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Mint
2 days ago
- Business
- Mint
Sensex, Nifty 50 fall 1%; mid, small-caps bleed more— 10 key highlights from Indian stock market today
The Indian stock market witnessed an across-the-board selloff on Thursday, June 12, in sync with several of its global peers amid rising geopolitical tension, lingering tariff-related anxieties and growing concerns over the dimming global economic growth outlook. The Sensex closed with a loss of 823 points, or 1 per cent, at 81,691.98, while the Nifty 50 settled 253 points, or 1.01 per cent, lower at 24,888.20. The BSE Midcap and Smallcap indices dropped 1.52 per cent and 1.38 per cent, respectively. The sharp selloff in the Indian stock market made investors lose over ₹ 6 lakh crore in a single session as the cumulative market capitalisation of BSE-listed firms dropped to nearly ₹ 449.5 lakh crore from ₹ 455.6 lakh crore in the previous session. The Indian stock market suffered deep losses amid rising tensions in the Middle East and lingering trade war concerns. Deteriorating outlook of the global economic growth, stretched valuations of the domestic market, and the lack of fresh positive triggers seem to have prompted investors to take money off the table after recent gains. "Consolidation in domestic markets is evolving into a broad-based trend, now extending to large-cap stocks. Valuation concerns and rising oil prices—driven by Middle East tensions—are fuelling risk aversion among investors," Vinod Nair, Head of Research, Geojit Investments Limited, observed. "Adding to the uncertainty, the US is considering unilateral tariff hikes on several key trading partners, with a decision expected within the next one to two weeks, ahead of an early July deadline," Nair added. Only seven stocks- Apollo Hospitals Enterprise (0.96 per cent), Asian Paints (up 0.73 per cent), Bajaj Finserv (up 0.46 per cent), Dr. Reddy's Laboratories (up 0.38 per cent), Tech Mahindra (up 0.37 per cent), Wipro (up 0.05 per cent) and Oil & Natural Gas Corporation (up 0.01 per cent)- ended in the green in the Nifty 50 index. Tata Motors (down 2.98 per cent), Titan Company (down 2.62 per cent) and Trent (down 2.62 per cent) were the top losers in the Nifty pack of stocks. Nifty Realty, Consumer Durables, Oil & Gas, Auto and Metal indices dropped up to 2 per cent. Nifty Bank declined 0.67 per cent, while the PSU Bank index crashed 1.27 per cent and the Private Bank index fell 0.79 per cent. GTL Infrastructure (120.75 crore shares), Vodafone Idea (41.47 crore shares), and RattanIndia Power (24.78 crore shares) were the most active stocks in terms of volume on the NSE. Karma Energy, Hubtown, Zenith Steel Pipes & Industries, Shah Metacorp and KBC Global were among the 10 stocks that rose over 10 per cent on the NSE. Some 92 stocks, including GTL Infrastructure, Hubtown, Suven Life Sciences, Z-Tech (India), Hilton Metal Forging and Revathi Equipment India, hit their upper circuits in intraday trade on the NSE. On the other hand, Kanpur Plastipack, Digitide Solutions and Kernex Microsystems (India) were among the 41 stocks that hit their lower circuits. (This is a developing story. Please check back for fresh updates.) Read all market-related news here Read more stories by Nishant Kumar Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions, as market conditions can change rapidly, and circumstances may vary.
