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Markets Erase Gains as Metals Drag; IDBI Bank Bid Race Heats Up | Closing Bell
Markets surrendered early gains as metal stocks dragged benchmarks lower, with the Nifty hovering near 24,100 despite strength in auto counters. ONGC, Hindalco and Power Grid led the losers, while InterGlobe Aviation, M&M and Maruti Suzuki outperformed. In corporate news, Amazon CEO Andy Jassy met PM Narendra Modi and announced an additional $13 billion investment in India, taking Amazon's planned investment to $48 billion through 2030. Fairfax is reportedly back with a fresh bid for IDBI Bank, valuing the lender at ₹77 per share and potentially unlocking a ₹50,000 crore divestment for the government and LIC. Meanwhile, uncertainty continues around Tata Sons as RBI is yet to decide on its NBFC deregistration request, keeping the possibility of a future listing alive. Catch all the key market moves, corporate developments and top business headlines in this edition of Closing Bell.
SBI MF buys additional 4% stake in Urban Company; Wellington Management, DF International exit
SBI Mutual Fund already held 1.89 percent shareholding in Urban Company as of December 2025.
Muthoot Finance stock jumps nearly 4%, Manappuram, Hindustan Zinc gain as gold, silver rally
A rally in gold and silver prices lifted sentiment across precious metal-linked stocks. The gains came after weaker-than-expected US jobs data boosted expectations of a less aggressive Federal Reserve rate path.
Crude oil surge impact: Auto, metal shares plunge up to 4.5%; Tata Motors PV, M&M, JSW Steel lead losses
Auto stocks also remained under pressure, with all 15 constituents of the Nifty Auto index trading lower.
Live: Nifty adds 400 points, Sensex up 1,400 points in 2 days; India VIX cools | Closing Bell
Markets close strong for the second straight session! 📈 Nifty climbs above 23,550 while Sensex adds 1,400 points in 2 days. Broader markets stay positive with midcaps leading, and India VIX cools off sharply. Auto and metal stocks extend gains, while IT remains under pressure. Realty and pharma indices bounce back after recent losses. Top movers: Maruti, M&M, Eicher Motors | Laggards: HUL, UltraTech, Infosys, TCS. Catch Lovisha Darad with market experts for the full Closing Bell analysis.
Closing Bell: Day 2 of gains pushes Nifty above 23,550, Sensex up 568 pts led by auto, metal, realty
Nifty midcap index rose 1 percent, while smallcap index added 0.65 percent. Eternal, Tata Steel, M&M, HDFC Life and Bharat Electronics were among top gainers on the Nifty, while losers were Wipro, Tata Consumer, Infosys, Cipla, ITC. Among sectors, except FMCG ( down 0.7%) and IT (down 1%), all other indices ended in the green with capital goods, telecom, auto, infra, media, metal, realty, private bank up 1-2 percent.
Vedanta Aluminium stock rating: CLSA joins bullish chorus despite 13% post-listing decline; check target price
CLSA said it remains positive on both the aluminium industry's fundamentals and Vedanta Aluminium and Metal's operational growth trajectory. It added that the company's ongoing backward integration initiatives should strengthen its cost leadership position.
Franklin Templeton, Merrill Lynch, Abu Dhabi Investment among 9 investors acquire 2% stake in Craftsman Automation from promoter
HDFC Mutual Fund was the biggest buyer amongst 9 investors, picking up 1.83 lakh Craftsman Automation shares worth Rs 170 crore, followed by Invesco Mutual Fund which acquired 1.08 lakh shares valued at Rs 100 crore.
Sensex Today | Stock Market Live: Sensex jumps over 900 pts, Nifty climbs above 23,300; PSU banks, metal, IT stocks lead rebound
Sensex Today | Stock Market LIVE Updates: Indian benchmark indices bounced back on March 20 with Nifty50 index reclaiming 23300 amid falling crude oil prices on hopes of de-escalation in the Middle East. All the sectoral indices are trading in the green with metal, power, PSU Bank, IT indices jumped 2-3%. Nifty Midcap and Nifty Smallcap indices rose 1-2% each.
Precious metal prices fall: Silver, gold ETFs slide up to 4.2%
On the MCX, silver July futures were trading lower by about Rs 6,176, or 2.64%, at Rs 2.28 lakh per kg. Gold August futures slipped Rs 1,269, or nearly 1%, to around Rs 1.46 lakh per 10 grams.
Taking Stock: Sensex, Nifty gain 1% in volatile trade; auto, metal, financials lead rally
Bandhan Mutual Fund buys additional 0.6 percent shares in Horizon Reclaim
Bandhan Small Cap Fund already held 3.11 percent (6.07 lakh shares) in Horizon as of June 18.