Market Updates
India Movers: Bajaj Consumer Care, Dhanlaxmi Bank, Indiabulls Real Estate, MedPlus Health, Nestle India, Persistent Systems
Arun Goswami
21 Jun, 2024
Mumbai
Market indexes are set to extend weekly gains in the hopes of sustained investment in infrastructure development.
Bond yields edged lower, and the rupee faced selling pressure amid a rising outflow of foreign funds.
Market sentiment remained positive as the number of stocks reaching their 52-week highs jumped to 189, indicating strong demand from investors.
For the week, the Sensex and the Nifty indexes are set to advance 0.9%.
The Sensex index increased by 0.02% to 77,508.87, and the Nifty index rose by 0.1% to 23,594.45.
On the Mumbai stock exchange, 156 stocks traded at their 52-week highs, and 2 stocks traded at their 52-week lows.
Nestle India declined 0.5% to ₹2,527.10, and the company's board is scheduled to meet on July 8 to finalize interim dividend payments to shareholders on record on July 16.
Indiabulls Real Estate rose 2.8% to ₹159.30, and the company will continue its business under the new name Equinox India Developments Limited as of June 20.
Persistent Systems added 3.7% to ₹4,027.30 after the company announced ₹10 per share final dividend for the fiscal year ending in March 2024.
MedPlus Health Services increased 0.6% to ₹695.0 after the company's subsidiary faced a one-day drug license suspension in Karnataka.
Bajaj Consumer Care added 2.2% to ₹268.50, and the company's board set July 2 as the stock buyback date.
Dhanlaxmi Bank declined 1.5% to ₹44.22, and the company appointed Ajith Kumar KK as managing director and chief executive officer for three years from June 20.
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