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SGX Nifty Up 106 Points, Reliance Industries' Green Hydrogen Push, Titan Eyes Strong Growth, and Top Buzzing Stocks Today
Fri, 24 Jun Pre-Open

On Thursday, Indian share markets witnessed a volatile session as benchmark indices swung between gains and losses.

Benchmark indices ended on a firm note as a fall in crude oil prices boosted domestic sentiment.

At the closing bell on Thursday, the BSE Sensex climbed 443 points (up 0.9%).

Meanwhile, the NSE Nifty ended higher by 143 points (up 0.9%).

Maruti Suzuki, M&M, and Asian Paints were among the top gainers.

Reliance Industries, Power Grid, and NTPC, on the other hand, were among the top losers.

HDFC AMC share price is down over 38% in the past year. In a recent move, popular fund manager Saurabh Mukherjea has exited his position in HDFC AMC.

The broader markets also ended on a firm note. The BSE MidCap index and the BSE SmallCap index ended higher by 1.4% and 1.2% respectively.

Barring energy sector, all sectoral indices ended in green with stocks in the auto sector, IT sector, and realty sector witnessing most of the buying.

As Indian share markets seem to be recovering, you must be wondering when will the markets fully recover.

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In this uncertainty, check out these 5 consistent compounding stocks that are available at discount.

As you know, IT stocks have taken a strong beating in the current calendar year. So be prepared on what may come next. Read about what the massive selloff in US tech stocks teaches us about investing.

Also, check out this stock we call as the greatest dividend stock of all time. This IT company's dividend growth rate has beaten Nifty's 20 year annual returns.

Gold prices for the latest contract on MCX were trading down by 0.3% at Rs 50,733 per 10 grams at the time of Indian market closing hours yesterday.

At 7:30 AM today, the SGX Nifty was trading up by 106 points or 0.7% higher at 15,670 levels.

Indian share markets are headed for a gap-up opening today following the trend on SGX Nifty.

Speaking of stock markets, Chartist Brijesh Bhatia discusses why it might be a good time to invest in realty stocks, in his latest video for Fast Profits Daily.

Brijesh believes the realty sector offers an excellent opportunity for investors looking at a three to five year time frame.

With the help of charts, Brijesh answers why and much more in the below video. Tune in to find out:

Top Buzzing Stocks Today

Titan share price will be among the top buzzing stocks today.

The company announced that its women's ethnic wear brand Taneira is eyeing about two-fold growth in revenue at Rs 3 bn in the current fiscal year, and Rs 10 bn by financial year 2027.

Note that Titan share price has been falling and is down close to 20% in 2022 so far.

Hindustan Zinc share price will also be in focus today.

The central government has decided to fast track Hindustan Zinc's offer for sale and is planning to appoint the transaction advisors soon.

The company has an exceptionally high dividend yield, but are dividend yield funds worth your money?

Market participants will also track shares of Route Mobile.

A meeting of the Board of Directors is scheduled to be held on 28 June, to consider a proposal for buyback of fully paid up equity shares of the company.

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Vodafone Idea delays AGR due payments

Vodafone Idea said that it will delay the payment of AGR dues amounting to Rs 88.4 bn by 4 years, after the Department of Telecommunications, offered the option to do so.

In a stock exchange filing, the cash strapped company said it will pay the final amount in six annual payments post moratorium period starting from 31 March 2026.

In October last year, the company was offered the option to defer AGR related dues upto the financial year 2017, as determined by the supreme court in the AGR case.

Acrysil doubles supply to IKEA

Acrysil has announced that it is doubling its supply of quartz kitchen sinks to IKEA supply AG, which is a part of international IKEA Group Sweden catering to their global requirement.

The production of kitchen sinks for IKEA will start at the end of July and the supply will begin in August.

Acrysil, a smallcap company, operates in the building materials sector and has a market cap of Rs 14.5 bn.

To know more about the company, check out Acrysil's financial factsheet and its latest quarterly results.

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Reliance seeks new technology for green hydrogen

Reliance Industries is assessing new technologies for making electrolyzers in its efforts to produce low-cost green hydrogen in the country.

Kapil Maheshwari, president for new energy at Reliance said:

    As part of the push, the company also plans to bid for any production-linked incentives the government may offer to encourage the technology.

Prime Minister Narendra Modi's government unveiled the first phase of its green hydrogen policy in February, offering a range of incentives for companies to set up projects.

Reliance Industries and Adani group have together pledged more than US$ 140 bn in green investments, as their fossil fuel-driven business pivot away from oil and coal.

To cut down expenses and reduce dependency on coal and oil, sustainable sources of energy like green hydrogen will become more of a necessity than a choice in the near future.

According to Co-head of Research at Equitymaster Tanushree Banerjee, green hydrogen is the key to electric vehicle (EV) riches.

Watch the below video to know why:

To know what's moving the Indian stock markets today, check out the most recent share market updates here.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

Read the latest Market Commentary

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