POST MARKET
Indian equity benchmarks witnessed strong buying on June 12, with the Nifty climbing above the 23,600 mark and the Sensex rallying over 1,600 points, aided by easing crude oil prices, a stronger rupee and positive global cues.
Sectorally, all indices closed in positive territory. Consumer durables, realty, telecom, banking, auto, media, oil & gas and metal indices gained 1-2 percent.
The broader market outperformed the benchmarks, with the Nifty Midcap 100 and Nifty Smallcap 100 indices rising more than 2 percent each.
STOCKS IN NEWS
MTAR Technologies, Walchandnagar
Shares of MTAR Tech, Walchandnagar Industries, Power Mech Projects rose more than 13% and 9% on June 12 a day after the finance ministry waived customs duties on all goods imported for nuclear power generation, covering imports made between April 1, 2019 and January 31, 2026.
JSW Infrastructure
Shares of JSW Infrastructure Ltd surged over 5% on Friday after a report emerged saying the company is evaluating a qualified institutional placement (QIP) to raise around Rs 6,000 crore.
Vodafone Idea
Shares of Vodafone Idea Ltd gained over 5% on Friday after non-executive chairman Kumar Mangalam Birla sought to reassure investors about the telecom operator’s turnaround prospects and outlined fresh promoter funding plans.
Hitachi Energy India
Hitachi Energy India shares rose more than 3 percent on Friday after the company announced plans to invest around Rs 2,000 crore to set up a new large power transformer facility in Vadodara, Gujarat.
Source: Mint, Moneycontrol.