Stock Market Today: Sensex Slumps Nearly 900 Points; Nifty Settle Below 25,000; Tata Motors Top Loser

The Nifty Midcap 150 and Nifty Smallcap 250 underperformed benchmark Nifty 50 index.

(Photo: NDTV Profit)

The Nifty 50 and Sensex ended sharply lower tracking losses in Infosys Ltd. and Larsen & Toubro Ltd.
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A Indian Passenger Plane Heading To London Crashes At Ahmedabad

Air India Ahmedabad-London plane crashed in Meghaninagar. The Air India Boeing Dreamliner was a 787 craft. As per NDTV reports 242 passengers were on board.

Track live update here.

Rupee Closes Weaker Against US Dollar

  • Rupee weakened 8 paise to close at 85.60 against US dollar

  • It closed at 85.52 a dollar on Wednesday

Source: Bloomberg

Market At Close: Sensex Slumps Over 800 Points; Nifty Settle Below 25,000

  • Nifty close below 25,000 mark.

  • Nifty and Sensex falls 1% for the day.

  • Nifty snaps 6-day gaining streak.

  • Tata Motors and Shriram Finance are the top loser in Nifty.

  • Nifty Midcap 150 falls for the 2nd day.

  • Nifty Midcap 150 and Smallcap 250 fall more than 1.5% for the day.

  • One 97 communication and HPCL are the top losers in Nifty Midcap 150.

  • C.E. Info Systems and RattanIndia Enterprises falls the most in Nifty smallcap 250.

  • All sectoral indices closed lower for the day.

  • Nifty Realty fall the most, becoming the worst performing sector for the day.

  • The Phoenix Mills and Godrej Properties are the top losers in Nifty Realty.

  • Nifty Pharma, Nifty IT snaps 6-day gaining streak.

  • Nifty Media, FMCG, Metal falls for the 2nd day in a row.

  • Nifty Bank, Financial Services, PSU Bank falls for the 3rd day in a row.

Stock Market Live Update: Bajaj Auto CTO No Longer Part Of Senior Management

Bajaj Auto Ltd.'s Chief Technical Officer Ramtilak Ananthan ceased to form part of senior management, the company said in the exchange filing.

Boeing Co Drops Over 5% At Pre-Market After An Air India Boeing 787 Dreamliner Crashes 

Boeing Co share price dropped over 5% at pre-market hours after an Indian airline plane heading towards London crashed in the western city Ahmedabad. The crashed plane is Boeing Dreamliner was a 787 craft.

Also Read: Boeing Share Price Slumps 8% In Pre-Market Trading

Stock Market Today: Nifty Realty Leads Losses 

On NSE, all 15 sectoral indices extended losses with the NSE Nifty Realty declined the most. The NSE Nifty Pharma declined the least.

Stock Market Today: Sensex Plunges Over 1,000 Points From Day's Low 

The BSE Sensex declined 1.20% to the day's low of 81,523.16. The index was trading 1.03% down as of 2:21 p.m.

Stock Market Today: Nifty Slumps Nearly 350 Points From Day's High 

The NSE Nifty 50 extended decline and hit the day's low of 24,825.90. The index was trading nearly 350 points down from day's low.

Stock Market Live: Aviation Stocks Decline On NSE

InterGlobe Aviation Ltd. and Spicejet Ltd. share prices declined. The share prices declined 3.44% and 1.85%, respectively as of 2:12 p.m.

Also Read: Ahmedabad Plane Crash: Aviation Stocks Slump After London-Bound Air India Flight Goes Down

Stock Market Live: Cyient Semiconductors In Pact With MIPS

Cyient Semiconductors is in pact with MIPS for custom RISC-V-based intelligent power solutions, the exchange filing said.

Ashoka Buildcon Share Price Extends Losses After Maharashtra GST Department Searches Premises

Ashoka Buildcon Ltd.'s share price extended losses on Thursday, after Maharashtra GST Department conducted search and seizure operations at its office premises.

Ashoka Buildcon's share price declined 2.79% to Rs 211.55, the lowest level since May 27.

Also Read: Ashoka Buildcon Share Price Extends Losses After Maharashtra GST Department Searches Premises

Stock Market Live: Bajaj Finance Bonus Bonanza: 10 Shares Turn Into 100

Bajaj Finance Ltd. is set to reward its shareholders with a massive windfall, turning 10 shares into 100, as the company rolls out a combination of a stock split and bonus issue. The upcoming corporate actions, coupled with a generous dividend payout, have put the non-banking financial company in sharp investor focus.

Stock Market Live: Procter & Gamble Hygiene & Health Care Cautiously Optimistic About Future 

  • Procter & Gamble Health remains cautiously optimistic about future

  • Demand trends continue to evolve. Healthier monsoon aiding rural growth, while urban consumption will take time to recover

  • Feminine care is a high-engagement category. Category has grown over 100 times in 10 years

  • Margins have improved 60 bps year on year despite cost inflation and higher A&D spends

  • Indian economy continues to grow stronger versus peers

Source: Procter & Gamble Hygiene & Health Care Meet With Investors & Analysts

Stock Market Live: Maharashtra GST Dept Does Seizure Ashoka Buildcon's Office Premises 

Maharashtra GST Department initiated search and seizure operations at office premises on June 11. No impact on normal operations, the exchange filing said.

Ola Electric Share Price Update: Large Trade In Stock

Over 1.57 million shares of Ola Electric were traded via a block deal on Tuesday. The share of Ola Electric fell as much as 1.07% to Rs 47.90 apiece.

Tata Capital’s $2 Billion IPO Nears SEBI Green Light, Final Nod Likely Soon

  • Tata Capital IPO proposal has reached SEBI’s top brass for final approval.

  • The file is with the SEBI Chairperson due to the large size of the IPO.

  • Final clearance expected soon.

  • Approval will enable Tata Capital to list before RBI’s September deadline for 'upper layer' NBFCs.

  • Draft IPO was filed confidentially in April, keeping key details under wraps until SEBI's nod.

Also Read: Tata Capital’s $2-Billion IPO Nears SEBI Green Light, Final Nod Likely Soon

Stock Market Live: Technvision Ventures Launches Solix ECS AI

In a recent exchange filing, Technvision Ventures announced that Solix has launched Solix ECS AI, an advanced solution designed to enhance its Enterprise Content Services platform. This new AI-driven feature aims to improve the efficiency and capabilities of their content management services

Stock Market Today: Aegis Logistics' Arm Commissions LPG Terminal In Mangalore 

In a recent exchange filing, Aegis Logistics announced that its subsidiary has successfully commissioned a cryogenic liquified petroleum gas terminal in Mangalore.

Stock Market Live: Anupam Rasyan Gets Supply Order For Electrolyte Salt From Germany

Anupam Rasayan India received a supply order for electrolyte salt from E-Lyte Innovations & Fuchs Lubricants Germany. The company signed a letter of intent in this regard.

India's Economic Rise Mirrors China's Growth 35 Years Ago: Jeffrey Gundlach

Invest in India, says DoubleLine Capital founder Jeffrey Gundlach, as he shared his thoughts with Bloomberg on how to approach investing during a time of global restructuring.

According to Gundlach, the key to navigating periods of economic transition is to focus on long-term themes. One of the most "bankable" themes, he argued, is India, calling it a play with "great success in 30 years."

Read the full article here.

CE Info Shares Decline Over 8% After Block Deals

CE Info Systems Ltd.'s shares slumped more than 8% amid high volumes, after two block deals worth Rs 52.55 crore on the NSE. The number of shares traded amounted to a total of 27.94 lakh.

Also Read: CE Info Shares Decline Over 8% After Block Deals

Stock Market Live: Tanla Platform Share Price Hits Nearly Five-Month High

Shares of Tanla Platforms Ltd. rose nearly 13% on Thursday as the board will meet on June 16 to consider share buyback of equity shares of the firm.

