News for Essar Shipping Limited (ESSARSHPNG.BO)

Stock market update: Hero Motocorp, Tata Motors lead Nifty 50 gainers; Power Grid, Cipla decline. Sectoral rotation continues.

Essar Shipping on Thursday reported a consolidated loss of Rs 34.53 crore in the first quarter ended June 2024.

The Nifty Auto index was trading 0.72 per cent up at 25326.95.

The Nifty Bank index was trading 0.64 per cent up at 52605.9.

AMJ Land Holdings, HPL Electric Power, Essar Shipping, Railtel Corp and Career Point, hit their fresh 52-week highs at 11:05AM.

The Nifty Pharma index was trading 0.17 per cent down at 20566.55.

The Nifty Auto index was trading 0.09 per cent down at 25234.7.

Divis Labs, Maruti Suzuki, Bharti Airtel, HDFC Life and Asian Paints were among the top losers on NSE.

Shipping stocks surged with Shipping Corporation of India hitting a new all-time high, and Great Eastern Shipping a 52-week high. Investors anticipate a Rs 15,000-20,000 crore Maritime Development Fund from the Union Budget. Essar Shipping surged, along with Cochin Shipyard. Multibagger returns were seen, but experts' opinions do not represent Economic Times' views.

Shipping stocks rally today: hipping Corporation of India (SCI) share price soared 19.3 per cent to hit an all-time high of Rs 328.50 per share

In the Nifty pack, 19 stocks closed in the green, while 31 stocks ended in the red.

The Nifty IT index was trading 0.24 per cent down at 34844.2.

In the Nifty pack, 18 stocks were trading in the green, while 32 stocks were trading in the red.

In the Nifty pack, 29 stocks closed in the green, while 21 stocks ended in the red.

Kotak Bank, Divis Labs, Asian Paints, Dr. Reddys and RIL were among the top losers on NSE in today's trade.

The Nifty IT index closed 0.02 per cent up at 34531.45.

The Nifty Bank index closed 0.15 per cent down at 49705.75.

, Tata Motors, L&T, Adani Ports & SEZ, and Maruti were the top gainers within the Nifty50 pack. Kotak Mahindra Bank, Divi’s Laboratories, ITC, Reliance Industries, and Dr Reddy’s Laboratories were the major laggards.

All sectoral indices except pharma and healthcare index traded in green. Nifty realty rose 1.38 per cent at 1,098.60. Nifty bank was at 49,812.70, up 0.06 per cent