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Shares of <keyword id="20415123" type="General" weightage="20" keywordseo="India-Cements" source="keywords" meta.keywordsubtype="org" meta.entityname="India Cements" meta.hostid="261" meta.entityid="India Cements">India Cements</keyword> Ltd jumped nearly 14 per cent on Thursday morning after leading <keyword id="6378916" type="General" weightage="20" keywordseo="cement" source="Orion">cement</keyword> maker <keyword id="19963567" type="General" weightage="100" keywordseo="UltraTech-Cement" source="keywords" meta.keywordsubtype="org" meta.entityname="UltraTech Cement" meta.hostid="261" meta.entityid="UltraTech Cement">UltraTech Cement</keyword> said it will acquire around 23 per cent stake in the Chennai-based firm for up to Rs 1,885 crore. The stock soared 13.70 per cent to hit 52-week high of Rs 299 on the BSE. On the NSE, the stock climbed 13.77 per cent to Rs 298.80 -- its 52-week high. Shares of UltraTech Cement also jumped 6.51 per cent to hit the one-year peak of Rs 11,875.95 on the BSE. The board of directors of the company at its meeting held on Thursday approved "making a financial investment to purchase up to 7.06 crore equity shares of the India Cements Ltd," a regulatory filing by UltraTech Cement said. The deal would be at "at a price of up to Rs 267 per share," and this non-controlling financial investment constitutes around 23 per cent of the equity share capital of India Cements, the filing said. India Cements' turnover for financial year 2023-24 stood at Rs 5,112 crore. UltraTech Cement has a consolidated capacity of 152.7 Million Tonnes Per Annum (MTPA) of grey cement. It has 24 integrated manufacturing units, 33 grinding units, one clinkerisation unit and 8 bulk packaging terminals.

India Cements' shares jump nearly 14%, UltraTech Cement soars 6.50% following acquisition news

The market capitalisation of <keyword id="22204882" type="General" weightage="100" keywordseo="BSE-listed-firms" source="keywords">BSE-listed firms</keyword> hit an all-time high of Rs 438.41 lakh crore on Thursday, fuelled by a record-breaking rally in equities where the <keyword id="19896382" type="General" weightage="20" keywordseo="Sensex" source="keywords">Sensex</keyword> breached the historic 79,000 mark for the first time. Rallying for the fourth day running, the 30-share BSE Sensex jumped 568.93 points or 0.72% to settle at a new closing peak of 79,243.18 on Thursday. During the day, it zoomed 721.78 points or 0.91% to hit the new lifetime peak of 79,396.03. In the past four trading days, the BSE benchmark jumped 2,033.28 points or 2.63% The market capitalisation of BSE-listed companies hit a lifetime high of Rs 4,38,41,960.73 crore ($ 5.25 trillion). Investors' wealth has gone up by Rs 3.93 lakh crore in four trading sessions. Remarkably, the BSE benchmark took just two trading sessions to cover the journey from the 78,000 level hit on June 25 to breach the 79,000 mark on June 27. The <keyword id="19896381" type="General" weightage="20" keywordseo="Nifty" source="keywords">Nifty</keyword> ended at a fresh record high of 24,044.50, rising 175.70 points or 0.74%. Intra-day, it soared 218.65 points or 0.91% to hit the all-time peak of 24,087.45. The Nifty hit the 23,000 mark on May 24 this year. Among the 30 Sensex companies, <keyword id="19963567" type="General" weightage="20" keywordseo="UltraTech-Cement" source="keywords" meta.keywordsubtype="org" meta.entityname="UltraTech Cement" meta.hostid="261" meta.entityid="UltraTech Cement">UltraTech Cement</keyword> jumped 5% after the country's leading cement maker said it will acquire a 23% stake in its Chennai-based rival <keyword id="20440239" type="General" weightage="20" keywordseo="India-Cements-Ltd" source="keywords" meta.keywordsubtype="org" meta.entityname="India Cements Ltd" meta.hostid="261" meta.entityid="India Cements Ltd">India Cements Ltd</keyword>, in a deal estimated to be around Rs 1,885 crore. <keyword id="45179" type="General" weightage="20" keywordseo="ntpc" source="Orion">NTPC</keyword>, JSW Steel, <keyword id="42747" type="General" weightage="20" keywordseo="tata-motors" source="Orion">Tata Motors</keyword>, Infosys, <keyword id="6357585" type="General" weightage="20" keywordseo="tata-consultancy-services" source="Orion">Tata Consultancy Services</keyword>, Kotak Mahindra Bank and Bharti Airtel were also among the major gainers. <keyword id="45475" type="General" weightage="20" keywordseo="larsen-toubro" source="Orion">Larsen &amp; Toubro</keyword>, Sun Pharma, Nestle, <keyword id="6357149" type="General" weightage="20" keywordseo="hdfc-bank" source="Orion">HDFC Bank</keyword>, Maruti and State Bank of India were among the laggards. "The Sensex surpassing 79,000 marks a historic milestone, reflecting healthy investor confidence and strong fundamentals in key sectors like banking and telecom. Benchmark indices rallied on Thursday, reversing earlier declines, driven by strong buying in blue-chip companies, propelling the Sensex past this historic barrier and leading the Nifty to a new all-time high". "Remarkably, it took only 23 sessions to rise from 23,000 to 24,000, compared to 88 sessions previously," continued Trivesh D, COO at Tradejini, a discount brokerage firm. "The benchmark indices exhibited bullish momentum, buoyed by an expected revival in the IT sector and consolidation in the cement industry," Vinod Nair, Head of Research at Geojit Financial Services, said.

