Stock Market Highlights: Nifty, Sensex Resume Gains After A Blip On Friday; RIL, HDFC Bank Top Gainers
Nifty 50 ended 89.80 points, or 0.37%, higher at 24,102.90, while the Sensex gained 291.17 points, or 0.38%, to close at 77,094.07.
9 hours ago
Indian equity benchmarks resumed gains after a blip in Friday's trade. Nifty 50 ended 89.80 points, or 0.37%, higher at 24,102.90, while the Sensex gained 291.17 points, or 0.38%, to close at 77,094.07. Reliance Industries and HDFC Bank were among the top contributors to the benchmark gains.
Meanwhile, Brent crude futures reversed early gains on Monday after Qatar and Pakistan said US and Iranian officials had agreed on a roadmap to work towards a final deal within 60 days. Brent crude futures for August fell 0.38% to $80.26 a barrel after rising earlier in Asian trade.
Elsewhere, Asia-Pacific markets opened mixed on Monday as crude oil prices rose amid uncertainty over the Middle East conflict and continuing US-Iran talks in Switzerland. Japan's Nikkei 225 rose 2%, while South Korea's Kospi gained 1.6%. Topix advanced 1.28%, Australia's S&P/ASX 200 was marginally higher, while Kosdaq, Hang Seng futures and Shanghai traded lower.
Stock Market Live: Nifty, Sensex Resume Gains After Friday’s Blip
- Nifty 50 ended 89.80 points, or 0.37%, higher at 24,102.90, while the Sensex gained 291.17 points, or 0.38%, to close at 77,094.07.
- Reliance Industries and HDFC Bank were among the top contributors to the benchmark gains.
Stock Market Live: Bajaj Finance Sees 1.38 Million Shares Change Hands In Block Trade
Bajaj Finance saw 1.38 million shares change hands in a block trade, according to the latest market data.
Stock Market Live: Novelis Books $90 Million Insurance Recovery From Oswego Fires
- Hindalco-owned Novelis recognised $90 million in insurance recoveries as of FY26 from two fires at its Oswego plant in 2025, against an estimated $1.7 billion free cash flow impact before insurance.
- Novelis expects insurers to reimburse 70–75% of the cash flow and adjusted EBITDA impact from the incidents. The company said most insurance proceeds are yet to be received and cautioned that claims may face delays, disputes or lower recoveries due to policy conditions.
Stock Market Live: Monsoon Set To Advance Further Over Maharashtra, Telangana
- Conditions are favourable for the southwest monsoon to advance into more parts of Maharashtra, including Mumbai, and the remaining parts of Telangana and Odisha over the next 48 hours.
- Heavy to very heavy rainfall is likely over northeast India and Sub-Himalayan West Bengal and Sikkim during the week. Heat wave conditions are likely over Vidarbha, East Uttar Pradesh and East Madhya Pradesh for the next 4–5 days, and over Chhattisgarh for the next two days.
Stock Market Live: India, UAE Hold Talks On BrahMos, Akashteer Defence Deals
- India and the UAE are in early-stage talks on defence deals involving BrahMos and Akashteer, according to media reports.
- BrahMos is jointly developed by India and Russia, while Akashteer is an automated air defence system developed by BEL and the Indian Army. Stocks in focus include HAL, Data Patterns, Solar Industries, Paras Defence, Goodluck India, Premier Explosives, BEL and BDL.
Stock Market Live: Pakistan PM Says US-Iran Talks Made Progress
- Pakistan Prime Minister Shehbaz Sharif’s office said US-Iran talks had made encouraging progress, according to a statement.
- The comment follows mediation efforts involving Pakistan and Qatar aimed at advancing discussions between the US and Iran.
Stock Market Live: UK Prime Minister Keir Starmer Resigns
- UK Prime Minister Keir Starmer said he will resign and remain in office until the Labour leadership contest is completed.
- Starmer said nominations for Labour leader will open on July 9 and a new leader will be in place by September. He said he will give his successor unequivocal support.
