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Market Update - Nifty opens above 24,100, Sensex up 370 points

Indian benchmark indices started higher on June 25, buoyed by falling crude oil prices. The Sensex rose by 366.50 points to 77,357.72, and the Nifty gained 105.85 points to 24,127.50. Market breadth showed 1,566 advancing shares, 615 declining, and 160 unchanged. Major Nifty gainers included Interglobe Aviation, Shriram Finance, M&M, Maruti Suzuki, and Eicher Motors; Hindalco, Eternal, ONGC, Titan Company, and JSW Steel were notable losers.

Key Headlines

• Government to exercise green shoe option on IRFC OFS
• Embassy Developments signs non-binding Rs. 1,500-cr MoU with Uttar Pradesh government
• HCL Technologies expands partnership with Nokia to accelerate the adoption of autonomous networks through AI-driven network automation

Rupee trends

On June 25, the rupee opened 37 paise stronger, supported by anticipated intervention from the Reserve Bank of India (RBI) and moderating Brent crude prices. These factors contributed to improved stability for the currency, despite persistent weakness among other Asian currencies.