Stock Market Today: The GIFT Nifty, which gained 37 points, suggests that the wider index in India is off to a good start. Around 23,573.50 was the trading level for the Nifty futures. On June 24, Indian benchmark indices concluded with gains throughout a tumultuous session. The Nifty was able to maintain its above 23,500 level with the support of auto, capital goods, power, and FMCG companies. By the close, the Nifty was up 36.75 points, or 0.16 percent, at 23,537.85, while the Sensex had gained 131.18 points, or 0.17 percent, at 77,341.08. Top Nifty gainers were Cipla, IndusInd Bank, Adani Ports, Coal India, and Tata Steel; top losers were M&M, Shriram Finance, Power Grid Corporation, Sun Pharma, and Grasim Industries.
Stock Market Today: Stocks in focus
Shree Cement
Shree Cement, which currently has its headquarters in Kolkata, is the second-biggest cement firm by market capitalization and the third-largest cement production in India. With an installed capacity of 46.9 million tonnes in India and 50.9 million tonnes abroad, Shree Cement has grown from having a 2 million tonne (mt) production capacity to become the third-largest cement manufacturer in the nation during the past 20 years. Shree Cement, the third-biggest cement producer in India, declared that its Andhra Pradesh unit’s 19.5 MW solar power facility had reached 1,000 MW of installed power capacity.
Maruti Suzuki
The Indian division of Suzuki Motor Corporation, a Japanese carmaker, is called Maruti Suzuki India Limited. The company led the Indian passenger car market with a 42 percent market share as of September 2022. A GST demand notice for Rs 5.4 crore was sent to Maruti Suzuki, the top automaker in India, covering the period from July 2017 to March 2023.
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