Investor confidence Ignites Zomato(+2.37%) Hits all-time high; Market Coupling Blows IEX(-10.15%) Shares Drop 10%

Open AI CEO Sam Altman Discusses AI Regulation with PM Narendra Modi.

Market Summary

Closing Bell: Nifty below 18600, BANKNIFTY closes flat around 44000, Sensex tanks 220 pts, PSU Bank, FMCG and Media slips.📉

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Market News

KPI Green(+5.22%) Receives Commissioning Certificates for 7.20 MW Wind-Solar Hybrid Power Project.🧾

Investor Confidence Soars as Zomato(+2.37%) Narrows Loss and Achieves 70% YoY Revenue Growth, Stock Hits 1-Year High.🚀

SpiceJet(+1.93%) Announces Induction of 10 Boeing 737 Aircraft Starting September 2023.✈️

SBI(-1.67%) Board Approves Fundraise of Rs 50,000 Crore through Debt Instruments.💰

Canada Pension Fund to Offload 1.66% Stake in Kotak Mahindra Bank(-0.77%), Valued at $754 Million. 📉

New TCS(-0.84%) Rule: 20% Tax on Foreign Remittances Under LRS from July 15.🧾

Indian Energy Exchange (IEX)(-10.15%) Shares Plunge 10% to 52-Week Low Amid Ministry of Power's Market Coupling Decision.📉

IRB Infra Reports Impressive 27% Growth in Toll Collections to Rs 411 crore from Rs 343 crore gains 13% from Apr-23.🚀

May Sees Mutual Fund Net Equity Inflow at ₹2,906 Crore; Large Cap Funds Witness Outflow of ₹1,362 Crore; SIP Inflows Rise to ₹14,749 Crores, Marking a Positive Trend.💰

Positive Indicators Point Towards Strong Growth Momentum in 2023-24, Says Chief Economic Adviser. 📈