Market cap of BSE-listed firms hit all-time high of Rs 438.41 lakh crore

<ul><li>UltraTech Cement’s revenue from operations for the quarter rose 18% at ₹18,662 crore from ₹15,767 crore in the year-ago quarter.</li><li>UltraTech Cement’s board has recommended a dividend of ₹38 per equity share aggregating to ₹1,097 crore.</li><li>During the quarter, the cement maker saw an increase in energy cost by 17% on year and 4% lower sequentially.</li></ul>UltraTech Cement’s Q4 net profit fell 32% to ₹1,666 crore as compared to ₹2,461 crore in the same quarter last year. Meanwhile, its revenue from operations for the quarter rose 18% to ₹18,662 crore from ₹15,767 crore Q4 FY22, the company said in a regulatory filing. During the quarter, the cement maker saw its energy costs increase by 17%, and prices of pet coke and coal too increased 18% on a yearly basis. Raw material cost was up 9% on year on account of increase in cost of fly ash, slag and gypsum etc. Adding to it, the company’s tax expense also rose in Q4 to ₹800 crore as compared to tax credit of ₹139 crore in the same quarter last year. UltraTech Cement’s board recommended a dividend of ₹38 per equity share aggregating to ₹1,097 crore. The cement maker’s rival ACC also reported a decline in its profitability with a 40% fall in net profit to ₹235 crore for March quarter, on Thursday. Ultratech said it has achieved 100 million tons of production, dispatches and sales in FY23. This was backed by an effective capacity utilization of 95% during this quarter and 84% capacity utilization for the year. Total sales volume for the quarter rose 15% on year and 23% sequentially at 31.7 million tons. Financial performance in March quarter <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Particulars </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Q4 FY23 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Q4 FY22 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Net sales </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹18,436 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹15,557 crore </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Net profit </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹1,666 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹2,461 crore </td></tr></tbody></table> Ahead of the earnings, the company’s share price closed 0.52% higher at ₹7,540 per share. UltraTech Cement mentioned that the expansion programme is progressing as per schedule. During the year, it commissioned 12.4 mtpa (million tonne per annum) additional capacity of grey cement. It further commissioned a 2.2 mtpa brownfield cement capacity at Patliputra in April, 23. Work on its next phase of growth of 22.6 mtpa has already commenced. “Civil work is in full swing at most sites. Commercial production from these new capacities is expected to go on stream in a phased manner by FY25/FY26. Upon completion of these expansions, the Company's capacity will grow to 160.45 mtpa, reinforcing its position as the third largest cement company in the world, outside of China and the largest in India by far,” it said in the exchange filing. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/finance/banks/news/axis-bank-under-pressure-after-reporting-net-loss-in-q4/articleshow/99840323.cms">Axis Bank shares under pressure after Q4 net loss; analysts upbeat on the lender</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/corporates/news/wipro-says-it-services-revenue-could-decline-1-3-in-q1fy24-announces-buyback/articleshow/99809050.cms">Wipro says IT services revenue could decline 1-3% in Q1FY24, announces buyback</a>

