Nifty 50 closed at 25,112.40 (319.2, 1.3%), BSE Sensex closed at 82,408.17 (1,046.3, 1.3%) while the broader Nifty 500 closed at 23,041.10 (277.6, 1.2%). Market breadth is in the green. Of the 2,448 stocks traded today, 1,561 showed gains, and 837 showed losses.
Indian indices closed higher after extending gains in the afternoon session, after the Reserve Bank of India (RBI) relaxed provisioning norms for project financing. The Indian volatility index, Nifty VIX, fell 4.1% and closed at 13.7 points. Nestle India closed in the green as its board of directors scheduled a meeting on June 26 to consider a proposal for issuing bonus shares.
Nifty Smallcap 100 and Nifty Midcap 100 closed in the green, tracking the benchmark index. Nifty Capital Markets and S&P BSE IPO were among the best-performing indices of the day. According to Trendlyne’s sector dashboard, Telecom Services emerged as the best-performing sector of the day, with a rise of 3.2%.
European indices are trading in the green, except Russia’s RTSI and MOEX indices, which are trading 0.3% lower each. Major Asian indices closed mixed. US index futures are trading lower, indicating a cautious start to the session as investors await President Trump’s decision on involvement in the Middle Eastern war.
Relative strength index (RSI) indicates that stocks like Aditya Birla Capital, Muthoot Finance, DCM Shriram, and Gillette are in the overbought zone.
Bansal Wire Industries rises after Anand Rathi initiates coverage with a 'Buy' rating and a target price of Rs 550. The brokerage highlights the company’s plan to expand capacity 2.5X to 6.8 lakh tonnes, potentially surpassing Tata Steel’s 7–8% market share in steel wiring. It also projects a 24% sales volume growth over FY26–27, driven by capex, backward integration of raw materials, and a diversified customer base.
Hindustan Aeronautics secures an order worth Rs 500 crore to manufacture Small Satellite Launch Vehicles (SSLVs) for the Indian Space Research Organisation (ISRO).
Privi Speciality Chemicals is falling as its promoters sell a 4.1% stake for Rs 329.9 crore through an open market transaction in the price range of Rs 2,055-2,087.7 per share. After this sale, the promoter's stake decreases to 70% from 74.1%.
Raamdeo Agarwal, Co-founder and Chairman of Motilal Oswal Financial Services, states that the Indian market could witness 1,000 IPOs over the next five years.
United Spirits announces acquisition of NAO Spirits & Beverages for Rs 130 crore. NAO, maker of premium Indian craft gin brands Greater Than and Hapusa, strengthens United Spirits’ presence in the craft gin market.
Dilip Buildcon is rising as it receives an order worth Rs 1,341 crore from Konkan Railway Corporation to build a twin-tube tunnel and a four-lane approach road in Kerala's Kozhikode and Wayanad districts.
Northern Arc Capital falls as 2.2 crore shares (13.8% stake) worth approximately Rs 440 crore reportedly change hands in a block deal at an average price of Rs 197 per share.
The European Union's new sanctions proposed on carbon tax on imports of Russian crude oil will impact India's $63 billion petroleum product exports. Analysts believe this will affect Reliance Industries, which accounts for 89% of crude oil exports, of which 60% are procured from Russia.
Sun TV Network plunges after reports of a family dispute. Chairman Kalanithi Maran has received a legal notice from his brother, Dayanidhi Maran, who is also a Member of Parliament. The notice accuses Kalanithi of fraudulent practices and mismanagement in taking control of Sun TV following their father, Murasoli Maran's death in 2003.
India Pesticides is rising as the government imposes a five-year anti-dumping duty on Pretilachlor imports from China. Pretilachlor is a herbicide widely used in rice and paddy farming.
Nestle India is rising as its board of directors schedules a meeting on June 26 to consider a proposal for issuing bonus shares.
HDB Financial Services, a subsidiary of HDFC Bank, sets a price band of Rs 700-740 per share for its Rs 12,500 crore IPO.
Oswal Pumps’ shares debut on the bourses at a 3.3% premium to the issue price of Rs 614. The Rs 1,387.3 crore IPO received bids for 34.4 times the total shares on offer.
UNO Minda is rising as its board approves a capital expenditure of Rs 210 crore to set up a greenfield aluminium die-casting facility in Sambhaji Nagar (Aurangabad), Maharashtra. This expansion aims to meet the rising demand for casting components, especially electric two-wheelers and four-wheelers.
