Stock Market Update Today: Amidst mixed global signals, today the domestic stock market is witnessing great growth. In business, both the indices Sensex and Nifty have shown good strength. Sensex has gained more than 700 points, while Nifty has also crossed 15850. There is an all-round boom in today’s business. There is a lot of buying in bank, financial and IT stocks. The IT index on Nifty has gained about 2 per cent. While banks and financial indices are up more than 1 per cent. Metal and realty indices have also gained more than 1 per cent. Other indices including auto, pharma, FMCG are also in the green. At present, there is a gain of 729 points in the Sensex and it is trading at the level of 53,457.
While Nifty is trading 190 points higher at the level of 15890. Buying in heavyweight stocks. All 30 stocks of Sensex 30 are in green mark. Today’s top gainers include HCL, TECHM, Wipro, Infosys, LT, BAJFINANCE, SUNPHARMA and TCS.
Food-delivery company Zomato informed the stock exchange that the board has approved the acquisition of 33,018 equity shares of quick commerce company Blink Commerce (BCPL, formerly Grofers India). It is an all-stock deal for Rs 4,447.48 crore. This acquisition is at a price of Rs 13,46,986.01 per share.
Axis Bank has said that the Reserve Bank has approved the reappointment of Rajiv Anand as Deputy MD for a period of 3 years till August 2025. In January this year, Axis Bank re-appointed Anand as Deputy Managing Director. The period of 3 years will be from 4 August 2022 to 3 August 2025.
Welspun Corp has bagged various orders of around 47,000 MT worth Rs 600 crores. These orders will be executed from India and the US in the oil and gas and water sector. These include an order for the supply of onshore coated pipes and bends for a pipeline project in Australia.
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