Stock Market Today

Date: 31 July 2024 Stock Market Highlights

The stock market today ended on a positive note, following the upward trend in European and Asian equities ahead of the crucial US Federal Reserve interest rate decision scheduled for later on Wednesday.

• Sensex was up by 285.94 points or 0.35%, closing at 81,741.34.
• Nifty concluded the day at 24,951.15, increasing by 93.85 points or 0.38%.
• Bank Nifty ended the day with a surge of 54.10 points or 0.11% at 51,553.40.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

Roundup of Stock Market Today

Sector Update

• Nifty Metal emerged as the top gainer among sectoral indices, rising by 1.2%.
• Nifty Pharma and Nifty Media followed closely, each up by over 1%.
• On the downside, Nifty PSU Bank and Nifty Realty were the top losers, both declining by 0.4%.

Market Update

• Vedanta receives approval from 75% of its secured creditors to proceed with the demerger.
• Godrej Properties acquires a 46-acre land parcel in Indore.
• Indus Tower approves a buyback of shares at Rs 465 per share, with the record date set for 9th August 2024.
• Marico receives an income tax demand order of Rs 142.07 crore for the Assessment Year 2020-21.
• Infosys collaborates with TDC Net to accelerate digital transformation.
• Autoline Industries secures an order worth Rs 147 crore from Tata Motors Passenger Vehicle.
• Dixon Technologies to start manufacturing Google Pixel from September; Atul Lall confirms CCI approval for Transsion deal.
• Zydus Life receives approval from Mexico's regulator for Trastuzumab Biosimilar.
• L&T bags an order in the range of Rs 1,000-2,500 crore for the construction of an automobile plant.
• Aurionpro secures a major deal with Malaysia's leading bank.
• RITES board approves a bonus issue of 1 share for every 1 share held in Q1.
• Akums Drugs and Pharmaceuticals IPO subscribed 4.44 times on Day 2 of the bidding

Q1 Results (FY24 - 25)

Upcoming Results on 1st August 2024

• Aditya Birla Capital
• Adani Enterprises
• Adani Ports and Special Economic Zone
• Akzo Nobel India
• Alkyl Amines Chemicals
• Aptus Value Housing Finance India
• Arvind Fashions
• Allcargo Terminals
• Bharat Wire Ropes
• Bombay Dyeing & Mfg Company
• Bombay Super Hybrid Seeds
• Clean Science and Technology
• Datamatics Global Services
• Prataap Snacks
• Emami
• Escorts Kubota
• Everest Industries
• Expleo Solutions
• The Great Eastern Shipping Company
• GHCL
• GHCL Textiles
• Godrej Agrovet
• G R Infraprojects
• Hikal
• Hind Rectifiers
• HPL Electric & Power
• Indegene
• ITC
• Le Travenues Technology
• Jtekt India
• Kalyan Jewellers India
• KCP
• Kothari Petrochemicals
• Ksb
• Maral Overseas
• Max Healthcare Institute
• Neuland Laboratories
• NIIT Learning Systems
• Orient Electric
• Paradeep Phosphates
• Patel Integrated Logistics
• Pudumjee Paper Products
• Prince Pipes And Fittings
• Punjab Chemicals & Crop Protection
• Music Broadcast
• Railtel Corporation Of India
• Repco Home Finance
• RattanIndia Power
• Rushil Decor
• Sah Polymers
• S.J.S. Enterprises
• Somany Ceramics
• Sundaram Finance Holdings
• Sun Pharmaceutical Industries
• Suraj Estate Developers
• Suryoday Small Finance Bank
• Tara Chand InfraLogistic Solutions
• Tata Motors
• Thermax
• Tube Investments of India
• Triveni Engineering & Industries
• UFO Moviez India
• Vaibhav Global
• Welspun Enterprises
• Yasho Industries
• Zomato

Results

• Indus Towers' Q1 net profit surged 43% to Rs 1,926 crore.
• Ambuja Cements' Q1 net profit declined 11.5% to Rs 571 crore compared to Rs 645 crore YoY.
• Jain Irrigation reported a Q1 net profit drop of 61.6% to Rs 13.6 crore from Rs 35.4 crore YoY.
• BHEL's Q1 net loss widened to Rs 211.4 crore from Rs 205 crore YoY.
• Mahindra & Mahindra (M&M) recorded a Q1 net profit of Rs 2,612 crore with revenue at Rs 27,039 crore.
• Birlasoft's Q1 net profit fell 16.6% to Rs 150.2 crore from Rs 180 crore QoQ.
• Deepak Fertilisers' Q1 net profit increased by 77.8% to Rs 195.6 crore from Rs 110 crore YoY.
• Nilkamal's Q1 net profit decreased 43.5% to Rs 18.3 crore from Rs 32.4 crore YoY.
• Indian Metals' Q1 net profit rose 2.7% to Rs 113 crore from Rs 110 crore YoY.
• Zee Enterprises reported a Q1 net profit of Rs 118.1 crore, reversing a loss of Rs 53.4 crore YoY.
• HeidelbergCement India's Q1 net profit dropped 23.5% to Rs 40 crore from Rs 52.3 crore YoY.
• Dwarikesh Sugar posted a Q1 net loss of Rs 9.7 crore versus a loss of Rs 40.6 crore YoY.
• Asahi India's Q1 net profit fell 25% YoY, with revenue up 4% at Rs 1,132.6 crore.
• JBM Auto's Q1 net profit increased by 10.6% to Rs 33.4 crore from Rs 30 crore YoY.
• Barbeque Nation Hospitality recorded a Q1 net loss of Rs 5 crore compared to a loss of Rs 4.3 crore YoY.
• Satin Creditcare Network's Q1 net profit rose 19.6% to Rs 105.3 crore from Rs 88 crore YoY.
• Crompton Greaves Consumer's Q1 net profit increased by 25% to Rs 152.4 crore from Rs 122 crore YoY.
• Mankind Pharma's Q1 net profit grew 10.2% to Rs 536.5 crore from Rs 487 crore YoY.
• Adani Power's Q1 net profit declined by 55.3% to Rs 3,912.8 crore from Rs 8,759.4 crore YoY.
• Maruti Suzuki's Q1 net profit surged 46.9% to Rs 3,650 crore from Rs 2,485 crore YoY.

Date: 30 July 2024 Stock Market Highlights

The stock market today gave up their gains and ended unchanged, following the performance of global stocks which were mixed in anticipation of important interest rate announcements from the Bank of Japan and the United States Federal Reserve scheduled for this week.

• Sensex was up by 99.56 points or 0.12%, closing at 81,455.40.
• Nifty concluded the day at 24,857.30, increasing by 21.20 points or 0.09%.
• Bank Nifty ended the day with a surge of 93.05 points or 0.18% at 51,499.30.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

Roundup of Stock Market Today

Sector Update

• Nifty Consumer Durables was the top gainer, rising 1.1%.
• Nifty Oil & Gas increased by 0.6%.
• Nifty Auto rose by 0.5%.
• Nifty FMCG was the top loser, down 1.1%.
• Nifty Pharma fell by 0.68%.

Market Update

• Oberoi Realty to develop a 2,576 sq m land parcel in Bandra, Mumbai.
• Follett Higher Education selects TCS to build a cloud-based IT infrastructure.
• Paytm launches NFC Card Soundbox for offline merchants.
• GE Power India bags purchase orders worth Rs 3.51 crore from NTPC and SNJ Distillers.
• NBCC secures orders worth Rs 444 crore from the Maharashtra Government.
• Thomas Cook partners with NPCI to launch RuPay AED Forex Card.
• Suzlon Energy receives a warning letter from NSE for non-compliance with SEBI LODR provisions.
• Akums Drugs and Pharmaceuticals IPO subscribed 1.39 times on Day 1 of the bidding

Q1 Results (FY24 - 25)

Upcoming Results on 31st July 2024

• Action Construction Equipment
• Adani Power
• Ambuja Cements
• The Anup Engineering
• Asahi India Glass
• Aster DM Healthcare
• Bank of Baroda
• Bansal Wire Industries
• Barbeque Nation Hospitality
• Bhagyanagar India
• Bharat Heavy Electricals
• BIRLASOFT
• Coal India
• CSL Finance
• Deepak Fertilizers and Petrochemicals Corporation
• Dwarikesh Sugar Industries
• Dynamic Cables
• Electrosteel Castings
• Elgi Equipments
• Entertainment Network (India)
• Fino Payments Bank
• Five-Star Business Finance
• GE T&D India
• Ginni Filaments
• Godrej Properties
• GPT Infraprojects
• Greenply Industries
• HeidelbergCement India
• IIFL Securities
• Indian Metals & Ferro Alloys
• IndoStar Capital Finance
• JBM Auto
• Jain Irrigation Systems
• Jain Irrigation Systems
• JK Lakshmi Cement
• Kernex Microsystems (India)
• K.P.R. Mill
• KRBL
• Lakshmi Machine Works
• LG Balakrishnan & Bros
• Mahindra & Mahindra
• Mankind Pharma
• Maruti Suzuki India
• Murudeshwar Ceramics
• North Eastern Carrying Corporation
• NRB Industrial Bearings
• Nilkamal
• Nitin Fire Protection Industries
• Nuvoco Vistas Corporation
• OnMobile Global
• Oswal Agro Mills
• Oswal Greentech
• The Phoenix Mills
• Prestige Estates Projects
• Pricol
• Puravankara
• Redington
• Relaxo Footwears
• RITES
• Sasken Technologies
• Satin Creditcare Network
• Selan Exploration Technology
• Sonata Software
• Spacenet Enterprises India
• STEEL EXCHANGE INDIA
• Stylam Industries
• Sundram Fasteners
• Tata Investment Corporation
• Tata Steel
• TCNS Clothing Co.
• Teamlease Services
• Thomas Cook  (India) 
• Tracxn Technologies
• Ugro Capital
• Vikas EcoTech
• Zee Entertainment Enterprises

Results

• Varun Beverages Q2 net profit rose 26% to Rs 1,252.6 crore compared to Rs 994 crore YoY.
• Firstsource Solutions Q1 net profit increased by 1.3% to Rs 135.2 crore from Rs 134 crore QoQ.
• Lloyds Metals Q1 net profit grew 38.1% to Rs 557.4 crore against Rs 403 crore YoY.
• Apar Industries Q1 net profit stood at Rs 202 crore versus Rs 197 crore YoY.
• Granules India Q1 net profit reached Rs 135 crore, up from Rs 48 crore YoY.
• Rajratan Global Wire Q1 net profit increased by 22.6% to Rs 15.2 crore compared to Rs 12.4 crore YoY.
• Cartrade Tech Q1 net profit surged 71.5% to Rs 22.3 crore versus Rs 13 crore YoY.
• Sapphire Foods Q1 net profit declined 73.3% to Rs 8 crore from Rs 30 crore YoY.
• Vardhman Textile Q1 net profit rose 74.7% to Rs 238.5 crore compared to Rs 136.5 crore YoY.
• Exide Industries Q1 net profit increased by 15.5% to Rs 279.6 crore from Rs 242 crore YoY.
• Sterlite Technologies Q1 reported a net loss of Rs 48 crore against a loss of Rs 82 crore QoQ.
• Greenpanel Industries Q1 net profit fell 58% to Rs 15.7 crore from Rs 37 crore YoY.
• Shyam Metallics Q1 net profit rose 35.3% to Rs 276 crore compared to Rs 204 crore YoY.
• Force Motors Q1 net profit reached Rs 115.7 crore, up 67% YoY.
• Arvind SmartSpaces Q1 net profit dropped 63% YoY to Rs 3 crore.
• IOC Q1 net profit fell 45.4% to Rs 2,643 crore compared to Rs 4,838 crore QoQ.
• Ajanta Pharma Q1 net profit jumped 18.2% to Rs 245.8 crore from Rs 208.1 crore YoY.
• Indiamart Intermesh Q1 net profit rose 37.4% to Rs 114 crore from Rs 83 crore YoY.
• Dixon Technologies Q1 net profit reached Rs 139.7 crore versus Rs 67.2 crore YoY.

Date: 29 July 2024 Stock Market Highlights

The stock market today started the week on positive momentum and extended the previous session's impressive performance on July 29, as key indices reached new record highs driven by strong earnings from banking stocks announced over the weekend.

• Sensex was up by 23.12 points or 0.03%, closing at 81,355.84.
• Nifty concluded the day at 24,836.10, increasing by 1.25 points or 0.01%.
• Bank Nifty ended the day with a surge of 110.30 points or 0.22% at 51,406.25.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

Roundup of Stock Market Today

Sector Update

• On the sectoral front, IT, FMCG, and telecom sectors declined by 0.4% each.
• Auto, bank, media, capital goods, oil & gas, power, and realty sectors rose between 0.5% to 2.5%.
• The BSE midcap index increased by nearly 1%.
• The BSE smallcap index added 1.2%.

Market Update

• Gensol Engineering receives an EPC order worth Rs 463 crore.
• JSW Energy arm gets LOI for a 192 MW Grid Connected Hybrid Project from GUVNL.
• UltraTech to buy a 32.72% stake in India Cements for Rs 3,954 crore at Rs 390/share.
• IndiGo will damp lease 6 Boeing 737 MAX aircraft from Qatar Airways.
• Sixth Sense India Opportunities II sells a 1.5% stake in Parag Milk Foods.
• NBCC bags an order worth Rs 411.45 crore.
• Dr Reddy’s receives a positive CHMP opinion from the European Medicines Agency.
• Bartronics India enters into a MoU with Bestvantage Technology India.
• Man Infraconstruction achieves ~50% sales within six months of its launch in January 2024 in its Aaradhya OnePark project.
• Goa Carbon's Goa unit temporarily shuts down for maintenance work.
• Astral shifts the operation of its adhesive manufacturing plant to Rania from Unnao.
• BHEL bags an order worth Rs 10,000 crore from Damodar Valley Corporation.
• USFDA issues 10 observations to Biocon's Bengaluru facility.
• NIIT IFBI announces the ACE Banker Program in collaboration with HDFC Bank.
• Maruti Suzuki gets a final assessment order on a tax demand of Rs 779.2 crore.
• Strides Pharma Science incorporates a company in New Zealand.
• Hindustan Zinc gets an I-T order for Rs 1,884.3 crore.
• Manappuram Finance receives an intimation from its subsidiary of potential fraud.
• Jubilant Pharmova gets an I-T department notice for a Rs 38 crore tax demand.
• Cyient DLM signs a production contract for the Dreamliner battery diode module with Boeing.
• Indus Towers to consider a buyback of shares tomorrow.
• Akums Drugs and Pharmaceuticals IPO to open for subscription from tomorrow, i.e., 30th July 2024.

Q1 Results (FY24 - 25)

Upcoming Results on 30th July 2024

• 360 ONE WAM
• ADF Foods
• Allied Digital Services
• Aegis Logistics
• Akshar Spintex
• Apar Industries
• Arvind SmartSpaces
• Balu Forge Industries
• Capital Small Finance Bank
• Carborundum Universal
• Cartrade Tech
• Castrol India
• Cords Cable Industries
• Damodar Industries
• DB (International) Stock Brokers
• Dixon Technologies (India)
• eMudhra
• Exicom Tele-Systems
• Fine Organic Industries
• FORCE MOTORS LTD
• Firstsource Solutions
• GAIL (India)
• Gayatri Highways
• Gokul Refoils and Solvent
• Granules India
• Greenpanel Industries
• Hybrid Financial Services
• India Motor Parts and Accessories
• Indiamart Intermesh
• Indus Towers
• Indian Oil Corporation
• Johnson Controls - Hitachi Air Conditioning India
• Jindal Stainless
• Lexus Granito (India)
• LLOYDS ENGINEERING WORKS
• Lloyds Metals And Energy
• Macrotech Developers
• Manorama Industries
• MOIL
• Navin Fluorine International
• Panama Petrochem
• PTC India Financial Services
• PTC Industries
• Rajratan Global Wire
• Rajshree Polypack
• R R Kabel
• Sapphire Foods India
• SEL Manufacturing Company
• Servotech Power Systems
• Shemaroo Entertainment
• Shyam Metalics and Energy
• Skipper
• SMC Global Securities
• Star Health and Allied Insurance Company
• Stel Holdings
• Sterlite Technologies
• TATA CONSUMER PRODUCTS
• TCPL Packaging
• TITAGARH RAIL SYSTEMS
• Torrent Power
• TVS Supply Chain Solutions
• Urja Global
• V2 Retail
• Varun Beverages
• Vardhman Textiles
• Zaggle Prepaid Ocean Services

Results

• ICICI Bank Q1 net profit up 14.6% to Rs 11,059 crore.
• Punjab National Bank's Q1 net profit is up 159% to Rs 3,252 crore.
• Dr Reddy's Q1 net profit at Rs 1,392 crore, revenue grows 14%.
• Adani Wilmar posted Rs 313 crore profit in Q1 against losses of Rs 79 crore YoY.
• Arvind Q1 net profit slumps 37% at Rs 44 crore Vs Rs 70 crore YoY.
• Sanghi Industries Q1 net loss at Rs 89 crore Vs loss of Rs 189 crore, YoY.
• Whirlpool's Q1 net profit up 92% at Rs 143.8 crore Vs Rs 75 crore YoY.
• Voltamp Transformers Q1 profit up at Rs 79.4 crore Vs Rs 5.8 crore YoY.
• Adani Total Gas Q1 net profit up 14.4% at Rs 171.8 crore Vs Rs 150 crore, YoY.
• Indian Bank Q1 net profit rises 41% at Rs 2,403 crore Vs Rs 1,709 crore, YoY.
• CSB Bank Q1 net profit is down 14.3% at Rs 113.3 crore Vs Rs 132 crore YoY.
• BEL Q1 net profit at Rs 776 crore and revenue at Rs 4,199 crore.
• Strides Pharma Q1 net profit at Rs 70.2 crore Vs loss of Rs 7.1 crore, YoY.
• Kansai Nerolac Paints Q1 net profit is down 69% at Rs 231 crore Vs Rs 738 crore, YoY.
• Wonderla Holidays' Q1 net profit is down 25% at Rs 63.2 crore Vs Rs 84.5 crore YoY.

