POST MARKET
The Indian stock market’s benchmark indices, Sensex and Nifty 50, snapped their four-day losing run on Tuesday, 2 June, amid gains in IT heavyweights and value buying.
Among sectoral performers Auto, FMCG and consumer durables were among the other top sectoral gainers today. On the other hand, pharma emerged as the top laggard with over 0.8% fall.
The broader markets also gained but underperformed the benchmark indices. NSE Midcap 100 added 0.19%, and the Nifty Smallcap 100 rose 0.40%.
STOCKS IN NEWS
Coforge
Shares of Greater Noida-based IT services company Coforge surged more than 3% on Tuesday after the company unveiled Nexa, an artificial intelligence platform tailored for the insurance sector.
Acme Solar Holdings
Shares of Acme Solar Holdings Ltd rose 9% sharply on Tuesday after the renewable energy company launched a qualified institutional placement (QIP) to raise up to Rs 2,800 crore, with the proceeds earmarked largely for debt reduction and general corporate purposes.
Infosys, TCS
The Nifty IT extended its rally on Tuesday, with Infosys and TCS shares jumping about 6 percent each, bucking weakness in the broader market. Investors continued to pile into information technology shares amid growing optimism that the global artificial intelligence (AI) boom is leading to stronger demand for their products and services.
NHPC
Shares of state-run hydropower producer NHPC Ltd fell nearly 7 percent on Tuesday after the government launched an offer for sale (OFS) to divest up to a 6 percent stake in the company at a discount to the prevailing market price.
Source: Mint, Moneycontrol
