At 14:30 IST, the barometer index, the S&P BSE Sensex was soared 2,078.58 points or 2.83% to 74,113.79. The Nifty 50 index surged 637.45 points or 2.91% to 22,521.95.
Posts in category Business Standard
RBL, IndusInd, Bandhan Bank become ‘value’ buy, soar up to 7%; here’s why (05-06-2024)
Shares of RBL Bank, IndusInd Bank, Bandhan Bank, and City Union Bank surged by 7.2 per cent, 6.7 per cent, 6.6 per cent and 6.4 per cent, respectively in intraday deals
Small-cap chemical stock freezes at 20% upper circuit post block deal (05-06-2024)
At 10:11 AM, nearly 4.2 million shares changed hands on the BSE at Rs 188 per share, valuing the block deal at Rs 78.96 crore
Volumes spurt at Radico Khaitan Ltd counter (05-06-2024)
Radico Khaitan Ltd registered volume of 8.96 lakh shares by 14:14 IST on NSE, a 5.73 fold spurt over two-week average daily volume of 1.56 lakh shares
Govt bonds still a ‘buy’ for foreign investors despite PM Modi’s narrow win (05-06-2024)
Foreign investors have piled on bonds this year and remained on the buying side on Tuesday, despite the unexpected election outcome hitting stocks
Jubilant Pharmova arm divests its entire 25.8% stake in Sofie (05-06-2024)
For a consideration of USD 142.9 million
NDA leaders meet to discuss government formation after 2024 Lok Sabha polls (05-06-2024)
NDA allies including Nitish Kumar from JD(U) and Chirag Paswan from LJP (Ramvilas) are participating, with the JD(U) affirming its full support for the NDA. Nitish Kumar arrived in Delhi to hand over a letter of support to Modi. Telugu Desam Party (TDP) leader N Chandrababu Naidu also left for Delhi to attend the NDA meeting after lauding his party’s success in Andhra Pradesh.
Tata Motors shares soar 3% on strong May JLR UK sales; up 28% in 6 months (05-06-2024)
Tata Motors’ May JLR UK sales zoomed 29 per cent on a year-on-year (Y-o-Y) basis to 6,093 units, as opposed to 4,732 units in May last year
Travel portal ixigo’s parent looking to raise up to Rs 740 cr via IPO (05-06-2024)
Le Travenues Technology Ltd, which operates travel booking platform ixigo, is looking to raise up to Rs 740 crore through its initial share-sale opening for public subscription on June 10.
The issue, with a price band of Rs 88 to Rs 93 per share, will conclude on June 12 and bids for anchor investors will open for a day on June 7, the company announced.
The Gurugram-based company’s Initial Public Offering (IPO) is a combination of fresh issue of equity shares worth Rs 120 crore and an Offer For Sale (OFS) of 6.66 crore equity shares to the tune of Rs 620 crore, at the upper end of the price band, by existing shareholders. This translates into public issue size of Rs 740 crore.
Under the OFS, SAIF Partners India IV Ltd, Peak XV Partners Investments V (formerly known as SCI Investments V), Micromax Informatics Ltd, Placid Holdings, Catalyst Trusteeship Ltd, Madison India Capital HC, Aloke Bajpai and Rajnish Kumar will be selling shares.
Proceeds worth Rs 45 crore from the fresh issue
Capital Goods shares fall (05-06-2024)
Capital Goods stocks were trading in the negative zone, with the BSE Capital Goods index falling 223.53 points or 0.34% at 64605.78 at 13:42 IST.