Economic Times
2 days ago
- Business
- Economic Times
GTL Infrastructure shares rally 42% in 2 days amid sectoral momentum
Traders chase momentum Live Events Mixed long-term returns, strong recent run Technical charts suggest momentum Fundamentals remain weak (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of GTL Infrastructure surged 42% over the past two trading sessions, climbing as much as 18.7% on Thursday to Rs 2.16 on the BSE, as investors piled into the small-cap telecom infrastructure stock despite no fresh corporate rally is being driven by speculative interest and bullish technical indicators, alongside renewed optimism in the 5G infrastructure Thursday alone, nearly 66 crore GTL Infra shares changed hands on the NSE, highlighting elevated retail participation. The counter has drawn momentum-driven buying as broader markets turn favourable for small-cap infrastructure Wednesday, June 11, GTL Infrastructure had already posted a strong gain of 12.5% to Rs 1.71 as of 11:46 IST, emerging as the biggest gainer in the BSE's 'A' group. Volumes surged to 390.79 lakh shares, compared with a one-month average of 87.54 lakh Infra rose to the top of the volume leaderboard, driven by traders seeking short-term gains amid strong market momentum. Optimism surrounding telecom infrastructure, particularly the 5G rollout, along with a broader rally in small-cap infrastructure stocks, has fuelled interest in the recent enthusiasm, GTL Infrastructure's longer-term performance remains subdued. Over the last one year, shares are up just nearly 2%, while having declined 6.3% over the past six months. However, the short-term trend has turned sharply positive: the stock has gained 34% in the last three months and soared 39.3% in just the past one a technical perspective, GTL Infra is showing bullish momentum. The stock is trading above all eight of its key simple moving averages — the 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, 150-day, and 200-day SMAs — signalling strength across short-term and long-term indicators also point to sustained upside. The Relative Strength Index (RSI) stands at 79.8, well above the overbought threshold of 70, suggesting that a short-term pullback may be the Moving Average Convergence Divergence (MACD) is at 0, staying above both the center and signal lines, reinforcing the current bullish the company continues to struggle. In May, GTL Infrastructure reported a net loss of Rs 248.89 crore for the March 2025 quarter, widening from Rs 214.72 crore a year earlier. Revenue for the period rose marginally by 1.79% year-on-year to Rs 337.02 crore, while EBITDA grew 12.58% to Rs 49.22 crore.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
2 days ago
- Business
- Time of India
GTL Infrastructure shares rally 42% in 2 days amid sectoral momentum
GTL Infrastructure shares: On Thursday, around 66 crore GTL Infra shares were traded on the NSE, reflecting strong retail interest. The stock has attracted momentum-based buying amid improving sentiment in the broader market for small-cap infrastructure companies. Tired of too many ads? Remove Ads Traders chase momentum Tired of too many ads? Remove Ads Mixed long-term returns, strong recent run Technical charts suggest momentum Fundamentals remain weak Shares of GTL Infrastructure surged 42% over the past two trading sessions, climbing as much as 18.7% on Thursday to Rs 2.16 on the BSE, as investors piled into the small-cap telecom infrastructure stock despite no fresh corporate rally is being driven by speculative interest and bullish technical indicators, alongside renewed optimism in the 5G infrastructure Thursday alone, nearly 66 crore GTL Infra shares changed hands on the NSE, highlighting elevated retail participation. The counter has drawn momentum-driven buying as broader markets turn favourable for small-cap infrastructure Wednesday, June 11, GTL Infrastructure had already posted a strong gain of 12.5% to Rs 1.71 as of 11:46 IST, emerging as the biggest gainer in the BSE's 'A' group. Volumes surged to 390.79 lakh shares, compared with a one-month average of 87.54 lakh Infra rose to the top of the volume leaderboard, driven by traders seeking short-term gains amid strong market momentum. Optimism surrounding telecom infrastructure, particularly the 5G rollout, along with a broader rally in small-cap infrastructure stocks, has fuelled interest in the recent enthusiasm, GTL Infrastructure's longer-term performance remains subdued. Over the last one year, shares are up just nearly 2%, while having declined 6.3% over the past six months. However, the short-term trend has turned sharply positive: the stock has gained 34% in the last three months and soared 39.3% in just the past one a technical perspective, GTL Infra is showing bullish momentum. The stock is trading above all eight of its key simple moving averages — the 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, 150-day, and 200-day SMAs — signalling strength across short-term and long-term indicators also point to sustained upside. The Relative Strength Index (RSI) stands at 79.8, well above the overbought threshold of 70, suggesting that a short-term pullback may be the Moving Average Convergence Divergence (MACD) is at 0, staying above both the center and signal lines, reinforcing the current bullish the company continues to struggle. In May, GTL Infrastructure reported a net loss of Rs 248.89 crore for the March 2025 quarter, widening from Rs 214.72 crore a year earlier. Revenue for the period rose marginally by 1.79% year-on-year to Rs 337.02 crore, while EBITDA grew 12.58% to Rs 49.22 crore.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Business Standard
09-05-2025
- Business
- Business Standard
GTL Infrastructure reports standalone net loss of Rs 248.89 crore in the March 2025 quarter
Sales rise 1.79% to Rs 337.02 crore Net Loss of GTL Infrastructure reported to Rs 248.89 crore in the quarter ended March 2025 as against net loss of Rs 214.72 crore during the previous quarter ended March 2024. Sales rose 1.79% to Rs 337.02 crore in the quarter ended March 2025 as against Rs 331.09 crore during the previous quarter ended March 2024. For the full year,net loss reported to Rs 875.15 crore in the year ended March 2025 as against net loss of Rs 681.36 crore during the previous year ended March 2024. Sales declined 2.04% to Rs 1344.07 crore in the year ended March 2025 as against Rs 1372.01 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 337.02331.09 2 1344.071372.01 -2 OPM % 13.5712.17 - 20.5226.67 - PBDT -188.66-165.89 -14 -631.10-387.94 -63 PBT -248.89-199.29 -25 -875.15-665.93 -31 NP -248.89-214.72 -16 -875.15-681.36 -28
