Business Economy


Sensex soars by 1,000.36 points

Mumbai, June 26 (UNI) Extending the winning streak for the third straight session today, the BSE Sensex zoomed up by 1,000.36 points to end firm at 83,755.51 backed by gains in Asian markets and continued optimism around a possible Israel-Iran ceasefire, traders said
Continued support from domestic institutional investors and expectations of further revival in corporate earnings in the first quarter of the ongoing fiscal year are also supporting market sentiment, traders added.
The National Stock Exchange (NSE) too advanced by 304.25 points to settle at 25,549.00.
The Sensex opened higher at 82,882.92 as compared to its previous close of 82,755.51 and rose further to register an intra-day high of 83,805.91 and low of 82,816.26 points.
The Nifty registered an intra-day high at 25,565.30 and low at 25,259.30 points.
The BSE Mid-Cap index edged higher by 0. 56 percent and BSE Small-Cap index inched up by 0.12 pc.
The market breadth was stronger on BSE, as 2,094 scrips rose while 1,901 declined and 158 others were unchanged.
Among sectoral indices, barring BSE IT and Realty which edged down by 0.14 pc and 1.04 pc respectively, all other ended the session in green with BSE Metal being the top gainer (up by 2.28 pc).
Other sectoral gainers were Commodities by 1.39 pc, Energy by 1.68 pc, FMCG by 0.61 pc , Financial by 1.25 pc, Health care by 0.28 pc, Industrial by 0.58 pc, Telecom by 0.80 pc, Utilities by 1.24 pc, Auto by 0.51 pc, Bankex by 0.95 pc, Capital goods by 0.36 pc, Consumer Durables by 0.79 pc, Oil & Gas by 1.88 pc, Power by 1.13 pc, and Teck by 0.48 pc.
Among 30 scrips, 22 advanced while eight declined.
Top five gainers were Tata Steel (up by 2.59 pc to Rs 160.45), Adani Ports (by 2.46 pc to Rs 1,426.60), Eternal (by 2.45 pc to Rs 265.15), Bharti Airtel (by 2.44 pc to Rs 2,013.50) and Bajaj Finance (by 2.26 pc to Rs 949.20).
Losers were Tech Mahindra (down by 0.39 pc to Rs 1697.70), Maruti (by 0.36 pc to Rs 12,720.00), Trent (by 0.31 pc to Rs 6,110.00), M&M (by 0.30 pc to Rs 3,205.80) and Sun Pharma (by 0.27 pc to Rs 1,666.00).
In global markets, Asian shares ended mixed, as Nikkei 225 rose by 1.62 pc, Straits Times advanced by 0.32 pc, Hangseng fell by 0.61 pc and Kospi declined by 0.93 pc.
European stocks edged higher, as FTSE went up by 0.26 pc, CAC by 0.24 pc and DAX by 0.88 pc.
In the US, shares ended on a subdued note on Wednesday. The S&P 500 hovered near the flatline, closing at 6,092.16. The Nasdaq inched up 0.31 pc, while the Dow slipped by 0.25 pc.
UNI JS SS
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Hindalco to acquire US-based AluChem Inc for USD 125 million

26 Jun 2025 | 8:20 PM

Mumbai, June 26 (UNI) Hindalco Industries Limited, the metals flagship of the Aditya Birla Group, has announced the acquisition of a 100 percent equity stake in the US-based AluChem Companies Inc, a prominent manufacturer of specialty alumina, for an enterprise value of USD 125 million.

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Brihaspathi Tech to set up CCTV manufacturing facility in Hyd with Rs 70 cr investment

26 Jun 2025 | 7:40 PM

Hyderabad, June 26 (UNI) Hyderabad-based Brihaspathi Technologies Limited, a AI surveillance and security solutions provider, is establishing a new 72,000 sq ft CCTV manufacturing facility with an investment of Rs 70 crores in Hyderabad, which is expected to be operational by December end this year.

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Sensex soars by 1,000 36 points

26 Jun 2025 | 6:43 PM

Mumbai, June 26 (UNI) Extending the winning streak for the third straight session today, the BSE Sensex zoomed up by 1,000.36 points to end firm at 83,755.51 backed by gains in Asian markets and continued optimism around a possible Israel-Iran ceasefire, traders said
Continued support from domestic institutional investors and expectations of further revival in corporate earnings in the first quarter of the ongoing fiscal year are also supporting market sentiment, traders added.

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Kottayam-Kochi Rubber Market Rates

26 Jun 2025 | 5:50 PM

Kottayam, June 26 (UNI) Following were the Rubber Market rates announced by the Rubber
Board here today per quintal
KOTTAYAM
RSS FOUR: 20050
RSS FIVE : 19750
ISNR TWENTY: 17800
SIXTY PERCENT LATEX: 14215
KOCHI
RSS FOUR : 20050
RSS FIVE : 19750
INTERNATIONAL RATES (BANGKOK)
RSS One : 19707
RSS Two : 19549
RSS Three: 19404
RSS Four : 19325
RSS Five : 19207
KUALALUMPUR
SMR TWENTY : 14521 ($169.10)
SIXTY PERCENT LATEX : 12111 ($141.05)
UNI PA BM.

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Rupee rises by 37 paise to 85 70 against US dollar

Rupee rises by 37 paise to 85 70 against US dollar

26 Jun 2025 | 5:21 PM

Mumbai, June 26 (UNI) Rupee on Thursday appreciated by 37 paise to close at 85.70 against the US dollar, on weak dollar demand by bankers and importers amid easing geopolitical tension, forex trader said
However, a rise in global crude oil prices and FII outflows prevented sharp gains in the local unit, forex traders added
The currency opened 15 paise higher at 85.92 against the dollar. It closed the previous session at 86.07
The partially convertible rupee recorded intra-day high and low at 85.63 and 85.93 respectively, dealers added.

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