Stock Market Live: Asian Markets End Mixed; Shanghai, Nikkei Gain
Most Asian indices ended higher on Monday, while Hong Kong and Australia closed lower.
Shanghai rose 1.78% to 4,163.097, while Nikkei 225 gained 1.55% to 72,353.96. South Korea’s Kospi advanced 0.69% to 9,114.55. Hong Kong’s Hang Seng fell 0.65% to 23,768.52, while Australia’s ASX 200 slipped 0.14% to 8,816.10.
Stock Market Live: Ambuja Cements Partners Leilac For Low-Carbon Cement Project
- Ambuja Cements has partnered with UK-based Leilac to develop a commercial-scale low-carbon cement production project at its Sanghipuram plant in Gujarat’s Kutch district, PTI reported.
- The project will evaluate Leilac’s carbon capture and hybrid electrification technology at the 6.6 MTPA Sanghi plant. Ambuja said the project aims to reduce emissions, lower fuel use and increase renewable electricity use in cement manufacturing.
Stock Market Live: Government Denies Reports Of Cochin Shipyard OFS
- A Finance Ministry official denied reports of an offer for sale in Cochin Shipyard.
- The official said no stake sale in Cochin Shipyard is planned at present.
Stock Market Live: South Korea Weighs Curbs On Leveraged Samsung, SK Hynix ETFs: Report
- South Korean authorities are considering steps to limit risks from leveraged single-stock ETFs linked to Samsung Electronics and SK Hynix, Bloomberg reported.
- Financial Supervisory Service Governor Lee Chan-jin said officials may strengthen monitoring of trading patterns and consider other stabilisation measures. The review follows concern that sharp swings in such ETFs could affect retail investors.
Stock Market Live: US Notifies $482 Million Support Services Sale For India’s Apache, M777 Systems
- The US has notified the proposed sale of sustainment support services and related equipment for India’s Apache helicopters and M777A2 Ultra-Light Howitzers at an estimated cost of $482.2 million, PTI reported.
- The package includes $230 million in support for M777A2 howitzers and $198.2 million for AH-64E Apache services. Boeing, Lockheed Martin and BAE Systems are listed as principal contractors for the programmes.
Stock Market Live: Zota Healthcare Says Generic Awareness Has Increased
- Zota Healthcare’s Himanshu Zota told NDTV Profit that awareness around generic medicines has increased over the last two years.
- He said the company was cash negative by nearly Rs 45 crore last year, while same-store sales growth has been good. Zota said the company opened nearly 800 stores last year and expects EBITDA margin of 20-25% by FY31.
Stock Market Live: Straive Acquires NextGen Invent To Expand Data And AI Capabilities
- Straive has acquired NextGen Invent, an AI engineering and enterprise services provider, PTI reported.
- NextGen Invent has offices in New York and Noida and works with clients across sectors including life sciences and manufacturing. Straive said the acquisition will help it build and scale AI solutions for enterprise workflows.
Stock Market Live: Som Distilleries Says Bhopal Plant Licence Reply Rejected
- Som Distilleries’ JK Arora told NDTV Profit that the company had submitted a reply on the Bhopal plant licence issue, but it was rejected.
- Arora said the Bhopal plant is a major unit for the company and sales have been affected for three months. He said the company may lose nearly 20% of topline this year and hopes to get the licence renewed.
Stock Market Live: Aditya Birla Sun Life AMC’s Harish Krishnan Prefers Midcaps And Smallcaps
Harish Krishnan of Aditya Birla Sun Life AMC told NDTV Profit that he is positively biased towards equities and prefers midcaps and smallcaps. He said the fund has 40% exposure to midcap and smallcap stocks.
Krishnan said AI implementation can reduce incremental costs and optimise customer journeys. He said value retail, midcap consumer discretionary and midcap chemical stocks look favourable, while raw material availability remains a concern due to the war.
Stock Market Live: DoT Issues Draft Spectrum Rules For Satellite Services
- The Department of Telecommunications released draft rules for spectrum allocation to services that receive spectrum without auctions, including VSAT, DTH, teleports, broadcasting services and BSNL satellite phone services.
- The draft does not cover Starlink, OneWeb and Jio’s satellite broadband services, with no mention of NGSO satellite operators. Stakeholder consultations will remain open for 30 days, while separate rules on spectrum allocation and pricing for satellite internet services are still awaited.
Stock Market Live: Aditya Birla Sun Life AMC’s Harish Krishnan Prefers Midcaps And Smallcaps
- Harish Krishnan of Aditya Birla Sun Life AMC told NDTV Profit that he is positively biased towards equities and prefers midcaps and smallcaps in the market. He said the fund has 40% exposure to midcap and smallcap stocks.
- Krishnan said AI implementation can reduce incremental costs and improve customer journeys. He said value retail, consumer discretionary in midcaps and some chemical stocks look favourable, while raw material availability remains a concern due to the war.
Stock Market Live: No Expiry Effect Yet, But Traders Turn More Constructive
Unlike expiry sessions that often distort positioning, today's setup reflects genuine directional conviction.
The options data suggests:
- Nifty Support: 24,100
- Nifty Resistance: 24,200
- Bank Nifty Support: 57,800
- Bank Nifty Resistance: 58,000
- Positional Bank Nifty Floor: 57,000
With no expiry-led adjustments in play, the migration of Nifty support from 24,000 to 24,100 indicates that traders have turned incrementally more constructive, even as headline indices remain below their levels seen since the previous expiry.
Stock Market Live: Nykaa, Cummins India Witness Fresh Selling Pressure
Fresh short build-up was also visible in:
- Nykaa
- Cummins India
- Dixon Technologies
- Adani Ports
- Union Bank
- Motherson
The trend suggests traders remain cautious on select pockets of the market.
Stock Market Live: Aurobindo Pharma Leads Fresh Shorts
- Aurobindo Pharma topped the fresh shorts category, with prices declining while open interest rose 34.75%.
- The setup reflects aggressive bearish positioning.
Stock Market Live: Infosys Tops Short Covering Activity
Infosys featured prominently in the short-covering list as prices advanced while open interest declined.
The move indicates bearish traders were forced to exit positions.
Other stocks witnessing short covering included:
- M&M
- IOC
- PNB
- Jio Financial Services
- Bank of Baroda
- Persistent Systems
Stock Market Live: Ultratech Cement, Power Grid See Profit Booking
Other counters witnessing long unwinding included:
- Ultratech Cement
- Power Grid
- Marico
- ABB
- Alkem
- CAMS
The trend suggests profit booking rather than aggressive fresh shorts.
Stock Market Live: Solar Industries Leads Long Unwinding
- Solar Industries topped the liquidation screen, with prices declining alongside a reduction in open interest.
- The setup points towards investors exiting existing long positions.
Stock Market Live: PFC, OFSS And Cipla Feature In Bullish Build-Up
Other stocks witnessing accumulation included:
- PFC
- OFSS
- Cipla
- PNB Housing Finance
- Manappuram Finance
- LIC Housing Finance
The pattern of rising prices and higher open interest suggests bullish positioning.
Stock Market Live: Sonata Software Tops Fresh Long Build-Up
- Sonata Software emerged as the strongest accumulation candidate, with futures open interest rising 126.77%, accompanied by gains in price.
- The setup points towards fresh long creation.
Stock Market Live: PI Industries And TCS Witness Elevated Activity
Among stocks showing sharp increases in total open interest:
- PI Industries: 201.30%
- TCS: 107.49%
- Persistent Systems: 159.67%
- Naukri: 115.12%
The build-up highlights active participation across select large-cap names.
Stock Market Live: Wipro's Derivative Build-Up Intensifies
- Wipro saw total open interest rise 227.53%, despite the stock falling 27.68% since the previous expiry.
- The divergence suggests continued speculative activity and elevated trader interest.
Stock Market Live: Nifty Fin Service Sees Explosive OI Growth
- Nifty Fin Service registered a 935.20% jump in total open interest since the previous expiry.
- It remains the standout performer in terms of derivative participation growth.
Stock Market Live: Tech Mahindra, Coforge Lead Gains In Nifty IT
- Tech Mahindra rose 1.26% and Coforge gained 1.22%, leading gains among Nifty IT constituents.
- Infosys advanced 0.96%, Oracle Financial Services Software gained 0.94% and Persistent Systems rose 0.87%, according to NSE data.
Stock Market Live: Bank Nifty Open Interest Crosses 15.5 Lakh Contracts
- Bank Nifty's total open interest has jumped 124.72% since the previous expiry, reaching 15.57 lakh contracts, even as the index has slipped 0.68%.
- The build-up suggests sustained interest in banking derivatives.
Stock Market Live: Nifty Derivatives Participation Picks Up Since Last Expiry
- Nifty has declined 6.88% since the previous expiry, while total derivative open interest has surged 164.02% to 1.26 crore contracts.
- The rise in participation despite the decline points to aggressive positioning by market participants.
Stock Market Live: Bank Nifty Range Shifts Higher To 57,800–58,000
Open interest distribution highlights:
- Highest Call OI: 58,000 strike
- Highest Put OI: 57,000 strike
- Fresh Put additions: 57,800 strike
While positional support remains at 57,000, the latest flows suggest the near-term range has moved up to 57,800–58,000.
Stock Market Live: Nifty Mid Select Continues To Outperform
- Nifty Mid Select rose 9.47%, accompanied by a 196.96% increase in total open interest.
- The combination reflects continued appetite for mid-cap exposure.
Stock Market Live: Nifty Put Writers Shift Support To 24,100
- Fresh Put additions were concentrated at the 24,100 strike, where traders added more than 20 lakh contracts, making it the strongest support zone of the current weekly series.
- Additional Put writing was visible at 24,000 and 24,200, indicating confidence that the index could hold above the 24,000 mark.
Stock Market Live: Bank Nifty Put Writers Continue To Back 57,800
- Fresh Put additions remained concentrated at the 57,800 strike, followed by 57,900 and 57,700.
- The data indicates traders are willing to defend declines towards the 57,800 zone.
Stock Market Live: Bank Nifty Call Writers Defend 58,000
- Fresh Call additions in Bank Nifty were strongest at the 58,000 strike, where over 3.8 lakh contracts were added.
- Further Call writing was seen at 57,800 and 57,900, reinforcing the resistance zone.
Stock Market Live: Nifty Needs A Decisive Move Above 24,200
- The highest Call OI concentration at 24,200 implies that a sustained move above this level could force Call writers to unwind positions.
- Such a development could pave the way for a move towards 24,300–24,500.
Stock Market Live: 24,000 Emerges As Secondary Cushion For Nifty
- Despite the shift higher in support, the 24,000 strike continues to witness sizeable Put OI, suggesting that any deeper correction towards this level could attract buying support.
- A break below 24,000 could trigger a reassessment of bullish positions.
Stock Market Live: Nifty Enters A Narrow 24,100–24,200 Battleground
Open interest distribution shows:
-
Highest Put OI: 24,100 strike
-
Highest Call OI: 24,200 strike
-
Significant Call OI: 24,100 strike
This indicates a narrower trading range, with traders expecting Nifty to oscillate between 24,100 and 24,200.
Stock Market Live: Blue Cloud Softech Jumps 19% After AI Pact Update
- Blue Cloud Softech shares rose 18.99% to Rs 21.49 after the company said it is exploring a potential AI deal with SpaceX International.
- The stock touched an intraday high of Rs 21.50 and a low of Rs 18.50.
Stock Market Live: Blue Cloud Softech Says It Is Exploring AI Pact With SpaceX
- Blue Cloud Softech said it is exploring a potential AI deal with SpaceX International, according to an exchange filing.
- The company said it is considering possible areas for a pact and has only established a framework at this stage.
Stock Market Live: Nifty Call Writers Build Fresh Resistance At 24,100–24,200
- Call writers were active at 24,100, followed by 24,200 and 24,300 strikes.
- The sharp Call additions suggest that traders expect the upside to remain capped near the 24,100–24,200 zone, making it the immediate hurdle for the index.
