Shares of the Gujarat Mineral Development Corporation (<keyword id="81650" type="General" weightage="20" keywordseo="gmdc" source="Orion">GMDC</keyword>) jumped nearly 14% on Thursday in line with rising global commodity prices – crude oil and other industrial metals. Global crude oil prices hit multi-year highs due to the ongoing war between Russia and Ukraine, and any sharp rise in crude prices has a direct bearing across the board. The state-owned company currently has five operational lignite mines located in Kutch, south Gujarat, and Bhavnagar region. It is purportedly the largest merchant seller of lignite in the country. At 3.30 p.m., the company's shares traded at ₹156.20, up 13.81% from the previous close. Notably, the shares more-than-doubled its investors portfolio since the start of 2022 by rising 115%. Coming to the company's earnings in Q3fY22, the total income was at ₹763.87 crore as against ₹494.30 crore a quarter ago. Profit after tax jumped to ₹150 crore from ₹41.13 crore in the previous quarter. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/how-buy-and-sell-tesla-apple-netflix-amazon-and-four-other-us-stocks-in-india-via-nse-ifsc/articleshow/89964098.cms">Buy and sell Tesla, Apple, Netflix, Amazon and four other US stocks in India via NSE IFSC – here’s how</a>

GMDC share price rises nearly 14% as commodity prices surge

Both indices, <keyword id="19896381" type="General" weightage="20" keywordseo="Nifty" source="keywords">Nifty</keyword> and <keyword id="19896382" type="General" weightage="20" keywordseo="Sensex" source="keywords">Sensex</keyword> opened the day in greens. While Nifty was trading at 24,423.30 points, up by 107 points, up by 0.44%. Sensex was trading at 80,164.68 points, up by 267 points, as of 9:30 am. <keyword id="20740180" type="General" weightage="20" keywordseo="LTI-Mindtree" source="keywords" meta.keywordsubtype="org" meta.entityname="LTI Mindtree" meta.hostid="261" meta.entityid="LTI Mindtree">LTI Mindtree</keyword> took a significant lead of over 2% in early morning trade. <keyword id="19924892" type="General" weightage="20" keywordseo="Tech-Mahindra" source="keywords" meta.keywordsubtype="org" meta.entityname="Tech Mahindra" meta.hostid="261" meta.entityid="Tech Mahindra">Tech Mahindra</keyword>, Tata Steel, BPCL and <keyword id="19955371" type="General" weightage="20" keywordseo="Bajaj-Finance" source="keywords" meta.keywordsubtype="org" meta.entityname="Bajaj Finance" meta.hostid="261" meta.entityid="Bajaj Finance">Bajaj Finance</keyword> were top gainers in early morning trade. On the other hand, Power Grid, HDFC Life, Apollo Hospitals, Dr. Reddy and HDFC bank were lagging. <keyword id="19950207" type="General" weightage="20" keywordseo="HCL-Tech" source="keywords" meta.keywordsubtype="org" meta.entityname="HCL Tech" meta.hostid="261" meta.entityid="HCL Tech">HCL Tech</keyword> is scheduled to release its Q1FY25 results later during the day. All broad market indices opened the day in green, except for India VIX which was down by 0.48%. Nifty bank, auto, financial services, FMCG, pharma, PSU banks, private bank, healthcare and realty opened the day in red. In early trade, Nifty IT and media took a significant lead of over 1%. Mr. Aditya Gaggar Director of Progressive Shares notes that their view on the index remains the same, i.e. as long as the Index holds a level of 24,200 uptrend will remain intact and on the higher side, 24,460 will be a critical hurdle. "From the energy sector, gas stocks picked up their momentum (Petronet). Sugar stocks from the FMCG sector are gradually strengthening their uptrend (Balrampur Chini and Dalmia Sugar). The direction of the IT sector depends upon how the market participant decodes the Q1FY25 earnings of giant <keyword id="19950203" type="General" weightage="20" keywordseo="TCS" source="keywords" meta.keywordsubtype="org" meta.entityname="TCS" meta.hostid="261" meta.entityid="TCS">TCS</keyword>". "From the media segment, we are bullish on <keyword id="22381558" type="General" weightage="20" keywordseo="SunTV" source="keywords">SunTV</keyword>. Considering a strong rally in the Pharma space, we can expect a round of profit booking in the short run but the overall uptrend will remain intact. PSE stocks regained their lost spot as many of them have given a strong breakout from different patterns and we have identified some of them namely Engineers India , GMDC, MRPL, and SJVN", he said. IT giant TCS declared their Q1FY25 results. As Siddhesh Mehta, Research Analyst, SAMCO Securities highlighted, the company beat D-street estimates in terms of results. "The company reported a constant currency revenue growth of 4.4% in Q1FY25, up from 2.2% in Q4FY24. Despite the overall macroeconomic environment continuing to indicate uncertainty, with profits declining by 3.18% QoQ, all major markets displayed sequential growth. While revenue growth for India's largest IT services companies in Q1FY25 remains strong, profit and margin pressures persist", he continued. TCS opened the day in green, trading at Rs 4,018.8, up by 2.42%.

