NIFTY, SENSEX decline; Dreamfolks, TVS Motors, HDFC Bank, HDB Financial among buzzing stocks

Benchmark indices SENSEX and NIFTY were trading in red on Wednesday, July 2. SENSEX fell 175.3 points to 83,521.99 at 12:25 pm, while NIFTY descended 0.19% to 25,493.

From the NIFTY firms, Shriram Finance, Bajaj Finserv, IndusInd Bank, Bajaj Finance, BEL, HDFC Life, L&T, HDFC Bank, Nestle India and Jio Financial Services were among the laggards.

JSW Steel, Tata Steel, UltraTech Cement, Hindalco, Bharti Airtel, Tata Motors, Asian Paints, Maruti and Sun Pharma were among the biggest gainers.

Buzzing Stocks on July 2; check list

"While the company is currently evaluating the exact potential impact of aforesaid, it is likely to be material in nature. Activation of new programs/ deactivation of existing programs is part of our regular business operations. Moreover, the company is committed to take requisite actions for mitigating above impact," it said in an exchange filing.

The ₹12,500-crore initial public offer was subscribed 16.69 times. The IPO consisted of a fresh issue of shares valued at ₹2,500 crore and an offer-for-sale of ₹10,000 crore. The company intends to utilise proceeds to boost its tier-I capital base.

The market capitalisation of the company stands at ₹15,27,985.15 crore.

"With this, the TVS iQube portfolio now offers an array of six variants, making this one of the widest and most compelling portfolios in the segment," it said.

The stock is down 0.21% to ₹2,887.6 per unit on the NSE.

The estimated value of the contract, excluding GST, is ₹175 crore.

The redevelopment projects have a gross development value (GDV) of ₹3,000 crore. "The Development Agreement (DA) has already been executed with 5 societies, while LOIs have been received from the remaining 3 societies, with DA execution expected over the next few days," the firm said.

The stock is trading at ₹653.9 apiece, reflecting an increase of 3.15% on the NSE.