Latest Stock Market News

Within the blue-chip Nifty50 pack, UltraTech Cement was the top gainer with an upside of 2%. Other gainers were ICICI Bank, L&T, NTPC, LTIMindtree, and Bajaj Finance. On the other hand, stocks like Apollo Hospitals, Hindalco, M&M, and HDFC Bank came under selling pressure with losses of up to 1.6%.

​On June 25, the closing prices of five stocks from the Nifty500 pack dropped by more than 2% relative to the VWAP, and a shift below the VWAP suggests a potential bearish trend.

Olectra Greentech Ltd., incorporated in the year 2000, is a Small Cap company (having a market cap of Rs 14841.84 Crore) operating in Electric/Electronics sector.

DEE Development Engineers, specializing in process piping solutions, listed with a 67% premium. The company, with over three decades of manufacturing experience, offers a range of high-quality piping products and is supported by prominent book running lead managers SBI Capital Markets and Equirus Capital.

The promoters of Vedanta have reportedly sold 17.1 crore shares of the company and the transaction value is estimated to be around Rs 7,000-8,0000 crore. The official buyers and sellers of the transaction are not yet known.

The stock quoted a 52-week high of Rs 30710.15 and a 52-week low of Rs 22601.3.

A total of 5,234 shares changed hands on the counter till 10:05AM (IST).

As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.

It is always good to have FIIs at the lowest level of ownership. At the peak, we had 24% of the market owned by FIIs. Today, we are close to 16%. So, most of the remainder of investors probably are going to be long-term. They are unlikely to keep on selling more where this ownership is going to go lower, says Samit Vartak.