India Movers: Adani Ports, Bharti Airtel, Central Bank of India, IndiGo, Spicejet, TCS, Vodafone

Arun Goswami
18 Jun, 2024
Mumbai

Stocks in Mumbai opened higher, and investors looked ahead to the release of the national budget next month in the absence of near-term catalysts. 

The Sensex index increased by 0.1% to 77,113.08, and the Nifty index rose by 0.2% to 23,502.40. 

On the Mumbai stock exchange, 117 stocks traded at their 52-week highs, and 7 stocks traded at their 52-week lows.

The yield on the 10-year Indian government bonds inched lower to 6.99%, and the Indian rupee edged lower at ₹83.52 against the U.S. dollar.

Vodafone Idea jumped 1.5% to ₹16.99, and the company is looking to sell a full or partial stake of its entire stake of $2.3 billion in Indus Tower as early as next week. 

Interglobe Aviation Ltd. increased 0.6% to ₹4,297.65, and the aviation regulator said the company's domestic air travel market share increased to 61.6% in May from 60.6% in April. 

Spicejet increased 0.1% to ₹55.14, and the company's domestic air travel market share declined to 4.0% in May from 4.7% in April, according to an update by the aviation regulator. 

Central Bank of India gained 0.4% to ₹65.66, and the Reserve Bank of India fined the bank ₹1.45 crore for failing to meet compliance requirements for loans and customer information. 

Brightcom Group traded at ₹9.38 on June 11, and the company reiterated its commitment to release its financial statements for the third and fourth quarters of the fiscal year 2023 by July 31. 

Adani Ports increased 0.7% to ₹1,440.25, and the company said it received approval for the Mundra Port expansion from an environmental agency. 

Tata Consultancy decreased 0.1% to ₹3,828.50, and the company lost a case in a court in the U.S. for violating the Defense-related Information Disclosure Act. 

The U.S. District Court in Dallas, Texas, fined the company $56.2 million and punitive damages of $112.3 million in a lawsuit filed by Computer Science Corporation and DXC Technology. 

Bharti Airtel advanced 0.6% to ₹1,435.50 and paid the final installment of 7,904 crore to the Department of Telecom for the outstanding payment related to the purchase of wireless spectrum acquired between 2012 and 2015.