Market Highlights, July 12: Sensex up 622pts, ends atop 80,500; Nifty holds 24,500; IT stocks dazzle

Stock Market Highlights on Friday, July 12, 2024: TCS shares soared nearly 7 per cent today after it posted better-than-expected June quarter (Q1) results. Infosys, Tech M, and HCL Tech followed suit

2:55 PM

Modi govt departs from privatisation plans, might overhaul state-run firms

India plans to overhaul more than 200 state-run firms to make them more profitable, signalling a departure from Prime Minister Narendra Modi's aggressive privatisation programme that has struggled to take off, government sources said. READ MORE

2:44 PM

Cyient to set-up subsidiary for semiconductor business; stock rallies 7%

The uptick in stock price came after the company announced the strategic expansion of its semiconductor business with the establishment of a fully owned subsidiary. READ MORE

2:35 PM

Indian banks eye record infra bond issue for second straight financial year

If successful, funds raised via these bonds in the first five months of the current fiscal year started in April will surpass the Rs 544 bn raised in FY 2023-24. READ MORE

2:23 PM

RailTel stock soars 18% on heavy volumes; up 331% in 1 year

In the past one month, the stock of telecom service provider for Indian Railways has rallied 47 per cent after winning multiple orders worth of Rs 161 crore. READ MORE

2:11 PM

India's car exports grow by 18.6% in Q1; domestic sales remain flat

The export of cars from India increased to 180,483 units in the first quarter of 2023-24, recording 18.6 per cent year-on-year (Y-o-Y) growth amid strong demand in key markets, according to data released by Society of Indian Automobile Manufacturers (SIAM) on Friday. READ MORE

1:59 PM

LT Foods share price rises over 4% after opening new facility in UK

Shares of FMCG firm LT Foods surged up to 4.54 per cent at Rs 293.15 per share on the BSE in Friday’s intraday trade. This came after LT Foods on Thursday announced the inauguration of a facility in the United Kingdom (UK).  READ MORE

1:45 PM

Zerodha confirms users may face connectivity issues with BSE F&O orders

Zerodha has reported that some of its users may be experiencing issues with their BSE Futures and Options (F&O) orders due to a connectivity problem. The glitch has resulted in orders appearing in the ‘Open Pending’ state, affecting users across multiple brokerage firms. READ MORE

1:34 PM

Allcargo Terminals shares surge 8% as freight volumes rise 20% YoY in June

This came after Allcargo Terminals reported that its container freight station (CFS) volumes for the month of June 2024 were recorded at 55.9 '000 TEUs, an increase of 20 per cent. READ MORE

1:23 PM

ALERT:: Tata Communications to consider NCDs issue; stock trades flat

Tata Communications board to consider a proposal to raise funds by way of issue of Non-convertible debentures on July 18.

1:11 PM

F&O Alert: M&M, Shriram Finance see short buildup; Manappuram, Sun Tv long

Shares of Mahindra & Mahindra and Shriram Finance face up to 15 per cent downside risk; whereas, Manappuram Finance and Sun Tv can potentially gain up to 13 per cent. READ MORE

1:01 PM

Brigade Enterprises stock gains 2% after unit launches residential tower

The uptick in share price came after the company announced that its arm has launched a new residential project, Cobalt. READ MORE

12:48 PM

Zee Entertainment gains 7% as board to consider fund raising on July 16

Zee Entertainment in focus: Shares of Zee Entertainment Enterprises (ZEEL) were up 7 per cent to Rs 157.20 per share, amid heavy volumes, on the National Stock Exchange (NSE) in Friday’s intra-day trade.  READ MORE

12:37 PM

Global check: Asian markets see sharp swings, up to 2% on either side

12:27 PM

Sensex up 996 pts, Nifty near 24,600 intraday: Why markets rose on Friday?

Indian equity benchmark indices, BSE Sensex, and NSE Nifty50, hit new record highs on Friday, July 12, 2024. This comes after the stock market indices rallied over 1 per cent in the intraday trade. READ MORE

12:18 PM

Puravankara Q1 update :: Achieves quarterly customer collections from real estate biz worth Rs 965 crore