Sensex Today | Stock Market LIVE Updates: Maruti steers Nifty to fresh all-time high, Sensex rises 300 points; PSU banks and auto top sectoral gainers
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In early trading on Tuesday, the BSE Sensex rose by 205.99 points to reach 80,166.37, while the NSE Nifty increased by 53 points, reaching 24,373.55. The market is exhibiting strength and is showing no signs of a sharp correction despite the high valuations. A healthy trend in the market is that fundamentally strong largecaps are seeing buying. The rising accumulation and delivery based buying in largecaps like RIL and ITC is a reflection of this healthy trend. The market is waiting for triggers for a breakout from the present levels, which may come from the Q1 results starting this week or the Budget to be presented on 23rd of this month. Exide and Amara Raja have increased prices by 3% across segments. Paytm has secured approval from a government panel to invest 500 million rupees ($6 million) in a key subsidiary. Oil prices slipped after a hurricane in Texas caused less damage than expected. Monthly SIP has crossed Rs. 21,000 crore for the first time. Tata Motors has revised starting prices of SUV Harrier and Safari. SIP inflows in June were at Rs. 21,260 crore. Largecap fund inflow in June was at Rs. 970.5 crore. NFO inflow in June was at Rs. 15,227 crore. Net equity inflow in June was at Rs. 40,573 crore. MF industry June net outflows were at Rs. 43,637 crore. Larsen & Toubro has bagged a 'significant' order from Hindustan Shipyard for part construction of two Fleet Support Ships (FSS). Vedanta plans to issue 15-month bonds. European shares fell ahead of Powell testimony, with Indivior dropping. Metropolis Healthcare reported a 13% YoY growth in revenues for Q1. G M Breweries' net profit jumped 25% YoY to Rs. 25 crore. Maruti Suzuki registered its biggest single-session gain in over 2 years. Sensex jumps over 300 points, eyes fresh lifetime high. Nifty hits fresh record high. Shyam Metalics and Energy reported a 100.7% growth in stainless steel sales volume in June. Keystone Realtors reported collections of Rs. 485 crore in Q1. BEML says HDFC Mutual Fund cuts stake in the company. Larsen and Toubro's L&T Semiconductor Technologies enter deal for acquisition of Siliconch Systems. Kalpataru Projects International approves proposal to set up fund raise limit up to Rs. 1,600 crore. Rulka Electricals gets orders worth up to Rs. 2.7 crore. Torrent Power gained 4% after agreeing with ARS Steels & Alloy International to set up solar power generating projects. K&R Rail Engineering Ltd has entered into an MOU with the South Korean major UNECO to establish a composite sleeper plant. Inox Wind wins orders for wind turbine generators in Gujarat and Rajasthan. Rice companies LT Foods and KRBL jumped 8%-15% on a report that the government is considering relaxing restrictions on the export of some rice varieties. Malaysia Airlines selects RateGain for a multi-year partnership to get AI-powered rate intelligence. YES Bank shares jumped amid clarification on RBI nod for stake sale. Maruti Suzuki is in focus as UP frees hybrid vehicles from registration fee by waiving off 100% road tax. Jupiter Wagons shares dropped 4% after the company set the floor price of its qualified institutional placement (QIP). Rupee trades flat at 83.50 against US dollar in opening session. Century Textiles & Industries rose 4% as the firm considers raising funds of up to Rs. 1,000 crore. CESC increases effective tariff by 5.7%. BEL, HDFC Bank among top movers in morning trade. Nifty above 24,300. Heatmap shows top Sensex gainers & losers in today's trade. MCX end-of-day processes for Monday's trade have been delayed due to technical issues. Sensex rises over 190 points, Nifty above 24,300 in pre-open session. Global banks are the biggest bulls in India’s bond market. MCX says end-of-day processes for Monday's trade have been delayed due to technical issues. AI boom reshapes Wall Street as TSMC joins trillion-dollar club. What should investors do with Tata Motors, Adani Wilmar, and PC Jewellers? Hyundai under pressure from Tata, Mahindra as $3.5 billion India IPO looms. Dollar droops before Powell testimony; euro weathers France uncertainty. Oil prices little changed as concerns about hurricane damage ease. Asian shares track Wall Street higher, markets hope for dovish stance from Powell. Mutual fund SIPs hit a new high of Rs. 21,260 crore in June, crossing the Rs. 1 lakh crore mark in 2024. Foreign banks have become the leading investors in India’s sovereign bond market.
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