Stock Market Live Updates 23 June 2025: Markets open lower on geopolitical heat; analysts expect consolidation

• 09:59 | June 23, 2025

  Stock market live today: Ola Electric shares hit 52-week low of ₹43.16 amid block deal rumors; trading down 4.62% at ₹43.95.

  Ola Electric shares tumbled to 52-week low of ₹43.16 on the NSE, following reports of a major block deal. As at 9.57 am, it traded 4.62% lower at ₹43.95 against the previous close of ₹46.08.

• 09:53 | June 23, 2025

  Share market live today: HAL bids for Small Satellite Launch Vehicle technology from ISRO; shares flat at ₹5,013.60 on NSE

  HAL shares traded flat on the NSE at ₹5,013.60. It had emerged as bidder for the manufacturing and design technology of the Small Satellite Launch Vehicle, developed by ISRO.

• 09:52 | June 23, 2025

  IPO Updates: HDB IPO’s deep discount offers reality check to Indian investors

  

  HDB IPO’s deep discount offers reality check to Indian investors

  Equities reporter in Mumbai discusses local stocks, IPOs, apparel sector growth, and analyst actions in India's capital markets.

• 09:38 | June 23, 2025

  Stock market live today: Global news highlights

  1)OPEC, in its latest monthly report, maintained its global oil demand growth forecasts for 2025 and 2026, citing a resilient global economy, with strong H1 performance expected to support a steady H2 despite trade tensions. It lowered its 2026 non-OPEC+ supply growth forecast by 70,000 bpd to 730,000 bpd and now sees U.S. shale (tight oil) output steady at 9.05 million bpd, down from the earlier 9.28 million bpd projection. OPEC+ production rose by 180,000 bpd in May to 41.23 million bpd—below the 411,000 bpd target increase—due to under-compliance by some members. Kazakhstan’s output dropped by 21,000 bpd to 1.803 million bpd, still exceeding its quota.

  2)The U.S. Federal Reserve kept its benchmark interest rate steady at 4.25%–4.5% during its June meeting, marking the fourth consecutive pause as it monitors inflation and labor market conditions. While economic activity continues at a solid pace and unemployment remains low, inflation is still somewhat elevated. The Fed acknowledged reduced but persistent uncertainty and reaffirmed its commitment to its dual mandate of maximum employment and 2% inflation.

  3)U.S. initial jobless claims fell to 245,000 for the week ending June 14, matching estimates and down from the previous week’s revised 250,000. The four-week moving average rose by 4,750 to 245,500, while the seasonally adjusted insured unemployment rate held at 1.3%. Continuing jobless claims declined by 6,000 to 1.941 million for the week ending June 7, according to the U.S. Department of Labor.

  4)In May, U.S. export prices rose 1.7% year-over-year—the smallest gain in six months—down from April’s revised 1.9% increase, driven by a 0.2% rise in agricultural exports and a 1.0% drop in non-agricultural prices. Import prices rose 0.2% annually, up from 0.1% in April, with fuel prices falling 4.0% and non-fuel goods rising 0.3%. Month-over-month, export prices declined 0.9% while import prices were unchanged.

  5)U.S. retail sales fell by 0.9% in May to $715.4 billion, following a revised 0.1% drop in April and missing expectations of a 0.7% decline. Year-over-year, sales rose 3.3%, down from 5% in April. Sales for March–May were up 4.5% from a year earlier, while retail trade sales dipped 0.9% month-on-month but grew 3.0% annually. Additionally, May’s Import Price Index was flat, and the Export Price Index declined 0.9%.

  6)The Bank of England held interest rates steady at 4.25% in a 6–3 vote, with three members favoring a 25 bps cut amid concerns over a weaker labour market and elevated global risks. Inflation is projected to peak at 3.7% in September and average just below 3.5% for the rest of 2025. The economy is now expected to grow by 0.25% in Q2, slightly above earlier forecasts, though underlying momentum remains weak.

  7)UK headline inflation rose 3.4% year-on-year in May, easing from 3.5% in April and matching market expectations, but still above the Bank of England’s 2% target. Core CPI slowed to 3.5% from 3.8%, missing the forecast of 3.6%, while services inflation dropped to 4.7% from 5.4%, according to the ONS.

  8)UK retail sales fell sharply by 2.7% month-on-month in May, following a revised 1.3% rise in April, and well below the expected 0.5% drop. Core retail sales (excluding fuel) declined 2.8% MoM after a revised 1.4% increase, missing the -0.5% forecast. Annually, both headline and core retail sales dropped 1.3% in May, compared to revised April gains of 5% and 5.2% respectively, according to the ONS.

  9)Eurozone headline inflation fell to 1.9% in May 2025 from 2.2% in April, dipping below the ECB’s 2% target for the first time since September 2024. Core inflation, excluding energy and food, also eased to 2.3% from 2.7%, marking its lowest level since January 2022.

  10)China’s central bank kept its benchmark lending rates unchanged, holding the 1-year loan prime rate at 3.0% and the 5-year rate at 3.5%, as expected. This follows a 10 basis point rate cut last month—the first since October—aimed at mitigating trade-related growth risks. Commercial banks also reduced deposit rates to safeguard net interest margins.

  11)The Bank of Japan held its short-term interest rate steady at 0.5%—the highest since 2008—following a unanimous decision, signaling continued caution amid global uncertainties. After a 0.25% hike earlier this year, further increases were paused due to market turmoil sparked by U.S. tariffs. Governor Ueda noted inflation expectations remain below the 2% target and warned that tariff-related risks could impact wages, suggesting no further rate hikes are likely before 2026.

  12)Japan’s National CPI rose 3.5% year-on-year in May, slightly down from 3.6% in April. Core CPI (excluding fresh food) increased to 3.7%, beating the 3.6% market forecast and up from 3.5% previously. CPI excluding both fresh food and energy climbed to 3.3%, compared to 3.0% in the prior month, according to the Japan Statistics Bureau.

  13)Japan’s trade deficit narrowed sharply to JPY 637.61 billion in May 2025 from JPY 1,225.17 billion a year earlier, beating the expected JPY 893 billion gap. Exports fell 1.7% YoY to JPY 8,134.99 billion—the first decline since September 2024—while imports dropped 7.7% to JPY 8,772.60 billion, the steepest fall since January 2024 and below the forecasted 6.7% decline, reflecting softening domestic demand and business investment.

• 09:37 | June 23, 2025

  Stock market live today: India News Highlights

  1)The RBI MPC minutes from the June 4–6, 2025 meeting revealed the rationale behind a 50 bps repo rate cut to 5.5% and a 100 bps CRR cut, injecting ₹2.5 lakh crore liquidity. This marked the third rate cut in 2025, totaling 100 bps. While members supported front-loaded easing to boost growth amid global uncertainty and soft inflation, they acknowledged limited monetary space. RBI Governor Malhotra stressed the fragile global outlook and monsoon-dependent domestic recovery. Deputy Governor Gupta highlighted moderating inflation and scope for infra-led growth, while other members cautioned against overly accommodative signals. The policy stance was shifted back to ‘neutral’.

  2)India’s wholesale price index (WPI) inflation eased to 0.39% year-on-year in May, below the Reuters poll forecast of 0.80%, according to government data. The WPI inflation for March was revised upward to 2.25%. In May, the food index rose by 1.72% y/y, while fuel prices declined by 2.27%. Meanwhile, manufacturing inflation stood at 2.04% y/y.

  3)India’s eight core industries grew just 0.7% y/y in May 2025 — the slowest in nine months — dragged down by steep declines in electricity (-5.8%), fertilisers (-5.9%), natural gas (-3.6%), and crude oil (-1.8%). Growth was supported by cement (9.2%), steel (6.7%), coal (2.8%), and refinery products (1.1%). Cumulative growth for April–May stood at 0.8%, sharply down from 6.9% a year ago. The government attributed the weak performance to base effects and production challenges, with electricity being a major drag. June data is due on July 21.

  4)India’s merchandise trade deficit narrowed to $21.88 billion in May 2025 from $26.42 billion in April and $22.09 billion in May 2024, as per Commerce Ministry data. Exports fell 2.2% y/y to $38.73 billion, while imports declined 1.76% to $60.61 billion. Cumulative trade for April–May 2025 rose 5.75% y/y, with non-petroleum exports up 7.5%. Electronic goods exports surged 54% in May, while pharma, marine products, and textiles also performed well. In contrast, exports of petroleum products, gems & jewelry, and cotton yarn declined.

  5)The Reserve Bank’s House Price Index (HPI) rose 3.1% year-on-year in Q4:2024-25, matching the previous quarter’s growth but down from 4.1% a year earlier. City-wise, annual HPI changes ranged from an 8.8% rise in Kolkata to a 2.3% decline in Kochi. On a quarter-on-quarter basis, the all-India HPI increased by 0.9%, with Bengaluru, Jaipur, Kolkata, and Chennai showing notable sequential gains.

  6)As of June 14, 2025, RBI’s loans to states stood at ₹15,962 crore, down ₹14,482 crore from the previous week. Bank credit rose ₹59,885 crore to ₹182.88 lakh crore, up 2.1% y-o-y, while aggregate deposits increased to ₹231.73 lakh crore, up 9.9% y-o-y. Money supply (M3) reached ₹279.35 lakh crore, growing 2.8% since March. Demand deposits surged ₹1.47 lakh crore; time deposits rose ₹1.41 lakh crore, while currency with the public declined ₹7,931 crore. RBI absorbed liquidity sharply via SDF, with net absorption peaking at ₹3.71 lakh crore on June 13.

  7)India’s forex reserves rose by $2.29 billion to $698.95 billion for the week ending June 13, after a $5.17 billion increase the previous week. Foreign currency assets, the largest component, grew by $1.73 billion to $589.42 billion. Gold reserves inched up by $4.28 million to $86.31 billion, while special drawing rights (SDRs) rose by $85 million to $18.75 billion. The reserve position with the IMF increased by $43 million to $4.45 billion.

  8)According to RBI data, sales of 2,936 listed private non-financial companies grew 7.1% y-o-y in Q4:2024–25. Manufacturing sales rose 6.6%, while IT and non-IT services saw stronger growth at 8.6% and 10.9%, respectively. Raw material costs for manufacturers rose 8.3%, and staff costs increased across sectors. Operating profits grew 8.1% (manufacturing), 18.4% (non-IT), and 2.4% (IT), with profit margins at 14.7%, 23.0%, and 21.3%, respectively. Manufacturing ICR improved to 8.7, indicating stronger debt servicing ability.

  9)According to RBI data, the Supervisory Data Quality Index (sDQI) for Scheduled Commercial Banks (SCBs) improved to 89.3 in March 2025 from 88.6 a year earlier, reflecting better accuracy, timeliness, completeness, and consistency in return submissions. Among bank groups, private sector banks recorded the highest sDQI at 89.6, followed by small finance banks at 90.6. Public sector banks scored 88.8, and foreign banks reached 89.1. The sDQI aims to ensure adherence to the RBI’s Master Direction on supervisory return filings.

  10)SEBI has eased compliance norms for foreign portfolio investors (FPIs) investing solely in Indian government securities (G-Secs), now termed GS-FPIs. These investors are no longer required to disclose investor group details, KYC review frequency is aligned with RBI norms, and the deadline for reporting material changes is extended to 30 days. GS-FPIs can also include NRIs, OCIs, and Resident Indians within permissible remittance limits. The move aims to simplify access and attract more stable foreign investment in sovereign bonds.

• 09:37 | June 23, 2025

  Stock market live today: Weekly Market Update (16th June 2025 – 20th June 2025)

  •Fixed Income

  The New 10-Year Benchmark GOI 6.33 2035 traded between 6.25% - 6.32% during the week ending on 20th June 2025 (Closing yield: 6.3087%)

  The Old 10-Year Benchmark GOI 6.79 2034 traded between 6.30% - 6.39% during the week ending on 20th June 2025 (Closing yield: 6.3796%) tracking movement involved around US Treasury, Crude oil, FOMC Meeting and on-going geo-political tension.

