Nifty 50 ended at 25,549.00, gaining 304.25 points or 1.21%. Bank Nifty rose by 585.55 points to close at 57,206.70, up 1.03%. Sensex jumped 1,000.36 points to settle at 83,755.87, marking a 1.21% increase. Gift Nifty closed slightly higher at 25,549.50.
Global updates/events
- Iran declines to confirm meeting planned with US on nuclear program CIA chief says ‘credible evidence’ Iran nuclear program severely damaged in US strikes
- U.S. President Donald Trump is considering announcing the next Federal Reserve Chair earlier than scheduled. He is reportedly evaluating Kevin Warsh and Kevin Hassett as potential successors to Jerome Powell. A final decision could be made by September or October.
- Ukrainian President Volodymyr Zelenskyy formally approved plans Wednesday to set up a new international court to prosecute senior Russian officials for the full-scale invasion of Ukraine.
Stock news
- Update on Auto Sector: Govt to soon come up with a scheme for OEMs, planning to come up with a scheme of ₹13,000 crore.
- Signature Global: Company to raise Rs. 875cr by August via debentures to refinance debt, future growth.
- Deepak Builders and Engineers: Co wins order worth Rs. 143cr.
- Zydus Life: Negative news as the US to stop funding the global vaccine alliance, Gavi.
- Nestle India: At Nestlé India’s AGM 2025, the company announced that KitKat has doubled its market share and is now the fastest-growing chocolate brand in India. India has also become the second-largest global market for KitKat, up from tenth place a decade ago. Co also declared a bonus issue of 1:1
- Western Carriers: Surges more than 8% on order win from Jindal Stainless.
- Defence stocks in focus as NATO agrees to 5% hike in defence spending, Bharat Dynamics & Paras Defence up nearly 3% each.
- ABS Marine Services Limited: Stock hits upper circuit after signing ₹178 Cr agreement with Hong Kong based company.
- Delhivery Limited: Stock in focus after 1.2 Cr shares worth ₹461 Cr exchanged hands via block deal.
- Cummins India: Co launches battery energy storage systems to power India’s clean energy transition.
Top gainer/Top loser (Nifty 500)
Conclusion
Markets closed on a strong note with benchmark indices posting over 1% gains, reflecting positive investor sentiment. On the global front, geopolitical developments continue to unfold. Iran remains uncommitted to talks with the US over its nuclear program, while the CIA claims significant damage to Iran’s facilities. Meanwhile, Donald Trump is eyeing an early appointment of the next Fed Chair.
Written by Manideep Appana
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