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New age companies showed strong performance in the April-June quarter, with an average 29% YoY revenue growth, led by Zomato. Paytm was an outlier, with a 36% decline. Newly listed firms including Unicommerce, Ola Electric, and Firstcry attracted considerable investor interest and delivered notable gains, reflecting a changing market sentiment.

The stock traded at a P/E multiple of 119.47, while the price-to-book value ratio stood at 6.27.

The oil and gas sector was the biggest loser in the benchmark index, dropping nearly 1%, as crude prices edged lower on easing geopolitical risks and weak demand from China.

A short buildup occurs when open interest and volumes rise while stock prices fall, indicating increased short positions as traders anticipate lower prices.

​​​If you look at, really to play the rural, it is basically consumption is what we are looking at and broader consumption which has been kind of lagging behind, I mean that has lagged the recovery since COVID.

Promoters held 51.52 per cent stake in the company as of 30-Jun-2024, while FII and DII ownership stood at 15.08 per cent and 9.26 per cent, respectively.

Shares of KEI Industries and Polycab increased after UBS initiated a buy rating, forecasting substantial earnings growth due to favourable supply-demand dynamics in the electrification market. The segment is expected to reach $20 billion by FY30, with top companies increasing their market share and significant export revenue growth.

Shares surge 16% in early trading, after a 20% jump in the previous session.

The stock quoted a 52-week high of Rs 706.85 and a 52-week low of Rs 404.0.

During the first quarter of FY25, some Nifty500 companies saw a rise in promoter share pledging. Significant upticks included 360 One Wam at 9.2%, IRB Infrastructure Developers at 6.4%, and Max Financial Services at 3.5%.