Hero MotoCorp shares climb over 3% as wholesales rise

<ul><li>The stock climbed 3.25 per cent to settle at ₹2,891.95 on the BSE. During the day, it rallied 3.95 per cent to ₹2,911.65.</li></ul>

Coal India share sale oversubscribed; government to get more than ₹4,000 crore

<ul><li>In the two-day offer for sale (OFS), the government sold its 18.48 crore shares or 3 per cent stake in Coal India at a floor price of ₹225 apiece. At the floor price, the stake sale would fetch over ₹4,000 crore to the exchequer.</li></ul>

Rupee rises 9 paise to close at 82.31 against US dollar

<ul><li>At the interbank foreign exchange market, the local unit opened on a positive note against the US dollar and settled at 82.31 (provisional), up 9 paise over its previous close.</li></ul>

Gold jumps ₹350, silver zooms ₹650; check rates here

<ul><li>In the international markets, both gold and silver were trading higher at USD 1,976 per ounce and USD 23.84 per ounce, respectively.</li></ul>

Market Wrap: Sensex, Nifty rise on gains in metal, auto stocks

<ul><li>The 30-share BSE Sensex climbed 118.57 points or 0.19 per cent to settle at 62,547.11. During the day, it jumped 291.3 points or 0.46 per cent to 62,719.84. The NSE Nifty advanced 46.35 points or 0.25 per cent to finish at 18,534.10.</li></ul>

Nifty Bank vs Nifty FMCG: Which index is likely to give better returns in long term?

stocks

Nifty Bank and Nifty FMCG both have already touched their peaks. While both these indices have multiple tailwinds and a healthy growth outlook, let's analyse which of these has a better long-term opportunity for investors.

Campus Activewear: Down 52% in 7 months but Motilal Oswal is bullish on the stock; here's why

Campus Activewear Limited (CAL) is one of India’s largest sports and athleisure footwear brands in terms of value and volume. The company's shares have fallen 52% from their all-time high of ₹639 apiece.

Financials and auto drive Q4 earnings, says MOSL; here are its top upgrades and downgrades this quarter

MOSL's coverage universe reported the highest earnings growth in the last four quarters driven by financials and auto, while metals dragged aggregate profitability.

Income Tax e-filing: Avoid ignoring notice, query from tax department. Details here

It is vital to promptly reply to any query by the income tax department in a timely manner to avoid any tax evasion proceedings being initiated.

May auto sales review: Domestic 2W demand up; CVs disappoint

The domestic 2-wheeler retail industry experienced a strong 10% year-on-year increase in volumes, led by the pre-buy of electric 2-wheelers ahead of the reduction in FAME II incentives starting June 1, 2023, and the ongoing wedding season.

Foreign currency inflows to India

In 2022, value of global commercial services trade grew by 15.0 per cent y-o-y (17.0 per cent in 2021), which was broad-based across sectors and regions, including North America, Europe and Asia.

UPI transactions hit a record high in May; cross 900 crore milestone: Report

UPI transactions were higher by 6 per cent on month, both in terms of value and volumes. A total of 941 crore transactions were processed during the month.

Latest News

Hero MotoCorp shares climb over 3% as wholesales rise

Coal India share sale oversubscribed; government to get more than ₹4,000 crore

Rupee rises 9 paise to close at 82.31 against US dollar