Stock Market News Today LIVE Updates: Nifty Above 24,300, Sensex Gains Over 200 Points; HDFC Bank, ICICI Bank Top Gainers
Axis Bank rose 1.86%, while HDFC Bank gained 1.76% and AU Small Finance Bank advanced 1.24%, according to NSE data.
Hello and welcome to our live coverage on stock markets.
Indian equity benchmarks extended gains for the fourth consecutive trading session. The NSE Nifty 50 rose as much as 0.3% to 24,332. The BSE Sensex rose as much as 0.3% or 208 points to 77,972.61.
Meanwhile, Oil prices extended losses as improving crude flows through the Strait of Hormuz and OPEC+'s decision to raise production targets increased expectations of higher global supply. Brent crude slipped below $72 a barrel, while West Texas Intermediate traded near $68. Tanker traffic through the Strait of Hormuz has been normalising after several vessels resumed journeys through the waterway.
Elsewhere, Asian markets traded mixed on Monday as investors awaited minutes from the US Federal Reserve's June policy meeting. South Korea's Kospi rose 1.08%, while Japan's Nikkei 225 slipped 0.25% and Australia's ASX 200 edged 0.08% lower. Investors are tracking lower oil prices, currency moves and the Fed minutes due Wednesday for cues on inflation and interest rates.
Stock Market Live: Nifty Derivative Open Interest Rises 142% Since Previous Expiry
- Nifty has declined 6.02% since the previous expiry, while total derivative open interest has risen 141.62% to 1.15 crore contracts.
- Put open interest has increased 180.97%, compared with a 115.09% rise in Call open interest.
Stock Market Live: Bank Nifty Witnesses Broad OI Unwinding
Both Call and Put writers reduced positions across several strikes.
The biggest Call unwinding was seen at:
- 58,100
- 58,500
- 58,000
Put unwinding was strongest at:
- 58,500
- 58,000
- 57,900
The data suggests traders are reducing exposure ahead of fresh positioning.
Stock Market Live: Bank Nifty Resistance Seen At 59,000
- The 59,000 strike has the highest Call open interest at nearly 13 lakh contracts, while 58,000 remains another major Call base.
- These strikes are likely to cap upside moves.
Stock Market Live: Bank Nifty Put Base Remains At 58,000
- The 58,000 strike continues to hold the highest Put open interest at nearly 13 lakh contracts, making it the strongest support level.
- Additional Put open interest is concentrated at 59,000 and 58,500.
Stock Market Live: Nifty Options Positioning Signals 24,300-24,400 Zone
Current weekly options data shows:
- Highest Put OI: 24,300
- Highest Call OI: 24,400
- Fresh Put additions: 24,200 and 24,400
- Largest Call unwinding: 24,500
The options setup continues to indicate the 24,300-24,400 zone as the immediate trading range.
Stock Market Live: Call Writers Unwind 24,500 Strike
- The biggest reduction in Call open interest was recorded at the 24,500 strike, followed by 24,300.
- Fresh Call additions were seen at 24,400 and 24,600, suggesting resistance is now concentrated around 24,400.
Stock Market Live: Put Writers Exit Deep OTM Strikes
Fresh unwinding in Put open interest was concentrated at lower strikes, with the biggest reductions seen at:
- 23,900
- 23,700
- 23,500
- 23,600
- 23,800
Fresh Put additions were visible only at 24,200 and 24,400, indicating support has shifted higher.
Stock Market Live: Nifty Call Writers Defend 24,400
- The 24,400 strike has the highest Call open interest at around 18 lakh contracts, making it the immediate resistance level.
- Significant Call open interest is also visible at 24,500, 24,600 and 25,000.
Stock Market Live: Nifty Put Writers Shift Key Support To 24,300
- The 24,300 strike holds the highest Put open interest at over 25 lakh contracts, making it the strongest support for the weekly expiry.
- Put open interest also remains high at 24,000, 24,200 and 24,400.
Stock Market Live: Vehicle Registrations Rise 21.83% In June, FADA Says
- Overall vehicle registrations rose 21.83% year-on-year in June to 25,57,234 units, according to FADA.
- FADA said June marked the best-ever June for two-wheelers, three-wheelers, commercial vehicles and passenger vehicles.
Stock Market Live: Bank Of Maharashtra Q1 Business Rises 19%
- Bank of Maharashtra reported 19% year-on-year growth in total business at Rs 6.51 lakh crore as of June 30, according to an exchange filing.
- Deposits rose 13% to Rs 3.44 lakh crore, while global advances grew 27% to Rs 3 lakh crore. Corporate advances increased 21% to Rs 1.11 lakh crore.
