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Stock Market LIVE Updates: M&M, HDFC Bank, Sun Pharma lift Sensex; Nifty above 24,800; SMIDs gain
Sensex Today | Stock Market LIVE Updates on Wednesday, May 21, 2025: Sun Pharma, Nestle India, Ultratech Cement, HUL, HDFC Bank, Tata Motors, and Maruti Suzuki were top gainers on the Sensex today
11:54 AM
Stock Market LIVE Updates: BMW Industries shares rally 12% on ₹364 crore order win from Tata Steel
Stock Market LIVE Updates: Shares of BMW Industries rose nearly 12 per cent in Wednesday's intraday session after it landed an order worth ₹364.69 crore from Tata Steel for the conversion of hot rolled coils into tubes.
The steel processing company's stock rose as much as 11.68 per cent during the day to ₹59.7 per share, the biggest intraday gain since May 5. The stock pared gains to trade 4.5 per cent higher at ₹55.8 apiece, compared to a 0.72 per cent advance in BSE Sensex as of 11:06 AM. READ MORE
11:34 AM
Stock Market LIVE Updates: Why are Whirlpool of India share price rising 8% in trade
11:20 AM
Stock Market LIVE Updates: Here's why Dredging Corp share was buzzing in trade on May 21
Stock Market LIVE Updates: Shares of Dredging Corporation of India (Dredging Corp) saw strong buying interest on Wednesday, May 21, 2025, surging as much as 14.9 per cent to hit an intraday high of ₹777.65 apiece.
By 10:18 AM, the stock was trading 11.56 per cent higher at ₹755 per share, outperforming the broader market, with the BSE Sensex up 0.86 per cent at 81,883.58.
11:08 AM
Stock Market LIVE Updates: Pharma shares in focus; GSK, Jubilant, Eris, Gland, Torrent rally up to 8%
Stock Market LIVE Updates: Pharma stocks were in demand, and surged up to 8 per cent on the bourses on healthy growth outlook. In-line March quarter performance, coupled with Torrent Pharma and Gland Pharma's optimistic FY26 guidance led the up move in pharma stocks.
GlaxoSmithKline Pharmaceuticals (GSK Pharma), Ajanta Pharma, Gland Pharma, Jubilant Pharmova, Torrent Pharmaceuticals, Natco Pharma, Aurobindo Pharma, Lupin, Ipca Labs, Dr Reddy's Laboratories, Cipla, Divi's Laboratories, Granules India and Sun Pharmaceutical were up in the range of 2 per cent to 8 per cent in intra-day trade. READ MORE
10:54 AM
Stock Market LIVE Updates: India well-positioned to deal with negative effects of US tariffs: Moody's
Stock Market LIVE Updates: A Moody's Ratings' report suggested that India is well-positioned to deal with the negative effects of US tariffs and global trade disruptions as domestic growth drivers and low dependence on exports anchor the economy.
In a note on India, the agency said government initiatives to boost private consumption, expand manufacturing capacity and increase infrastructure spending will help offset the weakening outlook for global demand. READ MORE
10:39 AM
Stock Market LIVE Updates: Astonea Labs; initial public offering (IPO) will open for subscription on Tuesday, May 27, 2025. The of pharmaceutical and cosmetic products manufacturer aims to raise ₹37.67 crore through a fresh issue of 2.79 million equity shares. There is no offer for sale (OFS) component. The company has reserved around 50 per cent of the issue for qualified institutional buyers (QIBs), 35 per cent for retail investors and 15 per cent for non-institutional investors (NIIs).
10:19 AM
Stock Market LIVE Updates: Most stocks turn positive on Sensex as index surges 700 pts
Stock Market LIVE Updates: The BSE Sensex moved sharply higher in early deals on Wednesday, trading over 700 points higher at 81,899. Sun Pharma, M&M, HDFC Bank, Tata Motors, Nestle India, Ultratech Cement, and Tata Steel are some of the top stocks on the Sensex today. Meanwhile, only three stocks are trading lower.
