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.

11:57 AM

Apple exceeds India's PLI scheme targets, lags in value addition

Technology major Apple, the poster boy of India’s production-linked incentive (PLI) scheme, has exceeded its targets on five of the six parameters that the government monitors. READ MORE

11:49 AM

Divine Power Energy makes stellar mkt debut, lists at 288% premium on NSE

Divine Power Energy Ltd (DPEL) made a stellar debut on the NSE Emerge platform today, listing at Rs 155 per share, a premium of 288 per cent over issue price of Rs 40. READ MORE

11:34 AM

Decoded: Hindenburg vs Adani saga raises more questions about short selling

Remember the Hindenburg report from last year that accused the Adani Group of wrongdoings? It caused a big stir in the Indian stock market. Now, the short seller, Hindenburg Research, is back in the news, and things are getting heated. READ MORE

11:22 AM

IOLCP's stock rallies 10% after securing nod for cholesterol drug

Shares of IOL Chemicals and Pharmaceuticals (IOLCP) rallied 9.7 per cent at Rs 449 per share on the BSE in Tuesday’s intraday trade. The stock price jump came after the company got China's drug regulatory authority NMPA's nod for cholesterol drug Fenofibrate, allowing the company to export it to the Chinese market. READ MORE

11:09 AM

This stock has zoomed 200% in 1 year, touched Rs 1 trillion market cap

hares of Solar Industries India (SIIL) hit a new high of Rs 11,186.20, as they rallied 11 per cent on the BSE in Tuesday’s intra-day trade on healthy business outlook. The stock of the explosive company has recovered 42 per cent from its previous month low of Rs 7,889.95 touched on June 4. In past one year, the scrip has zoomed 200 per cent from the level of Rs 3,738. READ MORE

10:57 AM

Nomura has high hopes from Infosys, Coforge ahead of Q1FY25 results

Tokyo, Japan-based brokerage Nomura is bullish on the Indian IT sector. Given the bottoming out of revenue growth rate, analysts expect the earnings per share (EPS) downgrade cycle to come to an end for the sector. READ MORE 

10:41 AM

ISMT share price rallies 4% after Maharashtra solar plant installation

Shares of Indian Seamless Metal Tubes (ISMT) surged as much as 4.14 per cent to hit an intraday high of Rs 136.80 per share on Tuesday. The uptick in share price came after the company announced that it has completed the  installation of a 35 MW DC capacity solar plant worth Rs 138 crore at Maharashtra. READ MORE

10:30 AM

Rupee falls 12 paise to 83.56 against US dollar during early trade

The rupee depreciated 12 paise to 83.56 against the US dollar in early trade on Tuesday, weighed down by the strengthening of the American currency in the overseas markets and elevated crude oil prices. READ MORE

10:15 AM

Adani group shares trade mixed as Hindenburg issue resurfaces; AEL down 1%

Shares of Adani Group companies were trading on a mixed note on the bourses after the US-based short seller Hindenburg Research said that it received a "show cause" notice from the Securities and Exchange Board of India (Sebi) over the Adani issue. READ MORE

10:04 AM

Angel ONE, Motilal, IIFL: Charts hint up to 24% downside for broking stocks

The Securities and Exchange Board of India (Sebi) on Monday directed stock exchanges and other market infrastructure institutions (MIIs), essentially stock brokers, to discontinue with the practice of levying slab-wise fee structures. READ MORE

9:55 AM

Broking stocks fall up to 11% after Sebi directs MIIs to levy uniform fees

Broking company stocks were under pressure on Tuesday, July 02, after Securities Exchange Board of India (Sebi) directed Market infrastructure institutions (MIIs), exchanges to levy the same fees.

As of 9:30 AM, broking company stocks including Angel One, IIFL Securities, 5Paisa Capital, SMC Global, Motilal Oswal Financial Services and Geojit Financial Services fell in the range of 2–11 per cent. In comparison, BSE Sensex was trading at record levels, up 0.23 per cent at 79,662.64. Read more

 

9:45 AM

Market check: Sensex takes U-turn from highs, drops marginally

9:34 AM

BSE SmallCap Heatmap:: DCX India soars 15%; Rane Holdings, Refex, Anant Raj other key winners

9:30 AM

BSE MidCap Heatmap:: Solar Inds, Oil India rally up to 5%; PolicyBazaar dips 3%

9:25 AM

ALERT:: SmallCaps seen outperforming other benchmarks in Tesday's early deals