Image source: Thitima Uthaiburom/www.istockphoto.comThe benchmark indices continued the upward momentum, ended the session in green.
Indian equity markets indices continued their northward march for the fourth consecutive session, ending the week’s last trading session in positive territory.
At the closing bell on Friday, the BSE Sensex closed higher by 303 points (up 1.2%).
Meanwhile, the NSE Nifty closed 88 points higher (up 1.2%).
Asian Paints, UltraTech Cement, Power Grid Corp among the top gainers today
Axis Bank, Titan Company, Bajaj Finance on the hand, were among the top losers today.
For impact of the Bank Nifty companies and comprehensive overview of the index, check out Equitymaster’s Bank Nifty Companies list.
The BSE MidCap index ended 0.4% higher and BSE SmallCap index ended 0.5% higher.
Sectoral indices were trading mixed on Friday with stocks in oil & gas sector and energy sector were witnessing buying. Meanwhile stocks in IT sector and realty sector witnessed selling pressure.
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In this video, it highlights how China dominated the global rare earth supply, using its controls to limit exports countries like India. However small Indian companies are stepping up to fill the gap.
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Top buzzing stocks today
HBD Financial Services share price will be in focus today.
The maiden public issue of HDB Financial Services saw strong investor interest on its third final day of bidding, June 27. The 125 bn, IPO of HDFC Bank’s subsidiary has been subscribed over 15 times its offer size so far.
The IPO, which the largest by an NBFC in India, received bids for over 198 crore shares, as against the offer size of 13.04 crore shares, according to data on NSE at 3.40 pm.
UltraTech Cement shares will also be a top buzzing stock.
Shares of UltraTech Cements has opened its second cement grinding mill at the Maihar facility in Madhya Pradesh, an additional 1.8 million tonnes annually have increased its already enormous domestic production capacity.
UltraTech Cement recently started a new mill at the same location where another mill had begun operations just a few months ago.
Pharma Company Launches New Iron Supplement
Shares of Wanbury rose 2.4% after the company launches iron supplement Wanbury C Red.
Following the introduction of Wanbury C RED, a formulation of liposomal iron mainly designed to treat anemia, the pharmaceutical company’s counter attracted interest from buyers.
The filing states that this new formulation uses liposomal technology, which guarantees improved absorption, a low risk of constipation, a minimal metallic aftertaste, and no calcium chelation. As a result, it is a safe and very tolerable choice for long-term use, especially for pregnant women and people with iron deficiency.
Recently, the product was introduced in Northern India and then Southern India. In the initial months following launch, Wanbury wants to expand distribution throughout India.
With its API exported to more than 50 countries, the company is well-established in the global market for active pharmaceutical ingredients (APIs) and domestic branded formulations.
BHEL Bags Massive Order from Adani
Shares of Bharat Heavy Electrical (BHEL) remained in focus after the company wins orders from Adani Power worth Rs 650 billion (bn).
BHEL has received a major order from Adani Power to supply equipment for six thermal power units. The order includes steam turbine generators and installation supervision.
The company leads the power sector with Rs 831.5 bn in new orders. It also secured Rs 111.8 bn in industrial orders, showcasing its strong presence in diverse sectors.
It had a strong start to FY 2025-2026 with double-digit revenue growth, a record order book, and a robust execution pipeline.
PNB Housing Plans Massive Fund Rise
PNB Housing on Friday announced that its board will meet next month to discuss raising Rs 100 bn in funds.
The board will consider and approve fundraising plan through Non-Convertible Debentures. The company will also seek shareholders approval as its next annual general meeting.
Individual home loans, loans secured by real estate, and loans for non-resident property are just a few of the housing and non-housing loans that PNB Housing Finance provides to its retail clients. Punjab National Bank is promoting it.
Vedanta Finalizes Major Funding Facility Deal
Vedanta just signed a major deal worth Twin Star Holding and Welter Trading to sign a Rs 49.8 bn facility agreement.
A facility agreement is a contract between a borrower and lender that outlines loan terms, including amount, repayment, interest rates, and conditions. It’s used for corporate financing and structured lending.
Repayment of financial debt and related interest payments is the agreement’s main goal, especially for the VRL Group (Vedanta Resources Limited). Transaction-related expenses will also be covered.
Vedanta Resources is borrowing money, with Twin Star Holdings (40.02% shareholder) and Welter Trading (0.98% shareholder) guaranteeing the loan.
One of the top natural resources’ companies in the world, Vedanta Limited has holdings in mining, oil, gas, and metals. One of the biggest and most varied natural resource companies in India, with its headquarters located in Mumbai, it has a significant presence in important global markets. Aluminum, copper, zinc, lead, silver, oil, and gas are just a few of the industries in which Vedanta operates.
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