Stock Market Highlights, July 3: Sensex rises 545 pts, ends near 80,000; HDFC, Axis Bank gain 2%

Stock Market Highlights on July 3: In the broader markets, the BSE MidCap and the BSE SmallCap index rose 0.86 per cent each.

1:59 PM

ALERT:: Alembic Pharma June quarter update; stock trades flat

Alembic Pharma in an exchange today said the company received a total of 206 ANDA approvals, including 179 final approvals and 27 tentative approvals from the USFDA.

1:51 PM

This smallcap stock has zoomed 251% against QIP price in less than 4 months

Shares of Shakti Pumps (India) (SPIL) hit a new high of Rs 4,240.80, gaining 5 per cent on the BSE in Wednesday’s intra-day trade, extending its past four days up move on the bourses. READ MORE

 

1:41 PM

ALERT:: Union Bank of India gets credit ratings upgrade; stock rises 2%

Union Bank of India in an exchange filing said India Ratings upgraded its ratings on seven of the bank's bonds.

1:31 PM

Kingdon never disclosed any relationship with Hindenburg: Kotak Mahindra Bank

Kingdon informed KMIL that the transactions were made on a principal basis, i.e. for themselves, said the bank in a stock exchange filing. READ MORE

1:20 PM

Federal Bank shares hit new peak after reporting robust growth in Q1FY25

Federal Bank reported robust growth in its financial metrics for the first quarter of fiscal year 2024-25 (FY25). The bank's advances surged by 20 per cent, reaching Rs 2.66 trillion. READ MORE

1:10 PM

ALERT:: ABB India inks deal with M&M; stock up 0.7%

ABB India in an exchange filing today said, the company's innovative PixelPaint technology has been selected by Mahindra & Mahindra (M&M) for its new electric vehicle paint facility. 

12:59 PM

India faces high debt, but sustainable for now: NCAER director-general

At nearly 82 per cent of GDP, India's public debt is very high, but the country doesn't face debt sustainability issue on account of high growth rate and higher share of local currency debt, NCAER Director General Poonam Gupta has said. READ MORE

12:51 PM

Persistent Systems hits 52-week high on acquiring US firm for $20.7 mn

Persistent Systems Inc., the US-based subsidiary of company, entered into a stock purchase agreement on July 2, 2024, to acquire Starfish Associates for a total acquisition cost of $20.7 million. READ MORE

12:42 PM

ICICI Prudential MF launches Energy Opportunities Fund: Check details

ICICI Prudential Mutual Fund has announced the launch of the ICICI Prudential Energy Opportunities Fund, an open-ended equity scheme focused on the energy industry. The new fund offer (NFO) opened on July 2 and will close on July 16, 2024. READ MORE

12:31 PM

V-Mart up 5% after Q1 biz update impresses investors; store sales up 11%

Shares of retail chain operator V-Mart Retail jumped as much 4.77 per cent to hit a fresh 52-week high of Rs 3,030.25 per share on Wednesday. READ MORE

12:20 PM

June services PMI rises on back of new orders, international sales

The headline Purchasing Managers' Index (PMI) figure released by HSBC on Wednesday rose to 60.5 in June from 60.2 in May. READ MORE

12:09 PM

Sensex sees third fastest 5,000-point gain in history to reach 80,000 mark

The fastest 5,000-point rally for the Sensex was nearly three years ago (September 24, 2021) when the index hit an intraday high of 60,333 in a span of just 28 trading days. READ MORE

11:58 AM

Sector check :: Nifty Bank index gains 2%

11:47 AM

Market Check :: Top gainers on the BSE at this hour

11:35 AM

Warehouses are hot property! At $2.5 bn, realty investments touch 3-yr high

The biggest driver of this investment surge is the industrial & warehousing sector, attracting a whopping 61% of the total investment, or $1.5 billion. This trend is likely fueled by India's booming e-commerce sector and the increasing focus on domestic manufacturing. Investors are recognizing the potential of high-quality warehouses and logistics facilities in this rapidly growing market. READ MORE