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Stock Market Live Updates: Nifty Ended Higher at 25,112, Sensex Gained 1046 Pts; Trent, M&M Top Gainer
Stock Market Live Updates: The domestic equity benchmarks closed higher on Friday recovering from the losses, with the Sensex ending at 82,408.17, up 1046.30 points or 1.29%, while the Nifty 50 settled at 25,112.40, gaining 319.15 points or 1.29%.
Trent, Jio Finance, Mahindra & Mahindra and Bharti Airtel were top nifty gainers closing over 3%. While, Hero Moto corp, Dr. Reddy, Maruti, ONGC and Axis Bank were top nifty losers on June 20.
BSE Midcap and Smallcap closed higher by 1.2% and 0.55% respectively.
Nifty Reality was the top sectoral gainer of Nifty50, rising around 2% with Lodha (Macrotech Developers), Phoenix Ltd, Godrej Properties and Oberoi realty being the front runners.
Equity indices started the day positively mirroring gains in global markets. The BSE Sensex opened at 81,568.39, up by 206.52 points or 0.25%, while the NSE Nifty rose 59.20 points or 0.24% to begin the session at 24,852.45.
As of 8:45 AM on Friday, Gift Nifty Futures were trading marginally higher by 0.15% at 24,793, indicating a flat to subdued start for domestic equity market. The BSE Sensex and NSE Nifty50 may continue to trade in a narrow range.
On Thursday, the Nifty 50 index ended the session with a minor loss of 9.60 points or 0.04%, closing at 24,802.45. The BSE Sensex also witnessed mild profit booking, declining by nearly 50 points as traders opted to lock in gains after a strong rally in the past few sessions.
The muted global volatility and steady cues from Asian and US markets have so far failed to provide any major directional momentum. All eyes are now on upcoming macroeconomic developments, crude oil prices, and FII flows for further market direction.
Transformers and Rectifiers (India) receieves order from order(s)/contract(s) Jindal Energy Botswana
Transformers and Rectifiers (India) Limited has secured Export Order of USD 16,645,724.00 from order(s)/contract(s) Jindal Energy Botswana.
Markets at 3 PM
Sensex is trading at 82,236.36 up by 874.49 or 1.07% while nifty 50 is trading at 25085.90 up by 292.65 or 1.18% at 3 PM.
HAL Wins Rs 511 crore Bid For Small Satellite Launch Vehicle Technology
Hindustan Aeronautics Ltd (HAL) has won the bid to build India’s small satellite launch rockets, marking the government’s biggest move so far to involve private companies in the growing space sector. Share price went over 1%.
Infosys Incorporated wholly owned subsidiary naming Infosys Ltd SPC
Infosys has incorporated a wholly owned subsidiary in the name and style of Infosys Ltd SPC. The BSE filing also says that it has been incorporated in Oman. Stock traded flat on the NSE at ₹1,618.60.
Poonawalla Fincorp Board Approves Rs 1,600 Crore Fund Raise
Poonawalla Fincorp has decided to raise up to Rs 1,600 crore by issuing non-convertible debentures (NCDs) through a private placement.
Japan's Nikkei Ends Lower as Middle East Tensions Worry Investors
Japan's Nikkei stock index fell on Friday after rising earlier in the day. It ended at 38,403.24 down by 85.11 points or 0.22%. The drop came as growing conflict in the Middle East made investors more cautious and affected market confidence.
Market Live Updates: Railway Stocks Rally
Indian railway stocks surged significantly on Friday, June 20th, after a sharp correction in the previous session. The outlook for the Indian railways sector is positive for FY26, on the back of large order books. The share price of BEML led the gains in the railway basket, with healthy buying sentiment in IRFC, RVNL, RailTel, Titagarh, and others. These stocks gained by 1% to 10%.
IndusInd Bank In Focus
The Department of Financial Services (DFS), Ministry of Finance, Government of India, honored IndusInd Bank with the Digital Payments Award 2023-24 on Friday. The bank received this honor for achieving exceptional performance in digital payments for the fiscal year 2023–2024, ranking third among private sector banks. According to the Department of Financial Services' official scorecard, the bank met its goal of 120% of digital transactions in FY23–24, which is the highest of any private sector bank in India.
Chalet Hotels In Focus
“We initiate coverage on Chalet Hotels with a BUY rating based on strong growth prospects on account of 1) Strong presence in key metro markets with limited supply 2) Robust expansion pipeline 3) Presence in commercial real estate provides much needed diversification 4) Healthy B/S which allows company to pursue incremental growth opportunities 5) Addition of leisure portfolio opens new avenue for growth. Chalet hotels has proved its expertise as an asset owner and developer over the years and we expect it to be the key beneficiary of the ongoing industry upcycle. We value the company at FY27E EV/EBITDA multiple of 25x and arrive at TP of Rs1,080. Initiate coverage with BUY rating,” said Yes Securities in a report.
Sagar Cements In Focus
“We recently met with the management of Sagar Cements and visited its Dachepalli plant in Andhra Pradesh. Key takeaways from the interaction include: (1) Cement prices in the Southern region have risen by INR 45–50/bag (+10–11% QoQ) from Mar’25 exit levels and have remained firm; (2) Southern region demand is expected to grow at 6–8% YoY, with the company targeting volume growth of 9–14% YoY to 6–6.3mt in FY26; (3) The management reiterated its long-term vision to double capacity every decade (~7% CAGR), aiming to reach 20mt by FY35; (4) Ongoing expansions are set to increase clinker and cement capacities by 7% and 14% to 7mt and 12mt, respectively, by 2QFY27; and (5) The sale of the Vizag land parcels is expected to fetch net proceeds of ~INR 3.5bn (~12% of Mcap),” said JM Financial Institutional Securities.
