Indian Oil Reduces LPG Price in Delhi by 4.5%; Legal Blow of ₹380 Crore for SpiceJet

TCS Appoints K Krithivasan as New CEO, Successor to Rajesh Gopinathan.

Market summary

Closing Bell: Nifty below 18500, BANKNIFTY slips below 43800, on weekly expiry, Sensex tanks 190 pts, Financial services, and Private Banks slips.

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Companies

Coal India(-4.52%) Shares Slide 4% as Govt's Offer for Sale for Non-Retail Investors Begins.📉

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Sectors

Bajaj Auto and Maruti Lead the Way with Strong Sales in Auto Sector, M&M Shines in PV Market, Tractor Sales Sluggish.

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Market News

U.S. House Passes Bill to Suspend Debt Ceiling, Averting Catastrophic Default, Senate to vote, just days before Monday's default .🧾

Standard & Poor's (S&P) has affirmed Reliance Industries(-0.27%) 'BBB+' rating with a stable outlook.🧾

Maruti Suzuki(-0.42%) Records Highest Monthly Sales Since Oct 2020, with 1.78 Lakh Units Sold, Domestic PV Sales Growth of 15.3% at 1.43 Lakh Units in May🚀

Bajaj Auto(+1.67%) Exceeds Sales Estimates with 3.55 Lakh Units Sold, Domestic Sales Growth of 103% at 2.28 Lakh Units in May.🚀

TVS Motor(-2.36%) to Increase Prices of Electric 2-Wheeler iQube by ₹17,000-22,000 Across Variants.💰

SpiceJet(+1.93%) Directed to Submit Asset Details After Court Orders ₹380 Crore Payment💰

Eicher Motors(+1.20%) CV Wholesale Sales Rise 11.6% in May; Domestic Sales Surge 15.8%.📈

Propane Price Reduction by Saudi Aramco Affects Gujarat Gas(-3.62%) and GAIL India(+0.52%)📉

Escorts Kubota Reports Increase in Total Sales, Selling 9,167 Units; Exports Decline by Almost 40% to 463 Units in May.📈

Lenders Abandon Talks to Restructure Byju's $1.2 Billion Loan.💰

Mphasis Ltd.(+1.57%) Unveils Mphasis.ai to Drive Business Outcomes with Artificial Intelligence.🤖