Date: 26 July 2024 Stock Market Highlights

The stock market today halted a five-day decline to conclude the week on a positive trajectory. Additionally, the Nifty 50 achieved a new high during the final moments of trading.

• Sensex was up by 1292.92 points or 1.62%, closing at 81,332.72.
• Nifty concluded the day at 24,834.85, increasing by 428.75 points or 1.76%.
• Bank Nifty ended the day with a surge of 407.2 points or 0.80% at 51,295.95.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

Roundup of Stock Market Today

Sector Update

• Information technology, automobiles, infrastructure, metals, and pharmaceuticals led the gains at 2-3%.
• Private and public sector banks, FMCG, real estate, and energy sectors also saw increases of 1-1.5%.
• S&P BSE Smallcap index rose by 1%.
• S&P BSE Midcap surged by 2%.

Market Update

• Sun Pharma receives USFDA approval for LEQSELVI.
• Mphasis launches Mphasis NeoCrux and Mphasis NeoZeta.
• SJVN secures a Letter of Intent for a Rs 13,947.5 crore project from the Mizoram Government.
• Mankind Pharma to acquire Bharat Serums from Advent for Rs 13,630 crore.
• Sterling and Wilson win orders worth Rs 328 crore in Rajasthan and Karnataka.
• Chalet Hotels to acquire land in Goa for Rs 137 crore.
• Tata Power subsidiary partners with the Bank of India for rooftop solar and EV charging stations.
• KPI Green secures Letters of Intent from GUVNL for 620MW.
• Alembic Pharma's Panelav unit receives zero observations from the USFDA.
• Paytm gets government approval for investment in its payments arm.
• Vedanta declares a second interim dividend of Rs 4 per equity share.
• Sanstar's IPO debuts on NSE, listing at a 14.7% premium at Rs 109 over the issue price of Rs 95. The stock closed its session at Rs 115.

Q1 Results (FY24 - 25)

Upcoming Results on 27th July 2024

• 3P Land Holdings
• Alankit
• Alkali Metals
• Anant Raj
• Asahi Songwon Colors
• Associated Alcohols & Breweries Ltd.
• Dr. Reddy's Laboratories
• Finolex Industries
• Genus Power Infrastructures
• IDFC First Bank
• The Jammu & Kashmir Bank
• Jaiprakash Power Ventures
• Meghmani Organics
• NTPC
• Punjab National Bank
• REC
• SBFC Finance
• Shaily Engineering Plastics
• Spandana Sphoorty Financial
• Sumitomo Chemical India

Upcoming Results on 29th July 2024

• ACC
• Akme Fintrade (India)
• AGI Greenpac
• Apollo Pipes
• Arvind
• ASK Automotive
• Astec LifeSciences
• Adani Total Gas
• Adani Wilmar
• Balmer Lawrie & Company
• Bharat Electronics
• Consolidated Construction Consortium
• Colgate Palmolive (India)
• CSB Bank
• Data Patterns (India)
• DCM Nouvelle
• Goodluck India
• GVP Infotech
• Hindustan Petroleum Corporation
• Indo Count Industries
• Ideaforge Technology
• India Glycols
• Indian Bank
• ISMT
• Jai Balaji Industries
• Jindal Saw
• Jindal Drilling And Industries
• KEI Industries
• Kalpataru Projects International
• Krishana Phoschem
• Lovable Lingerie
• Maharashtra Seamless
• Mangalore Chemicals & Fertilizers
• Vedant Fashions
• Madhya Bharat Agro Products
• New Delhi Television
• Omax Autos
• Pfizer
• Privi Speciality Chemicals
• Quess Corp
• Restaurant Brands Asia
• Sanghi Industries
• Sarla Performance Fibers
• Sastasundar Ventures
• Shanthi Gears
• Strides Pharma Science
• Tainwala Chemical and Plastic (I)
• Voltamp Transformers
• Wheels India
• Whirlpool of India
• Wonderla Holidays

Results

• Tech Mahindra's Q1 net profit surged 23% to Rs 851 crore.
• Airtel Africa reported a Q1 net profit of $7 million, with revenue declining by 16%.
• AU Small Finance Bank's Q1 PAT increased by 30% on-year to Rs 503 crore.
• DLF's Q1 net profit rose 23%, with margins at 16.8% compared to 27.8% YoY.
• Piramal Pharma posted a Q1 net loss of Rs 88.6 crore, compared to a loss of Rs 98.6 crore YoY.
• Nelcast's Q1 net profit increased by 14.3% to Rs 8 crore against Rs 7 crore YoY.
• Praj Industries' Q1 profit jumped 43.5% to Rs 84.2 crore, while revenue fell by 5% to Rs 699.1 crore.
• Aavas Financiers' Q1 profit rose by 15%, with revenue growing by 16.2%.
• Shriram Finance's Q1 net profit increased by 18.2% to Rs 1,981 crore against Rs 1,675.4 crore YoY.
• TTK Prestige's Q1 net profit declined by 12.9% to Rs 41.8 crore compared to Rs 48 crore YoY.
• HT Media reported a Q1 net loss of Rs 27.6 crore, compared to a loss of Rs 19 crore YoY.
• Equitas Small Finance Bank's Q1 net profit dropped by 86.5% to Rs 25.8 crore against Rs 191 crore YoY.
• IRB InvIT's Q1 net profit fell by 16% to Rs 85.7 crore compared to Rs 102 crore YoY.
• Amber Enterprises' Q1 revenue rose to Rs 2,401 crore from Rs 1,701 crore in Q1FY23.
• Cholamandalam Investment's Q1 net profit increased by 30% to Rs 942 crore compared to Rs 726 crore YoY.
• Cipla's Q1 net profit rose by 18.3% to Rs 1,177.6 crore against Rs 995.7 crore YoY.
• Latent View's Q1 net profit increased by 18.2% to Rs 39 crore against Rs 33 crore YoY.
• IndiGo's Q1 net profit fell by 11.5% on-year to Rs 2,736 crore due to higher fuel costs.
• IndusInd Bank reported a Q1 net profit of Rs 2,171 crore and NII of Rs 5,408 crore.
• Bandhan Bank's Q1 net profit jumped by 47% to Rs 1,063 crore, maintaining healthy asset quality.

Date: 25 July 2024 Stock Market Highlights

Profit-taking persisted for the fifth consecutive session on the stock market today, with the Nifty closing near 24,400 amidst volatility on the Futures and Options (F&O) expiry day.

• Sensex was down by 109.08 points or 0.14%, closing at 80,039.80.
• Nifty concluded the day at 24,406.10, decreasing by 7.40 points or 0.03%.
• Bank Nifty ended the day with a fall of 428.25 points or 0.83% at 50,888.75.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

Roundup of Stock Market Today

Sector Update

• On the sectoral front, auto, capital goods, power, oil & gas, healthcare, and media rose 0.5-3%.
• Meanwhile, IT, metal, realty, and telecom shed 0.5-1%.
• The BSE midcap and smallcap indices ended marginally lower.

Market Update

• Welspun Corp received a prestigious order from the Middle East for the supply of LSAW Pipes and Bends (Bare and Coated).
• South West Pinnacle Exploration secured an order from Hindalco Industries.
• GE Power India received a Letter of Intent worth ₹1.75 crore from Gujarat State Electricity Corporation.
• Rail Vikas Nigam bagged an order worth ₹191 crore from SER HQ-Electrical/South Eastern Railway.
• ITC incorporated a wholly-owned subsidiary in Italy named ITC Infotech Italia s.r.l.
• Tata Power’s Microgrid arm partnered with the National Dairy Development Board to solarize the milk value chain.
• H.G. Infra Engineering was declared the L-1 bidder by the Ministry of Road Transport and Highways (MORTH) for a project worth ₹763.11 crore.
• Servotech received an additional order for 400 units of DC Fast EV Chargers.
• Tata Elxsi selected Wind River Studio Developer for its software-defined vehicle development.
• Sun Pharmaceutical received a warning letter from the US FDA.
• Airtel expanded its Wi-Fi service to an additional 4.1 million households in Gujarat.
• Swaraj Suiting commenced commercial production at its MP unit.
• DEE Development Engineers received a purchase order from Bharat Heavy Electricals.
• RITES received a LoI for a project worth ₹392 crore from the Directorate of Medical Education, Mumbai.
• Pitti Engineering is set to acquire Dakshin Foundry for over ₹153 crore.
• The US FDA conducted a surprise inspection of Gland Pharma's Dundigal facility.
• Mankind Pharma plans to buy BSV Group for ₹14,000 crore.

Q1 Results (FY24 - 25)

Upcoming Results on 26th July 2024

• 20 Microns
• Aarti Drugs
• Accelya Solutions India
• Amber Enterprises India
• Apcotex Industries
• Aro Granite Industries
• Bandhan Bank
• Chembond Chemicals Ltd
• Cholamandalam Investment and Finance Company
• Cipla
• City Union Bank
• De Nora India
• Equitas Small Finance Bank
• ESAF Small Finance Bank
• GACM Technologies
• Gujarat Mineral Development Corporation
• HT Media
• InterGlobe Aviation
• IndusInd Bank
• Intellect Design Arena
• IRB InvIT Fund
• Kaynes Technology India
• KEC International
• Kfin Technologies
• Laxmi Organic Industries
• Mallcom (India)
• Mangalam Organics
• Nelcast
• Nuvama Wealth Management
• POWERGRID Infrastructure Investment Trust
• Power Grid Corporation of India
• Piramal Pharma
• Punjab & Sind Bank
• Quick Heal Technologies
• Sanofi India
• SBC Exports
• SBI Cards and Payment Services
• Shree Digvijay Cement Co.Ltd
• Shriram Finance
• Themis Medicare
• TREJHARA SOLUTIONS
• TTK Prestige
• Xpro India

Results

• Venus Pipes's Q1 profit increased to ₹28 crore from ₹17 crore, YoY.
• Jyothy Labs Q1 net profit rose 4.9% to ₹101 crore from ₹96 crore, YoY.
• L&T Q1 net profit jumped 12% to ₹2,786 crore.
• Ashok Leyland Q1 net profit declined to ₹525.6 crore, while revenue rose to ₹8,599 crore.
• HFCL Q1 net profit increased by 46%, with revenue jumping 16.38%.
• Ujjivan Small Finance Bank's Q1 net profit down 7.1% to ₹301.1 crore from ₹324.1 crore, YoY.
• Nestle India's Q1 net profit stood at ₹746.6 crore, with revenue at ₹4,814 crore.
• LT Foods Q1 net profit is up 11.5% to ₹152.3 crore from ₹137.4 crore, YoY.
• Canara Bank's Q1 net profit increased to ₹3,905.28 crore, up 10.5% from ₹3,534 crore a year ago.
• JK Paper's Q1 profit dropped 54.7% to ₹139.7 crore from ₹308.7 crore, while revenue rose 8.2% to ₹1,713.7 crore.
• Embassy REIT Q1 net operating income increased by 2.7% to ₹758 crore YoY.
• Mahindra Holidays reported a Q1 net profit of ₹5.9 crore, with revenue up 6.3%.
• PNB Housing Finance Q1 net profit increased by 25% to ₹433 crore from ₹347.3 crore YoY.
• Laurus Labs Q1 profit fell to ₹12 crore from ₹28 crore YoY.
• Adani Green's Q1 net profit surged 94.7% to ₹629 crore from ₹323 crore YoY.
• Westlife Foodworld's Q1 net profit declined 88.9% to ₹3.2 crore from ₹28.8 crore YoY.
• Chennai Petroleum's Q1 profit fell to ₹357 crore from ₹628 crore, QoQ.

Date: 24 July 2024 Stock Market Highlights

The stock market today saw profit booking for the fourth consecutive session on July 24, with Nifty below 24,450, primarily driven by banking stocks.

• Sensex was down by 280.16 points or 0.35%, closing at 80,148.88.
• Nifty concluded the day at 24,413.50, decreasing by 65.55 points or 0.27%.
• Bank Nifty ended the day with a fall of 461.30 points or 0.89% at 51,317.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

Roundup of Stock Market Today

Sector Update

• Healthcare, oil & gas, media, telecom, and power sectors are up 1-2%.
• FMCG and bank indices are down 0.5-1%.
• BSE Midcap index increased by 0.7%.
• BSE Smallcap index rose by 2%.

Market Update

• Adani Green Energy arm operationalized 250 MW of wind power project at Khavda.
• Hi-Tech Pipes decarbonizes its manufacturing facilities.
• KEC International bags a Rs 1,422 crore order.
• Gujarat Toolroom bags an import/export order worth Rs 150 crore.
• Alembic Pharma gets USFDA nod for Fluphenazine Hydrochloride Tablets.
• Global Health board approves acquisition of 8,859.24 sqm land parcel in Jogeshwari for Rs 125.11 crore.
• Welspun Living board approves buyback of up to Rs 278 crore at Rs 220 per share.
• Sterlite Technologies extends its partnership with Netomnia to develop a full-fibre network in the UK.
• CG Power to acquire a 55% stake of GG Tronics for Rs 319.4 crore.

Q1 Results (FY24 - 25)

Upcoming Results on 25th July 2024

• 21st Century Management Services
• Aavas Financiers
• Adani Energy Solutions
• Adani Green Energy
• Allsec Technologies
• Ashok Leyland
• AU Small Finance Bank
• Banaras Beads
• Canara Bank
• Chalet Hotels
• Chennai Petroleum Corporation
• Cyient
• Dhampur Bio Organics
• Diamond Power Infrastructure
• DLF
• Embassy Office Parks REIT
• Foseco India
• Gangotri Textiles
• Glenmark Life Sciences
• Go Digit General Insurance
• Hindustan Media Ventures
• Home First Finance Company India
• IG Petrochemicals
• Jupiter Wagons
• Jyothy Labs
• Laurus Labs
• LT Foods
• Mangalam Global Enterprise
• Mahanagar Gas
• Mittal Life Style
• Motilal Oswal Financial Services
• MphasiS
• Nestle India
• PIL ITALICA LIFESTYLE
• PNB Housing Finance
• Praj Industries
• The Ramco Cements
• Shah Metacorp
• Share India Securities
• Sikko Industries
• Tech Mahindra
• Thangamayil Jewellery
• Tips Films
• United Breweries
• Ujjivan Small Finance Bank
• Venus Pipes & Tubes
• Vesuvius India
• Viji Finance
• Vardhman Special Steels
• VST Industries
• WESTLIFE FOODWORLD

Results

• SBI Life Insurance Q1 net profit rises 36% year-on-year to Rs 519 crore.
• Axis Bank Q1 FY25 net profit rises to Rs 6,035 crore from Rs 3,452 crore in the corresponding quarter of the previous year.
• Butterfly Gandhimathi Q1 net profit down 83% year-on-year to Rs 2.5 crore from Rs 14.7 crore.
• Tata Teleservices (Maharashtra) Q1 net loss at Rs 323.4 crore compared to a loss of Rs 301.2 crore year-on-year.
• Go Fashion Q1 net profit up 10.3% year-on-year to Rs 29 crore from Rs 26.3 crore.
• Federal Bank Q1 net profit at Rs 1009.5 crore.
• Bajaj Finserv Q1 profit up 10% year-on-year to Rs 2138 crore.
• CG Power Q1 net profit jumps 18.1% year-on-year to Rs 241 crore from Rs 204 crore.
• KPIT Technologies Q1 net profit rises 24.4% quarter-on-quarter to Rs 204 crore from Rs 164 crore.
• Rane Madras reports a Q1FY25 profit of Rs 3.4 crore against a loss of Rs 14 crore year-on-year.
• Petronet LNG Q1 net profit up 54.7% quarter-on-quarter to Rs 1,141.6 crore from Rs 738 crore.
• V-Guard Q1 net profit up 54% year-on-year to Rs 99 crore from Rs 64.2 crore.
• Mahindra Lifespace reports a Q1 net profit of Rs 13 crore versus a loss of Rs 4.3 crore year-on-year, with revenue up 92% at Rs 188.1 crore.
• Syngene International Q1 net profit down to Rs 76 crore from Rs 93 crore year-on-year.

