Stock Market Live: GIFT Nifty indicates higher start for Sensex, Nifty; Asia-Pacific markets buzzing

Jun 25, 2024
stock-market-live:-gift-nifty-indicates-higher-start-for-sensex,-nifty;-asia-pacific-markets-buzzing

Stock Market LIVE on Tuesday, June 25, 2024: The BSE Sensex hit a new high at 77,956, and the Nifty at 23,692 in intra-day deals today.

BSE

Stock Market LIVE on Tuesday, June 25, 2024: Indian equities firmed up in intra-day deals on Tuesday led by smart gains in private banking stocks.

 

The BSE Sensex surged over 600 points to hit a new high at 77,950 levels, while Nifty 50 was registered a fresh summit at 23,692 levels. The Bank Nifty rallied past the 52,500-mark for the first-time ever today. 


HDFC Bank, Axis Bank and ICICI Bank were the top gainers while Adani Ports and Nestle were the top laggards on BSE.


Broader markets were trading higher, outperforming benchmark indices. Nifty SmallCap was up 0.81 per cent while MidCap was trading 0.15 per cent higher.


Sectorally, Nifty Realty was the top loser, down 1.4 per cent.


1:47 PM

ALERT:: Nikkei rises 1% in mixed Asian trade

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1:37 PM

Garden Reach Shipbuilders hits record high; stock zooms 146% in 3 months

In the past two days, the stock has surged 17% after the company secured an international order worth $54 million for the construction and delivery of four multi-purpose vessels of 7,500 DWT each. READ MORE

India's second scorpene class submarine Khanderi launched at Mazagon dock shipbuilders limited (mdl) in Mumbai. Photo: PTI

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1:25 PM

Muthoot Capital initiates IRDAI Corporate Agent registration; stock up 5%

The uptick in the stock price came after Muthoot Capital announced that the board has approved the initiation of Registration as Corporate Agents with IRDAI. READ MORE

Jobs, Insurance, Irdai

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1:15 PM

Nvidia bull run and AI wave: Indian funds profiting from its stock surge

Nvidia got a head start by being the first to offer powerful GPUs, and now they’re capitalizing on the growing demand for AI technology by providing the hardware needed to make it work. READ MORE

Nvidia, Developers,

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1:03 PM

Craftsman zooms 13%, nears record high on Sunbeam’s biz acquisition plan

Shares of Craftsman Automation (CAL) moved higher by 13 per cent to Rs 5,441.40 on the BSE in Tuesday’s intra-day trade after the company proposed to acquire the whole or part of the business of Sunbeam Light weighting Solutions Private Limited (Sunbeam). READ MORE

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12:52 PM

Hitachi Energy surges 5% on bagging new work order worth Rs 790 cr

Hitachi Energy’s shares zoomed up to 5.3 per cent at Rs 12,220 per share on the BSE in Tuesday’s intraday trade. This came after the company on Tuesday said that it has received a work order valued at Rs 790 crore from Hitachi Energy Australia, a fellow subsidiary of the company for supply of certain equipment in Australia.  READ MORE

Sensex, BSE, stock markets

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12:45 PM

ALERT:: Sensex hits new life-time high at 77,867, rallies over 500 pts

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12:35 PM

ALERT:: Bank Nifty hits new high at 52,365; Axis, ICICI, HDFC Bank shine

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12:29 PM

Quant MF-Sebi probe saga: Should investors continue SIP or exit its funds?

Quant Mutual Fund, a high-performing AMC in India, is under SEBI investigation for possible front-running. Should investors stay invested? Here is everything you need to know. READ MORE

MF investors pulled out record rs 11K crore from SIPs in Dec 2023

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12:18 PM

Chemplast Sanmar stock gains after board OKs fundraise of up to Rs 1,000 cr

Chemplast Sanmar stock in focus: Chemplast Sanmar stock surged as much as 2.16 per cent to hit an intraday high of Rs 576 per share on Tuesday.  READ MORE

Sensex


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12:07 PM

ALERT:: BJP’s Om Birla files paper for the post of Lok Sabha speaker

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12:03 PM

Govt bonds flattish as investors await inflows in index inclusion week

Indian government bond yields were largely unchanged in early trade on Tuesday as investors continued to await inflows into domestic debt that will be included in a global index later this week. READ MORE

Bond yields slide as reports tout progress in global listing of Indian debt


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11:56 AM

HDFC MF launches HDFC NIFTY100 Low Volatility 30 Index Fund: Check details

Nifty100 Low Volatility 30 Index Fund targets large-cap low-volatility stocks within the NIFTY 100 Low Volatility 30 Index. READ MORE

ICICI Pru had overtaken HDFC MF — which had occupied the top slot since October 2011 — in the quarter ending March 2016

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11:32 AM

Borosil shares rally 6% as co begins placement for Rs 250 cr QIP issue

Borosil’s shares surged up to 6.6 per cent at Rs 367.50 per share on the BSE in Tuesday’s early morning trade. The share price of the company is presently trading near its 52-week high of Rs 420, hit on February 16, 2024. The company had hit its 52-week low of Rs 1,625.05 on October 16, 2023. Read more

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11:23 AM

CLSA thinks Zomato is growing faster than Swiggy, sees 25% upside

 CLSA, an international brokerage firm, projects that Zomato, a food delivery giant, will outpace Swiggy in growth across several metrics. As a result, CLSA analysts have set a target price of Rs 248, reflecting a potential increase of 24.7 per cent.

“Our target price is based on a 50/50 blend between discounted cash flow (DCF) and relative price to earnings (PE) valuations, reflecting Zomato’s long-term growth and short-term momentum. For the PE portion, we value Zomato’s food delivery business using a 41x target multiple applied to March 2026CL earnings per share (EPS). This represents a 30 per cent discount to our 58x quick-service restaurant (QSR) coverage universe, which is based on Jubilant’s last 10-year average multiple,” CLSA said in a note. Read more

Zomato is now allowing its users to build multiple carts at one time


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First Published: Jun 25 2024 | 7:11 AM IST

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