Nifty crosses 25,000, Sensex rises 710 points; all sectors see gains
CHENNAI: Stock markets are trading strong in the mid-morning session on Friday, with the Sensex up by 710 points and the Nifty reclaiming the 25,000 level. Both the BSE Midcap and Smallcap indices have gained around 0.5%. The uptick is being driven by continued buying from foreign institutional investors (FIIs) and domestic institutional investors (DIIs), though overall momentum remains subdued amid ongoing Middle East tensions.
Top gainers on the Nifty include M&M, Jio Financial, Bharti Airtel, Power Grid Corp, and Shriram Finance. Meanwhile, Bajaj Auto, Hero MotoCorp, Bajaj Finance, Wipro, and Tech Mahindra are among the top losers. All sectoral indices are in the green, with metals, PSU banks, real estate, and telecom stocks rising between 1% and 2%.
Institutional Flows & Sector Trends:
FIIs continued their buying streak for a third straight session on June 19, with net inflows of ₹934 crore. DIIs were also net buyers, adding ₹605 crore, lending support to the market.
Financials led intraday gains (+0.5% to 0.8%), especially power-financing firms and state-owned banks, buoyed by the RBI's easing of infrastructure funding norms, effective October.
Defensive sectors like FMCG, pharma, and IT remain in favor amid prevailing uncertainty.
Market Expectations and Analyst Forecasts:
The Nifty is encountering resistance near the 25,000 mark, struggling to hold above it, with sell-offs seen at each attempt.
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Time of India
39 minutes ago
- Time of India
Macro indicators, retail participation aligning for a multi-decade bull run: Madhu Kela
"Essentially focus on bottom-up ideas, segregate your time of doing research and time of execution. I repeat, again segregate your time of doing research and time of execution very clearly. It is not that I come up with an idea today, so I have to buy it tomorrow. Markets are volatile, something or the other will keep happening," says Madhu Kela , Market Veteran. So, last 16 years have been more than satisfactory for Indian investors and for Indian markets, how are the next three years looking? Madhu Kela: But that is the whole point that, are people who have truly believed in the longer range of India are the ones who have actually been able to do well and they have always taken advantage of any market mispricing or any market significant decline. So, over the next, I am sure three years will also be good, but I am very bullish from a next 10-20-year perspective also on India, things are really-really falling in place. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Elegant New Scooters For Seniors In 2024: The Prices May Surprise You Mobility Scooter | Search Ads Learn More Undo If you look at every macro parameter and since the time I have been around this is the lowest bond spread we have seen between America and India and maybe in last 30 years. Is that not telling us something that the bond spread between 10-year bond yield of America and India are less than 1.5%. So, I feel now more and more people are actually recognising the India story and more and more money will come and I am so happy that finally the retail public is participating as they are actually benefiting, at least post covid. So, three years will be good. But let me tell you that good means what? Let us bifurcate the whole market first. So, we have roughly $5 trillion, 48% of the market is owned by founders, roughly 25-27% is owned by domestic institution, roughly 16-17% is owned by foreign institutional investors and balance is owned by real public. Live Events In this entire market cap, there are 580 companies which are above $1 billion market cap. But out of these 580 companies, roughly one-third and these are rough number, roughly one-third are trading at more than 50 PE multiple on a trailing basis. So, a balanced market is where I find a lot of attractiveness. So, when we say India will do well, if you just invest in Nifty, this is what has happened in the last three years you still made like 14-15% cagr. So, you will continue to hopefully get that 12% to 15% return if you invest in Nifty and if you just stick to really largecap. Where people like me see an opportunity is on the select sectors, select stocks, and mispricing in the market which happens from time to time. So, when we last visited your channel, I remember January to March and there was literally a lot of panic. So, if you buy India in that time and if you buy a stock specific that is the alpha which is left in the market. So, I will continue to believe that only. Essentially focus on bottom-up ideas, segregate your time of doing research and time of execution. I repeat, again segregate your time of doing research and time of execution very clearly. It is not that I come up with an idea today, so I have to buy it tomorrow. Markets are volatile, something or the other will keep happening. The last six-nine months have been so eventful whether it is Trump , tariff, global war, oil prices. Now again, today people are talking about Iran and Israel. These things will come and go. But if you keep your homework ready and if you are a really good stock picker and stock investor, these volatility gives you time and opportunity to invest and that to my opinion really creates that extra alpha which people like me are looking at. But you think that time is going to come sometime during