Stock Market LIVE on July 5: Indian benchmark indices retreated at open on Friday, with BSE Sensex slipping 461 points at 79,587 points, while the Nifty50 index fell 0.27 per cent to 24,236
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Photo: Bloomberg
Opening Bell: Indian benchmark indices retreated at open on Friday, with BSE Sensex slipping 461 points at 79,587 points, while the Nifty50 index fell 0.27 per cent to 24,236.
On BSE Sensex HDFC Bank led the losses, followed by M&M, Titan, Tata Steel, Powergrid and Adani Ports while Infosys, Tech Mahindra, JSW Steel, ICICI Bank, Ultratech Cement and Sun Pharma were among top gainers.
Similarly, TCS, Titan and Tata Steel slumped while Cipla, Hindalco, Bajaj AUto and Divis Labs advanced in early trade on the NSE.
In contrast to the benchmarks, the broader markets were trading in green, with the MidCap index up by 0.05 per cent and the SmallCap index rising 0.23 per cent.
Sectorally, Nifty Financial Services, Nifty Private Bank and Nifty Auto traded losses whereas Nifty Healthcare, Nifty Pharma, Nifty FMCG and Nifty PSU Bank led gains.
9:37 AM
Mahindra Lifespace gains 4%; Co to redevelop 7 residential societies in Mumbai
>> The company, in an exchange filing, said that it has been chosen for the redevelopment of seven residential societies in Borivali West, Mumbai. The project offers an estimated gross development value of approximately Rs 1,800 crore.
9:30 AM
VST Industries rises 2% as Radhakishan Damani raises stake in Q1FY25
>> Radhakishan Damani has increased his stake to 3.47 per cent in the company, at the end of the June quarter, from 1.95 per cent at the end of the March quarter of FY24.
9:28 AM
Bajaj Auto rises 1% ahead of the launch of world’s first CNG bike
>> Bajaj Auto is all set to become the world’s first two-wheeler company to launch a CNG bike on Friday. While the Pune-based company is yet to reveal the name of the bike, reports claim it is expected to be in the 125 cc segment and will be named Freedom 125. The bike is likely to have flexible fuel options and will feature two separate switches for petrol and CNG.
9:27 AM
Raymond rallies 4% on demerger, listing plans of realty biz
>> In a regulatory filing on Thursday, textile major Raymond said the company’s Board has approved the scheme of arrangement of Raymond Ltd (demerged company) and Raymond Realty Ltd (resulting company).
>> As per the scheme of arrangement, each Raymond Ltd shareholder will receive one share of Raymond Realty for every one share held in Raymond Ltd.
>> That apart, the shares issued by Raymond Realty Ltd would be listed separately on the BSE and the National Stock Exchange of India (NSE).
9:26 AM
HDFC Bank falls over 3% on weak Q1 update
>> HDFC Bank’s gross advances stood at Rs 24.87 trillion as on June 30, compared to Rs 25.08 trillion on March 31 — down 0.8 per cent sequentially. Advances grew 14.9 per cent year-on-year (Y-o-Y), excluding the impact of the merger of erstwhile HDFC Ltd.
>> The deposit book as of June 30 was Rs 23.79 trillion, almost flat compared to the quarter ago period. Deposits grew 16.5 per cent Y-o-Y, excluding the impact of the merger.
9:24 AM
Broader markets :: SmallCap index holds gains in a weak session
9:23 AM
Sectoral trends :: Financial, Bank indices down 1%
9:22 AM
Sensex Heatmap :: HDFC Bank, M&M drag benchmarks
9:21 AM
Opening Bell :: Nifty tests 24,200
9:20 AM
Opening Bell :: Sensex drops 400 pts
9:11 AM
Pre-Open Session :: Nifty below 24,250
9:09 AM
Pre-Open Session :: Sensex falls over 250 pts
9:05 AM
Currency check :: Rupee opens at 83.46/$ vs Thursday’s close of 83.49/$
8:59 AM
Ganesh Green Bharat IPO opens today for bids; price, GMP, lot size here
Ganesh Green Bharat initial public offering (IPO) is set to open for subscription on Friday, July 5. The IPO aims to raise Rs 125.23 crores comprising entirely a fresh issue of around 6.59 million shares.
The proceeds from the IPO will be used for repaying outstanding borrowings, financing capital expenditures for installing additional plant and machinery at their factory, meeting working capital needs, and addressing general corporate purposes. Read more
8:42 AM
Renewables financier Ireda’s high valuation may limit further stock upside
State-owned Indian Renewable Energy Development Agency’s (Ireda’s) chairman and managing director Pradip Kumar Das has announced that the company has requested the government to allow it to carry out a follow-on public offer (FPO) as it will need further equity infusion to maintain the pace of growth.
The FPO would aim to raise between Rs 4,000 crore and Rs 5,000 crore. Read more
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First Published: Jul 05 2024 | 7:30 AM IST