Stock Market Live: Aavas Financiers Refutes Media Reports On Loan Discrepancies
- Aavas Financiers said media reports citing discrepancies in its loans and a purported refinancing reversal from NHB were misleading and malicious.
- The company said the reports did not accurately reflect its engagement with NHB, according to an exchange filing.
Stock Market Live: New India Assurance Rises Over 4% In Early Trade
- New India Assurance Co. rose 4.60% in early trade to Rs 211.61.
- The stock touched an intraday high of Rs 215.59 and a low of Rs 205.50, according to the chart.
Stock Market Live: Kirloskar Oil Engines Rises 14% After Data Centre Order
- Kirloskar Oil Engines rose 14.27% to Rs 2,275.70 after the company secured a 192 MW data centre order from HyperNext.
- The order covers 96 units of Optiprime power systems and will support the company’s presence in digital infrastructure.
Stock Market Live: Nifty IT Leads Sectoral Gains, All NSE Indices Trade Higher
- All NSE sectoral indices traded higher, with Nifty IT rising the most at 1.09%. Nifty Oil and Gas gained 0.75%, while Nifty India Defence rose 0.67%.
- Nifty Financial Services, Metal and Media gained between 0.42% and 0.46%. Nifty FMCG and Nifty PSU Bank were the lowest gainers, up 0.17% each, according to NSE data.
Stock Market Live: Nifty Tops 24,100, Sensex Rises 400 Points
Nifty rose as much as 0.5% to 24,133.70 in early trade, while the Sensex gained as much as 0.6%, or 421 points, to 77,223.78.
Stock Market Live: Nifty, Sensex Rise In Pre-Open Trade
- Nifty 50 rose 0.41% in pre-open trade to 24,111, while the Sensex gained 0.44% to 77,140.86.
- The Nifty added 97.90 points and the Sensex advanced 337.96 points in early indications.
Stock Market Live: Rupee Opens Lower Against US Dollar
The rupee opened lower on Monday and depreciated as much as 12 paise to 84.34 against the US dollar.
Stock Market Live: Brokerages Raise OMC Targets As Fuel Margins Recover
- Kotak Securities upgraded IOCL, BPCL and HPCL to Reduce from Sell. It raised IOCL’s target price to Rs 150 from Rs 120, BPCL’s to Rs 320 from Rs 245 and HPCL’s to Rs 400 from Rs 275.
- JPMorgan said petrol and diesel margins for OMCs have moved back above pre-conflict levels. It said Q1FY27 earnings may be hit by inventory losses, while Q2 profitability should improve.
- Kotak Securities cut its FY27 Brent assumption to $85 per barrel from $95 per barrel and said OMCs are unlikely to report losses in FY27. JPMorgan said LPG losses remain high but may move lower with oil prices, while debt build-up and any future excise duty increase remain key factors for valuations.
Stock Market Live: Morgan Stanley Says Xiaomi Entry In Home Appliances Needs Tracking
- Morgan Stanley said Xiaomi’s entry into home appliances needs monitoring as India’s FMEG market has several brands, consumer segments and price points.
- The brokerage said building scale in the traditional general trade channel would need sustained effort and a differentiated strategy. It expects commodity-led margin pressure for domestic players in the near term and competitive intensity over the medium term.
Stock Market Live: Morgan Stanley Says India Is Entering Earnings Cycle
- Morgan Stanley’s Ridham Desai said India is entering an earnings cycle that could reverse trailing underperformance in medium-term stock market returns.
- The brokerage said earnings could compound by more than 15% over the next five years. It listed financials, consumption, industrials and IT services among its preferred sectors.
Stock Market Live: KSH International Lock-In Period Ends For 1 Million Shares
- KSH International’s six-month lock-in period ends on June 22 for 1 million shares, according to the update.
- The shares are valued at $8 million and account for 1% of the company’s total outstanding equity.
Stock Market Live: Nomura Raises Dr Reddy’s Target Price To Rs 1,740
- Nomura maintained its Buy rating on Dr Reddy’s Laboratories and raised the target price to Rs 1,740 from Rs 1,600.
