News Overview

At the time of writing on June 18, 2024 at 1:32 pm, Sensex rose by 235 points or 0.31% to 77,228, while Nifty gained 71 points or 0.30% to reach 23,537.

Shares of public sector company NBCC (India) Ltd rose by roughly 0.75% to ₹160.67 after receiving a normal course of business order.

Kotak Mahindra Bank forecasts greater capex demand in infrastructure, agriculture, and related industries in the coming months.

The stock has gained a total of 181% in the last one year, and 93% since the beginning of the year.

Hyundai, India's second-largest carmaker, seeks to enhance brand image and liquidity through listing.

The IPO includes a fresh issue of shares worth ₹325 Crore and an offer for sale (OFS) of up to 6.53 million shares by existing shareholders and promoters.

The stock has gained a total of 221% in the last one year, and 119% since the beginning of the year.

Investors with very high risk appetite and want to invest in special situations theme should invest in the Motilal Oswal Nifty India Defence Index Fund for 5 or more years.

Its marketing services sector, which includes movie and event tickets, credit card marketing, etc, generated revenues of 17.4 billion rupees.

The ₹301 crore buyback equals up to 1.64% of the company's total paid-up equity share capital as of March 31, 2024 (excluding 45 lakh equity shares held by the Trust in Treasury).