Sensex Today | Nifty 50 | Stock Market Live Updates: Domestic equity markets closed lower on Monday, with the Nifty falling 0.5% to settle at 23,946, slipping below the key 24,000 level.
The decline was led by profit booking after renewed geopolitical tensions over the weekend, while Information Technology and Auto stocks also came under selling pressure.
Shares of Mahanagar Gas (MGL) have surged 23% over the past three months, supported by expectations of stronger sales volumes and rising customer additions as the government's push to expand the adoption of piped natural gas (PNG) gains momentum amid global supply chain disruptions. The company plans to grow its PNG customer base by 20% from the current 20 lakh users in the near term, a move that is expected to drive a 12% increase in PNG consumption.
India has reclaimed the fifth spot in the global stock market capitalisation rankings, overtaking Taiwan after a correction in the latter's AI-driven equity rally eroded its market value. As of Wednesday, India's total market capitalisation stood at $5.04 trillion ($5,041.75 billion), marginally ahead of Taiwan's $4.97 trillion ($4,970.29 billion). This marks India's second rise in the rankings in recent weeks. Earlier in mid-June, the country had surpassed South Korea to regain the sixth position after briefly slipping to seventh.
OYO parent Prism, formerly Oravel Stays, has filed an updated DRHP with SEBI for a Rs 6,650 crore IPO entirely through a fresh issue. Proceeds will primarily repay borrowings, with remaining funds for corporate use. The company may also undertake a pre-IPO placement before listing plans progress further. Read more
U.S. stocks ended sharply higher on Monday, with the Dow Jones Industrial Average closing at a record high, as easing tensions between the United States and Iran lifted investor sentiment. Technology stocks also rebounded after recent selling pressure, providing further support to the broader market. Meanwhile, Reuters reported, citing a source, that Iranian and U.S. technical teams are expected to meet in Doha in the coming days to discuss the implementation of an interim peace agreement, after weekend military strikes had threatened to derail the fragile
Asian equities advanced on Monday, putting the regional benchmark on course for its strongest quarterly performance in 17 years, led by gains in technology stocks. Meanwhile, the Japanese yen weakened to a four-decade low against the US dollar, highlighting persistent pressure on the currency.
The Indian stock market snapped its two-session winning streak on Monday, with benchmark indices ending sharply lower as renewed tensions between the US and Iran in the Middle East dampened investor sentiment. The Sensex fell 372 points, or nearly 0.5%, to close at 76,728, while the Nifty 50 declined 110 points to settle at 23,946. The decline also coincided with the quarterly rebalancing of several NSE indices, which took effect during the trading session.