Share Market News July 5: Mahindra & Mahindra, Bajaj Auto, GPT Infraprojects, Escorts Kubota, Piramal Enterprises, other stocks to track today
Share Market News July 5: Domestic equity benchmarks Nifty50 and Sensex registered mild gains to record closing highs on Thursday, led by gains in IT and auto shares though losses in financial stocks kept the upside in check. Here's a list of stocks set to be in focus on July 5, the last trading session of the week.
Share Market News July 5: Domestic equity benchmarks Nifty50 and Sensex registered mild gains to record closing highs on Thursday driven by buying interest in IT and auto shares though selling pressure in financial stocks kept the upside in check. Both headline gauges finished the day about 0.1 per cent higher, with the Sensex gaining 62.9 points to 80,049.7 and the Nifty50 settling at 24,302.2, up 15.7 points for the day.
Tata Motors, HCLTech, ICICI Bank, Sun Pharma, TCS and Infosys - closing between 1.3 per cent and 2.8 per cent higher - rose the most among the 23 gainers in the Nifty50 basket. On the other hand, HDFC Bank, Bajaj Finance, Adani Enterprises, Wipro and Tech Mahindra - falling between 1.2 per cent and 2.3 per cent - were the top losers.
As investors await the onset of a new quarterly results season due next week for domestic cues, here's a list of stocks set to be in focus on July 5 - the last trading session of the week:
- Bajaj Auto is scheduled to roll out the world's first CNG motorcycle in Pune on Friday.
- GPT Infraprojects' board is scheduled to meet on the same day to consider raising funds.
- A bunch of stocks are slated to trade ex-divvidend on July 5, including Mahindra & Mahindra (M&M), Escorts Kubota, Navin Fluorine International, Thermax, Redington, Nucleus Software Exports, Milkfood, Futuristing Solutions, Biocon, Bharat Forge, Balkrishna Industries, AstraZeneca Pharma and Apollo Tyres.
- ixigo reported a 97.7 per cent surge in its consolidated net profit to Rs 8.9 crore for the quarter ended June 30, while its revenue grew about 20.4 per cent to Rs 165 crore.
- HDFC Bank registered 52.6 per cent year-on-year growth in gross advances while its deposits increased 24.4 per cent as of June 30, according to a business update.
- IDBI Bank clocked 17 per cent growth in net advances while its total deposits increased 13 per cent, as of June 30, according to a regulatory filing.
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