Nifty jumps above 25,200 level; broader mkt outperforms
The key equity indices continued to trade with significant gains in the morning trade, boosted by easing tensions in the Middle East following a tentative ceasefire between Israel and Iran, which helped lift investor sentiment.
Media shares advanced after declining for the past trading session. The Nifty traded above the 25,200 level.
At 10:30 ST, the barometer index, the S&P BSE Sensex, soared 567.43 points or 0.69% to 82,617.43. The Nifty 50 index advanced 161.60 points or 0.63% to 25,202.75.
The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.56% and the S&P BSE Small-Cap index added 1.29%.
The market breadth was strong. On the BSE, 2,689 shares rose and 832 shares fell. A total of 211 shares were unchanged.
New Listing:
Shares of ArisInfra Solutions were currently trading at Rs 198.75 at 10:23 IST on the BSE, representing a discount of 10.47% as compared with the issue price of Rs 222.
The scrip was listed at Rs 209.10, exhibiting a discount of 5.81% to the issue price.
So far, the stock has hit a high of 235.75 and a low of 220. On the BSE, over 6.57 lakh shares of the company were traded in the counter so far.
Buzzing Index:
The Nifty Media index added 1.35% to 1,752.10. The index fell 1.12% in previous trading session.
Hathway Cable & Datacom (up 2.37%), Network 18 Media & Investments (up 1.79%), Tips Music (up 1.73%), PVR Inox (up 1.28%) and D B Corp (up 1.23%), Saregama India (up 1.09%), Zee Entertainment Enterprises (up 0.85%), Nazara Technologies (up 0.62%) added.
Stocks in Spotlight:
Surya Roshni rallied 5.66% after the company announced a fresh order win worth Rs 75.40 crore from Gujarat Gas.
Dee Development Engineers jumped 5.15% after the company announced that it has bagged a purchase order worth $10 million from a customer for providing piping fabrication work.
KEC International rallied 3.85% after the company announced that it has secured new orders of Rs 1,236 crore in its civil business.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
4 minutes ago
- Mint
Stocks edge up, dollar steady as ceasefire buoys confidence
TOKYO (Reuters) -Stocks ticked higher and crude oil held not far from multi-week lows on Wednesday, as investors took a ceasefire between Israel and Iran as a green light to head back into riskier assets and cast aside immediate worries about an energy shock. The dollar languished close to an almost four-year low versus the euro, with two-year U.S. Treasury yields sagging to 1-1/2-month troughs as lower oil prices reduced the risk to bonds from an inflation spike. The shaky truce has so far held, although Israel says it will respond forcefully to Iranian missile strikes that came after U.S. President Donald Trump announced an end to the hostilities. In addition, U.S. airstrikes did not destroy Iran's nuclear capability and only set it back by a few months, according to a preliminary U.S. intelligence assessment, contradicting Trump's earlier comments that Iran's nuclear programme had been "obliterated". Europe's Stoxx 600 index edged up 0.2% in early trade, while S&P 500 futures and Nasdaq futures were flat. Japan's Nikkei rose 0.4%, while Hong Kong's Hang Seng climbed 1.3% and mainland Chinese blue chips gained 1.44%, closing at their highest level since March 20. An MSCI index of global stocks held steady after pushing to a record high overnight. "If the still tense situation in the Middle East does indeed continue to calm down, the stock markets could have a pleasant July ahead of them, in line with their typical seasonal pattern," analysts at Frankfurt-based Metzler said. "This would result in new all-time highs in the U.S., possibly further fuelled by renewed expectations of interest rate cuts by the Fed." A series of U.S. macroeconomic data released overnight including on consumer confidence showed possibly weaker than expected economic growth in the world's largest oil consumer, bolstering expectations of Federal Reserve rate cuts this year. Brent crude rose 2% to $68.43 per barrel, bouncing a bit following a plunge of as much as $14.58 over the previous two sessions. U.S. West Texas Intermediate crude was up as much to trade at $65.60 per barrel. "While concerns regarding Middle Eastern supply have diminished for now, they have not entirely disappeared, and there remains a stronger demand for immediate supply," analysts at ING wrote in a note to clients. The two-year U.S. Treasury yield was at its lowest since May 8 at 3.7848%. The euro slipped 0.1% to $1.1594, still close to the overnight high of $1.1641, a level not seen since October 2021, while the U.S. dollar index, which measures the currency against six major counterparts, was only slightly higher at 98.079. Gold rose marginally to about $3,328 per ounce. Aside from geopolitics, U.S. monetary policy continues to dominate investor concerns. Federal Reserve Chair Jerome Powell said on Tuesday that higher tariffs could begin raising inflation this summer, a period that will be key to the U.S. central bank considering possible rate cuts. Markets continue to price in a roughly 19% chance that the Fed will cut rates by a quarter point in July, according to the CME FedWatch tool.