Nifty Tests 20-Day Moving Average: Technical Analysis
“From a technical analysis perspective, the Nifty50 index has marginally fallen below the 20-DEMA. This gradual decline observed throughout the week reinforces the need for a prudent stance moving forward. On the levels front, 24720-24700 is identified as a critical support zone. A breach of this level may lead to an escalation in selling activity towards the 24600-24500 zone in the near term. Conversely, 24900-25000 represents a significant resistance point and until a decisive breakout occurs above this level, it is advisable to maintain a cautious position in elevated areas. Considering the current market conditions, it is advisable to exercise caution and refrain from adopting aggressive trades until a definitive market direction becomes evident. During this period, it is crucial to remain vigilant to geopolitical developments and adopt a stock-focused approach while implementing robust risk management practices.” Sameet Chavan, Head Research, Technical and Derivative, Angel One
Broader Market Weakens Sharply Despite Stable Nifty
“Though Nifty hung around near previous close, broader market plunged, marking a strong divergence. Only 11% of Nifty 500 stocks closed above their respective 10-day SMAs, suggesting that we may have entered an extreme too soon, raising hopes of a pull back. As maintained yesterday, while dips to 24720-690 unfold, we will be on the watch out for upswings. Slippage past the same would however diminish the upswing hopes. But we do not expect a collapse to 24060 right away, with 24500 region expecting to step in, as maintained yesterday as well.” by Anand James, Chief Market Strategist, Geojit Investments Limited.
Bank Nifty Outlook
"The index remains within a contracting channel, as seen on the hourly chart. Despite multiple attempts, bulls have been unable to reclaim higher ground, while bears continue to test patience with a gradual drift toward the lower end of the channel. The daily RSI now hovers near 50, reflecting a loss of upward momentum. The MACD remains in negative territory, with no crossover in sight, highlighting the lack of a bullish setup. The index has slipped below the 20-day EMA (placed at 55,880), which now acts as immediate resistance. However, the broader positive trend is still intact, but the current price action hints at a critical inflection point. A decisive breakdown below the channel support could open the gates toward 55,200–55,000, while a move above 56,000 would be required to regain lost strength. A cautious approach is advised unless a breakout occurs on either side of the narrowing range." By Om Mehra, Technical Research Analyst, SAMCO Securities
Nifty Outlook
“The index remains trapped in a tight consolidation phase, with neither bulls nor bears able to assert dominance. The daily RSI remains muted at 51, failing to reclaim the bullish 60 mark, which highlights the ongoing range-bound momentum. Meanwhile, the MACD remains in negative territory, and the index continues to trade below both the 9-day and 20-day EMAs. While the higher high and higher low formation remains intact on the larger timeframe, the current pause near the support zone is crucial. A close below 24,700 could tilt the trend to the downside, whereas a breakout above 25,000 may reignite bullish momentum. In the near term, the index is likely to remain within the 24,600 to 25,000 band, and a meaningful directional move is expected only after a decisive breakout from this range.” By Om Mehra, Technical Research Analyst, SAMCO Securities
Nifty Likely to Stay Range-Bound
"Nifty which has been trading within the 24500-25000 range for about a month now is likely to remain within this range in the near-term. The upper side of the range will be broken only on news of deescalation of the Israel-Iran conflict or an abrupt end to the war. There is uncertainty on this. The lower side of the range is unlikely to break since big buying, particularly by domestic institutions, will emerge on dips. If the war lingers and crude rises beyond the lower band of the range will be broken. A distinct feature of the market trend visible in yesterday’s trade was the weakness in the broader market. While Nifty remained almost flat, SMIDs cracked with the smallcap index correcting sharply by 2%. This trend of weakness in the broader market is likely to continue since they are excessively valued and the ongoing risk-off can lead to further selling in this segment. Money may move from the over-valued SMIDs to the fairly valued, safe largecaps in financials, industrials, autos and real estate." by Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited.
US Market Update
Wall Street ended on a mixed note in the overnight session with the Dow Jones Industrial Average (DJIA) slipped 44.14 points, or 0.1%, to close at 42,171.66, weighed down by losses in select blue-chip stocks. Meanwhile, the tech-heavy Nasdaq bucked the trend, edging up by 25.18 points or 0.13% to settle at 19,546.27. The broader S&P 500 index saw a marginal decline of 1.85 points or 0.03%, ending the day at 5,980.87.
Asian market performance
Asian markets opened mixed on Friday, with cautious investor sentiment amid global uncertainties. Japan’s Nikkei slipped 0.11% while Australia’s ASX 200 fell by 38.9 points or 0.46%. On the other hand, South Korea’s KOSPI led the gains, rising 1.02%. Hong Kong’s Hang Seng Index (HSI) advanced by 0.97%. China’s Shanghai Composite saw a marginal uptick of 0.03% while the Shenzhen Component Index dipped 0.22%
Market In The Previous Close
Equity benchmarks closed slightly lower on June 18, with the Nifty slipping below the 24,850 mark. The BSE Sensex declined by 138.64 points, or 0.17%, to settle at 81,444.66, while the NSE Nifty fell by 41.35 points, also down 0.17%, ending the session at 24,812.05.
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