Latest news with #GIFTNifty
News18
12 hours ago
- Business
- News18
Stock Market Updates: GIFT Nifty Signals Negative Start; China Holds Lending Rates
Last Updated: Benchmark indices Sensex and Nifty are expected to be influenced today by a mix of global and domestic factors Sensex Today: Benchmark indices Sensex and Nifty are expected to be influenced today by a mix of global and domestic factors, including Japan's inflation data, China's loan prime rate decision, escalating tensions between Israel and Iran, India's forex reserves update, and institutional activity. As of 8:40 AM, GIFT Nifty futures were trading 25 points lower at 24,778.5, hinting at a weak start for domestic equities. Global Market Cues Asia-Pacific markets showed mixed trends on Friday as investors reacted to China's key lending rate announcements and tracked mounting geopolitical tension in the Middle East. The People's Bank of China (PBoC) held its one-year loan prime rate steady at 3.0% and the five-year rate at 3.5%, matching market expectations. Geopolitical risks remained elevated, with U.S. President Donald Trump reportedly weighing support for possible Israeli military action against Tehran. A decision from the White House is expected within two weeks. In Japan, the Nikkei was last up 0.27%, while the broader Topix index was flat. Core inflation in Japan rose to 3.7% in May — its highest since January 2023 — surpassing April's 3.5% reading and Reuters' forecast of 3.6%. Meanwhile, headline inflation slightly eased to 3.5% from 3.6% in the previous two months, marking its lowest level since November. Elsewhere in Asia, South Korea's Kospi slipped into the red after early gains, down 0.014%, while Australia's ASX 200 also reversed its opening strength, falling 0.37%. Meanwhile, the Bank of England, at its June policy meeting, voted 6-3 to hold the Bank Rate steady at 4.25%, as it continues to deal with sticky inflation and global macroeconomic uncertainty. First Published:
Business Standard
12 hours ago
- Business
- Business Standard
GIFT Nifty signals firm start
GIFT Nifty: GIFT Nifty June 2025 futures were trading 41.50 points higher in early trade, suggesting a positive opening for the Nifty 50. Institutional Flows: Foreign portfolio investors (FPIs) bought shares worth 934.62 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 605.97 crore in the Indian equity market on 19 June 2025, provisional data showed. According to NSDL data, FPIs have sold shares worth Rs 10710.25 crore in the secondary market during June 2025. This follows their purchase of shares worth Rs 18082.82 crore in May 2024. Global Markets: US Dow Jones futures were down 156 points, signaling a weak start for Wall Street. Wall Street was closed on Thursday for the Juneteenth holiday. Asian stocks traded mixed Friday as investors assessed China data and monitored escalating tensions between Israel and Iran. U.S. President Donald Trump is now weighing on whether to back the Israeli military and strike Tehran. The White House said that he will make a final decision within the next two weeks. Japan's core consumer price index (CPI), which excludes volatile fresh food costs, rose 3.7% in May from a year earlier, data showed on Friday, accelerating from a 3.5% increase in April. China kept its benchmark lending rates unchanged Friday. The Peoples Bank of China held the 1-year loan prime rate at 3.0% and 5-year LPR at 3.5%, according to a statement Friday. Domestic Market: Key equity benchmarks ended with marginal losses Thursday, marking the third straight session of decline, as investor sentiment remained shaky due to escalating tensions between Israel and Iran. Adding to the caution, the U.S. Federal Reserve's decision to hold interest rates steady also weighed on global cues. The S&P BSE Sensex shed 82.79 points or 0.10% to 81,361.87. The Nifty 50 index fell 18.80 points or 0.08% to 24,793.25. The Sensex and the Nifty have fallen 0.53% and 0.61%, respectively, in three sessions.
