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Nifty50 closed flat ahead of key events, gaining 6 points to end at 23,265.

The benchmark indices closed nearly unchanged on Tuesday, following a record-breaking rally, as investors opted to stay on the sidelines, awaiting additional triggers.

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​Seven stocks listed on the NSE, each with a market capitalization exceeding Rs 10,000 crore, saw their closing prices rise above their 200-day moving averages on June 11, as per the technical scan data from stockedge.com.

India and the US are probably the only two markets with high multiples. India is also one of the only EMs which is increasing its share in the MSCI EM index. As organizations across the cap curve keep getting into aggressive Capex and growth mode, money on the sidelines will keep getting tactically deployed.

In my opinion, the election event is done and dusted, and the market won’t read too much into it, to endure drastic corrections akin to the knee jerk reactions seen on poll outcome day.

Ola Electric gets Sebi nod for public offer

Updated at : 2024-06-12 08:20:01

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Ola Electric, set for a $6 billion IPO, plans layoffs amid IPO filings by Swiggy and FirstCry.

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The SIP stoppage ratio reached a record high of 0.88 in May 2024, as per AMFI data, indicating closures surpass new additions.

Domestic markets stabilize post-elections. IndiGo stake sold. Go Digit reports profit. Wipro rolls out Lab45 AI Platform. Icra receives demand order. NHPTL approves share transfer. TCS launches IoT lab. IOL Chemicals gets CEP certificate. Castrol MD change. TVS signs contract.

IndiGo promoters sell around 2% in airline

Updated at : 2024-06-12 08:20:01

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InterGlobe Enterprises, the promoter group of IndiGo, sold a 2% stake in the airline for over ₹3,367 crore to fund its ventures. The stake sale will be used for hospitality and corporate purposes.

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