  •Auction Highlights

  RBI conducted the Auction for G-sec, SDL, and T-bills for the aggregated amount of INR 27,000 crore, INR 8,500 Crore and INR 19,000 Crore, respectively. 

  G-sec Cutoff: 

  6.75% GS 2029: 102.85/6.0176%\u0009\u0009\u0009

  7.09% GS 2054: 100.46/7.0517%

  SDL Cutoff: 

  06 Years: TN 6.42%

  10 Years: RJ 6.68%

  22 Years: WB 7.11%

  33 Years: TS 7.09%\u0009

  34 Years: TS 7.09%

  35 Years: TS 7.09%

  36 Years: TS 7.09%

  Re-issue of 7.36% Rajasthan SGS 2037, issued on May 29, 2024 at 103.17/6.9641%

  T-Bill Cutoff:

  091 Days: INR 9000 Crore 98.6819/5.3575%

  182 Days: INR 5000 Crore 97.3508/5.4575%

  364 Days: INR 5000 Crore 94.8003/5.5000%\u0009

  •Commodities:

  1)Brent Crude Oil: $70.56-$79.04 (Per barrel) (Closing: $75.48)

  2)Gold: INR 1,01,195-INR 1,02,140 24 Carat (10 Gram)

  3)Silver: INR 1,09,000-INR 1,12,000 (1 KG)

  •Currency:

  1)USD/INR: 85.782-86.916 ($) (Closing: 86.580)

  •US Treasury Yield: 

  1)US 2 Years Treasury: 3.89%-3.99% (Closing: 3.904%)

  2)US 5 Years Treasury: 3.92%-4.06% (Closing: 3.959%)

  3)US 10 Years Treasury: 4.34%-4.46% (Closing: 4.376%)

  •Corporate Bond Highlights

  1)AAA 3 Years Bond traded between 6.75%-6.80% this week.

  2)AAA 5 Years Bond traded between 6.80%-6.85% this week.

  3)AAA 10 Years Bond traded between 7.02%-7.08% this week.

• 09:32 | June 23, 2025

  Commodities market live today: Oil soars higher as market weighs risks after US strikes Iran

  

  Oil soars higher as market weighs risks after US strikes Iran

  Oil prices surge as US strikes Iran, sparking fears of Middle East supply disruptions and market volatility.

• 09:23 | June 23, 2025

  Commodities market live today: Crude oil futures rise as US attacks on Iran escalate; Brent at $76.84, WTI at $75.28

  Crude oil futures traded higher on Monday morning after the US launched attacks on nuclear sites in Iran over the weekend. At 9.20 am on Monday, September Brent oil futures were at $76.84, up by 1.84 per cent, and August crude oil futures on WTI (West Texas Intermediate) were at $75.28, up by 1.95 per cent. July crude oil futures were trading at ₹6530 on Multi Commodity Exchange (MCX) during the initial hour of trading on Monday against the previous close of ₹6404, up by 1.97 per cent, and August futures were trading at ₹6389 against the previous close of ₹6270, up by 1.90 per cent.

• 09:22 | June 23, 2025

  Stock market live today: Godrej Properties sells ₹2,000 crore in homes at Bengaluru project launch

  Godrej Properties sells homes worth over ₹2,000 Crore at the launch of its project Godrej MSR City in Bengaluru

  Shares traded at ₹2,397.70 on the NSE, down 1.41%.

• 09:21 | June 23, 2025

  Stock market live today: Embassy Developments secures joint project in Bengaluru with ₹1,600 crore GDV

  Embassy Developments Limited Inks Joint Development Pact for 17.9 Acres of Land in Whitefield, Bengaluru; Boosts Existing Residential Pipeline with an Estimated GDV of ₹1,600 Cr

  Shares traded flat on the NSE at ₹115.97

• 09:21 | June 23, 2025

  Stock in focus: Nitco receives ₹45 crore tiles order from Prestige Estates, shares rise 1.58% to ₹132.57 on NSE

  Nitco has received a Letter of Intent (LoI) from Prestige Estates Projects Limited for an additional order for Tiles worth approximately Rs. 45 Crore. 

  Shares gained 1.58% on the NSE to ₹132.57

• 09:20 | June 23, 2025

  Stock market live today: JR Toll Road Private Limited settles ₹273 crore debt with Yes Bank, Reliance Infra trades flat at ₹371.90.

  JR Toll Road Private Limited (JRTR), a wholly owned subsidiary of Reliance Infrastructure, has entered into an addendum to the Settlement Agreement today with Yes Bank Limited (YBL) for the entire outstanding debt obligation of ~INR 273 crore (including interest) owed by JRTR to YBL, and has duly paid the entire settlement amount.

  Reliance Infra traded flat on the NSE at ₹371.90

• 09:20 | June 23, 2025

  Opening Bell: Sensex tanked 506.37 pts or 0.61% to 81,901.80 after opening at 81,704.07, and Nifty 50 declined 154.00 pts or 0.61% to 24,958.40.

• 09:11 | June 23, 2025

  Global markets live today: Global economic updates

  Global bits

  India:

  Indian rupee and government bonds fall due to rising tensions between the United States and Iran. The Securities and Exchange Board of India eases rules for foreign investors who only buy Indian government bonds.

  China:

  The People’s Bank of China keeps benchmark lending rates unchanged in June. Fiscal revenue fell 0.3% from January to May. Exports of rare earth magnets halved in May due to export restrictions.

  Japan:

  The government plans a deeper cut in super-long-term bond sales with no immediate buybacks. The Bank of Japan may continue raising interest rates if the economy improves. Core inflation hits a two-year high, reinforcing rate hike expectations.

  South Korea:

  The government is drafting a second extra budget under new leadership to support economic growth. Authorities are closely monitoring financial markets and will respond if needed. The accessibility of short-selling has improved, according to MSCI.

  Taiwan:

  The central bank keeps interest rates unchanged and warns that the rapidly rising United States debt could reduce trust in United States Treasury securities.