&w=3840&q=100)
Business Standard
13 hours ago
- Business
- Business Standard
Stocks to Watch today, June 20: HDFC Bk, Nestle, Concor, Sai Life Sciences
Stocks to Watch today, June 20: Indian equities are poised for a flat start as speculation over potential US intervention in West Asia has grabbed the market's attention. Last seen, GIFT Nifty futures were down 14 points at 24,789. On Thursday, reportedly, Israel bombed nuclear targets in Iran and Iran fired missiles and drones at Israel after hitting an Israeli hospital overnight, as a week-old air war escalated with no sign yet of an exit strategy from either side. Meanwhile, the White House said US President Donald Trump will make a decision within the next two weeks whether to get involved on Israel's side. Global markets were mixed post the developments. On the Asia-Pacific front, last checked, mainland China's CSI 300 was up 0.18 per cent, Hong Kong's Hang Seng up 0.23 per cent, Japan's Nikkei flat, and Australia's ASX 200 down 0.38 per cent. Overnight, futures tied to the Dow Jones Industrial Average slipped 154 points, or 0.3 per cent. Nasdaq 100 futures ticked down 0.2 per cent, while S&P 500 futures fell 0.2 per cent. Regular trading was closed in the US on Thursday for the Juneteenth holiday. CATCH STOCK MARKET UPDATES LIVE TODAY Here is a list of stocks to watch today, Friday, June 20, 2025: Block deal alert: Sai Life Sciences: Reportedly, TPG Asia is likely to sell 6 per cent stake through block deals at a floor price of ₹710 per share at a discount of 2.5 per cent from current market price (CMP). The offer size of the deal at ₹887.8 crore. HDFC Bank: Non-banking arm unit of HDFC Bank, HDB Financial Services has fixed its initial public offering's (IPO's) price band at ₹700 to ₹740 per equity share of face value of ₹10 each. Consequently, the minimum bid lot for the IPO has been fixed at 20 shares and applications may be made in multiples of 20 thereafter. HDB Financial Services IPO will open on June 25, 2025, and will conclude on June 27. Nestle India: The board is scheduled to consider a bonus share issue on June 26. Meanwhile, Nestle and IndusInd Bank will be removed from the BSE Sensex on June 23 as part of the index's rebalancing. They will be replaced by Trent and Bharat Electronics, both gaining visibility after their inclusion in the Nifty 50, adding momentum to index-linked fund interest. Container Corporation of India: Concor has set July 4, 2025, as the record date for its 1:4 bonus share issue. Hindustan Aeronautics: HAL's board is set to mull final dividend for FY25 on June 27. Kaynes Technology India: The company launched its qualified institutional placement (QIP) at a floor price of ₹5,625.75 per share. ITD Cementation: The company has secured two new contracts worth ₹960 crore. Ashoka Buildcon: The company has received a Letter of Acceptance (LoA) from the Government of Guyana, Public Works Department for a project worth $67 million. LTIMindtree: The company has announced the launch of its new business, BlueVerse, an integrated AI platform that helps businesses fast-track their AI transformation journeys. HCL Technologies: The company has been roped in by Just Energy, a major US energy retailer, to overhaul its customer operations and enterprise systems. Maruti Suzuki: The auto company has stocks of rare earth magnets imported from China that will last only until the end of July. The company will prepare a contingency plan, including exploring alternatives if the ongoing issue remains unresolved by then. TCS: Tata Consultancy Services (TCS) has clarified at its 30th annual general meeting (AGM) that the company is not under investigation in relation to the recent cyber breach at one of its largest retail clients, Marks & Spencer. Wipro: The IT company has leased 3.87 lakh square feet (sq ft) of office space at Mindspace Business Park in the Mumbai Metropolitan Region (MMR) for a tenure of 10 years, according to lease-related documents provided by Propstack, a real estate data analytics firm. Mastek: The digital engineering and cloud transformation partner, announced the launch of a comprehensive suite of AI solutions and services aimed at accelerating AI innovation and driving enterprise-wide AI adoption. Brigade Enterprises: Brigade Group's workspace brand, BuzzWorks, signed up for a 24,000 sq. ft. workspace at Auro Orbit, HITEC City. Uno Minda: The company's board approved the setting up of a greenfield manufacturing facility for aluminium die casting in Sambhaji Nagar (Aurangabad) Maharashtra. The project involves a total planned capital investment of approximately ₹210 crore, to be implemented in a phased manner over the next five years. Adani Power: The approved National Company Law Tribunal (NCLT), bench at Mumbai approved the company's resolution plan for acquisition of VIPL, a company undergoing the corporate insolvency resolution process under the Insolvency and Bankruptcy Code. Crisil: The company has invested ₹33.25 crore to acquire a minority stake in Online PSB Loans Ltd (OPL). In December 2024, Crisil had announced its intention to invest. Samvardhana Motherson International: The board has approved the execution of Power Delivery Agreements (PDA) with HR Dhauliganga Private Limited (HRDPL), by the company and its subsidiaries.
