Stock Market Live Updates | Closing Bell: Nifty Ends Below 23,900 as IT Drags; Realty, Pharma Shine
Indian stock markets traded lower in early deals on June 30 as weakness in IT, auto and FMCG stocks dragged benchmark indices despite positive company-specific developments. Investors tracked key corporate announcements, including Yes Bank's Rs. 16,000 crore fundraising plan, Adani Ports' Rs. 12,000 crore Vizhinjam Port deal, Suzlon's fresh wind energy order and SIS' buyback approval, while selective stocks witnessed sharp gains amid strong trading activity.Nifty Recovers from Early Fall, Holds Below 23,900The Nifty 50 recovered from sharp opening losses but remained below the 23,900 mark, trading at 23,904.60, down 0.17%. Selling in auto, IT and metal stocks kept the benchmark under pressure, while selective buying helped trim intraday losses.Sensex Slips 168 Points as IT, Auto Stocks Keep Markets Under PressureThe Sensex traded at 76,560.26, down 168.11 points (0.22%), as weakness in IT, auto and metal stocks weighed on investor sentiment. Despite recovering from early lows, the benchmark remained in negative territory amid cautious trading and sector-specific selling.Yes Bank Approves Rs 16,000 Crore Fundraising Plan; Stock SlipsYes Bank's board has approved raising up to Rs. 16,000 crore through a mix of Rs. 7,500 crore in equity and Rs 8,500 crore in debt. The stock slipped around 1% to Rs. 24.84 despite the fundraising announcement, touching an intraday high of Rs 25.35. Investors will monitor capital deployment and its impact on future growth and profitability.Adani Ports Gains After MSC's TiL Invests Rs 12,000 Crore in Vizhinjam PortAdani Ports rose over 1% after announcing MSC's Terminal Investment Limited (TiL) will invest around Rs. 12,000 crore ($1.4 billion) for a 49% stake in Vizhinjam Port. India's first deep-draft mega transshipment port, commissioned in December 2024, has an annual handling capacity of 1.6 million TEUs, strengthening India's maritime infrastructure ambitions.Crest Ventures Signs Major Dadar Redevelopment AgreementCrest Ventures, through subsidiary Sutlej Housing, has signed a development agreement with Prafulla Co-operative Housing Society for a large cluster redevelopment project in Mumbai's Dadar. The project is expected to strengthen the company's real estate portfolio and enhance its presence in Mumbai's premium redevelopment market.SIS Announces Rs 120 Crore Share Buyback Despite Stock WeaknessSIS has approved a share buyback worth up to Rs. 120 crore, marking its fifth buyback since listing in 2017. Despite the shareholder-friendly move, the stock declined over 3% during early trade. Investors are watching whether the buyback helps improve earnings per share and investor sentiment.Jagsonpal Pharmaceuticals Extends Rally With Double-Digit GainsJagsonpal Pharmaceuticals surged over 12%, extending gains for the second consecutive session. Strong buying interest and significantly higher trading volumes supported the rally. Although the stock remains below its 52-week high, it has delivered robust gains from its yearly low, attracting momentum-focused investors.FMCG Stocks Under Pressure as Nifty FMCG Index DeclinesThe Nifty FMCG index extended losses for a second straight session, falling around 0.6%. Tata Consumer Products led the decline, followed by Hindustan Unilever, Emami and Marico. Selling pressure across consumer goods stocks weighed on the broader market despite selective strength in other sectors.Ola Electric Shares Jump Over 10%, Biggest Gain in 11 WeeksOla Electric Mobility surged more than 10%, recording its strongest single-day gain in nearly 11 weeks. The rally came after recent weakness, with trading volumes exceeding the five-day average. The stock remains significantly below its 52-week high but has more than doubled from its yearly low.Tata Consumer Products Shares Hit Five-Month LowTata Consumer Products declined nearly 4%, marking its sharpest fall in five months. The stock emerged as one of the biggest losers in the FMCG pack, dragging the sector lower. Investors remain cautious after sustained selling pressure and weak market sentiment in defensive consumer stocks.RailTel Bags Rs. 13.6 Crore Thane Municipal Corporation OrderRailTel Corporation of India received a Letter of Intent worth Rs 13.6 crore from the Thane Municipal Corporation. The stock gained over 1%, with investors reacting positively to the fresh order win.Suzlon Wins 105 MW Wind Energy Order from Sunsure EnergySuzlon Energy secured a 105 MW wind power order from Sunsure Energy, marking the commercial