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Business Upturn
10 hours ago
- Business
- Business Upturn
Nifty 50 top gainers this week (June 28): Jio Financial Services, Adani Enterprises, Hindalco Industries, Adani Ports and more
By Aman Shukla Published on June 28, 2025, 09:27 IST Indian equity markets closed the week on a strong footing, marking their second consecutive weekly gain. Both the Sensex and the Nifty rose more than 2% each, reflecting upbeat investor sentiment across sectors. One of the key highlights of the week was the Nifty Bank index, which touched a new milestone by closing above the 57,400 mark for the first time ever. Several Nifty 50 stocks posted impressive weekly gains, with Jio Financial Services, Adani Enterprises and Hindalco Industries leading the charge. Let's take a look at the top gainers of Nifty 50 this week, as per Trendlyne data. Top Stock Gainers This Week (Ending June 28, 2025) Jio Financial Services closed at ₹323.5, up 9.9% over the week. Adani Enterprises ended at ₹2,646.3, registering a weekly gain of 8.1%. Hindalco Industries settled at ₹697.4, rising 7.4% during the week. Adani Ports and Special Economic Zone closed at ₹1,440.2, gaining 6.7%. UltraTech Cement ended the week at ₹12,213.0, up 6.6%. Tata Steel closed at ₹161.5 with a 6.2% increase. Grasim Industries finished at ₹2,861.1, up 5.5% for the week. Shriram Finance ended at ₹700.0, gaining 5.0%. Bharti Airtel closed at ₹2,027.1 with a 4.7% weekly rise. Bajaj Finance ended the week at ₹947.0, recording a 4.6% gain. 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 Adani enterprisesAdani PortsHindalco IndustriesJio Financial ServicesNifty 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
Business Standard
a day ago
- Business
- Business Standard
Nifty trades above 25,600 level; European mrkt opens higher
The frontline indices traded with modest gains in the afternoon trade, boosted by strong foreign institutional investor (FII) inflows. The positive momentum persisted despite ongoing global risks and worries about approaching tariff deadlines. The Nifty hovered above the 25,600 level. Oil & gas, PSU bank and auto shares advanced, while realty and IT shares declined. At 13:30 IST, the barometer index, the S&P BSE Sensex, jumped 238.43 points or 0.28% to 83,993.09. The Nifty 50 index added 80.90 points or 0.32% to 25,628.50. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.39% and the S&P BSE Small-Cap index added 0.51%. The market breadth was strong. On the BSE, 2,216 shares rose and 1,666 shares fell. A total of 192 shares were unchanged. Gainers & Losers: Jio Financial Services (up 3.92%), IndusInd Bank (up 2.57%), Adani Enterprises (up 2.20%), Asian Paints (up 1.83%) and Apollo Hospitals Enterprise (up 1.65%) were the major Nifty50 gainers. Bajaj Finance (down 1.37%), Eternal (down 1.13%), Bajaj Finserv (down 1.07%), Dr. Reddy's Laboratories (down 1.02%) and Grasim Industries (down 0.95%) were the major Nifty50 losers. Stocks in Spotlight: Akzo Nobel India jumped 7.70% after the company announced that its existing promoters have entered into a share purchase agreement (SPA) with JSW Paints for selling their 74.76% stake for a total consideration of Rs 9,403.21 crore. Diamond Power Infrastructure added 1.44% after the company announced the recommissioning of its extra high voltage (EHV) testing laboratory to meet the dynamic needs of Indias power sector. Century Plyboards (India) rose 1.69% after the company announced the commencement of commercial production at its newly established particleboard manufacturing facility in Tamil Nadu. Adani Enterprises advanced 2.09% after the company announced that its joint venture, AdaniConneX (ACX), has completed the acquisition of a 100% equity stake in Granthik Realtors (GRPL) from Windson Projects LLP. Global Markets: European stocks rose on Friday, ending the week on an optimistic note after weathering a few weeks of heightened Middle East