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Block deals worth over Rs 9,947 crore this week. HDFC Bank, Infosys, Adani Ports among stocks with major action

In the large cap segment, 15 companies witnessed significant block deals worth Rs 5,725 crore led by HDFC Bank with 43 block counts totalling to Rs 2,446 crore. The next in line were Adani Ports and Special Economic Zone (Rs 469 crore), Godrej Consumer (Rs 421 crore), TVS Motor Company (358 crore), Infosys (Rs 339 crore), Interglobe Aviation (Indigo, Rs 288 crore) and Maruti Suzuki (Rs 218 crore).

RIL, M&M contribute nearly 3,000 points to the 10K rally of Sensex

Reliance Industries was the top contributor adding 1,927 points. The country’s largest company by revenue and market capitalisation gained 26.3% since December 11, 2023 when the Sensex had touched 70,000 for the first time.

M&M, Power Grid, 11 other stocks outperform Sensex in its fastest 10,000 points marathon

As a NEWS EDITOR, investors are urged by Nilesh Shah to maintain a long-term perspective and proper asset allocation as Sensex reaches the 80,000 milestone. He draws parallels with Nasdaq's history and notes Gold's outperformance compared to Nifty in the first half of 2024.

Vi follows Jio, Airtel to raise tariffs; new plans effective July 4

Vodafone Idea has launched new plans for prepaid and postpaid customers starting July 4, 2024, following Jio and Airtel's footsteps. The changes are minimal, aligning higher prices with increased usage, and Vi aims to provide simple, comprehensive plans.

Extent and frequency of tariff revisions crucial for financial health of telcos

Following the increase in tariffs, the stock of Reliance Industries rose by 2.3% on Friday to close at Rs 3,131.9. On the other hand, stocks of Bharti Airtel and VIL were under pressure, falling by 1.8% to Rs 1,445.4 and by 3.4% to Rs 17.9 in that order amid profit booking after a recent surge in their prices.

Share market update: Most active stocks of the day in terms of traded value

The NSE Nifty index closed 33.91 points down at 24010.6

Share market update: Most active stocks of the day in terms of total traded value

The NSE Nifty index was trading 118.5 points up at 24163.0

Sensex, Nifty hit fresh peaks once again; telecom stocks in focus

The market showcases strong performance in diverse segments, with small-cap, mid-cap, and micro-cap stocks leading the positive momentum. Sectors like metal, pharma, and PSU banks also demonstrate resilience, marking a significant uptick in trading values amid the current market scenario.

Share market update: Most active stocks of the day in terms of traded value

The NSE Nifty index closed 175.71 points up at 24044.5

Bharti Airtel, Jio target share price pricing in 15-20% tariff hike: Gaurav Malhotra

In terms of valuations, telecom stocks have moved up and are trading a little bit ahead of their long-term averages, says Gaurav Malhotra. He says the Street is quite positively viewing this whole tariff increase. Do note that the last major increase happened in 2021, so it has almost been three years since the last increase happened.

ITC, Bharti Airtel’s weight may go up in Nifty rejig. $95 million passive inflows expected

​ITC and Bharti Airtel’s weights in Nifty is expected to go up in the quarterly rejig which gets into effect on Thursday, triggering combined inflows of $95 million according to estimates by Nuvama.

ICICI Bank tops UBS to become 18th most valuable lender globally

HDFC Bank's recent market surge has propelled it to become the 18th most valuable bank globally, surpassing UBS. This intraday surge boosted HDFC Bank's market capitalization to over $162 billion, making it the second most valuable lender in India after ICICI Bank.

Block deals worth over Rs 40,543 crore this week. Indus Towers, HAL, Suzlon Energy among stocks with major action

Despite the Nifty index closing the shortened trading week with a slight increase of 0.4%, significant activity was observed in block deals. Over three dozen companies across various market caps saw block deals worth a total of ₹40,543 crore, involving both buying and selling.

Vi completes minimum 5G rollout requirements

Vodafone Idea (Vi) has announced completion of its Minimum Rollout Obligations (MRO) across all 17 circles where it acquired 5G spectrum in August 2022. This step is essential for commencing 5G services, although Vi has yet to announce detailed rollout plans due to financial constraints. Unlike its competitors Reliance Jio and Bharti Airtel, which have almost completed nationwide 5G rollouts, Vi plans to gradually expand its network starting with equipment orders to vendors like Nokia and Ericsson.

Adani Ports to enter Sensex on Monday, Wipro to exit as part of semi-annual rejig

Adani Ports’ Sensex inclusion will trigger passive inflows of $259 million and 14.9 million shares are expected to be added, according to Nuvama’s estimates. Wipro’s exclusion could see outflows of $170 million.

Share market update: Most active stocks of the day in terms of traded value

The NSE Nifty index closed 65.91 points down at 23501.1

Vodafone sells 18% stake in Indus Towers for Rs 15,300 crore to repay debt

Vodafone PLC said it has sold 484.7 million shares in Indus Towers and raised Rs 15,300 crore (€1.7 billion) in gross proceeds which will be used to repay debt. Shares of Indus Towers fell 6% to Rs 320.60, while Vodafone Idea stock were trading 2% higher at Rs 17.25.

Bharti Airtel hikes stake by 1% in Indus Towers as Vodafone offloads stake

On Wednesday, telecom operator Bharti Airtel increased its stake in Indus Towers by 1% through purchases in large block deals from the open market. This move comes as Vodafone PLC sold off 19% of its equity in Indus Towers in significant transactions.

These 3 stocks closed crossing above VWAP on June 18

Airtel prepays Rs 7,904 crore to clear 2012, 2015 spectrum dues

Bharti Airtel has prepaid Rs 7,904 crore to the telecom department, clearing the remaining part of the payment relating to spectrum bought in 2012 and 2015 auctions. This move will lead to interest cost savings and help Airtel save on interest costs annually and boost cash flows as its nation-wide 5G rollout nears completion.

Bharti Airtel, Bajaj Auto among 6 Nifty50 stocks that hit new 52-week highs on Wednesday

Indian shares traded higher on Wednesday, boosted by gains in U.S. interest rate-sensitive IT stocks ahead of the U.S. inflation reading and the Federal Reserve's updated rate projections. Meanwhile, in today's trading session, six stocks from the Nifty50 index hit a new 52-week high. Here's the list:

Positive Breakout: These 7 stocks close cross above their 200 DMA

Tata Steel, UltraTech Cement among 6 Nifty50 stocks that touch new 52-week highs on Monday

Indian shares eased after hitting record highs on Monday as a drop in information technology stocks due to U.S. rate cut concerns capped gains, a day after Prime Minister Narendra Modi was sworn in for a rare third term. However, in today's trading session, six stocks from the Nifty50 index hit a new 52-week high. Here's the list: