After opening in the deep red, Dalal Street managed to shrug off a portion its losses on Monday, June 23, as stock-specific moves supported losses in a volatile session on trade, while the broader end of the markets outperformed. Volatility, measured by the India VIX index, spiked over 5 percent, but moderated to stand near 14.09, up two percent. At close, the Sensex was down 511.38 points or 0.62 percent at 81,896.79, and the Nifty was down 140.50 points or 0.56 percent at 24,971.90. About 1,794 shares advanced, 2,113 shares declined, and 175 shares were unchanged.
2/11
Trent | CMP Rs 6,120 | The stock surged as much as 4 percent on Monday, topping the Nifty gainers' list, as strong bullish calls drove fresh buying interest. The rally extended into a second session, bucking the broader market weakness amid lingering geopolitical tensions. Last week, three brokerages issued bullish calls on the apparel giant. HSBC initiated coverage with a ‘buy’ rating.
3/11
Hero MotoCorp | CMP Rs 4,247 | Shares slipped 2 percent after the transport ministry made anti-lock braking systems (ABS) mandatory for all new scooters and motorcycles. Hero MotoCorp is likely to be the most impacted, international brokerage Nomura said.
4/11
Bharat Electronics | CMP Rs 421 | Shares extended intraday gains and touched a fresh record high on June 23 after the company secured additional orders worth Rs 585 crore. The said orders include fire control and sighting system for missiles, communication equipment, jammers, spares, services, etc.
Zen Tech | CMP Rs 1,995 | Shares rose 5 percent to hit an upper circuit after the company announced its foray into the unmanned aerial vehicle (UAV) segment through a strategic acquisition. Zen said it had acquired a controlling stake in TISA Aerospace Pvt. Ltd., a young defence-tech firm known for its indigenous UAVs and loitering munitions for Rs 6.56 crore.
6/11
BSE | CMP Rs 2,772 | Shares rallied over 3 percent after CNBC TV-18 reported that the stock is likely to be added to the benchmark index Nifty 50 during its next review. The shares of Asia's oldest bourse have now snapped a two-day losing streak, over hopes of higher inflows following inclusion into the benchmark index.
7/11
Bajaj Auto | CMP Rs 8,277 | Shares declined over a percent after the transport ministry made anti-lock braking systems (ABS) mandatory for all new scooters and motorcycles. The regulation could push up prices by around Rs 3,000 per unit, translating to a 3–5 percent increase in overall vehicle costs — a burden that may weigh heavily on price-sensitive segments.
8/11
Zee | CMP Rs 148 | Entertainment firm's shares rallied over 11 percent as the media firm's investor update shared its growth plans for the current financial year. Compared to the largest player in the media industry, Zee noted that it was the most profitable network, despite being smaller in scale due to its lack of presence in the sports segment.
Northern Acr | CMP Rs 225 | Shares jumped 8 percent after ace investor Madhusudan Kela acquired shares via block deals, through his fund Cohesion MK Best Ideas Sub-Trust. The fund bought 10 lakh shares of the company in the block deals at a price of Rs 208.83 apiece, showed exchange data.
10/11
Ola Electric Mobility | CMP Rs 43.4 |Shares sank 6 percent after the auto player saw a large trade worth Rs 107 crore. Around 2.41 crore shares, equaling 0.55 percent of the total equity in the firm, worth Rs 107 crore was exchanged at Rs 44 per share. This comes as a 4.5 percent discount to the previous session's closing price of Rs 46.08 on the NSE.
11/11
Nifty IT | The information and technology gauge Nifty IT sank 1.5 percent after U.S.-based IT bellwether Accenture reported its earnings for the May quarter, flagging lower growth going ahead, along with rising uncertainties. Accenture also said that its new bookings decreased 6 percent to $19.7 billion in the third quarter.
