Latest news with #BSESensex
Hans India
2 hours ago
- Business
- Hans India
Benchmarks extend rally for 4th session; FIIs drive gains
Mumbai:Equity benchmark indices Sensex and Nifty advanced for the fourth straight session on Friday, supported by buying in blue-chips ICICI Bank and Reliance Industries amid fresh foreign fund inflows. A strengthening rupee against the US dollar and softening crude oil prices in international markets also boosted investor confidence, according to traders. The BSE Sensex climbed 303.03 points or 0.36 per cent to reclaim the 84,000 level and settle at 84,058.90. During the day, it jumped 333.48 points or 0.39 per cent to 84,089.35. As many as 2,251 advanced, while 1,760 declined and 154 remained unchanged on the BSE. On the similar lines, the 50-share NSE Nifty rose 88.80 points or 0.35 per cent to 25,637.80. On the weekly front, the BSE benchmark surged 1,650.73 points or 2 per cent, and the Nifty climbed 525.4 points or 2 per cent. 'Benchmark indices Nifty and Sensex closed on a firm footing on Friday, capping off the week with robust gains. The rally was underpinned by de-escalation in geopolitical tensions post the Israel-Iran ceasefire and growing optimism surrounding a prospective US-India trade pact, which acted as key macro tailwinds. On a weekly basis, both frontline indices logged gains of 2 per cent,' according to Bajaj Broking market commentary. From the Sensex pack, Asian Paints, UltraTech Cement, Power Grid, ICICI Bank, Reliance Industries, Hindustan Unilever, Bharat Electronics and Sun Pharma were among the major gainers.
United News of India
4 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
Mint
10 hours ago
- Business
- Mint
Bulls take the wheel as Nifty eyes lifetime high after breaking free
Mumbai: The Nifty 50 appears firmly on track to challenge its record high from last September after breaking out on Thursday from a one-and-a-half-month range-bound activity. Supported by bullish rollover signals from the June derivatives expiry, the index has turned former resistance into fresh support, even as foreign investors continue to pare equity holdings while domestic institutions keep pouring in funds. On Thursday, the bellwether index rose 1.2% to 25,549 on the expiry of the June series of derivatives, decisively breaching the 24,500-25,200 range that it had been stuck in since mid-May. Marketwide futures and options contracts expire on the last Thursday of every month. The Nifty 50 consolidated its gains further on Friday to close up 0.35% at 25,637.8, placing it just 2.5% away from its record high of 26,277.35 on 27 September last year. Rival benchmark BSE Sensex mirrored the trend, rising 1.2% to 83,755.57 on Thursday, and another two-fifths of a percent to 84,058.9 on Friday, ending just 2.28% shy of its record high of 85,978.25 on 27 September. The rollover data, which pertains to the NSE derivatives, showed that 80% of Nifty futures contracts were carried forward to the July series, up from the three-month average of 78%, per data from IIFL Capital Services. 'After close to one and half months of consolidation, Nifty is breaking out of an expanding triangle (bullish continuation pattern). We believe this opens space for the index to move towards its previous highs (26,200 levels)," read the IIFL Capital Services rollover report, further noting that the previous resistance of 25,200 had now become a strong support. This indicates an up-trending market, according to Kruti Shah, quant analyst at Equirus Securities. 'The Nifty has set its sights on its all-time highs with the decisive breaking of the 25,200 resistance," Shah said. The Nifty is expected to veer between a support and resistance of 25,380 and 25,920 next week, per options data. The bias for now is toward the upper end of the range, added Shah. The market rally has been driven by domestic inflows, especially from mutual funds, pension and insurance funds, even as foreign investors have remained net sellers. While foreign portfolio investors (FPIs) sold shares worth $10.7 billion from January 2025 through 20 June, domestic institutional investors or DIIs pumped in almost $40 billion over the same period, per Nitin Jain, CEO & CIO of Kotak Mahindra Asset Management (Singapore). Interestingly, while mutual funds accounted for 68% of the DII net inflows at $27 billion, the share of other domestic institutions like insurance and pension funds stood at $13 billion, which is higher than the $11 billion they invested in the whole of calendar year 2024.
Hindustan Times
13 hours ago
- Business
- Hindustan Times
DIIs sustained the market, FIIs are pulling it now
Jun 28, 2025 02:44 AM IST India's benchmark stock index BSE Sensex closed at 84058.9 points on Friday. The Sensex has crossed the 84000-mark for the first time since October 1, 2024 and it is just 2% short of its all-time high of 85836.12 on September 26 2024. The Sensex is now up 7.2% on a year-to-date. Renewed interest of FIIs has generated recent tailwinds even as DIIs sustained the market when it was faced with an FII exodus.(PTI) FIIs turning net buyers again is what is driving the market
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Business Standard
14 hours ago
- Business
- Business Standard
Sensex reclaims 84K level for first time since October, nears peak
Benchmark indices rose for a fourth straight session on Friday, with the Sensex closing above the 84,000 mark for the first time since October 1, 2024. The rally was fuelled by improving sentiment amid easing geopolitical tensions and optimism over potential trade deals between the US and its trading partners. Both indices posted weekly gains of 2 per cent, the most since the week ended May 16. The Nifty rose 0.35 per cent, or 89 points, to settle at 25,638, while the BSE Sensex climbed 0.36 per cent, or 303 points, to close at 84,059. Both benchmarks ended at their highest levels since October 1. In the broader market, the Nifty Smallcap 100 and Midcap 100 indices gained 4.3 per cent and 2.4 per cent, respectively, over the week. Most of the week's gains were driven by HDFC Bank and Reliance Industries (RIL), the top two weights in the Sensex and Nifty. RIL rose 3.5 per cent this week, supported by upbeat earnings forecasts from multiple brokerages. HDFC Bank gained 2.5 per cent during the week on expectations of lower funding costs and strong gross domestic product growth. The Nifty and Sensex are now trading less than 3 per cent below their all-time highs, last seen on September 27. The week's gains followed the announcement of a ceasefire between Israel and Iran, which led to a decline in oil prices. The Nifty Metal index outperformed this week, jumping nearly 5 per cent as a weaker dollar lifted the global outlook for commodities by making them more affordable. Expectations of deeper US rate cuts and uncertainty ahead of former President Donald Trump's July 9 tariff deadline weighed on the dollar. 'Things are looking better on the geopolitical front, and there is hope that the US and its key trading partners will reach a deal,' said Ambareesh Baliga, independent equity analyst. Even if a deal doesn't materialise before the July 9 deadline, there's a chance of an extension, Baliga said. Market breadth was positive, with 2,165 stocks advancing and 1,846 declining. Foreign portfolio investors were net buyers to the tune of ₹1,397 crore, while domestic institutional investors were net sellers to the tune of ₹589 crore. The total market capitalisation of BSE-listed firms rose by ₹2.5 trillion to ₹460 trillion ($5.4 trillion). 'For trend-following traders, 25,500–25,300 on the Nifty and 83,300-82,700 on the Sensex would act as crucial retracement support zones. As long as the market remains above these levels, the uptrend is likely to continue on the higher side, with 25,850/84,400 serving as the immediate resistance level,' said Amol Athawale, VP-Technical Research, Kotak Securities. Meanwhile, the rupee strengthened for the second consecutive day on Friday, supported by likely inflows from global funds and a weaker dollar index. The domestic currency closed 22 paise higher at 85.49, a day after closing at 86.71 against the dollar. The currency saw its best week since January 2023, driven mainly by a plunge in crude oil prices amid Israel-Iran conflicts.
