<div style="float: left;">
		<img align="" alt="stock market, BSE" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2024-01/24/full/1706083289-7624.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="stock market, BSE" width="620">
		<div style="float: left; clear: both; font-style:italic; padding: 10px 10px 10px 0px;">
		Photo: Bloomberg</div></div>

_media/bs/ado/article-speech/124061100077-1718104286780.mp3

Stock Market highlights on Tuesday, June 11, 2024: The BSE Sensex ended 33 points lower at 76,457, while the Nifty was up six points at close; Broader indices, however, settled with decent gains.

stock market, BSE

<div>
	<div>
		<strong>Closing Bell on Tuesday, June 11: </strong>A late sell-off in equities saw the benchmark BSE Sensex and the NSE Nifty erase gains and end on a flat note on Tuesday.</div>
	<br />
	<div>
		The S&P BSE Sensex hit a high of 76,861 and was up over 350 points, but eventually ended with a loss of 33 points at 76,457. The NSE Nifty 50 touched a high of 23,389, and spent most of the day above the 23,300 levels. However, the NSE benchmark index finally settled at 23,265, up six points.<br />
		<br />
		<div>
			Larsen & Toubro was the major gainer among the Sensex 30 shares. Tata Motors, Maruti, NTPC, UltraTech Cement, Tech Mahindra, Mahindra & Mahindra and Tata Steel were the other notable movers.&nbsp;</div>
		<br />
		<div>
			On the other hand, Kotak Bank and Asian Paints slipped over 1 per cent. Reliance and ITC too declined nearly 1 per cent each, and accounted for a loss of nearly 140 points on the BSE Sensex.</div>
		<br />
		<div>
			Among the broader indices - the BSE MidCap index advanced 0.7 per cent, while the SmallCap gained almost 1 per cent.&nbsp;</div>
		<br />
		<div>
			The overall breadth too was fairly positive, with 2,468 stocks advancing on the BSE as against 1,390 declining shares.</div>
		<br />
		&nbsp;</div>
</div>
<br />

Stock Market Highlights, June 11: Sensex, Nifty end flat on late sell-off; RIL, ITC weigh

Business Standard

Stock Market Highlights, June 11: Sensex, Nifty end flat on late sell-off; RIL, ITC weigh | News on Markets - Business Standard

Will the stock market rise or fall on Tuesday? Here's all you need to know

<div>
	<strong>Pre-stock market update for Tuesday, June 11, 2024: </strong>Equity benchmark indices may look to consolidate on Tuesday following the recent sharp gains ahead of this week&rsquo;s US Federal Reserve rate decision meeting. The focus will be on the likely projections for the number for rate cuts in 2024.</div>
<div>
	<br />
	According to reports, Economists at Citi expect three rate cuts of 25 bps each in September, November and December. However, a section of the market fears that given the stubbornly high inflation, the Fed may hint at two rate cuts in 2024 as against three hinted at in the month of March. <a href="https://www.business-standard.com/markets/news/will-the-stock-market-rise-or-fall-on-tuesday-here-s-all-you-need-to-know-124061100067_1.html" target="_blank"><strong>Read more</strong></a></div>

Gift Nifty futures suggest a volatile opening

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/17180719419683.jpg

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/17180717543215.jpg

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/17180715193131.jpg

Good morning readers! Catch all the market live updates here

Broader market check:: MidCap, SmallCap indices outrun benchmark Nifty; VIX dips 10%

Sensex Heatmap:: L&T, auto stocks shine; RIL, ITC whine

Closing Bell: NSE Nifty setlled 6 pts higher at 23,265

Closing Bell: BSE Sensex ends 33 pts lower at 76,457

ONGC, Oil India surge up to 8% amid heavy volume on positive outlook

Analysts at Emkay maintain positive view on B2B oil &amp; gas, as reforms wrt the USD75/bbl assured post windfall tax oil realization and the USD6.5/mmbtu gas realization are unlikely to change. <a href="https://www.business-standard.com/markets/news/ongc-oil-india-surge-up-to-8-amid-heavy-volume-on-positive-outlook-124061100567_1.html?1718099039" target="_blank"><strong>READ MORE</strong></a><br />
<br />
<div style="float: left; max-width: 600px;">
	<img align="" alt="ONGC" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2020-02/19/full/1582050794-7585.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="ONGC" width="620" /></div>
<br />