tensions and uncertainties over tariffs. Asian shares traded mixed, mirroring Wall Street's upbeat mood after White House spokesperson Karoline Leavitt downplayed looming tariff deadlines that had been keeping investors on edge. All eyes are on July 8, when the so-called "liberation day" tariffs are scheduled to kick in following a 90-day pause. The following day, July 9, marks the cutoff for a potential EU deal that could avert a hefty 50% tariff hike. In Japan, fresh inflation data from Tokyo offered a mild surprise. Core CPI, which excludes volatile food and fuel prices, rose 3.1% year-on-year in June, cooler than the 3.6% reading in May, hinting at easing price pressures. Back in the U.S., the S&P 500 closed just shy of a record high, jumping 0.8%. The Nasdaq climbed 0.97%, while the Dow followed closely with a 0.94% gain. Investors shrugged off economic headwinds ranging from tariff spats to sticky inflation and shaky geopolitics. A temporary calm in the Middle East also helped sentiment. The truce between Israel and Iran, brokered by former President Trump, held firm through Thursday. Trump has indicated fresh talks with Iran are on the cards, potentially aimed at curbing its nuclear ambitions. The U.S. economy hit a speed bumpGDP contracted at an annualized rate of 0.5% in Q1, marking the first dip since 2022. At the same time, weekly jobless claims dropped by 10,000, though economists caution the unemployment rate could inch up in June as job seekers face a tighter market. In tech, NVIDIA continued its meteoric rise, hitting new all-time highs. The stock has surged nearly 40% since April's tariff turbulence sparked a brief sell-off. Micron Technology also lit up the chip sector, with upbeat Q2 earnings and guidance that sailed past analyst expectations.
Business Standard
a day ago
- Business
- Business Standard
Nifty trades above 25,600; metal shares rally for 6th day
The key equity indices traded with moderate gains in early afternoon trade, supported by strong foreign institutional investor (FII) inflows. The positive momentum continued despite lingering global risks and concerns over upcoming tariff deadlines. The Nifty traded above the 25,600 level. Metal shares extended gains for the sixth consecutive session. At 12:30 ST, the barometer index, the S&P BSE Sensex, jumped 204.14 points or 0.24% to 83,960.01. The Nifty 50 index added 74.40 points or 0.29% to 25,623.40. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.55% and the S&P BSE Small-Cap index added 0.64%. The market breadth was strong. On the BSE, 2,365 shares rose and 1,452 shares fell. A total of 195 shares were unchanged. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, declined 0.79% to 12.49. The Nifty 31 July 2025 futures were trading at 25,736.70, at a premium of 113.30 points as compared with the spot at 25,623.40. The Nifty option chain for the 31 July 2025 expiry showed a maximum call OI of 40.7 lakh contracts at the 26,000 strike price. Maximum put OI of 64.9 lakh contracts was seen at the 25,000 strike price. Buzzing Index: The Nifty Metal index gained 0.55% to 9,597.25. The index jumped 6.15% in six consecutive trading sessions. Hindustan Copper (up 2.78%), Vedanta (up 1.71%), Adani Enterprises (up 1.58%), Jindal Stainless (up 0.82%), Hindalco Industries (up 0.81%), Tata Steel (up 0.75%), NMDC (up 0.68%), Hindustan Zinc (up 0.18%) and Welspun Corp (up 0.06%) advanced. On the other hand, Lloyds Metals & Energy (down 1.01%), APL Apollo Tubes (down 0.97%) and Steel Authority of India (down 0.64%) edged lower. Stocks in Spotlight: Adani Enterprises advanced 1.87% after the company announced that its joint venture, AdaniConneX (ACX), has completed the acquisition of a 100% equity stake in Granthik Realtors (GRPL) from Windson Projects LLP. Century Plyboards (India) rose 1.11% after the company announced the commencement of commercial production at its newly established particle board manufacturing facility in Tamil Nadu.