The trading window for dealing in the company's securities will remain closed for all the insiders involved in the buyback project from June 11 to June 18, according to an exchange filing on Wednesday.

Also Read: Tanla Platform Share Price Hits Nearly Five-Month High As Board To Consider Buyback Proposal On June 16

Stock Market Live: Shakti Pumps Gets Work Order Worth Rs 115 Crore 

Shakti Pumps (India) received work order of Rs 115 crore from Maharashtra Energy Department Agency, the company said in the exchange filing.

Stock Market Live: Adani Ports, Adani Enterprises, Other Group Stocks Rise As Group CFO Unveils $100-Billion Capex Plan

Adani Group stocks were trading mixed on Thursday, with Adani Ports and Special Economic Zone Ltd. and Adani Enterprises Ltd. leading the winners. The Gautam Adani-led conglomerate is preparing an ambitious $100 billion capital expenditure plan to be executed over the next six years, marking the largest capex plan by any private group in India, according to Jugshinder (Robbie) Singh, the group chief financial officer of Adani Group.

Read the full article here.

Stock Market Live Update: Wipro Promoter Increases Stakes 

In a recent exchange filing, Wipro India Ltd. announced that its promoter, Prazim Trading & Investment Co, has increased its stake in the company from 1.62% to 1.85%.

Stock Market Live: Paytm Share Price Falls 10% At Open 

One 97 Communication Ltd. share price declined 10% to Rs 864.4 apiece, the lowest level since May 29. It pared losses to trade 9.25% down at Rs 870 as of 9:32 a.m., as compared to 0.17% advance in the NSE Nifty 50 index.

Stock Market Live: Advait Energy Hits 20% Upper Circuit At Open 

Advait Energy Transition Ltd. share price hit a 20% upper circuit at open as Ace investor Vijay Kedia on Wednesday picked up a small stake in the company via open market purchases.

Advait Energy Transition share price rose to Rs 1,996.00 apiece, the highest level since Sep 3, 2024. It came out of the upper circuit to trade 14.83% higher at Rs 1,909.80 apiece.

Sectoral Performance At Open: Nifty Pharma Leads Gains

On NSE, seven sectoral indices advanced, six declined, and two remained flat out of 15. The NSE Nifty Pharma rose the most, and the NSE Nifty IT declined the most.

Nifty Contributors: Airtel, RIL, ONGC Limit Losses At Open

Bharti Airtel Ltd., Reliance Industries Ltd., Oil and Natural Gas Corp Ltd., Asian Paints Ltd., and Sun Pharmaceutical Industries Ltd. added to the Nifty 50 index.

Infosys Ltd., HDFC Bank Ltd., Eternal Ltd., HCLTech Ltd., and Tata Consultancy Services Ltd. weighed on the Nifty 50 index.

Market Open: Nifty, Sensex Fall After Muted Open As Infosys, HDFC Bank Shares Weigh

The NSE Nifty 50 and BSE Sensex opened slightly lower as Infosys Ltd. and HDFC Bank Ltd. shares weighed. The indices recouped losses shortly to trade 0.04% and 0.03% higher, respectively.

Stock Market Live: What's Behind The NSE And BSE Option Premium Turnover Fall?

In recent days, there has been considerable discussion in the market about the noticeable decline in premium turnover in the options segment. This concern gained traction after the BSE’s weekly options expiry on Tuesday, June 10, saw premium turnover drop by nearly 50% over the previous week's premium turnover. Interestingly, this trend isn’t confined to BSE alone; the NSE has also experienced a similar decline in premium turnover since June 9

Read the full article here.

Stock Market Today: Nifty, Sensex Rise At Pre-Open

At pre-open, the NSE Nifty 50 was trading 0.12% higher at 25,164.45, and the BSE Sensex was trading 0.07% higher at 82,571.35.