Date: 23 July 2024 Stock Market Highlights

The stock market today closed lower for the third consecutive session on July 23, following a variety of announcements made by Finance Minister Nirmala Sitharaman during her Union Budget speech.

• Sensex was down by 73.04 points or 0.09%, closing at 80,429.04.
• Nifty concluded the day at 24,479.05, decreasing by 30.20 points or 0.12%.
• Bank Nifty ended the day with a fall of 502.10 points or 0.96% at 51,778.30.

Top Gainers of Nifty 50

Top Losers of Nifty 50

Roundup of Stock Market Today

Sector Update

• Among sectors, FMCG, healthcare, media, and IT indices were up 0.5-2.5%.
• Bank, capital goods, metal, oil & gas, and realty indices were down 1-2%.
• The BSE midcap index shed 0.7%, while the smallcap index ended on a flat note.

Market Update

• RailTel Corporation of India bags Rs 187 crore order from Ministry of Railways
• Ajooni Biotech enters Gujarat market for supply of pure veg cattle feed
• Gensol Engineering emerges as the winning bidder for 116 MW solar projects
• Marine Electricals bags order worth Rs 20.40 crore
• Oil India signs a contract with Dolphin Drilling, Norway, for the hiring of the anchor-moored semi-submersible drilling unit Blackford Dolphin
• Bata India approves closure of Southcan Unit in the state of Karnataka
• Gland Pharma receives tentative USFDA approval for Latanoprostene Bunod Ophthalmic Solution
• Bondada Engineering bags orders worth approximately Rs 5 crore from M/s. Svojas Power for fabrication
• Sanstar IPO subscribed 82.92 times on the second day of the bidding.

Q1 Results (FY24 - 25)

Upcoming Results on 24th July 2024

• Aditya Birla Sun Life AMC
• Aurionpro Solutions
• Axis Bank
• Bajaj Finserv
• Bikaji Foods International
• Bliss GVS Pharma
• Butterfly Gandhimathi Appliances
• CG Power and Industrial Solutions
• CMS Info Systems
• Compucom Software
• Craftsman Automation
• Cybertech Systems And Software
• Dangee Dums
• DCB Bank
• EPACK Durable
• Epigral
• The Federal Bank 
• Go Fashion (India)
• Heubach Colorants India
• HFCL
• Indian Energy Exchange
• Indraprastha Gas
• India Grid Trust
• Jindal Steel & Power
• JK Paper
• JSW Holdings
• KPIT Technologies
• The Karnataka Bank
• Larsen & Toubro
• Mahindra Lifespace Developers
• MAS Financial Services
• Oracle Financial Services Software
• PDS
• Petronet LNG
• PG Electroplast
• PNB Gilts
• Hitachi Energy India
• Prime Securities
• Ramco Systems
• Ramkrishna Forgings
• Rane (Madras)
• SBI Life Insurance Company
• Shriram Pistons & Rings
• SIS
• Sona BLW Precision Forgings
• Shekhawati Poly-Yarn
• Syngene International
• Tatva Chintan Pharma Chem
• TIPS Industries
• Thirumalai Chemicals
• TRF
• Trident
• Tata Teleservices (Maharashtra)
• Vardhman Acrylics
• V-Guard Industries
• Welspun Living

Results

• Cigniti Technologies Q1 profit tanks 76.4% to Rs 10.5 crore vs Rs 44.6 crore YoY
• HUL Q1 net profit at Rs 2,538 crore and revenue at Rs 15,339 crore
• Bajaj Finance Q1 net profit at Rs 3,912 crore and Net Interest Income at Rs 8,365 crore
• SRF Q1 net profit at Rs 252 crore and revenue at Rs 3,464 crore
• Sharda Cropchem Q1 net profit at Rs 27.3 crore vs loss of Rs 88.6 crore YoY
• Mahindra & Mahindra Financial Services Q1 net profit at Rs 513 crore
• Suzlon Energy Q1 net profit triples to Rs 302 crore
• UCO Bank Q1 net profit jumps 147% YoY to Rs 551 crore

Union Budget Highlights:

Agriculture and Rural Development:

• Rs 1.52 lakh crore approved for agriculture and allied sectors.
• Rs 2.66 lakh crore allocated for rural development.
• Financing for shrimp farming through NABARD.

Infrastructure and Development:

• Andhra Pradesh to get Rs 15,000 crore financial support.
• Urban housing outlay of Rs 10 lakh crore.
• Rs 26,000 crore allocated for highways in Bihar.
• PM Gram Sadak Yojana Phase IV launched for rural connectivity.
• Rs 1,000 crore boost for space economy.

MSME and Manufacturing:

• Credit guarantee scheme and term loans for MSMEs.
• Technology support and financing packages for MSMEs.
• Mudra loans increased from 10 lakh to 20 lakh.
• SIDBI to expand branches to serve all MSME clusters within 3 years.

Youth and Employment Schemes

• Five schemes focusing on 4.1 crore youth over 5 years with a central outlay of Rs 2 lakh crore.
• One month of salary support for enterprises for first-time employees.
• Internship scheme in top companies for one crore youth over five years.

Energy and Innovation:

• Partnership with private sector for Bharat Small Reactors.
• JV between NTPC and BHEL for 800 MW commercial plant using AUSC technology.
• PM Surya Ghar Muft Bijli Yojana launched for rooftop solar installations.

Taxation:

• Basic customs duty on mobile phones and chargers reduced to 15%.
• Custom duty on gold and silver reduced to 6%.
• STT on F&O hiked to 0.02% and 0.1%.
• TDS rate on e-commerce operators reduced to 0.1% from 1%.
• Standard deduction limit hiked to Rs 75,000 from Rs 50,000.
• Limit of STCG tax hiked to 20%, LTCG raised from 10% to 12.5%.
• Corporate tax rate on foreign companies reduced to 25%.

Income Tax

• 0-3 lakh - Nil, 
• 3-7 lakh - 5%, 
• 7-10 lakh - 10%, 
• 10-12 lakh - 15%, 
• 12-15 lakh - 20%.
• Above 15 lakh - 30%

Date: 22 July 2024 Stock Market Highlights

The stock market today closed lower for the second consecutive session on July 22 due to selling pressure in major stocks, with traders exercising caution ahead of the Union Budget announcements

• Sensex was down by 102.57 points or 0.13%, closing at 80,502.08.
• Nifty concluded the day at 24,509.25, decreasing by 21.65 points or 0.09%.
• Bank Nifty ended the day with a surge of 14.80 points or 0.03% at 52,280.40.

Top Gainers of Nifty 50

Top Losers of Nifty 50

Roundup of Stock Market Today

Sector Update

• On the sectoral front, auto, capital goods, healthcare, metal, and power indices each went up by 1%.
• Selling was seen in the media, bank, IT, realty, and FMCG sectors.
• The BSE midcap index added 1.3%.
• The smallcap index rose by 0.8%.

Market Update

• JSW Energy's arm bags solar power projects.
• Anant Raj enters into a Memorandum of Understanding with Google LLC.
• Rolls-Royce and TCS collaborate on a hydrogen research programme.
• USFDA classifies Jubilant Pharmova's Canada facility as VAI (Voluntary Action Indicated).
• JSW Infrastructure acquires an under-development slurry pipeline project from JSW Utkal Steel.
• Varun Beverages' subsidiary starts soft drink production at a facility in Congo.
• Veerhealth Care bags a repeat order in the hair care category.
• Coal India emerges as the preferred bidder for the Khattali Chotti graphite block in Alirajpur district, Madhya Pradesh.
• ONGC's arm to acquire a stake in the Azeri Chirag Gunashli (ACG) oil field.
• EMS JV bags an order worth Rs 535 crore from the Uttarakhand Urban Sector Development Agency.
• BigBloc Construction board approves the issuance of 1:1 bonus shares.
• Sanstar IPO subscribed 13.51 times on the second day of the bidding.

Q1 Results (FY24 - 25)

Upcoming Results on 23rd July 2024

• Bajaj Finance
• Blue Coast Hotels
• DCM Shriram
• Heritage Foods
• Hindustan Unilever
• ICRA
• Indoco Remedies
• InfoBeans Technologies
• ICICI Securities
• Kajaria Ceramics
• Mahindra & Mahindra Financial Services
• MIC Electronics
• Next Mediaworks
• Parag Milk Foods
• Rane Engine Valve
• Schaeffler India
• Sharda Cropchem
• SRF
• Steel Strips Wheels
• Surana Telecom and Power
• Thyrocare Technologies
• Torrent Pharmaceuticals
• United Spirits

Results

• Jio Platforms' Q1 profit increases by 12% to Rs 5,698 crore.
• HDFC Bank's Q1 PAT rises 35% year-on-year to Rs 16,174.75 crore.
• YES Bank's Q1 PAT rises 47% year-on-year to Rs 502 crore.
• Dodla Dairy's Q1 net profit jumps 86% to Rs 65 crore.
• Supreme Industries' consolidated profit up 26.8% at Rs 273.37 crore.
• Indian Overseas Bank's Q1 profit rises to Rs 633 crore from Rs 500 crore.
• Poly Medicure's Q1 consolidated profit rises to Rs 74 crore from Rs 62.7 crore year-on-year.
• IDBI Bank's Q1 net profit up 40.4% to Rs 1,719.3 crore from Rs 1,224.2 crore year-on-year.
• UCO Bank's Q1 net profit rises to Rs 551 crore from Rs 223.5 crore year-on-year.
• Solara Active Pharma reports a net loss of Rs 13.5 crore in Q1; revenue up 3.3% at Rs 364 crore.

Date: 19 July 2024 Stock Market Highlights

Profit-taking spread throughout the stock market today before the Union Budget 2024 presentation scheduled for July 23. Precautionary measures before the event also led to significant profit-taking, causing all major indices to decline into negative territory.

• Sensex was down by 738.81 points or 0.91%, closing at 80,604.65.
• Nifty concluded the day at 24,530.90, decreasing by 269.95 points or 1.09%.
• Bank Nifty ended the day with a fall of 355.10 points or 0.67% at 52,265.60.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

Roundup of Stock Market Today

Sector Update

• Banking, auto, IT, FMCG, and telecom sectors saw gains ranging from 0.3% to 2%.
• Conversely, capital goods, metal, power, and media sectors experienced declines ranging from 1% to 3.5%.
• Both the BSE midcap and smallcap indices declined by 1% each.

Market Update

• Bharti Airtel bags a multi-year contract from CBDT for providing network solutions.
• Dr. Reddy’s signs a patent licensing agreement with Takeda Pharma.
• Tech Mahindra plans to merge its step-down subsidiary with its parent company.
• USFDA classifies an inspection at Zydus Lifesciences as Official Action Indicated (OAI).
• KPI Green Energy secures a 100 MW Captive Solar Power Project.
• Caplin Steriles receives USFDA approval for Ephedrine Sulfate Injection USP.
• GPT Infraprojects secures an order worth Rs 103 crore.
• CCI approves Dixon's acquisition of a 56% stake in Ismartu India.
• CaratLane Trading becomes a wholly-owned subsidiary of Titan Company, effective July 18, 2024.
• Gravita India's step-down subsidiary Recyclers Costa Rica S.A. in Costa Rica closes.
• Nazara Technologies acquires a stake in Paper Boat Apps.
• USFDA conducts a cGMP inspection at Divis Lab.
• RVNL signs an MoU with United Construction Limited, Israel, to collaborate on projects in various sectors.
• USFDA issues 2 observations for Zydus Life's transdermal manufacturing site at SEZ in Ahmedabad.
• Sanstar IPO subscribed 4.4 times on the first day of the bidding.

Q1 Results (FY24 - 25)

Upcoming Results on 20th July 2024

• Aarti Surfactants
• Arihant Capital Markets
• Can Fin Homes
• Gravita India
• HDFC Bank
• JK Cement
• Kirloskar Pneumatic Company
• Kotak Mahindra Bank
• Motisons Jewellers
• Netweb Technologies India
• Poonawalla Fincorp
• RBL Bank
• Rossari Biotech
• Seshasayee Paper and Boards
• Shakti Pumps (India)
• Sportking India
• Vikas Lifecare
• Yes Bank

Results

• Dalmia Bharat's Q1 profit rises marginally to Rs 145 crore.
• JSW Infrastructure's Q1 net profit declines to Rs 297 crore.
• Aether Industries' Q1 net profit remains flat at Rs 30 crore YoY.
• Jubilant Pharmova's Q1 net profit surges to Rs 482 crore from Rs 6.4 crore YoY.
• Atul Ltd's Q1 net profit rises 8.4% to Rs 112 crore.
• Blue Dart's net profit declines by 13% in the June quarter, with revenue up 8.5% at Rs 1,343 crore.
• UltraTech reports Q1 net profit at Rs 1,695 crore.
• BPCL's Q1 net profit falls 29% to Rs 3,015 crore, with revenue down 2.6% to Rs 1.13 lakh crore.
• Wipro's Q1 FY25 net profit rises 4.6% to Rs 3,003 crore, beating market expectations.

Date: 18 July 2024 Stock Market Highlights

The stock market today surged to a new record high and continued its winning streak for the fourth consecutive session on July 18, driven by IT, banking, and FMCG sectors.

• Sensex was up by 626.91 points or 0.78%, closing at 81,343.46.
• Nifty concluded the day at 24,800.85, increasing by 187.85 points or 0.76%.
• Bank Nifty ended the day with a surge of 223.90 points or 0.46% at 52,396.80.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

Roundup of Stock Market Today

Sector Update

• Banking, auto, IT, FMCG, and telecom sectors saw gains ranging from 0.3% to 2%.
• Conversely, capital goods, metal, power, and media sectors experienced declines ranging from 1% to 3.5%.
• Both the BSE midcap and smallcap indices declined by 1% each.

Market Update

• Bajaj Auto receives over 30,000 bookings for its Freedom 125 CNG motorcycle.
• Zydus Life enters into a non-exclusive patent licensing agreement with Takeda for Vonoprazan in India.
• Plutus Wealth Management LLP acquires additional stake in Indiabulls Housing Finance.
• Glenmark Pharma receives USFDA approval for Topiramate Capsules.
• Aurobindo Pharma announces a share buyback up to Rs 750 crore at Rs 1,460 per share, with a record date of 30th July 2024.
• KEC International secures orders worth Rs 1,100 crore.
• Bondada Engineering obtains a Rs 59 crore order from KPI Green.
• FlixBus forms a strategic partnership with Paytm to enhance its distribution capabilities.
• Adani Green Energy's Q1 operational capacity increases by 31%.
• Adani Enterprises JV plans to acquire Coredge.io, a sovereign AI and cloud platform company.
• TVS Motor will invest 200 million pounds in its subsidiary.
• Andhra Cement to invest Rs 19 crore for a 6 MW solar power plant.
• IRDAI imposes a penalty of Rs 2 crore on Bajaj Finance.
• ONGC commences production from CBM block in Bokaro, Jharkhand.
• Zydus Life signs a non-exclusive patent licensing agreement with Takeda for Vonoprazan in India.
• LTIMindtree secures a multi-million dollar contract extension from Absa Bank.
• Power Mech bags an order worth Rs 209.50 crore from Hindustan Zinc.
• Sanstar IPO to open for subscrption from tomorrow, i.e. 19th July 2024.

