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United News of India
8 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
3 days ago
- Business
- Business Standard
Indices trade higher; IT shares rally
The domestic equity indices traded with modest gains in the early afternoon trade, tracking a global rally as tensions in West Asia eased after a fragile Israel-Iran ceasefire. The Nifty traded above 25,200 level. IT shares witnessed buying demand for the second consecutive trading session. At 12:30 ST, the barometer index, the S&P BSE Sensex jumped 557.64 points or 0.68% to 82,639.40. The Nifty 50 index rallied 162.80 points or 0.65% to 25,206.55. In the broader market, the S&P BSE Mid-Cap index rose 0.33% and the S&P BSE Small-Cap index added 1.30%. The market breadth was strong. On the BSE, 2,615 shares rose and 1,385 shares fell. A total of 175 shares were unchanged. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, declined 3.07% to 13.22. The Nifty 26 Jun 2025 futures were trading at 25,226, at a premium of 19.45 points as compared with the spot at 25,206.55. The Nifty option chain for the 26 June 2025 expiry showed a maximum call OI of 149.5 lakh contracts at the 26,000 strike price. Maximum put OI of 133 lakh contracts was seen at the 25,000 strike price. Buzzing Index: The Nifty IT index jumped 1.22% to 38,888.30. The index added 1.23% in two consecutive trading sessions. Mphasis (up 2.09%), LTIMindtree (up 1.63%), Tech Mahindra (up 1.58%), Infosys (up 1.45%) HCL Technologies (up 1.05%), Coforge (up 1.05%), Wipro (up 0.89%), Tata Consultancy Services (up 0.5%), Oracle Financial Services Software (up 0.33%) and Persistent Systems (up 0.18%) advanced.
Business Standard
5 days ago
- Business
- Business Standard
Market ends with steep losses, media shares outperform; VIX rallies 2.74%
The domestic equity benchmarks ended with significant losses today, weighed down by ongoing tensions in the Middle East. Media, consumer durables and metal shares advanced while IT, auto and FMCG shares declined. The Nifty settled below the 25,000 level. As per provisional closing data, the barometer index, the S&P BSE Sensex, tanked 511.38 points or 0.62% to 81,896.79. The Nifty 50 index slipped 140.50 points or 0.56% to 24,971.90. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.20% and the S&P BSE Small-Cap index added 0.57%. The market breadth was negative. On the BSE, 1,862 shares rose and 2,195 shares fell. A total of 183 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, added 2.74% to 14.05. Economy: The HSBC Flash India Composite Output Index, which tracks month-on-month changes in combined output from manufacturing and services, rose to 61.0 in June from 59.3 in May - the highest in 14 months and well above the long-term average. Manufacturing led the growth, with the Manufacturing PMI Output Index climbing to 61.5 in June from 60.3 in May. The overall Manufacturing PMI rose to 58.4, its best level since April 2024, signalling improved operating conditions. The HSBC Flash India Services PMI Business Activity jumped to 60.7 from 58.8, showing a strong uptick in service sector growth. Buzzing Index: The Nifty Media index soared 4.39% to 1,748.40. The index jumped 4.76% for the second trading session. Zee Entertainment Enterprises (up 12.64%), Network 18 Media & Investments (up 3.39%), Nazara Technologies (up 3.19%), Dish TV India (up 1.82%), PVR Inox (up 1.07%), Saregama India (up 0.69%), D B Corp (up 0.46%) added. On the other hand, Sun TV Network (down 1.29%), Hathway Cable & Datacom (down 0.47%) and Tips Music (down 0.31%) edged lower. Zee Entertainment Enterprises (ZEEL) surged 12.64% after the company released a detailed strategic business update outlining its plans for consolidation, capital infusion, and digital growth. The company reported that it holds a 17% share of the urban TV viewership market (15+ age group). This comes amid broader industry consolidation that has resulted in a two-player market structure, with Peer-1 holding a dominant 34% share. Zee stated that it remains committed to strengthening its position in the evolving media and entertainment landscape. Stocks in Spotlight: Solar Industries India shed 0.52%. The company said that its wholly owned subsidiary, Solar Defence & Aerospace has signed contract with Ministry of Defence, Government of India, to supply defence products. Ideaforge Technology hit an upper limit of 10% after the company secured an order worth approximately Rs 137 crore, inclusive of all charges to supply Mini UAVs with accessories to Ministry of Defence. Waaree Renewable Technologies rose 0.13%. The company announced that it has signed a non-binding