this year because with all the geopolitical tensions and all that is happening around the world, the market has actually quite resilient. In fact for the last 28 days, it has just been range bound, we have done nothing at all at an index level. Madhu Kela: I would say even though market has been there, look at for instance what has happened to NBFC sector, look at the returns that the sector has given in the last three-four months even in a stable market. Markets have not gone anywhere. In fact, Nifty is only up 6% in last one year. Smallcap is down. Midcap is only up 4% in last one year. But you look at select stories. Even within the NBFC sector, there are something is up 30%, something is up 50%, something is up even 100% in this overall sector. So, that is precisely what I am saying. If we think markets are going to be in a range bound, that is the best time to do stock picking. So, we have got a list of multibaggers and the headline of this graphic is multibagger stocks not one but many which Madhusudan Kela over his careers has identified. Some of them have been 10x, 20x, 50x, even 100x. It starts with a legendary investment of yours, JSPL , Inox group of companies, Radico Khaitan, many more. But the last part we have kept it blank which is that which are the next new themes or ideas Madhusudan Kela is waiting on and we will call this as Madhusudan Kela's birthday gift to our viewers. Madhu Kela: So, I do not have all of these multibaggers, we do not know which one will be 10x and which one will be 100x when we make the investment. It is only a period of time when we start tracking these companies and they deliver, we develop more and more conviction. So, let us say Gujarat Fluoro for instance, I bought the stock maybe at Rs 400-500 five-six years back. At that time I did not know that it is going to be 10x, but I was sure that this company will do well. So, I feel it is not that it is lot of return is being made, so there will be no multibaggers in times to come. You see forget Indian market, even American markets have delivered so many multibaggers in the last four years. So, markets will always keep giving that opportunity. Today clearly, I see that opportunity, I do not know whether it will be 5x or 10x, but I remain very positive on select NBFC companies because the overall regulatory framework for the NBFC sector has dramatically improved in the last three-four months. The rate cut has boosted, their liquidity availability in the market because deposits going down, suddenly we see there is lot of liquidity available for these companies and lot of these companies have tightened their belt significantly in the last three-four years in the very tight regulatory regime. So, this is maybe just the beginning for this sector which has not done too much maybe in the last three-four years.
Economic Times
40 minutes ago
- Economic Times
Oswal Pumps shares rise 3% post listing below GMP; brokerages recommend holding for long term
ADVERTISEMENT What analysts are saying ADVERTISEMENT ADVERTISEMENT Business snapshot and use of funds ADVERTISEMENT ADVERTISEMENT Shares of Oswal Pumps climbed as much as 2.7% in early trade on Friday to Rs 649.15 on the BSE , after listing at Rs 632 apiece, marking a muted debut below grey market expectations. On the NSE , the stock opened slightly higher at Rs 634, a 3.26% premium over the issue price of Rs 614. Despite the underwhelming start, brokerages remain optimistic about the stock's long-term potential, citing strong fundamentals and favourable policy of the listing, the IPO's grey market performance had indicated a GMP of Rs 41, or 6.68%, implying a potential listing around Rs 655 per share. Instead, the stock settled in the low Rs 630s, even as the Sensex and Nifty gained 0.3% each in morning Rs 1,387.34-crore IPO, which ran from June 13–17, saw strong demand, particularly from institutional investors. The QIB segment was subscribed 88.08 times, NIIs 36.70 times, and retail investors 3.60 times. The offer comprised a fresh issue of Rs 890 crore and an offer-for-sale of Rs 497.34 crore by promoter Vivek Gupta.'Despite the recovering mood in the market and robust response from all sets of investors, Oswal Pumps' listing was well below our expectations,' said Prashanth Tapse, Senior VP (Research) at Mehta Equities. 'We continue to believe the IPO demand was driven by attractive valuation levels, offering reasonable long-term upside potential along with a well-diversified product portfolio across agriculture, industrial, and domestic water solutions.'Tapse added, 'We also see the company's strategic positioning benefiting from ongoing government infrastructure and rural development initiatives, especially those focused on water management and irrigation. We view Oswal Pumps as a compelling long-term investment opportunity, well-aligned with the government's continued emphasis on rural electrification and the promotion of solar-powered irrigation systems.'Mehta Equities has recommended a 'Hold' for investors allotted shares in the IPO. For those who missed out, Tapse advised: 'Consider accumulating on any dips post-listing, particularly if broader market sentiment causes short-term volatility. The business offers a strong combination of sectoral tailwinds and value-based fundamentals.'Gaurav Garg, from Lemonn Markets Desk, echoed the sentiment: 'Oswal Pumps Limited made its stock market debut today, June 20, 2025. The company's