Business Standard
a day ago
- Business
- Business Standard
Benchmarks rise for fourth day, Nifty ends above 25,600
The domestic equity benchmarks advanced for the fourth straight session on Friday, buoyed by a mix of global and domestic tailwinds. The recent Israel-Iran truce helped cool geopolitical worries, while growing optimism over a potential US-India trade deal added to the cheer. Foreign institutional investor inflows added to the bullish sentiment. Even concerns around the July 9 US tariff deadline appeared to take a backseat, as news of a likely extension helped soothe nerves. The Nifty comfortably closed above the 25,600 mark, supported by a strength in oil & gas, metals, and auto stocks. The S&P BSE Sensex added 303.03 points or 0.36% to 84,058.90. The Nifty 50 index surged 88.80 points or 0.35% to 25,637.80. In four consecutive sessions, the Sensex jumped 2.64% while the Nifty rose 2.67%. Adani Enterprises (up 2.41%), ICICI Bank (up 1.56%) and Reliance Industries (up 1.39%) boosted the indices. In the broader market, the S&P BSE Mid-Cap index rose 0.38% and the S&P BSE Small-Cap index added 0.54%. The market breadth was positive. On the BSE, 2251 shares rose and 1760 shares fell. A total of 154 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, dropped 1.60% to 12.39. Numbers to Track: The yield on India's 10-year benchmark federal paper rose 0.46% to 6.303 from the previous close of 6.274. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 85.4800 compared with its close of 85.7200 during the previous trading session. MCX Gold futures for 5 August 2025 settlement fell 1.30% to Rs 95,821. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.07% to 97.22. The United States 10-year bond yield added 0.47% to 4.272. In the commodities market, Brent crude for August 2025 settlement rose 55 cents or 0.81% to $68.28 a barrel. Global Markets: US Dow Jones futures jumped 130 points, pointing to a strong open for Wall Street. European shares surged on Friday, boosted by signs of progress in U.S.-China trade talks, while the dollar slipped to its lowest level in over three years. Asian shares ended mixed, as investors assessed China's May industrial data. The countrys industrial profits fell 9.1% year on year in the first five months of the year, according to the National Bureau of Statistics. This marked the largest decline since October last year, when industrial profits fell by 10%. Industrial profits are a crucial indicator of the financial health of Chinas factories, mines, and utilities. All eyes are on July 8, when the so-called "liberation day" tariffs are scheduled to kick in following a 90-day pause. The following day, July 9, marks the cutoff for a potential EU deal that could avert a hefty 50% tariff hike. In Japan, fresh inflation data from Tokyo offered a mild surprise. Core CPI, which excludes volatile food and fuel prices, rose 3.1% year-on-year in June, cooler than the 3.6% reading in May, hinting at easing price pressures. Back in the U.S., the S&P 500 closed just shy of a record high, jumping 0.8%. The Nasdaq climbed 0.97%, while the Dow followed closely with a 0.94% gain. Investors shrugged off economic headwinds ranging from tariff spats to sticky inflation and shaky geopolitics. A temporary calm in the Middle East also helped sentiment. The truce between Israel and Iran, brokered by former President Trump, held firm through Thursday. Trump has indicated fresh talks with Iran are on the cards, potentially aimed at curbing its nuclear ambitions. The U.S. GDP contracted at an annualized rate of 0.5% in Q1, marking the first dip since 2022. At the same time, weekly jobless claims dropped by 10,000, though economists caution the unemployment rate could inch up in June as job seekers face a tighter market. In tech, NVIDIA continued its meteoric rise, hitting new all-time highs. The stock has surged nearly 40% since April's tariff turbulence sparked a brief sell-off. Micron Technology also lit up the chip sector, with upbeat Q2 earnings and guidance that sailed past analyst expectations. Stocks in Spotlight: Akzo Nobel India jumped 6.65% to Rs 3405 after the company announced that its existing promoters have entered into a share purchase agreement (SPA) with JSW Paints for selling their 74.76% stake for a total consideration of Rs 9,403.21 crore. Jio Financial Services rose 3.57% after the Securities and Exchange Board of India (SEBI) approved Jio