UltraTech Cement’s Q4 net profit falls 32% to ₹1,666 crore, declares dividend

Mumbai, Benchmark equity indices Sensex and <keyword id="6354813" type="General" weightage="80" keywordseo="nifty" source="Orion">Nifty</keyword> eked out marginal gains on Wednesday following late buying in capital goods, auto and utility stocks as investors adopted a cautious approach ahead of the US Fed interest rate decision. The 30-share BSE Sensex advanced 33.57 points or 0.05 per cent to settle at 69,584.60, driven by late buying. During the day, it fell 450.47 points or 0.64 per cent to 69,100.56. The Nifty gained 19.95 points or 0.10 per cent to 20,926.35. "The market's focus now shifts to the upcoming FOMC (Federal Open Market Committee) meeting. And the recent global upside is getting far stretched in anticipation of a rapid fall in US Fed rate in CY 2024," said Vinod Nair, Head of Research at Geojit Financial Services. Among the Sensex firms, NTPC, Power Grid, Mahindra &amp; Mahindra, Larsen &amp; Toubro, <keyword id="44642" type="General" weightage="80" keywordseo="sun-pharma" source="Orion">Sun Pharma</keyword>, State Bank of India, Titan and Tata Steel were the major gainers. Tata Consultancy Services, Infosys, Axis Bank, <keyword id="85462" type="General" weightage="80" keywordseo="bajaj-finserv" source="Orion">Bajaj Finserv</keyword>, <keyword id="6355596" type="General" weightage="50" keywordseo="ultratech-cement" source="Orion">UltraTech Cement</keyword> and <keyword id="111876" type="General" weightage="80" keywordseo="bajaj-finance" source="Orion">Bajaj Finance</keyword> were the major laggards. In the broader market, the BSE midcap gauge climbed 1.06 per cent and smallcap index gained 0.73 per cent. Among the indices, services climbed 1.50 per cent, realty jumped 1.45 per cent, utilities (1.33 per cent), power (1.25 per cent), auto (1.17 per cent) and consumer discretionary (0.85 per cent). In contrast, IT, telecommunication, bankex, oil &amp; gas and teck were the laggards. "Asian shares were mixed while European markets were up on Wednesday, as traders waited for the year's final policy decision from the Federal Reserve and clues on whether the central bank will cut rates next year," said Deepak Jasani, Head of Retail Research, HDFC Securities. In Asian markets, Seoul, Shanghai and Hong Kong settled lower while Tokyo ended in the positive territory. European markets were trading with gains. The US markets ended in positive territory on Tuesday. "Domestic equities were lacklustre ahead US Fed's decision late today. Nifty remained in negative territory for the most part of the day but last hour buying helped indices to close in green with marginal gains of 20 points at 20,926 levels," Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd, said. Global oil benchmark Brent crude declined 0.27 per cent to USD 73.04 a barrel. Foreign institutional investors (FIIs) were buyers on Wednesday as they bought equities worth Rs 4,710.86 crore, according to exchange data. Snapping its declining trend, retail inflation rose to a three-month high of 5.55 per cent in November on firming food prices, including vegetables and cereals, though it remains within the RBI's comfort zone of less than 6 per cent. After a two-day rally, the BSE benchmark fell by 377.50 points or 0.54 per cent to settle at 69,551.03 on Tuesday. The Nifty declined 90.70 points or 0.43 per cent to 20,906.40.

