Stock Market Highlights, June 13: Sensex, Nifty end listless session with minor gains; VIX down 6%

Stock Market Highlights on June 13: The BSE Sensex ended 204 points higher (at 76,811), while the Nifty closed 76 points up (near 23,400)

2:11 PM

Venus Remedies up 8% on order win from UNICEF for bacterial infection drug

The uptick in stock price came after the company announced that it has secured an award for its antibiotic product, Ceftriaxone 1 gm, from UNICEF. READ MORE

2:00 PM

Thomas Cook India's shares rise after CRISIL upgrades outlook to 'Positive'

The recent share price surge came after the company in an exchange filing said that its rating has been upgraded from ‘Stable’ to ‘Positive’ by the Indian rating agency CRISIL. READ MORE

1:47 PM

ALERT:: L&T arm wins 'Large' order from ONGC; stock up 1%

Larsen & Toubro in an exchange filing today said, the company's Hydrocarbon vertical (L&T Energy) has secured an order from the Oil & Natural Gas Corporation (ONGC) for Daman Upside Development Project-Wellhead Platforms & Pipelines (DUDP-WP), off India’s west coast.

L&T classifies 'Large' orders in the range of Rs 2,500 - Rs 5,000 crore.

1:42 PM

BREAKING :: Union Budget for FY25 to be likely tabled in third week of July, reports ANI

1:36 PM

Sugar stocks zoom up to 14% after official says govt considering price hike

According to reports, a senior Government official stated that the revision is likely to apply to the next sugar season and not the ongoing one. READ MORE

1:26 PM

Adani Group marks $3 bn for multiple cement acquisitions in expansion bid

Adani Cement is the second-largest cement producer in India after UltraTech Cement and is looking to capture one-fifth of the domestic cement market by FY28. READ MORE

1:17 PM

This infra stock has zoomed 80% in 7 days; Quant MF acquired 1.75% stake

OM Infra hit a record high of Rs 174 on rallying 10% on the NSE in Thursday's intra-day trade. The stock has appreciated by 29 % in two days after Quant MF purchased nearly 2% stake in the company via open market deals. READ MORE

1:07 PM

Power Mech Projects shares gain 10% post block deal worth Rs 131 cr

The recent stock price surge came after the company’s 2,77,916 shares worth Rs 131.48 crore changed hands via a block deal on NSE, according to reports. The shares were transfered at Rs 4,731 a piece.  READ MORE

12:56 PM

ALERT:: GPT Infraprojects wins Rs 26 cr order; stock up 1%

GPT Infraprojects in an exchange filing today said the company has bagged an order valued at Rs 26 crore for the supply of concrete sleepers from the factory at Ladysmith.

12:48 PM

Paytm rallies 9% on partnership with Samsung; stock up 28% in one month

The recent surge in stock price came after the company on Thursday, revealed that it has partnered with Samsung to bring travel and entertainment services to Samsung wallet in India. This will allow Samsung wallet users to have seamless access to Paytm’s flight, bus, movie and events booking services, the company said in an exchange filing. READ MORE

12:38 PM

India bond market to wait for fiscal layout clarity before next rally: Citi

Investors are likely to await clarity on India's fiscal consolidation path in the forthcoming government budget before propelling the next leg of a bond market rally, a top Citi India executive said. READ MORE

12:27 PM

Arvind share price jumps 3% after workers call off strike at Santej plant

The uptick in share price came after the company announced that the strike at Santej plant by workers demanding wage hike has been called off. READ MORE

12:16 PM

Biden win would benefit bonds, Trump better for growth: Morgan Stanley CIO

Over the last 12 to 18 months, investors have favored high-quality large-cap stocks that have seen earnings revisions, which in turn generated alpha for these stocks. READ MORE

12:14 PM

Market Check :: Here's how indices are performing at this hour

1. BSE Sensex: 76,836.17, up 229.60 points or 0.30%
    
2. Nifty50: 23,391.35, up 68.40 or 0.29%
    
3. Nifty MidCap100: 54,558.05, up 331.95 points or 0.61%
    
4. Nifty SmallCap100: 17,858.80, up 70.50 points or 0.40%

12:07 PM

Saksoft to acquire 100% equity in Augmento Labs for Rs 100 cr; stock up 15%

In an exchange filing, Saksoft said, “We wish to inform you that the company has executed a Share Purchase Agreement (Agreement) to acquire 100 per cent equity interest in Augmento Labs Private Limited (Augmento Labs) subject to the terms and conditions set out in the Agreement.” READ MORE