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Business Standard
2 days ago
- Business
- Business Standard
Sensex ends 303 pts higher, Nifty settles above 25,600; VIX slumps 1.60%
The domestic equity benchmarks ended with minor gains today, marking the fourth consecutive day of gains, driven by strong foreign institutional investor (FII) positive momentum persisted despite lingering global risks and concerns over upcoming tariff deadlines. Oil & gas, pharma and PSU bank shares advanced while realty, consumer durables and IT shares declined. The Nifty settled above 25,600 level. As per provisional closing data, the barometer index, the S&P BSE Sensex, jumped 303.03 points or 0.36% to 84,058.90. The Nifty 50 index rose 88.80 points or 0.35% to 25,637.80. In four consecutive trading sessions, the Sensex advanced 2.64% while the Nifty rose 2.67%. The broader market outperformed the frontline indices. 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, 2,256 shares rose and 1,753 shares fell. A total of 156 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, fell 1.60% to 12.39. IPO Update: The initial public offer (IPO) of HDB Financial Services received bids for 1,83,18,19,140 shares as against 13,04,42,855 shares on offer, according to stock exchange data at 15:15 IST on Friday (27 June 2025). The issue was subscribed 14.04 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. The initial public offer (IPO) of Sambhv Steel Tubes received bids for 1,06,85,27,642 shares as against 4,92,06,100 shares on offer, according to stock exchange data at 15:15 IST on Friday (27 June 2025). The issue was subscribed 21.72 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. The initial public offer (IPO) of Indogulf Cropsciences received bids for 1,11,14,415 shares as against 1,33,65,710 shares on offer, according to stock exchange data at 15:15 IST on Friday (27 June 2025). The issue was subscribed 0.83 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. Buzzing Index: The Nifty Oil & Gas index added 1.19% to 11,835.05. The index jumped 3.32% in the three trading sessions. Adani Total Gas (up 5.56%), Mahanagar Gas (up 4.69%), Hindustan Petroleum Corporation (up 4.45%), Indraprastha Gas (up 2.89%) and Gujarat State Petronet (up 2.44%), GAIL (India) (up 2.24%), Gujarat Gas (up 1.9%), Castrol India (up 1.34%), Reliance Industries (up 1.22%) and Bharat Petroleum Corporation (up 1.02%) added. On the other hand, Aegis Logistics (down 5.54%), Oil India (down 1.81%) and Oil & Natural Gas Corpn (down 0.62%) declined. Stocks in Spotlight: Akzo Nobel India jumped 7.20% 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. Century Plyboards (India) added 3.96% after the company announced the commencement of commercial production at its newly established particleboard manufacturing facility in Tamil Nadu. Adani Enterprises advanced 2.27% 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. Mahindra Lifespace Developers fell 1.72%. The company said that it has been appointed as the preferred developer for the re-development of a premium housing society in Mulund (West), Mumbai. Lemon Tree Hotels rose 0.45%. The company has announced the signing of a new property, Lemon Tree Suites, Nashik, expanding its presence in Maharashtra. Ahluwalia Contracts (India) jumped 5.05% after the company announced that it has secured two major construction orders with a combined value of Rs 1,103.56 crore. Global Markets: European markets 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 Chinas 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. 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
2 days 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
2 days 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
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.
India Today
2 days ago
- Business
- India Today
Sensex ends 300 points higher, Nifty above 25,600; Jio Financial shares jump 4%
Benchmark indices closed higher for the fourth straight session on Thursday, buoyed by easing global concerns and renewed foreign S&P BSE Sensex rose 303.03 points to end at 84,058.90, while the NSE Nifty50 gained 88.80 points, settling at 25,637.80. All broader market indices also finished in positive territory as volatility eased, bringing both key benchmarks within striking distance of new record Nair, Head of Research at Geojit Financial Services, said recent global developments have lifted market sentiment. 'Key catalysts like the ceasefire in the Middle East and optimism around easing trade tensions have cleared investor concerns. After several sessions of selling, FIIs have turned net buyers, which is helping stabilise the market,' he said.'Benign oil prices, a stronger rupee, and steady macroeconomic indicators are driving interest in domestic growth themes. Expectations of stronger earnings, supported by resilient consumption, are further boosting optimism.'- Ends
