Stock Market Today: The Gift Nifty was trading at a premium of around 145 points from the previous close of the Nifty futures, at the 25,060 mark. The Gift Nifty indicators point to an early lead for the Indian benchmark index. Monday’s opening of the key Indian stock market indices, the Sensex and Nifty 50, is expected to be higher due to good sentiment and gains in global peers. In a single day, the Nifty 50 created a lengthy bull candle on the daily chart, erasing the previous five sessions’ downward correction.
Stock Market Today: Stocks in focus
ACC
One of India’s cement producers is ACC Limited, formerly known as The Associated Cement Companies Limited. It belongs to the Adani Group and is a subsidiary of Ambuja Cement. Today’s announcement of the firms’ first quarter results will put ACC, Adani Total Gas, HPCL, and Adani Wilmar shares front and centre.
IndusInd Bank
One of India’s newer private sector banks is IndusInd Bank Ltd. Corporate banking, retail banking, capital markets, treasury and foreign exchange, investment banking, high-net-worth individual and non-resident Indian banking, and information technology are among the business lines of the bank. For the quarter ended June 30, 2024, IndusInd Bank recorded a consolidated profit after tax (PAT) of Rs 2,171 crore, up 2% from the previous year.
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