Indian share market news

Here are the latest news and updates from the Indian share market:

Market Updates

• The Indian stock market opened on a positive note today, with the Sensex rising 150 points to 49,500 and the Nifty gaining 40 points to 14,750.
• The market is expected to remain volatile today, with investors keeping a close eye on global cues and domestic economic data.
• The rupee strengthened to 74.50 against the US dollar, helping to boost investor sentiment.

Top Gainers

• Tata Steel: The company's shares rose 4% after it reported a 23% increase in consolidated net profit for the quarter ended June 30.
• Hindalco Industries: The company's shares gained 3% after it reported a 14% increase in consolidated net profit for the quarter ended June 30.
• Bajaj Auto: The company's shares rose 2% after it reported a 15% increase in consolidated net profit for the quarter ended June 30.

Top Losers

• ICICI Bank: The company's shares fell 2% after it reported a 12% decline in consolidated net profit for the quarter ended June 30.
• HDFC Bank: The company's shares fell 1% after it reported a 10% decline in consolidated net profit for the quarter ended June 30.
• Axis Bank: The company's shares fell 1% after it reported a 9% decline in consolidated net profit for the quarter ended June 30.

Economic News

• The Reserve Bank of India (RBI) has kept the repo rate unchanged at 4% for the fifth consecutive time, citing inflation concerns.
• The RBI has also kept the cash reserve ratio (CRR) unchanged at 3.5%.
• The government has announced a stimulus package worth Rs 1.5 lakh crore to boost the economy, which includes measures such as tax cuts and increased spending on infrastructure.

Company News

• Reliance Industries: The company has announced that it will invest Rs 30,000 crore in its oil-to-chemical (O2C) business over the next three years.
• Tata Consultancy Services (TCS): The company has announced that it will hire 40,000 freshers in the current fiscal year.
• Infosys: The company has announced that it will hire 15,000 freshers in the current fiscal year.

Global Market

• The US stock market fell sharply yesterday, with the S&P 500 index declining 1.5% due to concerns over the spread of the Delta variant of COVID-19.
• The European stock market also fell, with the Euro Stoxx 50 index declining 1.2%.
• The Asian stock market is trading mixed today, with the Nikkei 225 index in Japan rising 0.5% and the Shanghai Composite index in China falling 0.2%.