Domestic indices ended the week’s last session broadly in green for the fourth week in a row. The NSE Nifty 50 gained 138 points to 18,826, and S&P BSE Sensex skyrocketed 0.74% or 466.95 points to 63,385. Both Sensex and Nifty closed at a record high. 

The market capitalization of BSE-listed companies increased by Rs 2.07 lakh crore to Rs 292.8 lakh crore. On Friday, foreign investors in Indian stocks were net buyers for the fourth day.

Automobile Corporation, Craftsman Automation, and Hindustan Unilever shares will trade ex-dividend today.

ABB India: Kanpur Metro has deployed ABB India’s Electrification solutions, including Low Voltage Switchboards, Medium Voltage Panels and Lighting Distribution Boards for safe, reliable and quality power distribution. The company has been providing such solutions to 13 other metro projects in India. 

Dr Reddy’s: The pharma major’s active pharmaceutical ingredient (API) manufacturing facility in Bollaram, Hyderabad, completed US Food & Drug Administration (USFDA) ‘s GMP (good manufacturing practices) inspection on June 16 with zero observations. The inspection started on June 12. 

Shriram Properties: Chairman and Managing Director M Murali announced that the Bengaluru-based company looks to scale up business amid strong housing demand and will invest around Rs 750 crore in FY24 to construct new and ongoing residential projects. Shriram Properties spent Rs 500 crore last year on construction works.

Tata Steel: According to Tata Steel’s CEO & MD T V Narendran and Executive Director & CFO Koushik Chatterjee, during the current financial year, the company plans a consolidated capital expenditure (Capex) of Rs 16,000 crore for its domestic and global operations, of which Rs 10,000 crore is earmarked towards standalone operations and Rs 2,000 crore is for its subsidiaries in India. 

Kalyan Jewellers India: Warburg Pincus-backed Private equity firm Highdell Investment divested a 6.2% stake in Kalyan Jewellers India, equivalent to 6.41 crore equity shares, at an average price per share of Rs 113.1. Several buyers participated in this sale, including Nomura India Investment Fund Mother Fund and BNP Paribas Arbitrage.