Stock market LIVE updates: The broader markets suffered more losses than the frontline indices. The BSE MidCap and SmallCap indices shed 0.5 and 0.7 per cent, respectively.
Star Health quoted lower for 12th straight trading day and has slipped 31 per cent to Rs 488.5 from Rs 703.35 that it had touched on June 14, 2022
Stocks to watch today: HDFC, slated to merge with HDFC Bank, raised Rs 4,000 crore through a paper with a maturity of 21 months; Jet Airways plans to lease 6 to 8 planes as part of re-launch.
CLOSING BELL: The Nifty IT, Bank, and FMCG indices dropped over 1 per cent each
In the past five days, the stock price of Chennai-based auto-maker soared over 10 per cent, as against 1.6 per cent rise in the S&P BSE Sensex.
Hero MotoCorp, Maruti Suzuki, M&M, Bosch and TVS Motor gain up to 13% in a week
While the food prices continue to remain high, the company believes that a better compensation for farmers would create a positive sentiment and lift demand for tractors and agri-implements
CLOSING BELL: In the broader markets, the Nifty MidCap100 and SmallCap100 indices fell up to 1.6 per cent.
At 10:26 AM, the stock of Biocon was down 3 per cent at Rs 316.10, as compared to 1 per cent decline in the S&P BSE Sensex
Stocks to watch today: Bajaj Finance has raised fixed deposit rates by up to 20 basis points; Zydus Lifesciences will open its share buyback offer on June 23 and close on July 6.
LIC's stock traded at its lowest level since market debut on May 17, 2022
CLOSING BELL: The top laggards were Bajaj Finserv, IndusInd Bank, Bajaj Finance, Hindalco, Tech M, Tata Motors, ICICI Bank, Adani Ports, NTPC, and TCS
Stocks to watch today: Dhanlaxmi bank saw no outcome or resolution in their EGM meeting; Media stocks are expected to hog limelight ahead of day 2 of IPL's media rights auction.
Stocks to Watch Today: Bajaj Auto to consider share buyback on June 14 after 22 years; The 30-day lock-in period for anchor investments in LIC IPO ends on June 13.
CLOSING BELL: Dr Reddy's Labs, Reliance Industries, Bharti Airtel, Sun Pharma, Tech M, and Infosys were the top large-cap gainers
The RBI today raised the repo rate to 4.9 per cent, up from 4.4 per cent. The Central Bank also raised consumer price (CPI) or retail inflation forecast for FY23 to 6.7 per cent from 5.7 per cent.
On June 1, 2022, BATA (BN) B V, the promoter of Bata India, divested 3.6 million shares or 2.8 per cent stake of the footwear company for nearly Rs 613 crore through open market transactions.
CLOSING BELL: The NSE Nifty50, held the crucial 16,400-mark to shut shop at 16,416, down 153 points
Muted business growth in two years coupled with higher claims led by covid-19 resulted in the recent underperformance.
As of 1:44 PM, the trading volumes on the counter more-than-doubled as 6.05 million equity shares representing 5.4 per cent of the company's total equity changed hands on the NSE and BSE.