Stock Market Today: Nifty, Sensex Pare Most Gains In Second Half, End Slightly Higher; Infosys Leads

HCL Tech and Infosys are the top gainers in Nifty 50.

(Photo:Envato)  

Broader markets underperformed benchmark Nifty 50 and Sensex. The Nifty IT extended rally to a sixth session.
LIVE FEED

Market At Close: Nifty, Sensex Pare Most Gains In Second Half, End Slightly Higher

  • Nifty and Sensex ends marginally higher for the day.

  • Nifty and Sensex gains for the 6th consecutive day.

  • HCL Tech and Infosys are the top gainers in Nifty.

  • Bechmark Indices outperformed broader market indices.

  • Nifty Midcap 150 falls 0.3%, drag by BSE and Bharat Dynamics.

  • Nifty Midcap 150 snaps 5 day gaining streak.

  • Nifty small cap 250 snaps 13 days gaining streak.

  • Nifty smallcap 250 fall 0.1% for the day, drag by IEX and Engineers India.

  • Nifty Oil and Gas becomes the top performing sector for the day, led by Oil India and BPCL.

  • Nifty Oil and Gas and Nifty IT gains more than 1% each for the day.

  • Nifty IT, Pharma gains for the 6th consecutive day.

  • Nifty Realty, Media snaps 2 day losing streak.

  • Nifty Financial Services, FMCG, PSU Bank falls for the 2nd consecutive day.

  • Nifty Metal, Nifty Bank snaps 5th day gaining streak.

  • Nifty FMCG snaps 5th day gaining streak.

Rupee Closes Stronger Against US Dollar

  • Rupee strengthened 7 paise to end at 85.55 against US dollar

  • It closed at 85.62 a dollar on Tuesday

Source: Bloomberg

Stock Market Live: Star Cement Clarifies On Receiving Subsidy From West Bengal Government 

Star Cement has clarified that it is not availing any subsidy or benefit under any scheme of the West Bengal government. The company also stated that it has no receivables or outstanding dues related to projects in West Bengal, and the revocation of incentive schemes by the West Bengal government has no impact on the company.

Stock Market Today: Jio BlackRock Investment Gets SEBI Certificate Of Registration

Securities Exchange Board of India granted certificate of registration to Jio BlackRock Investment to act as Investment Adviser, Jio Financial Services said in the exchange filing.

Stock Market Live: Garden Reach Share Price Starts To Erase Losses After Signing Contract For Research Vessels

Garden Reach Shipbuilders & Engineers Ltd. has signed a contract with the government to build two coastal research vessels. This agreement underscores the company's role in advancing maritime research capabilities.

Stock Market Live: United Breweries Gets Total Tax Demand Of Rs 18.6 Crore 

United Breweries Ltd. reiceived total tax demand of Rs 18.6 crore from Kerala GST Department, the exchange filing said.

Rupee Extends Gains Against US Dollar

  • Intradaty, rupee strengthened 18 paise to 85.44 a dollar

  • It's the highest level since June 3

  • It closed at 85.62 a dollar on Tuesday

Source: Bloomberg

Stock Market Live Update: Hindustan Zinc Board Approves Interim Dividend Of Rs 10 Per Share

Hindustan Zinc Ltd.'s board has approved the first interim dividend of Rs 10 per share for FY26. The record date for this interim dividend has been set for June 17.

Also Read: Hindustan Zinc Share Price Rises Ahead Of Board Meeting To Consider Dividend

Stock Market Live: HAL, BEL, Mazagon Dockyards Are Antique's Top Defence Picks

Antique Stock Broking remains bullish on India’s defence sector, buoyed by a robust order pipeline, growing self-reliance, and increased geopolitical risks.

With India targeting defence capital outlay worth Rs 16 lakh crore through domestic procurement by 2030, the brokerage sees meaningful upside in a select set of defence-focused firms, maintaining a 'buy' stance on Hindustan Aeronautics Ltd., Bharat Electronics Ltd., Mazagon Dock Shipbuilders Ltd., and PTC Industries Ltd.

