Quick Wrap: Nifty Auto Index rises 1.50%
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Business Standard
43 minutes ago
- Business Standard
Stock Market LIVE: Nifty, Sensex off lows; HDFC Bank, Infy gain; Bulls ahead in breadth; SMIDs waver
Sensex Today | Stock Market LIVE on Wednesday, July 16, 2025: In the broader markets, the Nifty MidCap index was up 0.16 per cent, while the Nifty SmallCap index was flat 11:07 AM Stock Market LIVE Updates: 11 AM Update- Sensex down 170 pts; Nifty below 25,150 Stock Market LIVE Updates: BSE Sensex, around 11 AM, was lower by 170 points or 0.20 per cent at 82,404 and NSE Nifty50 was at 25,141.7, down 54.1 per cent or 0.21 per cent. Selling was seen in metal, pharma, auto, and private bank counters. 10:45 AM Stock Market LIVE Updates: Bernstein expects markets to consolidate; sees Nifty at 26,500 by 2025-end Stock Market LIVE Updates: After a sharp run from April lows that saw the Nifty 50 index rise nearly 13 per cent till date, analysts at Bernstein expect the markets to undergo a consolidation phase amid mixed macro-economic signals. They maintain a calendar year-end target of 26,500 for the Nifty 50, which is a modest 5.1 per cent higher from the current levels. READ MORE 10:18 AM Stock Market LIVE Updates: HDFC Bank stock up 1% as board to mull bonus, special dividend on July 19 Stock Market LIVE Updates: HDFC Bank shares gained 1.3 per cent at ₹2,021.90 on the BSE in Wednesday's intra-day trade after the bank said it shall consider its maiden bonus issue on Saturday, July 19, 2025. The board will also consider a special dividend on equity shares for the financial year 2025-26 (FY26). The stock price of the private sector lender was trading close to its record high of ₹2,027.90 touched on June 26, 2025. In the past six months, HDFC Bank has outperformed the market by surging 22 per cent, as compared to 7 per cent rise in the BSE Sensex. READ MORE Connect with us on WhatsApp
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Business Standard
an hour ago
- Business Standard
Centrum Capital shares gain 5% as board approves ₹172.56 crore fundraise
Shares of Centrum Capital rose nearly 5 per cent on Wednesday after the company's board approved a proposal to raise ₹172.56 crore through a preferential issue. The Smallcap stock rose as much as 4.6 per cent during the day to ₹41.9 per share, the highest level since August 2024. The stock pared some gains to trade 1 per cent higher at ₹40.4 apiece, compared to a 0.21 per cent decline in Nifty 50 as of 10:20 AM. Shares of the company rose for the third straight day on Wednesday and currently trade at 6 times the average 30-day trading volume, according to Bloomberg. The counter has risen 22 per cent this year, compared to a 6.3 per cent advance in the benchmark Nifty 50. Centrum Capital has a total market capitalisation of ₹1,674.53 crore. Centrum Capital approves ₹173 crore fundraise Centrum Capital, on Tuesday, said its board has approved a proposal to raise up to ₹172.56 crore through a preferential issue of equity shares. The company will issue up to 5.02 crore equity shares at a price of ₹34.38 per share, including a premium of ₹33.38 per share, to non-promoter investors. A total of 55 investors will participate in the issue, the company said in an exchange filing. In May, the company's board had approved a preferential issue of 7.01 crore convertible warrants to promoter group entity JBCG Advisory Services, aggregating to nearly ₹200 crore. The issue price was set at ₹28.52 per warrant, representing a 15.5 per cent discount to the prevailing market price at the time. About Centrum Capital The company, a SEBI-registered Category-I merchant banker, is engaged in investment banking and offers a comprehensive suite of financial services, including equity capital markets, private equity, corporate finance, project finance, and stressed asset resolution. On a consolidated basis, Centrum Capital reported a net loss of ₹20.50 crore in the quarter ended March 2025, compared with a net profit of ₹1.61 crore in the same quarter last year. Total income rose 78.40 per cent year-on-year to ₹1,173.90 crore in Q4 of March 2025.
Time of India
2 hours ago
- Time of India
Stock market update: Nifty Auto index falls 0.81% in a weak market
NEW DELHI: The Nifty Auto index traded negative around 10:30AM(IST)on Wednesday in a weak market. Tube Investments of India Ltd.(up 0.05 per cent) were among the top gainers. Hero MotoCorp Ltd.(down 1.46 per cent), Exide Industries Ltd.(down 1.38 per cent), Mahindra & Mahindra Ltd.(down 1.04 per cent), Ashok Leyland Ltd.(down 1.0 per cent) and Tata Motors Ltd.(down 0.94 per cent) were the top losers on the index. The Nifty Auto index was down 0.81 per cent at 23711.5 at the time of writing this report. Benchmark NSE Nifty50 index was down 49.85 points at 25145.95, while the BSE Sensex was down 153.4 points at 82417.51. Live Events Among the 50 stocks in the Nifty index, 16 were trading in the green, while 34 were in the red. Shares of JP Power, Vodafone Idea, Network18 Media, Ola Electric Mobilit and RattanIndia Power were among the most traded shares on the NSE. Shares of Fischer Chemic, Magellanic Cloud, Sangam Renewables, Mas Fin Services and Ddev Plastiks Ind hit their fresh 52-week highs in today's trade, while LCC Infotech, HDB Financial Servic, Vipul Ltd, Pritish Nandy and Welspun Investments hit fresh 52-week lows in trade.
