Share Market Highlights: Sensex closes above 52,900, Nifty at 15,860; Tata Steel, Axis Bank, SBI top index gainers

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Updated: June 25, 2021 4:27:44 pm

Share Market News Today | Sensex, Nifty, Share Prices Highlights: Broader markets outperformed benchmark indices on Friday. India VIX tanked 11% while Bank Nifty soared higher.

Share Market Today, Share Market LiveIndia VIX dived 11% on Friday. (Image: REUTERS)

Share Market News Today | Sensex, Nifty, Share Prices Highlights: Sensex and Nifty moved higher and neared all-time highs on Friday. On the closing bell, S&P BSE Sensex was at 52,925 while the 50-stock NSE Nifty ended the day’s trade at 15,860, just shy of its intra-day highs. Tata Steel was the best performing stock on BSE Sensex, soaring 4.68%. This was followed by SBI, Axis Bank, and ICICI Bank. Reliance Industries share price fell for the second day straight, closing as the worst Sensex performer of the day. All sectoral indices soared higher and closed with gains, except Nifty FMCG, down 0.66%.

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Highlights

    16:25 (IST)25 Jun 2021
    Sensex, Nifty end in green for second day straight; here's what experts make of today's trade

    Domestic stock markets moved higher for the second day running, nearing all-time highs. S&P BSE Sensex gained 226 points to close at 52,925 while the 50-stock NSE Nifty jumped 69 points and ended at 15,860. Broader markets outperformed benchmark indices. Midcap indices zoomed more than 1% on NSE. Tata Steel was the best performing stock among the 30 constituents of BSE Sensex, followed by Axis Bank, SBI, and ICICI Bank. Index heavyweight Reliance Industries was down in the negative as the worst Sensex performer for the second day running. Bank Nifty jumped 1.58%. The volatility index tanked 11%. Benchmark indices closed the week 1% higher, each.

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    15:33 (IST)25 Jun 2021
    CLOSING BELL

    Sensex and Nifty closed higher for the second day straight on Friday. The volatility index slumped 11%.

    15:32 (IST)25 Jun 2021
    Infosys share price hits record high as Rs 9,200-cr buyback opens; TCS, Tech Mahindra stocks rally

    Infosys share price surged to a new record high level, rising 1.6 per cent to Rs 1,575 apiece in intraday deals on BSE, as the IT firm began a Rs 9,200-crore buyback on Friday. The stock has surpassed its previous high of Rs 1,568.35 apiece, touched in the previous session. In the Nifty IT index, along with Infosys, shares of Tata Consultancy Services (TCS), Tech Mahindra, Coforge, and Mindtree have also hit their respective 52-week highs on Friday. 

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    15:24 (IST)25 Jun 2021
    Top Sensex gainers

    Ahead of the closing bell, Tata Steel, Axis Bank, SBI, and ICICI Bank are some of the top gainers on the 40-stock BSE Sensex.

    15:16 (IST)25 Jun 2021
    FDs, mutual funds, shares or what? An investor’s dilemma

    Given the variety of available investment options, an investor’s task becomes even more difficult to choose the most suitable one. Add to this the ‘tadka’ of ignorance, herd mentality (choosing what your friend chose) or looking for quick means to get wealthy; and one has the perfect recipe for a disastrous investment.

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    15:05 (IST)25 Jun 2021
    Bank Nifty up 1.6%

    Bank Nifty was up with gains on Friday afternoon. The index soared 1.6%, helped by Axis Bank, SBI, IDFC First Bank, AU Small Finance Bank, RBL Bank, and ICICI Bank -- all up 2% each.

    15:00 (IST)25 Jun 2021
    Midcap indices surge

    The Midcap indices on NSE were outperforming benchmark Nifty 50 by quite a margin on Friday, just ahead of the closing bell. Nifty Midcap 50 was up 1.66% while Nifty Midcap 100 soared 1.11% while the headline index was up 0.42%.

    14:49 (IST)25 Jun 2021
    GIMAC: Know about India’s first maritime arbitration centre in Gandhinagar

    To promote the Gujarat International Maritime Arbitration Centre (GIMAC), a Memorandum of Understanding (MoU) has been signed by the Gujarat Maritime University with the International Financial Services Centres Authority in GIFT City on 21 June 2021. This is going to be the first of its kind centre in India that will manage arbitration as well as mediation proceedings with disputes related to the maritime and shipping sector. According to an IE report, the GIMAC will be part of a maritime cluster that is being set up by the Gujarat Maritime Board (GMB) in GIFT City at Gandhinagar, Gujarat. With the clearance from the development commissioner, the Maritime Board has rented nearly 10,000 sq ft at GIFT House which is part of the Special Economic Zone (SEZ) area. The GIMAC is expected to be ready by the August end.

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    14:34 (IST)25 Jun 2021
    India VIX down 10%

    The volatility gauge has tanked 10% on Friday as benchmark indices and broader markets continued to move higher. 

