Share Market News Today | Sensex, Nifty, Share Prices Highlights: The benchmark equity indices ended Friday’s trading session in the negative territory. The NSE Nifty 50 plunged 269.95 points or 1.09% to settle at 24,530.10, while the BSE Sensex fell 738.81 points or 0.91% to 80,604.65. The broader indices ended in negative territory, with gain fall by Small-cap and Midcap stocks. Bank Nifty index ended lower by 355.10 points or 0.67% to settle at 52,265.60. Metal and Energy stocks fell over 2% among the other sectoral indices while FMCG, IT and Realty stocks shed.
Share Market Live: Nifty 50 touched new record high of 24,854.80
Share Market News Today | Sensex, Nifty, Share Prices Highlights: The benchmark equity indices ended Thursday’s trading session in the positive territory. The NSE Nifty 50 gained 187.85 points or 0.76% to settle at 24,800.10, while the BSE Sensex jumped 626.91 points or 0.78% to 81,343.46. The broader indices ended in mixed territory, with gain led by Large-cap. Bank Nifty index ended higher by 223.90 points or 0.43% to settle at 52,620.70. IT and FMCG stocks outperformed among the other sectoral indices while Metal and Media stocks shed.
Share Markets Highlight: Nifty crosses 24,800 for first time on July 18
GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a positive opening on Thursday. Here’s a look at the key stocks to watch in trade.
Stocks in Focus: GIFT Nifty traded up by 10.50 points or 0.05% at 21,569.50 indicating a lacklustre opening for domestic indices NSE Nifty 50 and BSE Sensex on Thursday. Previously, on Wednesday, the NSE Nifty 50 gained 73.85 points or 0.34% to settle at 21,618.70, while the BSE Sensex ended higher by 271,50 points or 0.38% to 71,657.71.
“The Nifty index bounced back strongly from its important support at 21,500, indicating that the bulls are quite active at this level. The Nifty closed at 21,623, near its resistance. If it manages to close above 21,700-21,750 levels, we might see the Nifty reaching 22,000. For those looking to buy Nifty, the recommended range is between 21,550-21,600. Set a stop loss at 21,480 and aim for a target of 21,750,” said Kunal Shah, Senior Technical &…
Tamilnadu Coke & Power Limited (TNCPL), a prominent Low Ash Metallurgical (“LAM”) Coke manufacturer, has officially filed its Draft Red Herring Prospectus (DRHP) with the NSE Emerge. The proposed offering consists of a fresh issuance of 64,14,000 equity shares, each with a face value of Rs. 10. Beeline Capital Advisors Private Limited has been appointed as the Book Running Lead Manager, while Link Intime India Private Limited will serve as the Registrar to the issue.
Headquartered in Thandalacherry village, Gummidipoondi Taluk, Tamil Nadu, TNCPL specializes in producing LAM Coke through the conversion of coking coal, coal sales, power generation from waste heat recovery, and electricity sales. Its LAM Coke product portfolio includes Lumpy Coke, Blast Furnace Coke, Nut Coke, and Coke Fines.
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The company operates a LAM Coke Oven plant in Thandalacherry, Tam…
Weeks after the imposition of a ban on onion exports, the government is assessing the situation and is likely to reconsider the decision to stem sharp fall in the mandi prices of the vegetable.
“The government may allow exports of onion through cooperatives,” a trade source said. Sources said with the arrivals of kharif harvest as well as imposition of exports ban on December 7 till March 31, 2024, the mandi prices at Lasalgaon, Nasik, Maharashtra, the hub of the country’s wholesale trade has fallen to Rs 1500/quintal on Tuesday from around Rs 3700/quintal prevailed prior to the imposition of shipment ban.
A trader said that onion kharif harvest due to high moisture content cant be stored, the arrivals are increasing thus pulling down the prices. Farmers and traders have been demanding a lifting ban on exports so that prices do not plummet.
Govt aiming to fully automate customs processes by April 2026 India has less than 1 in 5 OTT users pay…
Valiant Laboratories’ shares are scheduled to debut on the bourses today. And, ahead of its listing Valiant Laboratories’ shares’ GMP rose 14.29%. The IPO was subscribed 29.76 times. The Qualified Institutional Buyers (QIBs) category was subscribed 20.83 times, the portion for non-institutional investors received a 73.64-time subscription, and the Retail Individual Investors (RIIs) quota got subscribed by 16.06 times.
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“The IPO was well-received by investors, with a subscription rate of 29.76 times. The current GMP is also favorable, indicating a listing premium of over 15%. Valiant Laboratories’ financial performance has been improving in recent years, and the company plans to expand further. The IPO valuation was also considered fair,” said Shivani Nyati, Head of Wealth, Swastika Investmart.
“However, there are some concerns as…
The rupee slipped 3 paise to settle at 83.19 against the US dollar on Tuesday amid a strong American currency and outflow of foreign funds. A positive equity market sentiment and softer crude oil prices, however, provided a cushion and restricted the fall in the Indian currency, forex traders said.
At the interbank foreign exchange, the domestic currency opened at 83.17 and traded between a peak of 83.10 and a low level of 83.21 against the greenback during intra-day deals. The local unit settled at 83.19 against the dollar, registering a loss of 3 paise from its previous close. On Friday, the domestic currency settled at 83.16 against the dollar. Forex markets were closed on Monday on account of Christmas.
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Anuj Choudhary, Research Analyst at Sharekhan by BNP Paribas, said the Indian rupee depreciated on recovery in the US dollar and FII outflows. However, positive domestic markets and a decline in crude …