Gift Nifty Up 75 Points | Infosys Joins Top 100 Brands | Haldiram Mulls IPO | Top Buzzing Stocks Today

Thu, 13 Jun Pre-Open

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Indian share continued the momentum as the session progressed and ended the on positive note

Indian bourses were seen trading with significant gains in Wednesday's intra-day trades, ahead of the inflation and IIP data later today.

At the closing bell on Wednesday, the BSE Sensex stood higher by 100 points (up 0.2%).

Meanwhile, the NSE Nifty closed higher by 44 points (up 0.2%).

Tech Mahindra, Coal India and Eicher Motors were among the top gainers.

M&M, HUL and Adani Ports, on the other hand, were among the top losers.

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

The BSE MidCap index and BSE SmallCap index ended 1% higher.

Barring FMCG sector, all other sectoral indices are trading on positive note with socks in energy sector, metal sector and power sector witnessing most buying.

Gold prices for the latest contract on MCX were trading flat at Rs 71,466 at the time of Indian market closing hours on Wednesday.

At 7:40 AM today, the Gift Nifty was trading up by 75 points at 23,444 levels.

Indian share markets are headed for a positive start today following the trend on Gift Nifty.

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Top buzzing stocks today

Brightcom Group share price will be in focus today.

The embattled Brightcom Group's stock price sank 5% in early trade on 12 June, after the firm reported its earnings for the quarter that ended September 2024.

On 16 May, Brightcom Group announced it was aiming to declare its quarterly results for the second and third quarters by 11 June. However, the firm has only shared the earnings report for the September quarter of 2023 so far.

Shipping Corporation of India will also be a top buzzing stock.

Shares of Shipping Corporation of India (SCI) surged by 7.5% on 12 June, driven by optimism surrounding a report that suggested that the company is heading closer to divestment.

A senior government official quoted in a moneycontrol.com report highlighted the strategic sale of SCI is expected to proceed without further delays, following the approval of a stamp duty waiver by Maharashtra.

Tata Communications Secures Broadcasting Deal

Tata Communications shares gained 2%in trade on 12 June after the Tata group firm announced a five-year broadcasting services deal with World Athletics.

The collaboration kicks off in another huge year for the sport, with 2025 including the World Athletics Indoor Championships in Nanjing in March, World Athletics Relays in Guangzhou in May and World Athletics Road Running Championships in San Diego in September, as well as the flagship World Athletics Championships in Tokyo.

The World Athletics Championships is an event which regularly draws a global viewing audience of one billion people.

It is an exciting time of new content and changing viewer demands. Tata Communications is ideally placed as a global connectivity provider to help World Athletics meet its ambition of bringing athletics and inspirational stories to fans around the world.

Infosys Joins Top 100 Brands

Information technology company Infosys on 12 June said it has been ranked among the 100 most valuable brands in the world, for the third consecutive year, by leading marketing data and analytics business Kantar.

Infosys is ranked as the #74 most valuable brand in the world and the #20 most valuable global B2B technology brand.

Infosys has been recognised for its capabilities in domains like enterprise artificial intelligence (AI) where emerging technologies like generative AI and foundational technologies like cloud.

Infosys' investments are paying rich dividends and have nurtured sub-brands such as Infosys Topaz for generative AI-powered solutions and Infosys Cobalt for enterprise cloud.

In preparation for an AI-first future, Infosys has reached almost 12 million people through its digital skilling initiative. This includes learning opportunities created by Springboard, the company's flagship reskilling programme, with free digital content served globally.

Infosys' brand ambassadors-tennis icons Rafael Nadal and Iga Swiatek-have deepened the brand's relevance as a digital transformation partner to the world.

Infosys is the second largest information technology company in India, following TCS. It provides both traditional and digital IT consulting services.

The company's digital services are highly regarded in the industry. About 57% of Infosys' revenues come from digital services, while the remaining 43% come from traditional services.

For more, check out This Defensive Sector is Poised for Rapid Growth.

Haldiram Mulls IPO

The owners of Haldiram Snacks are exploring a possible initial public offering for the food producer and restaurant operator as plans to sell it to foreign investors have stalled.

The Agarwal family is considering a listing as bids in the region of $8 billion to $8.5 billion didn't meet its valuation expectations of about $12 billion, according to the people, who asked not to be identified discussing private information.

The company known as Haldiram received bids in May from a Blackstone Inc.-led consortium featuring Abu Dhabi Investment Authority and GIC Pte, as well as one by Bain & Co. and Temasek Holdings Pte, local media has reported.

IPO considerations are preliminary and the controlling shareholders may still decide to lower their asking price and proceed with a sale.

India has turned into a hotspot for IPOs, with about $3.9 billion raised so far this year, double the same period in 2023 and more than Hong Kong and Korea combined.

For more information on IPOs, check out the list of upcoming IPOs.

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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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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