Page 1052 - Markets News
TCS shares gain after launching first Generative AI aggregator platform
The platform, which is a first in its category for the country, will remove barriers for customers to develop and launch business solutions, allowing for real-time experimentation across vendor
 "TCS shares gain after launching first Generative AI aggregator platform")
Dixon Tech stock rallies 3%, tops Rs 10K mark for first time; details here
This uptick in stock price followed the company's announcement of its intention to establish a joint venture (JV) with HKC Corporation
 "Dixon Tech stock rallies 3%, tops Rs 10K mark for first time; details here")
Tata Chemicals shares slip after UK subsidiary gets fined up to 1.1 mn euro
The incident involved a contractor who sustained injuries at one of the company's sites in the UK, tragically resulting in his passing a few weeks after being discharged
 "Tata Chemicals shares slip after UK subsidiary gets fined up to 1.1 mn euro")
Adani Ports share price soars 2% on securing Kolkata port terminal contract
The uptick in share price came after the company announced that it has secured a Letter of Intent (LoI) for operation and maintenance of container terminal at Kolkata Port
 "Adani Ports share price soars 2% on securing Kolkata port terminal contract")
Bajaj Finance stock gains 4% on IPO plans of subsidiary Bajaj Housing Fin
Shares of Bajaj Finance gained 4.1 per cent at Rs 7,201 per share on the BSE in Friday's intraday trade
 "Bajaj Finance stock gains 4% on IPO plans of subsidiary Bajaj Housing Fin")
Rate sensitive shares trade firm as RBI keeps repo rate unchanged at 6.5%
At 10:40 am; Nifty Bank, Nifty Financial Services, Nifty Private Bank, Nifty PSU Bank, Nifty Auto and Nifty Realty index were up in the range of 0.60% to 1.07%.
 "Rate sensitive shares trade firm as RBI keeps repo rate unchanged at 6.5%")
Wipro share zooms 5% on inking $500 million deal, top gainer on BSE, NSE
The share was also the top gainer on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE)
 "Wipro share zooms 5% on inking $500 million deal, top gainer on BSE, NSE")
RVNL share price rises 4% on Rs 495 cr order win; up 190% in one year
The surge came after the company secured an order worth Rs 495 crore from National Thermal Power Corporation (NTPC)
 "RVNL share price rises 4% on Rs 495 cr order win; up 190% in one year")
Nvidia impact: Mastek stock zooms 15% on heavy volumes, up 32% in 3 days
The company informed the stock exchange that it has advanced its icxPro platform with NVIDIA AI Enterprise to boost customer experience (CX) solutions powered by AI.
 "Nvidia impact: Mastek stock zooms 15% on heavy volumes, up 32% in 3 days")
5 stocks with long buildup: AU SFB, Marico, TVS Motor may surge up to 22%
Aditya Birla Fashion, AU Small Finance Bank, Metropolis, Marico and TVS Motor have seen steady rise in stock price, backed by rise in open interest, thus indicating long buildup at these counters in t
 "5 stocks with long buildup: AU SFB, Marico, TVS Motor may surge up to 22%")
Indian govt bond yields flattish as investors eye RBI guidance for cues
Bond yields shot up on Tuesday and have largely remained elevated after a weakened mandate for Prime Minister Narendra Modi's party
 "Indian govt bond yields flattish as investors eye RBI guidance for cues")
IRB Infrastructure share price soars 4% on robust May toll collection
The uptick in share price came on the back of strong toll revenue collection in May 2024
 "IRB Infrastructure share price soars 4% on robust May toll collection")
Soft US jobs data may push Gold to Rs 74000; check today's trading strategy
A soft US nonfarm payroll report will be positive for gold as it will increase the possibility of a rate cut happening as early as in July
 "Soft US jobs data may push Gold to Rs 74000; check today's trading strategy")
Insurers to invest more in private credit market: Moody's Ratings report
In a survey this week of the world's largest insurers, Moody's found that nearly 80% of respondents planned to increase their holdings in at least one class of private credit
 "Insurers to invest more in private credit market: Moody's Ratings report")
Silver outlook: Post ECB rate cut boost all eyes on US jobs data
Silver is expected to consolidate its gains ahead of the US nonfarm payroll report due Friday. Traders are expected to buy the dips, says Praveen Singh of Sharekhan by BNP Paribas.
 "Silver outlook: Post ECB rate cut boost all eyes on US jobs data")
Traders left stunned by surprise election results from India to Mexico
In India, exit polls drastically overestimated the size of victory for Modi's Bharatiya Janata Party
 "Traders left stunned by surprise election results from India to Mexico")
TBI Corn, IRB Infra, Mastek, Rites among seven stocks to watch on June 07
Stocks to watch on June 07: TBI Corn's initial public offering (IPO) is set to list on NSE SME on Friday, June 07, 2024
 "TBI Corn, IRB Infra, Mastek, Rites among seven stocks to watch on June 07")
Stocks to watch on June 07: Bajaj Fin, Wipro, ICICI Bank, PB Fintech, RVNL
Stocks to watch on June 07: Bajaj Finance's subsidiary, Bajaj Housing Finance, approved an IPO worth of Rs 4,000 crore
 "Stocks to watch on June 07: Bajaj Fin, Wipro, ICICI Bank, PB Fintech, RVNL")
Stock market guide for Jun 07: Nifty may open flat; RBI policy in focus
All you need to know before the market opens on Friday, June 07: Global markets traded with marginal gains. Shares of auto, bank and realty companies to be in focus owing to the RBI policy today.
 "Stock market guide for Jun 07: Nifty may open flat; RBI policy in focus")
Nifty IT rangebound, Auto in overbought zone; target, support levels here
The Nifty IT Index is currently trading at 34,023.80, displaying a range-bound pattern in the near term
 "Nifty IT rangebound, Auto in overbought zone; target, support levels here")