NBCC share price jumps 11% on multiple new orders; key details here

Shares of NBCC surged by 11 per cent at Rs 158 per share on the BSE in Tuesday&#39;s intraday trade. The shares of the company have zoomed 98.14 per cent in the last six months. <a href="https://www.business-standard.com/markets/news/nbcc-share-price-hikes-11-on-multiple-new-orders-key-details-here-124061100539_1.html" target="_blank"><strong>READ MORE</strong></a><br />
<br />
<div style="float: left; max-width: 600px;">
	<img align="" alt="Stock broker" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/misc/2020-12/22/full/stock-broker-1608620310-52982820.png" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="Stock broker" width="620" /></div>
<br />

Persistent up 2% on deal with Google Cloud to drive innovative solutions

The uptick in share price came after the IT major announced that it has entered into a long-term strategic partnership agreement with Google Cloud, to drive innovative solutions. <a href="https://www.business-standard.com/markets/news/persistent-up-2-on-deal-with-google-cloud-to-drive-innovative-solutions-124061100487_1.html?1718094595" target="_blank"><strong>READ MORE</strong></a><br />
<br />
<div style="float: left; max-width: 600px;">
	<img align="" alt="A broker laughs while speaking to a colleague, as they trade on their computer terminals at a stock brokerage firm in Mumbai" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2016-03/02/full/1456909638-8434.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="A broker laughs while speaking to a colleague, as they trade on their computer terminals at a stock brokerage firm in Mumbai" width="620" /></div>

This Tata group stock has zoomed over 100% since April; do you own it?

Shares of Tejas Networks (Tejas) hit a record high of Rs 1,413.70 as they rallied 10 per cent on the BSE in Tuesday&#39;s intraday trade on a healthy outlook. In the past four trading days, the stock of the Tata group company has bounced back 40 per cent from its recent low of Rs 1,007.60 touched on Wednesday, June 6. <a href="https://www.business-standard.com/markets/news/this-tata-group-stock-has-zoomed-over-100-since-april-124061100468_1.html?1718094451" target="_blank"><strong>READ MORE</strong></a><br />
<br />
<div style="float: left; max-width: 600px;">
	<img align="" alt="Sensex, Nifty, stock brokers" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-04/05/full/1680686226-6079.jpg" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 600px; height: 450px;" title="Sensex, Nifty, stock brokers" /></div>

RailTel share gains 10% in two days on receiving new orders; details here

Shares of RailTel Corporation of India surged by 8.8 per cent at Rs 418.50 per share on the BSE in Tuesday&#39;s intraday trade. The stock extended its rally from the previous day. <a href="https://www.business-standard.com/markets/news/railtel-share-price-gains-9-on-receiving-new-order-from-defense-ministry-124061100456_1.html?1718092746" target="_blank"><strong>READ MORE</strong></a><br />
<br />
<div style="float: left; max-width: 600px;">
	<img align="" alt="Soon, recharge mobiles, pay bills at 'RailWire' kiosks in 200 stations" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-01/06/full/1641460151-4175.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="RailTel" width="620" /></div>
<br />

Aavas, HUDCO: Shares of housing finance firms zoom up to 11%; here's why

<div>
	Affordable Housing remains a focused segment with high operational intensity and companies with mono-product focus can deliver better outcomes in the long run. <a href="https://www.business-standard.com/markets/news/aavas-hudco-shares-of-housing-finance-firms-zoom-up-to-11-here-s-why-124061100348_1.html?1718089637" target="_blank"><strong>READ MORE</strong></a><br />
	<br />
	<div style="float: left; max-width: 600px;">
		<img align="" alt="affordable housing" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/article/2024-01/28/full/1706461613-1181.jpg" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 600px; height: 401px;" title="affordable housing" /></div>
</div>
<br />

Tata Motors turns net debt free in FY24; shares recover 2.5% from lows

Automaker Tata Motors&#39; shares bounced 2.5 per cent from lows after the company said it has achieved net debt-free status for the financial year 2024 (FY2024). <a href="https://www.business-standard.com/markets/news/tata-motors-turns-net-debt-free-in-fy24-shares-recover-2-5-from-lows-124061100355_1.html?1718089637" target="_blank"><strong>READ MORE</strong></a><br />
<br />
<div style="float: left; max-width: 600px;">
	<img align="" alt="Tata Motors to hike prices of commercial vehicles by 2-2.5% from Apr 1" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-03/22/full/1647943041-0077.jpg" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 600px; height: 449px;" title="Tata Motors Commercial Vehicle" /></div>
<br />

