News Overview

Metal stocks were trading with gains, with the S&P BSE Metal index increasing 298.82 points or 1.88% at 16223.45 at 09:47 IST.

Information Technology stocks were trading in green, with the S&P BSE IT Sector index rising 478.99 points or 1.77% at 27601.89 at 09:47 IST.

The issue, which has a face value of Rs2 per equity share, is a complete offer for sale (OFS) of 25,546,186 equity shares.

Record date for distribution is 22 July 2022

After dropping last week to its lowest level in over a year, spot gold increased 0.4 percent to $1,713.49 per ounce by 02:54 GMT.

Record date for IDCW is 22 July 2022

The board also approved allotment of 3,19,145 Convertible Warrants on preferential basis.

Indias active Covid-19 caseload currently stands at 1,44,264. In the last 24 hours, 16,935 new cases and 16,069 recoveries have been recorded. The daily positivity rate is 6.48%. The recovery rate currently is at 98.47%. Under Nationwide Vaccination Drive, 200 cr vaccine doses (92.61 cr Second Dose and 5.67 cr Precaution Dose) have been administered so far. Powered by Capital Market – Live News

Bharat Electronics (BEL) rallied 5.13% to Rs 258.05 after the PSU company reported a standalone net profit of Rs 431.49 crore in Q1 FY23, steeply higher from Rs 11.15 crore in Q1 FY22.

Nifty IT jumped by 450 points, while Bank Nifty climbed 200 points.