Share Market Today LIVE | Sensex, Nifty, BSE, NSE, Stock Quotes, July 5 Stock Market News Updates
Share market news today | Sensex, Nifty, LIVE Stock Quotes: Domestic stock markets started the week on a positive note with Sensex and Nifty gaining, helped by a rise charted in the final hour of Monday’s trade. The S&P BSE Sensex gained 326 points or 0.62% to settle at 53,234 while the Nifty 50 index is currently at 15,835, gaining 83 points or 0.53%. India’s VIX slipped 1.3% and fell below 21 levels. Prior to Tuesday’s trade, SGX Nifty was in the green, suggesting an early gap for the national indices. Global indices were positive after Wall Street stock indexes soared on Monday. Asian stock markets reflected the rise.
A few days after receiving the green light from the stock exchanges, the merger of HDFC and HDFC Bank has now received the approval of the Reserve Bank of India (RBI). Now HDFC and HDFC Bank are waiting for a nod from CCI and NCLT. Once all approvals are in place, HDFC Bank will become a 100% public institution, with the HDFC promoter’s 21% stake ceasing. The merger would be the largest in Indian corporate history, creating a financial giant with a market capitalization of $169 billion (the second largest in India) and will be among the top 10 most valuable banks in the world. HDFC shareholders will receive 42 shares of HDFC Bank for every 25 shares of HDFC.
Share market today | Sensex, Nifty, ESB, NSE, Stock Quotes, Live Update Stock News