Share Market News Today | Sensex, Nifty, Share Prices LIVE: The benchmark equity indices ended Tuesday’s trading session in the positive territory. The NSE Nifty 50 gained 21.20 points or 0.09% to settle at 24,857.30, while the BSE Sensex jumped 99.55 points or 0.12% to 81,455.40. The broader indices ended in mixed territory, with gain led by Largecap and Midcap stocks. Bank Nifty index ended higher by just 93.05 points or 0.18% to settle at 51,499.30. Energy and Media stocks outperformed among the other sectoral indices while FMCG and Pharma stocks shed.
Share Market Live: Stocks in Asia trades lower
By Vijay L Bhambwani
Any oil trader worth his salt studies oil market history. The Yom Kippur war of 1973 forms a crucial part of oil trading history. On 6 October 1973, Israel was attacked by Egypt and Syria in what is now known as the Yom Kippur war. Israel retaliated and western countries supported Israel. Arab oil exporters stopped oil exports and prices went through the roof. It changed oil trading forever, including oil politics, geopolitics, Arab cartelisation and oil trading and speculation.
A day after the 50th anniversary of the Yom Kippur war, we are back to square one as Gaza based Hamas launched 5,000 rockets on Israeli targets. A day later Lebanon based Hezbollah launched rockets at Israeli targets. The Israeli cabinet invoked article 40A and declared an official state of war, a first since 1973. The development has raised the spectre of the 1973 oil price spike. Are the two events linearly comparable? Will Arab nations brandish the …
A total of four companies will be offering their shares to investors in the week. Out of which, one company will offer in the mainboard segment while the remaining three in the SME segment.
Mainboard IPO
Sanstar
The company will collect Rs 510.15 crore through a combination of fresh issue as well as an offer for sale. The company will be offering 41.8 million fresh shares and 11.9 million shares of promoter group and other selling shareholders. Sanstar will open the bidding on July 19 and close it on July 23. It kept the IPO price band in a range of Rs 90 to Rs 95 per equity share. A retail buyer will have to apply for a minimum of 150 shares equating to Rs 14,250. Pantomath Capital Advisors is working as the book-running lead manager of the Sanstar, while Link Intime India as the registrar for the issue.
SME IPOs
Tunwal E-Motors
The IPO opening on July 15 is a fixed price issue of Rs 115.64 crore. The c…
UltraTech Cement’s stock price surged over 2% on Tuesday following the release of its Q4 results by the Aditya Birla Group’s flagship cement maker. The shares of UltraTech Cement climbed as high as 2.38% to Rs 10,200 per share on the BSE.
The nation’s leading cement manufacturer posted impressive earnings for the January-March quarter, with its consolidated net profit soaring by 36% to Rs 2,258 crore from Rs 1,666 crore year-on-year (YoY), surpassing market expectations. This growth was driven by a reduction in fuel costs and double-digit volume growth.
Consolidated revenue from operations in Q4FY24 witnessed a robust 9.4% YoY increase to Rs 20,419 crore. Operating at an impressive level, UltraTech Cement achieved an EBITDA of Rs 4,250 crore, with a margin of 20.81%.
India to install 40-50 small modular nuclear reactors to reach net-zero emission by 2070, claims Tata Consulting Engineers’ CEO Ambuja Cements shares surge 4% after promoter sel…
Elon Musk’s tumultuous month atop Twitter Inc. has already included firing most of the company’s employees, tinkering with key features and restoring banned accounts. Now he’s embarking on what could be his riskiest gambit yet: a war with Apple Inc.
The billionaire attacked the iPhone maker with a flurry of tweets Monday, saying the company had cut its Twitter advertising and threatened to bump the social network from Apple’s app store. He asked whether Apple hated free speech, criticized its app fees and even pondered whether the tech giant might go after another of his companies, Tesla Inc.
In taking aim at Apple, Musk is challenging a company that’s vital to Twitter’s livelihood. Apple was consistently one of the top advertisers on the social network, which had an entire team of employees dedicated to helping maintain the relationship, according to people familiar with the matter. The ad spending was well above $100 million annually…