Gopal Snacks zooms on new product launch; stock falls 17% from issue price

Shares of Gopal Snacks surged by 3.1 per cent at Rs 331.10 per share on the BSE in Tuesday&rsquo;s intraday trade. The stock, however, has slipped 17.4 per cent from its issue price in the last three months. The FMCG company got listed on BSE and NSE on March 14, 2024.&nbsp; <a href="https://www.business-standard.com/markets/news/gopal-snacks-zooms-on-new-product-launch-stock-falls-17-from-issue-price-124061100356_1.html?1718089637" target="_blank"><strong>READ MORE</strong></a><br />
<br />
<div style="float: left; max-width: 600px;">
	<img align="" alt="Sensex" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-12/16/full/1671165580-2522.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="Sensex" width="620" /></div>
<br />

Tata Chemicals share price jumps 3% after ANSAC raises soda ash prices

Shares of Tata Chemicals soared by 3.1 per cent at Rs 1,120 per share on the BSE in Tuesday&rsquo;s intraday trade. This came after a US based distributor American Natural Soda Ash Corporation (ANSAC) hiked prices of soda ash. Soda ash is a key product for Tata Chemicals.&nbsp; <a href="https://www.business-standard.com/markets/news/tata-chemicals-share-price-jumps-3-after-ansac-raises-soda-ash-prices-124061100300_1.html?1718086247" target="_blank"><strong>READ MORE</strong></a><br />
<br />
<div style="float: left; max-width: 600px;">
	<img align="" alt="Photo: Bloomberg" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2021-01/12/full/1610444556-5286.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="tata chemicals" width="620" /></div>

This infra stock has zoomed over 100% in 1 year; Elara sees more upside

Hindustan Construction Company rallied 15% to Rs 45.62 amid heavy volumes as Elara Capital initiated coverage on the stock with a &#39;Buy&#39; rating. <a href="https://www.business-standard.com/markets/news/this-infra-stock-has-zoomed-over-100-in-1-year-elara-sees-more-upside-124061100256_1.html?1718086021" target="_blank"><strong>READ MORE</strong></a><br />
<br />
<div style="float: left; max-width: 600px;">
	<img align="" alt="road construction" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2020-10/15/full/1602781760-0951.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="road construction" width="620" /></div>

Paytm, Zomato: Key levels to track on new-age stocks amid F&O entry buzz

<div>
	New-age stocks such as PolicyBazaar, Nykaa and Delhivery too may be included in the F&amp;O segment as Sebi proposes key changes in stock selection. <a href="https://mybs.in/2dWauiF" rel="nofollow" target="_blank"><strong>READ MORE</strong></a><br />
	<br />
	<div style="float: left; max-width: 600px;">
		<img align="" alt="markets, IPO market" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-12/18/full/1671370473-8291.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="markets, IPO market" width="620" /></div>
</div>
<div>
	&nbsp;</div>

Repco Home shares drop over 2% on CFO resignation; up 28% in 3 months

The fall came after the company announced that K Lakshmi tendered her resignation as chief financial officer (CFO). <a href="https://www.business-standard.com/markets/news/repco-home-shares-drop-over-2-on-cfo-resignation-up-28-in-3-months-124061100278_1.html?1718086021" target="_blank"><strong>READ MORE</strong></a><br />
<br />
<div style="float: left; max-width: 600px;">
	<img align="" alt="Stock brokers" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2020-06/03/full/1591167883-5176.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="Stock brokers" width="620" /></div>

Block deal: Mamaearth slides 5% after 6.6 mn shares change hands

Shares of Honasa Consumer, parent company of Mamaearth dropped by 4.8 per cent at Rs 435.05 per share on the BSE in Tuesday&#39;s early morning trades. <a href="https://www.business-standard.com/markets/news/block-deal-mamaearth-slides-5-after-6-6-mn-shares-change-hands-124061100241_1.html?1718086021" target="_blank"><strong>READ MORE</strong></a><br />
<br />
<div style="float: left; max-width: 600px;">
	<img align="" alt="Mamaearth" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-11/02/full/1698945152-05.jpg" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 600px; height: 336px;" title="Mamaearth" /></div>
<br />

