Closing Bell June 25: Nifty, Sensex Up 0.14% Each

On Thursday, the Indian bourses ended the day trading higher, with the Nifty 50 opening at 24,125.85, reaching a high of 24,261.60, and closing at 24,056.00, up by 0.14%. Similarly, the BSE Sensex opened at 77,391.07, reached a high of 77,803.18, and ended at 77,100.47, up by 0.14%.

The Indian markets traded in the green amid positive investor sentiment as India and the U.S continue negotiations on a bilateral trade agreement, focusing towards the implications of Section 301 of the U.S Trade Act and after RBI Governor Sanjay Malhotra's remarks ruled out a near-term rate hike.

Reasons for the positive sentiment

The following are the reasons for the positive sentiment in the stock market:

Crude oil prices declined, easing inflationary pressure for oil-importing countries like India.
Positive cues from broader Asian markets.
The rupee appreciated 31 paise to 94.24 against the U.S dollar.
India VIX, the volatility index for domestic markets, declined 2.54% to 13.05, signalling the rising stability in the Indian markets.

Major Indices Today

Indices	LTP	Prev close	Change
Nifty 50	24,056.00	24,021.65	0.14%
BSE Sensex	77,100.47	76,991.22	0.14%
Next 50	72,199.55	72,060.50	0.19%
Bank Nifty	58,177.05	58,150.35	0.05%
Fin Nifty	26,770.55	26,736.00	0.13%

The benchmark indices, Nifty 50 and Sensex, traded in the green, led by the gains in Mahindra & Mahindra, ICICI Bank, and HDFC Bank shares.
Nifty Next 50 traded higher, amid gains in Tata Motors Commercial Vehicles, Samvardhana Motherson International, and TVS Motors shares.
Nifty Bank traded in the green after RBI Governor Sanjay Malhotra's remarks on a near-term rate hike eased concerns over tighter monetary conditions and suggested a stable interest rate environment in the near term.

Sectoral Indices Today

Indices	LTP	Prev close	Change
Nifty IT	27,330.85	27,566.70	-0.86%
Nifty Auto	26,977.75	26,384.35	2.25%
Nifty FMCG	49,419.25	49,085.10	0.68%
Nifty Pharma	24,969.50	25,018.95	-0.20%
Nifty Healthcare	15,963.40	15,954.00	0.06%
Nifty Oil & Gas	11,143.30	11,241.60	-0.87%

Nifty IT traded in red amid profit booking after the recent rally.
Nifty Auto traded higher amid a rally in auto and auto ancillary shares after a decline in crude oil prices.
Nifty FMCG traded in the green amid positive market sentiment.
Nifty Pharma traded in red amid selling pressure after the recent rally.
Nifty Oil & Gas traded in red after India booked a supertanker to transport oil from the Persian Gulf at a rate of almost 897% of its benchmark freight costs.

Market Movers Today

Metal shares, namely, National Aluminium (NALCO), Vedanta, and Hindustan Zinc, were down by 3%, while Hindustan Copper, Hindalco, and APL Apollo Tubes were down by 1% each after analysts from WealthMills Securities and Choice Broking believed that fears of a global growth slowdown are tempering the demand outlook for base metals.
Vijaya Diagnostic shares rose by 3% after Emkay Global Financial Services reiterated its buy rating on the stock and maintained its target price of ₹1,400 after hosting the company's senior management for a non-deal roadshow in Singapore, saying it returned with "greater conviction on the company's growth trajectory, with both volume drivers and margin levers appearing robust."
Rajesh Exports shares dropped by 5% to hit a lower circuit on ED's scrutiny intensified around the company, with a report indicating that the Serious Fraud Investigation Office (SFIO) is set to launch a probe into the company after the ED disclosed findings from search and seizure operations conducted at nine locations linked to the company and its associates under the Foreign Exchange Management Act (FEMA).
Dixon Technologies rose by 1% after after JM Financial Institutional Securities upgraded the stock rating to 'buy' from 'add' and raised its target price by 27% to ₹14,200, citing the company's joint venture with Vivo is expected to start contributing to its profit and loss statement by the end of the September quarter.

Top Gainers

Company Name	LTP	Prev Close	Change
Samvardhana Motherson International	151.71	144.58	4.93%
Oracle Financial Services Software	10,974.50	10,468.50	4.83%
Interglobe Aviation	5,450.00	5,207.20	4.66%
Mahindra & Mahindra	3,182.20	3,064.50	3.84%
Max Healthcare Institute	1,123.35	1,081.70	3.85%

Top Losers

Company Name	LTP	Prev Close	Change
Bandhan Bank	201.76	211.76	-4.72%
NALCO	332.15	348.55	-4.71%
Hindustan Zinc	518.05	541.95	-4.41%
Supreme Industries	3,421.90	3,535.40	-3.21%
Muthoot Finance	3,025.60	3,129.90	-3.33%

52W High Stocks

Company Name	LTP	52W high	Change
Adani Enterprises	3,038.00	3,105.00	-1.03%
Pidilite Industries	1,597.00	1,620.70	1.14%
Apollo Hospitals	8,592.00	8,693.50	0.22%
Aditya Birla Capital	390.80	399.35	-1.01%
Aurobindo Pharma	1,555.20	1,565.00	1.61%

52W Low Stocks

Company Name	LTP	52W low	Change
Vedanta Aluminium Metal	442.82	439.98	-4.39%
Birlasoft	300.70	300.10	-2.34%
CSB Bank	324.60	321.80	-5.57%
Ramky Infrastructure	404.45	401.10	-2.21%
Shivalik Rasayan	212.90	206.40	0.83%

High Volume Stocks Today

Company Name	LTP	Prev Close	Change
Vodafone Idea	14.06	14.31	-1.75%
Yes Bank	24.87	24.94	-0.28%
Ashok Leyland	160.68	154.91	3.72%
Suzlon Energy	57.14	57.91	-1.33%
HDFC Bank	796.30	793.20	0.39%

IPO

CSM Technologies IPO is open and will close on 29th June. The price band set for the IPO is from ₹107 to ₹113 per equity share.
Waterways Leisure Tourism IPO closed today. The price band set for the IPO is from ₹769 to ₹808 per equity share.
Advit Jewels IPO closed today. The price band set for the IPO is from ₹130 to ₹138 per equity share.

Market Announcements

Tata Chemicals shares rose by 4% on hopes of Tata Sons listing after the RBI tightened rules for upper-layer NBFCs, adding pressure for mandatory listings above ₹1 lakh crore in assets.
Sterlite Technologies shares rose by 5% to hit an upper circuit after the company launched a qualified institutional placement (QIP) issue at a floor price of ₹613.69 per equity share.