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.
You may also like: Stanley Lifestyles IPO
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.
Also Read: Quant mutual fund: SEBI’s investigation reveals front-running suspicions
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.
Stay updated with StockGro for more insights into market movements and trends.
