Stock Market Update: Sensex, Nifty End In Green As Investors Eye F&O Settlement Week

The Indian stock market ended Monday's trading session in the green, with the BSE Sensex rising by 131.18 points, or 0.17 percent, to 77,341.08, and the Nifty 50 increasing by 36.75 points, or 0.16 percent, to 23,537.85.

The market was primarily led by mixed global cues and anticipated continued volatility due to the ongoing F&O settlement week. Despite the slight movements, analysts forecast big profits for those who invest wisely. Also, Adani Ports, Coal India, and Tata Steel were among the top losers.

Meanwhile, Route Mobile stock jumped 15 percent, extending its partnership with Billeasy E Solutions Pvt Ltd (Billeasy), enabling WhatsApp-based ticket booking, for Pune, Hyderabad, and Nagpur metros, in addition to Delhi. Prestige Estates Projects rose 3 percent on Monday after the board approved fundraising plans of ₹5,000 via qualified institutional placement (QIP) on June 21, 2024.

In other news, Indian Gems & Jewellery imports saw a substantial rise of 23.61 percent in May 2024, while exports declined by 6.14 percent, according to data released by the Gems and Jewellery Export Promotion Council (GJEPC).

Mr. Colin Shah, MD, Kama Jewelry, attributed the rise to the robust demand seen in the domestic market as the country gears up for the upcoming festival season. Analysts are optimistic that the upcoming festival season will be a turning point for the industry.

In other news, Motilal Oswal Financial Services signed an MoU with IIM Mumbai to revolutionize financial and capital markets understanding at the campus through research, sustainable learning, and development.

C.E. Info Systems Limited's MapmyIndia launched ClarityX in partnership to enhance enterprise offerings with AI-driven data analytics and consulting services. The stock fell by 4.58 percent on the BSE. Man Industries (India) Limited achieved CE Certification for its Anjar, Gujarat plant, confirming compliance with EU safety and quality standards for API 5L SAW and ERW Lines used in Oil & Gas applications. The stock traded up by 5.39 percent to ₹1,197 on the BSE. Seamec Limited demobilized vessels "SEAMEC PRINCESS" and "SEAMEC III" from Pipeline Replacement Project VII (PRP-VII RTR) under the Posh India Offshore and Larsen & Toubro consortium due to monsoon onset. The shares traded at ₹1,197, up 5.39 percent on the BSE.

Hilton Metal Forging launched Wagon Axle for the domestic railway sector, aiming to reduce import dependence and support "Make in India" initiative. The stock traded down by 1.38 percent to ₹107.45 on the BSE. Birla Estates acquired a land parcel in Pune to develop residential housing, spanning 32 lakh sq ft, with a revenue potential of ₹2,500 crore. The shares rose by 4.41 percent to ₹2,313 on the BSE.

NSE Nifty was up

Read more