  Hong Kong:

  The Hong Kong Monetary Authority highlights uncertainty in the outlook for the local currency.

  United States:

  Wall Street remains volatile as the United States holds back from military action in the Middle East. Retail sales rose in April but are expected to drop in May. President Donald Trump’s optimistic economic claims contrast with the Federal Reserve’s cautious stance.

  Canada:

  Retail sales increased in April but are expected to see a sharp decline in May.

  United Kingdom:

  The government plans a 10-year industrial strategy to support economic growth and will lower energy bills for companies. Retail sales recorded the biggest monthly drop since 2023.

  Global:

  Investors remain focused on oil prices as Middle East tensions rise. Thermal coal is gaining demand as a cheaper alternative to liquefied natural gas. Central banks around the world face a difficult balancing act amid ongoing uncertainty.

  Russia:

  President Vladimir Putin says there is no need for the Organization of the Petroleum Exporting Countries and allies to intervene in oil markets despite the Iran-Israel conflict.

  Thailand:

  The Bank of Thailand is expected to keep interest rates unchanged in the June meeting and may consider a rate cut later in the third quarter.

  Source: Reuters

• 09:09 | June 23, 2025

  Stock market live today: Ugro Capital Limited - Rights Issue Closes today

  Issue Open - 13-June-25 

  Last day for on-market renunciation- 18-June-25

  Issue Close - 23-June-25 (Today)

  Trading period for Renunciation of Rights Entitlements: Friday, June 13, 2025 to Wednesday, June 18, 2025

  Right issue Size: Rs. 399.33 Crs (2.47 Crs Shares)

  CMP – 168.38/-

  Rights Price: Rs. 162.00/-

  Payment Terms: Rs. 162.00/- (To be paid on application)

  Rights Entitlement Ratio: 50 Rights Equity Share for every 189 shares held (Effectively 0.26 for every 1 share held).

  Last Trade date (Cum Right): Wednesday, 04th June, 2025 

  Ex-Right Trading date: Thursday, 05th June, 2025

  Record Date: Thursday, 05th June, 2025

  Date of Allotment (on or about): 24-June-25

  Date of listing (on or about): 26-June-25

• 09:08 | June 23, 2025

  Currency market live today: Rupee falls 14 paise to 86.69 against USD

  

  Rupee falls 14 paise to 86.69 against US dollar in early trade

  Rupee weakens to 86.69 against US dollar due to strengthening dollar and rising global crude oil prices.

• 09:00 | June 23, 2025

  Stock market live today: Fund Houses Recommendations 

  Jefferies on Polycab: Maintain Buy on Company, raise target price at Rs 7150/Sh (Positive)

  Jefferies on Bharti Airtel: Maintain Buy on Company, target price at Rs 2350/Sh (Positive)

  Jefferies on KFin Tech: Maintain Buy on Company, target price at Rs 1460/Sh (Positive)

  Jefferies on Chola Fin: Maintain Buy on Company, target price at Rs 1800/Sh (Positive)

  GS on L&T Fin: Maintain Buy on Company, target price at Rs 185/Sh (Positive)

  Macquarie on Tata Steel: Maintain Outperform on Company, raise target price at Rs 181/Sh (Positive)

  Macquarie on JSPL: Maintain Outperform on Company, raise target price at Rs 1029/Sh (Positive)

  UBS on Colgate: Maintain Buy on Company, target price at Rs 3000/Sh (Positive)

  Morgan Stanley On Small Finance Banks: RBI revises priority sector guideline (PSL) norms for SFBs effective FY26. PSL target cut to 60% of ANBC or CEOBE, whichever higher. (Positive)

  Citi On Small Finance Banks: RBI eases PSL target for small finance banks to 60%, boosting flexibility & growth potential. SFBs can now diversify portfolios & scale non-PSL lending. (Positive)

  HSBC on Indian IT: Accenture’s growth slows in Q3FY25, guidance narrowed to 6–7%. Deal wins & outsourcing bookings decline, offering limited insight for Indian IT sector (Neutral)

  Macquarie on JSW Steel: Maintain Neutral on Company, raise target price at Rs 1125/Sh (Neutral)

  Macquarie on Hindalco: Maintain Outperform on Company, cut target price at Rs 709/Sh (Neutral)

  Macquarie on Coal India: Maintain Outperform on Company, cut target price at Rs 445/Sh (Neutral)

• 08:21 | June 23, 2025

  Stock market opening bid: Sensex, Nifty to open lower amid West Asia tensions; analysts see limited downside

  

  Sensex, Nifty set for gap-down opening amid Iran tensions; RBI liquidity may limit fall

  Sensex, Nifty may open lower on Iran tensions, but strong domestic fundamentals, RBI liquidity moves, and easing VIX may cushion downside risk.

• 08:07 | June 23, 2025

  Stock market live today: Market Outlook: Nifty holds strong above key support, Bank Nifty shows renewed strength amid positive sentiment

  Puneet Singhania, Director at Master Trust Group.

  Indian benchmark indices witnessed a sharp rally this week as nifty50 and Sensex both indices settled above their key psychological level of 25000 and 82000 respectively. Nifty prices climbed by 1.6% or 393 points to settle the week at 25112, while bank nifty prices rose by 1.3% to end the week at 56252. There are several reasons behind today’s rally, including the return of FIIs to the market despite unsettling geopolitical concerns, and the RBI’s decision to ease provisioning rules on infrastructure loans, which led to a significant surge in financial stocks. India’s central bank announced on Thursday that the lenders will now need to keep aside 1% of the loan amount for under-construction infrastructure projects as a safety measure against possible losses. This is a relaxation from its earlier draft rule, which had suggested setting aside up to 5%. Additionally, market rally also includes signs of easing tensions in the Iran-Israel conflict, as the U.S. President stated that he would take two weeks before getting directly involved in the war, raising hopes that some negotiations might take place during this period. Apart from that, decline in India VIX, U.S. 10-year bond yield, and gold prices were also major reasons contributing to the bullish sentiment in the market. FIIs bought Indian equities worth ₹8,709 crore, while DIIs infused ₹12,635 crore into the cash segment. 

