Stock Market Update News

While the all-time high level is eluding equity benchmark Sensex, second-run indices the BSE Midcap and the BSE Smallcap hit their fresh all-time high in trade on Thursday, June 15, pushing the overall market-cap of BSE-listed firms to record high levels in rupee terms.

US-based global private equity firm, Warburg Pincus has exited Indian multiplex giant PVR by selling its entire stake of 2.49% through its affiliate in a block deal recently. The transaction aggregated more than ₹380 crores. However, major domestic mutual funds were among the top buyers of PVR in the open market. As per the block deal, on the BSE, Warburg-backed Berry Creek Investment sold 24,39,301 equity shares at a price of ₹1,559.35 per share in PVR, aggregating to ₹380.37 crore. This would be its entire stake of 2.49% in the Ajay Bijli-led company. Let's understand more about this transaction and how it might affect the market.

Jet Airways shares surged nearly 6% after SBI said lenders of the airline were considering a restructuring plan for it

The markets may be ignoring the risks from Urjit Patel's departure for now, but that doesn't mean they have brushed off these risks completely

The broader NSE Nifty tumbled as much as 1.47 percent, but ended the day 0.58 percent firmer

Adding to the uncertainty for stocks markets over the outcome of state election results, RBI chief Urjit Patel abruptly resigned on Monday

Sun Pharma, Bharti Airtel, Adani Ports, Tata Motors, Asian Paints and Reliance Industries fell between 3% and 4%

Exit polls results indicated a tight race between BJP and Congress in Madhya Pradesh and Chhattisgarh and an edge for the Congress in Rajasthan

A higher opening in European shares too influenced sentiments here

Bharti Airtel shares were the top loser among Sensex stocks. Among gainers, Yes Bank, Asian Paints, Adani Ports and Sun Pharma were up over 2%