Sensex Today Trades Marginally Lower | Nifty Below 23,300 | IRB Infra Declines 8%, IndiGo 3%

Tue, 11 Jun 10:30 am

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Asian stocks were muted in early trade, following a subdued session on Wall Street as investors positioned for this week's Federal Reserve decision and US inflation data.

Markets in Japan posted early gains while those in Australia edged lower as they reopened after a public holiday.

All three major indexes closed higher on Monday - with the S&P 500 and Nasdaq both notching fresh records.

Here's a table showing how US stocks performed on Monday:

Stock/Index	LTP	Change ($)	Change (%)	Day High	Day Low	52-Week High	52-Week Low
Alphabet	176.63	0.88	0.50%	178.47	174.38	179.95	115.83
Apple	193.12	-3.77	-1.91%	197.3	192.15	199.62	164.08
Meta	502.6	9.64	1.96%	502.66	493.41	531.49	265.33
Tesla	173.79	-3.69	-2.08%	178.57	173.17	299.29	138.8
Netflix	644.5	3.03	0.47%	644.79	635.59	664.25	344.73
Amazon	187.06	2.76	1.50%	187.23	183.79	191.7	118.35
Microsoft	427.87	4.02	0.95%	428.08	423.89	433.6	309.45
Dow Jones	38868.04	69.05	0.18%	38877.9	38665.5	40077.4	32327.2
Nasdaq	19074.67	73.72	0.39%	19089.8	18940.7	19113.88	14058.33

Source: Equitymaster

At present, the BSE Sensex is trading 36 points lower and NSE Nifty is trading 10 points lower.

ONGC, L&T, M&M among the top gainers today.

Asian Paints, ICICI Bank and Kotak Mahindra the other hand are among the top losers today.

For a comprehensive overview of key players in the financial sector, check out list of Fin Nifty Companies.

For impact of the Bank Nifty companies and comprehensive overview of the index, check out Equitymaster's Bank Nifty Companies list.

Broader markets are trading on positive note. The BSE Midcap index is trading 0.2% higher and the BSE Smallcap index is trading 0.5% higher.

Sectoral indices are trading mixed, with socks in realty sector, power sector and capital goods sector witnessing buying. Meanwhile stocks in finance sector and banking stocks witnessing selling pressure.

The rupee is trading at Rs 83.5 against the US dollar.

In commodity markets, gold prices are trading 0.4% lower at Rs 71,160 per 10 grams today.

Now track the biggest movers of the stock market using stocks to watch today section. This should help you keep updated with the latest developments...

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Siemens-RVNL Consortium Bags Bangalore Metro Rail Project

State-owned RVNL on Monday (10 June) said the Siemens-RVNL consortium has received a letter of acceptance from Bangalore Metro Rail Corporation (BMRCL) for a project valued at Rs 3.9 bn.

This project involves the engineering, supply, erection, testing, and commissioning of 33 KV distribution, 750V DC third rail traction electrification, including traction substations, auxiliary substations, and SCADA systems for phase-2A and phase-2B of the Bangalore Metro.

Siemens holds a 70% stake in the consortium, while Rail Vikas Nigam Ltd holds the remaining 30%.

RVNL reported a 33.2% year-on-year jump in net profit at Rs 4.8 bn for the fourth quarter that ended 31 March 2024. In the corresponding quarter in FY23, Rail Vikas Nigam posted a net profit of Rs 3.6 bn.

The company's revenue from operations increased 17.4% to Rs 67.1 bn against Rs 57.2 bn in the corresponding period of the preceding fiscal. At the operating level, EBITDA rose 21.8% to Rs 4.6 bn in the fourth quarter of this fiscal over Rs 3.7 bn in the year-ago period.

RVNL is an executing arm of Indian Railways and works for and on behalf of the ministry for projects assigned to it for execution.

Tata Motors to Kaunch Multiple EVs

Tata Motors showcased its Avinya concept electric car back in April 2022. The concept Avinya, derived from the Sanskrit language, stands for 'Innovation', claimed Tata Motors then. The company then said it would launch the Avinya in 2025.

Now, according to a report by Auto Car India, Tata is planning to bring the Avinya as an electric car brand rather than a single vehicle. The Indian carmaker plans to launch multiple products, Vivek Srivatsa, chief commercial officer, of Tata Passenger Electric Mobility.

Originally inspired by a catamaran, the Avinya concept is an uncompromising vision for electric mobility says Tata Motors.

With a new silhouette, this concept is a mixology of the best of the worlds - it is a product that combines the essence of a premium hatch with the luxuries and versatility of an SUV and the roominess and functionality of an MPV - all put together to create something new and beautiful.

A significant highlight on the front and the rear of the vehicle is the new identity. This new identity as a part of the DRL is a subtle nod to our commitment to enhancing the quality of life and is a pivotal step in the evolution of EVs. It is also the manifesto and emphasises the Horizon and the Infinite possibilities that the Gen 3 electrification will offer.

Pioneered out of India for the world, this global platform offers high structural safety and has the next level of waterproofing and dust protection, making it ready for all forms of terrains.