debut of its S175 5.0 MW turbine platform. The order reinforces Suzlon's strong position in India's renewable energy sector, with the stock trading modestly higher in early market action.Nifty IT Hits Two-Year Low as TCS, Infosys, Wipro Extend SelloffThe Nifty IT index dropped to its lowest level since April 2023 as TCS, Infosys, Wipro and other technology stocks came under heavy selling pressure. Concerns over prolonged high US interest rates, weak discretionary tech spending, AI-led disruption and muted earnings expectations continued to dampen investor sentiment across the sector.Industrial Output Rises 5.1% in May as Electricity Generation Powers GrowthIndia's industrial output, measured by the Index of Industrial Production (IIP), rose 5.1% year-on-year in May 2026, up from 4.9% in April, supported by strong electricity generation amid higher temperatures and a favorable base. Manufacturing growth slowed to 5.5%, while mining contracted for the fifth straight month.Capri Global, Ather Energy Among Stocks Hitting Fresh 52-Week HighsSeveral BSE 500 stocks touched new 52-week highs, led by Capri Global Capital, Ather Energy, GMR Airports, Gland Pharma, Phoenix Mills, Federal Bank and Radico Khaitan, reflecting continued buying interest despite subdued broader market sentiment.Apar Industries Approves Rs. 2,500 Crore Fundraising PlanApar Industries' board approved raising to Rs. 2,500 crore through equity shares, warrants, convertible securities, or other instruments via a QIP, rights issue, preferential allotment, or a combination of these routes. The stock traded marginally higher following the announcement.Sterling & Wilson Bags $560 Million Egypt Solar Project in JV With Hassan AllamSterling and Wilson Renewable Energy, through its 50:50 joint venture with Hassan Allam Construction, secured a $560 million contract for Egypt's West Minya Solar Power Project. The stock gained nearly 1%, while trading volumes surged over 1,000%, reflecting strong investor interest following the international order win.Nifty Erases Most Losses, Trades Near 23,930 in Choppy SessionThe Nifty 50 traded at 23,926.50, down 0.08%, recovering sharply from early losses as selective buying trimmed declines. Despite volatility, weakness in IT and auto stocks kept the benchmark under pressure, while the Sensex remained nearly flat around 76,716 in afternoon trade.Capri Global Shares Surge 6%, Hit Fresh 52-Week HighCapri Global Capital jumped over 6% to touch a new 52-week high of Rs 230.50, supported by heavy trading volumes that were more than three times the five-day average, making it one of the session's top-performing financial stocks.Afcons Infrastructure Recommends Rs 2 Final Dividend for FY26Afcons Infrastructure's board recommended a final dividend of Rs 2 per share for FY 2025-26 and fixed July 23 as the record date. The stock traded lower despite the dividend announcement.Maruti Suzuki Surges Over 5% After Broker Upgrade, Tops Nifty GainersMaruti Suzuki shares rallied 5.23% to Rs 14,114, emerging as one of the top Nifty gainers. Strong buying followed a bullish brokerage outlook, with optimism around robust passenger vehicle demand, easing input costs and improved earnings growth driving investor sentiment.Crest Ventures Signs Dadar Redevelopment Pact, Shares Rise Over 3%Crest Ventures, through its wholly owned subsidiary Sutlej Housing, has signed a development agreement with Prafulla Co-operative Housing Society for a major cluster redevelopment project in Mumbai's Dadar. The announcement lifted the stock over 3%, reflecting investor optimism over the company's expanding presence in high-value urban redevelopment projects.Kalpataru Projects Secures Rs 2,957 Crore Orders Across India and OverseasKalpataru Projects International and its overseas subsidiaries secured new orders worth Rs 2,957 crore across the power transmission and distribution, buildings and factories, and water segments. The diversified order wins strengthen the company's execution pipeline and reinforce its presence in both domestic and international infrastructure markets.Ola Electric Rallies Over 8%, Emerges Among Top Nifty Midcap GainersOla Electric Mobility shares surged 8.52% to Rs 43.82, extending strong intraday gains and emerging among the session's top performers. Sustained buying interest and improved investor sentiment helped the EV maker outperform the broader market despite volatility in benchmark indices.SpaceX Shares Jump Over 7%, Ease in Pre-Market After Record RallySpaceX shares closed 7.15% higher at $164.19, extending a strong rally during regular