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Stock Market Live Updates | Gift Nifty Signals Gap-Down As Tensions Escalate

Synopsis:

Today’s share market’s key developments include: NLC India secures battery storage project; JSW Energy enters Raigarh bidding; HAL wins SSLV deal; Waaree’s solar order grows; RBI eases SFB norms; BajelProjects bags Rs. 400 crore order; FIIs net buy Rs. 7,941 crore.


 1:30 PM IST

Stock Market LIVE Update | Sensex slumped 300 points | Nifty falling below the 24,950 level

Sensex dropped by 300 points while Nifty slipped below the 24,950 mark amid broad market weakness. Indogulf Cropsciences launched its IPO with a price band of Rs. 105–111 per share, aiming to raise Rs. 200 crore through a mix of fresh issue and OFS. The IPO opens on 26 June and lists on BSE and NSE. Top gainers included Zee Entertainment and MRPL, while major losers were Future Consumer, Godrej Industries, and Sterlite Technologies, reflecting mixed investor sentiment across sectors.


 12:30 PM IST

Stock Market LIVE Update | Sensex slumps 600 points | Nifty slips below 24,950

The Sensex dropped by 600 points and the Nifty slipped below 24,950, reflecting broad market weakness. Bitcoin fell under $99,000 amid rising tensions between the US and Iran, with altcoins dropping up to 4%. Key crypto support lies near $94K–$98K. Despite volatility, long-term holders continue to accumulate. Meanwhile, shares of Zee Entertainment and MRPL rallied over 6%. Small finance banks surged up to 6% after the RBI eased priority sector lending rules by 15 percentage points.


 11:30 AM IST

Stock Market LIVE Update | Sensex falls 550+ points | Nifty slips below 25,000

The Sensex dropped by over 550 points while the Nifty slipped below the 25,000 mark amid broad market pressure. Meanwhile, Waaree Renewable Technologies Ltd shares edged up 0.84% to Rs. 994.10 after the company signed an MoU for a 100 MWp solar power project. In IPO news, HDB Financial Services' Rs. 12,500 crore offering is facing valuation concerns, as its grey market premium has dipped to around Rs. 50–51, reflecting only a modest 7% gain over the issue price.


 11:00 AM IST

Stock Market LIVE Update | Sensex slumped 650 points | Nifty dipped below 25,000

The Sensex plunged over 650 points, and the Nifty slipped below 25,000 as IT stocks like Infosys, Wipro, and TCS dropped up to 2.5%, reacting to Accenture’s Q3 results. FIIs have sold Rs 1 lakh crore across six sectors, including IT and FMCG, over the past six months. Aditya Birla Lifestyle listed at Rs 167.75 post demerger. Meanwhile, Trent and BEL are set to see $700 million in inflows as Nestle and IndusInd exit the Sensex.


 9:30 AM IST

Stock Market LIVE Update | Sensex tanks over 550 points | Nifty falls below 25,000

The Sensex fell over 550 points and the Nifty slipped below the 25,000 mark on Monday, as heightened geopolitical tensions weighed on investor sentiment. U.S. airstrikes on Iran’s nuclear sites led to fears of further escalation and rising oil prices. Concerns over possible disruption in the Strait of Hormuz also added to the caution. Meanwhile, AJC Jewel Manufacturers launched its Rs. 15.39 crore IPO today. Nifty faces strong resistance at 25,200, with volatility likely to persist amid global uncertainty.

GIFT NIFTY: Gift Nifty suggests a gap down opening for the Indian market amid escalation of the Geo-political tension in the middle East. Nifty spot in todays session is expected to trade in the range of 24,800-25,200.

INDIA VIX: 13.67 | -0.58 (4.09%) ↓ today

Latest Market News

1. NLCIndia receives LoA from Tamil Nadu Green Energy Corporation for the development of three standalone Battery Energy Storage System projects.

2. ⁠JSWEnergy enters race for Raigarh Champa Rail Infra as NCLAT allows fresh bidding.

3. ⁠Hindustan Aeronautics - HAL has bagged the SSVL technology from ISRO after placing a winning bid worth ₹511 crore. InSpace Chairman Pawan Goenka spoke exclusively to CNBC-TV18 and said that HAL is likely to receive 6-8 SSLV launches per year worth $6.5 million. In two years from now, HAL will become the only company making SSLV rockets in India.

4. ⁠Waaree Renewable Technologies Ltd - The company's existing solar EPC order has been revised upward by ₹246.92 crore, taking the total project value to ₹1,480.40 crore. The order relates to a massive 2,012.47 MWp ground-mounted solar project.

5. ⁠Small Finance Banks - The RBI on Friday eased lending norms for small finance banks by reducing their mandatory priority sector lending requirement, covering areas like agriculture and small enterprises by 15 percentage points.

6. ⁠Bajel Projects bags ultra mega power transmission order worth over ₹400 cr.

7. ⁠FII/ DII figures (provisional) for 20-06-25:  FII: +7941 DII: -3050.

NLC INDIA LIMITED

Trade

227.494.85 (2.17 %)

Updated - 23 June 2025
229.80day high
DAY HIGH
224.10day low
DAY LOW
1586574
VOLUME (BSE)

In-Depth Market Insights: Global Outlook, Derivatives & More

Other Asset Classes

  1. Treasury Yields: 

    • The US 10-year yield is trading around 4.397%.

  2. Currency: 

    • The US Dollar Index was down 0.19% placed around 98.50.