&w=3840&q=100)
Business Standard
14 hours ago
- Business
- Business Standard
Stock Market LIVE: GIFT Nifty flat; Asia mixed; China holds lending rates
Sensex Today | Stock Market LIVE on Friday, June 20, 2025: At 6:50 AM, GIFT Nifty futures were trading 3 points lower at 24,800, indicating a flat start for the bourses. 7:11 AM Stock Market LIVE Updates: Siemens Energy: The power play that doesn't overload on valuations Stock Market LIVE Updates: Siemens Energy India listed on Thursday at ₹2,840 and closed at ₹2,735. The equity base of the demerged entity is 356 million shares. This arm of Siemens Group will provide integrated products, solutions, and services across the value chain of oil and gas, power generation, and transmission. It may be described as an energy transition and decarbonisation play. It has 10 state-of-the-art facilities in India and exclusive business rights across South Asia from the group. The estimated transmission and distribution (T&D) capital expenditure (capex) in India alone is projected to be about ₹9.2 trillion until 2031-32 (FY32). Apart from parentage, Siemens Energy has technology leadership, a strong product portfolio, infrastructure, and leadership in several verticals. It could find opportunities across the entire value chain. READ MORE 7:10 AM Stock Market LIVE Updates: Corporate bond funds: Assess portfolio quality, expense ratio before entry Stock Market LIVE Updates: Corporate bond funds (CBFs) attracted ₹11,983 crore in net inflows in May, the highest among debt fund categories, according to data from the Association of Mutual Funds in India (Amfi). These funds invest in corporate bonds rated AAA and AA+, and hence carry low credit risk. 'The surge in investor interest in CBFs, leading to high inflows in May, is probably driven by relatively attractive yields compared to government securities, making high-rated bonds appealing. Ample system liquidity from the Reserve Bank of India (RBI) operations has also encouraged investment,' says Devang Shah, head – fixed income, Axis Mutual Fund. READ MORE 7:07 AM Stock Market LIVE Updates: Trump to decide on US action in Israel-Iran conflict within two weeks Stock Market LIVE Updates: President Donald Trump will decide within the next two weeks whether to strike Iran, the White House said Thursday, saying Trump still sees a 'substantial' chance that negotiations can achieve US and Israeli demands on Iran's nuclear programme. Trump's announcement, relayed by press secretary Karoline Leavitt, puts an extended timeline on the president's warnings to Iran to immediately shut down its enrichment operations and any other potential for producing nuclear weapons. 'Based on the fact that there's a substantial chance of negotiations that may or may not take place with Iran in the near future. I will make my decision whether or not to go within the next two weeks,' Leavitt quoted Trump as saying. READ MORE 7:07 AM Stock Market LIVE Updates: Kremlin warns US against Iran strike, cautions of major escalation Stock Market LIVE Updates: Washington would be making a serious mistake by launching an attack on Iran, Kremlin spokesperson Dmitry Peskov said, warning that direct US involvement in the ongoing Israel-Iran conflict would further destabilise the region, as reported by RT. Tensions have escalated since last week after Israel launched a large-scale bombing campaign against Iran, alleging that Tehran was on the verge of producing a nuclear bomb. Iran denied the allegations and responded with multiple drone and missile strikes. The exchange of hostilities between the two nations has continued, stoking fears of a wider regional war. Commenting on the possible US strike, Peskov said, "Moscow believes it is a wrong move. This is a step that is bound to lead to further escalation, a major escalation, and would only complicate the situation in the region," RT reported. 7:06 AM Stock Market LIVE Updates: RBI relief for project finance, only 1% provision in construction phase Stock Market LIVE Updates: In a huge relief to lenders, including commercial banks, the Reserve Bank of India (RBI) has mandated general provision of only 1 per cent of funded outstanding during the construction phase for all projects except for commercial real estate (CRE), as compared to 5 per cent proposed in the draft norms released in May last year. The final norms on project finance, released on Thursday, would come into effect from October 1, 2025, the RBI said. For CRE, the general provision requirement would be 1.25 per cent in construction phase while it would be 1 per cent for CRE-Residential Housing (RH). 7:01 AM Stock Market LIVE Updates: F&O: Here's a 'Bear Spread' for Nifty MidCap as it drops below 5, 20-DEMA Stock Market LIVE Updates: BEAR SPREAD Strategy on MIDCAP NIFTY Buy MIDCAP NIFTY (June 26 expiry) 12,700 PUT at ₹143 & simultaneously sell 12,600 PUT at ₹100 Lot Size:120 Cost of the strategy: ₹43 (₹ 5,160 per strategy) Maximum profit: ₹6,840 if the MIDCAP NIFTY closes at or below 12,600 on June 26 expiry Breakeven Point: ₹12,657 More Details Here 7:00 AM Stock Market LIVE Updates: China expectedly keeps key lending rates steady after May cut Stock Market LIVE Updates: China expectedly kept its benchmark lending rates unchanged Friday, following the sweeping monetary easing measures rolled out last month to boost growth. The People's Bank of China held the 1-year loan prime rate at 3 per cent and 5-year LPR at 3.5 per cent, according to a statement Friday, in line with Reuters poll estimates. Last month, Chinese authorities cut the lending rates for the first time since October by 10 basis points (bps), in their bid to cushion the impact from trade tensions with Washington.
New Indian Express
a day ago
- Business
- New Indian Express
Equities open lower amid Mideast tensions, Fed caution, sectoral weakness
CHENNAI: The Indian equity markets have started on a cautiously negative note on Thursday. While the broad indices are under pressure, fundamentals are holding up in select sectors as volatility remains high, but opportunity lies in discerning sector leadership. GIFT Nifty, a key pre-market indicator, was trading about 70 points lower, hinting at a soft start—with global cues seen as pivotal for today's direction. In the early session, Nifty50 opened slightly below 24,800, roughly at 24,803, down ~9 points (–0.04%), and Sensex began the session around 81,410, off nearly 34–100 points (–0.04% to –0.12%). Key Drivers Behind the Opening Dip 1. Global Turbulence Geopolitical tension in the Middle East—specifically Israel–Iran developments—fueling risk aversion. US Federal Reserve's hawkish tone: Despite holding rates steady, it signaled fewer cuts later this year, maintaining tightening pressure. 2. Sector-wise weakness Broader Asian markets plunged, with MSCI Asia ex‑Japan off about 1.1%, and in India, IT, banking, and financials were major laggards in early trading.