  OUTLOOK

  Nifty ended the week on a strong bullish note, gaining over 1% and reclaiming momentum after the prior week’s decline. Despite midweek volatility from rising Middle East tensions and surging crude prices, the index held firm. It now trades comfortably above its 21-day and 55-day EMAs (24,828 and 24,428), indicating continued strength and buying interest.

  Strong support lies in the 24,850-24800 zone, a previously tested demand area. A breakdown below the mentioned support zone may lead to a decline toward 24,600, the recent weekly low. On the upside, immediate resistance is seen at 25,250; a decisive breakout above this level could trigger a rally toward 25,500. Positional traders can look to buy near support.

  Bank Nifty gained 1.31% this week, rebounding from the prior week’s decline and closing firmly above both the 21-day and 55-day EMAs—indicating renewed short-term strength. RSI stands at 64, reflecting bullish momentum. Gains were further supported by the RBI’s relaxation in project financing norms, which lifted sentiment in financial stocks. The index is holding well above the crucial 56,000 support; below this, 55,400 is the next level to watch. On the upside, 56,500 remains key resistance—breakout above it could lead to a rally toward 57,100. Traders should watch for price action near support zones for potential entry opportunities.

• 08:05 | June 23, 2025

  Share market live today: Key equity updates: Stake sales, FDA approvals, and major contracts highlight market moves

  EQUITY PREVIEW

  360 ONE WAM (360ONE): 360 ONE Sells 12% Stake In Northern Arc Capital for INR3.82B

  Bank of India (BOI): Board meet on June 26, to mull long term infra bonds issue

  Bharat Electronics (BHE): Gets orders worth INR5.85B after June 5, include fire control and sighting system for missiles, communication equipment,jammer

  Century Enka (CENK): Gets nod to resume operations at NFY Spinning Plant, Bharuch from Gujarat Pollution Control Board

  Dr Reddy’s Lab (DRRD): Gets U.S. FDA approval of ANDA for Carbidopa & Levodopa

  Emcure Pharmaceuticals (EMCURE): Acquires 20.42% stake in unit Zuventus Healthcare

  Granules India (GRAN): U.S. FDA inspection at Hyderabad plant got Form 483 with one observation

  Hindustan Aeronautics (HNAL): Wins Bid to Make India’s Small Satellite Launch Rockets

  India Cements (ICEM): To sell full stake in unit ICML for INR976.8M to Mirai Sensing Pvt.

  LT Foods (LTFOODS): Says US imposed highest CVD rate 340.27% on unit Ecopure; Unit evaluating legal remedies on US Doc CVD rate

  NTPC (NTPC): To raise up to INR180b via bonds in private placement

  Rajshree Polypack (RAJPPL): In lease pact with Odisha Industrial Infra for 90 yrs to set up food containers mfg unit

  Sai Life Sciences (SAILIFE): BlackRock, Pimco Among Buyers of Sai Life Shares Sold by TPG

  Servotech Renewable (SERVOTEC): Acquires 27% stake in Rhine Solar

  Tata Consultancy (TCS): Sets up two new automotive delivery centre in Germany and an engineering centre in Romania

  Torrent Pharmaceuticals (TRP): Issuea INR2b commercial paper at 5.95% coupon

  Union Bank of India (UNBK): Board meet on June 25, to consider Capital Plan of the Bank for FY26

• 08:03 | June 23, 2025

  Economic Calendar – 23.06.2025

  13:30 EURO Flash Manufacturing PMI (Expected: 49.6 versus Previous: 49.4)

  14:00 U.K. Flash Manufacturing PMI (Expected: 46.9 versus Previous: 46.4)

  19:15 U.S. Flash Manufacturing PMI (Expected: 51.1 versus Previous: 52.0)

  19:30 U.S. Existing Home Sales (Expected: 3.96M versus Previous: 4.00M)

  19:30 U.S. FOMC Member Bowman Speaks

  22:40 U.S. FOMC Member Goolsbee Speaks

  00:00 U.S. FOMC Member Kugler Speaks

• 08:03 | June 23, 2025

  Global markets live today: Major U.S. listed stocks result calendar 23.06.2025

  FactSet Research Systems Inc (Pre market) (Sector- Fintech)

  Commercial Metals Company (Pre market) (Sector- Metal)

  KB Home (Post market) (Sector- Real Estate)

• 08:02 | June 23, 2025

  Share market live today: Upcoming Corporate Actions: June 23 – June 27, 2025

  🗓 Monday, June 23, 2025

  💸 Dividends:

  🔹 Dalmia Bharat – ₹5 dividend per share

  🔹 Dynamic Cables – ₹0.5 dividend per share

  🔹 Hindustan Unilever (HUL) – ₹24 dividend per share

  🔹 Kansai Nerolac – ₹2.5 final + ₹1.25 special dividend per share

  🔹 Kalpataru Projects – ₹9 dividend per share

  🔹 Samvardhana Motherson – ₹0.35 dividend per share

  🔹 Motherson Sumi Wiring – ₹0.35 dividend per share

  🔹 Pilani Investment – ₹15 dividend per share

  🎁 Bonus Issue:

  🔹 V-Mart Retail – 3:1 bonus issue (3 bonus shares for every 1 held)

  🗓 Tuesday, June 24, 2025

  💸 Dividends:

  🔹 Alkyl Amines – ₹10 dividend per share

  🔹 Polycab India – ₹35 dividend per share

  🔹 Vedanta – ₹7 interim dividend per share

  🔀 Stock Split:

  🔹 Laddu Gopal Online – 1:5 split (face value ₹10 to ₹2)

  🗓 Wednesday, June 25, 2025

  💸 Dividends:

  🔹 Auto Corp Goa – ₹20 dividend per share

  🔹 Aegis Logistics – Interim dividend (amount not disclosed)

  🔹 Quest Capital Markets – ₹2.5 dividend per share

  🔀 Stock Split:

  🔹 Elitecon International – 1:10 split (face value ₹10 to ₹1)