- The CASA ratio stood at 49%, compared with 50% a year earlier.
Stock Market Live: Nifty Midcap 100 Trades Flat; Bharat Dynamics, Indus Towers Lead Gains
- Nifty Midcap 100 traded near the flatline at 62,192.10, after touching an intraday high of 62,393.95 and a low of 62,180.50, according to NSE data.
- Bharat Dynamics rose 2.58%, while Indus Towers gained 2.57% and Bharti Hexacom advanced 2.23%. Hitachi Energy and FSN E-Commerce also traded higher.
- KPIT Technologies fell 1.83%, while BSE declined 1.82% and Suzlon Energy slipped 1.60%. M&M Financial Services and Rail Vikas Nigam also traded lower.
Stock Market Live: Coforge, OFSS Lead Gains In Nifty IT
- Coforge rose 0.61%, while Oracle Financial Services Software gained 0.28% and HCL Technologies advanced 0.16%, according to NSE data.
- TCS fell 0.79%, while Tech Mahindra declined 0.52% and Wipro slipped 0.36%. Persistent Systems and Mphasis also traded lower.
Stock Market Live: HDFC Bank, ICICI Bank Lead Nifty Gains
- HDFC Bank was the top contributor to Nifty 50 gains, adding 44.39 points, followed by ICICI Bank at 28.74 points and Axis Bank at 16.25 points.
- Bharti Airtel and BEL added 6.72 points and 6.41 points, respectively. Reliance Industries was the biggest drag, pulling the index down by 7.68 points, followed by TCS, Kotak Mahindra Bank, ITC and Infosys.
Stock Market Live: Defence, Bank Lead Sectoral Gains; IT, Media Decline
- Nifty India Defence rose 1.04%, while Nifty Bank gained 0.60% and Nifty Metal advanced 0.50%, leading sectoral gains, according to NSE data.
- Nifty Financial Services, Realty, Auto, Rural and Energy also traded higher. Nifty IT fell 0.51%, while Nifty Media declined 0.40% and Nifty Oil and Gas slipped 0.18%.
Stock Market Live: Axis Bank, HDFC Bank Lead Gains In Nifty Bank
- Axis Bank rose 1.86%, while HDFC Bank gained 1.76% and AU Small Finance Bank advanced 1.24%, according to NSE data.
- ICICI Bank rose 1.22% and Federal Bank gained 0.61%. Kotak Mahindra Bank fell 2.89%, while Canara Bank and Punjab National Bank slipped 0.05% each.
Stock Market Live: Nifty, Sensex Extend Gains For Fourth Session
- Indian equity benchmarks extended gains for the fourth consecutive trading session.
- The NSE Nifty 50 rose as much as 0.3% to 24,332, while the BSE Sensex gained as much as 0.3%, or 208 points, to 77,972.61.
Stock Market Live: Nifty, Sensex Rise In Pre-Open Trade
- Nifty 50 rose 36 points, or 0.15%, to 24,306.85 in pre-open trade.
- Sensex gained 176.99 points, or 0.23%, to 77,940.90.
Stock Market Live: Rupee Opens Lower Against US Dollar
- The Indian rupee opened lower against the US dollar on Monday.
- The local currency depreciated as much as 5 paise to 95.28 against the greenback.
Stock Market Live: Brokerages Split On Nykaa After Q1 Update
- Citi maintained Sell on Nykaa with a target price of Rs 240. It said beauty and personal care growth remained steady, while fashion growth accelerated.
- Morgan Stanley maintained Overweight with a target price of Rs 321, citing a strong Q1 preliminary update. It said GMV and NSV growth are expected in the early 30% range.
- Both brokerages said fashion growth improved and beauty momentum sustained. Margins remain a key monitorable.
Stock Market Live: Jefferies Initiates Coverage On Kirloskar Oil Engines With Buy Rating
- Jefferies initiated coverage on Kirloskar Oil Engines with a Buy rating and a target price of Rs 2,815.
- The brokerage expects the genset industry to grow at a 16% CAGR during FY26–30 and sees Kirloskar Oil Engines gaining market share.
- Jefferies expects product mix improvement to support margins and projects 22% EPS CAGR during FY26–30. It said data centres could provide further upside.
Stock Market Live: Brokerages Flag Stabilisation Signs At IndusInd Bank
- Citi maintained Sell on IndusInd Bank with a target price of Rs 800. It said loan growth re-accelerated, with improvement in vehicle finance, SME and consumer banking.
- The brokerage said MFI disbursements are likely to outpace repayments, while bulk deposits are being optimised. It expects deposits to contract sequentially and sees gradual reduction in NNPA.