shares opened at Rs 634 on the NSE and Rs 632 on the BSE, registering a modest premium of 3.26% and 2.93%, respectively, over the issue price of Rs 614.''Backed by strong fundamentals, a solid anchor book, and robust institutional participation, Oswal Pumps has drawn positive market sentiment. Listing gains are expected to be in the range of 8–12%, with long-term prospects buoyed by the government's thrust on rural electrification and solar-powered irrigation systems,' Garg in 2003, Oswal Pumps has evolved from manufacturing low-speed monoblock pumps to offering a full suite of submersible pumps, electric motors, and solar water systems. The company has installed over 26,000 solar pumps under government schemes and exports to 17 the nine months ending December 2024, Oswal reported revenue of Rs 1,067 crore and net profit of Rs 216 IPO proceeds will be used for a mix of debt repayment and capacity expansion. The company plans to allocate Rs 280 crore for loan repayments, Rs 272.76 crore to invest in its subsidiary Oswal Solar, and Rs 89.86 crore for capital expenditure, including new manufacturing units in Karnal, investors who participated ahead of the IPO include Societe Generale, BNP Paribas , Smallcap World Fund Inc., ICICI Prudential , Kotak Mahindra MF, Quant MF, Amundi Funds, and others, committing Rs 416.20 crore at the upper end of the price band.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Time of India
41 minutes ago
- Time of India
Oswal Pumps shares rise 3% post listing below GMP; brokerages recommend holding for long term
What analysts are saying Live Events Business snapshot and use of funds (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of Oswal Pumps climbed as much as 2.7% in early trade on Friday to Rs 649.15 on the BSE , after listing at Rs 632 apiece, marking a muted debut below grey market expectations. On the NSE , the stock opened slightly higher at Rs 634, a 3.26% premium over the issue price of Rs 614. Despite the underwhelming start, brokerages remain optimistic about the stock's long-term potential, citing strong fundamentals and favourable policy of the listing, the IPO's grey market performance had indicated a GMP of Rs 41, or 6.68%, implying a potential listing around Rs 655 per share. Instead, the stock settled in the low Rs 630s, even as the Sensex and Nifty gained 0.3% each in morning Rs 1,387.34-crore IPO, which ran from June 13–17, saw strong demand, particularly from institutional investors. The QIB segment was subscribed 88.08 times, NIIs 36.70 times, and retail investors 3.60 times. The offer comprised a fresh issue of Rs 890 crore and an offer-for-sale of Rs 497.34 crore by promoter Vivek Gupta.'Despite the recovering mood in the market and robust response from all sets of investors, Oswal Pumps' listing was well below our expectations,' said Prashanth Tapse, Senior VP (Research) at Mehta Equities. 'We continue to believe the IPO demand was driven by attractive valuation levels, offering reasonable long-term upside potential along with a well-diversified product portfolio across agriculture, industrial, and domestic water solutions.'Tapse added, 'We also see the company's strategic positioning benefiting from ongoing government infrastructure and rural development initiatives, especially those focused on water management and irrigation. We view Oswal Pumps as a compelling long-term investment opportunity, well-aligned with the government's continued emphasis on rural electrification and the promotion of solar-powered irrigation systems.'Mehta Equities has recommended a 'Hold' for investors allotted shares in the IPO. For those who missed out, Tapse advised: 'Consider accumulating on any dips post-listing, particularly if broader market sentiment causes short-term volatility. The business offers a strong combination of sectoral tailwinds and value-based fundamentals.'Gaurav Garg, from Lemonn Markets Desk, echoed the sentiment: 'Oswal Pumps Limited made its stock market debut today, June 20, 2025. The company's shares opened at Rs 634 on the NSE and Rs 632 on the BSE, registering a modest premium of 3.26% and 2.93%, respectively, over the issue price of Rs 614.''Backed by strong fundamentals, a solid anchor book, and robust institutional participation, Oswal Pumps has drawn positive market sentiment. Listing gains are expected to be in the range of 8–12%, with long-term prospects buoyed by the government's thrust on rural electrification and solar-powered irrigation systems,' Garg in 2003, Oswal Pumps has evolved from manufacturing low-speed monoblock pumps to offering a full suite of submersible pumps, electric motors, and solar water systems. The company has installed over 26,000 solar pumps under government schemes and exports to 17 the nine months ending December 2024, Oswal reported revenue of Rs 1,067 crore and net profit of Rs 216 IPO proceeds will be used for a mix of debt repayment and capacity expansion. The company plans to allocate Rs 280 crore for loan repayments, Rs 272.76 crore to invest in its subsidiary Oswal Solar, and Rs 89.86 crore for capital expenditure, including new manufacturing units in Karnal, investors who participated ahead of the IPO include Societe Generale, BNP Paribas , Smallcap World Fund Inc., ICICI Prudential , Kotak Mahindra MF, Quant MF, Amundi Funds, and others, committing Rs 416.20 crore at the upper end of the price band.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
