Latest news with #S&PBSESensex
The Hindu
13 hours ago
- Business
- 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%.
Business Standard
16 hours 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 Standard
18 hours ago
- Business
- Business Standard
Indices snap 3-day losses; Nifty ends above 25,100 level
The key equity indices ended with significant gains today, snapping a three -day losing streak in a row, as market remained firm despite rising geopolitical tensions between Israel and Iran. Market sentiment is expected to stay sensitive to global cues, including crude oil prices, bond markets and other international developments. The Nifty ended above the 25,050 mark. All the sectoral indices on the NSE were ended in green with realty, banking shares and metal stocks leading the rally. As per provisional closing data, the barometer index, 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. 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, 2,469 shares rose and 1,474 shares fell. A total of 151 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. IPO Listing: Shares of Oswal Pumps were settled at Rs 625 on the BSE, representing a premium of 1.79% 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 3,40,18,848 shares as against 1,30,84,656 shares on offer, according to stock exchange data at 15:30 IST on Friday (20 June 2025). The issue was subscribed 2.60 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 realty index jumped 2.11% to 1,013.65. The index fell 2.7% in the past three trading sessions. Macrotech Developers (up 4.78%), Phoenix Mills (up 3.49%), Godrej Properties (up 2.22%), Prestige Estates Projects (up 2.06%) and DLF (up 2%), Oberoi Realty (up 1.67%), Brigade Enterprises (up 0.8%) and Raymond (up 0.12%) advanced. Stocks in Spotlight: 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. Dilip Buildcon rose 1.87% after the company announced that it has received a letter of acceptance (LoI) worth Rs 1,341 crore from Konkan Railway Corporation (KRCL). 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 has 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, excluding GST. Shares of Power Finance Corporation (PFC) and REC rallied by 5.28 to 2.96% 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. Global Markets: US Dow Jones futures were down 62 points, signaling a weak start for Wall Street. Wall Street was closed on Thursday for the Juneteenth holiday. European shares 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 markets ended higher 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.
Business Standard
18 hours ago
- Business
- Business Standard
Barometers trade with major gains; European mrkt opens higher
The domestic equity benchmarks traded with substantial gains in early afternoon trade, continuing to show resilience amid escalating tensions between Israel and Iran. Market sentiment remains sensitive to global cues, including crude oil prices and other international developments. The Nifty traded above the 25,050 mark. Barring the Nifty Media index, all the other sectoral indices on the NSE traded in green. At 13:30 IST, the barometer index, the S&P BSE Sensex jumed 893.22 points or 1.09% to 82,251.79. The Nifty 50 index jumped 271.85 points or 1.10% to 25,065.15. In the broader market, the S&P BSE Mid-Cap index rose 0.87% and the S&P BSE Small-Cap index added 0.44%. The market breadth was strong. On the BSE, 2,368 shares rose and 1,453 shares fell. A total of 163 shares were unchanged. Gainers & Losers: Jio Financial Services (up 2.89%), HDFC Life Insurance Company (up 2.70%), Mahindra & Mahindra (up 2.68%), Bharti Airtel (up 2.45%) and Nestle India (up 1.96%) were the major Nifty50 gainers. Hero MotoCorp (down 1.38%), Bajaj Finance (down 0.39%), Dr. Reddy's Laboratories (down 0.26%), UltraTech Cement (down 0.13%) and Maruti Suzuki India (down 0.08%) were the major Nifty50 Losers. Stocks in Spotlight: Dilip Buildcon rose 1.40% after the company announced that it has received a letter of acceptance (LoI) worth Rs 1,341 crore from Konkan Railway Corporation (KRCL). Uno Minda advanced 2.42% 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. Premier Explosives added 0.96%. The company announced that it has secured a purchase order worth Rs 6.62 crore from an international client for the manufacture and supply of defence products. Suzlon Energy rallied 2.98% after the company has 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 added 0.14%. 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 2.79%. The company announced that it has secured two major contracts cumulatively valued at approximately Rs 960 crore, excluding GST. Global Markets: US Dow Jones futures were down 89 points, signaling a weak start for Wall Street. Wall Street was closed on Thursday for the Juneteenth holiday. European shares 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 ($23.8 billion), which is 700 million higher than the same period last year. Most Asian markets traded higher 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.
Business Standard
21 hours ago
- Business
- Business Standard
Sensex rallies 633 pts; Nifty above 24,950 mark; VIX slumps 5.15%
The headline equity benchmarks traded with significant gains in early afternoon trade, continuing to show resilience amid escalating tensions between Israel and Iran. Market sentiment remains sensitive to global cues, including crude oil prices and other international developments. The Nifty traded above the 24,950 mark. Metal stocks rebound after three-day losing streak. At 12:30 IST, the barometer index, the S&P BSE Sensex advanced 633.07 points or 0.77% to 81,995.19. The Nifty 50 index jumped 192.85 points or 0.78% to 24,986.10. In the broader market, the S&P BSE Mid-Cap index rose 0.66% and the S&P BSE Small-Cap index added 0.44%. The market breadth was strong. On the BSE, 2,397 shares rose and 1,360 shares fell. A total of 180 shares were unchanged. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, tanked 5.15% to 13.52. The Nifty 26 Jun 2025 futures were trading at 25,085, at a premium of 98.9 points as compared with the spot at 24,986.10. The Nifty option chain for the 26 June 2025 expiry showed a maximum call OI of 139.6 lakh contracts at the 26,000 strike price. Maximum put OI of 123.8 lakh contracts was seen at the 25,000 strike price. Buzzing Index: The Nifty Metal index rose 1.22% to 9,151. The index slipped 2.21% in the past three consecutive trading sessions. JSW Steel (up 1.93%), Welspun Corp (up 1.79%), Lloyds Metals & Energy (up 1.76%), Vedanta (up 1.57%) and Hindalco Industries (up 1.54%), Steel Authority of India (up 1.41%), Adani Enterprises (up 1.37%), Hindustan Copper (up 1.22%), NMDC (up 1.21%) and Tata Steel (up 1.15%) added. Stocks in Spotlight: Dilip Buildcon rose 0.97%. The company announced that it has received a letter of acceptance (LoI) worth Rs 1,341 crore from Konkan Railway Corporation (KRCL). Uno Minda added 2.13% 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.
