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Govt mobilises nearly ₹2,100 cr via share sale of state-owned IRFC
The government on Thursday said it has raised around Rs 2,100 crore from the share sale of state-owned Indian Railway Finance Corporation (IRFC). The OFS for IRFC closed with an enthusiastic response from the retail investors, Department of Investment and Public Asset Management (DIPAM) Secretary Arunish Chawla said in a post on X. "Combined with the institutional investors, 22.88 crore shares were sold to the minority shareholders over the two trading days for an estimated amount of Rs 2,084 crore. We thank all investors for their participation and for reposing their faith in us," he said. The government decided to exercise the green shoe option on Wednesday, allowing 2 per cent stake dilution in the public sector undertaking (PSU) of the Railway Ministry. The Department had fixed a floor price of Rs 91 per share, at a discount of 7.8 per cent over Tuesday's closing price of IRFC shares on the BSE. Shares of IRFC closed 0.8 per cent lower at Rs 91.78 on the BSE on Thursday. Prio
Sensex closes 109 points higher, Nifty above 24,050; IndiGo, M&M among top gainers
Indian stock markets closed with modest gains on Sensex monthly expiry day, as both indices erased significant intraday advances. Sensex added 109 points to 77,100.47, and Nifty 50 climbed 34 points to 24,056. Strong performances from IndiGo, M&M, and Maruti Suzuki bolstered the gains, while Power Grid shares saw notable declines. The broader market, however, dipped into the red.
Alpha Wave sells entire 1.9% stake in Delhivery; stock falls over 2%
Global investment firm Alpha Wave Global has divested its entire 1.93% stake in logistics giant Delhivery for Rs 665 crore. This significant exit saw the firm offload over 1.44 crore shares. In related news, venture capital firm Nexus Venture Partners also sold a substantial stake in Delhivery, while Mirae Asset Venture Investments reduced its holding in logistics firm Shadowfax Technologies.
Stock Market LIVE Updates, Sensex Today: Sensex Jumps 500 Points Higher As Oil Slips To Pre-Iran War Levels - NDTV
Stock Market LIVE Updates, Sensex Today: Sensex Jumps 500 Points Higher As Oil Slips To Pre-Iran War LevelsNDTVSensex Today | Stock Market Live: Nifty at 24,200, Sensex up 550 pts; IndiGo, Max Healthcare, Maruti Suzuki top gainersMoneycontrol.comStock Market Today Live, June 25: Nifty holds above 24,100, Sensex rises 500 pts led by auto, healthcare stocksBusinessLine
Sensex jumps 400 points, Nifty rises above 24,100 as oil prices cool below $73 per barrel
Indian stock markets surged on Thursday, with Sensex and Nifty climbing significantly as falling oil prices bolstered investor confidence. Major gainers included IndiGo, M&M, Maruti Suzuki, and TCS, while broader markets also saw positive movement. The real estate and auto sectors led the gains, indicating a robust trading session for the day.
Sensex Today Ends 291 Points Higher | Nifty Above 24,100 | Texmaco Rail & Engineering Up 5% - Equitymaster
Sensex Today Ends 291 Points Higher | Nifty Above 24,100 | Texmaco Rail & Engineering Up 5%Equitymaster
Sensex Today Ends 291 Points Higher | Nifty Above 24,100 | Texmaco Rail & Engineering Up 5% - Equitymaster
Sensex Today Ends 291 Points Higher | Nifty Above 24,100 | Texmaco Rail & Engineering Up 5%Equitymaster
Sensex Today Ends 291 Points Higher | Nifty Above 24,100 | Texmaco Rail & Engineering Up 5% - Equitymaster
Sensex Today Ends 291 Points Higher | Nifty Above 24,100 | Texmaco Rail & Engineering Up 5%Equitymaster
Will Nifty hit 25,000 this month? Key levels to watch in the week ahead
Nifty eyes a potential up move, with immediate targets at 24,300–24,600, though a dash to 25,000 this month appears uncertain. The IT index remains technically weak, while the defence index shows strong momentum, hitting a 52-week high. Experts recommend buying Radico Khaitan and Redington, citing bullish continuation setups and recovery signs respectively.
Man Industries secures supply orders worth Rs 1,000 cr
Man Industries India Ltd and its Saudi subsidiary National Pipe Company Ltd have secured new orders totaling Rs 1,000 crore. These orders are for coated pipes and pipeline solutions. The company expects to execute these orders within the next six to nine months. This significant win boosts their combined order book to approximately Rs 4,100 crore, showcasing strong market momentum.
Sensex rises over 250 points, Nifty above 24,000 as Dalal Street extends gains for 4th session. What lies ahead?
Indian stock markets are trading higher today. The Sensex and Nifty are extending their gains for the fourth consecutive session. This rally is fueled by a recent Iran-US deal framework and a significant drop in oil prices. Key companies like IndiGo and Mahindra & Mahindra are leading the gains.
Deal done, but don't count on cheap Oil yet; cautions Mirae Asset Sharekhan
Shipping data firm Kpler estimates that daily transits may rise to around 40 vessels within the first month - less than half the pre-war average of 100, says Mohammed Imran, of Mirae Asset Sharekhan.