    14:27 (IST)25 Jun 2021
    IPO rush on Wall Street: Uber’s former Chinese rival and Johnson & Johnson-backed co to list next

    The IPO rush on Wall Street has been going strong so far in 2021 and has no intentions of slowing down. As the US economy unlocks and the vaccinated population continues to grow, a large number of companies from across the globe are eying listing their stocks on Wall Street, adding to the already 550 initial public offerings seen by investors. The number has already surpassed the record figure of 480 IPOs seen last year. The public offerings are, however, not slowing down anytime soon. Here are some of the hot upcoming IPOs on Wall Street.

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    13:52 (IST)25 Jun 2021
    July series F&O outlook: Nifty may hit 16,500 if it crosses 15,900, Bank Nifty may trade in this range

    Nifty looks set to hit fresh all-time highs and cross the 16,000 levels in July series, while Bank Nifty may rally, if it crosses 36,000 levels, say analysts. In the series that ended yesterday, the Nifty 50 index posted gains for the third consecutive series, adding nearly 3 per cent. While Bank Nifty underperformed in June series, settling with nearly a per cent loss. Both the indices saw rollovers up to 85 per cent, which were much higher than their three-month average.

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    13:35 (IST)25 Jun 2021
    Add Apollo Hospitals ~ HDFC Securities

    Apollo’s Q4 results were in line. The hospital business posted good recovery (+10% YoY), led by increase in surgical/non-COVID procedures whereas the pharmacy business growth slowed to 4% YoY (high base). While Q1FY22 is likely to be softer due to increase in COVID cases (lower ARPOBs), the medium-term outlook remains healthy as management expects ARPOBs to increase with improvement at new hospitals, return of international patient business, and price increase. The outlook for asset light businesses such as pharmacy and AHLL (clinics/diagnostics) remains strong and we forecast 31% EBITDA growth over FY21-23e, led by healthy topline growth and margin expansion. Apollo plans to raise external capital in its newly created entity, Apollo HealthCo Ltd. (AHL), which comprises the backend pharmacy business, Apollo medicals, associate brands, and Apollo 24/7 platform. While we value the core business at SOTP of INR3,305/sh, potential value unlocking from AHL remains an opportunity. However, currently, we do not ascribe any value, owing to limited information at hand. Maintain ADD.

    ~ HDFC Securities

    12:35 (IST)25 Jun 2021
    Nifty Metal index rises

    The nifty Metal index soared 4.2% on Friday, helped by healthy gains made by Tata Steel, SAIL, and other steel stocks. 

    12:19 (IST)25 Jun 2021
    India VIX down 8%

    India VIX, the volatility gauge fell 8% on Friday while benchmark indices traded flat. India VIX is now near the lowest levels seen in the last one year.

    11:17 (IST)25 Jun 2021
    Nifty still aiming for 16,100

    "The Nifty has been showing signs of exhaustion since a couple of days. As of now the bias remains on the upside and the index can still achieve 16100 as a potential target. Strong support lies at 15400 and until that does not break, any corrective wave can be utilized to accumulate long positions," said Manish Hathiramani, proprietary index trader and technical analyst, Deen Dayal Investments.

    11:07 (IST)25 Jun 2021
    How far can RIL share price rise on Mukesh Ambani's new energy push? Brokerages mixed; check targets

    Reliance Industries share price has slumped more than 5% since yesterday morning, despite Mukesh Ambani’s ambitious new energy plans that will see the company invest Rs 75,000 crore over the next three years. While analysts see the new energy business as the next potential value creation engine for RIL, investors seem unimpressed. Today the stock is down 2.6%, trading at Rs 2,097 per share as the worst-performing stock on the BSE Sensex.

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    10:16 (IST)25 Jun 2021
    Sensex, Nifty flat

    Sensex and Nifty were dancing between gains and losses on Friday, as benchmark indices gave up opening gains. RIL was the worst index performer.

    10:10 (IST)25 Jun 2021
    Gold Price Today, 25 June 2021: MCX Gold steady on flat global cues; may rally if it goes above Rs 47,400

    Gold Price Today, Gold Price Outlook, Gold Price Forecast: Gold prices were trading flat in India on Friday, as yellow metal rates remained steady ahead of US inflation data. On Multi Commodity Exchange, gold August futures were trading Rs 41 or 0.09 per cent up at Rs 46,911 per 10 gram, as against the previous close of Rs 46870. 

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    09:50 (IST)25 Jun 2021
    Corrections in bull market desirable

    "During normal times markets would be subject to sharp corrections when valuations are high. Such corrections remove excesses and make markets healthy. Therefore, periodic corrections in a bull market are desirable. But corrections need not happen when they are desirable. Market springs surprises. This resilient bullish trend has surprised even the market gurus. So, investors should remain invested, particularly in quality large-caps which are attracting investment even at high valuations. RIL's big push for a transformational clean energy ecosystem that will  " transform India from a major importer of fossil fuels to an exporter of clean energy" is a potential game-changing strategy. RIL's vision to make clean energy a truly global business is good news not only for the planet but for shareholders too," said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

    09:18 (IST)25 Jun 2021
    OPENING BELL

    Sensex and Nifty began the day's trade in the green. Nifty is trading above 15,800 and could face resistance ahead, according to technical analysts. IT stock were among top gainers.

