Hindalco stock opened lower on Wednesday’s trade. The Aditya Birla group company has postponed its proposed IPO of Novelis, a US subsidiary, to raise about $1.08 billion along with the greenshoe option.
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Stocks that will see action today: June 5, 2024 (05-06-2024)
SJVN, Tata Motors, Jindal Stainless, PNB, Wipro, SBI, Concor, NLC India, Vodafone Idea, Nuvama Wealth, Deep Industries, Texmaco Rail, Uflex, Shilpa Medicare
Hindalco-owned Novelis postpones US IPO (05-06-2024)
Hindalco was looking to raise up to $945 million through the sale of 45 million shares at a price of $18 to $21 per share.
Gift Nifty points to positive start for beaten-down domestic markets (05-06-2024)
Analysts remain cautious
Stock Market Live Updates 05 June 2024: Stock to sell today: Kajaria Ceramics (₹1,149.65) – SELL (05-06-2024)
Sensex, Nifty, Share Prices LIVE: The outlook for Kajaria Ceramics is bearish. The stock has been falling consistently over the last one week. On Tuesday the stock had declined over 5 per cent. Although the share price had bounced from the intraday low of ₹1,125 on Tuesday, the broader picture remains weak. Strong resistance is around ₹1,195 which can cap the upside.
Market voices post election outcome (04-06-2024)
Focus shifts to govt formation, Budget
Market sees worst fall in four years as results shock (04-06-2024)
Sensex tumbles 4,389 points; Nifty down 5.9%; rupee too takes a beating
Adani Group cos feel the heat of NDA’s poor show in polls (04-06-2024)
The market capitalisation of all the 10 Adani company stocks, fell by about ₹3-lakh crore from ₹19.65-lakh crore logged last Monday
PNB Board approves 10% stake dilution in Canara HSBC Life Insurance via IPO (04-06-2024)
Public sector bank currently holds 23% stake in this life insurance joint venture
All Adani Group stocks fall as vote counting trends showed BJP falling short of clear majority in Lok Sabha Elections (04-06-2024)
Adani group stocks including Adani Enterprises, Adani Energy, Adani Green and Adani Total, fell below their pre-Hindenburg Research report levels