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Nifty trades above 24,500 level; consumer durables shares in demand
At 11:30 IST, the barometer index, the S&P BSE Sensex, jumped 315.17 points or 0.40% to 78,600.64. The Nifty 50 index rose 89.25 points or 0.37% to 24,519.60.
Nifty above 24,450; IT shares advance
At 10:30 IST, the barometer index, the S&P BSE Sensex, jumped 218.86 points or 0.28% to 78,503.93. The Nifty 50 index rose 62.45 points or 0.26% to 24,492.80.
INR appreciates on improved market sentiment
The Indian rupee appreciated 15 paise to 95.28 against the US dollar in early trade on Tuesday on improved market sentiment after reports that Saudi Arabia has slashed August crude oil prices for Asia amid easing of geopolitical tensions in the Middle East. Lower Middle East risk premium and higher traffic from the Strait of Hormuz kept the oil prices lower. At the interbank foreign exchange market the rupee opened at 95.33 and later touched 95.28 against the American currency, registering a gain of 15 paise from its previous close. Yesterday, rupee depreciated 20 paise to close at 95.43 against the US dollar, as a strengthening greenback weighed on emerging market currencies. Meanwhile, local markets are extending gains amid strong quarterly updates from banking heavyweights like HDFC Bank, favorable monsoon progress, and steady foreign institutional buying. The BSE Sensex was trading at 78,374.76, up by 89.69 points (0.11%), while the NSE Nifty 50 was up 38.90 points (0.16%) at ..
Sensex jumps 67 pts in early trade; breadth negative
At 09:30 IST, the barometer index, the S&P BSE Sensex, jumped 67.28 points or 0.09% to 78,352.35. The Nifty 50 index rose 11.55 points or 0.05% to 24,440.55.
Jindal Steel Ltd Slips 1.49%
Jindal Steel Ltd has lost 11.7% over last one month compared to 5.88% fall in BSE Metal index and 5.68% rise in the SENSEX
Titan Company Ltd Spikes 0.82%
Titan Company Ltd has added 6.15% over last one month compared to 5.39% gain in BSE Consumer Durables index and 5.68% rise in the SENSEX
Kotak AMC, executives seek settlement in Essel Group debt dispute
The case dates back to the 2019 Essel liquidity crisis, when a sharp fall in Zee Entertainment's share price triggered margin calls on pledged shares securing debt held by six Kotak fixed maturity plans (FMPs). The case relates to Kotak Mutual Fund's six close-ended debt schemes (FMPs), which had invested in zero coupon non-convertible debentures (NCDs) issued by Konti Infrapower & Multiventures and Edison Utility Works, part of the Essel Group, the promoter group of Zee Entertainment Enterprises.
Kotak AMC, executives seek settlement in Essel Group debt dispute
The case dates back to the 2019 Essel liquidity crisis, when a sharp fall in Zee Entertainment's share price triggered margin calls on pledged shares securing debt held by six Kotak fixed maturity plans (FMPs). The case relates to Kotak Mutual Fund's six close-ended debt schemes (FMPs), which had invested in zero coupon non-convertible debentures (NCDs) issued by Konti Infrapower & Multiventures and Edison Utility Works, part of the Essel Group, the promoter group of Zee Entertainment Enterprises.
RITES bags $36 million locomotive supply order from South Africa's Volantis Asset Finance
Shares of RITES Ltd ended at ₹216.20, down by ₹1.90, or 0.87%, on the BSE.
Rebound in greenback weighs on INR; Gains in local equities cap downside
The Indian rupee depreciated 20 paise to close at 95.38 (provisional) against the US dollar on Monday, as a strengthening greenback weighed on emerging market currencies. At the interbank foreign exchange market, the rupee opened at 95.25 against the American currency and traded in a range of 95.22-95.48 during the session. The rupee finally closed at 95.38 (provisional), down 20 paise from its previous close. Local shares rose notably on Monday, with benchmark indexes Sensex and Nifty extending gains for a fourth consecutive session, as crude prices continued to fall in international markets following OPEC+'s decision to raise output. Underlying sentiment was also underpinned by eased concerns over near-term Federal Reserve rate hikes, optimism for promising corporate earnings' season, and strong provisional June quarter business growth updates reported by banks. The BSE Sensex surged 521.16 points (0.67%) to close at 78,285.07 and the NSE Nifty 50 climbed 159.50 points (0.66%) to ..
IndusInd Bank among 6 stocks to hit 52-week highs & rally up to 25% in a month
Six BSE 100 stocks, including Cholamandalam Investment, IndusInd Bank and Lupin, touched fresh 52-week highs as the Sensex climbed 521 points. The milestone reflects strong buying interest, positive momentum and growing investor confidence amid the broader market rally.
Market ends with substantial gains; Nifty settles below 24,400 level
As per provisional closing data, the S&P BSE Sensex jumped 521.16 points or 0.67% to 78,285.07. The Nifty 50 index rose 159.50 points or 0.66% to 24,430.35. In the four consecutive trading sessions, the Sensex rallied 2.36% while the Nifty jumped 2.36%.