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.

9:40 AM

Namita Thapar-backed Emcure Pharma IPO opens: GMP, price, apply or not?

The anchor book includes marquee investors such as HDFC MF, ICICI Pru MF, SBI MF, Abu Dhabi Investment Authority,  Goldman Sachs Asset Management, Nomura, HDFC Life, ICICI Pru Life, SBI Life, Birla MF, Kotak MF, Nippon MF, Mirae MF, and IIFL WhiteOak. READ MORE

9:26 AM

ALERT :: HDFC Bank up 3% on large trade, hits record high

9:24 AM

Broader indices :: Mid, SmallCap indices rise up to 0.5%

9:22 AM

Sectoral trends :: All but Nifty IT index trade with gains

9:20 AM

ALERT :: Record highs for benchmarks

BSE Sensex: 80,039.22

NSE Nifty: 24,292.15

9:20 AM

Sensex Heatmap :: 22 of 30 index stocks surge; HDFC Bank leads

9:18 AM

Opening Bell :: Nifty holds 24,200

9:17 AM

Opening Bell :: Sensex starts near 80,000

9:13 AM

ALERT :: HDFC Bank up more than 3% in pre-open

9:11 AM

Pre-Open :: Sensex tops 80,000 for the first time

9:10 AM

Pre-open Session :: Nifty nears 24,300

9:02 AM

Currency Check :: Rupee opens unchanged at 83.51/$

8:58 AM

Buzzing stocks, July 3:YES Bank, ZEE, DMart, IEX, Hindustan Zinc, KEC Int'l

YES Bank: The bank's loan book grew 15 per cent year-on-year (Y-o-Y) to Rs 2.29 trillion in the April-June quarter. Deposits, on the other hand, were up 21 per cent Y-o-Y to Rs 2.64 trillion.

Avenue Supermarts: The DMart chain of stores' operator reported a provisional standalone revenue of Rs 13,712 crore for the April-June quarter, up 18 per cent Y-o-Y. The total number of stores as on June 30, 2024, stood at 371, the company said in an exchange filing while announcing its Q1-FY25 business update. Read more

8:41 AM

Stocks to Watch, July 3: HDFC Bank, Zomato, Concor, RVNL, M&M Fin, Britannia

HDFC Bank: The latest foreign ownership data, released on Tuesday, July 2, showed FII holding in the private bank falling to 54.83 per cent. This opens room for a weight increase in the MSCI index. Brokerages estimate an inflow of $3-4 billion in MSCI's August rejig.

Rail Vikas Nigam Ltd (RVNL): The railway company has bagged a Rs 132.6-crore order from Central Railways.

It has emerged as the lowest bidder for overhead equipment (OHE) modification work for upgrading the existing 1 x 25-kilovolt electric traction system to a 2 x 25-kilovolt AT feeding system in the Wardha-Ballarshah section of the Nagpur division of Central Railway to meet a loading target of 3,000 MT.
 

Zomato: Food and grocery delivery major Zomato has pulled the plug on its plan to enter the lending business. Zomato Financial Services, a wholly-owned subsidiary of Zomato, has withdrawn its application for a non-banking financial company (NBFC) licence with the Reserve Bank of India (RBI), stating that the company does not have plans to pursue lending in the future. Read more

8:25 AM

Quant MF raises wager on HDFC Bank, exposure increases across schemes

Quant Mutual Fund (MF), one of the few fund houses to run a significant underweight position in private banks, has raised its allocation towards HDFC Bank.

The private lender is now among the top two holdings in most of the schemes. Reliance Industries and Jio Financial Services are among the top holdings in most schemes.

 

Banks have the highest weight in bluechip indices Nifty50 and Sensex, with HDFC Bank accounting for a large portion. Read more