Stock Market Highlights, July 02: Sensex, Nifty end marginally in red; Infy, L&T shine

Stock Market highlights on Tuesday, July 02, 2024: The BSE Sensex ended 35 points lower at 79,441, after hitting a record high of 79,856. Bank and midcap stocks crumbled under selling pressure.

2:56 PM

L&T's shares rally on reports of order win worth $4 bn from Saudi Aramco

On Tuesday, the shares of Larsen Toubro soared up to 3 per cent at Rs 3,634 per share on the BSE in intraday trade. According to reports, the construction major bagged a mega work orders worth Rs 30,000 crore or $4 billion from Saudi Aramco. READ MORE

2:44 PM

ALERT:: WPIL fixes record date for share split; stock trades flat

WPIL in an exchange filing said, the company's board has fixed July 12 as the record date for sub-division of its equity shares in 1:10 ratio.

2:32 PM

HDFC Bank up 2%, nears record high; stock up 19% from June low

The stock hit high of Rs 1,734.90 in intra-day deals on Tuesday, and was seen inching towards its record high of Rs 1,757.80 touched on July 3, 2023. READ MORE

2:20 PM

Adani Ports given extension for dredging activities in Kerala harbour

Kerala Port Minister V N Vasavan on Tuesday said Adani Ports has been given an extension to complete the dredging activities in the navigation channel of nearby Muthalappozhi harbour, which has been witnessing frequent boat accidents and deaths for some years. READ MORE

2:07 PM

RBI keeps floating rate savings bond interest rate for July-Dec at 8.05%

The Reserve Bank of India (RBI) has said the interest rate for its Floating Rate Savings Bonds 2020 (Taxable) will be 8.05 per cent for July-December 2024. READ MORE

1:54 PM

'Discount broking space getting overcrowded; Sensex can hit 100,000'

Globally, growing number of parliamentarians are worried about legitimised gambling via stock exchanges which has social and financial implications, said CJ George, founder & MD, Geojit Financial. READ MORE

1:42 PM

Budget Watch: Govt may announce new 5G initiatives, focus on R&D for 6G

The upcoming Union Budget may announce initiatives for the development of India's 5G ecosystem, as well as funds for more research and development in 6G, officials at the Department of Telecommunications (DoT) said. READ MORE

1:30 PM

Global check:: Nikkei gains over 1% in mixed Asian trade

1:18 PM

ECB's next interest rate cut easy decision before choices become hard

The European Central Bank's next interest rate cut is still a relatively easy decision, but subsequent moves should only come once inflation is clearly heading towards the 2 per cent target, ECB policymaker Pierre Wunsch said in an interview. READ MORE

1:07 PM

ALERT:: Bank Nifty falls 1%; weakness seen across private and psu banks

12:54 PM

CSB Bank stock up 7% on steady growth in advances, total deposits in Q1FY25

Shares of CSB Bank soared up to  7.2 per cent at Rs 402 per share on the BSE in Tuesday’s intraday trade. The stock price jump came after the private bank reported a 17.8 per cent year on year growth in gross advances to Rs 25,099 crore for the first quarter of fiscal year 2024-25 (Q1FY25).  READ MORE

12:43 PM

How to trade Adani stocks amid Hindenburg-Sebi row? Here's what charts say

Shares of Adani Group of companies were buzzing in trades on Tuesday, with select stocks rising up to 6 per cent following reports of Sebi slapping 'show-cause' notice to Hindenburg Research. READ MORE

12:31 PM

Godrej Properties jumps 5% on upbeat sales in Bengaluru; stock at new high

Shares of Godrej Properties (GPL) hit a new high of Rs 3,333, surging 5 per cent on the BSE in Tuesday’s intra-day trade after the company said it sold over 2,000 homes worth over Rs 3,150 crore in its project, Godrej Woodscapes, located in Whitefield-Budigere Cross, Bengaluru. READ MORE

12:22 PM

Pennar Industries hits 52-week high on establishing plant in Rae Bareli

Shares of Pennar Industries were buzzing in trade on Tuesday. The stock rallied as much as 10.15 per cent to hit a fresh 52-week high of Rs 191.50 per share on Bombay Stock Exchange (BSE). READ MORE

12:07 PM

Godrej's Bengaluru launch sells over 2,000 homes, nets Rs 3,150 crore

Godrej Properties Ltd on Tuesday announced a milestone with its latest project, Godrej Woodscapes, located in Whitefield-Budigere Cross, Bengaluru. The company announced on Tuesday that it has sold over 2,000 homes, generating Rs 3,150 crore, marking the most successful launch in its history in terms of both value and volume. READ MORE