Share market

Domestic markets are expected to remain volatile during the election season, said analysts. TCS will be the first major company to unveil quarterly results on Thursday. Gift Nifty at 24,400 signals a marginal gain for Nifty futures at open. On Wednesday, Nifty futures closed at 24,355. Besides, the focus has now shifted to the upcoming Budget, scheduled on July 23.

Puravankara shares rose about 2 per cent on Friday after the company’s board granted in‐principle approval to raise funds through QIP up to ₹1,000 crore.

Tata Elxsi has collaborated with Red Hat, a provider of enterprise open-source solutions, to monetise applications and reduce operational expenditures on operations in 5G networks for telcos and enterprises.

Jindal Stainless board has approved the acquisition of the remaining 46 per cent stake in Chromeni Steels Private Limited (CSPL) for a cash consideration of ₹277.90 crore.

Shares of Marine Electricals have hit a 52-week high on the NSE of ₹145 after the receipt of contracts worth ₹8.02 crore from Udupi Cochin Shipyard Ltd and Schneider Electric India Pvt Ltd.

The board of EIH Associated Hotels has recommended the capitalisation of reserves by issuing bonus shares in a ratio of 1:1.

Titagarh Rail Systems Ltd (TRSL) has commenced the production of trainsets for Bangalore Metro Rail Corporation Ltd’s (BMRCL) Phase 2 Yellow Line project, as part of a contract with China Railway Rolling Stock Corporation (CRRC).

Benchmark indices closed at record highs on Thursday amid short covering by overseas investors, buying in banking, oil and auto shares, and a record dividend payout by the RBI to the government.

Equity benchmark indices Sensex and Nifty closed marginally lower on Friday as investors booked profit in FMCG, IT and healthcare stocks after the BSE Sensex and Nifty hit fresh lifetime highs in intra-day deals.

Equity benchmark indices ended with gains on Wednesday amid buying in blue-chips Reliance Industries and Infosys amid mixed cues from global markets.