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United News of India
17 hours ago
- Business
- United News of India
Sensex Zooms by 1,650.73 points during the week
Mumbai, June 28 (UNI) The Sensex surged 1,650.73 points, or 2 per cent, to settle at 84,058.90 in the week ended June 27, 2025. Supported by easing geopolitical tensions, strong global cues, positive domestic economic data, and robust FII buying. Equity benchmarks saw a strong rebound this week, closing in the green for four out of five sessions. Nifty soared 525.40 points, or 2.09 per cent, to settle at 25,637.80. The BSE Mid-Cap index jumped 2.33 per cent to close at 46541.25. The BSE Small-Cap index zoomed 3.57 per cent to end at 54,249.40. On June 23, as rising tensions in the Middle East spooked investors. BSE Sensex tanked 511.38 points to 81,896.79. Nifty slipped 140.05 points, or 0.56%, to 24,971.90. On June 24, BSE Sensex added 158.32 points to settle at 82,055.11. Nifty rose 72.45 points to 25,044.35. On June 25, buoyed by positive global cues as investor sentiment improved following signs of a tentative ceasefire between Israel and Iran, BSE Sensex surged 700.40 points to close at 82,755.51, while the Nifty 50 jumped 200.40 points to 25,244.75. On June 26, it closed with solid gains on the back of firm global cues and hopes of de-escalation in the Israel-Iran conflict. BSE Sensex zoomed 1,000.36 points to close at 25,755.87. Nifty surged 304.25 points to 25,549. On June 27, driven by strong foreign institutional investor (FII) inflows, the BSE Sensex jumped 303.03 points to 84,058.90. Nifty rose 88.80 points to 25,637.80. Sensex gainers during the week were Asian Paints by 3.06 pc, UltraTech Cement by 2.43 pc, Power Grid Corp by 2.11 pc, ICICI Bank by 1.56 pc, and Reliance by 1.39 pc BEL by 1.19 pc, HUL by 1.14 pc, Sun Pharma by 1.12 pc, SBI by 1.05 pc, Adani Ports by 0.75 pc, Bharti Airtel by 0.68 pc, and Tata Steel by 0.56 pc. Tata Motors by 0.54 pc, L&T by 0.50 pc, NTPC by 0.24 pc, Kotak Mahindra by 0.18 pc, HCL Tech by 0.08 pc and TCS by 0.04 pc Sensex loser during the week Trent by 1.42 pc, Eternal by 1.13 pc, Tech Mahindra by 0.93 pc, Titan Company by 0.79 pc, Axis Bank by 0.74 pc, Maruti Suzuki by 0.56 pc, Bajaj Finance by 0.52 pc, Bajaj Finserv by 0.46 pc, HDFC Bank by 0.43 pc, Infosys by 0.40 pc, ITC by 0.33 and M&M by 0.31 pc. Other gains were Nestle India by 3.99 pc, Adani Enterprises by 8.13 pc, Zed Entertainment Enterprises (ZEEL) by 8.49 pc, Reliance Infrastructure by 10.75 pc, Ask Automotive by 11.67 pc, KNR Constructions by 5.79 pc and Ahluwalia Contracts (India) by 9.35 pc. Sectoral gainers during the week were BSE Auto by 1.56 pc, Bankex by 1.80 pc, Consumer Durables by 3.28 pc, Capital Goods by 1.86 pc, FMCG by 1.35 pc, Health Care by 2.17 pc, Metal by 4.77 pc, Oil & Gas by 3.20 pc, Tech by 0.97 pc and Power by 3.24. Sectoral loser during the week Realty by 2.06 pc and IT by 0.29 pc. UNI JS ARN
Business Standard
a day ago
- Business
- Business Standard
Sensex, Nifty trade with minor gains; media shares in demand
The domestic equity benchmarks traded with small gains in the mid- afternoon trade. The Nifty hovered above the 25,600 level. Media stocks rebounded after slipping in the last session. At 14:30 IST, the barometer index, the S&P BSE Sensex, jumped 190.23 points or 0.23% to 83,946.39. The Nifty 50 index added 66.55 points or 0.26% to 25,615.95. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.46% and the S&P BSE Small-Cap index added 0.65%. The market breadth was strong. On the BSE, 2,137 shares rose and 964 shares fell. A total of 151 shares were unchanged. Buzzing Index: The Nifty Media index rose 0.60% to 1,754.35. The index fell 1.09% in the previous trading session. Sun TV Network (up 1.59%), Zee Entertainment Enterprises (up 0.83%), PVR Inox (up 0.58%), D B Corp (up 0.46%) and Dish TV India (up 0.41%), Saregama India (up 0.4%), Tips Music (up 0.28%) added. On the other hand, Network 18 Media & Investments (down 0.74%), Nazara Technologies (down 0.3%) and Hathway Cable & Datacom (down 0.06%) declined. Numbers to Track: The yield on India's 10-year benchmark federal paper rose 0.38% to 6.298 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 85.4875 compared with its close of 85.7200 during the previous trading session. MCX Gold futures for 5 August 2025 settlement fell 1.32% to Rs 95,808. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.09% to 97.21. The United States 10-year bond yield added 0.42% to 4.270. In the commodities market, Brent crude for August 2025 settlement rose 63 cents or 0.93% to $68.36 a barrel.
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
2 days ago
- Business
- Business Standard
Barometers trade with tiny gains; broader mkt outperforms
The key equity indices continued to trade near the flatline with some positive bias in the morning trade. The Nifty traded above the 25,550 mark. PSU Bank shares gained for a fourth day in a row. At 10:29 ST, the barometer index, the S&P BSE Sensex, rose 16.43 points or 0.02% to 83,771.21. The Nifty 50 index added 6.95 points or 0.03% to 25,557.75. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.57% and the S&P BSE Small-Cap index added 0.66%. The market breadth was strong. On the BSE, 2,278 shares rose and 1,061 shares fell. A total of 155 shares were unchanged. Buzzing Index: The Nifty PSU Bank index added 0.90% to 7,045.35. The index rallied 3% in the four trading sessions. Punjab & Sind Bank (up 1.19%), Bank of Baroda (up 1.14%), Bank of Maharashtra (up 1.13%), Bank of India (up 1%) and State Bank of India (up 0.9%), Punjab National Bank (up 0.79%), Union Bank of India (up 0.78%), Indian Overseas Bank (up 0.48%), Central Bank of India (up 0.39%) and UCO Bank (up 0.16%) added. Stocks in Spotlight: Deep Industries rose 0.55%. The company announced that it has secured an order worth Rs 45.33 crore from Oil India for the hiring of one Mobile Workover Rig Package. Associated Alcohols & Breweries jumped 4.83% after the company launched its premium blended malt whisky Hillfort in Uttar Pradesh, available across select retail outlets. Western Carriers (India) soared 7.78% after the company announced that it has secured a work order worth approximately Rs 230 crore from Jindal Stainless (JSL).