Yield On The 10-Year Bond Opens Lower

  • The 10-year bond yield opened 3 bps lower at 6.34%

  • It closed at 6.37% on Wednesday

Source: Bloomberg

Rupee Opens Stronger Against US Dollar

  • Rupee strengthened 9 paise to open at 85.43 against US dollar

  • It closed at 85.52 a dollar on Wednesday

Source: Bloomberg

Stock Market Today: Morgan Stanley On India Property

  • BSE Realty Index up 20% in past month reflects improved liquidity and sentiment

  • Rate cut translates into lower loan EMIs, directly improving affordability

  • Expect new entrants at the lower to upgrade in medium to premium segments

  • Developers remain confident on residential market volume growth and price outlook

  • Interest in mid-cap developers and REITs has grown

  • Rate cuts in this cycle resulted in outperformance on better balance sheet and fewer uncertainties

Stock Market Live: Goldman Sachs on Varun Beverages

  • April-June quarter accounts for 40% of standalone revenue

  • Per media reports, non-seasonal rains in May led to adverse impact on sales of summer products

  • Expect VBL, Dabur, TCPL to register lower sales growth in beverages

  • April-June quarter to see one-off weather related impact

  • Do not see this impact on sales related to market share loss due to increased competition

  • Competitive intensity has been unchanged in the last 3-4 quarters

Stock Market Today: Citi Research On HCL Technologies

  • Remains Neutral with a target price of Rs.1,510

  • Discretionary spend is subdued

  • BFSI/telecom/tech are doing better for Co.

  • While consumer and manufacturing sees headwind

  • Margins are likely to be stable near term

  • Co. continues to execute well in a tough environment

  • Q1FY26 to be in line with past performance

  • Co. expects ER&D performance to be better than last year

  • Continue to prefer HCLT along with Infosys over other large caps in Indian IT

Stock Market Live: Macqaurie On United Spirits

  • Maintain underperform with price target of Rs 1,250 which implied a 21% downside

  • Consumer price hike likely at 15%+ levels

  • Sharp price hike likely to impact as users lower consumption/consider alternatives

  • Historically, sharp hikes impact volumes and tax collections negatively

  • Maharashtra accounts for 15% of sales

  • Assuming 30% volume impact, implies 5% sales hit

Asia Market Update: Trade Mixed; Hang Seng Falls Nearly 1%

Markets across Asia-Pacific were trading on a mixed note Thursday morning. US President Donald Trump said that he will enforce the unilateral tariff rates within two weeks, and will send letters to trading partners which raised tensions.

The Nikkei 225 and Hang Seng were trading 0.75% and 0.78% as of 7:29 a.m. The S&P ASX 200 and KOSPI were trading 0.25% and 0.48% higher, respectively as of 7:30 a.m.

Also Read: US Stocks Rise As Soft Inflation Sinks Bond Yields: Markets Wrap

US Market Update: S&P 500 Halts Rally As Tech Stocks Weigh

The S&P 500 halted a three-day rally on Wednesday as technology stocks declined. Nasdaq Composite ended lower, while the Dow Jones ended flat as traders assessed the situation between US and China.

A smaller-than-expected rise in US consumer inflation May eased some tension regarding tariff impacting prices in the world's largest economy.

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

GIFT Nifty Implies Lower Open; Cyient, Nazara Tech, Railtel Shares In Focus

The Gift Nifty was trading 0.08% or 20 points down at 25,195.00 as of 6:32 a.m., as compared to 0.15% advance in the NSE Nifty 50 index.

Investors will keep an eye on Cyient Ltd., Nazara Technologies Ltd., Railtel Corp of India, and Zydus Lifesciences Ltd.

The benchmark equity indices closed higher on Wednesday, resuming advances after a one-day blip on Tuesday.

The NSE Nifty 50 ended 37 points, or 0.15% higher at 25,141, while the BSE Sensex closed 123 points, or 0.15% up at 82,515.

Also Read: Stock Market Highlights: Nifty, Sensex End Little Changed After Tuesday's Decline

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WRITTEN BY
Ananya Chaudhuri
Ananya Chaudhuri covers financial markets news and trends at NDTV Profit. S... more
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