Shares of Hindustan Copper gained nearly 4 per cent in early trade as global copper prices climbed to a fresh record high on the London Metal Exchange (LME). The rally in the industrial metal was supported by concerns over tight supplies.
Gold and silver futures opened higher as investors increased safe-haven buying amid renewed tensions in West Asia. Short covering at key technical levels also supported gold.
Rays of Belief shares made a flat debut on the BSE and NSE, listing at ₹239 per share, exactly in line with the IPO issue price. The listing was below grey-market expectations.
The Indian rupee weakened 10 paise to 94.66 against the US dollar in early trade, pressured by elevated crude oil prices and renewed geopolitical tensions in the Middle East.
Kenyan President William Ruto has ordered Tata Chemicals Magadi Limited to cease operations, accusing the company of extracting soda ash without creating sufficient manufacturing capacity.
Responding to questions in Parliament, Siow said Singapore Airlines is a listed company and funds its investments from its own balance sheet.
Shares of Deepa Jewellers made a strong debut on the domestic stock exchanges, listing at a premium of nearly 25 per cent over the initial public offering price of ₹177. The stock opened at ₹221.05 on the BSE and ₹221 on the NSE.
The proposed purchases cover a broad range of military equipment, including radars, helicopters, electronic warfare systems, fighter aircraft upgrades and other critical defence platforms.
Eight of the 12 stocks forming the Nifty PSU Bank index, including heavyweight lenders such as State Bank of India, Bank of Baroda and Canara Bank, are trading below their respective 200-day moving averages.