Market Highlights, July 5: RIL, SBI lead fag-end recovery; benchmarks end flat; HDFC Bank down 4%

Stock Market Highlights on July 5: Shares of RIL gained 2.58 per cent, helping the Sensex, and Nifty indices recoup losses

1:55 PM

Britain's PM-elect Keir Starmer inherits weak economy with 'no magic wand'

Living standards have stagnated since Conservatives took power in 2010 and Britain's recovery from the Covid pandemic has been the weakest among big rich nations after Germany. READ MORE

1:43 PM

Thermax's stock rises 5% after subsidiary wins work order worth Rs 513 cr

Thermax shares zoomed 4.6 per cent at 5287.10 per share on the BSE in Friday's intraday trade after the company informed the bourses that it has bagged a big work order worth Rs 513 crore. READ MORE

1:31 PM

ALERT:: Utkarsh SFB reports Q1 business update; stock down 3%

1:24 PM

80% developers expect increase in housing demand from NRIs in 2024: Report

As many as 80 per cent of developers expect non-resident Indians (NRIs) to buy more homes in the country in 2024 due to an “attractive investment landscape”, favourable regulations, and potential for gains, according to a survey released on Friday. READ MORE

1:12 PM

This pharma stock has surged 16% on Friday; zoomed over 100% so far in CY24

Shilpa Medicare hit a multi-year high of Rs 672.50, rallied 16% after the company's CDMO customer reported positive results from pivotal clinical trial & placed binding purchase order. READ MORE

Photo: Bloomberg

1:01 PM

Budget Watch: Sitharaman likely to address banking, insurance reforms

As Finance Minister Nirmala Sitharaman prepares to present her seventh consecutive Budget later this month, she will have to take a call on issues related to banking and insurance. READ MORE

New Delhi: Union Minister Nirmala Sitharaman at the Parliament House complex during the first session of the 18th Lok Sabha, in New Delhi, Wednesday, June 26, 2024. (Photo: PTI)

12:51 PM

Mahindra Lifespace shares rally up to 6% on bagging deals worth Rs 2,050 cr

Shares of Mahindra Lifespace Developers zoomed 6.1 per cent at 647.70 per share on the BSE in Friday's intraday trade. READ MORE

 

12:38 PM

Asian stocks notch records, pound stable after Labour Party's victory

Asian share markets scaled new highs on Friday as investors sized up US rate cuts for September and the mood was upbeat, while the euro hit a three-week peak ahead of French elections. READ MORE

12:27 PM

Healthcare at new high; Lupin, Glenmark among 5 stocks for up to 15% upside

5 breakout pharma stocks: Glenmark, Lupin, Laurus Labs, Dr Lal PathLabs and Zydus Life can potentially rally up to 15 per cent, suggest charts. READ MORE

12:15 PM

Nephro Care IPO makes bumper debut on NSE SME; lists at 90% premium

Nephro Care India's IPO aimed to raise Rs 41.26 crores, consisting solely of fresh issue shares of around 4.58 million shares. The IPO's price band was set between Rs 85 and Rs 90 per share, with a minimum lot size of 1600 shares requiring an investment of Rs 1,44,000 for retail investors. READ MORE

12:01 PM

BGR Energy locks in 5% upper circuit on plans to raise up to Rs 1,000 cr

The uptick in stock price came after BGR Energy Systems Ltd announced that it plans to raise up to Rs 1,000 crore through a rights issue of equity shares. The decision was, however, approved by the company's board of directors in a meeting held on July 4. READ MORE

11:50 AM

Ahluwalia Contracts stock hits all time high on order win from AAI; up 18%

Ahluwalia Contracts (India) Ltd began its journey in 1965 as an EPC company. It was formally incorporated on June 2, 1979, acquiring the operations of four construction partnership firms the following month. By September 1990, it transitioned into a Public Limited Company. READ MORE

11:39 AM

BEML zooms 18%, hits all-time high in weak market on healthy outlook

BEML has three business verticals. In the financial year 2023-24 (FY24), Defence & Aerospace contributed 19 per cent of the total revenue, Rail Metro contributed 38 per cent, and Mining and Construction contributed 43 per cent. The company has a total order book position of Rs 11,872 crore as on March 31, 2024. READ MORE

11:24 AM

ALERT :: Zaggle Prepaid enters into an agreement with Hero Motocorp

>> Zaggle would provide Hero Motocorp Limited the Zaggle Save (Employee expense management & benefits)

>> Tie period of this agreement is from July 4, 2024 till the termination of Agreement 

11:11 AM

ALERT :: Schneider Electric in focus; stock flat