  🗓 Thursday, June 26, 2025

  📢 Rights Issue:

  🔹 Infibeam Avenues – Rights issue (details not disclosed)

  💸 Dividend:

  🔹 Prime Securities – ₹1.5 dividend per share

  🗓 Friday, June 27, 2025

  💸 Dividends:

  🔹 Allied Blenders – ₹3.6 dividend per share

  🔹 Alufluoride – ₹3 dividend per share

  🔹 Bajaj Finserv – ₹1 dividend per share

  🔹 Bajaj Holdings – ₹28 dividend per share

  🔹 Bharat Bhushan Finance – ₹0.6 dividend per share

  🔹 CARE Ratings – ₹11 dividend per share

  🔹 Cipla – ₹13 final + ₹3 special dividend per share

  🔹 HDFC Bank – ₹22 dividend per share

  🔹 Jayant Agro – ₹2.5 dividend per share

  🔹 Maharashtra Scooters – ₹30 final + ₹30 special dividend per share

  🔹 RPG Life Sciences – ₹20 final + ₹4 special dividend per share

  🔹 Rainbow Children’s Medicare – ₹3 dividend per share

  🔹 Sky Industries – ₹1 dividend per share

  🔹 Swaraj Engines – ₹104.5 dividend per share

  🔹 Syngene Intl – ₹1.25 dividend per share

  🔹 Vaibhav Global – ₹1.5 dividend per share

  🔹 Visaka Industries – ₹0.5 dividend per share

  🔹 Welspun Living – ₹1.7 dividend per share

  🔀 Stock Split:

  🔹 Padam Cotton Yarns – 1:10 split (face value ₹10 to ₹1)..

• 08:02 | June 23, 2025

  IPO Updates Live: MAINBOARD IPOs THIS WEEK WILL FEATURE MAJOR NAMES

  1.Kalpataru Projects: Opening June 24–26, this Mumbai-based real estate player targets ₹1,590 crore with a price band of ₹387–414.

  2.Globe Civil Projects: Also June 24–26, this EPC firm from Delhi aims to raise ₹119 crore with shares priced at ₹67–71.

  3.Ellenbarrie Industrial Gases: Open from June 24–26, the industrial gas supplier will look to raise ₹852.53 crore at ₹380–400.

  4.HDB Financial Services: The most anticipated offering, HDFC Bank’s NBFC arm seeks ₹12,500 crore, issuing shares at ₹700–740 from June 25–27.

  5.Sambhav Steel Tubes: Also June 25–27, this ERW steel pipes maker aims to collect ₹540 crore, with a band of ₹77–82.

  IN THE SME SPACE, EIGHT IPOs ARE LINED UP THIS WEEK:

  1.Suntech Infra Solutions: June 25–27, raising up to ₹42.16 crore at ₹81–86 per share.

  2.Shri Hare-Krishna Sponge Iron: June 24–26, eyeing ₹28.39 crore, price band ₹56–59.

  3.AJC Jewel: Opens June 23, closes June 26, with a ₹14.59 crore book-building issue priced ₹90–95.

  4.Icon Facilitators: June 24–26, targeting ₹19.11 crore, priced ₹85–91.

  5.Abram Food: June 24–26, ₹13.99 crore fixed-price issue at ₹98.

  6.PRO FX Tech: Opens June 26, closes June 30, aiming for ₹40.30 crore at ₹82–87.

  7.Valencia India: June 26–30, targeting ₹46.49 crore, band ₹95–110.

  8.Ace Alpha: June 26–30, looking to raise ₹47.15 crore at ₹101–107.

• 08:01 | June 23, 2025

  Share market live today: Weekly Equity Cash and Derivative Coverage

  Weekly snapshot: Indian equities closed the week in the green zone with outperformance from heavyweights despite swapping sentiments from global markets.

  Indices Performance: The Nifty 50 Index ended the week with a gain of 1.59 percent, while Nifty Bank performed inline and closed with a gain of 1.31 percent.

  Weekly Fund-flow Activities: Over the week, FIIs have bought Rs 8709.6 crore worth of shares, while DIIs bought Rs 12635.6 crore worth of shares in the cash segment.

  Macro Data: In the upcoming week, Federal Reserve Chairman testimony, US core PCE price index and GDP growth and manufacturing data from major economies will remain the focus.

  Weekly Outlook: The Indian market is expected to remain focused on geopolitical tensions in the middle east, as well as comments from central bankers during the final week of the monthly derivatives’ expiry.

• 08:00 | June 23, 2025

  Economy updates: GDP, IIP, CPI data with new base year to be released from next year

  

  GDP, IIP, CPI data with new base year to be released from next year

  Ministry of Statistics and Program Implementation plans to release key economic indicators with AI integration in 2026.

• 07:59 | June 23, 2025

  Economy updates: Advance tax collection sees 4% growth in first instalment

  

  Advance tax collection sees 4% growth in first instalment

  Net direct tax collection declined by over 1.3%, attributed to higher refunds, while advance tax growth saw a decrease.

• 07:58 | June 23, 2025

  IPO Updates Live: Indian IPO market poised for ₹15,000 crore surge this week, led by HDB Financial

  The Indian IPO market is experiencing a surge, with ₹15,000 crore ($1.7 billion) expected to be raised next week across these IPOs, led by HDB Financial.

  IPOs OPENING NEXT WEEK (JUNE 24–27, 2025): 

  🔸HDB FINANCIAL SERVICES LTD. IPO 

  Open/Close Dates: June 25–27, 2025 

  Issue Size: ₹12,500 crore (~$1.5 billion), including ₹2,500 crore fresh issue and ₹10,000 crore offer for sale (OFS). 

  Valuation: ₹62,000 crore ($7.2 billion) at the upper price band. 

  Price Band: ₹700–₹740 per share. 

  A subsidiary of HDFC Bank, HDB Financial is a leading non-banking financial company (NBFC) offering loans and financial services. This is India’s largest IPO since Hyundai’s $3.3 billion issue, making it a strong candidate for the $7 billion deal you mentioned (likely referring to valuation rather than funds raised). 

