Buying interest extended to broader markets as well, with the Nifty Midcap 100 and Nifty Smallcap 100 indices settled higher by 0.45 per cent and 0.75 per cent, respectively
Technical analysts at SBI Securities and Choice Broking expect the Nifty to retest record highs around 26,350, and Sensex to rally toward 89,000 in an optimistic scenario.
July has also been traditionally good for foreign inflows, which aided market performance. According to data compiled from the NSDL, FPIs have been net buyers of Indian stocks in 9 out of 12 years.
A Bloomberg report said that the US and Iran are edging closer to signing an agreement to reopen the Strait of Hormuz as the Group of Seven world leaders are set to meet next week.
The ₹2,300 crore fund will be raised in one or more phases/tranches to boost the strategic and business initiatives. Further, the board decided to deliberate further on options for raising funds
Vascon Engineers has received a letter of intent from the Central Public Works Department (CPWD), Guwahati, for the demolition and redevelopment of RBI quarters
In the international market, Gold fell on Wednesday, as oil prices rose on renewed hostilities between the US and Iran, fuelling concerns about inflation and interest rate hikes.
NLC India slipped 3.7 per cent after the government exercised the oversubscription option in the ongoing OFS, taking the total offer size to 4,15,99,098
Afcons Infrastructure has received a letter of award from Vadhvan Port Project Limited (VPPL) for the construction of a 10.14 km-long breakwater at the upcoming Vadhvan Port in Maharashtra
The stock was in demand after Marsons received an order from West Bengal State Electricity Transmission Company for the repairing, 50 MVA, 132/33 KV power transformers
The Government of India, acting through the Ministry of Coal, will sell up to 3 per cent of its stake in NLC India through an OFS on BSE and NSE on June 9 and June 10, 2026
Technical analysts caution that the short-term trend for Nifty remains weak, and the index could extend the fall toward 22,800-22,700 levels in the coming sessions.
