Stock market update: Nifty Auto index advances 1.04%

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Business Standard

an hour ago

• Business Standard

Quick Wrap: Nifty Realty Index gains 2.11%, NIFTY jumps 1.29%

Nifty Realty index closed up 2.11% at 1013.65 today. The index has gained 8.00% over last one month. Among the constituents, Macrotech Developers Ltd added 4.06%, Phoenix Mills Ltd gained 3.18% and Sobha Ltd fell 2.83%. The Nifty Realty index has fallen 11.00% over last one year compared to the 6.56% increase in benchmark Nifty 50 index. In other indices, Nifty Infrastructure index gained 1.73% and Nifty PSU Bank index added 1.64% on the day. In broad markets, the Nifty 50 added 1.29% to close at 25112.4 while the SENSEX recorded a gain of 1.29% to close at 82408.17 by Capital Market - Live News

Business Standard

an hour ago

• Business Standard

Sensex, Nifty gain 1.3% on RBI norms, Trump's pause on Iran strike

Domestic markets rose on Friday, propelled by gains in banking and other heavyweights, after the relaxation of project finance regulations. US President Donald Trump's announcement that he would take two weeks to decide whether to intervene directly in the Iran–Israel conflict provided some relief to investors. The benchmark Sensex closed at 82,408 on Friday, up 1,046 points or 1.3 per cent. The Nifty also ended the session at 25,112, gaining 319 points or 1.3 per cent. HDFC Bank, Reliance Industries, Bharti Airtel and ICICI Bank accounted for over half of the index gains. Both the Sensex and the Nifty rose 1.6 per cent over the week. The total market capitalisation of BSE-listed companies increased by ₹5 trillion, reaching ₹448 trillion. The final project finance norms will take effect from October 1, 2025. The Nifty Bank index increased by 1.2 per cent. Foreign portfolio investors (FPIs) were buyers to the tune of nearly ₹8,000 crore, while domestic investors pulled out ₹3,050 crore. Institutional investor activity was higher than usual due to adjustments related to the latest rebalancing of BSE and FTSE indices. Passive funds tracking the Sensex index had to sell Nestlé and IndusInd Bank, which will be excluded from the index from Monday. On the other hand, they bought new entrants Trent and Bharat Electronics. Other Sensex components also saw changes due to weight adjustments. Meanwhile, the White House's statement on Iran eased concerns about US involvement in the Middle East conflict. In a dictated message on Thursday, President Trump said there was a significant chance of negotiations with Iran, which may or may not happen soon, and that he would decide whether to join Israel's strikes against Iran within the next two weeks. Trump's latest statement is seen as a step back from earlier harsh rhetoric. Israel has continued to attack Iran's nuclear sites and has warned of overthrowing Tehran's leadership, while Iran maintains its stance of no negotiations with the US as long as Israel's assault continues. The Brent crude price fell by 3 per cent and was trading at $75.7 on Friday. However, in June, crude prices had risen by 21 per cent. Gold declined by 0.7 per cent and was trading at $3,348. It fell by 2.4 per cent during the week. 'Equity indices surged as Middle East tensions eased, with the risk of immediate military action reduced due to expected US dialogue with Iran. This development led to a correction in crude prices, favouring domestic markets and boosting foreign investors' sentiment,' said Vinod Nair, head of research at Geojit Financial Services. The market breadth was strong, with 2,463 stocks advancing and 1,484 declining. Moving forward, the trajectory of the Middle East conflict and US trade policy will determine the market's direction. 'The outlook remains positive, and a decisive move above 25,200 on the Nifty would signal the end of the ongoing five-week consolidation phase and pave the way for the 25,600–25,800 zone. In the absence of any major domestic events, global markets will continue to guide sentiment,' said Ajit Mishra, senior vice-president, research, at Religare Broking.

The Hindu

an hour ago

• The Hindu

Stock indices gain 1.3%, mirroring Asian markets

Benchmark stock indices broke their three-day losing streak and gained 1.3%, buoyed by robust Asian market performance and advancing U.S. futures. Despite opening marginally lower, the indices swiftly moved upwards and sustained momentum throughout the trading session. The S&P BSE Sensex closed at 82,408 points, up 1,046 points, or 1.29%, led by gains in heavy height stocks. Bharti Airtel gained 3.27%, M&M and PowerGrid gained 2.93% and 2.38%, respectively while Reliance and Nestle surged 2.16% and 1.97% respectively. The NSE Nifty-50 index, too, gained 319% or 1.29% to close at 25,112 points. 'Market sentiment experienced a pronounced bullish shift following President Donald Trump's announcement that he would determine within the forthcoming two weeks whether the United States would intervene in the Iran-Israel conflict. This geopolitical development provided the catalyst for renewed investor confidence,' said Devarsh Vakil, head of Prime Research, HDFC Securities. 'The return of optimistic sentiment to Dalal Street manifested in a comprehensive buying surge, as bulls initiated broad-based accumulation across sectors. This renewed appetite for risk assets propelled both flagship equity benchmarks — the Nifty 50 and Sensex — to rally in excess of 1% during Friday's trading session, underscoring the market's renewed vigour and investor conviction,' he added. Nifty Midcap 100 Index gained by 1.46%, while the Nifty Smallcap 100 Index rose over 1%. Market breadth turned positive after seven days, with advancing stocks sharply outpacing declining ones, as indicated by a BSE advance-decline ratio of 1.67, highest since June 9. The buying was broad-based, with all sectoral indices ending in the green. Amongst them, realty, PSU banks, metal, and auto sectors were the major outperformers, leading the charge from the front. All major sectoral indices ended in the green, indicating widespread optimism. Notable gains were seen in metal, PSU bank, realty, power, telecom, and capital goods, with each sectoral index rising between 1% and 2%.