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Bull run on buckling knees: Benchmarks stand tall, but on splintered legs
June rally runs on a limp: Headline gains mask a brittle advance, with more stocks falling than rising
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Samie Modak Mumbai
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The benchmark Sensex and Nifty are on course for a fourth straight monthly advance, each up over 3 per cent so far this month.
While the headline indices remain firm, market breadth has thinned, with more stocks declining than rising.
If this trend holds through the final trading session, June will be the first month since February to log negative market breadth.
The advance/decline ratio has slipped below 1, even as the Nifty Smallcap 100 and Midcap 100 have gained 3.4 per cent and 6 per cent, respectively. The Nifty Microcap 250 has underperformed, rising just 2.14 per cent.
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Mint
an hour ago
- Mint
Stocks to trade today: Trade Brains Portal recommends two stocks for 30 June
Indian equities ended higher for the fourth straight day on Friday, largely led by select heavyweights, including Reliance Industries, ICICI Bank, and Bharti Airtel. Nifty gained 86.35 points, or 0.34%, to finish the session at 25,638, while the Sensex rose 303 points, or 0.36%, to settle at 84,058. Here are two stocks to trade from the renewable energy sector, as recommended by Trade Brains Portal for 30 June: Waaree Renewable Technologies Ltd - Current price: ₹ 985 The company's FY2025 revenue of ₹1,597.75 crore was a remarkable 82.29% increase over FY2024 revenue of ₹876.5 crore. Compared to FY24's EBITDA of ₹207.18 crore, FY2025's EBITDA of ₹310.90 crore was a 50.06% year-over-year increase. Compared to FY2024's PAT of ₹145.22 crore, FY2025's PAT of ₹228.92 crore was a 57.64% year-over-year growth. WRTL expanded its market footprint and grew its sales at a CAGR of 115% between FY22 and FY25. The company has obtained orders for 2,448 MWp of engineering, procurement, and construction (EPC) work for projects and has a portfolio of 695 MWp of O&M. The company has a 3,263 MWp unexecuted order book as of FY25, which has grown over time, and an executed order book of 1,524 MWp. The order book for the EPC company is 3.2 GW, or around ₹1.2 crore, and it is anticipated to be completed within the next 12 to 15 months. Plans to pursue a pipeline with a capacity of about 30 GW in the upcoming years. The company has developed 54.82 MWp solar power generating assets under IPP assets. establishing a 41.6 MWp Independent Power Producer Plant as well. Additionally, under the Mukhyamantri Saur Krishi Vahini Yojana (MSKVY) 2.0, the company received an order from Renewable Energy Generation Company for the design and EPC of 94 MW AC solar PV plants across several locations. The project is worth ₹114.22 crore in total. Adani Green Energy Ltd - Current price: ₹ 1,020 On the financials, operating revenue increased by 22% to ₹11,212 crore and EBITDA rose by 22% to ₹8,818 crore. PAT increased from ₹1,260 crore in FY24 to ₹2,001 crore, a 59% increase. Of the 33 gigawatts of projects the company has planned, 25% are merchant and C&I projects, and the capacities are CFDs. The remaining capacity will be negotiated with the appropriate DISCOMs and other parties. It has the largest RE portfolio in India, with 14.2 GW, and added 3.3 GW of renewable energy capacity in FY25, the most by any RE company in the country. Signed a 25-year PPA to deliver 5 GW of solar power with the Maharashtra State Electricity Distribution Company Limited (MSEDCL). Got $444 million in financing and finished forming a joint venture (JV) with TotalEnergies for a 1,150 MW RE portfolio. Signed the first C&I contract to provide Google's data center with 61 MW of renewable energy and refinanced a $1.06 billion first construction facility with an amortizing structure that aligns closely with PPA cashflows and a 19-year tenor loan. By constructing the largest renewable energy plant in the world, a 30 GW facility at Khavda, the business hopes to increase