Global Cues, Domestic Momentum & Stock-Specific Action Guide Market
Indian equity markets on 24 June 2025 witnessed mixed global cues and strong domestic events. While BSE Sensex closed at 82,055, the NSE Nifty settled at 25,044, and Bank Nifty remained firm at 56,461. Here below is the whole rundown of the top news that is driving the market today.
Global Market Snapshot
- Crude Oil was $68.82 per barrel, indicating tough prices in the geopolitical relief scenario.
- USD-INR was at ₹86.11, indicating stability of INR.
- US Dollar Index was at 97.81.
- US 10-Year Bond Yield was at 4.34%.
- VIX was low at 13.90, indicating lower volatility.
- Gold was around ₹97,200, and silver was at around ₹1,05,000.
- Base Metals indicated a bearish trend.
Geopolitical Relief
US President Donald Trump declared a ceasefire deal between Israel and Iran, subsequently affirmed by the two countries. This supported broad investor mood across the world and lowered crude volatility.
Pharma & Healthcare
- Glenmark Pharma rolled out cancer medication TEVIMBRA in India with a focus on late-stage oncology medicines.
- Gland Pharma JNPC Visakhapatnam plant obtained the USFDA’s EIR (Establishment Inspection Report), a positive export sign.
Infrastructure & Real Estate
- HG Infra was the lowest bidder for a Maharashtra ₹118 crore military engineering services contract.
- Kolte Patil Developers got a ₹417 crore preferential issue sanction at ₹329/share to REP Asia III.
- Mahindra Lifespace opened its new project Codename 64 in Malad West, Mumbai.
- Signature Global enrolled 2 sale deeds in Gurugram, aiming to develop 0.53 million sq. ft. in 9.96 acres.
Manufacturing, Defense & Aviation
- Ambuja Cements commissioned commercial production of its 2.4 MTPA Sankarel plant in West Bengal.
- HAL announced supply of 6 Tejas aircraft to IAF in March 2026.
- Swan Energy & Balu Forge established joint SPV to invest in defence & aerospace businesses (60% & 40% respectively).
Auto & EV
- Tata Motors announced HARRIER EV booking would start from July 2, priced between ₹21.49 lakh to ₹27.46 lakh.
- TVS Motors introduced the TVS HLX 150 5G in the Republic of Congo, its international expansion.
Corporate & Capital Markets
- A record $1 billion funding for Mumbai International Airport was received by Adani Airports—a landmark moment for infrastructure.
- Adani Energy bought back $49.5 million of senior secured notes, marking a deleveraging exercise.
- L&T’s ₹500 crore ESG bonds were listed on the NSE successfully, marking convergence with sustainable funding objectives.
- Astec Lifesciences to raise ₹250 crore via rights issue.
- SATIN Creditcare to consider raising ₹5,000 crore via NCDs on June 27.
- ITI got the final ₹25 crore tranche from C-DOT, closing their sale agreement.
Finance & Investments
- AB Fashion, Adani Total, CESC, IRB Infra, Jindal Stainless, Granules, Poonawalla Fincorp, and SJVN to delist from F&O segment from August 2025—a development that could affect their near-term liquidity and speculative volumes.
- Devyani International raised its holding in SKYGATE Hospitality to 86.1% for ₹106 crore.
- Sona BLW elected Jeffrey Mark as Chairman.
Renewable & ESG
- ENVIRO’s EIE Renewables business segment business unit acquired 49% holding in Sol Trix Energy Solutions and procured orders worth ₹306 crore (India) and ₹115.6 crore (Odisha).
- Acme Solar commissioned its 3.3 MW Pokhran Project, taking its total capacity to 2,829 MW.
Retail, Tech & Hospitality
- Clarks entered into a strategic alliance with Metro Brands to be its sole retail & digital partner for South Asia.
- Lemon Tree Hotels acquired a license agreement for a new 47-room hotel in Punjab.
- Chambal Fertilizers shut down ISGN Corporation, possibly as a part of corporate restructuring.
- Garware Technical Fibres’ UK subsidiary acquired a Norwegian offshore trawl business to bolster its global footprint.
- HCL Tech established partnership with AMD FORGE in AI cloud, evidence of robust future placement in generative AI.
Sector Trends
- Defense and PSE stock profit booking.
- There was strong buying interest seen in metals, banking, infra, and energy segments.
- KPIT Technologies cautioned uncertainty in the business scenario with subdued order conversions and no one-time positives anticipated.
Summary
The market is still in bullish temperament, buoyed by worldwide relief on the geo-political side, new equity commitments, and significant corporate developments in the auto, pharma, infra, and defence spaces. As India Inc prepares to bounce back in the subsequent quarter, one should keep an eye out for stock-specific announcements, particularly in the space of renewables, infrastructure, BFSI, and autos.
Disclaimer
Barawakar does not provide financial advice and the information on the website www.Barawakar.com is only for general use. Users of Barawakar accept full responsibility in the possibility of losing capital. Barawakar strives to provide correct information, but offers no guarantees regarding the accuracy or completeness of data given.
In case of any investments planning, make sure to seek professional counsel or do amplify your own research. The www.barawakar.com website is available to users without warranties on availability or functionality. By using this website, you accept the terms of these conditions.
For any questions, feel free to reach out to us.