Stock markets settle marginally higher on late buying; L&T, RIL advance

Mumbai, Equity benchmarks <keyword id="6484188" type="General" weightage="100" keywordseo="sensex" source="Orion">Sensex</keyword> and <keyword id="6354813" type="General" weightage="80" keywordseo="nifty" source="Orion">Nifty</keyword> eked out marginal gains to settle in the positive zone after a highly volatile trade on Wednesday, helped by buying in index majors Infosys, ITC and Reliance Industries. However, foreign fund outflows from the equity market restricted the upmove in stocks, traders said. In a choppy session, the 30-share BSE Sensex climbed 92.47 points or 0.14 per cent to settle at 66,023.24. During the day, it fell to a low of 65,664.85 and touched a high of 66,063.43. The Nifty edged higher by 28.45 points or 0.14 per cent to 19,811.85. "Investors are following global markets, which are mostly sluggish with a mixed bias. Due to lack of fresh positive triggers, investors are trading cautiously and taking selective bets," Prashanth Tapse, Research Analyst, Sr VP Research, Mehta Equities Ltd, said. Among the Sensex firms, Infosys, NTPC, Power Grid, Titan, ITC, Tech Mahindra, Hindustan Unilever, Axis Bank, <keyword id="6357585" type="General" weightage="50" keywordseo="tata-consultancy-services" source="Orion">Tata Consultancy Services</keyword>, <keyword id="85462" type="General" weightage="50" keywordseo="bajaj-finserv" source="Orion">Bajaj Finserv</keyword>, Reliance Industries and <keyword id="6355596" type="General" weightage="50" keywordseo="ultratech-cement" source="Orion">UltraTech Cement</keyword> were the biggest gainers. In contrast, IndusInd Bank, Kotak Mahindra Bank, Mahindra &amp; Mahindra, JSW Steel, HDFC Bank and Maruti were the major laggards. In the broader market, the BSE midcap gauge climbed 0.33 per cent, while smallcap index declined 0.63 per cent. Among the indices, power jumped 1.41 per cent, auto climbed 0.64 per cent, teck (0.52 per cent), FMCG (0.34 per cent), capital goods (0.38 per cent) and oil &amp; gas (0.36 per cent). Commodities, financial services, industrials, telecommunication and bankex were among the laggards. Underlining that the banking system continues to be resilient and there is no immediate cause of worry for the system, RBI Governor Shaktikanta Das on Wednesday advised lenders to be more cautious and spot any trend of risk building early. "While banks and NBFCs are showing good performance now, sustaining it requires concerted efforts. In good times like these, banks and NBFCs need to reflect and introspect as to where potential risks could possibly originate," he said. At a time when the system is reporting robust credit growth, Das asked lenders to avoid any form of "exuberance" in their business and to ensure that sectoral and sub-sectoral exposures are "sustainable". In Asian markets, Seoul and Tokyo settled in the green, while Shanghai and Hong Kong ended lower. Europan markets were trading mostly with gains. The US markets ended in negative territory on Tuesday. "Despite the US Fed adopting a cautious stance in its minutes and refraining from indicating a rate cut, the market recovered from the day's correction and ended with mild gain. On the other hand, the broad market witnessed some profit-booking as investors' focus shifted to the primary market, marked by a set of IPOs scheduled for this week. "However, the undercurrent is positive, with a cooling of inflation and an easing US bond yield supporting a short- to medium-term rally," said Vinod Nair, Head of Research at Geojit Financial Services. Global oil benchmark Brent crude declined 0.46 per cent to USD 82.07 a barrel. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 455.59 crore on Tuesday, according to exchange data. The BSE benchmark climbed 275.62 points or 0.42 per cent to settle at 65,930.77 on Tuesday. The Nifty went up by 89.40 points or 0.45 per cent to 19,783.40.