its RE capacity from 14.2 GW to 50 GW by 2030 at a compound annual growth rate of 27%. Market Recap Friday saw a solid start for the Nifty 50, which continued its surge for the third straight day. It opened at 25,577, up 28 points from the previous day's closing price of 25,549. The index concluded Friday at 25,638 after rising 89 points, or 0.35%, to a day-high of 25,654. The Nifty finished above all four of the 20/50/100/200-day EMAs on the daily chart, and the RSI was at 67.72, approaching the overbought zone of 70. With an RSI of 66.9, the Sensex ended the day at 84,059, up 303 points, or 0.36%, in line with this pattern. The reduction of Middle East tensions between Iran and Israel was the primary driver of the market increase. Additionally, the dollar index fell to a three-year low of 97 on Thursday, suggesting that there may be a chance for additional foreign capital to enter the Indian market. Additionally, the market is experiencing a rise due to strong demand from DIIs. On Friday, the majority of indices were up. The Nifty Oil & Gas index resumed its upward trend for the second straight session, closing at 11,835, up 139 points or 1.2%. Adani Total Gas, which surged 5.7%, Mahanagar Gas, and Hindustan Petroleum Corporation Ltd., which jumped approximately 4.5%, as well as other stocks like Gujarat State Petronet and Indraprastha Gas, which increased by up to 3%, all contributed to the index's increase. The positive trend was also followed by the Nifty Energy index, which ended the day at 36,543, up 363.5, or 1%. The index rose as a result of gains of up to 6% in stocks of Adani Total Gas, Mahanagar Gas, HPCL, Suzlon Energy, and Reliance Power. Also, the Nifty Smallcap 100 index climbed up to 0.9%, or 171 points, closing at 18,977, with stocks like Himadri Speciality Chemical Ltd. rising about 12.5%, Narayana Hrudayalaya Ltd. up 9.2%, and Redington Ltd., IDBI Bank Ltd., and Godfrey Philips India Ltd. up 8.5%. The Nifty Realty Index closed at 993.95 points after dropping -15.60 points, or -1.6%. Heavyweights like Phoenix Mills, Oberoi Realty, Prestige Estates, and Anant Raj saw their stock drop up to 3.5%, which caused the index to fall. Asian markets traded on a mixed note on Friday as investors assessed China's May industrial data. The National Bureau of Statistics reports that during the first five months of the year, the nation's industrial profits fell 9.1% year over year. Hong Kong's Hang Seng closed in red at 24,284.15 after falling -0.17%, or -41.25 points. The Kospi of South Korea closed at 3,055.94, down -0.77% or -23.62 points. The Nikkei 225 in Japan rose 566.21 points, or 1.43%, to close at 40,150.79. Shanghai's Composite Index closed the day lower at 3,424.23, down -24.23 points, or -0.7%, while the Shenzhen Index increased 35.07 points, or 0.34%, to 10,378.55. Since October of last year, when industrial profits fell by 10%, that was the biggest monthly loss. One important indicator of the financial stability of Chinese companies, mines, and utilities is industrial profitability. The week started slowly but picked up steam as tensions between Israel and Iran decreased after a ceasefire deal. On Thursday, the dollar index fell to a three-year low of 97, indicating more opportunities for foreign investment in India. Additionally, optimism about possible trade agreements between the US and India that would allay worries about tariffs improved investor mood. This week, the Nifty 50 hit a weekly high of 25,650 after surpassing the crucial 25,500 threshold. The Bank Nifty reached a record high of 57,475 during the week, while the BSE Sensex crossed the 84,000 mark and peaked at 84,089. Trade Brains Portal is a stock analysis platform. Its trade name is Dailyraven Technologies Pvt. Ltd, and its Sebi-registered research analyst registration number is INH000015729. Investments in securities are subject to market risks. Read all the related documents carefully before investing. Registration granted by Sebi and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. 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 making any investment decisions.
