Gift Nifty Trades Flat | Paras Defence Bags a New Order | BSE Share Buyback | Top Buzzing Stocks Today

Tue, 4 Jul Pre-Open

   Previous Close   

   10:30 am   

   Closing   

On Monday, Indian share markets continued its momentum as session progressed and ended the day higher.

Benchmark indices extended their winning ways into fourth straight day on Monday, with the BSE Sensex breaching the 65,000 mark for the first time ever, propelled by bullish global market trends and foreign fund inflows.

At the closing bell on Monday, the BSE Sensex stood higher by 487 points (up 0.8%).

Meanwhile, the NSE Nifty closed up by 134 points (up 0.7%).

Grasim and BPCL were among the top gainers.

Sun Pharma and Cipla on the other hand, were among the top losers.

Check out the NSE Nifty heatmap to get the complete list of gainers and losers.

Broader markets ended higher. The BSE Midcap index ended 0.3% higher and BSE SmallCap ended 0.6% higher.

Sectoral indices ended on a mixed note with stocks in the oil & gas sector and energy sector witnessing most of the buying.

On the other hand, stocks from the power sector and auto sector witnessed selling pressure.

Shares of HDFC and M&M hit their 52-week highs.

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...

The rupee was trading at 81.9 against the US$.

Gold prices for the latest contract on MCX were trading 0.3% lower at Rs 58,054 per 10 grams at the time of Indian market closing hours on Monday.

At 7:55 AM today, the Gift Nifty was trading higher by 7 points at 19,447 levels.

Indian share markets are headed for a muted opening today following the trend on trend on Gift Nifty.

Speaking of stock markets, We Indians are very price conscious. No matter what we're buying, we always bargain first.

So, why don't we take the trouble to find bargains in the stock market? You see, most stocks are either trading at super-expensive valuation or they are trading way below their true worth because they are actually worthless stocks.

There are very few stocks in the market that you can call value for money stocks. But these value for money stocks are some of the safest stocks available in the market that you can buy at bargain prices. See the full video to discover this category of stocks where your downside is limited but upside potential is huge.

Top buzzing stocks today

Mazagon Dock Shipbuilders share price will be in focus today.

Yesterday, Mazagon Dock Shipbuilders announced that it has signed a contract worth Rs 27.3 with the Ministry of Defence.

The contract is for restoring INS Shankush, a submarine of the sub-surface killer (SSK) class. The delivery of the restored submarine is set for 2026.

The Indian Navy also announced that INS Shankush will be combat-ready and join the active fleet with its upgraded combat abilities.

Alembic Pharma will also be a top buzzing stock.

Alembic Pharmaceuticals on Monday announced that it received US Food & Drug Administration (USFDA) approvals on five of its Abbreviated New Drug Applications (ANDA) in the first quarter of 2023-24.

The company has received four final approvals that include Bepotastine Besilate Ophthalmic Solution, 1.5%, Nadolol Tablets USP, 20 mg, 40 mg, and 80 mg, Carboprost Tromethamine Injection USP, 250 mcg/mL Single-Dose Vials, Doxercalciferol Injection, Multiple-Dose Vials.

Besides these, the company has received one tentative USFDA approval for Doxycycline Capsules, 40 mg.

Paras defence bags a new order

On Monday, Paras Defence and Space Technologies announced that it secured a Rs 420 m contract for 400 agri- drones from IFFCO Nano Fertilizers.

A subsidiary of the defence company has received the contract for procurement of 400 units of agri-drones for IFFCO Nano Fertilisers, including two years' annual maintenance contract (AMC), totaling around Rs 424 million (m).

The broad breakup of the order size includes the value of deliveries, drones, accessories, and spares, which is approximately Rs 347 m, and the value of the AMC for two years estimated at Rs 77 m, totalling up to Rs 42.4 m.

The stock has gained more than 10% in the past month after the company entered into a joint venture agreement with Israel-based Controp Precision Technologies to manufacture, install, and provide logistics and after-sale support in the electro-optic infra-red field, in keeping with the Make in India initiative.

Paras will hold a 30% stake in the venture, while the remaining 70% will be held by Controp.

BSE to consider buyback proposal in next board meeting

Shares of the Bombay Stock Exchange (BSE) rose as much as 6% on Monday after the exchange announced that it will consider a buyback of equity shares.

The proposal will be considered at the company's board meeting on 6 July.

Share buybacks enable companies to generate additional shareholder value. Under regular market conditions, a portion of the profit used by the company to buyback equity shares has a positive impact on its share price.

Previously, BSE had declared a 2:1 bonus issue in 2022, meaning it issued two bonus shares for every one share held. The stock has been trading ex-bonus since March 2022.

For financial year 2023, BSE's net profit fell 16% year-on-year to Rs 2,056.5 m from Rs 2,449.3 m in financial year 2022. It had also declared an earlier dividend of Rs 13.5 in financial year 2023.

Eicher Motors' June sales data

On Monday Eicher Motors share price was rising on the back of better sales for June 2023.

Total sales of VE Commercial Vehicles Limited (VECV), a joint venture between the Volvo Group and Eicher Motors, were up 6.5% at 6,715 units from 6,307 vehicles in the year-ago period.

The domestic sales for VECV were up 12.4% at 6,277 units from 5,584 vehicles but exports were down 58.4% at 250 units against 601 units in the year-ago period.

The Eicher Royal Enfield motorcycles sales were up 26% at 77,109 units in June 2023 against 61,407 bikes YoY.

The sales of models with engine capacity of up to 350cc rose 36% at 68,664 units, while sales of motorcycles with engine capacity exceeding 350cc were down 23% at 8,445 units.

Exports were down 14% at 9,614 units from 11,142 YoY.

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!

Read the latest Market Commentary

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

10 results 25 results 50 results 100 results All results

Indian Share Market Update: Top Gainers and Losers