SC Postpones Hearing in Adani-Hindenburg Case to August; Vedanta(-1.67%) Tanks on Foxconn's Exit $19.5B Joint Venture

Tata Group in Advanced Talks to Acquire Apple Supplier's Factory for iPhone Production.

Market Summary

Closing Bell: Nifty(+0.43%) above 19400, BANKNIFTY(-0.26%) above 44700, Sensex(+0.42%) gains 270 pts, Auto, FMCG and Financial Services rally.

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Companies

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Sectors

Defence Sector Stocks Poised for Long-Term Growth, Says PhillipCapital. 🛡️🚀

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Market News

Tata Communications(+6.92%) to Acquire Stake in Oasis Smart Sim Europe Share Price Jumps 7%. 🚀🧾

Premier Explosives(+19.99%) Secures Rs 552.3 Crore Defence Orders, Share Price Locked at 20% Upper Circuit. 🚀🛡️

ITC Ltd.(+1.57%) Strengthens Operations with New Manufacturing and Logistics Facility in Odisha. 🏭🧾

Mazagon Dock(+10.00%) Shares Locked at 10% Upper Circuit on Optimism of New Defence Orders Surges 23% in 3 Sessions on Strong Growth Outlook. 🚀🛡️

Suzlon Energy(+3.46%) Secures Order for 47.6 MW Wind Power Project, Stock Rises 3%. ✔️⚡️

Elecon Engineering Company (+14.02%) Surges 14% on Strong Q1 Results, Net Profit Jumps 72.6%. 🚀🧾

Zen Technologies(+13.13%) Secures Significant Order in Export Markets, Stock Surges to New High. 🚀🌍

Minda Corporation(+3.60%) Secures Rs 750 Crore Contract for EV Battery Chargers. ⚡️✔️

L&T(+1.47%) Shares Rise on Teaming Agreement for Indian Navy's Submarine Programme. 🧾🤝

PCBL(+3.19%) Shares Surge 3% as Company Commences First Phase of Specialty Chemicals Expansion. 🧾📈

Foxconn's Exits from $19.5B Joint Venture Impacts Vedanta(-1.67%) , Shares Decline 1.6%. 📉

Supreme Court Postpones Adani-Hindenburg Case, Investigations to Continue till August. 🧾

SBI(-0.68%) Plans to Sell 2% Stake in NSDL IPO, Offloading 40 Lakh Shares. 🧾