Time of India
an hour ago
- Time of India
Nifty ready to scale new highs on bullish mood: Analysts
The Nifty is expected to continue its bullish trend, potentially reaching all-time highs of 26,000-26,200 after breaking out of a consolidation phase. Analysts suggest a 'buy-on-dips' strategy, favoring sectors like banking, financials, and auto. Key support lies around 25,200, with potential resistance at 25,800, indicating a positive outlook for the market this week. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The market is expected to maintain its bullish momentum this week, having broken out of a consolidation phase. According to technical analysts, the Nifty could gradually move towards its all-time high levels of 26,000–26,200, with initial resistance seen at 25,800. The 25,200 zone is now likely to act as a support – TECHNICAL AND DERIVATIVES RESEARCH, AXIS SECURITIESThe Nifty closed above the previous week's peak, indicating powerful upward momentum. Having broken free from its earlier trading range of 24,400–25,200, the index's recent close above 25,200 suggests potential for further advances. Nifty could soon test its record high of 26,277, and if it surpasses 25,800, we may see fresh buying interest that could drive it toward the 26,000–26,250 range. On the downside, a drop below 25,500 could result in retreating to 25,200–25,000 zone. The consistent rise in both daily and weekly RSI, remaining solidly above key thresholds, further emphasises the prevailing bullish can initiate a moderately bullish strategy with reduced premium outflow and a lower breakeven point called a 'Bull Call Spread' of 3rd July weekly expiry. In this net delta long strategy, traders need to buy one lot of the 25,700 Call strike at Rs 117 and simultaneously sell one lot of the 26,000 Call strike at Rs 29, so that the net outflow or maximum loss will be restricted to up to Rs 6,600. Nifty, on expiry, if it closes above 25,788, the strategy will start making a profit as it's the break-even point for the as the risk is limited, so is the profit. The maximum gains will be restricted to Rs 15,900, because the gains of a long 25,700 strike Call will be offset by the sold 26,000 strike Call if Nifty closes above 26,000 on expiry. Investors can focus on stocks like Bajaj Auto , Reliance, Hindustan Petroleum , Titan, Eicher Motors, Sun Pharma, Hindalco, and IndusInd Bank for potential ANALYST, ASIT C. MEHTA INVESTMENTNifty finally broke out of the consolidation range of 24,400–25,200, which persisted for over a month. The recent rally was driven by heavyweights such as the Banking index, Reliance Industries , and Bharti Airtel, supported by broad market participation. Going ahead, we expect the index to challenge its previous record high levels and advance towards the 26,000–26,200 zone. On the downside, 25,200 now acts as an important intermediate support, followed by 24, remain optimistic on power stocks like Power Grid and Tata Power. The FMCG index also looks good as it has rebounded from crucial support; Hindustan Unilever and Nestlé are among the preferred picks. Realty stocks, after decent moves, are now showing signs of profi t booking. Select stocks like Bharat Forge, Hero MotoCorp, and Torrent Pharma are exhibiting strength on the charts and should be kept on the watchlist for tradingSVP – RESEARCH, RELIGARE BROKINGWith the Nifty ending its consolidation phase through a decisive breakout, we now expect a gradual move toward the all-time high of 26,277. However, the gap area around 25,800 could cause a temporary pause. In the event of a pullback, the 24,800–25,200 zone—which previously acted as resistance—is likely to offer strong are advised to maintain a 'buy-on-dips' strategy with an emphasis on selective stock picking. We continue to favour rate-sensitive sectors such as banking, financials, auto, and real estate, while recommending a cautious and selective stance toward other sectors. Based on the current technical setup, the following stocks can be considered for short-term trading opportunities: Apollo Hospitals, Shriram Finance, UNO Minda, Hero MotoCorp, Hindustan Petroleum , ICICI Prudential Life, InterGlobe Aviation, Jubilant FoodWorks, Laurus Labs, UltraTech Cement, and Vedanta
