KEY HIGHLIGHTS
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.
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.
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.
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.
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.
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.
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
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.
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.
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.
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