The Nifty 50 peaked at 23,754.15, while the Sensex reached 78,164.71 during the session. By closing, the Nifty 50 rose by 183 points (0.78%) to 23,721.30, and the Sensex gained 712 points (0.92%) to settle at 78,053.52, both marking fresh closing records.
Despite mid and small-cap segments struggling, the overall market capitalisation of BSE-listed firms marginally increased from about ₹435.6 lakh crore to ₹435.8 lakh crore compared to the previous session.
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Impact on the stock market
Among sectoral indices, Nifty Bank and Nifty Private Bank each rose by 1.7%, while Nifty IT increased by 0.8%.
Conversely, Nifty Realty declined by 1.75%, with Nifty Metal and Nifty Media falling by 0.7% and 0.5%, respectively.
| Sector/Index | Performance |
| Information Technology | +0.81% |
| Healthcare | +0.11% |
| Oil & Gas | -0.45% |
| Realty | -1.75% |
| PSU Banks | +0.13% |
Today top gainers in stock market
| Company | Price | Change (%) |
| Shriram Finance share price | 2,989.85 | +3.73% |
| Axis Bank share price | 1,271.45 | +3.53% |
| ICICI Bank share price | 1,197.95 | +2.38% |
| HDFC Bank share price | 1,711.35 | +2.33% |
| HDFC Life share price | 590.95 | +1.98% |
Today top losers in stock market
| Company | Price | Change (%) |
| BPCL share price | 296.30 | -2.93% |
| Eicher Motors share price | 4,775.05 | -1.97% |
| Power Grid Corp share price | 327.40 | -1.67% |
| Asian Paints share price | 2,858.45 | -1.30% |
| Tata Steel share price | 175.68 | -1.28% |
Market aftermath: Impact on stocks today
Amara Raja soars 20%
Amara Raja shares surged 20% to a record high of ₹ 1,656 on June 25 following a technical licensing agreement with China’s Gotion High-Tech for lithium-ion cell technology. Since the start of the year, the stock has rallied over 100%.
In Q4 FY24, Amara Raja reported a 61.4% YoY increase in net profit to ₹ 229.8 crore and a 19.5% rise in revenue to ₹ 2,908 crore. EBITDA grew by 16.2% to ₹ 410.4 crore.
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Bandhan Bank shares plunge 4%
Bandhan Bank shares tumbled 4% after RBI appointed Arun Kumar Singh as an additional director ahead of CEO Chandra Shekhar Ghosh’s retirement on July 9, 2024. Singh, a retired RBI Chief General Manager, will serve on the Board from June 24, 2024, to June 23, 2025.
The market reacted negatively, with shares dropping to ₹ 198.8 apiece. Macquarie views this as a prudent interim measure to ensure proper functioning, amid concerns over internal CEO candidates. Ghosh will take on a strategic role at Bandhan Group post-retirement.
Borosil shares surge 4%
Borosil shares jumped 4% on June 25 after the firm announced a Qualified Institutional Placement (QIP) to raise ₹ 250 crore at a floor price of ₹331.75 per share. Borosil, a market leader with over 60% share in microwavable glassware, operates four manufacturing facilities and distributes products in 70+ countries.
At 11:57 am, shares traded at ₹357.55 on NSE, up 3.7%. Year-to-date, the stock gained over 5% but fell 16% over the past year, lagging behind Nifty 50’s 25% rise.
Crude oil latest news
Crude oil futures traded marginally lower on Tuesday morning amid ongoing economic challenges in China. At 9:14 am, September Brent oil futures were at $85.12, down 0.04%, and August WTI crude futures were at $81.62, down 0.01%.
On the Multi Commodity Exchange (MCX), July crude oil futures were at ₹6817, down 0.07% from the previous close of ₹6822, and August futures were at ₹6778, down 0.03% from the last close of ₹6780.
Conclusion
In summary, June 25 was a landmark day for the Indian stock market as the Nifty 50 and Sensex achieved new record highs despite global uncertainties.
Amara Raja surged significantly on a strategic agreement, while Bandhan Bank faced a setback with leadership changes. Borosil also made headlines with its fundraising efforts. Crude oil futures saw marginal declines amidst economic challenges.
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