Market News
Stay updated with the latest market trends, earnings, and economic indicators.
Global Market: Citi joins London's bullion clearing network in major precious metals expansion
Citi has joined London's over-the-counter gold market clearing network, becoming the fifth bank to do so. This significant move expands the bullion trade's settlement infrastructure, which handles approximately $160 billion in daily transactions. Citi's entry, the first in a decade, signals progress in making the market more accessible. The bank will now offer Loco London settlement for gold, silver, platinum, and palladium.
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.
Top Gainers & Losers on 6 July: Swan Corp, Zen Tech, HFCL, HDFC Bank, Thermax, Hitachi Energy among top gainers - livemint.com
Top Gainers & Losers on 6 July: Swan Corp, Zen Tech, HFCL, HDFC Bank, Thermax, Hitachi Energy among top gainerslivemint.com
Sunsure Energy secures Rs 262 cr project financing from FMO, Axis Bank
Sunsure Energy has secured a significant Rs 262 crore financing for its 75 MWp open-access solar project in Tamil Nadu. Dutch development bank FMO is leading the funding, with Axis Bank contributing approximately Rs 71 crore. This marks FMO's debut in India's Group Captive C&I renewable energy sector, aiming to power commercial and industrial clients with clean energy.
Nifty trades above 24,400 level; metal shares advance
At 14:30 IST, the barometer index, the S&P BSE Sensex jumped 481.95 points or 0.62% to 78,245.86. The Nifty 50 index surged 139.60 points or 0.58% to 24,410.45.
Oswal Pumps rises after securing Rs 236 crore solar pump order from Maharashtra
Oswal Pumps climbed 4.38% to Rs 427.65 after the company received a communication from the Maharashtra State Electricity Distribution Company for an additional order to supply 10,000 Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS).
GK Energy shares rise 4% on securing ₹236 crore MSEDCL solar pump order
Following the latest contract, GK Energy said its cumulative order book from MSEDCL has risen to ₹637.83 crore. The company said the project is scheduled to be executed within 60 days from the issuance of the work order or Notice to Proceed (NTP).
GK Energy secures Rs 235.92 cr order for deployment of solar-powered irrigation systems
From Maharashtra State Electricity Distribution Company
Kusumgar IPO GMP signals 41% listing pop: 10 key things to know from the RHP ahead of offer launch on Wednesday, 8 July
As Kusumgar prepares for its IPO launch on July 8, the grey market hints at a promising 41% premium. With insights from its Red Herring Prospectus, discover vital information about the company’s operations and financials.
El Nino threatens to fuel coal power surge in India, study says
A potential super El Niño could put more pressure on India's power grid than any other country's and slow its transition away from coal, according to a new report by the Centre for Research on Energy and Clean Air (CREA).
GK Energy gains after securing Rs 236 crore solar water pumping systems order from MSEDCL
GK Energy rose 2.48% to Rs 142.70 after the company announced that it had received a Letter of Empanelment (LoE) from Maharashtra State Electricity Distribution Company (MSEDCL) for the deployment of 10,000 off-grid DC solar PV water pumping systems.
Mumbai Rain Fury: 10 Killed In A Week, Landslides Hit Mumbai-Pune Travel — 10 Key Updates
Authorities appealed to citizens not to undertake journeys between Mumbai and Pune amid landslides.