The shares of Wockhardt jumped over 8 percent to hit an intraday high of Rs 1,867.90 apiece on June 18. The pharma stock has seen significant surge in recent days, rising nearly 45 percent in one month.The sharp rise in the share price comes on the back of high trading volumes amid heightened investor interest. Over 35 lakh shares of the company worth around Rs 640 crore were involved in active tr...

Shares of Maruti Suzuki rose over 2 percent to Rs 12,841 in morning trade on June 18, rallying for a fouth session in a row on reports that the Indian government is considering Australia as a potential alternative for sourcing rare-earth magnets, as India looks to diversify its supply chain.The development holds added significance for Maruti Suzuki, as India’s largest automaker prepares to launc...

The shares of Waaree Energies fell over 2 percent on June 18, extending losses for a second day after a US Senate panel proposed to completely phase out solar and wind energy tax credits by 2028.Waaree Energies shares tracked its Wall Street peers that fell on the proposal, with First Solar shares down nearly 18 percent, while Solaredge Technologies fell as much as 33 percent. Shares of Sunrun- bi...

The shares of several IT companies dropped on June 18, pushing the Nifty IT index down over half a percent to hover in the red and snap a three-day gaining streak. This comes as investors may have resorted to profit booking at elevated levels, while awaiting a possible rate cut by the US Federal Reserve.The Nifty IT index stood at around 39,138 in the morning, bucking the overall market trend with...

The Nifty 50 closed a rangebound session with a loss of 93 points on June 17, tracking nervousness in global peers due to the Iran-Israel conflict. The formation of higher highs and higher lows continued for another session, with the index gyrating around the short-term moving averages (10-day and 20-day EMAs). According to experts, the index is expected to consolidate further, with support at 24,...