Also Read: HAL, BEL, Mazagon Dockyards Are Antique's Top Defence Picks On Strong Growth Amid Global Tensions

Trade Outlook Volatility Needs To Reduce For Money To Flow Into Asia EMs, Says Goldman Sachs' Timothy Moe

Goldman Sachs believes foreign fund inflows into emerging Asian markets will only get reflected when trade outlook volatility on the global front reduces. The upheaval triggered by trade tariffs has sparked a risk-aversion mood in investors across the globe. This is driving traders to safer havens like gold, if not the dollar index, as of now, said Timothy Moe, chief Asia-Pacific equity strategist, Goldman Sachs.

Read the full article here.

Stock Market Live: Minda Corp In Pact With Japan's Toyodenso

Minda Corp has entered into an agreement with Japan's Toyodenso to manufacture and sell advanced automotive switches. This partnership aims to leverage Toyodenso's technology and expertise to enhance Minda Corp's product offerings in the automotive sector.

NDTV Profit Exclusive: India Shifts From Nomination To Tendering For Major Defence Projects

In a significant policy shift, the Indian government has decided to transition from nomination-based contracts to competitive bidding or tendering for all major defence projects going forward. This move aims to create a level playing field for the domestic private sector, which has long sought equal opportunities alongside public sector defence companies.

Read the full article here.

Stock Market Live: Waaree Energies's Arm Gets Supply Order 

Waaree Energies' subsidiary has secured an order to supply 599 MW of solar modules. This significant order highlights the company's growing presence in the renewable energy sector.

Stock Market Live Update: KP Energy Gets New Orders Worth Rs 97 Crore

KP Energy Ltd. received new orders worth Rs 97 crore from multiple clients, the exchange filing said.

Market Live Update: Benchmarks At Noon

Around 12 p.m. both benchmark indices, Sensex and Nifty were trading higher. Nifty 50 was up 0.13% at 25,138 and Sensex was up 0.11% at 82,485.

Stock Market Live: MTR Owner Orkla India Files Draft IPO Papers With SEBI

Orkla India, the owner of spices and condiments brands MTR and Eastern, has filed preliminary papers for an initial public offering with the Securities and Exchange Board of India.

The IPO is a complete offer for sale of 2.28 crore equity shares by promoter and other shareholders, according to its draft red herring prospectus. Under the OFS, promoter Orkla Asia Pacific Pte along with shareholders Navas Meeran and Feroz Meeran are offloading shares.

Find out more details here.

Ganga Bath Fittings Lists At 20% Premium On NSE 

Ganga Bath Fittings Ltd. listed at Rs 59 apiece on National Stock Exchange Ltd. which implied a 20.4% premium from its issue price. The issue price was Rs 49 apiece.

The share price is stuck at upper circuit as of now.

Stock Market Live Update: United Spirits Share Price Slumps As Maharashtra Hikes Excise Duty

Shares of hard liquor manufacturers like United Spirits Ltd., Radico Khaitan Ltd., United Breweries Ltd. have declined with United Spirits slumping 6.19%, Radico Khaitan going down 3.04% and UBL also declining 1.55% after the Maharashtra government decided to raise excise duties on Tuesday. This applies to both retail purchase from a liquor store and consumption in a restaurant or bar.

Share price for United Spirits fell as much as 6.19% to Rs 1,510.20 apiece.

Also Read: United Spirits Share Price Slumps As Maharashtra Hikes Excise Duty On Hard Liquor

Stock Market Live: Rishabh Instruments's Arm Gets Rs 50-Crore Pact 

Rishabh Instruments Ltd.'s arm signs Rs 50 crore pact with a leading Germany based company, the exchange filing said.

Stock Market Live: Nifty IT Consolidates After Five-Day Rally 

Shortly after open, the NSE Nifty IT index fell 0.22% to 36,938.10. LTMindtree Ltd. and Persistent Systems Ltd. are top loser in the index.

