at 23,705.50 as of 07:07 a.m.
The benchmarks in the Asia-Pacific region struggled to find direction in early trade on Wednesday as investors assessed Federal Reserve speakers' comments to get fresh cues about the central bank's policy path.
The Nikkei 225 was trading 204.32 points or 0.52% higher at 39,377.47, and the S&P ASX 200 was trading 41.30 points or 0.53% lower at 7,797.50 as of 06:55 a.m. A surge in US technology firms boosted stock markets as traders appeared to overlook soft economic indicators.
The S&P 500 and the Nasdaq Composite rose by 0.39% and 1.26%, respectively as of Tuesday. The Dow Jones Industrial Average fell 0.78%.
Brent crude was trading 0.02% lower at $84.99 a barrel. Gold was up 0.03% at $2,320.36 an ounce.
A rally in banking and financial stocks pushed India's benchmark equity indices to another record on Tuesday amid strong domestic cues. The NSE Nifty 50 hit a fresh record for the 34th time this year, while the 1,000-point journey of the S&P BSE Sensex to cross the milestone of 78,000 was done in 11 sessions.
The Nifty closed 183.45 points, or 0.78%, higher at 23,721.30, while the Sensex ended 712.44 points, or 0.92%, up at 78,053.52.
Overseas investors turned net buyers on Tuesday after two days of selling. Foreign portfolio investors mopped up stocks worth Rs 1,175.9 crore, while domestic institutional investors stayed net sellers and offloaded equities worth Rs 149.5 crore, the NSE data showed.
The Indian rupee strengthened 3 paise against the US dollar to 83.43.