Today’s market wrap-up brings you the latest updates on Nifty 50 and Sensex movements, top gainers and losers, and how Asian and US markets performed. Stay informed on all things Dalal Street and global markets by following Mint’s market blog for real-time updates on your favorite companies.
In the stock market today, Pulsar International, a penny stock, has seen an impressive surge of 13,200% in five years, showcasing strong performance and market confidence. However, investing in penny stocks comes with high volatility.
Experts predict a slight rise in India’s June CPI inflation, mainly driven by food prices, but it is not expected to negatively impact the record-high stock market. Market focus remains on the upcoming Union Budget 2024 and Q1 earnings of Indian companies.
Sagar Doshi of Nuvama Professional Clients Group recommends Laurus Labs Ltd, Balrampur Chini Mills Ltd, and Hindalco Industries Ltd as top stock picks for today.
In IPO news, Bansal Wire shares listed with a strong 39% premium at ₹356 apiece on NSE, while Emcure Pharmaceuticals made a strong debut with its share price opening at ₹1,325.05 per share, 31.45% higher than the issue price.
Rail Vikas Nigam share price rose over 7% following positive developments, while Delta Corp share price slumped over 4% on weak Q1 results, with a 68% decline in net profit year-over-year.
Stay updated on the latest IPO news, stock market trends, and stock recommendations to make informed investment decisions.