Sensex climbs 240pts, Nifty ends near 18,600 on firm global cues; M&M up 4%

CLOSING BELL, June 5, 2023: Sectorally, the Nifty Auto index advanced over 1 per cent, while the Nifty Media, Private Bank, and Consumer indices gained up to 0.8 per cent

3:45 PM

Broader indices also gain in tandem with Nifty 50

3:41 PM

Nifty 50 Losers:: Divi's Lab, Asian Paints, Tech Mahindra slip over 1%

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Nifty 50 Gainers:: M&M soars 4%; Axis Bank, Tata Motors, L&T also shine

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Sensex 30 Heatmap:: 16 Gainers v/s 14 Losers

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CLOSING BELL:: NSE Nifty 50 settles with a gain of 60 pts at 18,594

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CLOSING BELL:: S&P BSE Sensex ends 240 pts higher at 62,787

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ALERT :: HG Infa wins order from North Central Railways; stock off lows

>> Company wins project for Redevelopment of Kanpur Central Railway Station at Kanpur on Engineering, Procurement and Construction (EPC) mode in the state of Uttar Pradesh worth Rs 677 crore

 

3:15 PM

Global Check:: US, UK stock futures paint a mixed picture

Source: Investing.com

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Salary of Infosys CEO Salil Parekh drops 21% to Rs 56.45 crore in FY23

The annual report of Infosys, for the financial year 2022-23, reveals that the compensation of CEO Salil Parekh amounted to Rs 56.45 crore, compared to Rs 71 crore in the previous year. READ MORE

2:55 PM

Airline industry to report $9.8 bn profit this year on rising traffic: IATA

The airline industry is expected to record a net profit of USD 9.8 billion this year as passenger traffic is rising and local economies are reviving, IATA said on Monday. READ MORE

2:46 PM

Civil aviation ministry, airlines to discuss airfare spike on some routes

The civil aviation ministry will hold discussions with airlines later in the day on issues related to airfares, which have surged on certain routes in recent weeks, according to an official. READ MORE

2:35 PM

L&T Finance to sell bad loans worth Rs 3,022 crore to AMCs: Report

L&T Finance is making this step as part of its efforts to reduce its wholesale finance book, which comprises both infrastructure and real estate loans. READ MORE

Illustration: Binay Sinha

2:22 PM

A 'nifty' little move: HDFC Life, SBI Life lead earnings upgrades

HDFC Life, SBI Life, and Tata Motors have seen the highest upward revisions in 2023–24 (FY24) earnings estimates among the National Stock Exchange Nifty components. READ MORE

2:09 PM

ALERT:: Tata Power commissions 110 MW solar power plant; stock up 1%

Tata Power Renewable Energy (TPRE), a subsidiary of The Tata Power Company, has commissioned a 110 MW solar power project in Bikaner, Rajasthan. The project will supply 110 MW of green power to the Kerala State Electricity Board.

1:56 PM

TCS bags 10-yr contract for managing Teacher's Pension Scheme in Eng, Wales

Tata Consultancy Services (TCS) today announced that it had bagged a 10-year contract from the Department for Education (DfE) to administer and further enhance customer experiences for the Teachers' Pension Scheme in England and Wales. The financial details of the deal were not disclosed. READ MORE