MTNL STOCK UPDATE
Centre to pick up bond dues tab for MTNL
The government will pay MTNL bond interest, preventing a sovereign default after MTNL failed to deposit in an escrow account. Borrowers will be compensated per Department of Economic Affairs rules by July 20. MTNL's debt restructuring, involving ₹28,000-30,000 crore, includes staff transfers to BSNL and retirements. MTNL raised ₹2,480 crore in July 2023 via non-convertible debentures at 7.59% interest. The Department of Telecommunications and Beacon Trusteeship oversee payments. India Ratings downgraded MTNL to 'IND D', with a pre-default government guarantee.
From 'bhootiya bangla' to record high: PM Modi on LIC stock rally
LIC, which was struggling to cross its IPO price of Rs 949 in 2022, has now breached the Rs 1,000 mark with analysts gunning for more gains ahead on expectations of growth revival in FY25. The possibility of a steep change in dividend will continue to support its share price performance.
Stock market update: Nifty Auto index advances 1.27%
The Nifty Auto index closed 1.27 per cent up at 18593.7.
Stock market update: Nifty Pharma index advances 1.39%
The Nifty Pharma index closed 1.39 per cent up at 17763.7.
Sensex rises! But these stocks fell 5% or more in Wednesday's session
In the Nifty pack, 41 stocks closed in the green, while 9 stocks ended in the red.
Stock market update: Nifty Bank index advances 0.15%
The Nifty Bank index closed 0.15 per cent up at 45082.4.
Stock market update: Stocks that hit 52-week highs on NSE in today's trade
IFCI, Trans & Rectif, MTNL, Manaksia Aluminium and Avonmore Capital &, hit their fresh 52-week highs during the day.
Stock market update: Nifty IT index advances 1.56%
The Nifty IT index closed 1.56 per cent up at 37090.15.
Stock market update: Stocks that hit 52-week lows on NSE in today's trade
ICICI Bank, Axis Bank, Asian Paints, Adani Ports SEZ and HDFC Life were among the top losers on NSE in today's trade.
Stock market update: Nifty Realty index advances 0.24%
The Nifty Realty index closed 0.24 per cent up at 818.1.
Sensex rises! But these stocks are down 5% or more on BSE
In the Nifty pack, 41 stocks were trading in the green, while 9 stocks were trading in the red.
Stock market update: Nifty Auto index advances 0.28% in an upbeat market
The Nifty Auto index was trading 0.28 per cent up at 18411.7.
Stock market update: Nifty Bank index advances 0.93% in an upbeat market
The Nifty Bank index was trading 0.93 per cent up at 45433.85.
Stock market update: Nifty Pharma index advances 0.93% in an upbeat market
The Nifty Pharma index was trading 0.93 per cent up at 17683.95.
Stock market update: Stocks that hit 52-week highs on NSE
Sonu Infratech, Schneider, MTNL, KM Sugar Mills and Nelcast, hit their fresh 52-week highs at 10:45AM.
Sensex falls! These stocks are down 5% or more on BSE
In the Nifty pack, 17 stocks were trading in the green, while 33 stocks were trading in the red.
Stock market update: Stocks that hit 52-week lows on NSE
SBI Life, Infosys, LTIMindtree, L&T and Hero MotoCorp were among the top losers on NSE.
FII flows, global events among top 10 factors to dictate Dalal Street mood this week
Indian stock markets ended the last week of May with strong gains and have begun the June series on a positive note; the Nifty50 gained 1.63% for the week and crossed the resistance of 18,400 to close at 18,499.35. Investors are advised to remain cautious as we approach the June series expiry. Markets will take cues from Wall Street, which will remain closed on Memorial Day. The week will also bring several important domestic and global economic events for investors to track, along with the possible impact of movements in the US debt ceiling, crude oil prices, and government bond yields on market performance.
MTNL stock jumps 7% on reports that govt is looking to delist company
The stock was last trading at Rs 22.30, up 2.76% from its previous close
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