    09:10 (IST)25 Jun 2021
    Global cues positive but Nifty futures signal muted start

    "Benchmark indices is expected to open muted as trends on SGX Nifty indicate a flat opening for the index in India with a 10 points gain. The Nasdaq and the S&P 500 indexes hit all-time highs on Thursday, with the Dow also jumping, as U.S. President Joe Biden embraced a bipartisan Senate infrastructure deal. Asian markets were mostly higher tracking US markets overnight. Nikkei and Hang Seng rose 0.5 percent each, while Kospi and Taiwan index gained 0.7% each. Key companies announcing their quarterly results today are Atul Auto, Banco India and Finolex Industries. Immediate support and resistance for Nifty 50 are 15,600 and 15,900 respectively," said Mohit Nigam, Head, PMS - Hem Securities.

    09:03 (IST)25 Jun 2021
    Sensex, Nifty near all-time highs

    Sensex and Nifty were trading just shy of their all-time highs on Friday morning. Sensex was near 53,000 while Nifty was above 15,800.

    08:48 (IST)25 Jun 2021
    Nifty, Bank Nifty outlook

    Nifty finds support around 15,703 while 15895 will act as resistance on the upside. Bank Nifty finds support around 34,592 while 35,250 will act as resistance.

    ~ IIFL Securities

    08:47 (IST)25 Jun 2021
    Sensex, Nifty stare at cautious start; Five things to know before market opens on Friday

    BSE Sensex and Nifty 50 were set to open on a cautious note on Friday, as suggested trends on SGX Nifty in early trade. Nifty futures were just 7.50 points up at 15,845 on Singaporean Exchange. Chartists say that the Nifty has gone sideways and the range is between 15,400-15,900.

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    08:41 (IST)25 Jun 2021
    Nifty faces hurdles in range of 15,800-15,900

    "American markets ended in the green after a couple of days of uncertainty. Dow Jones closed at its 50 DEMA suggesting improving setup. Asia is trading in the green and SGX Nifty is suggesting a positive start. Nifty needs to cross multiple hurdles in the range of 15,800-15,900 and Bank Nifty needs to cross 35,400 for any meaningful upside. Bear grip if 15,600 get broken," said Rahul Sharma, Director, Head - Technical Research, JM Financial. 

    08:36 (IST)25 Jun 2021
    Petrol and diesel price today 25 June 2021: fuel rates unchanged; check prices in Delhi, Mumbai, Pune, here

    Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: The price of Petrol and Diesel was left unchanged on Friday by oil marketing companies. Petrol price in Delhi today stands at Rs 97.76 per litre while Diesel in the capital city is retailing at Rs 88.30 per litre today. Fuel prices have been hiked 29 times since May 4 and 13 times this month, with the most recent hike yesterday. The price of petrol in Delhi has increased by Rs 7.07, while diesel price has surged Rs 7.88 per litre since the rates started increasing. Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL) and Hindustan Petroleum Corporation Ltd (HPCL) revise the fuel prices on a daily basis in line with benchmark international price and foreign exchange rates.

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    08:29 (IST)25 Jun 2021
    SGX Nifty trades flat

    SGX Nifty was up with marginal gains on Friday morning. Nifty futures were hinting at a muted start for domestic markets.

    08:18 (IST)25 Jun 2021
    RIL, Barbeque-Nation, Infosys, Indraprastha Gas, Bank of Maharashtra, HDFC Bank stocks in focus

    Indraprastha Gas, JSW Energy, Hindustan Copper, Finolex Industries, Shree Renuka Sugars, PNC Infratech, Godfrey Phillips, Railtel Corporation of India, Barbeque Nation, Forbes & Company, Balmer Lawrie and Inox Winds are among the companies that are scheduled to announce their January-March quarter earnings.

    08:10 (IST)25 Jun 2021
    Near-term uptrend intact

    "The near term uptrend status remains intact for the Nifty, which is moving in a broader high low range of 15900-15500 levels. One may expect further upside towards 15900-16000 levels in the next few sessions, before showing next round of weakness from the highs. Immediate support is placed at 15670-15600 levels," said Nagaraj Shetti, Technical Research  Analyst, HDFC Securities.

    07:59 (IST)25 Jun 2021
    Massive green push: Reliance Industries to invest Rs 75,000 crore in 3 years

    Sticking to its plan to achieve net-zero carbon status earlier than its global peers by 2035, Reliance Industries (RIL) on Thursday unveiled a mega plan for green and clean energy business. The company would make initial investments of Rs 75,000 crore out of its internal resources in the burgeoning area over the next three years, chairman Mukesh Ambani announced at the 44th AGM.

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    07:58 (IST)25 Jun 2021
    India Pesticides IPO closes today

    India Pesticides IPO has so far seen retail investors and qualified institutional buyers (QIB) oversubscribe their portion of the issue, taking the overall subscription rate to 3.79 times the issue size. Non-institutional investors were still to fully subscribe their quota.

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