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Radhakishan Damani sells 6.91 crore shares of India Cements to UltraTech for Rs 1,914 crore in block deal

The sale was done at an average price of Rs 277 apiece. Through the deal, Damani and his controlled entities bagged around Rs 1,914 crore.

TRADERS’ CORNER: A stock from solar ecosystem for 9% upswing and tech platform company for 6% positional trade

Old sectors witnessing new momentum in select stocks.

UltraTech to buy 23% stake in India Cements for Rs 1,885 crore

UltraTech Cement approved acquiring a 23% stake in India Cements for Rs 1,885 crore at Rs 267 per share, describing it as a financial investment. The deal, which has been described as a "financial investment" by the Aditya Birla Group company, would be done in cash payment. UltraTech's stock surged 6% to Rs 11,811, and India Cements rose 12.5% to Rs 295.75 on the news.

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

The NSE Nifty index was trading 98.3 points up at 23967.1

94 stock ideas across sectors with bullish stance by ICICI Direct Research

Since 1999, in election years, Nifty has gained median 21% post-election outcome lows, till end of the year and such moves occur with 4-6% intermediate corrections which would offer buying opportunity. Nifty continues on the path of CY30 target of 50,000, according to a report by ICICI Direct Research, and the Nifty CY24 target is projected at 25,200. With this outlook, the domestic brokerage firm emphasizes its bullish stance across sectors along with their top picks. These are listed below:

Amara Raja shares rally 20% to fresh highs as company signs agreement for lithium ion batteries

Amara Raja Energy partners with Gotion High-Tech for advanced cell manufacturing, accessing technology, Gigafactory facilities, and battery materials. Collaborations with InoBat strengthen LiB battery development.

CarTrade Tech block deal: Royal Bank of Scotland buys shares worth Rs 41 crore in this smallcap counter

A news report indicates that block deals involving 71 lakh shares, or 15.1% of the equity, were executed for the company. CMDB II, a private equity fund managed by JP Morgan Investment Management, was among the sellers, offloading 3,60,411 shares at Rs 830.27 each, totaling Rs 30 crore in the transaction.

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.

IT stocks rally up to 4% as an early indicator of Q1 earnings just gave green signals

Indian IT stocks surged following positive results from Accenture, with Persistent Systems leading the gains. Analysts expect a strong demand environment to drive healthy earnings growth.

Ixigo operator Le Travenues Tech's shares turn multibagger, zoom 112% in two days

Shares of Le Travenues Technology, which operates online platforms such as Ixigo and Abhibus, surged 19% on Wednesday to reach a day's high of Rs 197.50 on the National Stock Exchange (NSE). Since its listing on Tuesday at an issue price of Rs 93, the stock has recorded an impressive jump of 112%.

Nasdaq, S&P 500 post all-time closing highs for 4th day as tech boosts

The S&P 500 and Nasdaq hit record highs as tech shares surged. Unemployment claims rose, but producer prices fell, hinting at a Fed rate cut possibility.

Tata Steel, Cipla among 5 Nifty50 stocks that hit fresh 52-week highs on Thursday

Indian shares across the board hit all-time highs on Thursday, tracking a global rally after softer-than-expected US inflation data boosted expectations that the Federal Reserve would lower interest rates sooner rather than later. Meanwhile, in Thursday's trading session, five stocks from the Nifty50 index hit new 52-week highs. Here's the list:

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:

Meta’s 450% surge offers potential for next tech stock split

An uptick in stock splits this year has analysts eyeing Meta Platforms Inc, the only stock in the Magnificent Seven that hasn't split shares. Trading at over $500, Meta is seen as ripe for a split, benefiting from AI exposure, buybacks, and a dividend introduction.

Divi's Laboratories, Cipla among 5 Nifty50 stocks that touch new 52-week highs on Tuesday

Indian shares rose on Tuesday, helped by gains in information technology and energy stocks, with investors keenly awaiting a key U.S. inflation reading and the Federal Reserve's policy decision. Meanwhile, in today's trading session, five stocks from the Nifty50 index hit a new 52-week high. Here's the list:

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:

​Bullish Momentum: 8 stocks with White Marubozu Pattern on June 7

Affle India is this week's top stock; why analysts are bullish

The management aims for over 20% revenue growth in 2024-25 and is optimistic about better pricing and margin improvement. Analysts expect the near-term pressure from developed markets to subside in the current financial year. Should you invest in Affle India?

These 4 stocks showing RSI Trending Up on June 6

​On June 6, four stocks from the Nifty500 pack appeared in the RSI Trending Up scan, according to the stockedge.com data. It is an uptrend signal if the RSI value has crossed above 58 from below. "RSI trending up" means that the Relative Strength Index (RSI) values are increasing, suggesting strengthening momentum in the price of the stock. This can indicate potential upward movement and may be used by traders to identify buying opportunities.

Cryptocurrency prices on June 5: Bitcoin rises 3% to above $71,000 on Fed rate cut expectation

Bitcoin price surged by 3% to $71,000 in the last 24 hours, driven by expectations of a Federal Reserve rate cut in September following soft U.S. job openings data. Ethereum reached $3,807 and altcoins like BNB and Solana also saw significant increases.

Hindalco, Tech Mahindra among 5 stocks with top short covering

Short covering refers to the buying of shares in order to close an existing short position or a position that has been sold. Short covering signals a shift in view on security from extreme bearishness to bullishness. In Monday's trading session, five stocks saw top short covering. Here's the list:

Tech Mahindra subsidiary Comviva names Rajesh Chandiramani as CEO

Comviva, a digital solutions provider, has appointed Rajesh Chandiramani as CEO and whole-time director, effective June 1, 2024. Chandiramani succeeded Manoranjan 'Mao' Mohapatra, who retired in May 2024. Chandiramani previously held senior leadership roles at Tech Mahindra. Comviva aims to strengthen its position as a global leader in customer experience and data monetisation solutions.

General Atlantic Singapore likely to sell up to 6.8% stake in KFin Technologies for Rs 833 crore via block deal: Report

General Atlantic is a part of the promoter group which holds a stake in KFin Technologies. In December, General Atlantic had sold a nearly 10% stake in KFin or 1,70,00,000 shares of the company at Rs 500.25 apiece. It made a profit of Rs 851 crore.