PVR Inox to Dial Up F&B Revenue

Multiplex chain PVR Inox is focusing on growing its fastest-growing segment -- food and beverage (F&B) for which it is partnering with brands like food discovery, table reservation and restaurant payment platform EazyDiner.

The multiplex operator will be offering its customers up to 25% discount on popcorn, Pepsi and more for payments done via EazyDiner.

Renaud Palliere, Chief TLC & Innovation at PVR INOX, expects customer retention and footfalls to increase due to such initiatives. Industry-wide footfalls in theatres have been down by 25-30%.

Box office business has currently been erratic with less supply of movies in 2024 and cinemas like PVR Inox have been focusing on growing the F&B business. Amid dwindling footfalls, higher spending per head (SPH) is helping theatres stay afloat.

To grow the F&B business, PVR has already been offering discounts and deals on food and beverages. The company's revenue from F&B sales grew 21% in FY24, higher than the sales from movie tickets, which registered a 19% growth in the last financial year.

To know what's moving the Indian stock markets today, check out the most recent share market updates here.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

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Top Gainers TodayTop Gainers over 1-WeekTop Gainers over 1-MonthTop Gainers over 1-YearTop Gainers over 3-YrsTop Gainers over 5-YrsTop Losers TodayTop Losers over 1-WeekTop Losers over 1-MonthTop Losers over 1-YearTop Losers over 3-YrsTop Losers over 5-YrsOnly BuyersOnly SellersMost Active StocksMost Popular Stocks52 Week High Stocks52 Week Low Stocks

INDICESBSE (Rs 0 to 1)BSE (Rs 1 to 2)BSE (Rs 2 to 4)BSE (Rs 4 to 10)BSE (Rs 10 to 20)BSE (Above Rs 20)BSE - AllBSE-30BSE-100BSE-200BSE-500BSE AutoBSE BankexBSE Capital GoodsBSE Consumer DurablesBSE FMCGBSE HealthcareBSE ITBSE MetalBSE Oil & GasBSE PSUBSE TeckBSE RealtyBSE PowerBSE A GroupBSE B GroupBSE Mid-CapBSE Small-CapBSE Basic MaterialsBSE Consumer DiscretionaryBSE IndustrialsBSE UtilitiesBSE Sensex 50BSE Sensex Next 50BSE Bharat 22BSE 150 MidCapBSE 250 SmallCapBSE 250 LargeMidCapBSE 400 MidSmallCapBSE AllCapBSE LargeCapBSE SmallCap SelectBSE 100 LargeCap TMCBSE InfraBSE ManufacturingBSE CPSEBSE Private BankBSE Diversified FinancialsBSE MomentumBSE Low VolatilityBSE QualityBSE Enhanced ValueBSE Divident StabilityS&P BSE IPOBSE SMEIPOBSE 100 ESGBSE CarbonexBSE GreenexNSE (Rs 0 to 10)NSE (Rs 10 to 20)NSE (Above Rs 20)NSE - AllNSE-50NSE ITNSE Nifty Midcap 50NSE JR. NiftyNSE Bank NiftyNIFTY Next 50NIFTY 100NIFTY 200NIFTY 500NIFTY MidCap 100NIFTY SmallCap 250NIFTY SmallCap 50NIFTY SmallCap 100NIFTY LargeMidCap 250NIFTY MidSmallCap 400NIFTY AutoNIFTY Consumer DurablesNIFTY FinanceNIFTY FMCGNIFTY MediaNIFTY MetalNIFTY PharmaNIFTY Private BankNIFTY PSU BankNIFTY RealtyNIFTY Oil & GasNIFTY SME EmergeNIFTY CommoditiesNIFTY CPSENIFTY EnergyNIFTY India ConsumptionNIFTY InfraNIFTY MNCNIFTY PSENIFTY Serv SectorNIFTY100 Liquid 15NIFTY Midcap Liquid 15NIFTY Midcap 150 Quality 50NIFTY50 Equal WeightNIFTY100 Equal WeightNIFTY100 Low Volatility 30NIFTY100 Alpha 30NIFTY Alpha 50NIFTY Dividend Opportunities 50NIFTY High Beta 50NIFTY Low Volatility 50NIFTY200 Quality 30NIFTY 500 Value 50NIFTY 100 Quality 30SECTORSAgricultureAirlinesAluminiumAsset Management CompaniesAutomobilesAuto AncillariesBanks (Private)Banks (PSU)BankingCementChemicalsDefenceDiagnosticsDronesEngineeringElectric VehicleElectric Vehicle BatteryEnergy SourcesESGEthanolFertilizersFintechFMCGFoodGreen HydrogenHotelsInfrastructureInsuranceInvestment and FinanceInvITIT (Large)IT (Others)LogisticsMediaMetalMiningIndia's Big Tech StocksIndian PharmaMNC PharmaPSUPaintPaperPlasticPowerRating AgenciesReal EstateREITsRenewable EnergyRetailingSemiconductorShippingSteelSugarSupply ChainTelecomTextilesTravel Support Services

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