Stock market benchmark indices Sensex and Nifty ended almost flat on Monday amid a lacklusture trade as investors preferred to stay on the sidelines in the absence of any fresh trigger.
After beginning the trade on a weak note, the 30-share BSE Sensex declined 36.22 points or 0.05 per cent to settle at 79,960.38. During the day, it went lower by 264.77 points or 0.33 per cent to 79,731.83.
The NSE Nifty dipped 3.30 points or 0.01 per cent to 24,320.55.
Among the Sensex pack, Titan, Adani Ports, Tata Steel, JSW Steel, UltraTech Cement, Asian Paints, Mahindra & Mahindra and Bajaj Finserv were the biggest laggards.
ITC, Hindustan Unilever, Nestle, HCL Technologies and Tata Motors were among the gainers.
CONCOR Stock: Container Corporation of India Ltd (CONCOR) on Monday (July 8) reported results for the first quarter of FY25, wherein their total volumes rose by 6% year-on-year (YoY) to 11.59 lakh twenty-foot equivalent units (TEUs).
Jupiter Wagons Stock: Company said its Fund Raising Committee approved the launch of a qualified institutional placement (QIP), setting the floor price at Rs 689.47 per equity share.
Godrej Consumer Products Stock: Godrej Consumer Products Ltd (GCPL) reported a mixed performance across its global operations.
Nestle India Stock: Company declared an interim dividend of Rs 2.75 per share for FY25.
JSW Steel Stock: JSW Steel plans to invest $1 billion across its operations to cut carbon emissions & to become net neutral on emissions by 2050.
RailTel Stock: RailTel Corp’s board recommended a final dividend at Rs 1.85 per equity share for the financial year 2023-24.
LIC Stock: The company has set July 19, 2024, as the record date for the payment of dividends to shareholders.
Citi has maintained a Sell rating with a target price of Rs 3080.
Bernstein has initiated an Underperform rating with a target price of Rs 6030.
UBS has maintained a BUY rating with a hike in target price to Rs 3500 from Rs 2900.
(Disclaimer: The information provided in this article is for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.)
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