  3. Commodities:

    • Oil futures jumped more than 2% at the start of the first trading session since the U.S. launched direct attacks against Iran, casting a shadow over the supply outlook in the embattled oil-rich Middle Eastern region. Global benchmark Brent was up 2.34%, to $78.61 per barrel.

    • Gold fell 0.5% to trade at $3,385.70 a troy ounce.

Asian Markets

  1. General Trends:

    • Asia-Pacific markets declined on Monday morning trade, after the United States’ attack on three nuclear sites in Iran raised oil prices and investors’ fears of an escalation in the Middle East conflict.

  2. Sector-Specific Performance:

  • Japan’s benchmark Nikkei 225 fell 0.58%, while the broader Topix index declined 0.48%. In South Korea, the Kospi index lost 1.16%, while the small-cap Kosdaq plunged 1.99%.

India Market Outlook

  1. Market in Previous Session:

    • Indian equity benchmarks wrapped up the session on a robust note, decisively breaking through critical resistance level, propelled by sustained institutional accumulation. The Nifty 50 convincingly closed above the psychologically significant 25,000 mark, underscoring bullish momentum. Relentless inflows from institutional investors—both Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs)—acted as key tailwinds, offsetting headwinds from prevailing geopolitical uncertainties and reinforcing positive sentiment across the street.

    • At the closing bell, the Sensex rallied 1,046.30 points, or 1.29%, to settle at a fresh high of 82,408.17, while the Nifty 50 advanced 319.15 points, or 1.29%, to end at 25,112.40.

    • Sectoral breadth remained firmly positive, with all Nifty indices closing in the green. Leadership came from Nifty Realty, Telecom, PSU Banks, and Financial Services, which posted outsized gains in the range of 1%–2%, reflecting broad-based risk-on appetite. 

    • Participation was equally strong in the broader markets, with the BSE Midcap index climbing 1.20% to 45,480.26 and the BSE Small Cap advancing 0.55% to close at 52,378.52, signaling healthy market breadth and robust investor interest across capitalizations.

TRADE SETUP FOR JUN 23

  1. Nifty Short-Term Outlook:

    • During Friday’s session, the Index printed a robust bullish candle, marking a higher high and higher low on the daily chart, and managed a close above the psychological 25,000 mark — signaling strong bullish intent.

    • However, heightened geopolitical tensions over the weekend in the Middle East triggering a gap-down open in today’s trade, dampening the momentum.

    • Going forward, price action around the 24,700–24,800 zone — which coincides with the previous week’s low and the recent four-session consolidation base — will be critical. Sustained trade above this demand zone could fuel a continuation of Friday’s rebound, targeting the upper end of the five-week trading range, currently caped at the 25,200–25,250 range.

    • A decisive breakout above this overhead supply zone may pave the way for a further leg higher towards the 25,500 handle in the near term.

    • Key support is seen at the 24,500–24,400 region — a key confluence area marked by the 50-day EMA and the lower boundary of the recent multi-week range. 

  2. Intraday Levels:

    • Nifty: Intraday resistance is at 24,140, followed by 25,220 levels. Conversely, downside support is located at 24,920, followed by 24,800.

    • Bank Nifty: Intraday resistance is positioned at 56,330, followed by 56,550, while downside support is found at 55,710, followed by 55,400.

Derivative Market Analysis

  1. Nifty:

    • The highest Call Open Interest (OI) is observed at the 26,000 strike, while immediate call OI is noted at the 25,500 strike, which will act as resistance.

    • Major put writing is noted at the 25,000 strike, which will serve as a crucial support level for Nifty.

    • Call writers have unwound their positions and shifted to higher strikes, while aggressive put writing up to the 25,200 level suggests a positive bias.

    • According to the option chain, the immediate range for Nifty is between 24,800 and 25,200.

    • The Nifty Put-Call Ratio (PCR) has increased by 0.13 and now stands at 1.14.

  2. Bank Nifty:

    • The accumulation of both call and put writers at a single strike price suggests a straddle formation and indicates a key deciding level.

    • Call writers have unwound their positions, and aggressive put writing indicates a positive bias.

    • The 56,000 strike is expected to act as strong support, and the low participation in call writing suggests expectations of further upside.

    • As per the option chain, the immediate range for Bank Nifty is between 56,000 and 57,000.

    • The Bank Nifty Put-Call Ratio (PCR) has increased by 0.20 and now stands at 0.92.

US Share Market News

  1. Performance Overview:

    • S&P 500 closed lower on Friday, as weakness in chip stocks offset remarks from a top Federal Reserve official calling for rate cuts as soon as the Fed’s next meeting.

  2. Sector-Specific Index:

  •  The Dow Jones Industrial Average rose 35 points, or 0.1%, the S&P 500 index fell 0.3%, and the NASDAQ Composite 0.5%. 

  • U.S. stock index futures fell on Sunday evening as investors rushed out of risk-driven assets after Washington over the weekend attacked Iran’s nuclear sites, leading to a potential escalation in the Middle Eastern conflict.

  • Several Fed officials are also set to speak in the coming days, most notably Chair Powell in a two-day testimony before Congress, starting from Tuesday.

  1. Economic Indicators: 

  • Focus this week is also on a string of key economic readings, with preliminary PMI data for June due later on Monday.

Stay on top of the latest market news with Bajaj Broking’s insights. Our point-to-point expert analysis digs deep into the surface, empowering you with a unique perspective on domestic and global stock market events. Get all the current share market news, including US share market updates and the trade set up for today, in one place to make wise investment decisions.

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