Stock market 12 July: Sensex inches up over 80k, LTI Mindtree, Tata Steel, BPCL take early lead

(Eds: Adds details) Ahmedabad, May 25 () The number of COVID-19 cases in worst-hit Ahmedabad district rose to 10,590 on Monday with detection of 310 more patients while the fatality count mounted by 25 to 722, a Health official said. A total of 136 patients were discharged from hospitals, taking the number of the recovered patients to 4,187, the official said, adding that the number of the active cases stands at 5,681. The Ahmedabad Municipal Corporation (AMC) on Monday said it had launched 80 mobile fever clinics on ambulances for conducting medical check-up of people by visiting various localities. These ambulances will also help in shifting patients to the nearest urban healthcare centres (UHCs) if required. These mobile clinics will consist of doctors and paramedics who provide free medicines to the people suffering from various health issues and take them to UHCs if needed, an official said. "These 80 ambulances will visit 325 spots in a day. They will conduct check up of people with symptoms and provide them medicines or take them to UHCs if needed. As many as 50,000 people have benefited with the service in the last three days," said Additional Chief Secretary Rajiv Gupta, appointed to oversee preparations to contain COVID-19 in Ahmedabad city. He said a dedicated helpline number '104' has been launched to call up doctors for medical examination and referral services. The AMC said it will organise a mango fair at GMDC ground in western Ahmedabad where relaxations have been eased considerably amidst the extended lockdown to help farmers. KA PD NSK NSK

Ahmedabad's COVID-19 cases up by 310 to 10,590; death toll 722

<img class="gwt-Image" src="/photo/49179841.cms" /> 
The <a href="http://www.businessinsider.in/searchresult.cms?query=Nifty">Nifty</a> and the <a href="http://www.businessinsider.in/searchresult.cms?query=Sensex">Sensex</a> eked out modest gains as the rally entered its third day on Thursday. The indices briefly dipped in the red around 11 a.m. but buying resurfaced to take them back up in the green. Here is a snapshot of the latest that is happening in the cash markets on the exchanges post noon. 
 
BENCHMARK INDICES 
<a href="http://www.businessinsider.in/searchresult.cms?query=Nifty+">Nifty </a>added 11 points at 7,960 points 
<a href="http://www.businessinsider.in/searchresult.cms?query=Sensex">Sensex</a> rose 91 points to 26,246 points 
 
BROADER INDICES 
CNX 100 Index rose 0.3% to 8,091 points 
CNX Mid Cap Index added 0.4% to 13,036 points 
CNX Small Cap Index rose 0.3% to 5,250 points 
 
SECTORAL INDICES 
CNX Pharma rose 1.5% to 13,114 points 
CNX Energy added 0.6% to 7,686 points 
CNX FMCG rose 0.3% to 20,020 points 
CNX IT lost 0.8% to 11,932 points 
CNX Auto fell 0.3% to 7,740 points 
 TOP <keyword id="6354813" type="COMPANY" weightage="100" keywordseo="nifty">NIFTY</keyword> GAINERS 
UltraTech 
Infosys 
Lupin 
 
TOP NIFTY LOSERS 
HCL Tech 
Zee Ent 
BHEL 
 
TOP TRADED ON NIFTY 
HCL Tech 
Lupin 
Infosys 
 
TOP VOLUME BUZZERS 
ICRA 
BASF India 
Gujarat Gas 
 
52-WEEK HIGHS 
Cadila Healthcare 
Dishman Pharma 
Balaji Telefilms 
 
52-WEEK LOWS 
GMDC 
Shiv-Vani Oil 
Gujarat Apollo Industries 
 
ADVANCE-DECLINE RATIOS 
NIFTY: 32/18 <keyword id="6484188" type="CITY" weightage="100" keywordseo="Sensex">SENSEX</keyword>: 20/10 
FUTURES: 86/78 
BROADER MARKET: 1,303/1,105 
 
Image credit: Indiatimes

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GMDC share price rises nearly 14% as commodity prices surge

IANS

Stock market 12 July: Sensex inches up over 80k, LTI Mindtree, Tata Steel, BPCL take early lead

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Ahmedabad's COVID-19 cases up by 310 to 10,590; death toll 722

PTI

Here's the simplest explanation to what's been happening at the Markets today

Shailendra Bhatnagar