Markets settle with modest gains in highly volatile trade

New Delhi, The market capitalisation of <keyword id="35140" type="General" weightage="80" keywordseo="bse" source="Orion">BSE</keyword>-listed firms reached an all-time high of Rs 315 lakh crore on Monday, helped by strong investor sentiments amid encouraging domestic macroeconomic data and a firm trend in global stocks. The BSE benchmark Sensex climbed 240.98 points, or 0.37 per cent, to settle at 65,628.14. During the day, it rallied 296.75 points, or 0.45 per cent, to 65,683.91. The barometer had on Friday ended higher by 555.75 points, or 0.86 per cent, at 65,387.16. In two days, investors' wealth went up by Rs 5,41,951.7 crore. The market capitalisation of BSE-listed firms stood at Rs 3,15,01,090.40 crore. "Markets extended their gains for the second trading session on the back of rising expectations of a rate hike pause by the <keyword id="6356435" type="General" weightage="50" keywordseo="us-federal-reserve" source="Orion">US Federal Reserve</keyword>. Further, reports of China taking measures to revive the property sector in the country also boosted sentiment," Shrikant Chouhan, Head of Research (Retail), Kotak Securities Ltd, said. Manufacturing activities in India gained momentum in August as new orders and output increased at quickest rates in nearly three years, according to a survey released on Friday. GST collections grew 11 per cent to over Rs 1.59 lakh crore in August on the back of improved compliance and reduced evasion, with experts forecasting higher mop-up to continue in the upcoming festive season. Domestic passenger vehicle sales hit a record in August, led by highest-ever monthly dispatches from Maruti Suzuki on the back of festive demand and the continued strong offtake of SUVs. In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong ended with gains. European markets were trading in the green in early deals. The US markets ended mostly in the positive territory on Friday. From the Sensex pack, <keyword id="10862" type="General" weightage="80" keywordseo="wipro" source="Orion">Wipro</keyword> emerged as the biggest gainer, climbing 4.34 per cent. HCL Tech, <keyword id="6355596" type="General" weightage="50" keywordseo="ultratech-cement" source="Orion">UltraTech Cement</keyword>, Tata Steel, <keyword id="43217" type="General" weightage="50" keywordseo="tech-mahindra" source="Orion">Tech Mahindra</keyword>, NTPC, Infosys, Power Grid, Tata Consultancy Services and State Bank of India were the other major gainers. Mahindra &amp; Mahindra, <keyword id="6355975" type="General" weightage="50" keywordseo="axis-bank" source="Orion">Axis Bank</keyword>, ITC, Asian Paints, Bajaj Finance and Nestle were among the laggards. In the broader market, the BSE midcap gauge climbed 0.96 per cent, and smallcap index gained 0.84 per cent. Among the indices, metal jumped 2.72 per cent, commodities climbed 1.94 per cent, utilities rallied 1.91 per cent, IT gained 1.74 per cent, power (1.55 per cent), teck (1.51 per cent) and services (0.59 per cent). FMCG and consumer durables were the laggards. Foreign Institutional Investors (FIIs) were buyers on Friday as they bought equities worth Rs 487.94 crore, according to exchange data. "Recent domestic macroeconomic data has portrayed a positive picture for the domestic markets, allowing them to maintain their momentum. Despite profit-booking in Nifty Auto after reaching an all-time high, the market regained its footing with robust buying in IT stocks," Vinod Nair, Head of Research at Geojit Financial Services, said. "The increase in the US unemployment rate has solidified expectations of a pause in rate hikes, and positive global cues have further boosted market sentiment," Nair said.

BSE-listed firms' market valuation hits all-time high of Rs 315 lakh crore

LIC offloads shares in Maruti Suzuki, Bajaj Auto, HUL, UltraTech and more in Q2

Benchmark indices rallied for the eighth day running on Thursday, ending at fresh record closing highs, amid firm global market trends and continuous foreign fund inflows. Buying in IT counters also added to the momentum. The 30-share BSE <keyword id="6484188" type="General" weightage="20" keywordseo="sensex" source="Orion">Sensex</keyword> climbed 184.54 points or 0.29 per cent to settle at 63,284.19, its fresh record closing high. During the day, it rallied 483.42 points or 0.76 per cent to 63,583.07, its lifetime intra-day peak. The broader NSE Nifty advanced 54.15 points or 0.29 per cent to end at 18,812.50, its new record closing high. Among the Sensex pack, UltraTech Cement, Tata Steel, Tata Consultancy Services, Tech Mahindra, Wipro, Infosys, HCL Technologies, and Larsen &amp; Toubro were the major winners. ICICI Bank, Mahindra &amp; Mahindra, Power Grid and Kotak Mahindra Bank were among the laggards. Elsewhere in Asia, markets in Seoul, Tokyo, Shanghai and Hong Kong ended higher. Equity exchanges in Europe were trading mostly in the green in the afternoon trade. Wall Street had ended significantly higher on Wednesday. "Fed chief Jerome Powell's observation that 'it makes sense to moderate the pace of rate hikes' has come as a shot in the arm for the bulls to take the ongoing rally forward," said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services. International oil benchmark Brent crude was trading 0.40 per cent higher at USD 87.32 per barrel. Foreign Institutional Investors (FIIs) bought shares worth Rs 9,010.41 crore on Wednesday, as per exchange data. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/government-listed-private-companies-capex-to-touch-21-lakh-crore-in-fy23-icici-securities/articleshow/95858117.cms">Capex cycle to touch ₹21 lakh crore in FY23, but there's a catch</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/corporates/news/reliance-industries-emerges-as-top-company-in-terms-of-value-revenue-and-profits-in-hurun-2022-list/articleshow/95910143.cms">Adani may be the richest Indian but Ambani’s RIL retains the top spot on Hurun's list of most valuable companies</a>

