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The Hindu
4 hours ago
- Business
- The Hindu
Markets snap third-day losing run; Sensex jumps 1,000 points as financial, telecom shares gain
Equity benchmark indices Sensex and Nifty rebounded sharply by over 1% on Friday (June 20, 2025) after sliding for the past three sessions, propelled by bargain hunting in financial, telecom and tech stocks amid a correction in global crude prices. A largely supportive trend overseas and renewed foreign capital inflows supported the domestic equities amid easing tension in the Middle East, traders said. After a flat start, the 30-share BSE Sensex later found its mojo back and surged 1,046.30 points or 1.29%, to settle at 82,408.17. During the day, it jumped 1,132.62 points or 1.39%, to 82,494.49. The 50-share NSE Nifty climbed 319.15 points or 1.29%, to 25,112.40. 'Equity indices surged as Middle East tension moderated with the risk of immediate military actions reduced as US dialogue with Iran is expected to take place. The development led the crude price to correct, favouring domestic markets and boosting foreign investors' sentiments. 'In the broader market, a rapid fall in the VIX index and buying were witnessed in rate-sensitive and consumer-orientated sectors like finance, auto and reality, and in anticipation of better Q1FY26 results led by rate cut benefits, a drop in inflationary pressure and a rebound in consumer spending,' Vinod Nair, Head of Research, Geojit Investments Limited, said. From the Sensex firms, Bharti Airtel, Nestle, Mahindra & Mahindra, Power Grid, Reliance Industries, NTPC, Eternal and HDFC Bank were among the biggest gainers. In contrast, Axis Bank and Maruti were the laggards. In Asian markets, South Korea's Kospi and Hong Kong's Hang Seng settled in positive territory, while Japan's Nikkei 225 index and Shanghai's SSE Composite index ended lower. Markets in Europe were trading higher in mid-session trade. US markets were closed on Thursday (June 19, 2025) for the Juneteenth holiday. Global oil benchmark Brent crude dropped 1.93% to $77.33 a barrel. Foreign Institutional Investors (FIIs) bought equities worth Rs 934.62 crore on Thursday (June 19, 2025), according to exchange data. Domestic Institutional Investors (DIIs) also bought equities worth Rs 605.97 crore. On Thursday (June 19, 2025), the 30-share BSE Sensex declined 82.79 points, or 0.10%, to settle at 81,361.87. The Nifty dipped 18.80 points or 0.08% to 24,793.25.
India Today
5 hours ago
- Business
- India Today
Sensex ends 1,046 points higher, Nifty above 25,100; Bharti Airtel jumps 3%
Benchmark stock market indices rallied on Friday, with Dalal Street adding over 1%, ending the week on a high note. Heavyweight financial and banking sector stocks surged, pushing markets S&P BSE Sensex jumped 1,046.30 points to end at 82,408.17, while the NSE Nifty50 added 319.50 points to close at 25, Nair, Head of Research, Geojit Investments Limited, said that the equity indices surged as Middle East tension moderated with risk of immediate military actions reduced as US dialogue with Iran is expected to take development led the crude price to correct, favouring domestic markets and boosting foreign investors' sentiments," he Airtel topped the gainers with an impressive 3.27% surge, followed by Mahindra & Mahindra up 2.93%, PowerGrid rising 2.38%, Reliance Industries gaining 2.16%, and Nestle India adding 1.97%. On the losing side, Maruti Suzuki was the only major decliner, falling 0.02% in an otherwise positive session for the index."In the broader market, rapid fall in VIX index and buying was witnessed in rate sensitives and consumer oriented sectors like Finance, Auto and Reality and in anticipation of better Q1 FY26 results led by rate cuts benefits, drop in inflationary pressure and rebound in consumer spending," said broader market indices ended strongly with Nifty Midcap 100 gaining 1.46%, Nifty Smallcap up 1.01%, while India VIX fell 4.08%.All sectoral indices closed in positive territory, led by Nifty Realty surging 2.11%, followed by Nifty PSU Bank up 1.64%, Nifty Financial Services gaining 1.49%, Nifty Metal rising 1.39%, Nifty Healthcare adding 1.07%, Nifty Auto up 1.04%, Nifty Private Bank gaining 1.03%, Nifty Oil & Gas rising 0.91%, Nifty IT adding 0.84%, Nifty Pharma up 0.80%, Nifty Consumer Durables gaining 0.73%, Nifty FMCG rising 0.64%, and Nifty Media advancing 0.35%.advertisementThere were no sectors in the red as the market witnessed broad-based buying across all segments. Realty and PSU banks led the rally while all other sectors participated in the positive closing session on Friday.(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)
