Live Updates from the Stock Market on June 26, 2024: Nifty 50, Sensex Movements, Top Gainers and Losers, and Global Market News
The stock market today saw some interesting movements and developments that are worth noting. Here are some of the highlights:
1. Gold prices hit over a 2-week low due to a stronger US dollar and bond yields, while silver traded flat. This shift in the precious metals market was influenced by external factors affecting their appeal.
2. Amazon shares rose over 3%, pushing the company’s market value to $2 trillion for the first time. This milestone places Amazon among a select group of companies with such high market capitalization.
3. The Indian stock market added over $1 trillion to its market capitalization in the past 6 months, with the Nifty 50 index up 6% in June. This rally was driven by factors such as policy continuity, forecasts for better economic growth, and increased foreign inflows.
4. State Bank of India successfully raised ₹10,000 crore via infrastructure bonds, with the issue oversubscribed by around 4 times. The funds raised will be utilized to enhance long-term resources for the bank.
5. Hindustan Aeronautics Ltd (HAL) announced a dividend of 260%, fixing a record date for payout and raising its share capital to ₹700. This move by the defense PSU has raised questions about whether investors should consider buying HAL shares.
6. Rivian Automotive shares climbed over 30% following a $5 billion investment announcement from Volkswagen. This significant investment boosted Rivian’s market value and signaled confidence in the company’s future prospects.
These updates provide a snapshot of the latest market movements and developments that investors and market enthusiasts should keep an eye on. Stay tuned for more updates on the dynamic world of finance and investments.
