Latest news with #Nifty50
Business Standard
an hour ago
- Business
- Business Standard
Geopolitics on hold, bulls in control: Nifty reclaims 25K
Bulls stormed Dalal Street on Friday, pushing the Nifty 50 index past 25,000, snapping a three-day losing streak. The rally gained momentum in the final hour as Middle East tensions showed signs of cooling and foreign investors returned to Indian equities. Sentiment improved after reports suggested a potential de-escalation in the Iran-Israel conflict, with the White House indicating that US President Donald Trump would take at least two weeks to decide on any involvement, leaving room for diplomatic engagement. This helped cool Brent crude prices, easing concerns over Indias energy import costs and giving a further boost to equities. Short covering ahead of next weeks monthly F&O expiry added to the surge. All NSE sectoral indices ended in the green, led by gains in realty and PSU bank stocks. The S&P BSE Sensex jumped 1,046.30 points or 1.29% to 82,408.17. The Nifty 50 index jumped 319.15 points or 1.29% to 25,112.40. The Sensex and the Nifty fell 0.53% and 0.61%, respectively, in the past three sessions. Reliance Industries (up 2.16%), HDFC Bank (up 1.60%) and ICICI Bank (up 1.13%) boosted the indices. In the broader market, the S&P BSE Mid-Cap index rose 1.20% and the S&P BSE Small-Cap index added 0.55%. The market breadth was strong. On the BSE, 2,463 shares rose and 1,484 shares fell. A total of 147 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, tanked 4.08% to 13.67. Numbers to Track: The yield on India's 10-year benchmark federal paper shed 0.02% to 6.311 from the previous close of 6.312. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 86.6150 compared with its close of 86.7350 during the previous trading session. MCX Gold futures for 5 August 2025 settlement shed 0.56% to Rs 98,774. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.19% to 98.60. The United States 10-year bond yield rose 0.25% to 4.407. In the commodities market, Brent crude for August 2025 settlement rose 56 cents or 0.73% to $77.26 a barrel. Global Markets: European indices advanced on Friday, despite a sharp decline in U.K. retail spending. According to the Office for National Statistics, retail sales in the U.K. fell by 2.7% in May, the steepest monthly drop since December 2023, as shoppers pulled back on spending. In addition to releasing retail sales data, the Office for National Statistics also reported that public borrowing in May reached 17.7 billion pounds ($23.8 billion), which is 700 million pounds higher than the same period last year. Most Asian shares ended lower as investors assessed China data and monitored tensions between Israel and Iran. U.S. President Donald Trump is now weighing in 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 the 5-year LPR at 3.5%, according to a statement Friday. Stocks in Spotlight: Shares of Power Finance Corporation (PFC) (+4.92%) and REC (+2.96%) rallied after the Reserve Bank of India (RBI) issued its final Project Finance Directions, 2025. Lenders will now set aside a standard 1% for such exposures, with a gradual increase depending on the length of DCCO deferment. In the case of under-construction commercial real estate, the initial provisioning will be slightly higher at 1.25%. For projects that have already achieved financial closure, existing provisioning rules will continue to apply, ensuring a smooth transition to the new regime. Sun TV Network fell 1.09% after a legal notice from DMK MP and former telecom minister Dayanidhi Maran to his brother, Sun TV chairman Kalanithi Maran, reignited a decades-old family dispute over the companys shareholding structure. The notice has been served not only to Kalanithi Maran but also to his wife, Kavery Kalanithi, and others involved in the company. Kalanithi Maran remains the majority shareholder, holding a 75% stake in the Chennai-based broadcaster. In response, Sun TV Network dismissed the allegations as incorrect, misleading, speculative, and not supported by facts or law, adding that the matter pertains to a time when the company was a privately held entity and all actions were conducted in accordance with the law. Brahmaputra Infrastructure shares rose 1.48% after the company implemented a 15% hike in rental rates at City Centre Guwahati, in line with its lease agreement mandating such an increase every three years. The hike took effect from April 1, 2025, following the end of the second three-year term on March 31. The mall, which is operating at full capacity, currently houses over 150 reputed brands. Uno Minda advanced 2.74% after the companys board has approved the setting up of a greenfield manufacturing facility for aluminium die casting in Sambhaji Nagar, Maharashtra for Rs 210 crore. Suzlon Energy rose 1.26% after the company bagged its third successive order from Ampin Energy Transition (AMPIN) for the development of a 170.1 MW wind power project in Kurnool, Andhra Pradesh. TD Power Systems shed 0.18%. The company secured an order worth Rs 67 crore from a leading multinational corporation for the supply of components for traction motors meant for export. ITD Cementation India declined 1.33%. The company announced that it has secured two major contracts cumulatively valued at approximately Rs 960 crore. New Listing: Shares of Oswal Pumps were settled at Rs 624.90 on the BSE, representing a premium of 1.78% compared with the issue price of Rs 614. The scrip was listed at 632, exhibiting a premium of 2.93% to the issue price. The stock hit a high of 649.15 and a low of 621.90. On the BSE, over 14.52 lakh shares of the company were traded. IPO Update: The initial public offer (IPO) of Arisinfra Solutions received bids for 3,45,71,397 shares as against 1,30,84,656 shares on offer, according to stock exchange data at 16:45 IST on Friday (20 June 2025). The issue was subscribed 2.64 times. The issue opened for bidding on Wednesday (18 June 2025) and it will close on Friday (20 June 2025). The price band of the IPO is fixed between Rs 210 and 222 per share. An investor can bid for a minimum of 67 equity shares and in multiples thereof.