Stable govt, policy continuity, Budget: Why Nomura is positive on India

The confidence stems from the Narendra Modi-led NDA government taking charge at the Centre which, Nomura believes, appears to be stable, primarily due to the major number of seats held by the Bharatiya Janata Party (BJP) in the coalition government. <a href="https://www.business-standard.com/markets/news/sable-govt-policy-continuity-budget-why-nomura-is-positive-on-india-124061100226_1.html?1718083028" target="_blank"><strong>READ MORE</strong></a><br />
<div style="float: left; max-width: 600px;">
	<img align="" alt="" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-09/25/full/1695630380-8665.jpg" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 600px; height: 400px;" title="" /></div>
<br />

These 3 F&O stocks have seen up to 35% long buildup; trading guide here

Amid the market rally, one out of every three futures &amp; options stocks has gained more than 10 per cent during this period, with Aditya Birla Fashion Retail, Chambal Fertilisers and Ramco Cements leading the pack with gains in excess of 20 per cent each. <a href="https://www.business-standard.com/markets/news/these-3-f-o-stocks-have-seen-up-to-35-long-buildup-trading-guide-here-124061100140_1.html?1718078537" target="_blank"><strong>READ MORE</strong></a><br />
<div style="float: left;">
	<img align="" alt="" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/article/2024-05/02/full/1714671503-9203.jpg" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 600px; height: 352px;" title="" /></div>
<br />

Broader markets :: SmallCaps extend outperformance over benchmarks

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/17180780439239.png

Sensex Heatmap :: Financials, consumer stocks weigh on benchmarks

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/17180778957809.png

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/17180777818172.png

Opening Bell :: Sensex in red in early deals

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/17180777223572.png

Pre-Open Session :: Sensex adds nearly 200 pts

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/17180772093746.png

Currency Update :: Rupee opens at 83.48/$ vs Monday's close of 83.51/$

Monsoon, higher prices expected to aid recovery in agrochemical stocks

The stocks of companies manufacturing agricultural chemicals have seen a rally over the last 10 days due to expectations that a favourable monsoon, higher crop prices, and government steps to boost rural economy will aid the sector.<br />
<br />
Higher demand and improved volumes are expected to help the companies liquidate excess inventory. Given the positive sentiment, the largest listed players in the sector have gained 10 per cent on aggregate since the start of the month compared to the flat performance of benchmark indices. <a href="https://www.business-standard.com/markets/news/monsoon-higher-prices-expected-to-aid-recovery-in-agrochemical-stocks-124061100097_1.html" target="_blank"><strong>Read more</strong></a><br />
<div style="float: left;">
	<img align="" alt="agrochemicals" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2018-04/01/full/1522594684-2781.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="agrochemicals" width="620" /></div>
<br />

Comment: Equity mutual funds behind bull market

<div>
	A strong pillar of support for this bull market has been the mutual fund industry which is witnessing sustained inflows. The Rs 34697 crore net inflows into equity funds in May and monthly SIP inflows touching Rs 20904 in May indicate that this domestic support to the market will continue despite the FII selling. FIIs turning buyers during the last two days and covering their shorts will support the market in the near-term.</div>
<div>
	&nbsp;</div>
<div>
	BJP keeping the key portfolios signals continuity in policies. This is a positive from the market perspective. From the fundamental perspective, the 25 per cent increase in corporate profitability in FY24 augurs well for the market.<br />
	<br />
	<em>(Comment by: Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services)</em></div>
<div>
	&nbsp;</div>

Sebi's proposed tweaks likely to lead to big churn in F&O stocks

<div>
	The market regulator&rsquo;s newly proposed selection criteria for the over Rs 400-trillion-a-day futures and options (F&amp;O) market could pave the way for the entry of popular stocks such as Life Insurance Corporation (LIC) of India, Jio Financial Services, Zomato, Paytm, DMart, and Adani Energy into the derivatives segment.</div>
<div>
	<br />
	The Indian derivatives market, which accounts for most of the trading volumes, could see big churn with over two dozen exits from the current list of 182 stocks due to an upward revision in the eligibility thresholds. <a href="https://www.business-standard.com/markets/news/sebi-s-proposed-tweaks-likely-to-lead-to-big-churn-in-f-o-stocks-124061000869_1.html" target="_blank"><strong>Read more</strong></a><br />
	<div style="float: left;">
		<img align="" alt="Sebi, Securities and Exchange Board of India" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-03/27/full/1679902796-5466.jpg" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 600px; height: 424px;" title="Sebi, Securities and Exchange Board of India" /></div>
</div>
<br />