- Morgan Stanley said IndusInd Bank is showing early signs of balance-sheet stabilisation, with deposit momentum improving.
Stock Market Live: Brokerages See HDFC Bank Loan Growth Improving In Q1
- Bernstein maintained Outperform on HDFC Bank with a target price of Rs 1,150. It said CASA deposit growth is improving, though average loan and deposit growth lagged period-end growth.
- Citi removed HDFC Bank from its Pan-Asia Focus List but said medium-term upside remains. It said near-term earnings momentum may soften due to loan growth and NIM recovery, while CEO reappointment remains a key monitorable.
- Morgan Stanley maintained Overweight with a target price of Rs 1,025 and expects the stock to outperform over the next 60 days. It said loan growth picked up meaningfully and valuations remain attractive versus history.
Stock Market Live: Brokerages See Godrej Consumer Q1 Beating Expectations
- Citi maintained Buy on Godrej Consumer with a target price of Rs 1,300, while HSBC retained Buy with a target price of Rs 1,250. Macquarie maintained Outperform with a target price of Rs 1,250.
- Morgan Stanley maintained Equal-weight with a target price of Rs 1,109, while Nomura retained Buy with a target price of Rs 1,300.
- Brokerages said Godrej Consumer’s Q1FY27 update was better than expected, led by India and overseas businesses. They said margin pressure may peak in Q1, while recovery is expected through FY27.
Stock Market Live: Brokerages See Dabur Recovery Continuing After Q1 Update
- Bank of America said Dabur’s business recovery is continuing, with overseas business remaining positive. It said valuation discount to peers and historical levels captures concerns, while improving business performance makes risk-reward favourable.
- Citi maintained Sell on Dabur with a target price of Rs 425, while Macquarie maintained Neutral with a target price of Rs 470. Morgan Stanley retained Underweight with a target price of Rs 425.
- Nomura maintained Buy with a target price of Rs 600, citing return of double-digit growth, sequential business improvement and turnaround expectations under the new CEO.
- Brokerages said Dabur is benefiting from growth in home and personal care and overseas markets. They also flagged the sustainability of recent growth acceleration as a key monitorable.
Stock Market Live: Brokerages Weigh Impact Of Chinese Transformer Exemption
- CLSA said India’s two-year exemption for four Chinese transformer companies may not affect near-term industry volumes, but higher competition could put pressure on pricing and margins.
- Jefferies said import restrictions remain and the demand-supply mismatch continues. It remains constructive on power T&D and sees Hitachi Energy and Siemens Energy as top picks.
- Macquarie said the exemption reflects the government’s effort to ease equipment shortages, but is unlikely to lead to large-scale Chinese imports in sensitive grid infrastructure. It said margin pressure is possible for 765kV GIS players.
Stock Market Live: Brokerages See Bank Earnings Growth Improving In FY27
- Citi expects bank EPS growth at 10% in FY26 and 14% in FY27, with FY27 margin expectations seen as reasonable and nearly flat year-on-year.
- The brokerage said credit growth, auto sales and property data were stronger than expected, while nominal GDP growth of 12–12.5% should support revenue growth.
- Morgan Stanley said loan growth trends are diverging across banks. It said HDFC Bank saw meaningful acceleration in loan growth, Axis Bank maintained volume momentum, while Kotak Mahindra Bank saw moderation in loan and deposit growth.
- The brokerage said IDFC First Bank maintained loan growth above 20%, while IndusInd Bank showed early signs of balance sheet stabilisation. It said deposit momentum improved at IDFC First Bank and IndusInd Bank.
Stock Market Live: Nifty Futures Trade At 81-Point Premium
- Nifty July futures rose 0.35% to 24,351, trading at a premium of 81 points.
- In Nifty options, maximum call open interest was at the 25,000 strike, while maximum put open interest was at the 24,000 strike.
- No securities are in the F&O ban period.
Stock Market Live: Bharat Seats, Vedanta Oil And Gas Shortlisted Under ASM Framework
- Amir Chand Jagdish Kumar (Exports) will see its price band revised to 5% from 10%.
- Bharat Seats and Vedanta Oil and Gas have been shortlisted under the Short-Term ASM Framework.
- Igarashi Motors India, Supriya Lifescience and Vedanta Iron and Steel will be excluded from the ASM Framework.
Stock Market Live: Senco Gold Promoter Trust Buys 8,920 Shares
- Senco Gold promoter Jai Hanuman Shri Siddhivinayak Trust, represented by trustees Suvankar Sen and Joita Sen, bought 8,920 shares, according to insider trade data.
Stock Market Live: Policybazaar, IKIO, Saksoft Among Bulk Deals
- MacRitchie Investments Pte sold 1.02 crore shares of Policybazaar at Rs 1,604.12 apiece.
