Sensex zooms 340 pts, ends near 65,800; Nifty tests 19500; auto stocks lead

Closing Bell on July 6, 2023: This was the Nifty50 index's eighth straight session of gains

9:23 AM

Broader indices outperform; India VIX jumps 1%

9:21 AM

SENSEX HEATMAP | 13 out of 30 index counters in green; Power Grid up 1%

9:19 AM

OPENING BELL | Nifty50 slips below 19,400-mark

9:18 AM

OPENING BELL | Sensex opens flat at 65,415 levels

9:09 AM

PRE-OPEN SESSION | Sensex trades flat at 65,398 levels

9:07 AM

PRE-OPEN SESSION | Nifty50 trades flat below 19,400-mark

9:03 AM

Rupee opens at 82.37/$ as against previous close of 82.23/$

8:59 AM

M&A value nosedives 75% to $32.6 bn in H1 of 2023 despite record volume

The value of merger and acquisition (M&A) deals plunged 75 per cent to USD 32.6 billion in the first half of 2023 even as the number of such deals crossed an all-time high of 1,400, according to industry data. More than 1,400 transactions in the first half, up 5.2 per cent on-year, made the first half of 2023 busiest semiannual period in terms of number of deals since records began in 1980. READ

8:54 AM

Gold price unchanged at Rs 59,060, silver rises Rs 500 to Rs 72,200

Gold price were unchanged in Thursday's early trade, with 10 grams of the yellow metal (24-carat) trading at Rs 59,060, according to the GoodReturns website. Silver prices, on the other hand, rose Rs 500 with 1 kg of the precious metal selling at Rs 72,200. READ

8:49 AM

LIC offloads over 2% shares in India Cement via open market transactions

Life Insurance Corporation of India (LIC) on Wednesday said it has offloaded a little over 2 per cent stake in India Cement through open market transactions between November 2007 and July 2023. READ

8:44 AM

Hi-Green Carbon files draft papers for IPO; to list on NSE Emerge

Hi-Green Carbon on Wednesday said it has filed preliminary papers for an initial public offering. The shares will be listed on NSE Emerge, a platform for small and medium enterprises. The Gujarat-based firm, which is into recycling of waste tyres, plans to offer up to 76 lakh equity shares with a face value of Rs 10 each through the book-building process. READ

8:39 AM

Maruti Suzuki expects to double its revenues by FY31: CEO Takeuchi

Maruti Suzuki India is expecting to double its revenues by 2030-31 (FY31) from the FY22 level through more sales, Managing Director and Chief Executive Officer Hisashi Takeuchi said on Wednesday. READ

8:35 AM

M-cap of BSE-listed firms hits Rs 300 trn, now 4th-largest equity market

India is now the world’s fourth largest equity market, if one excludes Hong Kong — whose $5.2 trillion market cap is mostly on account of the listed Chinese companies there. In dollar terms, India’s market value is nearly $3.6 trillion, having grown 7 per cent so far this year. READ

8:30 AM

New launches power Hero, Bajaj Auto stocks into gains, Eicher drags

The latest price action followed the launch of premium motorcycles by Hero and Bajaj, threatening to challenge Eicher-owned Royal Enfield’s (RE) domination in the segment. Hero and Harley-Davidson launched their first jointly developed premium motorcycle X440 while Bajaj, in collaboration with UK’s Triumph Motorcycles, unveiled Speed 400 and Scrambler 400x. READ

8:25 AM

Rupee weakens 20 paise to close at 82.22/$ Wednesday