Stock Market Highlights, June 24: Sensex, Nifty end higher after a day's hiatus; VIX jumps 6%

Stock Market Highlights on Monday, June 24: Sectorally, the Nifty Media index fell 1.8 per cent, followed by the Nifty Metal, and PSU Bank indices (down 0.6 per cent each)

2:14 PM

From bricks to stocks: Indian family houses take leap with new-found wealth

Punit Shah, a Partner with Dhruva Advisors, a consultancy firm, notes that many families want to set up offices to manage wealth after selling their traditional companies. READ MORE

2:07 PM

Polycab India hits new high; stock zooms 90% from January low

Polycab share price: The management believes the FMEG industry is poised to accelerate its growth in the FY 2024- 25, driven by steady urban consumption and improved prospects for rural demand. READ MORE

1:59 PM

ALERT:: Satin Creditcare opens first branch in Nagaland; stock down 3%

Satin Creditcare in an exchange filing today siad the company has ventured into Nagaland with the opening of its first branch.

The NBFC-MFI has become the first leading microfinance institution to enter Nagaland, strengthening its footprint in 27 states and union territories and consolidating its position as a pioneering force in the industry, the release stated.

1:49 PM

Fintech firm Paytm sees 19% growth in flight bookings in Jan-Mar quarter

Fintech firm One97 Communications claims to have registered on-year growth of 19 per cent growth in flight bookings in the January-march quarter of this year, the company said in a regulatory filing on Monday. READ MORE

1:39 PM

Welspun Specialty zooms over 17% on bagging Rs 117 cr-order from BHEL

Welspun Specialty shares rally: Shares of Welspun Specialty Solutions soared as much as 17.36 per cent to hit an intraday high of Rs 44.40 per share on Monday, June 24, 2024.  READ MORE

1:28 PM

Pilani, Vardhman: Here's why shares of Holding firms rallied up to 20%

Market regulator Sebi on Thursday announced a framework for special call auctions with no price bands for price discovery of investment holding companies. READ MORE

1:21 PM

Hero MotoCorp to raise prices of few models by up to Rs 1,500 from July

Hero MotoCorp on Monday said it will hike prices of select motorcycle and scooter models by up to Rs 1,500 with effect from July 1, 2024 in order to partially offset the impact of higher input costs. READ MORE

1:12 PM

Garden Reach Shipbuilders stock price rallies 11% on $54 million order win

The rise in stock price came after the company announced that it has secured an international order worth $54 million for the construction and delivery of four multi-purpose vessels of 7,500 DWT each. READ MORE

1:04 PM

Tech layoffs: 98,000 impacted as Apple, Google, others continue job cuts

The tech industry is experiencing a significant wave of job cuts, with more than 98,000 employees laid off from over 330 companies globally in the first half of 2024. Layoffs.fyi, a platform monitoring tech layoffs, reported that 98,834 employees have been affected.  READ MORE

12:58 PM

ALERT:: MapmyIndia announces lauch of ClarityX; stock sheds 4%

MapmyIndia in an exchange filing today said the company has expanded its enterprise offerings in partnership with ClarityX, an AI Driven Data Analytics & Consulting Company. 

 

MapmyIndia founders, Rakesh Verma & Rashmi Verma, today announced the launch of ClarityX, a company that is dedicatedly focused on providing enterprise clients with cutting-edge and bespoke, customer-centric AI Driven Data Analytics & Consulting. ClarityX capabilities will help expand MapmyIndia’s enterprise offerings and addressable market.

12:51 PM

IREDA shares gain 4% after NCD fundraise gets oversubscribed by 2.65 times

Shares of Indian Renewable Energy Development Agency (IREDA) surged up to 4.2  per cent at Rs 195.35 per share in Monday’s intraday trade. This came after the company on last Friday announced that it successfully raised Rs 1,500 crore through issuance of non convertible debentures (NCD). READ MORE

12:44 PM

Explained: Why is Sebi probing Quant MF and how will it impact investors?

Sebi's investigation stems from red flags raised by their surveillance system. These flags indicated a potential pattern where trades by certain entities closely mirrored those of Quant Mutual Fund. READ MORE

12:37 PM

HG Infra Engineering shares rally 8% on incorporating six new solar units

Shares of HG Infra Engineering soared up to 7.7 per cent at Rs 1,877 per share in Monday's early morning deals. This came after the company incorporated six new solar power units. READ MORE

12:30 PM

S&P retains India FY25 GDP growth estimate at 6.8%; forecast lower than RBI

S&P Global Ratings on Monday retained India's GDP growth forecast for the current financial year at 6.8 per cent and said high interest rates and lower fiscal spur would temper demand. READ MORE

12:23 PM

ALERT:: Asian shares display mixed trend on Monday, June 24