News

Indian equities started trade on a quiet note even as the US market in the overnight session hit new record highs. At the open, Nifty50 traded higher by over 43 points or 0.17 per cent at 25,560, while the BSE 30-share Sensex climbed 158 points or 0.19 per cdent to 83,764.18. Meanwhile, the broader markets also opened on a positive note, with the Nifty Midcap 100 index up 0.23 per cent.

The Bank Nifty gauge also was up with mild gains of 0.13 per cent or 74.4 points at 57,387.15. 

From the Nifty50 pack, top gainers in early trade included stocks like Apollo Hospitals, Asian Paints, Bharat Electronics, IndusInd Bank and Bharti Airtel, while laggards were Axis Bank, Trent, Tata Steel, Cipla and Shriram Finance.

Investors are keeping a close watch on the final manufacturing PMI readings for June from India and China, as well as a crucial speech by US Federal Reserve Chair Jerome Powell at the 2025 European Central Bank Forum in Portugal — both of which could shape investor sentiment and rate expectations.

In a mixed sectoral performance, oil & gas, IT and realty led the gains, while PSU Bank turned out to be the top laggard after gaining sharply in the previous session. Other notable sectoral losers as at the last count were metal, financial services and pharma indices.

CG Power and Industrial Solutions: Fundraise plan via QIP may energise CG Power shares, bankers include Dam Capital, HSBC, IIFL.

Bank of India: Effective July 1, lending rate revision may impact borrowing costs; RBLR remains unchanged. 

Raymond Realty: Scrip of Raymond Realty is set to list on the stock exchanges on July 1, after their demerger from Raymond Limited. 

HCL Technologies: IT major may be watched closely after recent sector-wide pressure; bargain buying possible.

Zee Business Managing Editor Anil Singhvi expects support for the Nifty50 index at 25,325-25,425 levels and a strong buy zone at 25,125-25,265 levels on Tuesday, July 1. For the Nifty Bank, the market wizard expects support at 56,850-57,050 levels and a strong buy zone at 56,550-56,675 levels. 

Most Asian stock markets rose inTuesday's session, with South Korea leading gains tracking record highs on the Wall Street. The key MSCI Asia ex Japan index at around 8:53 am traded higher by 0.54 per cent.

Japan's Nikkei, meanwhile, traded with a cut of over 1 per cent- after the US President Donald Trump threatened fresh tariffs against Tokyo.

After S&P 500 and Nasdaq marked fresh record closing highs in the previous session, US stock indices futures edged higher in early Asian trading hours.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

LATEST NEWSBy accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.