Q1 Results (FY24 - 25)

Upcoming Results on 19th July 2024

• Aether Industries
• Atul
• Aurum PropTech
• BEML Land Assets
• Blue Dart Express
• Bharat Petroleum Corporation
• CREDITACCESS GRAMEEN
• Integra Essentia
• Fedbank Financial Services
• Gujarat Lease Financing
• ICICI Lombard General Insurance Company
• Indbank Merchant Banking Services
• The Indian Hotels Company
• JSW Energy
• JSW Steel
• Jubilant Pharmova
• Kabra Extrusion Technik
• Ksolves India
• Mahindra EPC Irrigation
• Nippon Life India Asset Management
• Oberoi Realty
• Onward Technologies
• The Orissa Minerals Development Company
• Patanjali Foods
• One 97 Communications
• Ponni Sugars (Erode)
• PVR INOX
• Reliance Industries
• ROUTE MOBILE
• RPG Life Sciences
• Spentex Industries
• Supreme Petrochem
• Summit Securities
• Tejas Networks
• Tree House Education & Accessories
• Transformers And Rectifiers (India)
• UltraTech Cement
• Virinchi
• Wipro

Results

• Asian Paints Q1 net profit decreased by 25% to Rs 1,170 crore.
• TV18 Broadcast Q1 revenue dropped 3% to Rs 3,069 crore from Rs 3,176 crore YoY.
• Newgen Software Q1 net profit fell 55% to Rs 47.6 crore from Rs 105.3 crore QoQ.
• Elecon Engineering Company Q1 net profit increased 0.5% to Rs 73.4 crore from Rs 72.96 crore YoY.
• Central Bank of India Q1 net profit rose to Rs 880 crore from Rs 418 crore YoY.
• Sterling & Wilson Q1 net profit was Rs 4.2 crore, compared to a loss of Rs 95.5 crore YoY.
• Karur Vysya Bank Q1 net profit increased by 28% to Rs 459 crore from Rs 359 crore YoY.
• Mastek Q1 net profit rose 2% to Rs 71.5 crore from Rs 70 crore QoQ.
• Swaraj Engines Q1 net profit increased by 5% to Rs 43 crore from Rs 41 crore YoY.
• Havells Q1 net profit was Rs 411.2 crore, and revenue was Rs 5,800 crore, up 20% YoY.
• Polycab India Q1 net profit was Rs 396 crore, down 0.8% YoY.
• Premier Explosives Q1 net profit decreased to Rs 7.3 crore from Rs 8.2 crore YoY.
• Tata Communications Q1 net profit dropped 13% to Rs 333 crore from Rs 382 crore YoY.
• Infosys Q1 net profit was Rs 6,368 crore, and rupee revenue was Rs 39,315 crore.

Date: 16 July 2024 Stock Market Highlights

The stock market today extended its winning streak for the third consecutive session on July 16, with benchmark indices hitting new record highs due to increased buying activity in IT, realty, and FMCG stocks.

• Sensex was up by 51.69 points or 0.06%, closing at 80,716.55.
• Nifty concluded the day at 24,613, increasing by 26.30 points or 0.11%.
• Bank Nifty ended the day with a fall of 59.10 points or 0.11% at 52,396.80.

Wednesday i.e., 17th July 2024, will be a trading holiday on account of Muharram across all segments of the market. Commodities evening session will remain open for trading from 5 PM.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

Roundup of Stock Market Today

Sector Update

• Realty index surged 1.6%.
• FMCG, IT, Metal, and Telecom indices rose by 0.3-0.9%.
• Media index declined by 1%.
• Power and Capital Goods indices were down 0.5% each.
• BSE midcap index fell 0.3%.
• BSE smallcap index increased by 0.3%.

Market Update

• Paytm receives an administrative warning over related-party transactions with PPBL.
• The government increases the windfall tax on crude oil to Rs 7,000 per tonne from Rs 6,000.
• Hahnair selects RateGain to manage pricing for over 350 airlines globally.
• Reliance Infrastructure gets an administrative warning from SEBI.
• RITES secures a contract worth Rs 42.53 crore from the Public Works Roads Department, Government of Assam.
• YES Bank receives a penalty order of Rs 22,79,659 from the GST department.
• Unichem Laboratories receives 5 observations from the USFDA.
• One Point One Solutions plans to acquire a 100% stake in a BPO company.
• Ujaas Energy approves a bonus issue in the ratio of 1:4 (one bonus share for every four shares held).
• Happiest Minds launches WATCH360, an AI-infused packaged offering.
• Garden Reach Shipbuilders signs a contract with NCPOR for the construction and delivery of an ocean research vessel.
• HUL to sell Pureit to AO Smith India for Rs 600 crore.

Q1 Results (FY24 - 25)

Upcoming Results on 17th July 2024

• E2E Networks 
• Elecon Engineering Company 
• Hathway Cable & Datacom 
• LTIMindtree 
• Ratnaveer Precision Engineering 
• JHS Svendgaard Retail Ventures 
• Surana Solar 
• Vimta Labs 

Upcoming Results on 18th July 2024

• Andhra Cements
• CEAT
• Central Bank of India
• Choice International
• CIE Automotive India
• Dalmia Bharat
• D. P. Abhushan
• Gopal Snacks
• Grindwell Norton
• Havells India
• Infosys
• Inventure Growth & Securities
• JSW Infrastructure
• Karur Vysya Bank
• L&T Technology Services
• Mastek
• Menon Bearings
• Newgen Software Technologies
• Persistent Systems
• Polycab India
• Premier Explosives
• Rallis India
• Reliance Industrial Infrastructure
• Sagar Cements
• Shoppers Stop
• Shrenik
• The South Indian Bank
• Swaraj Engines
• Sterling and Wilson Renewable Energy
• Tanla Platforms
• Tata Communications
• Tata Technologies
• Vraj Iron and Steel

Results

• Hatsun Agro Product's net profit surged 62.9% to Rs 130.5 crore from Rs 80.1 crore YoY, with revenue rising 10.4%.
• Jio Financial Services' Q1 net profit rose 0.64% to Rs 312.6 crore, while revenue fell 0.07% to Rs 417.8 crore.
• DB Corp's Q1 net profit increased by 49% to Rs 118 crore compared to Rs 79 crore YoY.
• CRISIL's Q2 net profit remained flat at Rs 150 crore YoY.
• Cipla received a tax demand notice for Rs 773.44 crore.
• Bajaj Auto reported a Q1 net profit of Rs 1,988 crore and revenue of Rs 11,928 crore.
• Century Textiles posted a Q1 net profit of Rs 7.8 crore, reversing a loss of Rs 5.9 crore YoY, with revenue rising 28.5%.
• Himadri Speciality Chemical's Q1 net profit increased by 42.2% to Rs 122.6 crore from Rs 86 crore, with revenue up 26.2% at Rs 1,200.4 crore.
• Jubilant Ingrevia's Q1 net profit rose 15.5% to Rs 48.7 crore from Rs 57.6 crore YoY.

Date: 15 July 2024 Stock Market Highlights

The bullish trend persisted on the stock market today for the second consecutive session, as the Nifty reached a new all-time high driven by buying activity across various sectors except Information Technology.

• Sensex was up by 145.52 points or 0.18%, closing at 80,664.86.
• Nifty concluded the day at 24,586.70, increasing by 84.55 points or 0.35%.
• Bank Nifty ended the day with a surge of 177 points or 0.34% at 52,455.90.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

Roundup of Stock Market Today

Sector Update

• IT index surged 4.5%.
• Media index added more than 2%.
• Realty index shed 1.5%.
• Power index was down nearly 1%.
• Capital Goods index down 0.5%.
• Auto index down 0.5%.
• BSE midcap and smallcap indices ended with marginal losses.

Market Update

• CESC subsidiary signs a framework agreement with Suzlon Energy for wind capacity.
• RSWM agrees with Didwania Trading to sell a thermal power plant.
• Zen Technologies unveils four new products for the global defense market.
• GE T&D India receives an order worth Rs 490 crore from Power Grid Corporation of India.
• Lupin receives an Establishment Inspection Report (EIR) from USFDA for its Gujarat facility.
• SRM Contractors secures a contract worth Rs 278 crore.
• M&M and JSW in discussions with Skoda Auto for a potential partnership.
• Piramal Pharma receives zero observations from USFDA.
• Ashok Leyland bags its largest order ever for 2,104 fully built buses from Maharashtra State Road Transport Corporation.
• EMS receives a letter of award for a Rs 141 crore project.
• Hindalco Industries to sell land located at Kalwa, Maharashtra to Ekamaya Properties.
• Varun Beverages signs an agreement to manufacture and sell Simba Munchiez in Zimbabwe and Zambia.
• USFDA issues two procedural observations to Suven Pharma.
• Apollo Micro Systems secures a Make II project from the Indian Army.
• Waaree Renewable Technologies bags an order for the execution of Engineering, Procurement, and Construction (EPC) works for a 30 MW DC capacity solar power project.
• Alembic Pharmaceuticals received USFDA approval for the injection of Selexipag.
• Central Bank of India partners with Arka Finca for co-lending.

Q1 Results (FY24 - 25)

Upcoming Results on 16th July 2024

• Alok Industries
• Agro Tech Foods
• Bajaj Auto
• Aditya Birla Money
• Century Textiles & Industries
• D.B.Corp
• Eimco Elecon (India)
• Himadri Speciality Chemical
• Jubilant Ingrevia
• Just Dial
• L&T Finance
• Network18 Media & Investments
• TV18 Broadcast

Results

• DMart reports a 17.5% increase in Q1 net profit to Rs 773.8 crore.
• HCL Tech's Q1 net profit rises by 20% to Rs 4,257 crore.
• Plastiblends India sees a 41.8% spike in Q1 profit; revenue grows 8.1% to Rs 211.6 crore.
• 5paisa Capital's net profit jumps 39% to Rs 20.1 crore YoY; revenue grows 21% to Rs 102.3 crore.
• Bhansali Engineering Polymers records a 5.6% increase in Q1 profit to Rs 53.4 crore.
• Geojit Financial's net profit surges by 107.5% to Rs 45.81 crore YoY.
• Bank Of Maharashtra reports a 46.6% increase in Q1 net profit at Rs 1,293.5 crore YoY.
• HDFC Life's Q1 net income stands at Rs 478 crore, up 15% YoY.
• HDFC AMC sees a 26.4% increase in Q1 net profit to Rs 604 crore YoY.

Date: 12 July 2024 Stock Market Highlights

Bulls returned to the stock market today, propelling benchmarks to new highs, driven by IT stocks following TCS' Q1 earnings meeting expectations.

• Sensex was up by 622 points or 0.78%, closing at 80,519.34.
• Nifty concluded the day at 24,502.15, increasing by 186.20 points or 0.77%.
• Bank Nifty ended the day with a surge of 8.25 points or 0.02% at 52,278.90.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

Roundup of Stock Market Today

Sector Update

• IT index surged 4.5%.
• Media index added more than 2%.
• Realty index shed 1.5%.
• Power index down nearly 1%.
• Capital Goods index down 0.5%.
• Auto index down 0.5%.
• BSE midcap and smallcap indices ended with marginal losses.

Market Update

• Aditya Birla Fashion increases its stake in Goodview Fashion.
• Infosys subsidiary secures an order from the Delaware Labor Department.
• Jio Financial Services receives RBI approval to become a core investment company.
• AVG Logistics wins a Rs 60 crore tender from UPSRTC.
• Adani Wilmar acquires a 67% stake in Omkar Chemical Industries.
• Zydus Life's arm receives a GST demand order of Rs 20 crore.
• LT Foods opens a facility in Harlow, UK.
• Cyient to establish a subsidiary for its semiconductor business.
• Indosolar begins operations at its 1.30 GW solar module manufacturing facility.
• Oriental Rail's arm secures an order worth Rs 432 crore.
• BEL receives export orders totalling Euro 25.75 million.
• Ahluwalia Contracts secures an order worth Rs 581 crore.

Q1 Results (FY24 - 25)

Upcoming Results on 13th July 2024

• Bhansali Engineering Polymers
• Avenue Supermarts
• Excel Realty N Infra
• Geojit Financial Services
• Kernex Microsystems (India)
• Plastiblends India

Upcoming Results on 15th July 2024

• Angel One
• Atam Valves
• CRISIL
• Davangere Sugar Company
• Den Networks
• Ganesh Housing Corporation
• Hatsun Agro Product
• HDFC Asset Management Company
• HDFC Life Insurance Company
• Jio Financial Services
• KBC Global
• Kellton Tech Solutions
• Bank of Maharashtra
• Monarch Networth Capital
• Sheetal Cool Products
• Styrenix Performance Materials
• Udaipur Cement Works
• Viceroy Hotels

Date: 10 July 2024 Stock Market Highlights

The stock market today fell from a recent peak due to a major automaker's price reductions and expectations for the upcoming earnings season. Investors are also watching closely for signals from the upcoming budget.

• Sensex was down by 426.87 points or 0.53%, closing at 79,924.77.
• Nifty concluded the day at 24,324.45, decreasing by 108.75 points or 0.45%.
• Bank Nifty ended the day with a loss of 379.50 points or 0.72% at 52,189.30.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

Roundup of Stock Market Today

Sector Update

• Nifty Auto index led losses, falling 2%.
• Nifty Metal index declined by 1.6%.
• Nifty PSU Bank index fell by 1.4%.
• Nifty IT index was down 1%.

Market Update

• RVNL received a letter of acceptance from Maharashtra Metro Rail Corporation Limited for constructing elevated metro stations.
• Adani Ports got a LoI for developing, operating, and maintaining Berth No 13 at Deendayal Port.
• BLS International's arm completed the acquisition of a 100% stake in iData for Rs 720 crore.
• Havells India plans to expand manufacturing capacities of cables from 32.90 lakh km to 41.20 lakh km in Alwar.
• Mahindra Group reduced the price of its top XUV700 model to Rs 19.49 lakh ex-showroom.
• IFSCA granted registration to Abans Holdings IFSC branch as a registered fund management entity (non-retail).
• Krishna Institute is set to acquire a 100% controlling stake in Chalasani Hospitals for Rs 75 crore.
• Emcure Pharmaceuticals shares debuted strongly, listing at Rs 1,325.05, a premium of 31.5% over the issue price of Rs 1,008.
• Bansal Wire Industries made an impressive debut on the NSE, listing at Rs 356, a premium of 39% over the issue price of Rs 256.
• Infosys secured a 5-year order from Sector Alarm.
• ITCONS received a contract from UP police to provide 28 semi-skilled employees.
• JASH Engineering secured a Rs 57 crore order in June 2024.
• Greaves Finance partnered with ACKO to facilitate seamless EV ownership across India.
• GE Power secured a Rs 7.7 crore order from Mangalore Refinery.
• TVS Motor Company launched the 2024 TVS Apache RTR 160 - Racing Edition.
• M&M clarified no linkage between the price cut on XUV700 variants and the UP EV/Hybrid policy.
• Glenmark Pharma plans to sell a 7.84% stake in Glenmark Life via OFS.
• Zydus Lifesciences received final approval from USFDA for Sacubitril & Valsartan Tablet.

Date: 9 July 2024 Stock Market Highlights

The stock market today achieved new all-time highs driven by purchases in top-tier stocks, strong global market trends, and inflow of foreign funds.

• Sensex was up by 391.26 points or 0.49%, closing at 80,351.64.
• Nifty concluded the day flat at 24,433.20, increasing by 112.65 points or 0.46%.
• Bank Nifty ended the day with a gain of 143 points or 0.27% at 52,568.80.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

Roundup of Stock Market Today

Sector Update

• Nifty Auto led sectoral gains, rising 2.2%.
• Nifty Consumer Durables increased by 1.7%.
• Nifty Pharma was up 1.6%.
• Nifty PSU Bank and Nifty Realty each gained 1.1%.
• Nifty FMCG rose 1%.

Market Update

• Inox Wind bags a 200 MW order for its latest wind turbine generators.
• L&T arm to buy a 100% stake in SiliConch Systems.
• Bharat Road Network arm receives an inspection letter.
• Malaysia Airlines selects RateGain for a multi-year partnership to get AI-powered rate intelligence.
• Quess Corp appoints Gurmeet Chahal as CEO of Quess Global Technology Solutions.
• Shyam Metalics reports a 100.69% YoY increase in sales volumes of Stainless Steel, with realizations up by 44.03% YoY.
• Fischer Medical Ventures collaborates with Tech Avant-Garde.
• AGS Transact renews its commercial agreement with private banks to manage ATMs.
• Container Corporation reports a 15% jump in domestic volume and a 3.3% growth in EXIM for Q1.
• Izmo's US-based subsidiary, izmo Inc., announces a strategic acquisition of Geronimo Web, a provider of digital marketing programs for automotive OEMs and dealerships.
• Infibeam Avenues to acquire the remaining 26% stake in Infibeam Digital.
• Production at Polyplex Corporation's Uttarakhand manufacturing plant is suspended due to rains.
• HG Infra signs an MoU with Ultra Vibrant Solar Energy to acquire shares in project companies.
• Alembic Pharmaceuticals receives final approval from the USFDA for its Abbreviated New Drug Application (ANDA) for Bromfenac Ophthalmic Solution, 0.07%.
• RPP Infra Projects wins new orders worth Rs 310.93 crore.
• Tata Motors revises starting prices of SUV Harrier and Safari and offers benefits up to Rs 140,000 on SUV variants.
• Bharat Road arm Orissa Steel receives an inspection letter from MCA.
• Diamond Power Infrastructure bags an order from Adani Energy.
• MGL hikes CNG price by Rs 1.50/kg and PNG by Re 1/SCM.

