#OnCNBCTV18| Expect margin pressure to continue in the coming quarter as well. Government has taken steps to arrest inflation, will be reversed in the future, says Sampath Reddy of @BajajAllianzLIC pic.twitter.com/M9diwMKroN— CNBC-TV18 (@CNBCTV18Live) June 3, 2022
Indiabulls Housing Finance rises 7 percent in today’s trade
The housing finance company, Indiabulls Housing Finance rose 7 percent in today’s trade after it made the announcement yesterday that it made timely payment of interest in respect of the Unsecured Redeemable Non-Convertible Subordinated Debt in the nature of Debentures (NCDs) issued by it, on private placement basis.
Market at 12.00 Noon
Benchmark indices trade with a gain of around 1.0 percent, Sensex trading higher by more than 500 points, Nifty around 16,750
The Sensex was up 538.9 points or 0.97% at 56,357 and the Nifty was up 126.65 points or 0.76% at 16754.65. About 1819 shares have advanced, 1316 shares declined, and 129 shares are unchanged.
#OnCNBCTV18 | Import cover is going to become a concern as we move into 2HFY23. Expect a 50 bps hike from RBI in the June meet, says Santanu Sengupta of Goldman Sachs pic.twitter.com/pvx19Gw4Tk— CNBC-TV18 (@CNBCTV18Live) June 3, 2022
Inox Wind Limited completes allotment of equity shares and convertible warrants worth Rs. 402.50 Crore
Inox Wind Limited completes allotment of equity shares and convertible warrants worth Rs. 402.50 Crore wherein the promoters infused Rs. 150 Crore through preferential issue of equity shares. Samena Green Limited, Non Promoter- foreign company subscribed equity shares and convertible warrants aggregating Rs. 152.50 Crore.Lend Lease Company (India) Limited, Non Promoter has subscribed equity shares and convertible warrants aggregating Rs. 100 Crore. Promoters have also been allotted equity shares aggregating Rs. 485 Crore upon part conversion of 0.0001% Compulsory Convertible Preference Shares which were issued upon variation of the terms of 0.01% Non-Convertible, Non-Cumulative, Participating, Redeemable Preference Shares.
UltraTech’s capacity expansion announcement dulls the mood of cement stocksUltraTech’s capacity expansion announcement dulls the mood of cement stocks as they trade in red today
Noida International Airport selects Tata Projects Ltd as EPC Contractor
Yamuna International Airport Private Limited (YIAPL) has selected Tata Projects Ltd. to undertake the engineering, procurement, and construction (EPC) of Noida International Airport (NIA). Apart from Tata Projects, there were 2 other firms that were shortlisted. Tata Projects will construct the terminal, runway, airside infrastructure, roads, utilities, landside facilities and other ancillary buildings at the new airport. The target is to deliver a passenger terminal, runway, and other airport infrastructure with a capacity of 12 million passengers annually, by 2024. Zurich Airport International AG won the bid in 2019 to develop the airport and Yamuna International Airport Private Limited YIAPL is a 100% subsidiary of Zurich Airport International AG, which has been incorporated as a Special Purpose Vehicle (SPV) to develop the greenfield Noida International Airport in Jewar.
Market at 11.00 AM
Benchmark indices trade with a gain of around 0.8 percent, Sensex trading higher by around 450 points, Nifty just under 16,750
The Sensex was up 448 points or 0.8% at 56,267 and the Nifty was up 101.3 points or 0.6% at 16728.5. About 1826 shares have advanced, 1225 shares declined, and 135 shares are unchanged.
India’s services activity expands at over 11-year high to 58.9 in May
India’s services activity in May expanded at the strongest rate in over 11 years, according to the S&P Global India Services PMI Business Activity Index. The Services PMI rose to 58.9 in May from 57.9 in April. A reading above 50 indicates expansion in activity, while a sub-50 print is a sign of contraction.
Aether Industries opens with 10 percent premium, sees strong demand at opening
Aether Industries opens at Rs 704 a share,a 10 percent premium to its issue price of Rs 642 on NSE. It witnessed strong demand during the opening session and surged Rs 132.4 or 20.6 percent to Rs 774.4 in the opening trade. More than 38 lakh shares were traded.
#OnCNBCTV18 | Have increased our kit value from ₹7,000-8,000 to ₹50,000 in the EV space. Expecting margin to be better than earlier times, says Sunil Bohra of Minda Industries pic.twitter.com/NQe03kHMzR— CNBC-TV18 (@CNBCTV18Live) June 3, 2022
Adani Ports & SEZ sees strong business activity in May
Adani Ports & SEZ sees strong business activity in May as it witnessed a year on year growth of 4 percent in the cargo volume at 30.37 MT. Coal volumes also rose by 6 percent on year aided by both the thermal and coking coal volumes. Thermal coal volumes were up 5 percent on year while coking coal volume was higher by 9 percent. Overall, 7 percent volume growthw as recrded at Mundra, 35 percent at Dhamra, 42 percent at Dahej while Kattupalli & Ennore combined registered a volume growth of 50 percent in May.