BPCL(+3.39%) Shares Rise as Crude Oil Prices Decline; IEX on Bear Attack, Suffer Loss of Rs 342 Crore

US FDA Conducts Successful Inspection at JB Chem's Panoli Formulations Manufacturing Unit.

Market Summary

Closing Bell: Nifty around 18600, BANKNIFTY above 43950, Sensex ends 99 pts higher, IT, Reality, Media rally.🚀

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Companies

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Sectors

Tech Titans Lead the Way: BPCL(+3.39%), HCLTech(+2.69%), and Infosys(+2.05%) Shine in Opening Trade🚀

Power Sector Grows at 9%, Per Capita Consumption Remains Low in India.

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Market News

IndiGo(-2.10%) Shares Slide 2% as co-founder Rakesh Gangwal Plans to Sell Stake between 5% to 8%.

BPCL(+3.39%) Shares Rise as Crude Oil Prices Decline.🚀

Bears Hammer India Energy Exchange, Mutual Funds Lose Rs 342 Crore, down by 20% within 1 week.💸

Go Fashion(-4.85%) Witnesses Large Trade: 12% Equity Worth Rs 735 Crore Changes Hands.📉

Gland Pharma's(-0.43%) Injectable Plant to Undergo US FDA Inspection on June 15.📊

23 Cooperative Banks Face RBI Penalties for SAF, IRAC, and DEAF Rule Violations.🧾

Ban on Bike Taxis Reinstated in Delhi as Supreme Court Stays High Court Order.🧾

Centre Releases Rs 1.18 Lakh Crore Double Tax Devolution Instalment to States.💸

Government Targets Doubling Technology Sector's Share in Economy by 2025.💰

Life Insurers Experience 4% Drop in New Business Premium to Rs 23,478 Crore in May.📉

India's Power Demand Expected to Grow by 9% Annually, Per Capita Consumption a Concern.📈

India and UAE Collaborate to Achieve $100 Billion Non-Oil Trade, Foster Free Trade Agreement.💰