Date: 8 July 2024 Stock Market Highlights

The stock market today closed flat, retreating from last week's record highs. Attention now shifts to the upcoming June quarter earnings reports. The IT sector is set to commence its Q1FY25 earnings season starting July 11, with Tata Consultancy Services (TCS), the country’s largest software exporter, leading the way.

• Sensex was down by 36.22 points or 0.05%, closing at 79,960.38.
• Nifty concluded the day flat at 24,320.55, decreasing by 3.30 points or 0.01%.
• Bank Nifty ended the day with a fall of 234.55 points or 0.45% at 52,425.80.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

FII & DII Activity

Roundup of Stock Market Today

Sector Update

• Nifty FMCG emerged as the top gainer, rising 1.6%.
• Nifty Oil & Gas gained 0.8%.
• Nifty PSU Bank was the biggest loser, falling 1.6%.
• Nifty Consumer Durables dropped 1.3%.
• Nifty Metal declined by 1%.
• Nifty Auto, Nifty Realty, and Nifty Bank each fell by 0.5%.

Market Update

• Punjab National Bank approves One Time Settlement proposal with PJ Jeweller.
• Man Industries bags an order worth Rs 1,850 crore.
• NLC India emerges as a successful bidder for a coal mine in Angul, Odisha.
• Nestle declares an interim dividend of Rs 2.75 per equity share.
• Coforge further acquires 4,618,199 equity shares of Cigniti.
• Federal Bank enters a strategic bancassurance partnership with Bajaj Allianz Life Insurance.
• Power Grid Corporation of India to consider enhancing its borrowing limits.
• L&T secures an order in the range of Rs 10,000-15,000 crore for solar plants in the Middle East.
• Marine Electrica receives a Rs 50 crore order from DC Development.
• Tribhovandas Bhimji Zaveri opens a new store in Rajasthan.
• HPL Electric signs an MoU with Guangxi Ramway Technology.
• JM Financial to acquire a 42.99% stake in JM Financial Credit Solutions.
• KPI Green Energy signs a PPA with Gujarat Urja Vikas Nigam.
• GRM Overseas partners with DIPLOMAT GEORGIA.
• GE Power India receives a purchase order of Rs 18.71 million from NTPC.
• Godrej Industries to acquire the Ethoxylation unit of Shree Vallabh Chemicals.
• Diamond Power Infrastructure receives a letter of intent from Adani Green Energy Limited worth Rs 409 crore (inclusive of GST) for the supply of various LV/MV cables.

Date: 5 July 2024 Stock Market Highlights

The stock market today ended flat in a volatile session on July 5. Investors remained cautious ahead of Friday's US jobs data, which is expected to show moderate hiring amid signs of a cooling economy, indicated by weaker ISM Manufacturing PMI and ISM Service Sector PMI reports.

• Sensex was down by 53.07 points or 0.07%, closing at 79,996.60.
• Nifty concluded the day at 24,323.85, increasing by 21.70 points or 0.09%.
• Bank Nifty ended the day with a fall of 443.35 points or 0.83% at 52,660.35.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

FII & DII Activity

Roundup of Stock Market Today

Sector Update

• Nifty Oil & Gas led sectoral gainers on the Nifty with a 1.9% rise.
• Nifty Pharma and PSU Bank both increased by 1.3%.
• Nifty FMCG showed strength with a 1% gain.
• Nifty Consumer Durables also declined, down by 0.2%.

Market Update

• Ahluwalia Contracts secures a Rs 572 crore order from the Airports Authority of India.
• TPG Growth II SF Pte sells its entire stake in Flexituff Ventures International.
• Raymond announces the vertical demerger of its real estate business.
• United Spirits signed a lease agreement with Transways Exim.
• Punjab National Bank reports an 8.5% growth in global deposits for Q1.
• Zaggle Prepaid Ocean Services enters into an agreement with Hero Motocorp.
• Advait Infratech secures a new work order worth Rs 158 crore.
• Ujjivan Small Finance Bank reports flat Q1 disbursements at Rs 5,305 crore.
• Canarys Automations awarded a contract by Jalkal Vibhag, Nagar Nigam Gorakhpur, UP, to design, supply, install, commission, and maintain an Urban Flood Early Warning System.
• Coffee Day defaults on a payment of Rs 434 crore as of June 2024.
• Thermax concludes a Rs 513 crore order for the supply of 2X 550 TPH boilers.
• RVNL signs an MoU with Delhi Metro Rail Corporation.
• Master Components receives a purchase order from a US-based company.
• Ircon International receives an LOA from Rail Vikas Nigam.
• Bhabha Atomic Research Centre awards a tender to Krsnaa Diagnostics.
• CG Power enters into a development agreement with Skybound Realty.
• BGR Energy plans to issue equity shares worth up to Rs 1,000 crore via a rights issue to eligible equity shareholders.
• Bajaj Auto launches the world’s first CNG motorcycle at its Pune facility.
• Kody Technolab secures an export order worth Rs 70.67 crore.
• Quick Heal partners with NewJaisa Technologies, a leading direct-to-consumer (D2C) brand in the refurbished electronics market.
• Bansal Wire IPO and Emcure Pharma IPO subscribed 62.76 times and 67.84 times, respectively, on the final day of the bidding.

Date: 4 July 2024 Stock Market Highlights

India's Sensex hit a historic high by closing above 80,000 on July 4, with the Nifty 50 also surpassing 24,300. Despite opening strong, the stock market today gave back most of their gains during the day, ending just slightly higher.

• Sensex was up by 62.87 points or 0.08%, closing at 80,049.67.
• Nifty concluded the day at 24,302.15, increasing by 15.65 points or 0.06%.
• Bank Nifty ended the day with a surge of 14.45 points or 0.03% at 53,103.70.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

Roundup of Stock Market Today

Sector Update

• Nifty Pharma led with a gain of 1.4%
• Nifty IT and Nifty Auto rose 0.9% each.
• Nifty Media declined by 0.5%
• Nifty Financial Services and Nifty FMCG dropped by 0.2% each

Market Update

• GE T&D India bags a EUR 90 million order from Grid Solutions SAS, France, to supply and supervise high voltage products.
• KFin Technologies divests a 20.95% stake in Fintech Products.
• Bajaj Finance's AUM jumps 31% in Q1FY25. The deposits book at Rs 62,750 crore increased by 26% compared to Q1FY24.
• Brigade Enterprises signs a Joint Development Agreement for a residential project.
• Inox Wind completes a Rs 900-crore capital infusion to go debt-free.
• ITD Cementation promoter, Italian Thai Development, is looking to divest its stake.
• NCLT approves the Scheme of Amalgamation among Tata Steel and Angul Energy.
• NBCC bags an order worth Rs 36 crore from the National Institute of Technology, Patna.
• APMI is working with Sebi and NISM to rework the 21 A (PMS distribution exam) curriculum.
• Gujarat Pipavav container trains dropped to 480 in Q1FY25 from 543 in Q4FY24.
• VA Tech Wabag wins an arbitration award against the Kerala Water Authority.
• Dalmia Bharat's arm commences commercial production at the Andhra unit.
• Alembic Pharma gets USFDA tentative approval for Ivosidenib tablets.
• GRM Overseas bags a Rs 600 million rice order from Yemen-based Al-Naqeeb Group.
• NSE implements a 90% cap on SME IPO issue price during the pre-open session.
• Star Health Insurance announces its home health care services across 50 cities and towns.
• Zydus Lifesciences receives tentative approval from the USFDA for Azilsartan Medoxomil Tablets.
• Swiggy launches a UPI service via a plugin to reduce dependence on payment apps.
• Bansal Wire IPO and Emcure Pharma IPO subscribed 6.03 times and 4.98 times, respectively, on the second day of the bidding.

Date: 3 July 2024 Stock Market Highlights

Bulls made a strong comeback on the stock market today, pushing both benchmarks to significant milestones, with buying seen across all sectors except media.

• Sensex was up by 545.35 points or 0.69%, closing at 79,986.80.
• Nifty concluded the day at 24,286.50, increasing by 162.65 points or 0.67%.
• Bank Nifty ended the day with a surge of 921.15 points or 1.77% at 53,089.25.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

Roundup of Stock Market Today

Sector Update

• Media: The only sectoral index to end in the red.
• Power, Capital Goods, Bank, and Metal: Up 1-2%.
• BSE Midcap and Smallcap Indices: Rose nearly 1% each.

Market Update

• Dynacons Systems bags a contract worth Rs 119 crore.
• Zomato withdraws its NBFC licence application.
• Rail Vikas Nigam emerges as the lowest bidder for a Central Railway contract.
• KEC International secures new orders worth Rs 1,017 crore in T&D and renewables businesses.
• HDFC Mutual Fund sells a 1.34% stake in Oriental Carbon.
• JSW Infra arm signs a concession agreement with V.O. Chidambaranar Port Authority.
• Paytm introduces affordable healthcare and income protection for merchants with the Health Saathi Plan.
• SGST department conducted search operations at Nilkamal's Mumbai premises on July 2.
• Piramal Enterprises receives a “no comments letter” from IFSC.
• Quick Heal partners with NewJaisa Technologies for its flagship product, Total Security.
• Alembic Pharma gets 11 USFDA product approvals during the quarter ended June 30, 2024.
• ABB's innovative PixelPaint technology has been selected by Mahindra & Mahindra Ltd (M&M) for its new electric vehicle paint facility.
• Aditya Birla Capital receives no objection letters from the exchanges for the merger of Aditya Birla Finance with itself.
• US FDA issues a warning letter to Sun Pharma's Dadra unit, highlighting multiple repeat observations.
• Pearson enhances its strategic partnership with Veranda Race Learning Solutions.
• Persistent Systems' arm Software Company International, LLC dissolves effective from June 27, 2024.
• Bansal Wire IPO and Emcure Pharma IPO subscribed 1.87 times and 1.33 times, respectively, on the first day of the bidding.

Date: 2 July 2024 Stock Market Highlights

After experiencing substantial gains in the previous session, the stock market today traded within a narrow range throughout July 2. The Nifty crossed the 24,200 mark for the first time during this session.

• Sensex was down by 34.74 points or 0.04%, closing at 79,441.45.
• Nifty concluded the day at 24,123.85, decreasing by 18.10 points or 0.08%.
• Bank Nifty ended the day with a fall of 406.65 points or 0.77% at 52,168.10.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

Roundup of Stock Market Today

Sector Update

• Capital goods, Information Technology, realty, and oil & gas sectors saw gains of 0.3-1%.
• Bank, auto, FMCG, and power sectors witnessed a 0.3-0.9% decline.
• The broader indices also reached new highs, but the BSE midcap index dropped by 0.5%.
• The smallcap index ended the session unchanged.

Market Update

• DCX Systems has secured a contract worth Rs 1,250 crore from Larsen & Toubro to manufacture and supply electronic modules.
• Patanjali Foods plans to acquire Patanjali Ayurved's non-food business for Rs 1,100 crore.
• GST collections increased nearly 8% year-on-year to Rs 1.74 lakh crore in June.
• Société Générale has purchased a 1.53% stake in Religare Enterprises.
• GTPL Hathway is set to acquire a 49% stake in a subsidiary.
• Tata Steel UK has received confirmation of the suspension of proposed strike action from the Unite Union.
• Maruti Suzuki India produced 133,095 vehicles in June 2024.
• Ajooni Biotech has secured an order worth Rs 4.95 crore.
• Allied Blenders & Distillers debuted with a 13% premium over its IPO price.
• SEPC arm has acquired 75% of ALMOAYYED Electrical.
• Welspun Specialty Solutions has bagged a contract worth Rs 117.17 crore for the supply of seamless stainless steel boiler tubes for NTPC's Talcher 2 x 660 MW supercritical thermal power project.
• L&T has secured a Rs 35,000 crore order from Saudi Aramco.
• HCL Technologies and IBM announced a new collaboration to establish a Generative AI Center of Excellence (GenAI CoE) based on the IBM Watson AI and data platform.
• Marksans Pharma's arm Relonchem has received marketing authorization from UKMHRA.
• Sakuma Exports has received board approval for a bonus issue of 4 bonus shares for every 1 equity share held.
• Godawari Power's buyback will open on July 4 and close on July 10.
• Lupin has completed the transfer of its trade generics business to its subsidiary.
• TD Power Systems has received an order worth USD 9.28 million for gas turbine generators from a major US Original Equipment Manufacturer.
• HCLTech has launched a global delivery centre in Patna.
• CDSL has approved a bonus issue in the ratio of 1:1.
• Puravankara has acquired the owner’s shares of land in Botanico & Capella projects for Rs 251 crore in Bengaluru.
• After a tepid response to its strategic sale plan, the government may opt for a 5-7% stake sale in CONCOR.
• Bansal Wire IPO and Emcure Pharma IPO to open for subscription from tomorrow, i.e. 3rd July 2024.

Date: 1 July 2024 Stock Market Highlights

The stock market today recovered from the previous session's losses and closed higher, driven by gains in IT, auto, and FMCG stocks.

• Sensex was up by 443.46 points or 0.56%, closing at 79,476.19.
• Nifty concluded the day at 24,141.95, increasing by 131.35 points or 0.55%.
• Bank Nifty ended the day with a surge of 232.50 points or 0.44% at 52,574.75.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

Roundup of Stock Market Today

Sector Update

• All other indices ended in the green except for power, PSU Bank, and realty.
• The IT index rose nearly 2%.
• The broader indices hit a fresh record high.
• The BSE midcap index added more than 1%.
• The BSE smallcap index also added more than 1%.

Market Update

• Godrej Properties to develop an 11-acre land parcel in Hinjewadi, Pune.
• Nippon India Mutual Fund buys an additional 6.53% stake in Stanley Lifestyles.
• Foreign investor GTI Capital Alpha Pvt Ltd sold a 4.74% stake in Samhi Hotels at an average price of Rs 187.1 per share.
• Transformers and Rectifiers India bagged orders worth Rs 148.55 crore from NCC, Power Grid, Adani Energy.
• JSW Renew Energy signs a power purchase agreement with SJVN for a period of 25 years with a tariff of Rs 2.52/KWh for 700 MW ISTS-connected solar capacity.
• Zomato receives a Rs 9.45 crore GST demand notice from Karnataka.
• Zydus Lifesciences enters into a licensing agreement with Dr. Reddy’s Lab.
• Garden Reach Shipbuilders & Engineers signed a contract for the construction of an advanced ocean-going tug for the Government of the People's Republic of Bangladesh.
• UltraTech Cement commissions additional capacity at an existing unit in Andhra Pradesh.
• EaseMyTrip signs an MoU with the Uttar Pradesh EcoTourism Development Board.
• Asian Paints' Mysuru plant capacity increases to 6,00,000 KL.
• Bajaj Auto's total sales at 3.58 lakh units versus 3.41 lakh units, YoY.
• Alembic Pharma gets USFDA tentative approval for Bosutinib tablets.
• NCC bags orders worth Rs 335 crore in the month of June.
• L&T bags an order in the range of Rs 1,000-2,500 crore from ONGC.
• Vipul Organics constructs a new factory at the Ambernath plant in Maharashtra.
• RITES secures an order worth Rs 26 crore from Karnataka Mining.
• Greaves Cotton engineering arm launches CPCB IV+ compliant gensets.
• Godrej Properties acquires a 7-acre land in North Bengaluru.
• Axis Bank & Piramal Finance announced a partnership under the co-lending business.
• Rane Holdings is at a multi-year high on acquiring a JV company's remaining 51% equity stake.
• Dhunseri Tea & Industries decides to close its operations at the Jaipur Tea Packaging Factory w.e.f. 1st July 2024.
• Central Bank of India in a distributorship agreement with Mirae Asset Investment.
• Bank of Baroda gets a demand order of Rs 1,067.82 crore from the I-T Department.
• Maruti Suzuki's June total sales were 1.79 lakh units, up 6.1% YoY.
• Atul Auto's June sales were up 107.4% at 2,628 units vs. 1,267 units YoY.
• TVS Motor invests Rs 282.67 crore in TVS Credit Services.

Date: 28 June 2024 Stock Market Highlights

The stock market today extended its rally to fresh record highs on June 28, with Nifty crossing another milestone at 24,100 and Sensex at 79,600, led by Reliance Industries and other heavyweights. However, selling at higher levels erased all the day’s gains, resulting in a negative close.

