Indian equity markets kicked off the week on a strong note, with the 30-shares BSE Sensex soaring over 500 points within the first two hours of trading, reflecting robust investor sentiment. At 12:05 PM, Sensex rose 0.64%, 515.50 points to 81,634.10.
This upward momentum was supported by a boost in India’s foreign exchange reserves, which helped offset early pressure on the rupee. However, geopolitical tensions in the Middle East — particularly escalating conflict between Israel and Iran — continued to drive global crude prices higher.
As a result, the rupee weakened slightly, slipping 6 paise to trade at 86.17 against the US dollar due to increased demand for the greenback.
Among the top gainers on the Sensex were Power Grid, Larsen & Toubro, HCL Technologies, TCS, Airtel, Ultratech Cement, Infosys, and Tech Mahindra. On the downside, Tata Steel, Adani Ports, SBI, Sun Pharma, and Tata Motors lagged behind.
Also Read: Gift Nifty Trades Higher Amid Mixed Global Sentiments: What is Ahead for Indian Stock Market?
Shares of real estate major DLF experienced volatility despite reports of a significant ₹5,500 crore investment push in the National Capital Region, particularly Gurugram. The move signals the company’s aggressive expansion strategy in the region, though investor response remained mixed during early trade.
Pharma giant Lupin has entered into a licensing and supply agreement with Sino Universal Pharmaceuticals for the commercialisation of its Tiotropium Dry Powder Inhaler (18 mcg/capsule) in the Chinese market. Under the agreement, Lupin will manufacture the COPD medication, while SUP will oversee regulatory clearances and sales operations.
In a significant financial restructuring move, SpiceJet has signed a term sheet with Carlyle Aviation Management to reorganise aircraft lease liabilities totalling approximately USD 121.2 million. The deal is aimed at improving the airline's balance sheet and operational flexibility.
SpiceJet has reported its highest-ever quarterly net profit of ₹319 crore for Q4 FY25, marking a dramatic turnaround from ₹26 crore in the previous quarter — a nearly 12-fold jump. This performance also marks the airline’s second consecutive profitable quarter and, more notably, its first full-year net profit since FY2018. For the full fiscal year, the airline posted a net profit of ₹48 crore, reversing a ₹404 crore loss from FY24.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
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Published on: Jun 16, 2025, 12:18 PM IST
Sachin Gupta
Sachin Gupta is a Content Writer with 6+ years of experience in the stock market, including global markets like the US, Canada, and Australia. At Angel One, Sachin specialises in creating financial content that simplifies complex market trends. Sachin holds a Master's in Commerce, specialising in Economics.
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