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Jindal Stainless Ltd spurts 1.86%, rises for third straight session
Jindal Stainless Ltd is quoting at Rs 722.8, up 1.86% on the day as on 12:49 IST on the NSE. The stock is up 5.6% in last one year as compared to a 3.82% gain in NIFTY and a 35.58% gain in the Nifty Metal index.
In a flurry of deals, Adani mobilizes $10 bn in a week for capex boost
The fund mobilization spans equity raises, stake sales and long-term commitments from strategic partners, including global investors and sovereign-backed entities. The flurry of deals marks one of the largest capital-raising exercises by an Indian conglomerate in recent years.
Hindalco Industries Ltd rises for third consecutive session
Hindalco Industries Ltd is quoting at Rs 976.1, up 2.4% on the day as on 12:49 IST on the NSE. The stock is up 41.03% in last one year as compared to a 4.02% drop in NIFTY and a 33.49% drop in the Nifty Metal index.
Adani Energy Solutions Ltd extends upmove
Adani Energy Solutions Ltd is quoting at Rs 1621.2, up 3.34% on the day as on 12:44 IST on the NSE. The stock is up 83.53% in last one year as compared to a 3.99% fall in NIFTY and a 8.05% fall in the Nifty Energy.
Adani Enterprises QIP gets nearly 4x bids, successfully raises Rs 15,000 crore
Adani Enterprises successfully raised ₹15,000 crore through a qualified institutional placement, attracting significant interest from both foreign investors like Capital Group and Goldman Sachs, and domestic mutual funds. The issue was oversubscribed nearly four times, with the funds earmarked for capital expenditure, debt repayment, and strategic growth initiatives. This successful fundraising underscores strong investor confidence in the company's expansion plans.
Stocks in news: Marico, Adani Enterprises, Tata Motors PV, PB Fintech, PNB
Indian markets saw a second day of gains, with the Nifty reclaiming its 100-day moving average, signaling a bullish trend. Key companies like Marico, Tata Motors PV, and Adani Enterprises are in focus due to strong Q1 updates and fundraising plans. PNB and Bank of India reported significant credit growth, while HDFC Bank is enhancing its AI and fraud detection capabilities.
Market Pulse: Key triggers to watch ahead of the July 3 trading session
Market Pulse July 3: Global cues remain supportive as US stocks traded higher after weaker-than-expected jobs data reinforced hopes of a prolonged pause in Federal Reserve rate hikes. Domestically, investors will track Adani Enterprises’ ₹10,000-crore QIP launch and developments in energy markets after the government ruled out an immediate fuel price cut. Technically, Nifty’s close above its 100-day moving average has improved sentiment, with analysts seeing scope for a move towards 24,300-24,500, while 24,000 remains a key support level.
Adani Energy Solutions Ltd gains for third straight session
Adani Energy Solutions Ltd is quoting at Rs 1541.8, up 1.34% on the day as on 12:49 IST on the NSE. The stock is up 76.16% in last one year as compared to a 5.02% slide in NIFTY and a 9.03% slide in the Nifty Energy index.
Adani Power Ltd eases for fifth straight session
Adani Power Ltd is quoting at Rs 222, down 2.22% on the day as on 13:19 IST on the NSE. The stock jumped 87.69% in last one year as compared to a 6.32% slide in NIFTY and a 8.74% spurt in the Nifty Energy index.
Tech-Led global selloff, Fed rate fears weigh on Indian equities
Indian stock markets experienced their sharpest single-day drop in nearly a month, mirroring a global tech sell-off. The Nifty 50 and BSE Sensex both fell significantly, influenced by a strong US dollar and profit-taking after recent gains. While pharma and healthcare sectors showed resilience, most others, including metals and IT, declined. Market volatility increased, with analysts watching key support levels closely.
Metal companies' hot run comes to an end as West Asia cools off
Metal stocks experienced a significant downturn Tuesday, with the Nifty Metal index dropping 3.2% as falling commodity prices, domestic economic slowdown fears, and anticipated US Federal Reserve rate hikes impacted investor confidence. Vedanta led the decline. Analysts suggest a cautious approach, advising a wait-and-watch strategy before re-entering the sector amidst these headwinds.
Adani Enterprises Ltd soars 0.11%, gains for fifth straight session
Adani Enterprises Ltd is quoting at Rs 2955, up 0.11% on the day as on 12:44 IST on the NSE. The stock is up 25.92% in last one year as compared to a 2.73% slide in NIFTY and a 43.63% slide in the Nifty Metal.