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Sensex jumps 579 points; Nifty tops 24,150 on IT, auto rally
Benchmark indices extended their gains for a second straight session on Thursday, supported by broad-based buying in IT and auto stocks. Sentiment was also buoyed by easing crude oil prices amid ongoing US-Iran peace talks. The Nifty closed above the 24,150 mark, while the Nifty IT index rebounded nearly 5% after four consecutive sessions of losses. Broader markets outperformed, led by small-cap stocks, although PSU bank shares bucked the trend and ended lower.
Sensex gains 579 points, Nifty ends above 24,150: 5 reasons why stock market rose today
Indian indices rose, Sensex up 579 pts, Nifty above 24,150, led by IT stocks, oil companies. Bank of Baroda fell on NMC Health settlement.
Stocks to watch: Bharti Airtel, Indian Bank, BPCL among shares in focus today; check list here - livemint.com
Stocks to watch: Bharti Airtel, Indian Bank, BPCL among shares in focus today; check list herelivemint.com
Stocks in news: Hero MotoCorp, Canara Bank, Bharti Airtel, Indian Hotels, SBI
Indian markets opened positively, with analysts suggesting a stock-specific strategy amidst consolidation. Hero MotoCorp sees a revival in commuter bike demand, planning capacity expansion. Canara Bank and Indian Bank reported strong credit growth. Bharti Airtel's NBFC arm has begun operations, while Indian Hotels plans significant capital expenditure. SBI launched AI-powered innovations, and BPCL is acquiring a stake in a Brazilian oil venture.
Stocks to Watch for July 2: Coal India, Bharti Airtel, NMDC, Lupin, Indian Bank and more
From Bharti Airtel's NBFC launch to Lupin's EMA approval and Coal India's operational update, here are the stocks to track ahead of Thursday's trading session.
TVS Motor, Dixon Tech In, Reliance, M&M Out: Which Stocks Made It Into Macquarie's New India Portfolio?
The biggest changes came in the brokerage's tactical portfolio, where it introduced Axis Bank, Hyundai Motor India and Dixon Technologies, while removing Shriram Finance, Reliance Industries and Coal India.
Stocks to watch: HDFC Bank, Kotak Mahindra Bank, Coal India among shares in focus today; check list here - Mint
Stocks to watch: HDFC Bank, Kotak Mahindra Bank, Coal India among shares in focus today; check list hereMint
Banks NPA at multi-decadal low of 1.8%, Indian financial system remains resilient: RBI report
India's financial system remains robust, with bank NPAs hitting a multi-decade low of 1.8%. Despite global uncertainties and rising oil prices, strong domestic fundamentals offer resilience. However, funding challenges are emerging as savers seek higher returns, and AI-driven cyberattacks pose a significant near-term threat to banks. The RBI remains vigilant against evolving risks.
Nifty July futures trade at premium
Infosys, HDFC Bank (India) and Reliance Industries were top traded contracts.
NHPC among 5 stocks flashing bullish signals, hinting at a possible uptrend
Five Nifty500 stocks, including Bank of Maharashtra, Chennai Petroleum, Carborundum Universal, Granules India, and NHPC, formed the bullish White Marubozu pattern on June 29, indicating strong buying momentum.
Stocks in news: Bajaj Auto, ZEE, BPCL, HDFC Bank, HUL, Tata Motors CV
Indian markets saw a subdued trading session on Monday, with key indices declining due to mixed global signals and profit-taking. Several prominent companies like Bajaj Auto, ZEEL, BPCL, HDFC Bank, and HUL are in focus today due to significant corporate developments. These include share buybacks, foreign investments, leadership appointments, and strategic acquisitions, signaling active corporate maneuvering amidst market fluctuations.
RBI buyback gets few bids despite cash crunch
The central bank's bond buyback saw a lukewarm market reception, attracting significantly less than the offered amount despite a liquidity deficit in the banking system. Banks held back, anticipating future inflows and preferring short-term papers. Meanwhile, the benchmark 10-year government bond yield dipped to its lowest since March, buoyed by falling oil prices and record overseas portfolio investments.