Business Recorder
2 hours ago
- Business
- Business Recorder
Financials help Indian shares log weekly gains
Indian equity benchmarks rose on Friday, driven by gains in financials after the central bank eased project financing rules, and closed the week higher despite ongoing tensions in the Middle East. The Nifty 50 rose 1.29% to 25,112.4, while the BSE Sensex added 1.29% to 82,408.17. Both the indexes snapped a three-session losing streak on Friday and gained about 1.6% for the week. On the day, all the 13 major sectoral indexes advanced. Financials rose 1.3%, with state-run banks up 1.6%, after the Reserve Bank of India eased norms for infrastructure lending from October 2025. The RBI lowered provisioning requirements for under-construction and operational projects, making funding cheaper for banks. 'The RBI's move sparked a solid rally in financial stocks, giving the market a clear directional push,' said Vishnu Kant Upadhyay, assistant vice president – research and advisory at Master Capital Services. Indian shares subdued as Middle East conflict saps risk appetite 'The return of foreign inflows in last few sessions and relentless domestic buying have injected strong liquidity, giving markets a solid lift,' he added. Foreign investors have returned to Indian equities with net purchases over the last three sessions, while domestic institutional investors have kept the momentum going, snapping up stocks for an impressive 23 sessions. The broader small-caps and mid-caps rose about 1% and 1.5%, respectively, on Friday. Analysts caution Indian markets' near-term trajectory hinges on Middle East tensions and their impact on oil and trade. Overnight, Israel bombed Iranian nuclear sites, triggering retaliatory missile and drone strikes. Sentiment remains fragile amid fears of escalation, with the White House saying President Trump will decide within two weeks on U.S. military support for Israel. Among stocks, Mahindra & Mahindra gained 2.9% on Friday, extending its weekly gain to 6% — the highest among Nifty 50 constituents — after getting the competition regulator's approval for its SML Isuzu acquisition. Tata Motors fell 5% this week after Jaguar Land Rover trimmed margin guidance, triggering fiscal year 2025 earnings concerns among brokerages.
Mint
3 hours ago
- Business
- Mint
Market volatility hits mid and small-caps: Are large-cap stocks a safer bet now?
The recent volatility in the Indian stock market has taken a toll on mid- and small-cap stocks, as investors grow increasingly cautious amid global uncertainty and elevated valuations, prompting them to exit these segments in search of safer bets in large-cap stocks, which are often perceived as more stable during turbulent phases. Global markets have been on edge this week, with the latest escalation between Iran and Israel adding fresh strain to an already fragile global economy—one still grappling with the effects of trade tensions and the ongoing Russia–Ukraine war. However, the Indian stock market managed to end the week with healthy gains, supported largely by strength in blue-chip stocks. Despite rising crude oil prices, prolonged trade tensions, and limited progress in negotiations between the US and its key trading partners, Indian large-cap stocks have continued to draw investor interest. Optimism around corporate earnings—buoyed by a turnaround seen in the March quarter and expectations of stronger performance in the June quarter of FY26—along with relatively reasonable valuations compared to mid- and small-cap counterparts, has led investors to shift their focus toward these more established, higher-priced stocks. Against this backdrop, both the Nifty 50 and Sensex closed with gains of nearly 2%, while the Nifty Midcap 100 and Nifty Smallcap 100 indices remained under pressure for the second consecutive week, each declining by up to 1%. Recent data also indicates a shift in retail investor preference toward large-cap stocks, as ownership in mid- and small-cap counters fell to a nine-quarter low amid a broader market sell-off during the March 2025 quarter, according to the NSE's report titled India Ownership Tracker. During the March quarter, mid- and small-cap stocks underperformed their large-cap counterparts, further amplifying valuation concerns in these segments. According to the latest analysis by domestic brokerage firm Kotak Institutional Equities, small caps led the earnings cuts, with a 6% reduction in FY2026 EPS estimates compared to a 2% cut for large caps and 3% for mid-caps. On the valuation front, the Nifty SmallCap 100 is trading at a one-year forward price-to-earnings (P/E) multiple of 27.2x—significantly higher than its long-term average and close to the Nifty MidCap 100's P/E of 28.3x. This sharp rise in valuations places the Nifty SmallCap 100 near its historical peaks, levels last seen during previous phases of overheated sentiment, such as mid-2021 and pre-2018, according to domestic brokerage firm InCred Equities. In contrast, the Nifty 50 is trading at a more reasonable 20.7x forward P/E. The narrowing valuation gap between small- and mid-cap stocks is making investors uncomfortable. Analysts believe this has prompted a shift in investor focus toward large-cap stocks. Looking ahead, analysts expect small and mid-cap stocks are likely to underperform in the short term, given their elevated valuations and absence of short-term triggers. Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, said, "The recent 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 overvalued SMIDs to the fairly valued, safe large caps in financials, industrials, autos, and real estate." Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
Mint
3 hours ago
- Business
- Mint
Indias HDB Financial IPO pricing not influenced by 70% premium in grey market, bankers say
By Siddhi Nayak, Vivek Kumar M and Bharath Rajeswaran MUMBAI, June 20 (Reuters) - The initial public offering of India's HDB Financial has been priced based on the fundamentals of the business, unaffected by the roughly 70% premium the stock is trading at in the informal 'grey market' for unlisted securities, bankers said on Friday. Shares in the lender will be sold in a price band of 700 rupees to 740 rupees per share ($8.06-$8.52), valuing HDB Financial at $7.1 billion at the upper end of the band. The shares were traded around 1,200 rupees to 1,250 rupees in the 'grey market'. "This price has been determined basis extensive roadshows," said Jibi Jacob, head of equity capital markets at Jefferies India, one of the bankers to the issue. "We have no influence on what is happening on the unlisted side," Jacob said at a press conference in Mumbai. HDB Financial's IPO, the largest for an Indian non-banking financial company, opens for subscription on June 25, with large institutions bidding a day earlier. The firm, which lends across segments such as personal and business loans, operates 1,747 branches nationwide. India's largest private lender, HDFC Bank, holds a 94% stake in the firm. The IPO pricing has been determined on the fundamentals of the franchise and how key peers are trading, said Sonia DasGupta, head of the investment banking division at JM Financial, another banker to the issue. At 740 rupees per share, the price-to-book ratio, a key measure of valuation, works out to 3.72 for HDB, in line with peers such as Bajaj Finance and Shriram Finance . India's red-hot IPO streak has cooled in 2025, following a blockbuster year in 2024 that saw record capital raised through new listings. So far this year, nearly 100 firms have hit the market, raising about $4 billion, a decline from the 137 IPOs and $4.3 billion fundraise in the year-ago period, according to data compiled by LSEG. Analysts attribute tepid retail investor demand to aggressive IPO pricing, as the Nifty 50 trades nearly 6% below its record high from last September. The bull run in Indian markets post the COVID-19 crisis led to valuations of unlisted firms inflating beyond fundamentals, said Arun Kejriwal, founder of Kejriwal Research and Investment Services. "HDB's approach is a timely reminder that IPO pricing should be grounded in reality, not speculative hype," Kejriwal said. ($1 = 86.6040 Indian rupees) (Reporting by Siddhi Nayak and Vivek Kumar M in Mumbai and Bharath Rajeswaran in Bengaluru, additional reporting by Nishit Navin; Editing by Mrigank Dhaniwala)
Business Upturn
3 hours ago
- Business
- Business Upturn
Nifty 50 top gainers today, June 20: Trent, Jio Financial Services, Mahindra & Mahindra, Bharti Airtel and more
Indian stock markets ended sharply higher on June 20, with benchmark indices hitting high levels. The Nifty 50 closed above the 25,000 mark, settling at 25,112.40, up 319.15 points (1.29%). Meanwhile, the Sensex jumped 1,046.30 points (1.29%) to finish the session at 82,408.17. Among the Nifty 50 stocks, several companies recorded significant gains, led by Trent, Jio Financial Services and Mahindra & Mahindra. Below is a detailed look at the top gainers of the Nifty 50 (as per Trendline) for the day. Nifty 50 Top Gainers on June 20 Trent Ltd : Topped the charts with a 4.0% gain, closing at ₹5,950 . Jio Financial Services : Rose 3.3% , ending the day at ₹293.5 . Mahindra & Mahindra : Continued its strong run, gaining 3.1% to settle at ₹3,189.9 . Bharti Airtel : Moved up 3.0% and closed at ₹1,934 . Nestle India : Gained 2.8% , finishing at ₹2,383.1 . Power Grid Corporation : Added 2.2% to close at ₹292.7 . Reliance Industries : Also up 2.2% , ending the session at ₹1,464.1 . Bharat Electronics Ltd (BEL) : Rose 2.1% to ₹407.1 . HDFC Life Insurance : Increased 2.1% , closing at ₹778 . Shriram Finance: Ended 1.8% higher at ₹664. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Bharti AirtelJio Financial ServicesMahindra & MahindraStock MarketTrent Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
