Stock Market News Today Live Updates: GIFT Nifty Points To Positive Open For Nifty, Sensex; Brent Crude Gains Above $78 A Barrel
The GIFT Nifty, an early indicator of Nifty 50's performance, traded at24,183, compared to Monday's index close of 24,102.90.
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The GIFT Nifty, an early indicator of Nifty 50's performance, traded at 24,183. On Monday, 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, oil prices edged higher in early trade as investors tracked uncertainty over US-Iran negotiations. Brent crude futures for August rose 0.36% to $78.18 a barrel, while US West Texas Intermediate crude for August gained 0.45% to $74.19 a barrel.
Elsewhere, Asian markets moved lower on Tuesday as investors tracked US-Iran negotiations and higher oil prices. South Korea's Kospi fell 1.50%, while Japan's Nikkei 225 declined 0.59%. Australia's ASX 200 was marginally higher, up 0.05%.
Stock Market Live: Macquarie Says India’s Oil Inflation And Fiscal Risks Are Manageable
- Macquarie said inflation and fiscal risks from higher oil prices appear manageable, with India’s current account deficit expected at 2.0–2.2% of GDP.
- The brokerage said the government remains committed to its 4.3% fiscal deficit target. It said macro risks have shifted from external shocks to domestic weather-related risks, which could affect consumption trends.
Stock Market Live: Jefferies Says NBFC Sector Outlook Is Improving
- Jefferies said the outlook for NBFCs is improving as West Asia tensions ease, with growth and collections tracking ahead of last year.
- The brokerage said softer bond yields are expected to support net interest margins. It prefers Bajaj Finance, AB Capital, Chola Finance and Shriram Finance, while weak monsoon and El Niño remain key risks.
Stock Market Live: Citi Expects Cement Utilisation To Dip In FY27
- Citi expects cement industry utilisation to fall to around 66% in FY27 and EBITDA per tonne to decline year-on-year.
- The brokerage expects profitability to improve in FY28. It estimates 165 MT of new capacity addition during FY25–29 and said consolidation may remain limited despite ongoing expansion.
Stock Market Live: Jefferies Raises Emcure Pharma Target Price To Rs 2,100
- Jefferies maintained its Buy rating on Emcure Pharma and raised the target price to Rs 2,100 from Rs 1,970.
- The brokerage expects low- to mid-teen revenue growth and 75–100 basis points EBITDA margin expansion in FY27. It raised EPS estimates by 1–5% and projected about 20% EPS CAGR over FY26–29.
Stock Market Live: Jefferies Initiates GE Vernova With Hold Rating
- Jefferies initiated coverage on GE Vernova with a Hold rating and a target price of Rs 6,000.
- The brokerage said absence of large parent orders in FY26 could limit gross margin expansion in FY28 and FY29. It valued the company at 65 times FY28 earnings and said upside appears limited at current valuations.
Stock Market Live: Citi Initiates Coverage On Meesho With Buy Rating
- Citi initiated coverage on Meesho with a Buy rating and a target price of Rs 210.
- The brokerage said Meesho operates as a technology-led value e-commerce platform, with a marketplace-only model that lowers seller costs and supports affordable product offerings. Citi said the company is positioned to serve a large underserved customer base.
Stock Market Live: Advit Jewels IPO To Open On June 23
- Advit Jewels will open its IPO on June 23 and close the issue on June 25. The Jaipur-based jewellery company has set a price band of Rs 130–138 per share, with a lot size of 100 shares.
- The Rs 165 crore issue is entirely a fresh issue. The shares are scheduled to list on July 1.
Stock Market Live: Waterways Leisure Tourism IPO To Open On June 23
- Waterways Leisure Tourism will open its IPO on June 23 and close the issue on June 25. The company has set a price band of Rs 769–808 per share, with a lot size of 18 shares.
- The Rs 585 crore issue is entirely a fresh issue. The shares are scheduled to list on July 1.
Stock Market Live: JSW Infrastructure, BEL, Vodafone Idea Among Stocks In News
- JSW Infrastructure opened its QIP on June 22 to raise funds through a fresh issue of up to 23 crore shares, with the floor price fixed at Rs 290.35 per share. The Sajjan Jindal Family Trust will also sell up to 3.3 crore shares through an OFS.
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Bharat Electronics received additional orders worth Rs 1,081 crore since May 25, while Vodafone Idea’s board approved allotment of 430 crore warrants worth Rs 1,182 crore to Suryaja Investments.
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Info Edge said it has invested Rs 1,003 crore across 54 deeptech and AI startups since 2020. Syrma SGS signed a manufacturing pact with Japan’s Kaga Electronics, while Birla Corporation’s Bikram coal mine in Madhya Pradesh started commercial production.
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Bandhan Bank, IIFL Finance and Knowledge Marine & Ports will consider fundraising proposals this week. Lemon Tree Hotels signed a management licence agreement for an 85-room hotel in Nepal, while Transrail Lighting said Deputy Managing Director Raman Rajagopalan has resigned, effective July 31.
Stock Market Live: Turtlemint IPO Subscribed 52% On Day 2
Turtlemint Fintech Solutions’ public issue was subscribed 52% on the second day of bidding.
Qualified institutional investors led the demand with 73% subscription, followed by retail investors at 61% and non-institutional investors at 5%.
Stock Market Live: Trump Says Strait Of Hormuz Is Open As Iran Talks Continue
- US President Donald Trump said the Strait of Hormuz is open and that negotiations with Iran are continuing.
- Trump said a lot of oil is moving out of the Strait and that Iranian frozen funds will be used to buy US agriculture and food for its people. He also said the US could restart a blockade quickly if needed.
Stock Market Live: Vance Says US, Iran Made Progress On Hormuz Mechanism
- US Vice President JD Vance said talks with Iran had made progress and that a mechanism had been set up to ensure the Strait of Hormuz stays open.
- Vance said about 15 million barrels of oil had moved out of Hormuz and that talks would continue at the technical level. He said Iranian funds would not be unfrozen without progress.
Stock Market Live: Iran Says Frozen Funds Need Not Be Used Only For Essential Goods
- Iran’s central bank governor Abdolnaser Hemmati said Tehran is under no obligation to buy agricultural inputs from the US under the current memorandum of understanding, Tasnim reported.
- Hemmati said remaining frozen funds may be used to buy other non-sanctioned goods and not only essential goods, according to the report.
Stock Market Live: Nvidia Unveils Cooling System To Cut Water Use In Data Centres
- Nvidia introduced a warm-water cooling system that uses a closed-loop coolant process to reduce water consumption inside data centres.
- The system can lower on-site water use and remove the need for fans or chillers. The overall water footprint of data centres remains linked to electricity generation and chip manufacturing, especially where fossil fuels are used.
Stock Market Live: Oil Prices Edge Higher As US-Iran Talks Stay In Focus
- Oil prices edged higher in early trade as investors tracked uncertainty over US-Iran negotiations.
- Brent crude futures for August rose 0.36% to $78.18 a barrel, while US West Texas Intermediate crude for August gained 0.45% to $74.19 a barrel.
Stock Market Live: GIFT Nifty Points To Higher Start For Nifty
- GIFT Nifty traded at 24,183, compared with Monday’s Nifty 50 close of 24,102.90.
- The level indicated early gains for the benchmark index.
Stock Market Live: Asian Markets Trade Lower As Oil Prices Rise
- Asian markets moved lower on Tuesday as investors tracked US-Iran negotiations and higher oil prices.
- South Korea’s Kospi fell 1.50%, while Japan’s Nikkei 225 declined 0.59%. Australia’s ASX 200 was marginally higher, up 0.05%.
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