Nifty 50 ended the session at 25,244.75, gaining 200.40 points or 0.80%. Bank Nifty rose by 159.25 points to close at 56,621.15, up 0.28%. Sensex advanced 700.40 points, settling at 82,755.51, a rise of 0.85%. Gift Nifty closed at 25,247.50
Global updates/events:
Trump Comments on Global Tensions
Former U.S. President Donald Trump commented on key global issues, stating:
- U.S. strikes on Iran caused “obliteration” and Iran couldn’t respond.
- Progress is being made on Gaza; talks with Zelensky on Ukraine are planned.
- Ceasefire between Iran and Israel is going well.
- He praised Israel’s resilience and said Iran won’t get a nuclear bomb.
- Trump also hinted at a future relationship with Iran and confirmed ongoing talks with Putin.
Israel Labels Iran’s Central Bank a Terrorist Organization
In a significant escalation, Israel’s Defence Minister has signed an order declaring Iran’s central bank a terrorist organization. The move aims to disrupt what Israel calls the financial backbone of Iran’s terror regime.
Officials accuse the bank of channeling billions into global terrorism, emphasizing that no regime element involved in terrorism will be granted immunity.
Major news:
RBI Extends Market Timings for Call Money and Repo Markets
The Reserve Bank of India (RBI) has announced revised trading hours for key money market instruments:
- Call money market hours will be extended from 9 AM to 7 PM, effective July 1, 2025.
- Market repo and tri-party repo trading will run from 9 AM to 4 PM, starting August 1, 2025.
- Timings for government securities, forex markets, and interest rate derivatives remain unchanged.
These changes aim to enhance market flexibility and liquidity.
Key Cabinet Approvals Announced
The Union Cabinet has approved several major projects:
- Pune Metro Line 2 extension at an estimated cost of ₹3,626 crore.
- Jharia Coalfield Rehabilitation, with a revised master plan and allocation of ₹5,940 crore.
- International Potato Center in Agra, with ₹111.5 crore sanctioned to set up a regional center in Uttar Pradesh.
These approvals aim to boost infrastructure, energy rehabilitation, and agricultural research.
Stock news:
- Scoda Tubes: The company plans to expand its seamless capacity from 10,068 MTPA to 20,068 MTPA (99% increase), welded from 1,020 MTPA to 13,150 MTPA (11x increase), and add 20,000 MTPA in mother hollow capacity (new addition) by FY26.
- Tata Motors: Co expects healthy single digit growth in CV segment in FY26.
- Lupin: Co receives approval from US FDA for prucalopride tablets which has US sales of 184M USD.
- Grasim: Company commences commercial production of resin manufacturing block at Mahad, Maharashtra.
- Adani Total Gas: Adani Total and Jio-bp signed an agreement to offer each other’s fuels across select outlets.
- Exicom Tele-Systems to raise up to Rs. 260 cr via right issue.
- Reliance Infra’s arm Reliance Defence bags export order worth Rs. 600 cr from German company.
- KNR construction: Company wins order worth Rs. 4800 cr.
- RITES Limited: Navratna stock jumps after receiving ₹28 Cr order from Gujarat Urban Development Company.
Top gainer/Top loser (Nifty 500):
Conclusion:
Markets closed on a strong note with broad-based gains across indices, led by positive investor sentiment amid easing geopolitical tensions and domestic policy developments. Global updates, including Donald Trump’s remarks on Iran and Israel, and Israel’s action against Iran’s central bank, continue to influence market mood. Meanwhile, the RBI’s move to extend trading hours for key money markets and fresh Cabinet approvals for infrastructure and energy projects signal a proactive approach to boosting market efficiency and economic growth.
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
