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Stock market update: Nifty Auto index advances 1.05%

Stock market update: Nifty Auto index advances 1.05%

Time of India26-05-2025

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NEW DELHI: The Nifty Auto index closed on a positive note on Monday.Shares of Bajaj Auto Ltd.(up 2.49 per cent), Mahindra & Mahindra Ltd.(up 2.25 per cent), MRF Ltd.(up 2.06 per cent), Tata Motors Ltd.(up 1.5 per cent) and Exide Industries Ltd.(up 1.22 per cent) ended the day as top gainers in the pack.On the other hand, Balkrishna Industries Ltd.(down 6.33 per cent), Maruti Suzuki India Ltd.(down 0.26 per cent) and TVS Motor Company Ltd.(down 0.14 per cent) finished as the top losers of the day.The Nifty Auto index closed 1.05 per cent up at 23763.15.Benchmark NSE Nifty50 index ended up 148.0 points at 25001.15, while the BSE Sensex stood up 455.37 points at 82176.45.Among the 50 stocks in the Nifty index, 38 ended in the green, while 12 closed in the red.Shares of Vodafone Idea, Reliance Power, Suzlon Energy, IFCI and Eternal were among the most traded shares on the NSE.Shares of Khaitan(India), Camlin Fine Sc, ITD Cementation, Stampede Cap(DVR)and Racl Geartech hit their fresh 52-week highs in today's trade, while Career Point, Godha Cabcon & Insul, Shree Ram Proteins, JP Associates and SKIL Infrastructure hit their fresh 52-week lows.

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Sensex rises 100 pts, Nifty above 25,150; pharma stocks lead gainers
Sensex rises 100 pts, Nifty above 25,150; pharma stocks lead gainers

Time of India

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  • Time of India

Sensex rises 100 pts, Nifty above 25,150; pharma stocks lead gainers

Indian benchmark indices opened higher on Thursday, on the weekly expiry of Nifty 50 futures and options contracts, even as cautious sentiment prevailed globally with investors weighing an incomplete U.S.-China trade deal that offers little clarity and keeps the risk of renewed tariff tensions alive. The BSE Sensex rose by 144 points, or 0.17%, to 82,659, while the NSE Nifty gained 42 points or 0.17%, to 25,183 On the 30-share Sensex, Asian Paints , Sun Pharma , Bajaj Finserv , Bharti Airtel , Bajaj Finance , and Reliance Industries led the gains, rising between 0.4% and 2.1%. IT stocks came under pressure, with the Nifty IT index declining 0.7% and snapping a six-day winning streak, as investors reacted to the fragile U.S.-China trade truce. The sector, which derives a significant share of its revenue from the U.S., saw selling amid uncertainty over the limited scope of the deal. Investor focus this week has remained on the U.S.-China negotiations, which concluded in a tentative agreement that includes easing Chinese export restrictions on rare earth minerals and improving access for Chinese students to U.S. universities. Meanwhile, financial stocks edged higher, with the Nifty Financial Services and Nifty Bank indices gaining 0.2% each. Heavyweights HDFC Bank and ICICI Bank advanced 0.4% and 0.3%, respectively. Pharma stocks were among the top gainers on the day, with the Nifty Pharma index rising 1.2%, led by gains in Ajanta Pharma , Sun Pharma, Mankind Pharma , and Dr. Reddy's Laboratories, which climbed between 1% and 3.4%. Among individual stocks, shares of One 97 Communications, the parent company of Paytm , tumbled as much as 10% after the Finance Ministry dismissed reports suggesting a possible introduction of a merchant discount rate (MDR) on UPI payments. Expert View The recent flattish trend in the market is likely to continue in the near term since there are no clear positive triggers that can push the market much higher, said Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments. "There are reports of a possible agreement between the U.S. and China. But the Chinese haven't officially confirmed anything. President Trump is talking about a 55% tariff on China and a 10% tariff on the U.S. President Trump's credibility being what it is, it would be too early to discount this as positive for markets," said Vijayakumar. Trump has also declared that he will be sending letters to trade partners in the next two weeks setting universal tariffs, said Vijaykumar, adding that "the tariff crisis is not yet over." The spike in Brent crude to $70 on heightened security risks in the Middle East is a negative for India, said Vijayakumar, adding that sectors like paints, adhesives, tyres and aviation are likely to respond negatively to this while ONGC and Oil India can respond positively.

Stock Market Updates: Sensex, Nifty Volatile At Open; Paytm Tanks 8%
Stock Market Updates: Sensex, Nifty Volatile At Open; Paytm Tanks 8%

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Stock Market Updates: Sensex, Nifty Volatile At Open; Paytm Tanks 8%

Last Updated: Indian equity benchmarks, Sensex and Nifty, are poised for a cautious yet positive start on Thursday Indian equity benchmarks, Sensex and Nifty, are poised for a cautious yet positive start on Thursday, supported by a mix of domestic and global cues. Investors will closely track India's May inflation numbers, global market trends, and updates on the US-China trade deal. At around 8:15 AM, GIFT Nifty futures were up 55 points at 25,267, hinting at a firm opening for domestic markets. Domestic Focus CPI Data in Spotlight India's consumer price inflation for May is expected to have cooled to a six-year low of 3%, aided by a favourable base and easing food prices, according to a Reuters poll. This aligns with the RBI's surprise 50 basis point repo rate cut last week, aimed at supporting growth amid a disinflationary trend. Global Market Cues Asia-Pacific markets traded mixed on Thursday as investors evaluated the US President Donald Trump's announcement that a trade agreement with China was 'done,' though key details and implications left room for caution. Trump indicated that Chinese imports would face a total tariff rate of 55 per cent, a level later confirmed by the US Commerce Secretary Howard Lutnick. Last checked, Nikkei was down 0.75 per cent, while the broader Topix dropped 0.43 per cent. ASX200 was trading flat with a negative bias. Kospi, bucking the trend, rose 0.4 per cent. Meanwhile, US stock futures edged lower as markets digested the tentative trade deal and fresh inflation data. Futures tied to the S&P 500 and Nasdaq 100 were down 0.2 per cent, while Dow Jones futures dropped 0.2 per cent. The US consumer price index (CPI) rose just 0.1 per cent in May, below the 0.2 per cent forecast, while core CPI, which strips out food and energy, also came in weaker than expected. The modest inflation reading added to the cautious tone across global markets. On Wall Street, major indexes closed slightly lower overnight, pausing after a recent rally. Dow Jones ended flat with a negative bias, S&P 500 slipped 0.27 per cent, and Nasdaq closed 0.5 per cent lower. President Trump noted on Truth Social that the trade deal with China is 'done, subject to final approval with President Xi and me." The deal reportedly includes upfront Chinese supply of rare earths and magnets, while the US will ease restrictions on Chinese students studying in the US. Trump further said, 'We are getting a total of 55 per cent tariffs, China is getting 10 per cent." Additionally, US PPI and core PPI figures for May, and initial jobless claims for the week ended June 7 will also be eyed. First Published: June 12, 2025, 09:17 IST News business » markets Stock Market Updates: Sensex, Nifty Volatile At Open; Paytm Tanks 8%

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