memorandum of understanding (MoU) with Viet Khanh Joint Stock Company for the execution of engineering, procurement, and construction (EPC) work for a solar power project. Bharat Electronics (BEL) advanced 3.15% after the company announced it had secured additional orders worth Rs 585 crore since its last disclosure on 5 June 2025. Godrej Properties fell 1.17%. The company announced that it had sold inventory worth over Rs 2,000 crore during the launch of the first phase of its residential project, Barca @ Godrej MSR City, located in Devanahalli, North Bengaluru. Nitco jumped 2.04% after the company announced that it has received a fresh Letter of Intent (LoI) from Prestige Estates Projects for an additional tile supply order worth approximately Rs 45 crore. Zen Technologies hit an upper limit of 5% after the companys board has approved the acquisition of TISA Aerospace (TISA) through a mix of share purchase plus compulsorily convertible debentures (CCDs) from current shareholders of TISA. Global Markets: European markets traded lower, while Asian markets ended lower on Monday as investor jitters grew following the US airstrikes on three Iranian nuclear sites, which pushed oil prices higher and reignited fears of a wider Middle East conflict. Brent Crude climbed to $78.52 a barrel, continuing its upward trend amid regional tensions. On the macro front, Japan delivered a pleasant surprise. Its manufacturing sector returned to expansion in June, with the au Jibun PMI rising to 50.4 from Mays 49.4. The services sector also saw steady growth, with the index nudging up to 51.5 from 51.0. Back in the US, two of the three major indices closed lower on Friday. The S&P 500 slipped 0.22%, marking its third straight loss, while the Nasdaq dropped 0.51%. The Dow managed a modest gain of 0.08% as investors weighed geopolitical developments and the Feds next move on rates.
Business Standard
5 days ago
- Business
- Business Standard
Barometers trade with major losses; FMCG shares decline
The domestic equity benchmarks traded with significant losses in the early afternoon trade, weighed down by rising geopolitical tensions and a sharp selloff in IT stocks. Escalating conflict between the US and Iran, a spike in crude oil prices, and concerns over potential economic fallout triggered broad-based risk aversion among investors. The Nifty traded below the 24,950 mark. FMCG shares declined after advancing in the past trading session. At 12:28 ST, the barometer index, the S&P BSE Sensex, tanked 621.76 points or 0.76% to 81,785.82. The Nifty 50 index slipped 170.45 points or 0.68% to 24,941.95. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.15% and the S&P BSE Small-Cap index added 0.36%. The market breadth was negative. On the BSE, 1,673 shares rose and 2,209 shares fell. A total of 208 shares were unchanged. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, advanced 2.79% to 14.06. The Nifty 26 Jun 2025 futures were trading at 24,945.20, at a premium of 3.25 points as compared with the spot at 24,941.95. The Nifty option chain for the 26 June 2025 expiry showed a maximum call OI of 146.9 lakh contracts at the 26,000 strike price. Maximum put OI of 104.6 lakh contracts was seen at the 24,900 strike price. Economy: The HSBC Flash India Composite Output Index a seasonally adjusted index that measures the month-on-month change in the combined output of India's manufacturing and service sectors climbed to a 14-month high of 61.0 in June. Rising from 59.3 in May, the latest reading was consistent with a sharp rate of expansion that was well above the long-run series average. The HSBC Flash India Manufacturing PMI rose from 57.6 in May to 58.4 in June, signalling the best improvement in operating conditions since April 2024. Buzzing Index: The Nifty FMCG index fell 0.58% to 54,316.65. The index rose 0.64% in the past trading session. Patanjali Foods (down 1.87%), Hindustan Unilever (down 1.6%), United Spirits (down 1.45%), Godrej Consumer Products (down 1.03%), Britannia Industries (down 1.01%), ITC (down 0.69%) and Dabur India (down 0.41%) declined. On the other hand, Colgate-Palmolive (India) (up 1.18%), Varun Beverages (up 1.16%) and Nestle India (up 0.52%) edged higher. Stocks in Spotlight: Avantel surged 8.16% after the company secured two orders worth Rs 24.73 crore from Mazagon Dock Shipbuilders and Defence Electronics Applications Laboratory, DRDO. Waaree Renewable Technologies rose 0.74%. The company announced that it has signed a non-binding memorandum of understanding (MoU) with Viet Khanh Joint Stock Company for the execution of engineering, procurement, and construction (EPC) work for a solar power project.
