Market Updates

India Movers: Bajaj Finance, Hero MotoCorp, ICICI Bank, RVNL

Arun Goswami
07 Jun, 2024
Mumbai

    Benchmark indexes in Mumbai advanced for the third consecutive day and erased most of the 6% decline in Tuesday's trading as the BJP-led NDA swiftly moves to form the next central government.  

    For the week, the two leading benchmark indexes are likely to close down 0.4%. 

    The Sensex index increased by 0.3% to 75,288.17, and the Nifty index rose by 0.3% to 22,897.85. 

    On the Mumbai stock exchange, 35 stocks traded at their 52-week highs, and 9 stocks traded at their 52-week lows.

    The yield on the 10-year Indian government bonds inched lower to 7.01%, and the Indian rupee edged higher at ₹83.49 against the U.S. dollar.

    Hero MotoCorp jumped 0.9% to ₹5,586.50, and the two-wheeler maker acquired an additional 2.2% stake in Ather Energy, a Bengaluru-based electric mobility startup, for ₹125 crore. 

    RVNL increased 1.8% to ₹375.05 after the company won an award worth ₹475 crore from NTPC. 

    Wipro Ltd. increased 4.6% to ₹482.0, and the IT-enabled business services exporter won a 4,175 crore order from the U.S.-based communication services provider. 

    The managed services contract covers five years. 

    ICICI Bank gained 0.2% to ₹1,112.0, and the company received a SEBI administrative warning for the alleged activities by company employees to influence the upcoming merger with ICICI Securities. 

    Bajaj Finance rose 1.9% to ₹7,062.40 after the financial services company said it plans to list its home finance unit and raise as much as 4,000 crore. 

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