Stock Market Today: The domestic indices NSE Nifty 50 and BSE Sensex had a poor start on Wednesday, as indicated by the GIFT Nifty, which fell 36 points to 23,684.50. On June 25, the benchmark Sensex and Nifty of India ended at new all-time highs driven by rises in IT and financial companies. The market upswing occurs one day after RBI statistics revealed that the current account surplus for the fourth quarter of the fiscal year 2023–24 was $5.7 billion, or 0.6% of GDP.
With significant investments from both FIIs and DIIs, who have combined to infuse almost Rs 28,500 crore into the cash markets during the previous 11 trading sessions, the Sensex has crossed the 78,000 barrier, indicating robust cash-buying activity in the market.
Stock Market Today: Stocks in focus
Adani Ports
As a division of the Adani Group, Adani Ports and Special Economic Zone Limited (APSEZ) is a multinational Indian port operator and logistics provider. With a network of 12 ports and terminals, including the country’s first port-based Special Economic Zone (SEZ) in Mundra and its first deepwater transshipment port in Thiruvananthapuram, APSEZ is the biggest private port operator in India. The Adani group company announced in a report to the BSE that Sushant Kumar Mishra has resigned as CEO of Logistics with effect from June 25 owing to internal restructuring. As on the same date, Divij Taneja has been appointed CEO of Logistics.
ZEE Entertainment
ZEE is the go-to source for entertainment in the world today because to an integrated team that produces and delivers amazing content. According to ZEE, the NCLT has granted the company’s request to withdraw its application for the implementation of the Composite Scheme of Arrangement between the company, Culver Max Entertainment Private Limited, and Bangla Entertainment Private Limited, as well as their respective shareholders and creditors. The company is free to take legal action as needed to pursue its legal remedies.
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