Mint
8 hours ago
- Business
- Mint
Indian stock market: Israel-Iran war to India-US trade deal— 5 factors that hold keys to trend reversal on Dalal Street
The Indian stock market has been rangebound for almost a month amid heightened geopolitical tensions, Trump's tariff-related uncertainties and stretched valuations. While the benchmark Nifty 50 is up about 1 per cent for June so far, it has stayed in the range of 24,470 to 25,200, failing to hold and extend gains. The domestic market is torn between contrasting triggers, keeping it range-bound. Key macro tailwinds exist on the domestic front. India's GDP is expected to rise about 6-6.5 per cent in FY26, while inflation could fall below 4 per cent. RBI Governor Sanjay Malhotra, after the June policy meeting, lowered the CPI (consumer price index)-based inflation estimates for FY26 to 3.7 per cent from 4 per cent projected earlier while maintaining the real GDP growth estimates at 6.5 per cent for the year. The World Bank expects the Indian economy to grow at 6.3 per cent in FY26. With over 6 per cent growth, India would be the fastest-growing major economy in the world. Moreover, the World Bank expects the Indian economy to grow slightly faster, at 6.5 per cent in FY27 and 6.7 per cent in FY28. On the other hand, geopolitical tensions, global economic slowdown and uncertainty about US President Donald Trump's tariff policies are the key headwinds for the domestic market. Even though domestic consumption remains the dominating theme for the Indian economy, the domestic market cannot completely remain immune to global developments. Let's take a look at five key factors that hold the keys to trend reversal on Dalal Street: The end of the Israel-Iran war could significantly influence market sentiment globally. The Indian stock market may break out on the upside after the two warring countries agree to resolve their issues through talks. "The Nifty, which has been trading within the 24,500-25,000 range for about a month now, is likely to remain within this range in the near term. The upper side of the range will be broken only on news of de-escalation of the Israel-Iran conflict or an abrupt end to the war," said VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited. Experts at Kotak Institutional Equities believe that the Iran-Israel conflict has raised concerns about India's hitherto solid macroeconomic position and highlighted the higher geopolitical risks in the new world order. "The emergence and escalation of the Iran-Israel conflict may have negative consequences for the Indian economy and market, especially as the rich valuations of the Indian market, sectors and stocks leave very little scope for any negative developments," said Kotak. Experts point out that the Indian stock market has maintained its uptrend despite geopolitical instability. A relief on this front can propel the market to new highs. 'Geopolitical tensions increasingly appear to be the new normal. It began with the Russia-Ukraine conflict, over two years ago, followed by the Israel-Hamas war. In between, there were flare-ups between India and Pakistan, and now tensions are escalating between Israel and Iran. Yet, despite these global headwinds, the Indian stock market has continued its upward trajectory. In a more stable geopolitical environment, the market may soar to unprecedented highs,' said Jaspreet Singh Arora, Chief Investment Officer at Equentis Wealth Advisory Services. The US-India trade deal will also be a key factor for the domestic market. India hopes that both countries will finalise a trade deal before Trump's 'reciprocal tariffs' kick in on July 9. "Before the end of July, a trade deal between India and the US should be finalised. The negotiations are on. Many major nations are expected to finalise their deals by the end of next month. This would be a major trigger for the markets," said Arora. US Fed meeting: Rate cuts unlikely; can Powell's hawkish tone upset trend reversal buzz in Indian stock market? (This is a developing story. Please check back for fresh updates.) Read all market-related news here Read more stories by Nishant Kumar Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions, as market conditions can change rapidly, and circumstances may vary.
