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Sensex Today Rallies 737 Points | Nifty Above 23,850 | 4 Reasons Why Indian Share Markets Are Rising
Mon, 15 Jun Closing

Sensex Today Rallies 737 Points | Nifty Above 23,850 | 4 Reasons Why Indian Share Markets Are RisingImage source: ThinkNeo/www.istockphoto.com

Although the benchmark indices opened higher, they traded positive throughout the session and ultimately closed green.

Indian equity benchmarks indices, Sensex and Nifty50 urged as the risk sentiment got a boost after the US and Iran announced that they have reached a peace agreement.

At the closing bell, the BSE Sensex  closed points 737 higher (up 0.9%)

Meanwhile, the NSE Nifty closed 231 points higher (up 0.9%)

You can also visit our live blog section for real-time updates and deeper insights into the market.

Trent, Eternal, UltraTech Mahindra were the top gainers today.

NTPC, ICICI Bank, Asian Paints on the other hand, were among the top losers today.

The GIFT Nifty was trading at 23,906 with 278 points higher at the time of writing.

The BSE 150 Midcap index is trading 1.4% higher and the BSE 250 SmallCap index is trading 1.3% higher.

Sectoral indices were trading mixed today with auto sector and realty sector witnessed buying. Meanwhile, stocks in metal sector and healthcare sector witnesses selling pressure.

Now track the biggest movers of the stock market using stocks to watch today section. This should help you keep updated with the latest developments...

The rupee is trading at Rs 94.6 against the US$.

Gold prices for the latest contract on MCX are trading 1.8% higher at Rs 1,53,293 per 10 grams.

Meanwhile, silver prices were trading 2.6% higher at 2,52,810 per 1 kg.

4 reasons why Indian share markets are rising:

#1 US-Iran Peace Deal

Market sentiment improved after the US and Iran agreed to end their 107-day conflict and reopen the Strait of Hormuz. The development eased concerns over global oil supply disruptions and reduced geopolitical uncertainty.

#2 Brent Crude Prices Fall

Brent crude prices declined sharply following the peace agreement, easing inflation concerns globally. Lower oil prices are positive for India as they help reduce inflation, support the rupee, and improve the trade balance.

#3 Positive Global Market Cues

Global markets rallied as investors welcomed the easing of tensions in West Asia. Strong gains across Asian and US markets boosted overall risk appetite and supported investor sentiment.

#4 Rupee Strengthens

The rupee appreciated against the US dollar as lower crude oil prices improved India's economic outlook. A firm domestic market and a weaker dollar further supported the local currency.

Speaking of stock markets, Tanushree Banerjee, Research Analyst at Equitymaster, highlights that tollbooth monopoly stocks are facing rising regulatory risks that could weaken their strong moats.

She notes that changes like market coupling are challenging platforms such as IEX. The main risk is not earnings, but valuation de-rating due to reduced pricing power.

Watch the video below to know more.

KIMS Raises Funds Via Warrants Issue

Shares of Krishna Institute of Medical Sciences (KIMS) came into focus after its board approved the issuance of 77.02 lakh fully convertible warrants on a preferential basis to members of the promoter group at an issue price of Rs 779 per warrant, aggregating Rs 6 billion.

Each warrant can be converted into one equity share within 18 months from the date of allotment.

Out of the total issue, 64.19 lakh warrant worth Rs 500 crore will be allotted to promoters Dr. Abhinay Bollineni and Mr. Advik Bollineni. The remaining 12.84 lakh warrants worth Rs 100 crore will be allotted to promoter group entity Bharas Ventures LLP.

The proposal is subject to approval from shareholders and regulatory authorities. The company will hold an Extra-Ordinary General Meeting (EGM) on 9 July 2026 to seek approval.

After conversion, Bharas Ventures LLP will hold a 0.31% stake in the company. The LLP is jointly owned by the two promoters of the company.

Krishna Institute of Medical Sciences (KIMS Hospitals), headquartered in Hyderabad, is one of the largest corporate hospital chains in Telangana and Andhra Pradesh. It provides multi-specialty healthcare services, focusing on advanced tertiary and quaternary care at affordable costs.

Ather Energy Eyes Major Capital Raise

Electric two-wheeler maker Ather Energy has started talks with at least three investment banks as it prepares for its first fundraising after listing in May 2025. The company is expected to appoint advisers soon and may begin the fundraise as early as July.

It plans to raise up to Rs 25 bn. Of this, up to Rs 15 bn may come through a Qualified Institutional Placement (QIP) of equity shares in one or more tranches.

The remaining Rs 1000 crore (Rs 10 bn) could be raised through other instruments such as equity shares, foreign currency convertible bonds (FCCBs), or similar securities. The funds may also be raised via routes like preferential issues or rights issues, depending on regulations.

The fresh capital is expected to support the company's expansion plans as competition in India's electric two-wheeler market continues to intensify.

To know what's moving the Indian stock markets today check out the most recent share market updates here.

Read the latest Market Commentary


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