Market News
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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.
IIT Roorkee, IvyCap Ventures and NuQuant announce Rs 1,000 crore Super Endowment initiative to strengthen India’ s research, innovation and DeepTech ecosystem
IIT Roorkee, in partnership with IvyCap Ventures and NuQuant, has launched a Rs 1,000 crore Super Endowment Fund to fuel India's deep-tech innovation. This perpetual fund will support research, entrepreneurship, and technology translation across the IIT network, fostering global collaborations in strategic sectors. The initiative aims to create a self-sustaining ecosystem, empowering the next generation of innovators and entrepreneurs.
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.
Sensex jumps 436 pts; oil & gas shares advance
At 10:30 ST, the barometer index, the S&P BSE Sensex, jumped 436.19 points or 0.57% to 77,234.05. The Nifty 50 index rose 142.20 points or 0.57% to 24,148.80.
Trust MF CIO sees revival in corporate cycle, stays bullish on mid and smallcaps
Mihir Vora, Chief Investment Officer at Trust Mutual Fund, remains bullish on renewable energy, with a preference for solar, and is betting on transmission and distribution companies as well as commercial clean energy suppliers catering to sectors such as data centres.
Reliance rallies 3% post AGM, Jio IPO approval; brokerages remain upbeat
Reliance post AGM: Stock up 3% in Monday's trade. However, in the past six months, RIL has underperformed the market by falling 15%, as against 10% decline in the BSE Sensex.
Market opens on firm note; breadth strong
At 09:30 IST, the barometer index, the S&P BSE Sensex, jumped 422.80 points or 0.56% to 77,227.89. The Nifty 50 index rose 124.30 points or 0.52% to 24,135.95.
GVK Power & Infrastructure Ltd Falls 1.77%
GVK Power & Infrastructure Ltd has lost 12.06% over last one month compared to 0.14% gain in BSE Utilities index and 2.31% rise in the SENSEX
HFCL Ltd Surges 4.1%
HFCL Ltd has added 47.37% over last one month compared to 10.15% gain in BSE Telecommunication index and 2.31% rise in the SENSEX
Trade Setup For June 22: Nifty's Next Hurdle At 24,150 As Short Term Remains Positive
On Friday, both Nifty and Sensex snapped a five-day winning streak.
Easing West Asia tensions boost IPO activity, 3 issues to open next week
The primary market is showing signs of revival as improving geopolitical conditions in West Asia have boosted investor sentiment, prompting three mainboard IPO launches next week and paving the way for more public issues in the pipeline. Cordelia Cruises operator Waterways Leisure Tourism, Jaipur-based jewellery manufacturer Advit Jewels, and IT solutions provider CSM Technologies will launch their maiden public issues over the next few days, while packaging solutions provider Knack Packaging is expected to announce its price band. Quick commerce unicorn Zepto is looking to raise over Rs 10,000 crore, and the country's largest fund house, SBI Mutual Fund, plans to launch its Rs 13,000-crore public issue next month, according to people familiar with the development. In June, CMR Green Technologies and Hexagon Nutrition have already launched their IPOs, while the public issue of insurtech unicorn Turtlemint Fintech Solutions is currently underway. Adding to the momentum, the National