Stock Market Live: Reliance Infrastructure Shares Erase Early Loss

Shares of Reliance Infrastructure Ltd. fell over 2% on Wednesday despite positive news for the company. However, the stock went on to erase loss and trade higher.

Shares of Reliance Infrastructure fell as much 2.13% to Rs 396 apiece, compared to a 0.12% advance in the NSE Nifty 50.

Also Read: Reliance Infrastructure Shares Erase Early Loss After Expansion Of Partnership With German Defence Firm

Stock Market Live: Auto Stocks Trade Mixed

Shares of Tata Motors Ltd., Mahindra & Mahindra Ltd., Maruti Suzuki India Ltd. and other automakers were in focus on Wednesday after China signaled it may allow Indian auto component manufacturers to secure licences for accessing rare earth materials, according to people familiar with the matter. This comes at a time when local carmakers are ramping up production while inventories last.

Also Read: Auto Stocks Trade Mixed As Discussions With China On Rare Earth Minerals Underway

Stock Market Live: Interarch Building Share Price Rises Nearly 6%

Interarch Building Solutions Ltd. share price rose 4.85% to Rs 2,319.10 apiece. The company received Rs 45 crore purchase order from Prestigious Automobile original equipment manufacturer.

Stock Market Live: CreditAccess Grameen Share Price Rises Over 4%

CreditAccess Grameen Ltd. share price rose 4.38% to Rs 1,249.00 apiece so far today. The share price advanced as the company has secured $100 million multi-currency syndicated social loan facility.

Also Read: CreditAccess Grameen Share Price Rises After Securing $100-Million Foreign-Currency Loan

Stock Market Live: Sula Vineyards, GM Breweries Rally

Share price of Sula Vineyards Ltd., GM Breweries Ltd. saw a significant uptick following the Maharashtra government's decision to raise excise duties on liquor. GM Breweries rose nearly 6% while Sula Vineyards was up nearly 2%

Read the full article here.

Sectoral Performance At Open: Nifty Media Rises Most 

On National Stock Exchange, 11 sectoral indices advanced, two declined, and two remained flat out of 15. The NSE Nifty Media rose the most, and the NSE Nifty FMCG declined the most.

Nifty Contributors: RIL, M&M And HCLTech Support

Reliance Industries Ltd., Mahindra & Mahindra Ltd., HCLTech Ltd., Eternal Ltd., and NTPC Ltd. added to the Nifty 50 index.

HDFC Bank Ltd., ICICI Bank Ltd., Larsen & Toubro Ltd., Maruti Suzuki India Ltd., and Kotak Mahindra Bank Ltd. added to the Nifty 50 index.

Stock Market Today: Nifty, Sensex Open Flat; RIL, M&M Contribute Most

The NSE Nifty 50 and BSE Sensex opened flat on Wednesday. Reliance Industries Ltd. and Mahindra & Mahindra Ltd. added to the Nifty 50 while HDFC Bank Ltd. and Larsen & Toubro Ltd. weighed on the index.

Both the indices were trading 0.07% higher, respectively.

Stock Market Today: Nifty, Sensex At Pre-Open

At pre-open, the NSE Nifty 50 was trading 0.10% higher at 25,128.95, and the BSE Sensex was trading 0.01% higher at 82,402.80.

Yield On The 10-Year Bond Opens Flat

  • The 10-year bond yield opened flat at 6.36%

Source: Bloomberg

Rupee Opens Stronger Against US Dollar

  • Rupee opened 11 paise stronger at 85.51 a dollar

  • It closed at 85.62 a dollar on Tuesday

Source: Bloomberg

Also Read: Rupee Opens Stronger Against Dollar Amid US-China Trade Talks

Stock Market Live: Onesource Specialty Signs Biosimilars Manufacturing Agreement With Xbrane Bipharma

Onesource Specialty Pharma has signed a biosimilars manufacturing agreement with Sweden's Xbrane Biopharma. As part of this pact, Xbrane will transfer the technology for select products to the company's Bangalore facility.