• Sensex was down by 210.45 points or 0.27%, closing at 79,032.73.
• Nifty concluded the day at 24,010.60, decreasing by 33.90 points or 0.14%.
• Bank Nifty ended the day with a fall of 469.05 points or 0.89% at 52,342.25.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

Roundup of Stock Market Today

Sector Update

• Healthcare, metal, PSU Bank, oil & gas, and realty indices were up 0.5-1%
• Capital goods index shed 0.4%
• BSE midcap index added 0.5%
• BSE smallcap index added 0.5%

Market Update

• GMR Power's arm received settlement claims of Rs 850 crore as the first tranche from NHAI for a project on NH-65.
• Piramal Natural Resources sold 2.74% shares of Archean Chemical Industries.
• FIH Mauritius Investments sold a 9.72% stake in CSB Bank.
• The EU Court dismissed Lupin's final appeal against the EU commission order for a fine of 40 million euros.
• KPI Green Energy received a sanction letter for credit facilities of Rs 686 crore.
• JSW Infrastructure's arm is set to acquire a 70.37% stake in Navkar Corporation.
• The EU court upheld a fine of 13.96 million euros on Ipca Laboratories' arm.
• Krishna Institute of Medical Sciences approved a stock split.
• Airtel and Jio revised their mobile tariff rates.
• Nazara Technologies' arm is to buy the remaining 86.49% stake in Freaks 4U.
• Alembic Pharmaceuticals received USFDA final approval for Doxycycline Capsules.
• Ashok Leyland partnered with Bajaj Finance for vehicle finance.
• Reliance became the first Indian company to cross Rs 21 lakh crore in market capitalization.
• NHPC signed a PPA with GUVNL for a 200 MW capacity solar power project at Khavda.
• HDFC Life received a tax demand order worth Rs 1,495.1 crore with interest of Rs 592.4 crore for AY 21-22.
• HealthCare Global is set to acquire a stake in Vizag Hospital.
• Ambuja Cements' board approved a merger with Adani Enterprises' arm, Adani Cementation.
• Rail Vikas Nigam incorporated a subsidiary, RVNL Middle East Contracting LLC, in Dubai.
• Giriraj Civil won an order worth Rs 181 crore.
• Bharat Electronics signed a contract valued at Rs 3,172 crore with Armoured Vehicles Nigam Limited (AVNL).
• Cochin Shipyard's arm bagged an international order from Wilson ASA, Norway, for the design and construction of 4 dry cargo vessels of 6300 TDW.
• Stanley Lifestyles IPO debuted at a 34% premium on NSE, listing at Rs 494.95. The stock concluded its session at Rs 474.75.
• Vraj Iron and Steel IPO subscribed 126.36 times on the final day of the bidding.

Date: 27 June 2024 Stock Market Highlights

The stock market today rallied for the third consecutive session, with the Nifty crossing 24,000 for the first time ever, driven by gains in Information Technology and energy sectors. Despite a weak start, the market quickly erased its opening losses in the early hours and continued to climb, hitting fresh milestones as the day progressed.

• Sensex was up by 568.93 points or 0.72%, closing at 79,243.18.
• Nifty concluded the day at 24,044.50, increasing by 175.70 points or 0.74%.
• Bank Nifty ended the day with a fall of 59.20 points or 0.11% at 52,811.30.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

Roundup of Stock Market Today

Sector Update

• IT and Power indices rose by 1.7% each.
• PSU Bank index was down by 1%.
• BSE midcap index ended flat.
• Smallcap index shed 0.5%.

Market Update

• PI Industries to acquire Plant Health Care Plc for £32.8 million.
• ICICI Prudential MF and the Monetary Authority of Singapore buy a 1.7% stake in Affle (India).
• UltraTech board approves the acquisition of up to 7.06 crore shares (23% stake) in India Cements.
• India Cements will be excluded from the F&O segment after the end of the August series.
• Infosys CEO settles charges of violating insider trading provisions with SEBI.
• Bharti Airtel completes share swap transaction with Dialog.
• Reliance Jio acquires 14.4 MHz spectrum in the 1,800 MHz frequency band for Rs 973.62 crore.
• Vodafone Idea acquires 30 MHz spectrum in 900 MHz, 1800 MHz, and 2500 MHz frequency bands for Rs 3,510 crore.
• Rail Vikas Nigam JV bags an order from Southern Railway for a project worth Rs 156.47 crore.
• SJVN signs MoU with AM Green Ammonia for green ammonia plants.
• USFDA classifies the injectable facility of Eugia SEZ at Mahaboobnagar, Telangana as VAI.
• JSW Energy signs Power Purchase Agreements for wind and solar projects.
• Ramky Infrastructure receives Notification of Awards from PowerGrid Energy.
• Rail Vikas receives LOA for a Rs 72.73 crore order from Central Railway.
• Wanbury gets a term loan of Rs 60 crore from Tata Capital.
• Supreme Industries receives LoA from Indian Oil Corporation.
• KEC International bags new orders worth Rs 1,025 crore in transmission, distribution, and cables businesses.
• Dr Reddy’s Laboratories arm signs agreement with Haleon plc to acquire Nicotinell and related brands.
• German company Bosch eyes a bid for US appliance maker Whirlpool.
• Allied Blenders and Distillers IPO subscribed 24.80 times on the final day of the bidding.
• Vraj Iron and Steel IPO subscribed 18.07 times on Day 2 of the bidding.

Date: 26 June 2024 Stock Market Highlights

The stock market today sustained its streak of setting new records for the second consecutive trading day on June 26, as the Nifty index surged past the unprecedented level of 23,850, driven by the strong performance of banking institutions and major market players.

• Sensex was up by 620.73 points or 0.80%, closing at 78,674.25.
• Nifty concluded the day at 23,868.80, increasing by 147.50 points or 0.62%.
• Bank Nifty ended the day with a surge of 264.50 points or 0.50% at 52,870.50.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

Roundup of Stock Market Today

Sector Update

• Bank, oil & gas, telecom, media, and FMCG sectors were up 0.3-2%.
• Auto, metal, and realty sectors fell 0.7-1.5%.
• The BSE midcap index was down 0.30%.
• The smallcap index ended on a flat note.

Market Update

• Ambuja Cements and Ravi Sanghi to offload 3.52% stake in Sanghi Industries via OFS. Floor price set at Rs 90 per share.
• Samvardhana proposes to provide a corporate guarantee for its arm’s issuance of USD-denominated notes.
• Tata Steel buys a 14.28% stake in the Indian Foundation for Quality Management (IFQM).
• Meghna Infracon acquires a residential project in Goregaon.
• UltraTech Cement revises its plan to buy a 25% stake in Ras Al Khaimah.
• PVV Infra to consider stock split and bonus on July 8, 2024.
• Waaree Renewable gets LOA for a 1.09 MWP solar power project.
• GSK Pharma receives a GST demand notice worth Rs 71.65 crore.
• NCLT allows Zee to withdraw the implementation application for the composite scheme of arrangement with Sony.
• Adani Total Gas gets approval from the Petroleum and Natural Gas Regulatory Board to set up a gas distribution network in Jalandhar.
• Bajaj Auto commences commercial production at its Brazil plant.
• Vijaya Diagnostic Centre approves merger with Medinova Diagnostic Services.
• Hindustan Aeronautics board approves a final dividend of Rs 13 per share for FY24.
• JK Cement commences commercial production at a new unit in Prayagraj, Uttar Pradesh.
• ITD Cementation India secures a new marine contract worth Rs 1,082 crore.
• Orbit Exports to develop a 2MW Solar Captive Generating Plant.
• Bharti Airtel acquires 97 MHz spectrum through auction for Rs 6,857 crore.
• DEE Development Engineers debuted on NSE at Rs 339 per share against the IPO issue price of Rs 203. The stock ended the day at Rs 335 after hitting a high of Rs 365.
• Akme Fintrade (India) made a muted debut after listing at Rs 127, a premium of nearly 6% over the issue price of Rs 120 on NSE. The stock concluded the session at Rs 133.
• Allied Blenders and Distillers IPO subscribed 1.60 times on the second day of the bidding.
• Vraj Iron and Steel IPO subscribed 3.67 times on Day 1 of the bidding.

Date: 25 June 2024 Stock Market Highlights

The stock market today ended at new all-time highs on June 25, driven by the increase in banking and IT shares. This market rally occurred following the release of RBI data indicating a current account surplus of $5.7 billion, equivalent to 0.6% of the GDP, in the fourth quarter of the fiscal year 2023-24.

• Sensex was up by 712.44 points or 0.92%, closing at 78,053.52.
• Nifty concluded the day at 23,721.30, increasing by 183.45 points or 0.78%.
• Bank Nifty ended the day with a surge of 902.05 points or 1.74% at 52,606.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

Roundup of Stock Market Today

Sector Update

• Nifty IT increased by 0.8%.
• Nifty Realty declined by 1.8%.
• Nifty Metal fell by 0.7%.
• Nifty Media decreased by 0.5%.

Market Update

• Kalpataru Projects was awarded new orders worth Rs 2,333 crore.
• Remedium Lifecare won a Rs 175 crore order from a UK firm.
• Amara Raja signed a licensing agreement with GIB EnergyX for Li-ion cell technology.
• Schaeffler announced the launch of a green transmission innovation.
• TVS Supply Chain Solutions is in talks with a large EV player for a contract.
• Intellect Design Arena won a large multimillion-dollar deal with Vancity, Canada's largest community credit union.
• Hitachi Energy received a Rs 790 crore order from Hitachi Energy Australia.
• Cipla's FDA inspection occurred at their Patalganga, Maharashtra manufacturing unit.
• Milkfood approved splitting each share into two.
• Alkem Lab reported that the FDA issued an establishment inspection report for their Baddi facility.
• Jubilant Pharmova prepaid a $75 million loan, reducing their net debt to Rs 2460 crore.
• Muthoot Microfin obtained a corporate agent license from IRDAI.
• Tech Mahindra's board approved the merger of their subsidiary Healthnxt Inc with the parent company Tech Mahindra (Americas).
• Tata Motors partnered with Bajaj Finance for commercial vehicle finance.
• The US FDA issued Form 483 with zero observations for Shilpa Medicare's Bio Analytical Lab in Hyderabad.
• DEE Development Engineers and Akme Fintrade India will be listed on NSE and BSE tomorrow.
• Vraj Iron and Steel IPO to open for subscription from tomorrow, i.e. 26th June 2024.
• Allied Blenders and Distillers IPO subscribed 0.52 times on the first day of the bidding.
• Stanley Lifestyles IPO subscribed 95.95 times on the final of the bidding.

Date: 24 June 2024 Stock Market Highlights

The stock market today closed higher in a session marked by volatility, with the Nifty maintaining levels above 23,500, supported by sectors like auto, capital goods, power, and FMCG

• Sensex was up by 131.18 points or 0.17%, closing at 77,341.08.
• Nifty concluded the day at 23,537.85, increasing by 36.75 points or 0.16%.
• Bank Nifty ended the day with a surge of 42.50 points or 0.08% at 51,703.95.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

Roundup of Stock Market Today

Sector Update

• Capital goods, auto, FMCG, telecom, and power indices rose by 0.5-1%.
• Metal, oil & gas, PSU Bank, and media indices fell by 0.5-1%.
• The BSE midcap index increased by 0.3%.
• The BSE smallcap index also increased by 0.3%.

Market Update

• Lupin received an EIR from the USFDA for its Somerset manufacturing facility.
• Genesys launched India's first AI navigation map for the auto and mobility industries.
• JSW Energy received a LoA for a 300 MW ISTS-connected wind-solar hybrid power project from the Solar Energy Corporation Of India.
• Paytm partnered with global travel aggregators such as Skyscanner, Google Flights, and Wego.
• Welspun Specialty emerged as the lowest bidder for a project worth Rs 117 crore.
• Sprayking will consider a bonus issue on July 1.
• Infibeam Avenues collaborated with EDII to foster AI adoption among enterprises, start-ups, and MSMEs.
• Hero MotoCorp will hike the prices of select motorcycles and scooters effective July 1, 2024.
• NBCC secured an order worth Rs 100 crore from REC.
• Sanghvi Movers won two orders worth a total of Rs 180 crore.
• Cummins' board recommended a final dividend of Rs 20 for FY24.
• RPP Infra Projects won new orders worth Rs 152.11 crore.
• Route Mobile partnered with Billeasy E Solutions to enable WhatsApp-based ticket booking for Pune, Hyderabad, Nagpur metros, and Delhi.
• Hilton Metal Forgings launched a wagon axle for railway wagons.
• Alembic Pharma set July 15 as the record date for determining the dividend for FY24.
• Bharti Airtel is in talks with Vodafone Plc to buy a 3% stake in Indus Towers.
• Birla Estates acquired a 16.5-acre land parcel in Manjri.
• TVS Motors signed an agreement with CSC Grameen eStores.
• Pfizer received a penalty order of Rs 14.19 lakh for FY 2017-18.
• Sky Gold will buy a 100% stake in Starmangalsutra and Sparkling Chains.
• Swan Energy will acquire 26.21 crore shares of TOPL.
• Cipla received six observations from the USFDA for its Goa facility.
• Allied Blenders and Distillers IPO to open for subscription from tomorrow, i.e. 25th June 2024.
• Stanley Lifestyles IPO subscribed 5.29 times on Day 2 of the bidding.

Date: 21 June 2024 Stock Market Highlights

The stock market today concluded on a downward trend on June 21 as investors engaged in profit booking following six consecutive days of gains, aligning with the lackluster performance of international equities.

• Sensex was down by 269.03 points or 0.35%, closing at 77,209.90.
• Nifty concluded the day at 23,501.10, decreasing by 65.90 points or 0.28%.
• Bank Nifty ended the day with a fall of 121.80 points or 0.24% at 51,661.45.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

Roundup of Stock Market Today

Sector Update

• Nifty FMCG was the biggest loser, down 1.3%.
• Nifty Oil & Gas and Nifty PSU Bank both declined by 1%.
• Nifty Auto and Nifty Realty indices each fell by 0.7%.
• Nifty IT and consumer durables were the top gainers, each rising more than 0.7%.
• BSE midcap index decreased by 0.2%.
• Smallcap index increased by 0.2%.

Market Update

• Cipla signed a non-exclusive patent license agreement with Takeda for an acid-related drug for the Indian market.
• V-Marc India secured an order worth Rs 13.72 crore.
• TCS partnered with Xerox to transform its IT technology using cloud and generative AI.
• Sun Pharma signed a non-exclusive patent licensing agreement with Takeda for Vonoprazan in India.
• Power Grid accorded in-principle approval for the formation of a JV with Rajasthan Rajya Vidyut Prasaran Nigam Limited (RVPNL).
• Kirloskar Pneumatic decided to acquire a majority stake in Systems & Components India.
• GE Power received a Letter of Intent worth Rs 243 crore from NTPC GE Power Services.
• Bharti Airtel received a penalty notice from the Department of Telecommunications, Gujarat LSA (DoT) for Rs 1,77,000 for alleged subscriber verification violations.
• Time Technoplast obtained final approval from PESO for manufacturing composite cylinders.
• AstraZeneca Pharma announced plans to explore a buyer for its manufacturing site and exit in due course.
• Rail Vikas Nigam emerged as the lowest bidder from SER HQ-Electrical/South Eastern Railway for the design, supply, erection, testing, and commissioning of a 132 KV Traction Substation.
• DEE Piping Systems IPO and Aasaan Loans IPO subscribed 101.29 times and 52.74 times respectively on the final day of the bidding.
• Stanley Lifestyles IPO subscribed 1.15 times on Day 1 of the bidding.

Date: 20 June 2024 Stock Market Highlights

The stock market today concluded on a favourable trajectory amidst fluctuations, as the Nifty index wrapped up the day above the 23,550 mark.

• Sensex was up by 141.34 points or 0.18%, closing at 77,478.93.
• Nifty concluded the day at 23,567, increasing by 51 points or 0.22%.
• Bank Nifty ended the day with a surge of 385.20 points or 0.75% at 51,783.25.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

Roundup of Stock Market Today

Sector Update

• Selling was observed in auto, pharma, and PSU bank stocks.
• Meanwhile, buying was noted in the metal, capital goods, realty, and oil & gas sectors.
• BSE midcap index increased by 0.5%, while the smallcap index gained 1%.

Market Update

• Sun Pharmaceutical Industries received a warning letter from the United States Food and Drug Administration (USFDA) for its Dadra facility.
• Production halted at two KEI Industries plants due to a workers' strike.
• Action Construction Equipment is in discussions with a Japanese firm to form a joint venture.
• Brigade Enterprises plans to develop the third World Trade Center (WTC) at Infopark Kochi.
• Godrej Group's business restructuring received approval from the Competition Commission of India (CCI).
• Sapphire Foods' board approved a stock split from 1 equity share with a face value of Rs 10 each fully paid up, into 5 equity shares with a face value of Rs 2 each fully paid up.
• Gokaldas Exports will invest up to Rs 350 crore in BRFL Textiles.
• Adani Wilmar received a penalty order of Rs 4.77 lakh from the Office of the Additional Commissioner (Appeals), West Bengal.
• Tata Communications secured a five-year USD 250 million loan.
• Ajooni Biotech formed a partnership with Avalon Energy Group.
• DJ Mediaprint approved issuing bonus shares in the ratio of 2:1.
• Goa Carbon introduced "gcarb+" to revolutionize the recarb business.
• Bondada Engineering received work orders from Goldi Solar.
• Rockingdeals Circular signed an MoU with Oriana Power.
• RailTel Corporation secured an order from South Central Railway for telecommunication works amounting to approximately Rs 20 crore.
• JSW MG Motor India partnered with Ecofy for EV financing.
• Waaree Energies secured an order to supply 280 MW solar modules to Mahindra Susten.
• Lemon Tree signed a license agreement for a hotel in Morbi, Gujarat, expected to open in FY29.
• Jupiter Wagons secured a contract from Siemens to supply 36 auxiliary batteries for 9 Vande Bharat trains.
• Jindal Stainless supplied stainless steel to produce 100 'Made in India' freight wagons for Mozambique.
• DEE Piping Systems IPO and Aasaan Loans IPO subscribed 9.35 times and 11.64 times respectively on the second day of the bidding.