Business Standard
5 days ago
- Business
- Business Standard
Sensex, Nifty trade lower amid Iran-Israel tensions; VIX rallies 3.43%
The key equity indices traded with major losses in the mid-morning trade, weighed down by rising geopolitical tensions and a sharp selloff in IT stocks. Escalating conflict between the US and Iran, a spike in crude oil prices, and concerns over potential economic fallout triggered broad-based risk aversion among investors. The Nifty traded below the 24,950 mark. Auto shares declined after rising for three consecutive sessions. At 11:30 ST, the barometer index, the S&P BSE Sensex, tanked 568.08 points or 0.70% to 81,830.43. The Nifty 50 index slipped 164.20 points or 0.66% to 24,948.80. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index shed 0.09% and the S&P BSE Small-Cap index rose 0.17%. The market breadth was negative. On the BSE, 1,448 shares rose and 2,264 shares fell. A total of 229 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, jumped 3.43% to 14.14. Economy: The HSBC Flash India Composite Output Index a seasonally adjusted index that measures the month-on-month change in the combined output of India's manufacturing and service sectors climbed to a 14-month high of 61.0 in June. Rising from 59.3 in May, the latest reading was consistent with a sharp rate of expansion that was well above the long-run series average. The HSBC Flash India Manufacturing PMI rose from 57.6 in May to 58.4 in June, signalling the best improvement in operating conditions since April 2024. Buzzing Index: The Nifty Auto index fell 1.01% to 23,440.40. The index added 1.94% in the previous three consecutive trading sessions. Samvardhana Motherson International (down 2.76%), Bosch (down 1.67%), Mahindra & Mahindra (down 1.5%), Tube Investments of India (down 1.44%), Hero MotoCorp (down 1.38%) were the top losers. Among the other losers were TVS Motor Company (down 1%), Bajaj Auto (down 0.84%), Tata Motors (down 0.81%), Maruti Suzuki India (down 0.81%) and Balkrishna Industries (down 0.71%) declined. On the other hand, MRF (up 0.97%) ,Bharat Forge (up 0.77%) and Ashok Leyland (up 0.02%) added. Stocks in Spotlight: Bharat Electronics (BEL) advanced 2.42% after the company announced it had secured additional orders worth Rs 585 crore since its last disclosure on 5 June 2025. Zen Technologies hit an upper limit of 5% after the companys board has approved the acquisition of TISA Aerospace (TISA) through a mix of share purchase plus compulsorily convertible debentures (CCDs) from current shareholders of TISA. Embassy Developments added 3.83% after the company announced the signing of a joint development agreement (JDA) for nearly 17.9-acre land parcel in Whitefield, Bengaluru. Global Markets: US Dow Jones futures were down 96 points, hinting at a negative start for Wall Street. Asian markets slumped on Monday as investor jitters grew following the US airstrikes on three Iranian nuclear sites, which pushed oil prices higher and reignited fears of a wider Middle East conflict. Brent Crude climbed to $78.52 a barrel, continuing its upward trend amid regional tensions. On the macro front, Japan delivered a pleasant surprise. Its manufacturing sector returned to expansion in June, with the au Jibun PMI rising to 50.4 from Mays 49.4. The services sector also saw steady growth, with the index nudging up to 51.5 from 51.0. Back in the US, two of the three major indices closed lower on Friday. The S&P 500 slipped 0.22%, marking its third straight loss, while the Nasdaq dropped 0.51%. The Dow managed a modest gain of 0.08% as investors weighed geopolitical developments and the Feds next move on rates.
