SURGE

Ensure there is no abnormal surge in airfares for Delhi flights, govt tells airlines

The civil aviation ministry has requested airlines to avoid an abnormal surge in airfares for flights to and from Delhi due to the suspension of operations at Delhi airport's Terminal 1 following a roof collapse incident. The closure has led to flight cancellations and operations being shifted to Terminals 2 and 3.

CDSL to consider bonus share issue on July 2, stock surges 16%

CDSL Share Price: The record date for CDSL's bonus is yet to be determined. Based on the available information, this will mark the first instance of the company issuing bonus shares to its shareholders.

Is the US facing a surge in COVID-19 cases? Symptoms, variants, vaccines and other details

The US is facing a summer surge in COVID-19 cases. The new variants are spreading and this has yet again raised the importance of taking precautions.

CSB Bank shares surge 7% as FIH Mauritius likely offloads stake via block deal

Shares of CSB Bank, headquartered in Kerala, surged by 7% during the early trading session on the BSE, reaching Rs 382.10 per share. This increase followed news of investment firm FIH Mauritius selling a significant 9.6% stake in the bank through a block deal. The transaction, managed by IIFL, involved the sale of 1.68 crore shares of CSB Bank at a price of Rs 352.40 per share, reflecting a 1% discount to the previous day's closing price of Rs 355.95.

Nvidia shares surge nearly 7%, bouncing after $430 billion market slump

Nvidia's shares finished at $126.09, after a tumble that saw them lose around 13% from their June 18 close of $135.58. The drop followed a rally that accelerated after a 10-for-1 stock split that took effect on June 10.

Delta Corp shares surge 15% on GST cut hopes

Shares of Delta Corp, the sole listed company in India's casino gaming industry, saw a significant surge of nearly 15%. This increase in stock price came amidst expectations that the Goods and Services Tax (GST) Council might review the tax structure applicable to online gaming in its upcoming meeting scheduled for June 22.

Paytm shares fall 3% amid reports of talks to sell movie ticketing business to Zomato

If the deal goes through, it will be among the largest buyouts for Zomato after it acquired Uber Eats in 2020 and took over quick commerce platform Blinkit in 2021 in an all-stock deal valued at Rs 4,447 crore.

Paytm deal could be Zomato's largest buyout after Uber Eats, Blinkit | Key points

Adani Ports tops global peers in market value as cargoes surge

Adani Ports & Special Economic Zone Ltd.’s market capitalization has climbed to about $37 billion, overtaking peer Beijing-Shanghai High-Speed Railway Co. Rising cargoes and entry into India’s benchmark S&P BSE Sensex Index may extend its rally.

Sobha shares climb over 7% after board approves Rs 2,000 crore right issue

Sobha's shares surged 7% to Rs 2,219 on BSE after announcing a Rs 2,000 crore rights issue at Rs 1,651/share (20% discount). Issue opens June 28, closes July 4.

EIH Associated Hotels shares rally 17% ahead of bonus shares issue plan

EIH Associated Hotels surged 17% to Rs 845 on BSE as it plans to issue bonus shares. The company's strong performance is evident from Trendlyne data. It is part of The Oberoi Group, known for luxury hotels and various services.

KEC International shares jump 8% on winning order worth Rs 1,061 crore

KEC International's share price rose by 8% to Rs 829 after securing new orders worth Rs 1,061 crore. The company's YTD order intake is over Rs 3,000 crores, with a growth of 30% compared to last year.

N Chandrababu Naidu's family's wealth surges Rs 1,225 crore as Heritage Foods shares double in 12 days

Chandrababu Naidu's family's wealth surges with Heritage Foods shares rising over 105%. Naidu's party, Telugu Desam Party, wins big in Andhra Pradesh elections.

ECB jumps ahead of Fed, cuts interest rate by 25 bps for first time since 2019

ECB raises inflation forecast for 2024, 2025. Analysts say the quarter-point cut on Thursday would likely not usher in a swift series of further cuts as the bank waits to make sure inflation is under control while easing credit to help the economy. While inflation at an annual rate of 2.6% in May is well down from the peak of 10.6% in October 2022, the decline has slowed in recent months and inflation even ticked up slighly from 2.4% in April.

Five past instances when Sensex has rallied as much as today's intraday surge

​The benchmark index Sensex jumped 3.76% to exceed the 76,000 mark intraday, hitting an all-time high on Monday. This surge was driven by exit polls predicting Prime Minister Narendra Modi will secure a strong mandate for a third term. Investors are optimistic that Modi's government will continue to strengthen infrastructure and manufacturing, supporting ongoing economic growth. ETMarkets highlighted five past instances where the index's intraday percentage gains were close to, but still lower than, today's significant rally. Historically, the Sensex has experienced an intraday rally of over 3.75% approximately 60 times.

Adani surge helps indices break losing streak on eve of exit polls

Adani Group stocks surged up to 9% after brokerage Jefferies recommended buying shares of four companies within the conglomerate in Mumbai.

Ashok Leyland shares surge 6% after posting 20% YoY increase in Q4 profit. Should you invest?

Ashok Leyland shares surged nearly 6% on BSE to a record high after reporting a 20% YoY increase in its Q4 net profit.

Cochin Shipyard shares surge 10%, hit record high post Q4 results

In Monday's trading session on the BSE, shares of state-run Cochin Shipyard soared 10% to reach a new all-time high of Rs 2100. This surge followed the company's announcement of a substantial increase in its consolidated net profit to Rs 258.88 crore for the March 2024 quarter, driven by higher income. In comparison, the company had reported a profit of Rs 39.33 crore in the corresponding period last year.

GQG Partners' investments in Adani stocks surge 172% to $11.6 billion

The US-based investment firm saw its investment in six Adani group stocks nearly triple in value, from ₹38,500 crore ($4.6 billion) to ₹96,431 crore ($11.62 billion) within a span of roughly seven months. This remarkable 150% increase highlights the investor's confidence in the Adani group and the potential growth of the Indian market.

Aditya Birla Group crosses $100 billion market capitalization milestone

The group has seen a surge of 11.42% this year. Vodafone Idea's successful Rs 18,000-crore FPO single-handedly effected a re-rating of the group stocks. The conglomerate’s market capitalisation rise has outrun Sensex, Nifty on a year-to-date basis.

Honasa shares surge 7% after reporting Rs 30 crore profit in Q4. Should you buy, sell or hold?

Honasa Consumer, the parent company of Mamaearth, saw its shares surge by 7% during Friday's trading session on the BSE, reaching a peak of Rs 447.70. This increase followed the announcement of a net profit of Rs 30.4 crore for the quarter ending March 2024, a significant improvement compared to the Rs 161.7 crore loss reported in the same quarter last year.

Nvidia adds over $200 billion in market value in post-earnings rally

Nvidia's shares surged over 9% on Thursday, adding $218 billion in market value, the second-largest single-day gain in history on Wall Street, fueled by a bumper revenue forecast reinforcing investor confidence in the AI-driven chip demand boom.

Hindustan Zinc makes a new high on silver rally

Silver is a byproduct of zinc mining, and Hindustan Zinc achieved record-high saleable silver production of 746 metric tonnes, up 5% year-on-year in FY24 while its zinc production remained stagnant at 8,17,000 metric tonnes.