Date: 19 June 2024 Stock Market Highlights

The stock market today concluded on a varied tone in the extremely volatile session on June 19, following a new all-time high reached during the day.

• Sensex was up by 36.45 points or 0.05%, closing at 77,3337.59.
• Nifty concluded the day at 23,516, decreasing by 41.90 points or 0.18%.
• Bank Nifty ended the day with a surge of 957.15 points or 1.90% at 51,398.05

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

Roundup of Stock Market Today

Sector Update

• The IT sector was up 0.4%.
• All other indices ended in the red, with the auto, capital goods, metal, oil & gas, power, and realty sectors down 1-3%.
• The BSE Midcap index fell 1%, and the Smallcap index shed 0.6%.

Market Update

• JLR and Chery signed an LoI to license the Freelander brand to CJLR for creating EVs in China.
• Zurich Insurance acquired a majority stake in Kotak General; Kotak General is no longer a wholly-owned subsidiary of Kotak Mahindra Bank.
• Kavveri Telecom Products received a purchase order of Rs 109 million for Radio Frequency products and Antennas.
• Garment Mantra Lifestyle will consider issuing bonus shares on July 8.
• Sprayking secured an order worth Rs 15 million for 25 tonnes of brass rods from a new domestic client.
• Venus Remedies won an oncology tender to supply essential cancer drugs.
• Hubject entered into a strategic partnership with Exicom.
• Bharti Airtel approved the acquisition of a 2.7 crore equity stake in Indus Towers.
• Tata Technologies launched the second edition of the InnoVent Hackathon.
• Tata Motors hiked the price of CV vehicles by up to 2%, effective July 1, 2024.
• Vipul Organics started construction of the Sayakha facility in Gujarat.
• Sona BLW climbed after receiving certification under a PLI scheme.
• EV firm Exicom inked a pact with Hubject to create a 'Plug&Charge' platform.
• Rama Paper Mills temporarily shut its Uttar Pradesh manufacturing plant due to an ongoing financial crisis.
• Hindustan Aeronautics will consider a final dividend for FY24 on June 26.
• ABB India, in partnership with Witt India, deployed smoke extraction motors.
• SEPC approved a rights issue price of Rs 13/share.
• Aditya Birla Fashion's arm bought a minority stake in Universal Sportsbiz.
• ZF Group sold 7.5% of ZF Commercial Vehicle Control Systems.
• Escorts Kubota withdrew its EOI to set up a facility in Rajasthan.
• Coal India offered 23 abandoned underground mines under a revenue-sharing model to private bidders.
• Aayush Food and Herbs approved a 10-for-1 stock split.
• Vikas Lifecare plans to acquire 100% of Ebix Inc.
• DEE Piping Systems IPO and Aasaan Loans IPO subscribed 2.63 times and 3.04 times respectively on the first day of the bidding.

Date: 18 June 2024 Stock Market Highlights

The stock market today closed on a positive note, with both Nifty 50 and Sensex reaching a new all-time high for the fourth consecutive session. Market analysts anticipate that the strong global cues and a perception of policy stability will sustain the optimistic market sentiment.

• Sensex was up by 308.37 points or 0.40%, closing at 77,301.14.
• Nifty concluded the day at 23,557.90, increasing by 92.30 points or 0.39%.
• Bank Nifty ended the day with a surge of 438.90 points or 0.31% at 50,440.90

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

Roundup of Stock Market Today

Sector Update

• Nifty Realty ended up 1.88%.
• Nifty Consumer Durables ended up 1.59%.
• Nifty Private Bank ended up 1.10%.
• Nifty PSU Bank rose 0.25%.
• Nifty Media was down 0.64%.
• Nifty Pharma was down 0.35%.
• Nifty Metal was down 0.22%.

Market Update

• BLS E-Services acquired a controlling stake in Aadifidelis Solutions.
• Adani Ports won green approval for the Rs 45,000 crore Mundra expansion.
• A US court imposed a USD 194 million penalty on TCS for trade secret misappropriation.
• Wipro and GBST partnered to transform superannuation and wealth administration services.
• Alembic Pharma received USFDA final approval for Icatibant injection.
• Vishnu Prakash R Punglia received a Letter of Acceptance for a project worth Rs 90.9 crore.
• HAL received an order from the Defence Ministry for 156 Light Combat Helicopters.
• Anant Raj's subsidiary signed an MoU with Orange Business Services.
• Paytm agreed to sell its movie and events ticketing business to Zomato.
• Veranda Learning signed an MoU with Sri Krishna Arts and Science College.
• ICAR-NBSS&LUP signed an MoU with Coromandel International.
• L&T Construction won orders for its buildings & factories business.
• USFDA completed the inspection of Wanbury's Patalganga site.
• Piramal Finance surpassed Rs 50,000 crore in retail loans and aims to double by FY28.
• Thomas Cook (India) surpassed 2023 domestic travel numbers in the first 6 months of 2024.
• Surana Solar secured an order worth Rs 4.25 crore from Flic Microwaves.
• Jubilant Foodworks fixed July 12, 2024, as the record date for dividend payment for FY24.
• Radico Khaitan planned to introduce Rampur Asava Indian Single Malt Whisky to India, priced at Rs 10,000.
• Jubilant Pharmova's manufacturing facility in Montreal, Canada received 15 observations from the US FDA.
• Cipla’s UK arm decided to invest an additional €3 million in Ethris GmbH.
• DEE Piping Systems IPO and Aasaan Loans IPO will open for subscription from tomorrow.

Date: 14 June 2024 Stock Market Highlights

The stock market today, surged to a new all-time high, with the Benchmark Sensex finishing higher for the third consecutive session and Nifty closing in the green for the fourth straight day.

• Sensex was up by 181.87 points or 0.24%, closing at 76,992.77.
• Nifty concluded the day at 23,465.60, increasing by 66.70 points or 0.29%.
• Bank Nifty ended the day with a surge of 155.30 points or 0.31% at 50,002.

Monday, 17th June 2024, will be a trading holiday on account of Bakri Id across all market segments. Commodities evening session will remain open for trading from 5 PM.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

Roundup of Stock Market Today

Sector Update

• BSE Capital Goods was the top gainer, up 1.7%.
• BSE Telecommunication, Consumer Durables, and Consumer Discretionary indices were each up 1.3%.
• BSE IT Index fell 0.7%.
• Nifty Auto outperformed sectoral indices, rising 1.3%, led by M&M, Bharat Forge, and Tata Motors.
• Nifty IT was the worst hit among the 13 sectoral indices, falling nearly 1%.

Market Update

• Havells announced the expansion of its air conditioner manufacturing capacities.
• Suven Pharma acquired a 100% stake in Sapala Organics.
• Techknowgreen Solutions bagged an order from the Maharashtra Pollution Control Board worth Rs 2 crore.
• Wipro, in collaboration with Hewlett Packard Enterprise, launched a GenAI solution at the Wipro Cloud Studio’s Kodathi office to serve customers globally.
• Lemon Tree Hotels launched its ninth property in Rajasthan.
• Zaggle Prepaid signed an agreement with Skydo Tech to facilitate cross-border payments for Zaggle corporate customers.
• USFDA issued Form 483 with zero observations for Lupin's injectable unit in Nagpur.
• Tata Elxsi collaborated with Red Hat to accelerate network monetization for telcos.
• LIC increased its stake in Dr. Reddy’s Laboratories from 4.95% to 5.01%.
• Jindal Stainless acquired the remaining 46% stake in Chromeni Steels for Rs 278 crore.
• Dabur India received a penalty order of Rs 1,29,600 from the Assistant Commissioner of Revenue, West Bengal.
• May WPI inflation rose to 2.61% from 1.26% MoM.
• Bajaj Housing Finance filed DRHP with SEBI for IPO.
• Marine Electricals bagged an Rs 8.02 crore order from Udupi Cochin Shipyard and Schneider Electric India.
• Zydus received tentative approval from USFDA for Azilsartan Medoxomil and Chlorthalidone Tablets.
• RailTel Corporation bagged a work order from Tamil Nadu Fibrenet Corporation worth Rs 24 crore.
• NALCO executed a mining lease deed with the Odisha government.
• RITES signed an MoU with Delhi Metro Rail Corporation.
• Titagarh Rail commenced trainset production for Bengaluru Metro's yellow line.
• Minda Corporation signed a JV with HSIN Chong Machinery Works.

Date: 13 June 2024 Stock Market Highlights

The stock market today, saw modest gains, buoyed by CPI data suggesting a gradual decline in inflation. On June 13, the Sensex and Nifty retreated from their record highs but ended the day in positive territory. Nifty 50 reached an intraday high of 23,481, while Sensex climbed to a record 77,145.

• Sensex was up by 204.33 points or 0.27%, closing at 76,810.90.
• Nifty concluded the day at 23,398.90, increasing by 75.95 points or 0.33%.
• Bank Nifty ended the day with a loss of 48.40 points or 0.10% at 49,846.70.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

FII & DII Activity

Roundup of Stock Market Today

Sector Update

• Nifty Realty and Nifty IT showed the highest performance among sectoral indices, with increases of 2% and 1%, respectively.
• On the other hand, Nifty Media and Nifty FMCG saw decreases of 1% and 0.6%, positioning them as the underperformers.

Market Update

• NCLT approves the merger of GMR Airports and GMR Infra into GMR Airports Infrastructure.
• 360 ONE enters into a definitive agreement to acquire ET MONEY, a digital wealth management platform.
• Nestle India will pay a royalty license fee to its Swiss parent at the current rate of 4.5%.
• Sobha Limited announces a Rs 2,000-crore rights issue at Rs 1,651 per share.
• Samsung launches flight, bus, movie, and event ticket bookings on Samsung Wallet in partnership with Paytm.
• Whirlpool enters into a joint marketing agreement with HUL.
• Green Motion International selects RateGain as its preferred revenue management partner for its franchise network across 650 locations in 73 countries.
• Saksoft to acquire 100% equity interest in Augmento Labs.
• Amber Enterprises acquires an additional 4.6% equity in IL JIN Electronics.
• Venus Remedies secures a tender for its antibiotic product Ceftriaxone 1gm from UNICEF.
• Gensol Engineering is the successful bidder for a 250 MW energy storage project.
• Dr. Reddy's subsidiary signs a license agreement with a US-based company.
• AGS Transact Technologies' subsidiary Securevalue India sets up a new cash vault facility in Bengaluru, Karnataka.
• GPT Infraprojects bags an order worth Rs 26 crore.
• Kotak Mahindra Life Insurance Company announces a corporate agency partnership with Mahindra & Mahindra Financial Services.
• BLS International's subsidiary, BLS International FZE, will acquire 99% equity shares of Balozi Liaison Services.
• L&T bags an order in the range of Rs 2,500-5,000 crore from ONGC.
• AurionPro's arm receives RBI approval to operate as an online payment aggregator.
• Integra Essentia bags fresh orders worth Rs 2,100 crore for its agro and infrastructure business segments.
• RedTape starts operational activities from its newly constructed warehouse in Howrah, West Bengal.
• Bank of Maharashtra hikes lending rates by 10 bps across tenures.
• Bartronics India renews its contract on the financial inclusion project with Aryavart Bank for an additional year.

Date: 12 June 2024 Stock Market Highlights

In the stock market today, Nifty 50 closed higher after reaching a new peak of 23,441 in intraday trading. The Sensex approached its record high of 77,079 by coming within 30 points.

• Sensex was up by 149.98 points or 0.20%, closing at 76,606.57.
• Nifty concluded the day at 23,322.95, increasing by 58.10 points.
• Bank Nifty ended the day with a surge of 189.35 points or 0.38% at 49,895.10.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

Roundup of Stock Market Today

Sector Update

• Nifty Media sector showed a 2% increase in performance.
• Nifty PSU Bank sector saw a 1% rise.
• Nifty FMCG sector experienced a slight decline of 0.4%.

Market Update

• Olympus and HCLTech expand their Engineering and R&D partnership.
• Wipro launches Lab45 AI Platform aimed at increasing efficiency and transforming business functions.
• TVS Supply Chain signs a 5-year contract with Daimler Truck SEA.
• TCS opens a new IoT Engineering Lab in Ohio to accelerate innovation for clients.
• The board of JV NHPTL at NHPC approves the transfer of 1.31 crore NHPC shares to Power Grid.
• LTI Mindtree inaugurates its regional headquarters in Riyadh, Saudi Arabia.
• Glenmark receives ANDA approval for Esomeprazole Magnesium Delayed-Release Capsules USP, 20 mg (OTC).
• BL Kashyap secures two orders worth Rs 1,021 crore from Sattva Homes & DLF City.
• Tube Investments enters into a definitive agreement with GEF.
• ICRA receives an outstanding tax demand order of Rs 51.92 crore.
• RITES and Andal Diesel Shed sign an MoU for Loco maintenance.
• Paradeep Phosphates launches Jai Kisaan Navratna Nano Shakti Nano Urea/Nano DAP and Jai Kisaan Navratna TSP 46% P.
• Honasa Consumer partners with Reliance Retail to make Mamaearth products available at Reliance Retail stores.
• Bhandari Hosiery Exports sets June 19 as the record date for the rights issue.
• Tata Communications signs a broadcasting services deal with World Athletics.
• Brigade Group plans to invest Rs 8,000 crore in Chennai and aims to launch 15 million sqft by 2030.
• Go Digit General Insurance reports a Q4 profit of Rs 53 crore, up from Rs 26 crore in Q4FY23.
• Ircon International and HCC settle their dispute under a scheme notified by the Ministry of Finance.
• PT TVS Motor Company showcases the TVS iQube electric scooter at the Jakarta fair in Indonesia.
• LTIMindtree, in collaboration with SNP, launches MELD.
• GTL Infrastructure receives a letter from the Serious Fraud Investigation Office for an investigation into the company's affairs.
• Ixigo IPO subscribed 98.11 times on the final day of the bidding.

Date: 11 June 2024 Stock Market Highlights

The stock market today traded mostly flat-to-positive, with the NSE Nifty 50 coming close to its all-time high from the previous session. However, towards the end of the trading session, both benchmark indices gave up their gains and ended flat.

• Sensex fell by 33.49 points, closing at 76,456.59.
• Nifty concluded the day flat at 23,264.85, increasing by 5.65 points.
• Bank Nifty ended the day with a loss of 75.15 points or 0.15% at 49,705.75.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

Roundup of Stock Market Today

Sector Update

• Among sectoral indices, Nifty Realty and Nifty Media were the biggest gainers, rising over 1% each.
• Nifty Pharma fell the most, declining 0.4%.
• Nifty Healthcare also saw a decline, falling 0.5%.

Market Update

• L&T Technology Services partners with IIT Hyderabad.
• Tata Technologies deploys SAP S/4 HANA for Mitsubishi Electric India.
• Ajooni Biotech acquires 555,000 square yards of land in Gujarat.
• EaseMyTrip Foundation and YOLO Foundation collaborate to promote animal welfare.
• Suzlon secures a 103.95 MW order from AMPIN Energy Transition.
• HDFC Bank hikes fixed deposit interest rates by up to 20 bps.
• Mphasis Javelina selects HPE GreenLake Cloud with HPE Alletra Storage.
• PTC Industries forms JV with defence PSUs.
• Butterfly Gandhimathi Appliances receives a demand notice of Rs 97,553 from West Bengal GST authorities.
• Forbes Precision, demerged from Forbes & Co, hits upper circuit on debut.
• RailTel Corporation bags a work order from the Defence Ministry.
• Gopal Snacks launches a new product, "Korean BBQ," within the wafers category under the brand name Cristos.
• Cosmic CRF bags orders worth Rs 1,286.67 lakhs and Rs 1,093.67 lakhs from two different wagon-manufacturing companies.
• Mahindra and Mahindra's total sales in May 2024 jumped to 69,011 units vs. 58,799 in May 2023.
• Persistent enters into a strategic partnership agreement with Google Cloud.
• Ducol Organics gets HUL approval for Unit 3 of the Mahad plant to supply its dispersions for detergents.
• Adani Defence & Aerospace and EDGE Group signed a cooperation agreement in defence & security.
• ONGC to start production from the KG 98/2 block soon.
• Electronics Mart starts operations at a new store in Andhra Pradesh.
• Vodafone Idea gets in-principle approval for a Rs 14,000-crore loan.
• Sudarshan Chemical launches two new products: Sumica Silver 41135 and Sumica Bright Silver Fine 41126.
• NBCC bags multiple orders worth Rs 878.2 crore.
• HG Infra Engineering incorporates a wholly-owned subsidiary, H.G. Jaipur Solar Project.
• Rail Vikas Nigam emerges as the lowest bidder from Central Railway.
• Gateway Distriparks sells land to Snowman Logistics for Rs 20 crore.
• Blinkit is to receive Rs 300 crore in fresh capital infusion from Zomato.
• Ixigo IPO subscribed 9.33 times on the second day of the bidding.

