Market News
Stay updated with the latest market trends, earnings, and economic indicators.
Pace Digitek arm inks BESS supply agreement
Pace Digitek announced that its material subsidiary, Lineage Power, has entered into a memorandum of understanding (MoU) with Bondada Renewable Energy for the supply of Battery Energy Storage Systems (BESS).
Pace Digitek arm Lineage Power signs MoU with Bondada Renewable Energy for BESS supply
Shares of Pace Digitek Ltd ended at ₹215.80, down by ₹3.50, or 1.65%, on the BSE.
GIFT City partners with Vietnamese financial institutional firm to exchange knowledge and signs multiple MoUs
GIFT City partnered with Vietnam's VIFC-DN to share financial hub development knowledge. This collaboration will focus on financial services and digital innovation. The Indian financial center also signed MoUs with Tata Communications. These agreements aim to boost GIFT City's appeal for global businesses. Additionally, CEPT University will collaborate on research and urban planning initiatives.
Top Gainers & Losers on 6 July: Swan Corp, Zen Tech, HFCL, HDFC Bank, Thermax, Hitachi Energy among top gainers
Indian stock markets rose on July 6, with benchmark indices gaining over 0.60%. The Nifty 50 closed 0.66% higher at 24,420, while Sensex advanced 0.67% to 78,236. HDFC Bank and Axis Bank drove gains, while Nifty Realty led sectoral increases with a 2% rise.
Tata Power Renewable Energy commissions 100.8 MW Jewali wind project in Maharashtra
Tata Power Renewable Energy Ltd (TPREL) has successfully commissioned its 100.8 MW Jewali Wind Project in Maharashtra, boosting its wind energy portfolio to over 3.9 GW. This new facility will supply clean electricity to Tata Power Mumbai Distribution, aiding in meeting renewable targets and significantly reducing CO₂ emissions. The project is a key step towards Tata Power's goal of 100% clean energy generation by 2045.
Tata Power Renewable Energy commissions 100.8 MW Jewali Wind Project
In Dharashiv district, Maharashtra
30 India-bound ships cross Strait of Hormuz since Iran war began, 26 more await transit
Thirty ships bound for India have successfully navigated the Strait of Hormuz, a crucial route disrupted by recent geopolitical tensions. An additional 26 vessels are awaiting passage. Among those that transited, a significant portion carried vital energy supplies like LPG and LNG, alongside bulk cargo and crude oil. This development follows a recent agreement, easing concerns over energy imports for India.
Stocks to Watch today: BEL, IREDA, JSW Infra, Vi, Vedanta Aluminium & more
Stocks to Watch today: BEL, IREDA, JSW Infra, Vodafone Idea, Vedanta Aluminium, Craftsman Automation, Delhivery, Bajaj Auto, Bandhan Bank and more will be in focus today.
India-bound fertilizer ships cross Hormuz, government says
Four cargo ships laden with vital fertilizers like urea and di-ammonium phosphate have successfully navigated the Strait of Hormuz, en route to Indian ports. This development significantly bolsters the nation's fertilizer reserves, crucial for meeting the upcoming summer crop season's demands. India continues its robust import strategy, supplementing domestic production to ensure ample crop nutrient availability for farmers nationwide.
Resonia wins Telangana transmission project to boost renewable energy connectivity
Resonia, formerly Sterlite Power's transmission arm, has secured a significant project in Telangana from Power Finance Corporation. This initiative aims to bolster power transmission links between Andhra Pradesh and Telangana, improving grid flexibility and facilitating the integration of renewable energy from the Kurnool REZ. The project involves establishing a new substation and enhancing existing infrastructure to support this crucial connectivity.
Mcap of 8 most valued firms surges by ₹1.90 trn, ICICI Bank shines
The combined market valuation of eight of the top-10 most valued firms surged by Rs 1.90 lakh crore last week, with ICICI Bank stealing the show, in tandem with a rally in equities. Last week, the BSE benchmark Sensex jumped 1,284.61 points, or 1.73 per cent, and the NSE Nifty surged 256.2 points, or 1 per cent. "Indian equity markets ended a volatile week on a strong note, snapping a two-week losing streak amid improving global sentiment and supportive measures from the Reserve Bank of India (RBI) aimed at attracting foreign currency inflows," Ajit Mishra, SVP, Research, Religare Broking Ltd, said. Investor confidence improved on optimism surrounding a potential USIran peace deal, which raised hopes of easing geopolitical tensions and stabilising energy markets, he added. From the top-10 pack, Reliance Industries, HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, Bajaj Finance, Larsen & Toubro and Hindustan Unilever were the winners, while Tata Consultancy Services (TCS)
FPI inflows into FAR securities rise by Rs 8,795 cr after govt tax exemption move
Foreign investors are pouring money into Indian government bonds. This follows a tax exemption on interest and capital gains for investments in Fully Accessible Route securities. The government's move aims to attract foreign capital and support the rupee. These measures are opening up India's bond market to global investors. This is a significant development for India's debt market.