The Nifty 50 reached a record high of 23,667.10 after opening but couldn’t maintain gains. The Sensex fell by 269 points (0.35%) to 77,209.90, while the Nifty 50 lost 66 points (0.28%) to close at 23,501.10.
The total market capitalisation of BSE-listed firms dropped from nearly ₹435.7 lakh crore to ₹434.5 lakh crore, resulting in a loss of about ₹1.2 lakh crore for investors in a single session.
Impact on the stock market today
Nifty Media (up 0.95%), IT (up 0.76%), Consumer Durables (up 0.75%), and Metal (up 0.40%) ended in the green.
Among the losers, Nifty FMCG (down 1.20%), PSU Bank (down 1.14%), and Oil & Gas (down 1.07%) saw significant declines.
The Nifty Bank index fell 0.24%, while the Private Bank index ended 0.15% lower.
| Sector/Index | Performance |
| Information Technology | +0.76% |
| Healthcare | -0.09% |
| Oil & Gas | -1.07% |
| Realty | -0.74% |
| PSU Banks | -1.14% |
Today top gainers in share market
| Company | Price | Change (%) |
| Bharti Airtel share market | 1,416.05 | +2.53% |
| LTIMindtree share market | 5,125.45 | +1.44% |
| Hindalco share market | 684.50 | +1.18% |
| Infosys share market | 1,532.70 | +1.14% |
| Adani Ports share market | 1,485.50 | +1.10% |
Today top losers in share market
| Company | Price | Change (%) |
| UltraTechCement share market | 10,662.40 | -2.21% |
| Adani Enterprises share market | 3,189.30 | -2.15% |
| BPCL share market | 307.60 | -1.77% |
| Tata Motors share market | 961.80 | -1.68% |
| TATA Cons. Prod share market | 1,084.90 | -1.66% |
Market aftermath: Impact on stocks today
Vodafone Idea surges 4% after completing 5G rollout obligations
Vodafone Idea shares rose 4% after completing its 5G rollout obligation in all 17 circles, with network testing approved by the Department of Telecommunications. The company incurred a ₹1 crore penalty for the delayed rollout.
Over the past year, Vodafone Idea stock surged 120%, outperforming the Nifty’s 25% gain. Recently, Vodafone sold an 18% stake in Indus Towers for €1.7 billion to repay €1.8 billion in outstanding loans and raised Rs 18,000 crore through an FPO and ₹2,075 crore from a promoter group.
Also Read: Vodafone Idea 18,000 crore FPO: Should you invest?
GE Power India soars 6%
GE Power India stock surged over 6% to ₹ 416.95 on securing a ₹ 243.46 crore contract from NTPC GE Power Services for renovating and modernising LMZ steam turbines at Wanakbori Thermal Power Station.
The 33-month project aims to boost efficiency and extend turbine life. Over the past year, GE Power India’s stock has soared 150%, significantly outperforming the Nifty’s 25% gain. NGSL led the contract, with GE Power India as a consortium partner.
RailTel soars 12%
Shares of RailTel Corporation surged 12% to ₹ 488, nearing its 52-week high of ₹ 491, after securing a ₹ 20.22 crore work order from South Central Railway. Year-to-date, RailTel shares have climbed 44%, outperforming the Nifty 50’s 8% rise.
This month, the company has also received orders from Tamil Nadu Fibernet Corporation, National Informatics Centre Services, and the Ministry of Defence. In Q4 FY24, RailTel’s profit after tax rose 3% YoY to ₹ 77.5 crore, with total income reaching ₹ 852 crore.
Also Read: https://www.stockgro.club/blogs/trending/railway-sector-india/
Crude oil futures decline
Crude oil futures traded lower on Friday morning despite declining US inventories. At 9:12 am, August Brent oil futures were at $85.58, down 0.15%, and August WTI crude oil futures were at $81.18, down 0.14%.
July crude oil futures on the Multi Commodity Exchange (MCX) traded at ₹6787, down 0.18% from the previous close of ₹6799, while August futures were at ₹6745, down 0.22% from ₹6760.
Conclusion
In summary, June 21 saw the Sensex and Nifty 50 end lower due to weak global sentiment.
Notable gainers included Vodafone Idea, GE Power India, and RailTel on the back of positive news and contracts. Meanwhile, crude oil futures declined slightly.
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