Date: 10 June 2024 Stock Market Highlights

The stock market today declined after three consecutive sessions of gains, as investors awaited details on Prime Minister Narendra Modi’s new panel of ministers and their portfolios following the swearing-in ceremony on Sunday.

• Sensex fell by 203.28 points, 0.27%, closing at 76,490.08.
• Nifty concluded the day at 23,259.20, decreasing by 30.95 points or 0.13%.
• Bank Nifty ended the day with a loss of 22.30 points or 0.04% at 49,780.90.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

FII & DII Activity

Roundup of Stock Market Today

Sector Update

• Nifty Metal was the biggest gainer, up 1.9%.
• Nifty Realty gained 1.3%.
• Nifty Pharma increased by 1%.
• Nifty Consumer Durables rose 0.7%.
• Nifty Healthcare was also up 0.7%.
• Nifty IT Index fell 1.8%.

Market Update

• JSW Energy signs a 7-year green hydrogen supply agreement with JSW Steel.
• Pavna Industries acquires a land parcel in Pantnagar.
• Suprajit to acquire the business of Stahlschmidt Cable Systems.
• RVNL wins a project worth Rs 156.47 crore from Southern Railways.
• KEC International secures new orders worth Rs 1,061 crore.
• AXISCADES Technologies starts delivery of Man Portable Counter Drone System.
• Wardwizard Innovations receives an order worth $1.29 billion from Beulah International Development Corp.
• Kronox Lab Sciences debuts at Rs 164.95 on the NSE, a 21.2% premium over the issue price of Rs 136; the stock closed at Rs 159.
• DIC India receives a GST demand order worth Rs 1.22 crore from the Commissionerate of Taxes, Government of Gujarat for FY20.
• Castrol is launching a new range of EDGE products in India.
• IRIS Clothings opens two new Exclusive Brand Outlets.
• Vakrangee partners with Tax2win to offer income tax return filing services.
• Shyam Metalics' stainless steel production falls 28% month-on-month in May, with average realizations rising 8.3%.
• Confidence Petroleum commissions 13 more auto LPG dispensing stations.
• BigBloc Construction JV starts commercial production at the Kheda plant.
• Jash Engineering's consolidated order book stands at Rs 830 crore.
• MICL Group acquires a prime redevelopment project at Bandra Kurla Complex (BKC).
• Artson Engineering bags a project worth Rs 126.15 crore for engineering and construction of an ATF Fuel Farm and Hydrant System at Guwahati International Airport.
• Amrutanjan Health Care board recommends a final dividend of Rs 2.60 per equity share for FY2023-24.
• Godfrey Phillips receives a GST demand notice with interest and a penalty of Rs 45,84,049.
• Havells partners with Jumbo Group for kitchen appliances in the UAE.
• Borosil Renewables to raise up to Rs 450 crore via a rights issue of shares.
• Ahluwalia Contracts (India) secures orders worth Rs 482.78 crore.
• Mafatlal Industries signs a Transfer of Technology (ToT) pact with DRL, DRDO, and the Ministry of Defence.
• HCL Tech launches the HCLTech Enterprise AI Foundry to simplify and scale enterprise AI journeys.
• Godawari Power will consider a buyback in a board meeting on June 15.
• Jubilant Pharmova receives 3 observations from the USFDA.
• Lupin enters into a Business Transfer Agreement with Lupin Life Sciences.
• USFDA issued Form 483 with 4 observations for the API Unit (CTO-6) of Dr Reddy's Laboratories in Srikakulam, Andhra Pradesh.
• Ixigo IPO subscribed 1.24 times on the first day of the bidding.

Date: 7 June 2024 Stock Market Highlights

The stock market today closed positively for the third consecutive session. The Sensex achieved an all-time high, while the Nifty 50 index edged closer to its record level. The RBI MPC has kept key rates unchanged for the eighth consecutive time. Additionally, it has revised its growth forecast for FY25 upwards to 7.2%.

• Sensex was up by 1618.85 points, 2.16%, closing at 76,693.36.
• Nifty concluded the day at 23,290.15, increasing by 468.75 points or 2.05%.
• Bank Nifty ended the day with a surge of 511.30 points or 1.04% at 49,803.20.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

Roundup of Stock Market Today

Sector Update

• Sectoral indices, including auto, IT, power, telecom, and metal, closed with 2-3% gains.
• The BSE midcap index increased by 1.2%.
• The smallcap index surged by 2%.

Market Update

• Sun Pharma to buy a 9.6% stake in Haystack Analytics.
• FSN E-Commerce Ventures incorporates a subsidiary in Kuwait.
• Hero MotoCorp to buy additional shares in Ather Energy.
• ECB lowers interest rates by 25 bps.
• Wipro awarded a USD 500 million deal by a leading US Communication Service Provider.
• IRB Infra's toll collections jumped 30% to Rs 535.5 crore in May 2024 from Rs 411.1 crore in May 2023.
• Bajaj Finance arm, Bajaj Housing Finance, approves IPO; fresh issue of up to Rs 4,000 crore plus OFS.
• SEBI issues an administrative warning to ICICI Bank.
• Garden Reach bags an order of Rs 500 crore to construct a Research Vessel for DRDO.
• Adani Ports bags LoI for a 5-year O&M contract at the Kolkata Port container terminal.
• Welspun Enterprises to receive Rs 23.67 crore as dispute settlement with Indian Oil Corp.
• RITES bags an order worth Rs 39.63 crore for Loco Hiring.
• G E Shipping contracts to buy a Medium Range Product Tanker.
• RBI keeps the Repo rate unchanged at 6.5% for the eighth time in a row.
• MSF & SDF rates remain unchanged at 6.75% and 6.25%, respectively.
• RBI raises FY25 Real GDP growth projection to 7.2%.
• HUDCO signs MoU with India Infrastructure Finance Company.
• Allcargo Terminals signs MoU with Kences Container Terminal.
• Vedanta receives demerger approval from the majority of creditors.
• TCS launches GenAI Aggregation Platform 'WisdomNext'.
• NCLT approves the merger of Bhubaneshwar Power into Tata Steel.
• RVNL gets an LoA worth Rs 495.14 crore from NTPC.
• Dixon Technologies enters into a term sheet with HKC Corporation.
• Pidilite Industries divests its entire shareholding in Climacrew.
• G R Infraprojects bags a project worth Rs 1,226.87 crore.
• Mastek introduces the icxPro platform with NVIDIA AI Enterprises.
• Muthoot Microfin signs a co-lending agreement with SBI.
• Ixigo IPO to open for subscription from Monday, i.e. 10th June 2024.

Date: 6 June 2024 Stock Market Highlights

The stock market today, saw a second consecutive session of gains, buoyed by news of the BJP-led NDA securing a third term. Global stocks surged in tandem, fueled by expectations of a US rate cut and ongoing advancements in artificial intelligence. Investors eagerly await the Reserve Bank of India's bi-monthly policy announcement slated for tomorrow, i.e. 7th June.

• Sensex was up by 692.27 points, 0.93%, closing at 75,074.51.
• Nifty concluded the day at 22,821.40, increasing by 201.05 points or 0.89%.
• Bank Nifty ended the day with a surge of 237.30 points or 0.48% at 49,291.90.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

Roundup of Stock Market Today

Sector Update

• BSE Realty gained the most at 4.85%.
• BSE Industrials and capital goods indices both increased by over 3.7% and 3.4%, respectively.
• Other sectors like Oil & Gas, Power, Telecommunication, and IT also saw gains, each over 2.5%.
• BSE MidCap rose by 2.3%.
• BSE SmallCap saw a jump of 3.06%.

Market Update

• Century Textiles' arm forms JV with Barmalt India for a housing project.
• NBCC secures multiple work orders worth up to Rs 491.45 crore.
• BHEL wins an order worth more than Rs 7,000 crore.
• Maruti Infra board will consider a stock split and bonus issue.
• KPI Green Energy bags 26.15 MW solar power projects.
• Uno Minda partners with Suzhou Inovance Automotive to strengthen the e-4W product portfolio.
• Nandan Denim will consider a stock split on June 17.
• Aurionpro Solutions' arm inks pact with Yoma Bank to spur SME lending.
• Shelter Pharma secures an order worth USD 120,000 from Berlin International Medical.
• Orchid Pharma receives DCGI approval for the manufacturing and marketing of its invented New Chemical Entity API, Enmetazobactam.
• Persistent launches GenAI hub to power a new era of enterprise AI adoption.
• RVNL received a Letter of Acceptance worth Rs 515 crore from Eastern Railway for the construction of the Sitarampur bypass line under the Asansol division.
• Vakrangee to acquire 2.4% equity share capital of Vortex Engineering from Ventureast Funds.
• Torrent Pharma enters into a non-exclusive patent licensing agreement with Takeda Pharma.
• Adani Power acquires 99.8% equity shares of Mirzapur Thermal Energy UP.
• Indoco Remedies gets tentative FDA nod for the generic of Invokamet.
• Century Textiles' arm forms JV with Barmalt India for a housing project.
• ITC shareholders approve the demerger of the hotel business.
• Alok Industries receives a penalty order of Rs 8.56 lakh from the Assistant Commissioner of Central GST & Central Excise.

Date: 5 June 2024 Stock Market Highlights

The stock market today surged upwards as two crucial allies affirmed their backing to establish a new government alongside the BJP. This assurance instilled confidence among investors regarding political stability and continuity.

• Sensex was up by 2,303.19 points, 3.20%, closing at 74,382.24.
• Nifty concluded the day at 22,620.35, increasing by 735.85 points or 3.36%.
• Bank Nifty ended the day with a surge of 2,126 points or 4.53% at 49,054.60.

Top Gainers of Nifty 50

52 Week High Stocks of Nifty 50

Roundup of Stock Market Today

Sector Update

• Nifty Private Bank surged more than 5%.
• Nifty Auto, Bank, and FMCG indices rose over 4% each.
• Other sectoral indices also increased, some by up to 3%.
• BSE Midcap index jumped over 4%, while the smallcap index gained 3.9%.
• The Nifty Midcap index experienced its largest single-session gain in absolute points.

Market Update

• Wipro partners with Zscaler to introduce Wipro Cyber X-Ray, an AI-assisted decision support platform.
• KEC International wins new orders worth Rs 1,002 crore.
• GPT Infraprojects bags an order worth Rs 547 crore from Rail Vikas Nigam.
• Nazara Technologies' arm to acquire Intellectual Property Rights of Soap Central.
• Tata Motors Finance will merge with Tata Capital.
• Kotak Mahindra Bank receives RBI approval to sell a stake in Kotak Mahindra General Insurance.
• Lupin completes the acquisition of two brands, AaraneTM in Germany and NalcromTM in Canada and the Netherlands, from Sanofi.
• Deep Industries receives a Letter of Award from ONGC.
• Roto Pumps starts commercial production at its Noida facility.
• Texmaco Rail to acquire a 51% shareholding in Saira Asia Interiors.
• Knowledge Marine & Engineering bags a Rs 74.95 million order from Dredging Corp.
• LTIMindtree expands its partnership with SAP to deliver innovations for complex manufacturing industries.
• RMC Switchgears bags an order worth Rs 56.68 crore.
• Shekhawati Poly-Yarn approves share consolidation in a 10:1 ratio.
• Titagarh Rail Systems inaugurates a new engineering center in Bangalore.
• Koronox Lab Sciences' IPO subscribed 117.25 times on the final day of the bidding. The retail portion was subscribed 54.23 times

Date: 4 June 2024 Stock Market Highlights

The stock market today experienced significant upheaval during the vote counting day. Market participants were unsettled as the BJP-led NDA secured a clear mandate but failed to achieve the much stronger majority anticipated in exit polls.

Nifty50 index saw its most substantial single-day decline since March 23, 2020, during the Covid lockdown crash.

• Sensex fell by 4,389.73 points, 5.74%, closing at 72,079.73.
• Nifty concluded the day at 21,884.50, decreasing by 1,379.40 points or 5.93%.
• Bank Nifty ended the day with a decline of 4,051.35 points or 7.95% at 46,928.60.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

52 Week Low Stocks of Nifty 50

Roundup of Stock Market Today

Sector Update

• Except for FMCG, all other sectoral indices ended in the red.
• Realty, Telecom, Metal, Capital Goods, Oil & Gas, Power, and PSU Bank indices were down more than 10% each.
• The BSE Midcap index shed 8%.
• The Smallcap index fell nearly 7%.

Market Update

• Biocon receives USFDA approval for the Micafungin drug.
• Kalyan Jewellers acquires the remaining 15% equity stake in Candere.
• Bajaj Housing Finance board will consider its IPO on June 6.
• ZATCA initiates a mandatory collection process against 3i Infotech.
• Dr. Reddy’s subsidiary opens a biologics facility in Hyderabad.
• Sun Pharma submits a marketing authorization application to EMA for approval from Nidlegy.
• Infosys collaborates with Japan-based Nihon Chouzai to expand healthcare access in Japan.
• Vakrangee will acquire a 48.5% stake in Vortex Engineering.
• PNB to dilute 10% in Canara HSBC Life Insurance through an Initial Public Offering.
• Koronox Lab Sciences' IPO subscribed 24.58 times on Day 2 of the bidding.

Date: 3 June 2024 Stock Market Highlights

The stock market today experienced a robust surge of over 3% fueled by optimism on Dalal Street following favorable exit poll results. These polls strongly indicated a decisive victory for the BJP-led NDA for the third consecutive term.

The momentum was further bolstered by better-than-expected GDP figures, the early onset of the monsoon season, increased GST collections, and favourable trends in global markets.

• Sensex was up by 2,507.47 points or 3.39%, closing at 76,468.78.
• Nifty concluded the day at 23,263.90, increasing by 733.20 points or 3.25%.
• Bank Nifty ended the day with a surge of 1,996 points or 4.07% at 50,979.95.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

Roundup of Stock Market Today

Sector Update

• Sectoral indices including capital goods, PSU Bank, oil & gas, power, and realty saw gains of 5-8 percent.
• The BSE midcap index increased by 3.5 percent.
• Smallcap index showed a rise of 2 percent.

Market Update

• JTL Industries has completed Phase 1 expansion of its subsidiary, Nabha Steels.
• Welspun Corp's subsidiary has signed multiple contracts worth Rs 3,670 crore.
• TVS Motor Company's total sales jumped 12% in May.
• Bajaj Auto's sales for May 2024 stood at 3,55,323 units compared to 3,55,148 units in May 2023.
• An Adani Ports subsidiary has signed a 30-year concession agreement with the Tanzania Ports Authority.
• Ashoka Buildcon has emerged as the lowest bidder for two projects worth Rs 2,153 crore from the Maharashtra State Road Development Corporation.
• Ahluwalia Contracts has received a contract worth Rs 2,157 crore from India Jewellery Park, Mumbai.
• Shriram Finance has raised USD 425 million and €40 million through a syndicated term loan transaction.
• The market cap of BSE-listed companies has hit a record high of Rs 424 lakh crore ($5.10 trillion).
• PNC Infratech's subsidiary has received Rs 390.62 crore from NHAI.
• Aaron Industries has received a new work order worth Rs 2.74 crore.
• Puravankara has issued a corporate guarantee for its wholly-owned subsidiary, Grand Hills Developments Private Limited.
• Endurance Technologies' subsidiary has acquired a 100% stake in an Italy-based company.
• BSE has acquired S&P Dow Jones Indices' entire equity stake in Asia Index (AIPL), making AIPL a wholly-owned subsidiary of BSE.
• Moschip Technologies has secured a contract worth Rs 509 crore.
• DroneAcharya has received a drone export order worth Rs 15 crore.
• Vakrangee is set to acquire an 18.5% stake in Vortex Engineering.
• Maithan Alloys' subsidiary will resume production in June.
• Rossari Biotech has incorporated a wholly-owned subsidiary in Dubai.
• PNB and Indian Bank have increased their lending rates by 5 basis points.
• Koronox Lab Sciences' IPO subscribed 11.16 times on Day 1 of the bidding.

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