Market News
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Indices drift lower in early trade; breadth strong
At 09:30 IST, the barometer index, the S&P BSE Sensex, declined 70.11 points or 0.09% to 77,023.96. The Nifty 50 index fell 4.35 points or 0.03% to 24,096.20.
NELCO Ltd Falls 2.81%, BSE Information Technology index Drops 1.7%
NELCO Ltd has added 35.19% over last one month compared to 5.38% fall in BSE Information Technology index and 2.22% rise in the SENSEX
Kirloskar Oil Engines Ltd Surges 8.75%
Kirloskar Oil Engines Ltd has added 55.7% over last one month compared to 7.9% gain in BSE Capital Goods index and 2.22% rise in the SENSEX
Aditya Birla Capital among 3 stocks flashing bullish signals, hinting at a possible uptrend
Three NSE midcap stocks, Escorts Kubota, Aditya Birla Capital and REC, featured on StockEdge’s White Marubozu scanner on June 22, signalling strong buying momentum and bullish technical sentiment.
Vodafone Idea raises Rs 1,182 crore from promoter Aditya Birla Group
Vodafone Idea secured Rs 1,182 crore from promoter Aditya Birla Group via warrants, a crucial step towards its Rs 1 lakh crore cash generation target. The company is banking on this, new loans, and tax refunds to meet its financial obligations over the next three years. Despite a recent net profit boost from statutory liability relief, operational losses persist, highlighting the urgent need for these funding initiatives.
Vodafone Idea gets ₹4,730 crore Aditya Birla Group backing through warrant issue
Vodafone Idea has approved the allotment of 430 crore warrants to promoter-group entity Suryaja Investments, paving the way for a potential ₹4,730 crore capital infusion. The company has already received ₹1,182.5 crore upfront, with the balance payable when the warrants are converted into equity shares over the next 18 months.
Firm strength in dollar offsets gains in INR made from positive equities and easing oil prices
The Indian rupee depreciated 34 paise to close at 94.67 (provisional) against the US dollar on Monday, weighed down by the strength of the American currency in the overseas market. Rupee witnessed volatility as steady debt and deposit inflows pulled the domestic currency in one way, while the lack of clarity on the Middle East peace deal and a firm dollar pulled it the other way. The Indian stock market, which snapped a five-day winning streak on Friday, rebounded and closed higher on Monday, lifted by gains in technology, healthcare and oil sectors. The mood in the market remained positive amid reports of progress in US-Iran peace talks. Additionally, weak oil prices eased concerns about inflation. The benchmark BSE Sensex closed up by 291.17 points or 0.38% at 77,094.07 after scaling a low of 77,160.67 and a high of 77,325.56 intraday. At the interbank foreign exchange market, the rupee opened at 94.42, registering a decline of 9 paise from its previous close. In intraday trade, ...
Sensex settles 291 pts higher; Nifty ends above 24,100 level
As per provisional closing data, the barometer index, the S&P BSE Sensex advanced 291.17 points or 0.38% to 77,094.07. The Nifty 50 index rose 89.80 points or 0.37% to 24,102.90.
Indices trade with significant cuts; pharma share advance for 3rd day
At 14:28 IST, the barometer index, the S&P BSE Sensex advanced 403.55 points or 0.53% to 77,206.46. The Nifty 50 index rose 118.05 points or 0.50% to 24,132.45.
Sensex jumps 371 pts; European mkt decline
At 13:30 IST, the barometer index, the S&P BSE Sensex advanced 370.62 points or 0.48% to 77,173.13. The Nifty 50 index rose 108.75 points or 0.45% to 24,121.85.
Nifty trades above 24,100 level; media shares in demand
At 12:26 IST, the barometer index, the S&P BSE Sensex gained 374.55 points or 0.49% to 77,177.13. The Nifty 50 index jumped 101.55 points or 0.41% to 24,113.90.
Indices trade with decent gains; IT share advance
At 11:28 IST, the barometer index, the S&P BSE Sensex, jumped 448.50 points or 0.58% to 77,251.05. The Nifty 50 index rose 145.50 points or 0.60% to 24,158.80.