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Economic Times
3 hours ago
- Economic Times
No major economic impact of Iran-Israel conflict, but vigil up: India official
AP A man walks at the scene of an explosion in a residence compound in northern Tehran, Iran. The ongoing Israel-Iran conflict is unlikely to have any major economic impact on India unless it escalates into a broader and protracted regional conflagration but the government is keeping a close watch on the evolving situation, a senior official said. The conflict, however, could potentially stoke volatility in global crude oil prices, capital flows, currency movement and shipping costs in the short term, the official conceded. While it's "too early" to gauge the precise impact on India, the finance ministry and regulators would continue to maintain heightened vigil in view of the volatility across markets, the official told given its strong macroeconomic fundamentals, India is on a strong footing to tide over any such global crisis without much bruise, he said. He also ruled out any sharp and durable impact of the crisis on non-energy commodity prices globally over the medium term. Indian stocks fell on Friday tracking a global sell-off and the rupee depreciated against the dollar as worries about the Israel-Iran conflict weighed down investor benchmark Sensex and Nifty nosedived 0.7% each on Friday. The rupee depreciated 0.6% to close at a two-month low of 86.09 against the greenback, as the dollar index strengthened with investors scrambling for safe haven crude oil prices spiked 12% to $78.5 per barrel in the early hours of Friday morning following the Israeli strike. The prices, however, pulled back to less than $75 a barrel after reports emerged that Israel had not targeted Iran's oil infrastructure but limited its strike to Tehran's nuclear facilities. The Israeli strikes have raised fears if Iran could retaliate by trying to close the Strait of Hormuz, a vital choke point for about a fifth of the global oil supply. In that case, shipping and related insurance costs could rise US gold futures inched up more than 1% to touch its peak in nearly two months amid heightened demand for haven assets.
New Indian Express
5 hours ago
- New Indian Express
War clouds darken rate cut horizon despite low inflation
Following Israel's pre-dawn missile strike on Iran on Friday, Sensex plunged 1,300 points. Iran holds about 9 per cent of the world's oil reserves, and as the strike intensified tensions in a key West Asian oil-producing region, crude prices jumped over 13 percent, with the benchmark Brent contract hitting $78.50 a barrel—its highest since January. If tensions persist for over the next 3-6 months, it's likely that crude prices would rise above $82-85; J P Morgan analysts expect the new perch to be as high as $120 in a worst-case scenario. Besides price rise, any disruption in global oil supplies will slow down demand, drive up inflation and exacerbate the prevailing pressure on global markets, which are already reeling under an uncertain US trade policy overhaul. India relies on imports for over 80 percent of its crude oil needs, and a higher import bill will widen the current account deficit, which is expected at 1.2 percent of GDP this fiscal. India also is the largest consumer of gold, which on Friday shot past the psychologically significant mark of Rs 1 lakh per 10 gram for the first time ever on MCX. So the risks of imported inflation remain elevated, just as the RBI indicated last week about a protracted disinflationary process. As it is, policymakers are grappling with global trade policy uncertainties that are threatening to spur inflation and lower global growth. If this happens, it will restrict the central bank's ability to lower policy rates any further.
Economic Times
5 hours ago
- Economic Times
ET Market Watch: Friday the 13th Crash: Sensex Sinks, Crude Spikes, Gold Nears Record
Transcript Welcome to ET Market Watch, your quick fix on the day's biggest market movers. I am Neha Vashisht Mahajan - your host of the evening. It's Friday, June 13. Today was a turbulent day for investors, both emotionally and financially. Let's start with the numbers. The Sensex fell 573 points to close at 81,118, while the Nifty50 ended 169 points lower, settling at 24,718. Earlier in the day, markets were in freefall — with the Sensex down over 1,300 points and Nifty hitting an intraday low of 24,473. So, what triggered the sell-off? Reason #1: Israel strikes Iran In a dramatic escalation of Middle East tensions, Israel launched a preemptive military strike on Iran's capital, Tehran. The airstrikes reportedly targeted nuclear sites, missile factories, and top Iranian commanders, including Revolutionary Guards chief Hossein Salami, whose death has been confirmed by Iranian state media. A state of emergency has been declared in Israel, and markets fear retaliatory attacks. Washington has distanced itself from the strike, calling it a 'unilateral action.' This geopolitical flashpoint shook global markets — and India wasn't spared. Reason #2: Crude oil prices spiked Brent crude surged over 6.6% to $74.15, after hitting $78.50 — the highest since January. WTI crude wasn't far behind, rising 7.3% to $72.91. Markets are worried that if Iran retaliates by blocking the Strait of Hormuz, oil supply could be severely restricted. And we've seen this story before — back in 2022, similar fears sent energy prices soaring. Reason #3: Global sell-off The ripple effect extended beyond oil. Asian markets tumbled — Japan's Nikkei, South Korea's KOSPI, and Hong Kong's Hang Seng all lost over 1%. In Europe, the DAX, CAC 40, and Euro Stoxx followed suit. The mood? Risk-off. Safe-haven rally As panic set in, investors fled to safety. Gold shot up to $3,416 per ounce, approaching its all-time high. The Swiss franc and Japanese yen gained. US 10-year Treasury yields dropped to a one-month low of 4.31%. And the Dollar Index climbed 0.5% — classic flight-to-safety. Closing Thought: The BSE's market capitalisation dropped by ₹2.17 lakh crore, wiping out a chunk of investor wealth in just a few hours. It's a reminder that in today's connected world, geopolitics and markets move hand in hand. That's all for today on ET Market Watch. We'll keep watching the numbers — and the world behind them.
