Three leading domestic voting advisory firms are not on the same page over the proposed demerger and separate listing of ITC's hotel business, ITC Hotels. Institutional Investor Advisory Services (IiAS) has recommended a vote "against" the resolution, while InGovern and Stakeholders Empowerment Services (SES) have advised their clients to vote in favour. Voting on the resolution is currently underway.
IndusInd Bank, Nestle, UltraTech Cement, Mahindra & Mahindra, Power Grid, Asian Paints, Sun Pharma and Tech Mahindra were also among the laggards. Bajaj Finance, Bharti Airtel, ICICI Bank, Adani Ports and HCL Tech were among the gainers.
Markets ended marginally higher on Thursday, amid expiry of May futures and options series, led by gains in FMCG major ITC and select auto shares.
The S&P BSE Sensex ended down 284 points at 27,698 and the Nifty50 slipped 78 points to settle at 8,545.
Broader markets end flat; Auto majors - Tata Motors, MnM lead gains while banks slip.
At the end of the day's trade, ITC commanded 10.01 per cent weight, while RIL had 9.07 per cent weight, followed by ICICI Bank which had 7.66 per cent weight in 30-share Sensex.
Firm global cues, along with gains in FMCG majors ITC and Hindustan Unilever aid the upmove.
The market-cap of the company eroded by Rs 14,895 crore (Rs 148.95 billion) to Rs 2,65,383 crore (Rs 2,653.83 billion).
Gail (India), RIL and ONGC among the top gainers on the Sensex
FMCG major ITC again became the BSE benchmark Sensex's most influential stock on Monday, pushing energy giant Reliance Industries to the second place.
The market breadth in BSE ended neutral with 1,340 shares advancing and 1,368 shares declining.
The overall breadth was positive as 1,712 stocks advanced while 1,100 stocks declined.
Jindal Steel was the top Sensex loser.
Education and stationery products can make big money indeed. Ask FMCG major ITC, which is targeting Rs 1,000 crore (Rs 10 billion) revenues from these products in three to five years, from Rs 280 crore (Rs 2.8 billion) now.
The hospitality sector has been hit very hard by the pandemic. In the past 18 months, it has lost business, first because of the harsh lockdowns and after that because of lack of demand due to the ensuing economic slowdown. Most hospitality businesses have sustained low revenues and losses since April 2020. Is this the classic case of a beaten-down cyclical sector that may be close to bottoming out?
A single application and a plethora of services for passenger cars - that is what myTVS, a brand that operates under Ki Mobility Solutions and is part of the TVS family, is set to bring to customers, in a bid to disrupt the concept of "super apps" in India. Starting July 15, myTVS will launch its connected car platform or super app called myTVS Life360 for aftermarket passenger cars. Through it, customers will be able to avail themselves of a range of services like maintenance, diagnostics, roadside assistance, accessories, payments, insurance, and so on.
The BSE Mid-Cap index was currently down 1.25%
However, on the NSE, both ITC and Infosys had equal weight of 8.77 per cent.
The Sensex ended up 48 points at 28,386 and the Nifty gained 13 points to close at 8,476.
FMCG major ITC on Tuesday surpassed state-run energy giant ONGC to become the county's second most valued firm in terms of market valuation, with TCS at the top of chart.
Among the index heavyweights, Reliance Industries ended down 1.9% while mortage lender HDFC eased 0.2%. FMCG major ITC ended down 1.3%.
Most of the labourers in manufacturing plant are migrant workers. With them moving back to native places, there is going to be a huge challenge.
Over the past week, several unusual partnerships among start-ups, traditional businesses and hospitals have been announced, and several more are likely to materialise soon. The trend could see increased importance of gig workers, who are taking considerable risk to deliver goods to people in the time of a pandemic.
ITC on Monday said it is conducting more tests on its products at accredited labs across India.
Essel Group, Reliance Jio, Fortis and 17 others on Thursday signed initial pacts to invest over Rs 39,000 crore (Rs 390 billion) in Uttar Pradesh, with Chief Minister Akhilesh Yadav promising the investors all possible support.
Pharma shares were the top gainers led by Lupin after the company received EIR from USFDA for its Goa facility
The 30-share Sensex provisionally ended up 112 points at 28,555 and the 50-share Nifty closed 24 points higher at 8,561 after hitting a record high of 8,626.95.
Strong gains in Vedanta Ltd, Adani Ports, Bharti Airtel and Maruti Suzuki helped the index touch record levels.
Infosys was the top Sensex loser along with other index heavyweights ITC and HDFC.
The 30-share Sensex ended up 1 point at 27,459 and the 50-share Nifty ended down 1 point at 8,341.
The 30-share Sensex gained 271 points to end at 28,805 and the 50-share Nifty ended up 84 points at 8,712.
Tata Group shares were among the top losers while Adani Ports emerged as the top gainer
Markets finished the session on a dismal note with Sensex closing at its lowest level since August 2014.
Sensex ends in green, bluechips in spotlight.
ICICI Bank and SBI were among the top Sensex gainers along with FMCG majors ITC and HUL.
The 30-share Sensex ended down 556 points at 27,886 and the 50-share Nifty ended down 158 points at 8,444.
Investors booked profit ahead of the outcome of the two-day US Fed policy meet which begins today.
All sectoral indices, led by realty, PSU, oil & gas and banking, were in positive zone with gains of up to 1.25 per cent.
Fear factors weights on markets, Sensex, Nifty struggle to keep pace.
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