Stock Market Today: The Nifty 50 and Sensex benchmark indices are expected to open lower today, following signals from GIFT Nifty trading around 24,409.50. The Nifty was down 30.20 points, or 0.12 percent, at 24,479, while the Sensex fell 73.04 points, or 0.09 percent, at 80,429.04 yesterday. As traders evaluated July business activity data from Australia, tech profits from the United States, and awaited Japan PMI figures, Asian markets were trading down on Wednesday.
Stock Market Today: Stocks in focus
Vedanta
Vedanta Limited is a multinational mining corporation based in India that primarily operates iron ore, gold, and aluminium mines located in Goa, Rajasthan, Karnataka, and Odisha. Friday saw the distribution of 19.32 crore equity shares by metal firm Vedanta, which announced the completion of qualifying institutional placement at an issue price of Rs 440 per share.
JK Cement
One of the top producers of grey cement in India and one of the top producers of white cement worldwide is JK Cement Ltd. The Company has partnered with India’s multi-sectoral infrastructure demands over the course of four decades thanks to its superior products, customer-focused approach, and technological leadership. In the first quarter, JK Cement reported a net profit of Rs 185 crore, a 67% year-over-year increase. Revenue increased to Rs 2,807 crore, a 2% annual increase.
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