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Indian equity benchmarks ended on a strong note on Thursday amid spurt in buying activities in the last hour of trade. The market extended buying momentum for the third straight day amid expiries of Nifty weekly and monthly derivatives contracts. The BSE Sensex ended 1,000 points higher at 83,756, and the Nifty settled 1.2% higher at 25,549. The top gainers on the BSE Sensex pack Adani Ports, Bajaj Finance, Eternal (Zomato), Bharti Airtel, RIL and HDFC Bank.
Indian equity benchmarks ended on a strong note on Thursday amid spurt in buying activities in the last hour of trade. The market extended buying momentum for the third straight day, amid expiries of Nifty weekly and monthly derivatives contracts.
Shares of Reliance Industries (RIL) jumped over 2% to hit an intraday high of ₹1498.70 on the BSE, while its market capitalisation climbed to ₹20.25 lakh crore. The rally in RIL share price was in sync with benchmark indices, BSE Sensex and NSE Nifty, which rallied over 1% each.
The National Stock Exchange (NSE) is set to launch cash-settled monthly electricity futures contracts in India within a few weeks, following approval from Securities and Exchange Board of India (Sebi). This move aims to provide a crucial hedging tool for participants in the power market by allowing buyers, sellers, traders, industrial and retailers to manage price risks.
The Indian benchmark indices BSE Sensex and NSE Nifty rallied over 1% in the final hour of trade, led by gains in the index heavyweights such as RIL, HDFC Bank, Axis Bank, Adani Ports, Bajaj Finance, Eternal (Zomato), Bharti Airtel.
Driven by strong rally in bank stocks, the Nifty Bank index hit a fresh all-time high of 57,204.40, led by private lenders such as HDFC Bank and Axis Bank. The share price of Axis Bank jumped 1.5%, while HDFC Bank shares hit a fresh all-time high on sustained rally for the third straight session as its subsidiary HDB Financial Services garner decent responses from investors for its ₹12,500 IPO.
Shares of Jio Financial Services surged 3% to a high of ₹312.40 on the BSE after the company infused capital into its payment bank arm. Jio Financial has been allotted 19 crore equity shares of ₹10 each of Jio Payments Bank Limited, wholly owned subsidiary, for cash at par, aggregating ₹190 crore.
Deepak Builders Ltd. shares jumped over 4.5% on Thursday, June 26, after the company announced it had received a Letter of Acceptance (LoA) for the construction of a shopping mall in Haryana. The project, valued at ₹142 crore, sparked strong buying interest in the stock during the session.
India’s defence stocks witnessed a surge in investor interest on Thursday after NATO announced plans to significantly ramp up its defence spending. The alliance’s new goal—to allocate 5% of GDP towards defence by 2035, up from the previous 2% benchmark—has sparked optimism across global defence markets.
The Nifty India Defence Index climbed over 1%, led by strong gains in names like Hindustan Aeronautics Ltd (HAL), Bharat Electronics Ltd (BEL), Paras Defence, Data Patterns, and Zen Technologies.
Robust buying in heavyweight private lenders—HDFC Bank, Axis Bank, and ICICI Bank—propelled the Nifty Bank index to a fresh lifetime high of 57,076, eclipsing the earlier peak of 57,049 set on 9 June. Persistent demand for banking shares on Dalal Street now positions the index to end June in positive territory, which would mark its fourth consecutive monthly advance—its longest winning streak since March 2016.
Indian bank shares advanced for a third straight session on Thursday, 26 June, buoyed by stronger risk appetite after the Israel–Iran ceasefire and by hopes of a credit-growth revival fuelled by the Reserve Bank’s recent liquidity support. The twin tailwinds—firm global sentiment and expectations of faster loan expansion—kept investors firmly positioned in the sector.
Shares of consumer durables makers Whirlpool and Voltas rose on Thursday following reports that rival Panasonic may exit unprofitable segments such as refrigerators and washing machines in the Indian market. The move is seen as a potential boost to domestic players, who could gain market share as competition eases in these categories.
Nestlé India, maker of Maggi noodles, said on Thursday that its board has approved a bonus issue of one share for every share held. The company will announce the record date for determining shareholder eligibility in due course. Following the announcement, Nestlé India stock rose about 1 per cent to ₹2,430 on the BSE.
Indian equity markets surged on Thursday, with the Sensex rallying over 600 points and the Nifty crossing the 25,400 mark in intraday trade. Strong buying in metal and financial stocks led the gains, reflecting improved investor sentiment.
Indian markets opened on a positive note Thursday, with the Sensex rising over 150 points in early trade and the Nifty hovering close to the 25,300 mark. Buying was seen across sectors, with BEL and Nestle emerging as the top gainers in the opening session. Strong global cues and investor optimism around upcoming earnings supported the market sentiment.
U.S. stocks ended mixed on Wednesday, pausing a two-day rally as investors monitored the fragile Israel-Iran ceasefire and parsed comments from Federal Reserve Chair Jerome Powell during his second day of congressional testimony. The Dow fell 0.25%, the S&P 500 closed flat, and the Nasdaq rose 0.31%.
Attention in Thursday’s session will centre on SBI, JSW Energy, JSW Steel, Rashtriya Chemicals, and Tata Steel after a flurry of corporate updates.
Oil prices today ticked higher in early Asian trading, building on the previous session’s gains after government data showed a bigger-than-forecast drawdown in U.S. crude inventories—evidence of robust demand. Brent crude futures advanced 0.2 % to $67.80 a barrel, while U.S. West Texas Intermediate (WTI) crude climbed 0.3 % to $65.12. Traders remain cautious, however, as the fragile Iran-Israel ceasefire and ongoing Middle East tensions continue to cast a shadow over global energy markets.
Asian equities wobbled on Thursday as investors weighed a tangle of geopolitical, economic, and fiscal risks ahead of U.S. President Donald Trump’s looming tariff deadline. Oil prices held steady, while the euro hovered near its highest level in three-and-a-half years.
MSCI’s broad Asia-Pacific index outside Japan was flat in early trading. Tokyo’s Nikkei bucked the regional trend, climbing 0.9 % to a four-month high.
As of 7:20 a.m., GIFT Nifty futures inched up 30 points, or 0.12%, to 25,291, signalling a subdued opening for the Sensex and Nifty 50.