Nifty above 25,100 level; media shares in demand
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.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
25 minutes ago
- Mint
Sensex soars over 1,000 points, investors earn ₹5 lakh crore within 5 mins; why is Indian stock market rising? EXPLAINED
Stock market today: The Indian stock market opened on a strong note on Monday, August 18, with investors cheering signs of easing global headwinds. Hopes of a possible end to the Russia-Ukraine conflict, indications from US President Donald Trump that he may reconsider secondary tariffs on India, and S&P's upgrade of India's credit rating together lifted sentiment and fueled risk appetite. The Sensex opened at 81,315.79 against its previous close of 80,597.66 and surged over 1,000 points, or 1.3 per cent, to an intraday high of 81,619.59. (This is a developing story. Please check back for fresh updates.)
India.com
27 minutes ago
- India.com
Good news for Mukesh Ambani, Reliance Industries earns Rs 78480000000 within…, bad news for Noel Tata, TCS loses Rs 45580000000 due to…
The combined market capitalization of five of India's top-10 most valued companies rose by Rs 60675.94 crore last week, driven by a positive momentum in equities. Among the gainers, State Bank of India (SBI) and HDFC Bank led the rally. In the holiday-shortened trading week, the Sensex advanced 739.87 points (0.92%), while the Nifty gained 268 points (1.10%), reflecting overall market optimism. Valuation Of Reliance Industries, HDFC Bank, SBI From the top-10 pack, Reliance Industries, HDFC Bank, Bharti Airtel, State Bank of India and Infosys saw an addition in their valuation, while Tata Consultancy Services (TCS), ICICI Bank, Hindustan Unilever Ltd, Life Insurance Corporation of India (LIC) and Bajaj Finance faced erosion from their market capitalisation (mcap). The valuation of State Bank of India jumped Rs 20,445.82 crore to Rs 7,63,095.16 crore, the most among the top-10 firms. The mcap of HDFC Bank surged Rs 14,083.51 crore to Rs 15,28,387.09 crore. Infosys added Rs 9,887.17 crore, taking its valuation to Rs 6,01,310.19 crore. The mcap of Bharti Airtel surged Rs 8,410.6 crore to Rs 10,68,260.92 crore. Reliance Industries' valuation went up by Rs 7,848.84 crore to Rs 18,59,023.43 crore. Losers On Stock Market: LIC, Bajaj Finance, ICICI Bank However, the mcap of LIC tumbled Rs 15,306.5 crore to Rs 5,61,881.17 crore. Bajaj Finance faced an erosion of Rs 9,601.08 crore to Rs 5,35,547.44 crore, while ICICI Bank's valuation declined by Rs 6,513.34 crore to Rs 10,18,982.35 crore. The mcap of TCS fell by Rs 4,558.79 crore to Rs 10,93,349.87 crore, and that of Hindustan Unilever dipped by Rs 3,630.12 crore to Rs 5,83,391.76 crore. Reliance Industries retained the title of the most valued firm, followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, Hindustan Unilever, LIC and Bajaj Finance. (With Inputs From PTI)
Mint
27 minutes ago
- Mint
From HDFC Bank, SBI to ICICI Bank— These banking, financial stocks likely to be in focus today; here's why
Due to upgrades from S&P Global Ratings, several banking and financial stocks, including HDFC Bank, SBI, and ICICI Bank, are likely to be in focus on Monday, August 18. S&P Global Ratings, on Friday, 15 August 2025, upgraded the long-term issuer credit ratings for seven Indian Banks and three financial institutions, one day after increasing India's sovereign credit rating, reported the news agency PTI. S&P Global upgraded the credit ratings of seven Indian banks: State Bank of India (SBI), ICICI Bank, HDFC Bank, Axis Bank, Kotak Mahindra Bank, Union Bank of India, and Indian Bank. Bajaj Finance, Tata Capital, and L&T Finance were the three finance companies which also received a credit rating upgrade on Friday. On Thursday, S&P Global Ratings also raised the credit ratings on ONGC, Power Grid, NTPC, and Tata Power to 'BBB' from 'BBB—'. The outlook is stable. Highlighting the Indian economy's resilience and sustained fiscal consolidation, S&P Global Ratings, last Thursday, raised India's long-term credit rating by a notch. It was India's first sovereign rating upgrade from S&P Global Ratings since 2007. Indian government debt, which has remained at S&P's lowest investment grade of 'BBB—' for 18 years, now stands at a higher level of 'BBB.' S&P expects India's GDP to grow at a 6.5 per cent rate in FY26 and foresees a continued momentum over the next three years. The rating agency believes that the impact of recently imposed US tariffs may be limited on India due to the country's large and resilient domestic consumption base. According to PIB, the rating agency suggested that a narrowing fiscal deficit and continued public investment could support further positive rating actions. In the recent past, Morning Star DBRS, another rating agency, has also upgraded India to 'BBB' status. The S&P upgrade highlights India's increased creditworthiness and the strength of the Indian economy. The upgrade may lower the government's borrowing costs, which could allow banks and NBFCs to borrow funds at cheaper rates. Lower interest rates could trigger strong demand for credit, enhancing banks' profitability. Strong economic momentum, due to increased demand, is also expected to augur well for the power and energy sectors. According to Madhavi Arora, Chief Economist at Emkay Global Financial Services, a rating upgrade to a higher investment-grade category of BBB can open the door for new pools of global funds' capital. "All of this will lower India's risk premia and consequently, lower cost of funding across macro agents' curves, including corporates —especially those borrowing abroad," said Arora. "Overall reduced cost of capital for the economy would help India finance its fiscal and CAD and could trigger positive externalities," she added. Experts say stocks such as ONGC, Power Grid, NTPC, Tata Power, SBI, ICICI Bank, HDFC Bank, Axis Bank, Kotak Mahindra Bank, Union Bank of India, and Indian Bank could stand as key beneficiaries. Read all market-related news here Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of individual analysts or broking firms, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.
