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India Today
14 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.)
India Today
17 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
Business Standard
2 days ago
- Business
- Business Standard
Nifty slides below 24,800; European mrkt decline
The domestic equity benchmarks continued to trade near the flatline with some negative points in afternoon trade, amid ongoing escalating geopolitical tensions between Israel and Iran. Further impacting sentiment was the US Federal Reserve's decision to hold interest rates, with the central bank projecting elevated inflation and slower economic growth ahead. Market direction will likely continue to be shaped by these geopolitical developments, with investors closely tracking crude oil prices and broader global events. The Nifty traded below the 24,800 level. Barring the Nifty Auto index, all the other sectoral indices on the NSE traded in red. At 13:30 IST, the barometer index, the S&P BSE Sensex shed 28.93 points or 0.04% to 81,415.73. The Nifty 50 index lost 25.50 points or 0.10% to 24,786.55. The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index declined 1.64% and the S&P BSE Small-Cap index dropped 1.87%. The market breadth was weak. On the BSE, 884 shares rose and 2,984 shares fell. A total of 155 shares were unchanged. Gainers & Losers: Eicher Motors (up 1.54%), Tata Consumer Products (up 1.53%), Mahindra & Mahindra (up 1.18%), Titan Company (up 1.07%), and Dr. Reddy's Laboratories (up 1.01%) were the major Nifty50 gainers. Adani Ports and Special Economic Zone (down 2.67%), Adani Enterprises (down 1.79%), Bajaj Finance (down 1.63%), Coal India (down 1.49%) and Jio Financial Services (down 1.44%) were the major Nifty50 Losers. Stocks in Spotlight: Tata Elxsi fell 2.33%. The company announced that it has signed a memorandum of understanding (MoU) with Infineon Technologies to jointly develop application-ready EV solutions tailored to the Indian market. Markolines Pavement Technologies gained 3.47% after the company announced that it has secured a maintenance contract worth Rs 18.88 crore from Varanasi-Aurangabad NH-2 Tollway. AAVAS Financiers added 0.51%. The companys board executive committee has approved raising up to Rs 200 crore through a private placement of non-convertible debentures (NCDs). Garware Technical Fibres declined 1.93%. The company announced that it has incorporated of a wholly owned subsidiary (WOS), Garware Technical Fibres AS (GTF AS), in Norway. Marksans Pharma slipped 2.70%. The company announced that its wholly owned subsidiary Relonchem has received marketing authorization for the product Oxybutynin hydrochloride Oral Solution from UK Medicines & Healthcare Products Regulatory Agency (UKMHRA). Puravankara advanced 2.05% after the companys, wholly owned subsidiary, Starworth Infrastructure & Construction, received a letter of intent (LoI) worth Rs 272 crore from Tru Dwellings. Global Markets: US Dow Jones futures were down 190 points in early trade. Wall Street will be shut on Thursday for the Juneteenth holiday, with regular trading set to resume Friday. European shares declined, while most Asian stocks traded lower on Thursday as investors digested the U.S. Federal Reserves widely expected decision to keep interest rates unchanged. Adding to the cautious mood, ongoing tensions between Israel and Iran continued to weigh on sentiment. Eyes are also on the central bank decisions from Taiwan and the Philippines, due later today. As expected, the Fed held its benchmark rate steady at 4.25%-4.5% on Wednesday, marking no change since December. Fed Chair Jerome Powell indicated the committee would wait to assess the inflationary impact of President Trumps tariff measures before considering any policy shifts. Despite the hawkish pause, the Fed still pointed to two rate cuts by the end of the year. Geopolitical concerns remain front and center. Investor nerves were further rattled after Iran's Supreme Leader Ayatollah Ali Khamenei dismissed President Trump's calls for unconditional surrender. His remarks, delivered via a televised statement on Wednesday, were his first since Friday, when Israel escalated its offensive against Iran. Back on Wall Street, US equities ended mixed on Wednesday. The Dow slipped 0.10%, the S&P 500 edged down 0.03%, while the Nasdaq bucked the trend with a 0.13% gain.
