Market@11: Indices maintain positive momentum

The market opened today with positive momentum, with major indexes climbing up to half a percent in the morning before retracting some of those gains.

Midcap and smallcap stocks are experiencing upward movement, while the pharma, healthcare, and FMCG sectors are trading lower.

Reliance set for Q2 results

Reliance Industries initially dipped this morning but later rebounded. The stock has already seen an increase earlier this month, with the company set to announce its second-quarter results on Monday.

In light of Ratan Tata's passing, TCS has postponed its result announcement originally scheduled for today, with a new date to be confirmed later.

L&T shares surged by two percent following the announcement of new orders worth Rs 1,000 crore.

Data breach affects shares

Star Health faced a cyber breach, resulting in the leak of personal information of three crore individuals, causing its shares to decline by over three percent.

Adani Enterprises saw a drop of three percent after revealing plans to issue new shares totaling Rs 4,200 crore to financial institutions and funds.

Conversely, shares of Rain Industries rose by 7% after signing a new collaboration agreement in battery manufacturing.

PNC Infratech also reported a significant gain, with its stock climbing 6% after winning a contract valued at Rs 2,091 crore.

The Indian rupee opened the day steady, trading at Rs 83.96 against the dollar.

In the commodities market, gold prices increased to $2,612 per ounce globally, while in Kerala, the price of jewelry gold decreased by Rs 40 to Rs 56,200.

Crude oil prices experienced a slight decline, with Brent crude trading at $77.15 per barrel.