Monthly Archives: May 2024

Adani Ports and Special Economic Zone Ltd (APSEZ) has said its flagship Mundra Port has created yet another record by welcoming the largest container ship to call at an Indian port. MSC Anna is a huge vessel with an overall length of 399.98 m (roughly the length of four football fields) and a staggering capacity of 19,200 TEUs (twenty-foot equivalent units), which makes it the largest container ship by capacity to ever visit an Indian port, APSEZ said in a statement.

Axiscades Technologies Ltd’s subsidiary, Mistral Solutions, secured an order worth ₹90 crore from Bharat Electronics Limited for the design, development, and supply of eight Radar Processing Systems. The company said, these systems are intended for the Arudhra Medium Powered Radar (MPR), a 4D Radar capable of automatic detection, and tracking of various aerial targets.

Shyam Metalics and Energy Limited (SMEL), expanded its rail infrastructure at its integrated steel plant in Pandloi, near Rengali, Sambalpur district, Odisha. This initiative, is part of the company’s long-term strategy for sustainable growth and efficient operations.

The global trend to anchor market direction with the election, result season entering the last leg.

NSE Nifty was up by 0.18 per cent or 41.55 points to 22,955, while the BSE Sensex was at 75,568 up by 0.21 per cent or 158 points.

Indian government bond yields are expected to trade little, changed at the start of the week, amid consolidation around the current levels, while traders await fresh triggers for a further downmove.

NSE Nifty was up by 0.56 per cent or 127.60 points to 23,086.85, while the BSE Sensex was at 75,911 up by 0.66 per cent or 500 points.

Adani Enterprises’ shares have reclaimed the levels seen in January last year, prior to the damaging allegations levelled by short-seller hedge fund Hindenburg Research against the group triggering a sell-off in group stocks that wiped off billions of dollars of investor wealth.

A near-term correction in India remains an obvious risk, given the valuations in the mid-cap space, Jefferies’ equity strategist Christopher Wood, said in his latest newsletter Greed & Fear.

SEBI has tweaked the dynamic price bands for scrips in the derivatives segment.