Gift Nifty Down 14 Points | Adani Group's Rs 1.3 Trillion Investment Plan | ICICI Bank Tops US$ 100 Billion Mark | Top Buzzing Stocks Today

Wed, 26 Jun Pre-Open

   Previous Close   

   10:30 am   

   Closing   

Indian share markets continued the momentum as the session progressed and ended on firm footing.

Equity market in India hit fresh all-time highs in trades on Tuesday led by a strong rally in large-cap private banking shares.

At the closing bell on Tuesday, the BSE Sensex stood higher by 712 points (up 0.9%).

Meanwhile, the NSE Nifty closed higher by 184 points (up 0.8%).

Axis Bank, HDFC Bank and ICICI Bank were among the top gainers.

BPCL, Eicher Motors and ONGC on the other hand, were among the top losers.

For impact of the Bank Nifty companies and comprehensive overview of the index, check out Equitymaster's Bank Nifty Companies list.

The BSE MidCap index ended 0.3% lower and BSE SmallCap index ended flat.

Sectoral indices are trading mixed with socks in banking sector, financial sector and IT sector witnessing most buying. Meanwhile stocks in power sector and realty sector witnessing selling pressure.

Gold prices for the latest contract on MCX were trading marginally higher at Rs 71,814 at the time of Indian market closing hours on Tuesday.

At 7:40 AM today, the Gift Nifty was trading down 14 points at 23,703 levels.

Indian share markets are headed for a muted start today following the trend on Gift Nifty.

Speaking of the stock market, in a recent video, Rahul Shah, Co-Head of Research at Equitymaster, discusses the essential quality for a successful investor aiming to outperform the market index by at least 5% annually.

Drawing inspiration from legendary investors like Warren Buffett, Shah emphasizes the importance of strategically adjusting one's investment style, shifting between aggressive and defensive approaches and selecting high-quality stocks at attractive valuation.

The author recommends using the Sensex PE ratio to determine when to be aggressive (PE < 20) or defensive (PE > 22) in the Indian stock market.

Tune into below video for more details.

Top buzzing stocks today

Hitachi Energy share price will be in focus today.

Hitachi Energy India on 25 June announced that it has received an order worth Rs 7.9 bn from fellow subsidiary Hitachi Energy Australia Pty for the development of high voltage direct current links between Tasmania and Victoria.

Borosil will also be a top buzzing stock.

Shares of Borosil Ltd jumped over 4% on 25 June, a day after the company informed that its board approved Qualified Institution Placement (QIP) at a floor price of Rs 331.8 per share. The company aims to raise up to Rs 2.5 bn through this route.

Earlier this year in January, the company's board approved raising funds aggregating up to Rs 2.5 bn via QIP.

Adani Group's Rs 1.3 Trillion Investment Plan

The Adani Group plans to invest Rs 1.3 trillion (tn) in FY25 to expand capacity and of that amount Adani Green Energy will spend Rs 340 bn for its facilities in Khavda in Gujarat.

The bulk of the investments will be in the airport and green energy businesses, said Singh. The group's investments are powered by funds from operations and have limited third-party capital requirements. Adani Group companies earned Rs 820 bn in cash flows in FY24.

The funding plan includes raising equity capital of up to US$ 3 billion (bn) (Rs 250 bn) across Adani Enterprises and other group companies, Singh said.

Adani Enterprises and Adani Transmission have taken shareholders' permission to sell shares to investors. The group is planning to refinance debt worth US$ 3 bn in FY25.

The group which plans to invest US$ 100 bn in the next 10 years in the energy transition and infrastructure sectors, will launch an initial public offering of its airport business by 2026. As much as 68% of the group's funding plan will come from internal cash flow.

Almost 90% of Adani Group businesses are compliant with regulations and the group earns US$ 7 bn of free cash flow annually.

ICICI Bank Tops US$ 100 Billion Mark

ICICI Bank on 25 June became only the sixth Indian firm to hit a market capitalisation of US$ 100 bn (~Rs 8.4 tn) as the private sector bank's share price gained over 2% intraday.

The stock was at Rs 1,196.45 in the afternoon trade yesterday, up 2.2% from the previous close. ICICI Bank is the second largest bank in India by market capitalisation, trailing HDFC Bank.

With today's gain, ICICI Bank stock has risen nearly 12% from the lows of 4 June -- the day of the general election results. It has beaten the Nifty's 8% return during the same period and has matched the gains made by the sector index Bank Nifty.

Over the last year, ICICI Bank's share price has risen nearly 29%, beating the 27% gains made by the NSE Nifty 50 and the 20% gain in Bank Nifty.

The other Indian companies to have crossed US$ 100 bn in market capitalisation are Reliance Industries Ltd, Tata Consultancy Services, HDFC Bank and Bharti Airtel. IT bellwether Infosys too hit US$ 100 bn in market capitalisation in January 2022 but hasn't sustained at the level.

The lender also declared a dividend of Rs 10 per equity share of face value of Rs 2 each.