Time of India
11 minutes ago
- Time of India
Revised Jharia master plan gets Cabinet nod, Rs 5,940 crore outlay approved, livelihoods and resettlement prioritised
File photo (TOI) The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, on Wednesday approved the Revised Jharia Master Plan (JMP) for dealing with fire, land subsidence, and rehabilitation of families affected by decades of underground coal fires in the Jharia coalfield of Jharkhand. The revised plan entails a total financial outlay of Rs 5,940.47 crore and will be implemented in a phased manner, with priority given to the most vulnerable sites. According to a government statement, the revised plan places stronger emphasis on sustainable livelihood generation. Families being resettled will receive targeted skill development training and access to income-generating opportunities to help ensure long-term economic stability. As part of the revised package, both Legal Title Holder (LTH) and Non-Legal Title Holder (Non-LTH) families will be eligible for a one-time Livelihood Grant of Rs 1 lakh and institutional credit support of up to Rs 3 lakh. The Cabinet also approved the development of comprehensive infrastructure and essential amenities at the resettlement sites. This includes roads, electricity, water supply, sewerage systems, schools, hospitals, skill development centres, community halls, and other facilities. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Perdagangkan CFD Emas dengan Broker Tepercaya IC Markets Mendaftar Undo These will be created in line with recommendations from the Committee for Implementation of the Revised Jharia Master Plan. To further promote livelihood opportunities, a dedicated Jharia Alternative Livelihoods Rehabilitation Fund will be set up. Skill development activities will also be undertaken in partnership with Multi Skill Development Institutes operating in the region, the statement added Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
News18
11 minutes ago
- News18
Bank Of Baroda Presents Rs 2,762 Cr Dividend To Govt After Record Profit
Last Updated: Bank of Baroda gave a Rs 2,762 crore dividend cheque to Finance Minister Nirmala Sitharaman for FY 2024-25. The Bank's net profit was Rs 19,581 crore. Bank of Baroda (Bank) presented a dividend cheque of Rs 2,762 crore for the financial year ended March 31, 2025, to Hon'ble Union Minister of Finance and Corporate Affairs, Smt. Nirmala Sitharaman. The cheque was handed over by Debadatta Chand, Managing Director & CEO, Bank of Baroda, at the Finance Minister's office in North Block, New Delhi. For FY 2024-25, the Bank recorded an all-time high standalone net profit of Rs 19,581 crore, registering a year-on-year growth of 10.1%. The Bank declared a dividend of Rs 8.35 per equity share for FY 2024-25 which is 418% of the face value per share of Rs.2/-. Bank of Baroda Ltd.'s standalone net profit for the quarter ended March increased by 3.3% to Rs 5,048 crore, compared to Rs 4,886 crore in the same period last year. The net interest income—the difference between interest earned and interest paid—dropped 7% to Rs 11,020 crore for the quarter, down from Rs 11,793 crore reported in the corresponding quarter of the previous fiscal year. This figure is below Bloomberg's estimates. The net NPA ratio decreased by 10 basis points to 0.58% from 0.59% in the previous quarter. In absolute terms, the net NPA increased to Rs 6,994.24 crore from Rs 6,825.06 crore. Operating profit saw a slight rise of 0.3% to Rs 8,132 crore, compared to Rs 8,106 crore in the same quarter last year. Provisions increased by 43.4% to Rs 1,552 crore, up from Rs 1,082 crore in the previous quarter. The Government of India holds a majority stake of over 60% in Bank of Baroda. The dividend adds to the Centre's non-tax revenue, supporting fiscal consolidation efforts. First Published: June 25, 2025, 15:29 IST
