Stock Market LIVE: Nifty holds 25,000, Sensex slips below 82K-mark; Power Grid, Maruti top gainers

Posted by Admin August 1, 2024 Bussiness

10:34 AM

Ceigall India IPO opens today: GMP up; should you bid? Brokerage calls here

Ceigall India aims to raise Rs 1,252.66 crore from the IPO, comprising a fresh issue of 17,063,640 shares worth Rs 684.25 crore and an offer for sale of 14,174,840 shares with a face value of Rs 5 each, amounting to up to Rs 568.41 crore. READ MORE

10:21 AM

Nifty rallies from 20,000 to 25,000 in 221 sessions

The NSE Nifty 50 index scaled a high of 25,078.30, and quoted around 25,053 at 09:40 AM – up 0.4 per cent or 102 points. In comparison, its counterpart on the BSE, the S&P BSE Sensex hit a new all-time high at 82,129, and was up 0.4 per cent or 327 points at 82,062. READ MORE

10:12 AM

Sansera up 2% on inking MoU for acquisition of 55 acres of industrial land

In an exchange filing, Sansera Engineering said, “Entered into a Memorandum of Understanding with Karnataka Udyog Mitra, Directorate of Industries & Commerce, Government of Karnataka for the acquisition of 55 acres of industrial land at Harohalli, Ramanagra, Bengaluru.” READ MORE

9:46 AM

Coal India rallies over 2% after Q1 results

>> The state-owned miner’s consolidated net profits grew 4.1 per cent Y-o-Y in Q1FY25 to Rs 10,959 crore.

>> The public sector utility reported a minimal 1.3 per cent Y-o-Y increase in its revenue from operations to Rs 36,464 crore during the quarter under review.

>> Coal India’s net income rose 2.2 per cent to Rs 38,349.21 crore in Q1FY25, up from Rs 37,521.03 crore in Q1 FY24.

9:40 AM

Vedanta rises 2% on NSE, BSE approval for demerger

>> Anil Agarwal-led Vedanta has received approval from BSE and NSE to split into six independent listed companies. The company will soon file an application with the Hon’ble National Company Law Tribunal to progress its pursuit of unlocking value for shareholders.

9:38 AM

Infosys slightly in red in firm market after receiving GST demand notice worth Rs 32,400 crore

>> The IT giant has received a pre-show cause notice for the payment of GST of Rs 32,403 crore from Karnataka State GST authorities for the period July 2017 to March 2022, relating to the expenses incurred by the company’s overseas branch offices.