Market News
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Taking Stock: Nifty manages to close above 23,900 amid volatility; power, metal, media shine
Hindalco Industries, Power Grid Corp, Tata Motors Passenger Vehicle, Eternal, NTPC were among major gainers on the Nifty, while losers were ONGC, ITC, HDFC Life, HDFC Bank, Wipro.
Taking Stock: Sensex, Nifty end flat as late selling erases gains; metals lead losses
Sectorally, FMCG and private banking stocks outperformed, whereas all other major indices ended in the red, with media, realty, energy, metal, oil & gas, and PSU bank indices falling 1-2%.
Markets Erase Gains as Metals Drag; IDBI Bank Bid Race Heats Up | Closing Bell
Markets surrendered early gains as metal stocks dragged benchmarks lower, with the Nifty hovering near 24,100 despite strength in auto counters. ONGC, Hindalco and Power Grid led the losers, while InterGlobe Aviation, M&M and Maruti Suzuki outperformed. In corporate news, Amazon CEO Andy Jassy met PM Narendra Modi and announced an additional $13 billion investment in India, taking Amazon's planned investment to $48 billion through 2030. Fairfax is reportedly back with a fresh bid for IDBI Bank, valuing the lender at ₹77 per share and potentially unlocking a ₹50,000 crore divestment for the government and LIC. Meanwhile, uncertainty continues around Tata Sons as RBI is yet to decide on its NBFC deregistration request, keeping the possibility of a future listing alive. Catch all the key market moves, corporate developments and top business headlines in this edition of Closing Bell.
Market hits one-month high on easing crude prices, DII support
Sectorally, Nifty Pharma index added 2 percent, Nifty Realty index rose 1.7 percent, Nifty Private Bank and Nifty Auto indices added 1.5 percent each. On the other hand, Nifty Metal index was the worst hit, down 4.4 percent, Nifty Consumer Durables down 2.4 percent, Nifty Capital Market and Energy indices shed 2.2 percent each.
Six of India's top-10 firms add Rs 1 lakh crore in mcap; Airtel, Bajaj Finance shine
Reliance Industries remained the country's most valued firm, followed by HDFC Bank, Bharti Airtel, ICICI Bank, SBI, TCS, Bajaj Finance, Larsen & Toubro, LIC and Hindustan Unilever.
Sensex Today | Stock Market Live: GIFT Nifty hints a positive opening; TCS, Tata Steel, JSW Energy, NALCO in focus
Sensex Today | Stock Market LIVE Updates: Stocks like Tata Steel, Tata Consultancy Services, State Bank of India, Phoenix Mills, SML Mahindra, JSW Energy, Graphite India, National Aluminium Company, NLC India, TVS Motor Company, Iware Supplychain Services, and Capri Global Capital will be in focus on July 9.