Stock Market Today: At a premium of about 160 points over the Nifty futures’ last close, the Gift Nifty was trading at 24,330 points while writing. A strong opening for the Indian benchmark index is also suggested by the Gift Nifty patterns. The global market rise is expected to propel the key Indian stock market indices, Sensex and Nifty 50, into higher openings on Friday. After creating a little red Doji candlestick pattern beneath its 20-day and 50-day EMAs, Bank Nifty finished the day on Wednesday 105 points lower at 49,727.
Stock Market Today: Stocks in focus
Hindustan Zinc
The Indian integrated mining and resource company Hindustan Zinc Limited (HZL) produces zinc, lead, silver, and cadmium. It is a Vedanta Limited subsidiary. The second-biggest producer of zinc worldwide is HZL. Reports state that Hindustan Zinc Limited (HZL) has established a floor price of Rs 486 per share for its offer for sale, which will take place between August 16 and 19.
SpiceJet
SpiceJet is a low-cost airline based between Delhi and Hyderabad that connects 73 destinations, including 60 in India and 13 abroad. With a 4% market share, it is the sixth largest airline in India in terms of the number of domestic passengers carried. In the first quarter that concluded in June 2024, low-cost airline SpiceJet Ltd. recorded a 20% decrease in its consolidated net profit, coming in at Rs 158 crore.
Disclaimer: (This information is provided solely for informational purposes. It is important to note that investing in the market or a business idea involves market risks. Before investing money as an investor/ owner/ partner, always consult an expert. DNP News Network Private Limited never advises to invest money on stocks or any specific business idea. We will not be liable for any financial losses.)
Keep watching our YouTube Channel ‘DNP INDIA’. Also, please subscribe and follow us on FACEBOOK, INSTAGRAM, and TWITTER
