Stock market update: Nifty Auto index falls 0.1% in an upbeat market
(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)
Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
India.com
39 minutes ago
- India.com
Mukesh Ambani's masterstroke, Reliance Industries mcap reaches Rs 20000000000000, HDFC Bank, TCS, Bharti Airtel are at…
Mukesh Ambani, India's richest man, alone is enough for Pakistan, his wealth is twice of Pakistan's annual budget, his net worth is.... Reliance Industries shares rose nearly 2% on Thursday, pushing its market valuation back above the Rs 20 lakh crore milestone. The stock gained 1.90% to close at Rs 1,495.20 on the BSE, after reaching an intraday high of Rs 1,498.70, marking a 2.14% increase during the session. At the NSE, it rallied 1.90 per cent to Rs 1,495.30. Tracking a rally in the stock, the company's market valuation surged by Rs 37,837.9 crore to Rs 20,23,375.31 crore. Rally in the blue-chip stock was instrumental in driving the equity markets higher. The 30-share BSE Sensex jumped 1,000.36 points or 1.21 per cent to settle at 83,755.87. The 50-share NSE Nifty rallied 304.25 points or 1.21 per cent to 25,549. Reliance Industries Ltd Mcap Reliance Industries Ltd (RIL) had on February 13 last year became the first Indian company to achieve a market capitalisation of Rs 20 lakh crore. The company is the most valuable domestic firm in terms of market valuation followed by HDFC Bank with a market capitalisation of Rs 15,51,218.93 crore, Tata Consultancy Services (Rs 12,45,219.09 crore), Bharti Airtel (Rs 11,48,518.05 crore) and ICICI Bank (Rs 10,27,838.79 crore) in the top five order. So far this year, Reliance shares have jumped 23 per cent. Stock Market Closing Bell Equity benchmark indices Sensex and Nifty surged over 1 per cent on Thursday, taking their winning momentum to the third day running, amid growing optimism following easing geopolitical tensions and buying in market heavyweights HDFC Bank and Reliance Industries. The 30-share BSE Sensex jumped 1,000.36 points or 1.21 per cent to settle at 83,755.87. During the day, it surged 1,056.58 points or 1.27 per cent to 83,812.09. The 50-share NSE Nifty rallied 304.25 points or 1.21 per cent to 25,549. From the Sensex constituents, Tata Steel, Bajaj Finance, Bharti Airtel, Adani Ports, Eternal, Bajaj Finserv, NTPC, HDFC Bank, Reliance Industries and Axis Bank were among the major gainers. (With Inputs From PTI)
Mint
an hour ago
- Mint
Indian markets closed with strong gains for third day, bullish sentiments back says experts
Mumbai (Maharashtra) [India], June 26 (ANI): The Indian stock markets on Thursday ended with sharp gains, witnessing Nifty 50 at National Stock Exchange (NSE) reclaiming its highest closing level in nearly nine months. AT the end of the trading session, Nifty was up 304.25 points or 1.21 per cent at 25,549 while the BSE Sensex climbed 1,000.36 points or 1.21 per cent, reaching at 83,755.87. The Indian market rallied for the third straight session due to the easing tensions in the Middle East. "The index not only crossed the psychological mark of 25500 but also sustained above it, registering its highest daily close since October 2024. This move indicates a potential shift in momentum and growing bullish sentiment in the market," said Sudeep Shah, Head - Technical Research and Derivatives at SBI Securities. Among the index constituents, Shriram Finance, Jio Financial Services, and Bajaj Finance emerged as the top gainers, while Dr Reddy's and Tech Mahindra were the major losers. On the sectoral front, Nifty Metal, Nifty Oil & Gas, and Nifty Financial Services outperformed, whereas Nifty Media and Nifty Realty closed in the red. Despite the strong performance in the frontline indices, broader markets underperformed. Both Nifty Midcap 100 and Nifty Smallcap 100 showed subdued movement, reflecting selective participation. Furthermore, the Advance/Decline ratio remained flat, suggesting the rally lacked broad-based support across the wider market. The market experts say that the benchmark index Nifty finally gave a breakout from its 31-day consolidation range on the June monthly expiry day. On the daily chart, it formed a sizeable bullish candle, reinforcing the strength of the breakout, the experts said, adding that the daily Relative Strength Index (RSI) has broken out of a Symmetrical Triangle pattern, indicating a surge in bullish momentum. Observing the markets, Shrikant Chouhan, Head Equity Research, Kotak Securities, said, "We believe that the intraday market texture is bullish, but due to temporary overbought conditions, we could see range-bound activity in the near future. For day traders, buying on intraday corrections and selling on rallies would be the ideal strategy." "The benchmark index reflected strong investor confidence, underpinned by the apparent stability of the Middle East ceasefire, which has eased concerns over potential supply chain disruptions," said Vinod Nair, Head of Research, Geojit Investments Limited. According to the analysts, the Foreign Institutional Investors (FIIs) continued to pare holdings due to the narrowing yield spread between US and Indian 10-year bonds; Domestic Institutional Investors (DIIs) emerged as net buyers, buoyed by improving liquidity conditions and a rebound in domestic consumption. (ANI)
Time of India
2 hours ago
- Time of India
Crizac gears up for Rs 860-cr IPO on July 2, slashes OFS size
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Student recruitment solution provider Crizac on Thursday said its Rs 860-crore initial public offering ( IPO ) will hit the capital markets for subscription on July public issue will conclude on July 4, and the bidding for anchor investors will open for a day on July 1, the company said in a the company did not disclose the details of the price IPO is entirely an offer for sale (OFS) of equity shares worth Rs 860 crore by promoters Pinky Agarwal and Manish Agarwal with no fresh issue component, according to the red herring prospectus (RHP) filed on OFS consists of the sale of equity shares worth Rs 723 crore by Pinky Agarwal and Rs 137 crore by Manish. Since the issue is an OFS, Crizac will not receive any proceeds from the company, which had proposed to raise Rs 1,000 crore in November last year, has now trimmed the issue size to Rs 860 crore. It did not provide any specific reason for the downward revision in offer initially filed its preliminary IPO papers with Sebi in March 2024. The regulator had returned the documents in July. Thereafter, the company refiled the papers in November, which were approved by the regulator in March this Kolkata-based firm is a B2B education platform for agents and global institutions, which offers international student recruitment solutions to global institutions of higher education in the UK, Ireland, Canada, Australia and New the last three years, Crizac facilitated enrolment applications from over 75 countries through its registered agents on its technology platform. It processed more than 7.11 lakh student applications and collaborated with over 173 global institutions of higher company reported a revenue from operations of Rs 849.49 crore and a profit after tax of Rs 152.93 crore in the full financial year company's shares will be listed on the BSE and Capital and Anand Rathi Advisors are the book-running lead managers, while MUFG Intime India is the registrar for the IPO.