- The brokerage said Dr Reddy’s shift towards branded businesses could support profit margins and earnings growth. It also said a potential launch of biosimilar Abatacept could add upside to FY28 and FY29 estimates.
Stock Market Live: Brokerages Track Amber Enterprises After Oppo Deal
- CLSA maintained its Outperform rating on Amber Enterprises with a target price of Rs 8,100, while JPMorgan kept a Neutral rating with a target price of Rs 7,650.
- Kotak Securities maintained its Buy rating and raised the target price to Rs 8,710 from Rs 8,150. The brokerages cited Amber’s Oppo partnership, mobile manufacturing structure and plans for component manufacturing as key points in their reports.
Stock Market Live: RVNL, Sun Pharma, Tata Motors CV Among Stocks In News
-
RVNL received a Rs 2,977 crore order from NMDC, while Power Mech won a Rs 1,008.9 crore order from JSW Thermal Energy and Bharat Forge signed a Rs 425 crore contract with the Defence Ministry.
-
Sun Pharma will acquire Innovcare Lifesciences for Rs 271.2 crore. Lloyds Enterprises will buy a 17.98% stake in Steel Infra Solutions for Rs 1,073 crore, while Amber Enterprises’ unit Il Jin Electronics will acquire a 37.5% stake in Ascent for Rs 328 crore.
-
Tata Motors CV received orders for 3,400 electric commercial vehicles. Avenue Supermarts opened one store in Gandhinagar, taking its total store count to 501, while Voltas crossed 1 million AC sales in FY27 in 81 days.
Stock Market Live: Brent Crude Turns Negative After US-Iran Deal Roadmap
- Brent crude futures reversed early gains on Monday after Qatar and Pakistan said US and Iranian officials had agreed on a roadmap to work towards a final deal within 60 days.
- Brent crude futures for August fell 0.38% to $80.26 a barrel after rising earlier in Asian trade.
Stock Market Live: US, Iran Agree On Roadmap For Final Deal Within 60 Days
- The US and Iran made progress in Switzerland on Monday towards a final deal within 60 days, according to a joint statement by mediators Qatar and Pakistan.
- The parties agreed to set up a High Level Committee to oversee mediation and create working groups on nuclear, sanctions and dispute resolution. They also agreed to establish a de-confliction cell involving the US, Iran and Lebanon to end hostilities in Lebanon.
Stock Market Live: Iran Says Mediation Has Made Progress On Lebanon War
- Iran’s Foreign Minister Abbas Araghchi said on X that Pakistani and Qatari mediation had made progress towards ending the Lebanon war.
- He said oil and petrochemical exports had been waived, a blockade lifted, some frozen assets released and a reconstruction and development plan launched for Iran. He added that the first test would be the Lebanon deconfliction cell.
Stock Market Live: Asia-Pacific Markets Open Mixed As Crude Oil Prices Rise
- Asia-Pacific markets opened mixed on Monday as crude oil prices rose amid uncertainty over the Middle East conflict and continuing US-Iran talks in Switzerland.
- Japan’s Nikkei 225 rose 2%, while South Korea’s Kospi gained 1.6%. Topix advanced 1.28%, Australia’s S&P/ASX 200 was marginally higher, while Kosdaq, Hang Seng futures and Shanghai traded lower.
Stock Market Live: Oil Prices Rise As Trump Threatens Fresh Action Against Iran
- Oil prices rose on Monday after US President Donald Trump threatened renewed military action against Iran, while US and Iranian officials held talks in Switzerland under an interim peace agreement.
- Brent crude futures for August rose 1.23% to $81.56 a barrel. US West Texas Intermediate futures for July gained 3.04% to $78.93 per barrel after Iran said it had again closed the Strait of Hormuz.
Stock Market Live: GIFT Nifty Points To Positive Start For Nifty 50
- GIFT Nifty, an early indicator of the Nifty 50’s performance, traded at 24,157.50 in early trade.
- The contract was 144.40 points above Friday’s Nifty 50 close of 24,013.10.
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