BlackRock Broking to function as a stockbroker. Private lender IndusInd Bank surged 2.61% after the media reported that Axis Bank's Rajiv Anand is a strong candidate for its CEO position. HDFC Bank's Rahul Shukla and Bajaj Finance's Anup Saha are also likely to be running for the role, the reports added. Century Plyboards (India) added 6.19% after the company announced the commencement of commercial production at its newly established particleboard manufacturing facility in Tamil Nadu. Adani Enterprises advanced 2.41% after the company announced that its joint venture, AdaniConneX (ACX), has completed the acquisition of a 100% equity stake in Granthik Realtors (GRPL) from Windson Projects LLP. Ahluwalia Contracts (India) jumped 5.02% after the company announced that it has secured two major construction orders with a combined value of Rs 1,103.56 crore. Lemon Tree Hotels rose 0.58%. The company has announced the signing of a new property, Lemon Tree Suites, Nashik, expanding its presence in Maharashtra. IPO Update: The initial public offer (IPO) of HDB Financial Services received bids for 2,17,65,29,200 shares as against 13,04,42,855 shares on offer, according to stock exchange data at 17:00 IST on Friday (27 June 2025). The issue was subscribed 16.69 times. The issue opened for bidding on Wednesday (25 June 2025) and it will close on Friday (27 June 2025). The price band of the IPO is fixed between Rs 700 and 740 per share. An investor can bid for a minimum of 20 equity shares and in multiples thereof. Sambhv Steel Tubes' IPO received bids for 1,39,95,06,472 shares as against 4,92,06,100 shares on offer, according to stock exchange data at 17:00 IST on Friday (27 June 2025). The issue was subscribed 28.44 times. The issue opened for bidding Wednesday (25 June 2025) and it will close on Friday (227 June 2025). The price band of the IPO is fixed between Rs 77 and 82 per share. An investor can bid for a minimum of 182 equity shares and in multiples thereof. Indogulf Cropsciences' IPO received bids for 1,24,79,940 shares as against 1,33,65,710 shares on offer, according to stock exchange data at 17:00 IST on Friday (27 June 2025). The issue was subscribed 0.93 times. The issue opened for bidding on Thursday (24 June 2025) and it will close on Monday (30 June 2025). The price band of the IPO is fixed between Rs 105 and 111 per share. An investor can bid for a minimum of 135 equity shares and in multiples thereof.
Business Standard
a day ago
- Business
- Business Standard
Adani Enterprises gains after AdaniConneX completes acquisition of Granthik Realtors
Adani Enterprises advanced 2.14% to Rs 2,641.30 after the company announced that its joint venture, AdaniConneX (ACX), has completed the acquisition of a 100% equity stake in Granthik Realtors (GRPL) from Windson Projects LLP. In an exchange filing, the company confirmed that a share purchase agreement (SPA) was executed and concluded on 26 June 2025. GRPL, incorporated on 7 May 2023, is registered with the registrar of companies, Maharashtra, Mumbai, and was established with the objective of undertaking infrastructure development activities. Although GRPL has not yet commenced commercial operations, it owns a significant land parcel and has secured key regulatory licenses, offering AdaniConneX a strategic advantage to initiate infrastructure projects swiftly. GRPL has an authorised share capital of Rs 10 lakh and a paid-up share capital of Rs 1 lakh. The acquisition, valued at Rs 85.99 crore, was executed on a cash consideration basis in exchange for the entire equity of the company. The acquisition aligns with AdaniConneXs strategy to expand its presence in the infrastructure development sector, as GRPL operates within the industry focused on the development of infrastructure facilities. The transaction does not qualify as a related-party transaction, the company clarified in its regulatory disclosure. Adani Enterprises (AEL) is the flagship company of Adani Group, one of India's largest business conglomerates. The company's business investments are centered on the fields of airport management, technology parks, roads, data centers, and water infrastructure. The companys consolidated net profit spiked 753.32% to Rs 3,844.91 crore in Q4 FY25 as against Rs 450.58 crore reported in Q4 FY24. Revenue from operations declined 7.58% to Rs 26,965.86 crore in Q4 FY25 from Rs 29,180.02 crore recorded in the same period a year ago.