Bank of India acquires over 6% stake in recently incorporated CCIL IFSC

<div>
	State-owned Bank of India on Monday said it has acquired a 6.125 per cent stake in the recently incorporated CCIL IFSC, listed in GIFT SEZ, reflecting its commitment to the growth of IFSC.</div>
<div>
	<br />
	The announcement was made by Bank of India&#39;s Executive Director (International Operations) Subrat Kumar in GIFT City while speaking at an event to mark the first anniversary of the bank&#39;s IFSC Banking Unit in GIFT City. <a href="https://www.business-standard.com/companies/news/bank-of-india-acquires-over-6-stake-in-recently-incorporated-ccil-ifsc-124061001007_1.html" target="_blank"><strong>Read more</strong></a><br />
	<div style="float: left; max-width: 600px;">
		<img align="" alt="Mergers and acquisitions, M&amp;A, deals" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/article/2024-05/08/full/1715141532-6314.jpg" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 600px; height: 400px;" title="Mergers and acquisitions, M&amp;A, deals" /></div>
</div>
<br />

Stocks to Watch, June 11: IndiGo, Siemens India, PTC Industries, APL Apollo

<div>
	<strong>InterGlobe Aviation:</strong> Rahul Bhatia&#39;s promoter entity, InterGlobe Enterprises, is expected to off load around 2 per cent stake in the company through a block deal on Tuesday, reports said. The stake sale value may be worth around $394 million, where the promoter could sell 7.7 million shares at a likely floor price of Rs 4,266 apiece.</div>
<div>
	<br />
	<strong>RVNL, Siemens India: </strong>The consortium of Siemens-RVNL has received a Letter of Acceptance (LoA) from Bangalore Metro Rail Corporation Ltd. for engineering, supply, erection, testing and, commissioning of 33 KV Distribution, 750V DC Third Rail Traction Electrification including Traction Substations, Auxiliary Substations and SCADA System for Phase-2A &amp; Phase 2 B.The project is worth Rs 394.2 crore.</div>
<div>
	<br />
	<strong>PTC Industries: </strong>The company has partnerd with leading entities under the DTIS scheme in the Indian Defence and Aerospace sector to advance the &#39;Make in India&#39; initiative. <a href="https://www.business-standard.com/markets/news/stocks-to-watch-june-11-indigo-siemens-india-ptc-industries-apl-apollo-124061100083_1.html" target="_blank"><strong>Read more</strong></a><br />
	<div style="float: left; max-width: 600px;">
		<img align="" alt="indigo airlines, indigo" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/article/2024-05/23/full/1716447242-0556.JPG" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 600px; height: 400px;" title="indigo airlines, indigo" /></div>
</div>
<br />

Buzzing: IRB Infra block deal, Vi Board meet, RVNL, Raymond order win

<div>
	<em>Here&#39;s a list of stocks to watch on Tuesday, June 11:</em></div>
<div>
	<br />
	<strong>IRB Infrastructure Developers:&nbsp;</strong>Cintra, a subsidiary of Dutch headquartered infrastructure major Ferrovial, will likely sell around 5 per cent stake in IRB Infra on Tuesday. According to reports, it aims to raise around $228 million via the block deal, which has fixed the floor price around Rs 63 apiece -- 10 per cent lower than the closing price of IRB Infra on June 10 (Rs 70.15 per share).<br />
	&nbsp;</div>
<div>
	<strong>Vodafone Idea:&nbsp;</strong>The Board of Directors of the telecom company will meet on Thursday, June 13, to decide on a proposal to issue equity shares or convertible securities on a preferential basis to vendors, the company said in an exchange filing.<br />
	&nbsp;</div>
<div>
	<strong>Raymond:</strong> Raymond Realty, the real estate arm of Raymond Group, has been selected for the redevelopment of residential project - MIG VI CHS Ltd situated in Bandra East, Mumbai. It is estimated to generate a revenue of more than Rs 2,000 crore over the project period. <a href="https://www.business-standard.com/markets/news/buzzing-irb-infra-block-deal-vi-board-meet-rvnl-raymond-order-win-124061100085_1.html" target="_blank"><strong>Read more</strong></a></div>