ICICI Bank has seen modest growth in its wholesale loans business, but a robust retail and SME lending business has helped it outperform the system credit growth.

Rupee Settles Higher

The rupee appreciated 3 paise against the US dollar on Tuesday, tracking a firm trend in domestic equities amid stable global crude oil prices.

However, a strengthening American currency in the overseas market weighed on the local unit and restricted the upmove.

At the interbank foreign exchange market, the local unit opened at 83.46 and hit the intraday high of 83.41 and a low of 83.48 against the greenback during the session.

It finally settled at 83.44 (provisional) against the dollar, registering a gain of 3 paise from its previous close.

On Monday, the rupee appreciated 10 paise to settle at 83.47 against the US dollar.

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.03 per cent higher at 105.5.

Brent crude futures, the global oil benchmark, were trading 0.5% lower at USD 85.60 per barrel.

To know what's moving the Indian stock markets today, check out the most recent share market updates here.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

Read the latest Market Commentary

Top Gainers TodayTop Gainers over 1-WeekTop Gainers over 1-MonthTop Gainers over 1-YearTop Gainers over 3-YrsTop Gainers over 5-YrsTop Losers TodayTop Losers over 1-WeekTop Losers over 1-MonthTop Losers over 1-YearTop Losers over 3-YrsTop Losers over 5-YrsOnly BuyersOnly SellersMost Active StocksMost Popular Stocks52 Week High Stocks52 Week Low Stocks

INDICESBSE (Rs 0 to 1)BSE (Rs 1 to 2)BSE (Rs 2 to 4)BSE (Rs 4 to 10)BSE (Rs 10 to 20)BSE (Above Rs 20)BSE - AllBSE-30BSE-100BSE-200BSE-500BSE AutoBSE BankexBSE Capital GoodsBSE Consumer DurablesBSE FMCGBSE HealthcareBSE ITBSE MetalBSE Oil & GasBSE PSUBSE TeckBSE RealtyBSE PowerBSE A GroupBSE B GroupBSE Mid-CapBSE Small-CapBSE Basic MaterialsBSE Consumer DiscretionaryBSE IndustrialsBSE UtilitiesBSE Sensex 50BSE Sensex Next 50BSE Bharat 22BSE 150 MidCapBSE 250 SmallCapBSE 250 LargeMidCapBSE 400 MidSmallCapBSE AllCapBSE LargeCapBSE SmallCap SelectBSE 100 LargeCap TMCBSE InfraBSE ManufacturingBSE CPSEBSE Private BankBSE Diversified FinancialsBSE MomentumBSE Low VolatilityBSE QualityBSE Enhanced ValueBSE Divident StabilityS&P BSE IPOBSE SMEIPOBSE 100 ESGBSE CarbonexBSE GreenexNSE (Rs 0 to 10)NSE (Rs 10 to 20)NSE (Above Rs 20)NSE - AllNSE-50NSE ITNSE Nifty Midcap 50NSE JR. NiftyNSE Bank NiftyNIFTY Next 50NIFTY 100NIFTY 200NIFTY 500NIFTY MidCap 100NIFTY SmallCap 250NIFTY SmallCap 50NIFTY SmallCap 100NIFTY LargeMidCap 250NIFTY MidSmallCap 400NIFTY AutoNIFTY Consumer DurablesNIFTY FinanceNIFTY FMCGNIFTY MediaNIFTY MetalNIFTY PharmaNIFTY Private BankNIFTY PSU BankNIFTY RealtyNIFTY Oil & GasNIFTY SME EmergeNIFTY CommoditiesNIFTY CPSENIFTY EnergyNIFTY India ConsumptionNIFTY InfraNIFTY MNCNIFTY PSENIFTY Serv SectorNIFTY100 Liquid 15NIFTY Midcap Liquid 15NIFTY Midcap 150 Quality 50NIFTY50 Equal WeightNIFTY100 Equal WeightNIFTY100 Low Volatility 30NIFTY100 Alpha 30NIFTY Alpha 50NIFTY Dividend Opportunities 50NIFTY High Beta 50NIFTY Low Volatility 50NIFTY200 Quality 30NIFTY 500 Value 50NIFTY 100 Quality 30SECTORSAgricultureAirlinesAluminiumAsset Management CompaniesAutomobilesAuto AncillariesBanks (Private)Banks (PSU)BankingCementChemicalsDefenceDiagnosticsDronesEngineeringElectric VehicleElectric Vehicle BatteryEnergy SourcesESGEthanolFertilizersFintechFMCGFoodGreen HydrogenHotelsInfrastructureInsuranceInvestment and FinanceInvITIT (Large)IT (Others)LogisticsMediaMetalMiningIndia's Big Tech StocksIndian PharmaMNC PharmaPSUPaintPaperPlasticPowerRating AgenciesReal EstateREITsRenewable EnergyRetailingSemiconductorShippingSteelSugarSupply ChainTelecomTextilesTravel Support Services

10 results 25 results 50 results 100 results All results

Indian Share Market Update: Top Gainers and Losers