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Overseas investors remained net buyers of Indian equities on Wednesday.
Foreign portfolio investors mopped up stocks worth Rs 12,350 crore, according to data from the National Stock Exchange. This is the highest value of buying since March 2.
Domestic institutional investors remained net sellers for the second straight day and offloaded equities worth Rs 1,021.01 crore, the NSE data showed.
Foreign institutions have net bought Rs 32,344 crore worth of equities in June. They have been net buyers of Rs 61,603 crore worth of Indian equities so far in 2023, according to the National Securities Depository Ltd.
HDFC Life has 1.66 crore shares or 0.77% equity change hand in a large trade
HDFC likely buyer, as it previously got CCI nod to hold over 50% stake in HDFC Life
Source: Bloomberg
Metal stocks gain after China’s Premier Li Qiang said China was on course to “achieve 5% target economic growth" in 2023.
-JSW Steel gains over 5% as JSW Vallabh Tinplate & Vardhman Industries merged with JSW Steel Coated Products, effective from June 26.
Top contributors: JSW Steel, Adani Enterprises, JSPL.
The broader market indices were trading higher; the S&P BSE MidCap Index was up 0.37%, whereas S&P BSE SmallCap Index was 0.31% higher.
All the 20 sectors compiled by BSE advanced with S&P BSE Services and S&P BSE Metal gaining the most.
The market breadth was skewed in the favour of the buyers. About 1,884 stocks rose, 1,453 declined, while 149 remained unchanged on the BSE.
BEML secures orders worth Rs 385 crore from Bharat Dynamics and Bharat Electronics for the supply of high mobility vehicles.
Source: Exchange filing
GQG, IHC and other investors bought Adani Group shares worth nearly $1 billion in today’s block deal.
GQG, IHC & other investors bought shares of Adani Enterprises Ltd. and Adani Green Energy Ltd. from the Adani family.
Alert: Adani Green Energy had about 11.4 lakh shares or 2.2% equity change hand in 24 large trade.
Alert:Adani Enterprises had about 1.8 crore shares or 1.6% equity change hand in a large trade.
Source: Sources to BQ Prime
Adani Green Energy has about 11.4 lakh shares or 2.2% equity change hand in 24 large trades
Adani Enterprises has about 1.8 crore shares or 1.6% equity change hand in a large trade
The buyers and sellers were not known immediately
Source: Bloomberg
The broader market indices outperformed its larger peers; the S&P BSE MidCap Index was up 0.46%, whereas S&P BSE SmallCap Index was 0.56% higher.
Eighteen out of the 20 sectors compiled by BSE advanced with S&P BSE Services gaining the most. On the other hand, S&P BSE Utilities and S&P BSE Power declined.
The market breadth was skewed in the favour of the buyers. About 1,837 stocks rose, 539 declined, while 102 remained unchanged on the BSE.
Source: BSE
At pre-open, the S&P BSE Sensex Index was up 286 points or 0.45% at 63,701.78 while the NSE Nifty 50 Index was 91 points or 0.48% higher at 18,908.15.
Source: Bloomberg
Nifty hits record high at 18,908.15 points in pre-open session.
Sensex hits record high at 63,701.78 5 points in pre-open session.
Source: Bloomberg
The yield on the 10-year bond opened flat at 7.07% on Wednesday.
Source: Cogencis
The local currency strengthened 3 paise to open at 82 against the U.S dollar on Wednesday.
The local currency closed at 82.03 on Tuesday.
Source: Bloomberg
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