Shaun
Sensex Today | Stock Market LIVE Updates: Indian benchmark indices recovered from early losses to trade in positive territory on Wednesday, driven by gains in financial and auto stocks, despite lingering global uncertainty due to escalating Middle East tensions and elevated crude oil prices.
Sensex Today | Stock Market LIVE Updates: Within the Sensex pack, stocks such as Power Grid, Kotak Bank, Infosys, Bajaj Finance, HDFC Bank, NTPC, and Axis Bank were trading in the red. In contrast, IndusInd Bank, HCL Tech, Sun Pharma, and Eternal opened with gains.
Highlights of Trade
- 18.1 lakh NTPC shares traded in a block
- ArisInfra Solutions IPO opens for subscription.
- BSE cracks 6% as SEBI approves Tuesday expiry for NSE
- Delhivery gains 2% as CCI approves Ecom Express deal
- UGRO rallies 7% as firm to acquire Profectus Capital
- Hind Zinc slides 6% as Vedanta likely offloads shares worth Rs 3,323 crore
- S&P 500 futures were little changed as of 1:01 p.m. Tokyo time
- Nikkei 225 futures (OSE) rose 0.7%
- Japan’s Topix rose 0.6%
- Australia’s S&P/ASX 200 was little changed
- Hong Kong’s Hang Seng fell 1.2%
- The Shanghai Composite fell 0.2%
- Euro Stoxx 50 futures fell 0.4%
Brokerage Take: Motilal Oswal downgrades BSE to ‘Neutral’; target price cut to Rs 2,300
- BSE downgraded to ‘Neutral’ by Motilal Oswal; target cut to ₹2,300.
- BSE’s Weekly expiry shift to Thursday from Sep 1, 2025.
- Risk to market share, currently at 22.6% (May 2025).
- Lower volume on Wed/Thu may hurt BSE.
- Expected hit: 350–400 bps market share loss.
Amid a surging market, heavy selling by promoters, private equity, and venture capital investors has sparked concerns over stretched valuations and potential supply overhangs. So far in June, stake sales by these groups have exceeded ₹40,000 crore, as they continue to offload shares at a rapid pace.