Markets on record-making spree; rally for the eight straight day

Equity benchmark indices rebounded in early trade on Thursday after falling in the previous two trading days, helped by foreign fund inflows and a largely positive trend in global markets. The 30-share <keyword id="53232" type="General" weightage="80" keywordseo="bse-sensex" source="Orion">BSE Sensex</keyword> climbed 550.73 points to 59,579.64. On similar lines, the broader NSE Nifty went higher by 156.1 points to 17,780.50. All the 30-share Sensex pack of firms were trading in the green in early trade, with Asian Paints, <keyword id="6355596" type="General" weightage="80" keywordseo="ultratech-cement" source="Orion">UltraTech Cement</keyword>, <keyword id="6354287" type="General" weightage="80" keywordseo="bharti-airtel" source="Orion">Bharti Airtel</keyword>, <keyword id="6653" type="General" weightage="80" keywordseo="icici-bank" source="Orion">ICICI Bank</keyword>, Tech Mahindra, Infosys, Mahindra &amp; Mahindra and Bajaj Finance emerging as the biggest gainers. Elsewhere in Asia, markets in Seoul and Tokyo were trading in the green, while Shanghai and Hong Kong quoted lower in mid-session deals. The US markets had ended significantly higher on Wednesday. The 30-share <keyword id="35140" type="General" weightage="80" keywordseo="bse" source="Orion">BSE</keyword> benchmark declined 168.08 points or 0.28 per cent to settle at 59,028.91 on Wednesday. The Nifty dipped 31.20 points or 0.18 per cent to 17,624.40. Meanwhile, the international oil benchmark Brent crude climbed 1.05 per cent to USD 88.92 per barrel. Foreign institutional investors (FIIs) were net buyers as they bought shares worth Rs 758.37 crore on Wednesday, as per exchange data. "After two days of a steady fall, local equity benchmark indices are likely to see a firm opening, mirroring gains in US markets and subsequent upmove in other Asian peers," said Prashanth Tapse - Research Analyst, Senior VP (Research), <keyword id="5457637" type="General" weightage="80" keywordseo="mehta-equities-ltd" source="Orion">Mehta Equities Ltd</keyword> in his pre-market opening comment. SEE ALSO : <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/indigo-shares-fall-over-4-as-co-founder-rakesh-gangwal-offloads-2000-cr-worth-stake/articleshow/94065345.cms">IndiGo shares fall over 4% as co-founder Rakesh Gangwal offloads ₹2,000 cr worth stake</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/cyrus-mistry-death-mercedes-sending-cars-electronic-control-module-to-germany-for-analysis-says-official/articleshow/94063831.cms">Cyrus Mistry death: Mercedes sending car's electronic control module to Germany for analysis, says official</a>

