Market UpdateMarket Update The Indian stock market opened higher today, with the Nifty futures trading at 23,573.50, indicating a positive start for the broader index. The GIFT Nifty gained 37 points. India’s Benchmark Indices Close Higher On June 24, India’s benchmark indices, the Nifty and Sensex, ended the session with gains. The Nifty closed at 23,537.85, up 36.75 points (0.16%), while the Sensex gained 131.18 points (0.17%) to close at 77,341.08. Auto, capital goods, energy, and FMCG stocks supported the Nifty’s rise above 23,500. Top Gainers and Losers The biggest gainers on the Nifty were Cipla, IndusInd Bank, Adani Ports, Coal India, and Tata Steel. The biggest losers included M&M, Shriram Finance, Power Grid Corporation, Sun Pharma, and Grasim Industries. Stocks in Focus Shree Cement: * India’s third-largest cement manufacturer, Shree Cement, has achieved an installed capacity of 1,000 MW at its 19.5 MW solar power plant in Andhra Pradesh. * The company has a market capitalization of Rs 1,35,170.55 crore. Maruti Suzuki: * India’s largest automaker, Maruti Suzuki, has received a GST notice of Rs 5.4 crore for the period July 2017 to March 2023. * The company holds a 42% market share in the Indian passenger car segment. Disclaimer: This information is provided solely for educational purposes. Investing involves market risks and should be done after consulting with a financial expert. DNP News Network Private Limited and its authors do not recommend specific investment decisions.
Fair today: The GIFT Nifty, which gained 37 points, suggests the broader index is off to a good start in India. Around 23,573.50 was the trading level for the Nifty futures. On June 24, India’s benchmark indices closed with gains during a tumultuous session. The Nifty was able to maintain its level above 23,500 on the back of support from auto, capital goods, energy and FMCG companies. By the close, the Nifty was 36.75 points, or 0.16 percent, higher at 23,537.85, while the Sensex had gained 131.18 points, or 0.17 percent, to 77,341.08. The biggest gainers were Cipla, IndusInd Bank, Adani Ports, Coal India and Tata Steel; The biggest losers were M&M, Shriram Finance, Power Grid Corporation, Sun Pharma and Grasim Industries.
Stock market today: stocks in focus
Shree Cement
Shree Cement, currently headquartered in Kolkata, is the second largest cement company by market capitalization and the third largest cement manufacturer in India. With an installed capacity of 46.9 million tonnes in India and 50.9 million tonnes abroad, Shree Cement has grown from a production capacity of 2 million tonnes to become the third largest cement manufacturer in the country in the last two decades. Shree Cement, India’s third largest cement manufacturer, said the 19.5 MW solar power plant at its unit in Andhra Pradesh had reached an installed capacity of 1,000 MW.
Maruti Suzuki
The Indian division of Suzuki Motor Corporation, a Japanese automaker, is called Maruti Suzuki India Limited. The company led the Indian passenger car market with a market share of 42 percent in September 2022. A GST notice of Rs 5.4 crore has been sent to Maruti Suzuki, India’s largest automaker, for the period July 2017 to March 2023.
Disclaimer: (This information is provided for informational purposes only. It is important to note that investing in the market or any business idea involves market risks. Before investing money as an investor/owner/partner, you should always consult an expert. DNP News Network Private Limited or its author never recommends investing money in stocks or any specific business idea. We are not liable for any financial losses.)
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