- In IKIO, Junomoneta Finsol bought 10,032 shares at Rs 193.53 apiece, while QE Securities bought 7,492 shares at Rs 194.14 apiece. Microcurves Trading and NK Securities Research sold shares in separate transactions.
- HRTI sold 9,879 shares of Ramco Systems at Rs 802.55 apiece and bought 13,115 shares of Saksoft at Rs 180.69 apiece. Neo Apex Share Broking sold 2.5 lakh shares of Vedanta Iron & Steel, while QE Securities sold 21,815 shares of Zensar Technologies.
Stock Market Live: Aastha Spintex To List Today At Rs 136 Issue Price
- Aastha Spintex will list on the exchanges on July 6. The textile manufacturer had fixed its IPO issue price at Rs 136 per share.
- The company processes raw cotton into cotton bales and different types of cotton yarn.
Stock Market Live: Apollo Micro Systems, Embassy Developments, SEPC Boards To Consider Fundraising
Apollo Micro Systems, Embassy Developments and SEPC will hold board meetings on July 6 to consider fundraising proposals.
Stock Market Live: ICICI Bank, Astral, GK Energy, Adani Enterprises Among Stocks In News
- ICICI Bank signed a letter of undertaking with Prudential Corp. and will apply to IRDAI to reclassify Prudential Corp. under the investor category.
- Astral will undertake an independent review of its scheme of arrangement with Astral Chemie and Al-Aziz Plastics. GK Energy received a Rs 236 crore order for 10,000 solar photovoltaic water pumps.
- Adani Enterprises’ Adani Defence & Aerospace will invest Rs 2,500 crore in South Asia’s largest private-sector missile ecosystem in Shivpuri, Madhya Pradesh.
Stock Market Live: HDFC Bank, Nykaa, Vedanta, AU SFB Among Q1 Business Updates
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HDFC Bank reported 14.6% growth in deposits to Rs 31.70 lakh crore, while gross advances rose 15.4%. Axis Bank’s gross advances grew 18.8% and deposits rose 18.2%, while Kotak Mahindra Bank’s net advances rose 15% and deposits grew 11.7%.
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Yes Bank’s loans and advances rose 18.4% to Rs 2.9 lakh crore, while deposits grew 14.3% to Rs 3.2 lakh crore. AU Small Finance Bank reported 25.8% growth in gross advances and 23.5% growth in deposits. Karur Vysya Bank’s advances rose 17%, while deposits grew 15%.
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RBL Bank reported 21% growth in gross advances and 11% growth in deposits, while IDBI Bank’s deposits rose 10% and net advances grew 22%. Bandhan Bank’s advances rose 16.4% and deposits grew 6.6%. Central Bank’s advances rose 28.77%, while deposits increased 11.66%.
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Nykaa expects consolidated GMV and NSV growth in the early thirties and revenue growth near the thirties, led by its beauty and fashion verticals. Dabur expects double-digit revenue and profit growth, while Godrej Consumer expects high-teen revenue growth and double-digit EBITDA growth.
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Vedanta’s Zinc India business reported its highest-ever Q1 mined metal production, while Vedanta Aluminium reported its highest-ever aluminium output and value-added products. Vedanta Power sales rose 38% to 5,225 million units, while Vedanta Oil and Gas production fell 17%.
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Sobha reported its highest-ever quarterly sales value, with sales area up 62%. Senco Gold reported 60% revenue growth and 48% retail revenue growth, while AWL Agri Business reported mid-single-digit volume growth and 87% growth in branded exports.
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Metropolis Healthcare said revenue rose 16% year-on-year, driven by patient volumes. L&T Finance reported 36% growth in retail disbursements, while CreditAccess Grameen said GLP rose 16.4% and it reported its highest-ever Q1 disbursements.
Stock Market Live: Asian Markets Trade Mixed Ahead Of Fed Minutes
- Asian markets traded mixed on Monday as investors awaited minutes from the US Federal Reserve’s June policy meeting.
- South Korea’s Kospi rose 1.08%, while Japan’s Nikkei 225 slipped 0.25% and Australia’s ASX 200 edged 0.08% lower.
- Investors also tracked lower oil prices and currency moves for cues on regional markets.
Stock Market Live: Oil Extends Losses As Supply Outlook Improves
- Oil prices extended losses as improving crude flows through the Strait of Hormuz and OPEC ’s decision to raise production targets raised expectations of higher global supply.
- Brent crude fell below $72 a barrel, while West Texas Intermediate traded near $68. Tanker movement through the Strait of Hormuz has been normalising after several vessels resumed transit through the waterway.
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