Gold prices steady as US-China trade talks unfold in London
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Business Standard
19 minutes ago
- Business Standard
Nifty above 25,100 level; media shares in demand
The key equity benchmarks traded with minor gains in morning trade. The Nifty traded above the 25,100 level. Media shares extended gains for the second consecutive session. At 10:30 IST, the barometer index, the S&P BSE Sensex, added 63.86 points or 0.08% to 82,509.07. The Nifty 50 index rose 41.90 points or 0.17% to 25,145.10. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.31% and the S&P BSE Small-Cap index added 0.37%. The market breadth was strong. On the BSE, 2,283 shares rose and 1,314 shares fell. A total of 194 shares were unchanged. The Nifty Media index rose 1.66% to 1,741.40. The index rose 2.09% in the past two consecutive trading sessions. Zee Entertainment Enterprises (up 3.36%), Network 18 Media & Investments (up 3.07%), Sun TV Network (up 2.05%), Hathway Cable & Datacom (up 0.95%), Tips Music (up 0.91%), Nazara Technologies (up 0.51%), D B Corp (up 0.39%), Saregama India (up 0.29%), and PVR Inox (up 0.29%) advanced. Stocks in Spotlight: AstraZeneca Pharma India shed 0.50%. The company said its managing director (MD), Sanjeev Kumar Panchal, has resigned from his position with effect from the close of business on 30 June 2025. Oberoi Realty rose 1.06%. The company said that Pankaj Gupta, chief executive officer (CEO) of commercial real estate and senior management personnel, has resigned from his position. RITES rose 0.50%. The company said that it has received a letter of acceptance (LoA) for a coastal road project from the Ministry of Public Works, the Co-operative Republic of Guyana, worth $2.908 million.
Time of India
27 minutes ago
- Time of India
Sensex off to a choppy start, Nifty tests 25,100; bank stocks top drags
Live Events Experts View Global Markets FII/DII Tracker Crude Oil Rupee vs Dollar (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Tracking positive cues from the US and Asian markets, benchmark indices Sensex and Nifty opened higher for the fifth straight session on Tuesday, buoyed by optimism around US-China trade talks and supportive domestic policy signals. However, early gains were short-lived as the market quickly slipped into a volatile trading 9:32 am, the BSE Sensex was down 160 points, or 0.19%, at 82,284, while the Nifty50 dropped 5 points, or 0.02%, to 25, Sensex constituents, IndusInd Bank Infosys , and NTPC opened in the green, while Eicher Motors HUL , and Bajaj Finserv saw in Asia, markets opened higher, with the MSCI Asia ex-Japan index up 0.5%.On Wall Street, US equities closed mostly higher overnight and the dollar eased as trade talks between the US and China kicked off in London, aiming to resolve a dispute that has weighed on global markets for much of the year. US President Donald Trump said he was receiving "good reports" on the progress of the individual stocks, Jana Small Finance Bank surged over 6% after the lender announced it has submitted an application to the Reserve Bank of India (RBI) seeking a universal banking licence. Premier Energies rose nearly 4% amid reports that South Asia Growth Fund II Holdings likely offloaded up to 2.5 crore shares, representing about 5.5% of the company's equity, via block the sectoral front, Nifty Bank and Financial Services declined 0.3% and 0.5%, respectively, while Nifty Auto, IT, Media, Metal, and Oil & Gas gained up to 1.1%. In the broader market, the Nifty Midcap100 and Smallcap100 rose 0.2% and 0.3%, respectively."Nifty is likely to consolidate in the 24500 - 25500 range in the near term. There are no short-term triggers to take the Nifty beyond the upper band. Some profit booking pulling the market slightly down is likely. But ample liquidity will ensure that dips will get bought, helping the market to consolidate," said Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments."From a global perspective, market participants will be keenly following the progress of trade talks between the U.S. and China. Even though there is optimism regarding a favourable outcome, it is unlikely to happen quickly," Vijayakumar Vakil, Head of Prime Research at HDFC Securities, said, "By decisively breaking out from its consolidation range of 24,500 to 25,100, Nifty has re-entered a phase of bullish momentum. The index is now likely to extend its rise towards 25,307. On the lower side, the immediate support level has now shifted upwards to 24,800."Stocks were buoyant and the dollar remained on guard on Tuesday as trade talks between the United States and China were set to extend to a second day, with tentative signs tensions between the world's two largest economies could be easing.U.S. President Donald Trump put a positive spin on the talks at Lancaster House in London, which wrapped up for the night on Monday and were set to resume at 0900 GMT on advanced in Asia, extending their rise from the start of the week. EUROSTOXX 50 futures and FTSE futures both added roughly 0.1% broadest index of Asia-Pacific shares outside Japan advanced 0.5%, while Nasdaq futures gained 0.62%. S&P 500 futures edged 0.43% institutional investors (FIIs) bought equities worth Rs 1,992.87 crore on June 9, while domestic institutional investors (DIIs) continued their buying spree with purchases worth Rs 3,503.79 prices climbed on Tuesday as investors awaited the outcome of U.S.-China talks that could pave the way for easing trade tensions and improve fuel crude futures rose 28 cents, or 0.4%, to $67.32 a barrel by 0330 GMT. U.S. West Texas Intermediate crude was up 23 cents, or 0.4%, at $ Indian rupee rose 5 paise to 85.61 against the US dollar in early trade. The dollar index, which tracks the movement of the greenback against a basket of six major world currencies, rose 0.20% to 99.13 level.(With inputs from agencies)
Time of India
29 minutes ago
- Time of India
Stock market update: Nifty Pharma index advances 0.19% in an upbeat market
NEW DELHI: The Nifty Pharma index traded positive around 10:36AM(IST)on Tuesday in an upbeat market. Biocon Ltd.(up 2.12 per cent), Glenmark Pharmaceuticals Ltd.(up 1.69 per cent), Alkem Laboratories Ltd.(up 1.33 per cent), Dr. Reddy's Laboratories Ltd.(up 0.83 per cent) and Torrent Pharmaceuticals Ltd.(up 0.61 per cent) were among the top gainers. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like An engineer reveals: 1 simple trick to get all TV channels Techno Mag Learn More Undo Ipca Laboratories Ltd.(down 0.83 per cent), Ajanta Pharma Ltd.(down 0.67 per cent), J B Chemicals & Pharmaceuticals Ltd.(down 0.51 per cent), Sun Pharmaceutical Industries Ltd.(down 0.41 per cent) and Abbott India Ltd.(down 0.29 per cent) were the top losers on the index. The Nifty Pharma index was up 0.19 per cent at 21867.65 at the time of writing this report. Benchmark NSE Nifty50 index was up 35.71 points at 25138.9, while the BSE Sensex was up 63.84 points at 82509.05. Live Events Among the 50 stocks in the Nifty index, 34 were trading in the green, while 16 were in the red. Shares of Reliance Power, Vodafone Idea, JP Power, Suzlon Energy and YES Bank were among the most traded shares on the NSE. Shares of Laxmi Goldorna House, Hybrid Financial Services, Creative Eye, Reliance Power and ITD Cementation hit their fresh 52-week highs in today's trade, while BSL Ltd, Shree Ram Proteins, Digjam, Lasa Supergenerics and Lakshmi Precis hit fresh 52-week lows in trade.