  🔸GLOBE CIVIL PROJECTS LTD. IPO 

  Open/Close Dates: June 24–26, 2025 

  Issue Size: ₹119 crore ($14 million). 

  Price Band: ₹67–₹71 per share. 

  A construction-focused company, smaller in scale compared to HDB Financial. 

  🔸ELLENBARRIE INDUSTRIAL GASES LTD. IPO 

  Open/Close Dates: June 24–26, 2025 

  Issue Size: ₹852 crore ($102 million). 

  Price Band: ₹380–₹400 per share. 

  Specializes in industrial gases, catering to various sectors. 

  🔸KALPATARU LTD. IPO 

  Open/Close Dates: June 24–26, 2025 

  Issue Size: ₹1,590 crore ($190 million). 

  Involved in infrastructure or real estate development. 

  🔸SAMBHV STEEL TUBES LTD. IPO 

  Open/Close Dates: June 25–27, 2025 

  A steel manufacturing company, with specifics pending. 

  ♦️SME IPOs OPENING NEXT WEEK: 

  ♦️SEVERAL SME IPOs ARE ALSO SCHEDULED, INCLUDING:

  🔸SAFE ENTERPRISES RETAIL FIXTURES LTD. IPO (June 20–24, 2025, but may extend into the week): ~₹161.1 crore, price band ₹131–₹138. 

  🔸AAKAAR MEDICAL TECHNOLOGIES LTD. IPO: ~₹27 crore, focused on cosmetic products.

  🔸MAYASHEEL VENTURES LTD. IPO: ~₹27 crore, road EPC business.

• 07:57 | June 23, 2025

  Share market live today: INSTL. INVESTORS EQUITY DERIVAT. TRADES AS ON 20-06-2025

  FIIS F & O : RS. CRS. : 

  TOTAL NET SELL : -12,206 😭

  INDEX FUT. : +118 

  INDEX OPT. : -22,365

  STOCK FUT. : +4,403

  STOCK OPT. : +5,638

  🔹INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 20-06-2025 :

  FIIS : BUY +7,704 (52,121-44,417) 😃

  DIIS : SELL -3658 (22,652-26,310) 😥

  BSE SENSEX : +1,046 (82,408)🔼 

  NSE NIFTY : +319 (25,112)🔼

  BSE MIDCAP. : +539 (45,480)🔼

  BSE SMLCAP. : +285 (52,379)🔼

  B. CRUDE : $ 76.18 🔽😃

  GOLD:$ 3,367=INR 98,660(10gr)🔽☺️

  SILVER : RS. 1,08,000 (kg)🔽😭

  FOREX : RS. $ 86.59 🔼 🙂

  6.79% GOI ‘34: 6.3796%(102.83)↔️😳

  6.33% NEW ‘35: 6.3087%(100.1450)↔️😳

  6.92% GOI ‘39: 6.6520% (102.45)🔽🙂

• 07:56 | June 23, 2025

  Global market updates: Fed’s Waller indicates potential interest rate cuts could begin as soon as July.

• 07:56 | June 23, 2025

  Global market updates: Philly Fed Manufacturing Index 

  Actual: -4.0

  Expected: -1.7 

  Previous: -4.0

  (Data seen lower than estimates)

• 07:55 | June 23, 2025

  Global market updates: Accenture Q3 Earnings

  - Revenue: $17.7B (est $17.3B) 

  - EPS: $3.49 (est $3.30) 

  - Sees FY EPS $12.77 To $12.89, Saw $12.55 To $12.79

  (Numbers seen inline with estimates)

• 07:55 | June 23, 2025

  Mutual Fund updates: May SIP flows at new peak: ₹ 26,688 crore

  # May’25 saw a decrease in the SIP stoppage ratio as compared to May’24

  # SIP inflows have increased 28% from ₹20,904 crore (May’24) to ₹ 26,688 crore (May’25)

  # 14th consecutive month with flows above ₹20,000 crore

  # The total no. of SIP accounts as on May’25 was 9.06 crore, while SIP AUM was ₹14.61 lakh crore (about 20.2% of the overall MF Industry AUM- ex FoF)

  # Growth over last 5 years

  ✓ 49% in new SIP registrations

  ✓ 23% in the total count of SIPs

  ✓ 40% growth in SIP AUM

  ✓ 27% in the monthly flows, from ₹8,123 cr in May’20 to ₹ 26,688 cr in May’25

  # 65% of the total SIP’s accounts are of regular plan 

  ✓ 24% accounts continuing for 3 years and above of which 75% from regular plan

  # The total no. of SIP accounts as on May’25 was 9.06 crore, while SIP AUM was ₹14.61 lakh crore (about 20.2% of the overall MF Industry AUM- ex FoF)

  # 41% of monthly flow received in May’25 is from B-30 locations

  # Average SIP AMT: ₹ 2,947

• 07:54 | June 23, 2025

  Stock market insights: Have stock markets become immune to wars?

  

  Have stock markets become immune to wars?

  Global stock markets defy geopolitical tensions, leaving analysts puzzled as markets surge despite risks of war.

• 07:52 | June 23, 2025

  Share market live today: Mutual funds bet big on top-10 blue chip stocks to weather market turbulence

  

  Mutual funds bet big on top-10 blue chip stocks to weather market turbulence

  Mutual funds heavily invest in top 10 companies, focusing on large-cap stocks for stability and growth potential.

• 07:51 | June 23, 2025

  Stock market live today: SEBI’s ESOP relief to boost startups’ IPO dreams

  

  SEBI allows startup founders to retain ESOPs before IPO, boosting India listings

  SEBI allows startup founders to retain ESOPs if granted a year before IPO filing. Move to boost domestic listings, reduce flipping, and improve equity structure.

• 07:50 | June 23, 2025

  Stock recommendations: Ugro Capital (Buy)

  

  Broker’s call: Ugro Capital (Buy)

  Ugro Capital acquires Profectus Capital in all-cash deal, strengthening NBFC platform with AUM growth, diversification, and synergy benefits.