Economic Times
an hour ago
- Economic Times
Nifty ready to scale new highs on bullish mood: Analysts
The market is expected to maintain its bullish momentum this week, having broken out of a consolidation phase. According to technical analysts, the Nifty could gradually move towards its all-time high levels of 26,000–26,200, with initial resistance seen at 25,800. The 25,200 zone is now likely to act as a support base. ADVERTISEMENT RAJESH PALVIYA HEAD – TECHNICAL AND DERIVATIVES RESEARCH, AXIS SECURITIES Where is Nifty Headed This Week? The Nifty closed above the previous week's peak, indicating powerful upward momentum. Having broken free from its earlier trading range of 24,400–25,200, the index's recent close above 25,200 suggests potential for further advances. Nifty could soon test its record high of 26,277, and if it surpasses 25,800, we may see fresh buying interest that could drive it toward the 26,000–26,250 range. On the downside, a drop below 25,500 could result in retreating to 25,200–25,000 zone. The consistent rise in both daily and weekly RSI, remaining solidly above key thresholds, further emphasises the prevailing bullish sentiment. Trading Strategies for the Week Traders can initiate a moderately bullish strategy with reduced premium outflow and a lower breakeven point called a 'Bull Call Spread' of 3rd July weekly expiry. In this net delta long strategy, traders need to buy one lot of the 25,700 Call strike at Rs 117 and simultaneously sell one lot of the 26,000 Call strike at Rs 29, so that the net outflow or maximum loss will be restricted to up to Rs 6,600. Nifty, on expiry, if it closes above 25,788, the strategy will start making a profit as it's the break-even point for the strategy. However, as the risk is limited, so is the profit. The maximum gains will be restricted to Rs 15,900, because the gains of a long 25,700 strike Call will be offset by the sold 26,000 strike Call if Nifty closes above 26,000 on expiry. Investors can focus on stocks like Bajaj Auto, Reliance, Hindustan Petroleum, Titan, Eicher Motors, Sun Pharma, Hindalco, and IndusInd Bank for potential opportunities. ADVERTISEMENT ROHAN SHAH TECHNICAL ANALYST, ASIT C. MEHTA INVESTMENT Where is Nifty Headed This Week? ADVERTISEMENT Nifty finally broke out of the consolidation range of 24,400–25,200, which persisted for over a month. The recent rally was driven by heavyweights such as the Banking index, Reliance Industries, and Bharti Airtel, supported by broad market participation. Going ahead, we expect the index to challenge its previous record high levels and advance towards the 26,000–26,200 zone. On the downside, 25,200 now acts as an important intermediate support, followed by 24,800. Trading Strategies for the Week We remain optimistic on power stocks like Power Grid and Tata Power. The FMCG index also looks good as it has rebounded from crucial support; Hindustan Unilever and Nestlé are among the preferred picks. Realty stocks, after decent moves, are now showing signs of profi t booking. Select stocks like Bharat Forge, Hero MotoCorp, and Torrent Pharma are exhibiting strength on the charts and should be kept on the watchlist for trading ADVERTISEMENT AJIT MISHRA SVP – RESEARCH, RELIGARE BROKING Where is Nifty Headed in the Coming Week? With the Nifty ending its consolidation phase through a decisive breakout, we now expect a gradual move toward the all-time high of 26,277. However, the gap area around 25,800 could cause a temporary pause. In the event of a pullback, the 24,800–25,200 zone—which previously acted as resistance—is likely to offer strong support. ADVERTISEMENT Trading Strategies for the Week Participants are advised to maintain a 'buy-on-dips' strategy with an emphasis on selective stock picking. We continue to favour rate-sensitive sectors such as banking, financials, auto, and real estate, while recommending a cautious and selective stance toward other sectors. Based on the current technical setup, the following stocks can be considered for short-term trading opportunities: Apollo Hospitals, Shriram Finance, UNO Minda, Hero MotoCorp, Hindustan Petroleum, ICICI Prudential Life, InterGlobe Aviation, Jubilant FoodWorks, Laurus Labs, UltraTech Cement, and Vedanta