Business Standard
2 days ago
- Business
- Business Standard
Nifty fails to hold 24,800 level; PSU Bank shares under pressure
The key benchmarks indices continued to trade near flat line with minor cuts in mid-morning trade, amid ongoing escalating geopolitical tensions between Israel and Iran. Further impacting sentiment was the US Federal Reserve's decision to hold interest rates, with the central bank projecting elevated inflation and slower economic growth ahead. Market direction will likely continue to be shaped by these geopolitical developments, with investors closely tracking crude oil prices and broader global events. The Nifty traded below the 24,800 level. PSU Bank shares witnessed selling pressure for third consecutive trading session. At 11:25 IST, the barometer index, the S&P BSE Sensex declined 45.93 points or 0.09% to 81,370.43. The Nifty 50 index shed 18.60 points or 0.07% to 24,793.45. The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index fell 0.74% and the S&P BSE Small-Cap index shed 0.70%. The market breadth was weak. On the BSE, 1,204 shares rose and 2,452 shares fell. A total of 179 shares were unchanged. In commodities, Brent crude (August 2025 contract) rose 3 cents or 0.04%, to $76.73 per barrel amid escalating geopolitical tensions. IPO Update: The initial public offer (IPO) of Arisinfra Solutions received bids for 55,33,798 shares as against 1,30,84,656 shares on offer, according to stock exchange data at 11:24 IST on Thursday (19 June 2025). The issue was subscribed 0.42 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. Buzzing Index: The Nifty PSU Bank index fell 1.78% to 6,751.95. The index declined 2.89% for the three consecutive trading sessions. Bank of India (down 2.75%), Indian Bank (down 2.09%), Canara Bank (down 1.94%), Bank of Baroda (down 1.92%) and UCO Bank (down 1.65%), Union Bank of India (down 1.6%), Bank of Maharashtra (down 1.58%), Punjab & Sind Bank (down 1.39%), Punjab National Bank (down 1.37%) and Indian Overseas Bank (down 1.27%) tumbled. Stocks in Spotlight: AAVAS Financiers added 1.13% after its board's executive committee has approved raising up to Rs 200 crore through a private placement of non-convertible debentures (NCDs). Garware Technical Fibres declined 1.32%. The company announced that it has incorporated of a wholly owned subsidiary (WOS), Garware Technical Fibres AS (GTF AS), in Norway. Markolines Pavement Technologies gained 4.58% after the company announced that it has secured a maintenance contract worth Rs 18.88 crore from Varanasi-Aurangabad NH-2 Tollway. Global Markets: US Dow Jones futures were down 82 points in early trade. Wall Street will be shut on Thursday for the Juneteenth holiday, with regular trading set to resume Friday. Most Asian markets declined on Thursday as investors digested the US Federal Reserve's widely expected decision to keep interest rates unchanged. Adding to the cautious mood, ongoing tensions between Israel and Iran continue to weigh on sentiment. Eyes are also on the central bank decisions from Taiwan and the Philippines, due later today. As expected, the Fed held its benchmark rate steady at 4.25%-4.5% on Wednesday, marking no change since December. Fed Chair Jerome Powell indicated the committee would wait to assess the inflationary impact of President Trumps tariff measures before considering any policy shifts. Despite the hawkish pause, the Fed still pointed to two rate cuts by the end of the year. Geopolitical concerns remain front and center. Investor nerves were further rattled after Iran's Supreme Leader Ayatollah Ali Khamenei dismissed President Trump's calls for unconditional surrender. His remarks, delivered via a televised statement on Wednesday, were his first since Friday, when Israel escalated its offensive against Iran. Back on Wall Street, US equities ended mixed on Wednesday. The Dow slipped 0.10%, the S&P 500 edged down 0.03%, while the Nasdaq bucked the trend with a 0.13% gain.
India Today
3 days ago
- Business
- India Today
Sensex, Nifty rise as markets stay calm despite Iran-Israel flare-up
Benchmark stock market indices opened lower, but quickly shed losses to trade in green as investors remained cautious due to rising tensions in the Middle East between Israel and S&P BSE Sensex was up by 118.37 points to 81,701.67, while the NSE Nifty50 gained 61.65 points to 24,913.45 as of 9:28 VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, said that the latest tweet by President Trump and the US defence movements in West Asia signal the aggravation of the "However, there is no panic in global equity markets and it appears that the markets' assessment is that this conflict will end soon without impacting the global economy," he BSE Sensex showed a mixed start to Wednesday's trading session. IndusInd Bank led the gainers with a 5.05% jump, followed by Maruti Suzuki up 2.10%, Mahindra & Mahindra gaining 1.97%, Bajaj Finance rising 0.92%, and Titan adding 0.76%.Adani Ports dropped 0.80%, Kotak Mahindra Bank fell 0.70%, PowerGrid declined 0.65%, Infosys was down 0.45%, and Nestle India slipped 0.27%.It is important to understand that after the Covid crash which took the Nifty to a low of 7511 in March 2020 we are in a bull market which has been climbing all walls of worries. The market is likely to climb this Israel-Iran conflict worry, too. Despite the high valuations, particularly in the broader market, the market is likely to remain resilient supported by sustaining strong liquidity and hopes of turn around in earnings. The 24500-25000 range will hold in the near-term and is likely to be broken on the upside when positive news relating to the West Asian conflict comes. Buy on dips strategy will continue to