Sensex, Nifty in the green as crude prices soften

Infosys, TVS Motors, Ultratech Cement among stocks to watch out for on June 30

UltraTech Cement, HDFC, Coal India among stocks to watch out for on June 3

Mumbai, Rising for the second straight session, equity benchmark Sensex climbed 142 points on Thursday following buying in IT and finance stocks amid a positive trend in global markets. After a see-saw session, the 30-share BSE Sensex ended 142.43 points or 0.23 per cent higher at 60,806.22. During the day, the index witnessed a high of 60,863.63 and a low of 60,472.81. The broader <keyword id="372424" type="General" weightage="50" keywordseo="nse-nifty" source="Orion">NSE Nifty</keyword> advanced 21.75 points or 0.12 per cent to finish at 17,893.45. <keyword id="85462" type="General" weightage="50" keywordseo="bajaj-finserv" source="Orion">Bajaj Finserv</keyword> topped the Sensex gainers' chart, rising 2.30 per cent, followed by Asian Paints, Infosys, Bajaj Finance, IndusInd Bank, L&amp;T and TCS. In contrast, Bharti Airtel, <keyword id="6355596" type="General" weightage="50" keywordseo="ultratech-cement" source="Orion">UltraTech Cement</keyword>, <keyword id="42747" type="General" weightage="50" keywordseo="tata-motors" source="Orion">Tata Motors</keyword>, <keyword id="44642" type="General" weightage="50" keywordseo="sun-pharma" source="Orion">Sun Pharma</keyword>, HDFC and Axis Bank were among the laggards, shedding up to 1.03 per cent. The market breadth was positive, with 18 advances and 12 declines. "Traders mostly remained on the sidelines in the absence of any fresh positive triggers, as worries of global slowdown and no signs of any pause on global rate hike cycle continued to weigh on the sentiment. "Although markets were range-bound with a positive bias, fluctuation in the market could continue in the near term," said <keyword id="131488" type="General" weightage="50" keywordseo="shrikant-chouhan" source="Orion">Shrikant Chouhan</keyword>, Head of Equity Research (Retail), Kotak Securities Ltd. In the broader market, the BSE midcap gauge slipped 0.01 per cent and the smallcap index dipped 0.15 per cent. Among sectoral indices, IT climbed 0.88 per cent, technology 0.71 per cent, industrials (0.36 per cent) and Capital Goods (0.26 per cent). Power, telecommunications commodities and realty were among the losers. Markets closed higher for the second consecutive session, aided by buying in IT stocks and despite volatility in Adani group stocks following MSCI review of their free float weights in their indices, said <keyword id="161383" type="General" weightage="50" keywordseo="deepak-jasani" source="Orion">Deepak Jasani</keyword>, Head of Retail Research, HDFC Securities. European stocks rose, after touching nine-month highs on Wednesday as investors pinned hopes on peaking inflation and a major recession now looking less likely on the continent, Jasani added. "Any more-than-expected negative outcome of the MSCI review meeting on Adani company weights in their indices could result in a lower opening of Nifty on Friday," Jasani said. Shares of Adani Power fell 5 per cent to close at 172.90 apiece on BSE after the company on Wednesday reported a 96 per cent decline in consolidated net profit at Rs 8.77 crore for the December quarter. Edible oil major Adani Wilmar Ltd jumped 5 per cent to end at 440.30 per scrip. It has reported a 16 per cent increase in consolidated profit to Rs 246.16 crore for the third quarter. Adani Group's flagship Adani Enterprises crashed 10.72 per cent to settle Rs 1,927.30. Adani Ports and Special Economic Zone dropped 2.90 per cent to Rs 582.05. Adani Transmission and Adani Total Gas witnessed a fall of 5 per cent each, while Adani Green Energy fell 4.96 per cent. The scrip of Ambuja Cements slipped 6.86 per cent to Rs 358, NDTV fell 4.92 per cent to Rs 216.55 and ACC dipped 2.91 per cent to Rs 1,915.95 on the exchange. Elsewhere in Asia, markets in Seoul, Shanghai and Hong Kong ended with gains, while Tokyo settled in the red. However, equity exchanges in Europe were trading in the positive territory in the afternoon session. Wall Street had ended lower in the overnight session. The rupee closed flat at 82.54 against the US dollar on Thursday. International oil benchmark Brent crude was trading 0.29 per cent higher at USD 85.34 per barrel. Foreign Institutional Investors (FIIs) were net sellers in capital markets as they offloaded shares worth Rs 736.82 crore on Wednesday, according to exchange data.