India Today
8 hours ago
- Business
- India Today
Sensex opens 228 points higher, Nifty above 24,800; Nestle gains 1%
Benchmark stock market indices opened higher on Friday, possibly due to buying from investors, amid rising tensions between Israel and Iran, leading to cautious sentiment on Dalal S&P BSE Sensex was up 160.43 points to 81,522.30, while the NSE Nifty50 gained 36.45 points to 24,829.70 as of 9:23 VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, said that Nifty which has been trading within the 24500-25000 range for about a month now is likely to remain within this range in the near-term."The upper side of the range will be broken only on news of deescalation of the Israel-Iran conflict or an abrupt end to the war. There is uncertainty on this. The lower side of the range is unlikely to break since big buying, particularly by domestic institutions, will emerge on dips. If the war lingers and crude rises beyond $85 the lower band of the range will be broken," he & Mahindra led the early gainers with a 1.01% jump, followed by Bharti Airtel up 0.71%, Eternal up 0.70%, UltraTech Cement gaining 0.61%, and HDFC Bank rising 0.57%. On the losing side, IndusInd Bank dropped 0.90%, Bajaj Finance fell 0.49%, Tech Mahindra declined 0.37%, Kotak Mahindra Bank was down 0.21%, and Tata Motors slipped 0.10%.The broader market indices opened with mixed signals as Nifty Midcap 50 gained 0.04%, Nifty Midcap 100 rose 0.05%, while Nifty Smallcap fell 0.10% and India VIX dropped 4.15%.Among sectoral indices, several posted gains including Nifty PSU Bank up 0.63%, Nifty Realty rising 0.41%, Nifty Financial Services gaining 0.33%, Nifty Healthcare adding 0.21%, Nifty Pharma up 0.12%, Nifty Auto rising 0.11%, Nifty Private Bank gaining 0.06%, Nifty Metal adding 0.04%, and Nifty FMCG advancing 0.01%.advertisementHowever, some sectors opened in the red. Nifty Media declined 0.66%, Nifty Consumer Durables fell 0.38%, Nifty Oil & Gas dropped 0.14%, and Nifty IT slipped 0.12%."A distinct feature of the market trend visible in yesterday's trade was the weakness in the broader market. While Nifty remained almost flat, SMIDs cracked with the smallcap index correcting sharply by 2%," said Vijayakumar."This trend of weakness in the broader market is likely to continue since they are excessively valued and the ongoing risk-off can lead to further selling in this segment. Money may move from the over-valued SMIDs to the fairly valued, safe largecaps in financials, industrials, autos and real estate," he added.(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)Must Watch
Time of India
12 hours ago
- Business
- Time of India
Stock market today: Nifty50 opens above 24,800; BSE Sensex up over 200 points
Market analysts anticipate continued consolidation, following international market trends and geopolitical situations. (AI image) Stock market today: Nifty50 and BSE Sensex , the Indian equity benchmark indices, opened in green on Friday. While Nifty50 went above 24,800, BSE Sensex was up over 200 points. At 9:22 AM, Nifty50 was trading at 24,831.05, up 38 points or 0.15%. BSE Sensex was at 81,568.71, up 207 points or 0.25%. Market analysts anticipate continued consolidation, following international market trends and geopolitical situations. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited says, 'Nifty which has been trading within the 24500-25000 range for about a month now is likely to remain within this range in the near-term. The upper side of the range will be broken only on news of deescalation of the Israel-Iran conflict or an abrupt end to the war. There is uncertainty on this. The lower side of the range is unlikely to break since big buying, particularly by domestic institutions, will emerge on dips. If the war lingers and crude rises beyond $85 the lower band of the range will be broken. 'A distinct feature of the market trend visible in yesterday's trade was the weakness in the broader market. While Nifty remained almost flat, SMIDs cracked with the smallcap index correcting sharply by 2%. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like What She Did Mid-Air Left Passengers Speechless medalmerit Learn More Undo This trend of weakness in the broader market is likely to continue since they are excessively valued and the ongoing risk-off can lead to further selling in this segment. Money may move from the over-valued SMIDs to the fairly valued, safe largecaps in financials, industrials, autos and real estate. " S&P 500 futures declined approximately 0.3% from Wednesday's closing in early Asian trading, compared to 0.9% reduction on Thursday during US markets' Juneteenth holiday closure. Japanese and Australian markets remained range-bound. Oil prices were set to increase for the third consecutive week despite Friday's decline, as investors remained cautious amid ongoing warfare between Israel and Iran, with neither nation showing signs of retreat. Gold prices maintained stability on Friday amid heightened geopolitical tensions between Israel and Iran in the Middle East, whilst investors remained cautious about potential US intervention. Foreign portfolio investors sold shares worth Rs 934 crore net on Thursday. Domestic institutional investors were net purchasers at Rs 606 crore. FIIs' position in the futures market decreased from a net short of Rs 99,483 crore on Tuesday to Rs 99,183 crore on Wednesday. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