trading. However, the stock slipped 1.17% in pre-market to $162.27, indicating mild profit-booking after the sharp gains while investor sentiment remained broadly positive.Titan Shares Climb Nearly 3% as Buying Momentum Lifts Stock Above Rs 4,390Titan Company shares gained 2.67% to Rs 4,391.40, extending their upward momentum through the trading session. Strong investor buying helped the Tata Group stock outperform the broader market, with sustained demand keeping it near the day's highs despite volatile benchmark indices.Veljan Denison Tops Gainers; Ghushine Fintrade Leads LosersVeljan Denison surged 20% to lead the day's gainers, followed by Credent Global Finance and Haria Apparels. On the losing side, Ghushine Fintrade Ocean tumbled nearly 20%, while Billwin Industries and Innovative Ideals & Services also witnessed sharp declines amid volatile trading.Godrej Properties Buys 47-Acre Chennai Land With Rs 500 Crore Revenue PotentialGodrej Properties has acquired a 47-acre land parcel in South Chennai to develop primarily plotted residential units. The project offers a developable potential of around 1.2 million sq ft and an estimated Rs 500 crore revenue opportunity, boosting the company's expansion in one of India's fastest-growing residential markets.HDFC Bank Ends Higher as Late Buying Pushes Stock Above Rs 800HDFC Bank shares closed at Rs 800.45, up 0.19%, after recovering from intraday lows through strong late-session buying. The stock reclaimed the Rs 800 mark, with sustained demand in the final hour helping India's largest private lender outperform the broader banking pack.UB Token Slumps Over 16% as Selling Pressure Intensifies on BinanceThe UB/USDT perpetual contract plunged 16.33% to 0.10307 USDT, extending losses amid heavy selling on Binance. The token witnessed sharp intraday volatility, with persistent bearish momentum and profit-booking pushing prices lower despite brief recovery attempts during the trading session.Veljan Denison Leads Gainers; Ghushine Fintrade Tops LosersVeljan Denison surged 20% to emerge as the session's top gainer, followed by Haria Apparels and VJTF Eduservices. Among losers, Ghushine Fintrade Ocean dropped nearly 20%, while Broach Lifecare, Retina Paints and Silver Pearl Hospitality extended sharp declines in a volatile session.Wipro Shares Slide Nearly 3%, Extend Weakness Amid Persistent IT SelloffWipro shares fell 2.90% to Rs 170.39, extending their downward trend as selling pressure persisted across the IT sector. Weak investor sentiment, concerns over global technology spending and broad-based weakness in frontline IT stocks kept the stock near multi-month lows.Bharat Dynamics Gains Nearly 2.5% as Defence Stocks Stay in FocusBharat Dynamics shares rose 2.49% to close at Rs 1,368.40, supported by sustained buying interest in defence stocks. The stock recovered strongly in late trade, extending recent gains as investors remained optimistic about the sector's long-term growth prospects and healthy order pipeline.Morgan Stanley Cuts Oil Price Forecast on Faster Hormuz Recovery, Glut RisksMorgan Stanley has lowered its oil price forecasts for the second time in two weeks, citing faster-than-expected normalization of crude flows through the Strait of Hormuz. The brokerage also flagged rising US oil supply and weak Chinese demand as key factors increasing the risk of a global crude surplus in coming months.Rupee Ends 13 Paise Lower as Dollar Demand, Safe-Haven Flows PersistThe Indian rupee weakened for a third straight session, closing 13 paise lower at 94.66 against the US dollar. Persistent safe-haven demand for the greenback, strong corporate dollar buying and global risk-off sentiment kept pressure on the domestic currency, with analysts identifying 95.10 as key resistance.Rupee Ends 13 Paise Lower as Dollar Demand, Safe-Haven Flows PersistThe Indian rupee weakened for a third straight session, closing 13 paise lower at 94.66 against the US dollar. Persistent safe-haven demand for the greenback, strong corporate dollar buying and global risk-off sentiment kept pressure on the domestic currency, with analysts identifying 95.10 as key resistance.Sensex, Nifty End Lower on Expiry Day; IT Stocks Drag, Realty OutperformsIndian benchmark indices closed lower in a volatile June expiry session, with the Nifty ending below 23,900. IT stocks led the decline, while pharma, realty and consumer durables outperformed. Maruti Suzuki, Titan and Adani Enterprises topped gainers, whereas Infosys, TCS, Wipro and Eicher Motors weighed on the indices.
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