Stock Market Highlights, June 27: Nifty hits 24,000 on June F&O expiry day; Sensex rises 567 pts

Stock Market Highlights on Thursday, June 27, 2024: The BSE Sensex topped the 79,000-mark for the first time on Thursday, touching an all-time high of 79,396. The Nifty50 hit a record high of 24,087

11:59 AM

ALERT :: India VIX up 2%

11:48 AM

Winny Immigration IPO makes strong market debut, lists at 71% premium

The IPO was priced at Rs 140, with a minimum lot size of 1000 shares, requiring a minimum investment of Rs 140,000 for retail investors. High Net Worth Individuals (HNI) are required to invest in a minimum of 2 lots (2,000 shares), amounting to Rs 280,000. READ MORE

11:37 AM

ALERT :: Hariom Pipe targets Rs 2,500-cr revenue in FY26

Source: Investor presentation

11:25 AM

RVNL bags order worth Rs 156 cr from Southern Railway; shares surge 3%

Under the terms of order, RVNL has been tasked with implementing Automatic Signalling on the B-Route of Thiruvananthapuram Division in Southern Railway, specifically on the Ernakulam JN (ERS) - Vallattol Nagar (VTK) Section. READ MORE

11:12 AM

Dr Reddy's shares zoom post Nicotinell acquisition; brokerages unimpressed

Analysts at Kotak Institutional Equities believed that Dr Reddy’s should ideally better utilise the multiple myeloma drug Revlimid, due to its strong impact on the company’s balance sheet. READ MORE

10:52 AM

Sensex off highs, slips marginally in the negative territory

10:50 AM

Allied Blenders IPO closes today; GMP, share allotment, listing date

Allied Blenders & Distillers IPOcloses today, June 27 Thursday. The public issue as of Wednesday was subscribed 67 per cent of the total share sale, shows NSE data.

As per data from the NSE website, Allied Blenders & Distillers IPO so far has seen low bids from Qualified Institutional Buyers (QIBs) and retail investors. The QIB portion had seen bids of less than 10 per cent of the allotted quota; whereas, nearly 29 per cent of the set quota remained unsubscribed at the retail end. Read more

10:30 AM

UltraTech Cement to buy 23% stake in India Cements for Rs 1,885 crore

UltraTech Cement said on Thursday that the company's board had given the nod for the acquisition of a 23 per cent stake in Chennai-based India Cements (ICL). The company will purchase 70.6 million shares of India Cements at a price of upto Rs 267 per share, with a total deal value of Rs 1,885 crore.  Read more

10:15 AM

Nifty50 reaches new high at 23,966

10:13 AM

Fresh peak: Sensex breaches 79k mark for first time ever

10:08 AM

Market check: Nifty records yet another lifetime high at 23,957

10:06 AM

Market update: Sensex records fresh high at 78,942

10:04 AM

Ramky Infrastructure up 7% on securing orders of Rs 131 cr from Power Grid

Ramky Infrastructure stock surges:Shares of Ramky Infrastructure (Ramky Infra) rallied as much as 7.27 per cent to hit an intraday high of Rs 603.65 per share on Thursday. 

The surge in stock price came after the company announced that it has secured contracts worth Rs 131.19 crore from Power Grid. Read more

9:45 AM

Funds eyeing India's sovereign debt mkt risk being tripped up by red tape

India’s $1.3 trillion sovereign debt market has become a magnet for global investors. However, this newfound interest highlights how difficult doing business in the world’s most populous country can be for outsiders. 

Foreigners are eagerly buying bonds before they’re added to JPMorgan Chase & Co.’s main emerging market debt index from Friday. When doing so, they face challenges ranging from lengthy documentation to the intricacies of settling a trade and the complexities of paying taxes on any profits. Read more

 

9:43 AM

Asia stocks down, yen slump, keeping markets on intervention alert

Asian shares fell and bond yields spiked on nervousness about inflation on Thursday, while the yen's slide past 160-per-dollar had currency traders bracing for Japan to step in and steady it.

The dollar made six-week highs on sterling and the kiwi and at 160.7 yen traded just shy of Thursday's 38-year peak. The jittery mood had frothy sectors of financial markets especially vulnerable and Nasdaq futures dropped 0.5 per cent. Read more