Stock Market Live: Talbros Automotive Gets Orders Worth Rs 580 Crore In JV

Talbros Automotive Component along with its joint ventures received a multi-year orders worth Rs 580 crore, the company said in the exchange filing.

Stock Market Live: Inox Wind Gets Approval To Merge With Inox Wind Energy 

The National Company Law Tribunal has given its approval for the merger scheme between Inox Wind Energy Ltd and Inox Wind Ltd. 

Stock Market Live Update: Jefferies stance on India Lodging

  • India's hotel universe delivered strong 26-27% EBITDA/PAT growth in Q4

  • Expect Healthy growth trends to continue in FY26

  • Growth expected from Mismatch in Industry demand-supply and strong exit runrate in FY25

  • Hotel industry witnessed RevPAR(Revenue Per Available Room) growth of 12% in FY25

  • ARR(Average Room Rate)grew at 10% for FY25

  • EIH/Chalet/Samhi reported strongest YoY growth with RevPAR for Q4 at 21-22%

  • IHCL signed 74 hotels and 26 openings in FY25

  • RevPAR to grow 7–9%, EBITDA CAGR at 14–19% for IHCL, ITCH, Chale for FY25-FY27E

Stock Market Live: Nomura On AMCs

  • Monthly equity MF inflows moderated to Rs 24, 200 crore

  • Inflows due to NFOs increased to Rs 3,590 crore

  • SIP flows largely steady at Rs 26,700 crore

  • SIP stoppage ratio normalised

  • Number of SIP accounts rose to 8.6 crore

  • Debt MF schemes witnessed reduced inflows of Rs 20,700 crore

  • Passive funds saw a decline in flows to Rs 5,500 crore

Asia Market Update: CSI 300 & Hang Seng Rise Nearly 1% At Open 

China's benchmark CSI 300 and Hong Kong's Hang Seng advanced nearly 1% on Wednesday as the US and China have reached to consensus point in trade negotiation. Both countries' representatives reached an agreement in London, and now will seek approval for final framework from both countries' presidents.

The CSI 300 and Hang Seng were trading 0.82% and 0.81% higher, respectively as of 7:36 a.m.

Also Read: S&P 500 Halts Rally Near Record As Big Tech Swoons: Markets Wrap

US Market Update: S&P 500 And Dow Jones Settle Higher On Positive Trade Talks Between US and China 

US share indices ended higher on Tuesday as Tesla Inc share price advanced amid ongoing trade talks between US and China. US officials have talked about progress in the negotiations so far in public domain which raised hopes for a ease in tension between two largest economies.

Dow Jones Industrial Average rose 0.25% to 42,886.86. S&P 500 rose 0.55% at 6,038.81, and Nasdaq Composite rose 0.63% at 19,714.99.


Also Read: US Bonds Up Before $58 Billion Sale Amid Trade Talks: Markets Wrap

GIFT Nifty Implies Lower Open; Kaynes Tech, Wipro, Vodafone Shares In Focus

The GIFT Nifty was trading 0.10% or 25.50 points down 25,173.00 as of 6:34 a.m., which implied a negative open for the Nifty 50 index.

Investors will keep an eye on Kaynes Technology India Ltd., Wipro India Ltd., and Vodafone Idea Ltd. share prices because of the overnight news flow.

The benchmark equity indices closed flat on Tuesday, with the BSE Sensex breaking their four-session winning streak.

The NSE Nifty 50 ended 1.05 points higher at 25,104.25, while the BSE Sensex closed 53.49 points or 0.06% lower at 82,39.72.

Also Read: Stock Market Highlights: Nifty Ends Flat, Sensex Snaps Four-Session Gaining Streak

Watch LIVE TV, Get Stock Market Updates, Top Business, IPO and Latest News on NDTV Profit.
WRITTEN BY
Ananya Chaudhuri
Ananya Chaudhuri covers financial markets news and trends at NDTV Profit. S... more
GET REGULAR UPDATES