Kaynes Technology's board of directors approves a Rs 1,600 crore qualified institutional placement (QIP) of equity shares at a floor price of Rs 5,625.7 per share.
IREDA, HUDCO, and REC rise sharply as the Reserve Bank of India (RBI) lowers the standard asset provisioning requirement for under-construction infrastructure projects from 5% to 1%.
Suzlon bags a 170.1 MW wind turbine order from AMPIN Energy. The company will supply 54 S144 wind turbine generators with Hybrid Lattice Towers, each with a rated capacity of 3.15 MW, and commission the project.
Infibeam Avenues is rising as its board of directors sets June 26 as the record date for its Rs 700 crore rights issue.
GMM Pfaudler's subsidiary, Pfaudler Normag Systems, secures a Rs 330 crore contract from a European customer to design and supply acid recovery equipment and systems.
Jefferies downgrades Delhivery to an 'Underperform' rating with a lower target price of Rs 315 per share. This indicates a potential downside of 10.7%. The brokerage believes Meesho's insourcing will pressure its third-party logistics express parcel (EP) business. It expects the firm's EP business volume to grow at a CAGR of 10% over FY25-30.
Sai Life Sciences falls as 2 crore shares (10% stake) worth approximately Rs 851 crore reportedly change hands in a block deal at an average price of Rs 710 per share. Private equity firm TPG Asia is likely the seller in the transaction.
ITD Cementation bags orders worth Rs 960 crore for project works at Trivandrum International Airport in Kerala and the construction of a multi-storey commercial building in Kolkata.
Container Corporation of India's board of directors sets July 4 as the record date for its 1:4 bonus share issue. The shareholders will receive one new fully paid equity share of Rs 5 each for every four existing equity shares.
Natco Pharma receives Form 483 with seven observations from the US FDA following an inspection at its Pharma Division located in Kothur, Hyderabad.
Nifty 50 was trading at 24,875.50 (82.3, 0.3%), BSE Sensex was trading at 81,354.85 (-7.0, 0.0%) while the broader Nifty 500 was trading at 22,835.80 (72.3, 0.3%).
Market breadth is in the green. Of the 1,918 stocks traded today, 1,079 were on the uptick, and 772 were down.
Riding High:
Largecap and midcap gainers today include Power Finance Corporation Ltd. (409.05, 4.8%), Max Healthcare Institute Ltd. (1,213.80, 4.4%) and Macrotech Developers Ltd. (1,483.20, 4.1%).
Downers:
Largecap and midcap losers today include Siemens Energy India Ltd. (2,640.80, -3.4%), Thermax Ltd. (3,423.10, -3.2%) and Linde India Ltd. (6,522.50, -3.1%).
Volume Rockets
77 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included BEML Ltd. (4,639.50, 8.2%), Endurance Technologies Ltd. (2,576, 6.7%) and KFIN Technologies Ltd. (1,272.50, 6.2%).
Top high volume losers on BSE were Concord Biotech Ltd. (1,837.30, -6.9%), Intellect Design Arena Ltd. (1,077.80, -5.6%) and India Cements Ltd. (306.15, -4.2%).
Ratnamani Metals & Tubes Ltd. (2,834, 0.1%) was trading at 21.0 times of weekly average. Nestle India Ltd. (2,360.40, 1.8%) and Shree Cements Ltd. (28,875, -1.5%) were trading with volumes 20.2 and 18.1 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
7 stocks took off, crossing 52 week highs, while 2 stocks hit their 52 week lows.
Stocks touching their year highs included - Bharat Electronics Ltd. (408.25, 2.4%), Bharti Airtel Ltd. (1,936.70, 3.2%) and Multi Commodity Exchange of India Ltd. (8,085, 4.1%).
Stocks making new 52 weeks lows included - Easy Trip Planners Ltd. (10.50, 0.2%) and Siemens Energy India Ltd. (2,640.80, -3.4%).
25 stocks climbed above their 200 day SMA including J B Chemicals & Pharmaceuticals Ltd. (1,772.60, 6.0%) and Housing and Urban Development Corporation Ltd. (227.15, 4.4%). 25 stocks slipped below their 200 SMA including Concord Biotech Ltd. (1,837.30, -6.9%) and Cera Sanitaryware Ltd. (6,604, -3.8%).