Price hike, capex moderation key for further gains in Bharti Airtel stock

<div>
	From its lows this month, the stock of Bharti Airtel is up 14 per cent. The gains for the telco have come on the back of expectations that market share consolidation, tariff hike and lower capex should boost margins and profits.&nbsp;</div>
<div>
	<br />
	While the company is a key player in the Indian market, it also has a leadership position in major markets of Africa. The company has 140 million subscribers in Africa spread across 14 countries. <a href="https://www.business-standard.com/markets/news/price-hike-capex-moderation-key-for-further-gains-in-bharti-airtel-stock-124061000484_1.html" target="_blank"><strong>Read more</strong></a><br />
	<div style="float: left; max-width: 600px;">
		<img align="" alt="Airtel, Bharti Airtel" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/article/2024-04/12/full/1712888684-085.jpg" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 600px; height: 400px;" title="Airtel, Bharti Airtel" /></div>
</div>
<br />

Buy ideas for June 11: Apollo Hospitals, Infy, Divi's Labs; key levels here

<div>
	<strong>Apollo Hospitals</strong></div>
<div>
	Recently, Apollo Hospitals has shown a bullish divergence on the 4-hour chart, indicating a potential reversal from a downtrend to an uptrend. This divergence is accompanied by the price action rising above the 21-period Simple Moving Average (SMA), which further strengthens the signal of a trend change. <a href="https://www.business-standard.com/markets/news/buy-ideas-for-june-11-apollo-hospitals-infy-divi-s-labs-key-levels-here-124061100059_1.html" target="_blank"><strong>Read more</strong></a><br />
	<div style="float: left; max-width: 600px;">
		<img align="" alt="stock, markets, stocks, equity, shares, bse, fund, mutual fund stock picks" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-03/07/full/1678207723-6934.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="stock, markets, stocks, equity, shares, bse, fund, mutual fund stock picks" width="620" /></div>
</div>
<br />

Buy & Sell: Top picks by Sharekhan for June 11; check key levels here

<div>
	<strong>Jubilant FoodWorks</strong><br />
	&nbsp;</div>
<div>
	Jubilant FoodWorks has been in a short term uptrend. After a sharp run up, the stock has been consolidating and has reverted to its 40 hour moving average Rs 514 (support). The hourly moving average has reached the equilibrium line and can start a new cycle on the upside. The consolidation appears matured and can resume its upmove.&nbsp;</div>
<div>
	<br />
	The Jubilant FoodWorks stock is likely to test the previous swing high of Rs 543, and can extend towards Rs 549 from a short-term perspective. A stop loss of Rs 507 should be kept for the long positions. <a href="https://www.business-standard.com/markets/news/buy-sell-top-picks-by-sharekhan-for-june-11-check-key-levels-here-124061100056_1.html" target="_blank"><strong>Read more</strong></a><br />
	<div style="float: left; max-width: 600px;">
		<img align="" alt="Stocks, shares, stock maket" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-04/04/full/1680624965-149.jpg" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 600px; height: 400px;" title="Stocks, shares, stock maket" /></div>
</div>
<br />

Nifty PSU Bank bearish, Fin Svcs rangebound on charts; here's how to trade

<div>
	<strong>Nifty PSU Banks Index Analysis</strong></div>
<div>
	<br />
	The Nifty PSU Banks Index is currently showing signs of potential underperformance, making a bearish trading strategy favourable in the near term.&nbsp;</div>
<div>
	The index is close to a critical resistance level, and the best approach would be to sell either at the current market price (CMP) or on any upward movements. It is essential to implement a strict stop-loss at 7450 on a closing basis to manage risk effectively. <a href="https://www.business-standard.com/markets/news/nifty-psu-bank-bearish-fin-svcs-rangebound-on-charts-here-how-to-trade-124061100058_1.html" target="_blank"><strong>Read more</strong></a><br />
	<div style="float: left; max-width: 600px;">
		<img align="" alt="bank recapitalisation, psu banks" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/article/2020-12/28/full/1609095103-1257.jpg" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 600px; height: 400px;" title="bank recapitalisation, psu banks" /></div>
</div>
<br />

Stock Market Highlights, June 11: Sensex, Nifty end flat on late sell-off; RIL, ITC weigh

Stock Market highlights on Tuesday, June 11, 2024: The BSE Sensex ended 33 points lower at 76,457, while the Nifty was up six points at close; Broader indices, however, settled with decent gains.

Will the stock market rise or fall on Tuesday? Here's all you need to know

Gift Nifty futures suggest a volatile opening

Asian markets mixed on Tuesday morning

US market settles higher on Monday

Good morning readers! Catch all the market live updates here

Explore News