Sensex, Nifty clock gains with buying in IT and finance stocks

Benchmark indices <keyword id="6484188" type="General" weightage="100" keywordseo="sensex" source="Orion">Sensex</keyword> and Nifty ended with gains on Wednesday, extending the previous day rally amid lower level of inflation on domestic front and better-than-expected inflation readings from the US. The 30-share BSE Sensex climbed 144.61 points or 0.23 per cent to settle at 62,677.91. During the day, it jumped 301.81 points or 0.48 per cent to 62,835.11. The broader NSE Nifty advanced 52.30 points or 0.28 per cent to end at 18,660.30. From the Sensex pack, Tech Mahindra, Tata Steel, NTPC, IndusInd Bank, State Bank of India, Power Grid, HCL Technologies, Tata Consultancy Services and Larsen &amp; Toubro were the major winners. Nestle, Bharti Airtel, <keyword id="6653" type="General" weightage="50" keywordseo="icici-bank" source="Orion">ICICI Bank</keyword>, Asian Paints, Hindustan Unilever and <keyword id="6355596" type="General" weightage="50" keywordseo="ultratech-cement" source="Orion">UltraTech Cement</keyword> were among the laggards. "Better-than-expected inflation readings from major global economies, combined with increased appetite for IT stocks, aided the domestic market's bullishness. US CPI inflation easing to 7.1 per cent in November will lower the chances of the <keyword id="45672" type="General" weightage="80" keywordseo="fed" source="Orion">Fed</keyword> being hawkish. Though the Fed is largely expected to raise rates by 50 basis points, their comments on future inflation and rate actions would dominate market movements," said Vinod Nair, Head of Research at Geojit Financial Services. Elsewhere in Asia, equity markets in Seoul, Tokyo, Shanghai and Hong Kong ended in the positive territory. Equity exchanges in Europe were trading lower in mid-session deals. The US markets had ended higher on Tuesday. The wholesale price-based inflation fell to a 21-month low of 5.85 per cent in November as prices of food, fuel and manufactured items softened. "All eyes will be on the US Federal Open Market Committee (FOMC) meeting on interest rate later in the day, as the outcome would set the tone for the rest of the equity markets across the globe," said Prashanth Tapse - Research Analyst, Senior VP (Research), Mehta Equities Ltd. International oil benchmark Brent crude dipped 0.06 per cent to USD 80.63 per barrel. Foreign Institutional Investors (FIIs) turned buyers as they bought shares worth Rs 619.92 crore on Tuesday, according to exchange data. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/foreign-portfolio-investors-flows-in-2022-in-india/articleshow/96223765.cms">FPI flows in 2022 – a tale in two parts</a> <a href="https://www.businessinsider.in/stock-market/news/paytm-share-buyback-at-a-50-premium-could-support-the-stock-in-near-term-jp-morgan/articleshow/96220518.cms">Paytm share buyback at a 50% premium could support the stock in near term: JP Morgan</a> <a href="https://www.businessinsider.in/business/news/indias-jet-set-heres-how-billionaires-earned-lost-and-donated-in-2022/articleshow/96206744.cms">India’s jet-set: Here’s how billionaires earned, lost and donated in 2022</a>

You Searched For "UltraTech Cement Ltd" and got 13 results

India Cements' shares jump nearly 14%, UltraTech Cement soars 6.50% following acquisition news

PTI

Market cap of BSE-listed firms hit all-time high of Rs 438.41 lakh crore

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UltraTech Cement’s Q4 net profit falls 32% to ₹1,666 crore, declares dividend

Bhakti Makwana

Stock markets settle marginally higher on late buying; L&T, RIL advance

PTI

Markets settle with modest gains in highly volatile trade

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BSE-listed firms' market valuation hits all-time high of Rs 315 lakh crore

PTI

LIC offloads shares in Maruti Suzuki, Bajaj Auto, HUL, UltraTech and more in Q2

Bhakti Makwana

Markets on record-making spree; rally for the eight straight day

PTI

Sensex, Nifty in the green as crude prices soften

PTI

Infosys, TVS Motors, Ultratech Cement among stocks to watch out for on June 30

Bhakti Makwana

UltraTech Cement, HDFC, Coal India among stocks to watch out for on June 3

Bhakti Makwana

Sensex, Nifty clock gains with buying in IT and finance stocks

PTI

Sensex, Nifty50 close higher ahead of US Fed's rate hike decision

PTI

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