IT MAJOR
Mcap of 8 of top-10 most-valued firms jumps Rs 1.83 lakh cr; TCS, Infosys biggest gainers
The BSE benchmark rose 963.87 points, up 1.21%. Eight leading firms added Rs 1,83,290.36 crore, led by TCS, Infosys, Reliance, ICICI Bank, LIC, Hindustan Unilever, ITC, and SBI. TCS increased by Rs 38,894.44 crore, Reliance by Rs 32,611.36 crore. HDFC Bank and Bharti Airtel saw declines in market valuation.
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).
Labour Party leader Starmer thanks British voters, says people are ready for change
His speech came after Britons resoundingly voted to put an end to 14 years of Conservative rule and deliver a landslide victory for the Labour Party According to the exit poll, which is often quite close to the final tally, Labour could win as many as 410 seats, comfortably crossing the halfway 326 mark and notching up a 170-seat majority with the incumbent Tories led by Prime Minister Rishi Sunak down to just 131 seats.
Cargo traffic at 12 major Indian ports rises 6.8 pc to 69.8 MT in Jun
Cargo traffic at major Indian ports increased by 6.8% in June, with Jawaharlal Nehru Port and Cochin Port showing the highest growth. However, Mumbai Port experienced a decline. Overall, ten ports saw positive growth while two witnessed a decrease.
Olivia Dunne to try for Olympics or return to LSU? Louisiana State University gymnast sensation reveals future plans
Olivia Dunne, who is a darling of social media, has talked about participating in Olympics, a possible return to LSU and Team USA.
56-year-old Major General pulls off 25 pull-ups, what's your excuse? Watch viral video
Indian Army Major Pull-up Viral video (Google Trends): The 46-second clip shows Major General Joshi, clad in his uniform, executing the pull-ups in a gym filled with other Army personnel who count down each rep. His fellow soldiers erupt in applause as he completes the set, a testament to his commitment to physical fitness.
Major General VT Mathew takes over as General Officer Commanding of Karnataka, Kerala sub area
The General Officer is an alumnus of Sainik School Kazakkotam in Thiruvananathapuram, National Defence Academy in Khadakwasla and Indian Military Academy, Dehradun. He was commissioned into 11 MADRAS Regiment in December 1988. "In his 35 years of meritorious service the General Officer has held various important instructional, staff and UN peace keeping appoints during his service. He has been on UN Mission in Democratic Republic of Congo (MONUC) as Military Observer and was also the Chief Operational Officer, Force HQ UNISFA, Sudan," it stated.
TRADERS’ CORNER: An IT major making a comeback attempt with possible 5 % and new age stock for 6 % upswing
Select stocks are clearly showing that they are making a comeback attempt.
ZEE MD & CEO Goenka acquires majority stake in Maverick Media in personal capacity
Punit Goenka's investment in Maverick Media aims to revive single-screen cinemas in underserved tier II and tier III cities across India. Goenka emphasised the immense potential of these markets and the importance of reviving this infrastructure to expand the reach of cinema.
TRADERS’ CORNER: A radiator maker and metal major, both for swing trade of close to 6%
A midcap from different sectors getting for a short term swing trade.
Wipro share rally over 3% on US contract win
Wipro's shares surged 3.5% on BSE after winning a $500 million deal with a leading US communication service provider.
15 stock ideas from Motilal Oswal after mega BJP win prediction by exit polls
"Fundamentally, India is witnessing its own mini-Goldilocks moment with excellent macros, solid corporate earnings (Nifty ended FY24 with 25% earnings growth and FY25/26 earnings are likely to post 14-15% CAGR), focus on manufacturing, capex and infrastructure creation, and valuations at 20x one-year forward earnings," Motilal Oswal said.
How results of Lok Sabha polls will impact sensex, Nifty
According to a Bloomberg News survey of market participants, Indian stocks require Prime Minister Narendra Modi's party to secure more than 303 seats in the general election to continue their unprecedented rally. The survey, which included 32 asset managers, strategists, and dealers, suggests that a reduced majority for the ruling BJP could result in a 2% decline in the NSE Nifty 50 Index, along with potential losses in the rupee and sovereign bonds.
India’s equity rally hinges on Modi bettering 303-seat tally
Indian stocks' performance is closely tied to the Bharatiya Janata Party's election success. A Bloomberg News survey suggests that if the party wins over 303 seats, stocks could rally; otherwise, a drop is expected.
Stock Radar: Up nearly 100% in a year! This realty major is giving a Box breakout on weekly charts; time to buy?
Short-term traders can look to buy Oberoi Realty on declines for a target above Rs 1,900 levels in the next 3-4 weeks, suggest experts. The stock has been rangebound since January 2024 but found momentum earlier in May. The stock rose over 20% so far in May which helped the stock to give a breakout from the rangebound action seen from January 2024.
TRADERS’ CORNER: Coal miner set for 6% rise; IT consulting stock to soar 9%
Nifty 50 formed its low point in early minutes before moving up. But it finally ended with a loss.
TRADERS’ CORNER: 8% returns on cards from this energy major and an engineering stock
Nifty slipped into a negative zone and then adopted a strong directional bias to keep trending higher throughout the day. It closed with gain.
Stocks in news: PFC, Mankind Pharma, Patanjali Foods, Bharti Airtel, Siemens, Cipla
Benchmark equities surged for the third consecutive day on Tuesday. PFC, Mankind Pharma, Patanjali Foods, Bharti Airtel, Siemens, and Cipla are in focus for news developments and quarterly results. RVNL, Dixon, and Titagarh will also announce their fourth quarter results today.
Pharma players get active and show likelihood of 5-7% gains
Nifty opened weak but slowly gathered courage to advance. It closed with a modest gain.
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