• 07:49 | June 23, 2025

  Stock recommendations: Swiggy (Outperform)

  

  Broker’s call: Swiggy (Outperform)

  Initiating coverage on Swiggy with Outperform rating, poised for growth in food delivery and quick commerce markets in India.

• 07:47 | June 23, 2025

  Watch these stocks for today’s action: Zen Tech, India Cements, Adani Ports, 360One, Northern Arc, Biocon, Hilton Metal, Sharda Motor, Emcure Pharma, Sampre Nutritions, Ruby Mills

  

  Watch these stocks for today’s action: Zen Tech, India Cements, Adani Ports, 360One, Northern Arc, Biocon, Hilton Metal, Sharda Motor, Emcure Pharma, Sampre Nutritions, Ruby Mills

  Zen Technologies acquires TISA Aerospace, SIS Ltd focuses on tech, India Cements sells subsidiary, Hilton Metal Forging receives certification.

• 07:42 | June 23, 2025

  Stock in focus: Why these 4 realty stocks will be in focus this week

  

  Why these 4 realty stocks — DLF, Godrej, Brigade & Interarch — will be in focus

  DLF, Godrej, Brigade, and Interarch are in spotlight with major project launches, record sales, and big-ticket orders. Here’s why these 4 stocks matter this week.

• 07:23 | June 23, 2025

  Stock market live today: Why these 7 energy stocks could spark investor interest this week

  

  From NTPC to ACME: 7 power stocks set to move the market

  NLC, NTPC, ACME, Bajel, and JSW Energy lead India’s green energy and infra push with major solar, storage, and transmission projects across key states.

• 06:57 | June 23, 2025

  Stock market live today: Mastering Derivatives: Futures vs options in intraday trades

  

  Mastering Derivatives: Futures Vs Options In Intraday Trades

  Derivatives vs. spot market for intraday trades, futures vs. options, risk-return trade-off, liquidity, implied volatility, and stop loss levels.

• 06:57 | June 23, 2025

  Technicals: Short Take: Tech Mahindra F&O contract adjustments

  

  Short Take: Tech Mahindra F&O Contract Adjustments

  Tech Mahindra announces ₹30 interim dividend, leading to adjustments in futures and options contracts on July 4.

• 06:56 | June 23, 2025

  Stock market live today: F&O Query: When will derivative contracts be adjusted for dividends?

  

  F&O Query: When Derivative Contracts Will Be Adjusted For Dividends?

  Learn about adjustments in futures contracts due to dividends and strategies for small capital option trading. Email queries to derivatives@thehindu.co.in.

• 06:55 | June 23, 2025

  Technicals: F&O Strategy: Calendar bull call spread on Hindalco 

  

  F&O Strategy: Calendar bull call spread on Hindalco 

  Hindalco Industries stock analysis, F&O pointers, and trading strategy for profit potential in a concise manner.

• 06:55 | June 23, 2025

  Technicals: F&O Tracker: Nifty 50 futures & Nifty Bank futures poised for breakout

  

  F&O Tracker: Poised For launch 

  Analysis of Nifty 50 and Nifty Bank futures data, with key levels and strategies for trading, indicating bullish trends.

• 06:54 | June 23, 2025

  Insights: Oil after the boil

  

  Oil after the boil

  Auto enthusiast Jay learns about oil prices amid Israel-Iran conflict from financial analyst friend, Juhi, discussing geopolitics, supply-demand dynamics, and market trends.

• 06:51 | June 23, 2025

  WATCH: Nifty and Bank Nifty Prediction for the week 23 Jun’25 to 27 Jun’25 by BL GURU
• 06:50 | June 23, 2025

  Stock Recommendations: Stock to buy today: Indus Towers (₹404.35) – BUY

  

  Stock to buy today: Indus Towers (₹404.35) – BUY

  Indus Towers' share price analysis and trading recommendations for potential gains, with support and stop-loss levels included.

• 06:49 | June 23, 2025

  WATCH: Today’s Stock Recommendation: June 23, 2025
• 06:46 | June 23, 2025

  Currency market live today: India’s forex reserves inch closer to record high; jumps to $699 billion

  

  India's forex reserves inch closer to record high; jumps to $699 billion

  India's forex reserves hit USD 698.950 billion, nearing all-time high, with significant gold holdings and strategic RBI interventions.

• 06:45 | June 23, 2025

  Mutual Fund updates: Mutual funds bet big on top-10 blue chip stocks to weather market turbulence

  

  Mutual funds bet big on top-10 blue chip stocks to weather market turbulence

  Mutual funds heavily invest in top 10 companies, focusing on large-cap stocks for stability and growth potential.

• 06:44 | June 23, 2025

  Stock market live today: Global tensions may test investor appetite during busiest IPO week of 2025

  

  Global tensions may test investor appetite during busiest IPO week of 2025

  This week's packed IPO calendar faces global uncertainty as 17 companies launch IPOs amid US-Iran tensions.

• 06:43 | June 23, 2025

  Movers & Shakers: Here is what the charts say about the shares of CG Power and Industrial Solutions, Mankind Pharma and SBI Cards and Payment Services

  

  Movers & Shakers: Stocks That Will See Action This Week

  Stock analysis and recommendations for CG Power, Mankind Pharma, and SBI Cards with price targets and stop-loss levels.

• 06:42 | June 23, 2025

  Commodities market live today: Bullion Cues: Gold & silver maintain positive bias

  

  Bullion Cues: Positive Bias Persists

  Last week saw a decline in precious metals prices, with gold and silver futures showing short-term bearish trends.

• 06:41 | June 23, 2025

  Currency market live today: Currency Outlook: Dollar stable, rupee hit

  

  Currency Outlook: Dollar Stable, Rupee Hit

  Dollar index remains range-bound, Fed meeting a non-event, euro support holds, rupee weakens, 10Yr Treasury yield negative bias.

• 06:41 | June 23, 2025

  Technicals: Index Outlook: Bourses range-bound

  

  Index Outlook: The Wait Continues

  Nifty, Sensex, and Nifty Bank indices show strong recovery, with bullish outlook for short and medium term targets.

Published on June 23, 2025