Stock Market Update Today: Amidst mixed global signals, selling is being seen in the domestic stock market. Both Sensex and Nifty indices have weakened in today’s trading.
There is a selloff of about 150 points in the Sensex. At the same time, Nifty has also come close to 15700. Mixed trends are being seen in today’s business. There is selloff in IT and metal stocks.
The Nifty Metal index has weakened by about 1.5 percent and the IT index by half a percent. At the same time, the auto index is also in the red mark. While banks and financial indices are showing in the green. Pharma, realty and FMCG indices are also in the green.
At present, the Sensex is up by 150 points and is trading at the level of 52,759.89. While Nifty is up 37 points at the level of 15715. A mixed trend is visible in heavyweight stocks. 18 shares of Sensex 30 are trading in red mark. Today’s top losers include TATASTEEL, M&M, TCS, WIPRO, TECHM, DRREDDY and HDFC.
The biggest transaction in India’s corporate history, the proposal for merger of banking subsidiary HDFC Bank with HDFC has been approved by the stock exchange. Both HDFC Bank and HDFC have got no objection from both the stock exchanges.
Retail chain D-Mart’s revenue has grown nearly two times year-on-year to Rs 9,806.89 crore in the June quarter. Whereas in the same quarter a year ago, the company’s revenue from operations was Rs 5,031.75 crore.
NTPC’s arm NTPC Renewable Energy (NREL) has signed a Memorandum of Understanding (MoU) with the Rajasthan government to develop a 10 GW Ultra Mega Renewable Energy Power Park (UMREPP) in the state. NTPC Group has set a target of 60 GW renewable energy capacity by 2032.