After opening on a higher note, Indian benchmark indices extended their upward momentum throughout the session, ending the session in green.

The BSE and the NSE benchmark indices witnessed a sharp rally on the back of the expectation of a further interest rate cut by the Reserve Bank of India, and gains in pharma and realty stocks. In addition, a fall in US Treasury Yields and a weak dollar also boosted the investor sentiment.

At the closing bell, the BSE Sensex  closed higher by 444 points (up 0.5%)

Meanwhile, the NSE Nifty closed points 130 higher (up 0.5%)

Eternal, Power Grid Corp, and ICICI Bank are among the top gainers today

IndusInd Bank, Axis Bank, and  Bajaj Finserv, on the other hand, were among the top losers today.

The GIFT Nifty was trading at  24,843, higher by 127 points at the time of writing.

The BSE MidCap index ended 0.4% higher, and the BSE SmallCap index ended 0.7% higher.

Barring the auto sector and oil & gas sector, all other sectoral indices are trading positively today, with stocks in the realty sector and the services sector witnessing buying.

The rupee is trading at Rs 85.8 against the US$.

Gold prices for the latest contract on MCX are trading 0.3% lower at Rs 97,220 per 10 grams.

Meanwhile, silver prices were trading 2.8% higher at Rs 1,04,228 per 1 kg.
 

Angel One Surges on Strong Client Growth

In the news from the finance sector, shares of Angel One rose 2.2% to Rs 3,199.2 after the company reported strong growth in its client base, reaching 0.03 billion (bn) in May 2025, a 34.1% year-on-year (YoY) increase.

Alao, it reported a sharp decline in its Average daily orders by 23.4% YoY to 57.9 lakh in May 2025, and gross client acquisition dropped 43.1% YoY to 5 lakhs.

Average daily turnover (ADTO) declined 18.2% YoY to Rs 35,815 bn, while the F&O segment's ATDO fell 19%to Rs 34,983 bn.

ADTO by option premium turnover grew 30.5% YoY to Rs 975 bn. However, the F&O segment declined 9.1% to Rs 144 bn. On a positive note, Cash ADTO rose 4.2% to Rs 86 bn and commodity ADTO surged 47.2% to Rs 745 bn.

Angle One's retail market remained strong, with its market share in option premium turnover rising to 20%. In F&O segment, market share increased to 21.4%.

Angel One is a financial services company offering a range of services, including stock broking, commodity and currency trading, institutional broking, mutual fund distribution and more.

Force Motors Hits Record High Again

Moving on to the news from auto sector, shares of Force Motors rose 4% to a record high of Rs 12,838 after the company reported strong May 2025 sales.

Force Motor's sales grew 19.1% YoY to 3,088 units in May 2025, driven by strong domestic demand in SCVs, LCVs, UVs and SUVs with domestic sales rising 24.5% to 3,002 units.

Exports declined 52.2% YoY to 86 units in May 2025, down from 180 units in May 2024.

Force Motors partnered with W maker, a UAE luxury carmaker, signing a non-binding MoU for future collaboration at the Make it in the Emirates forum in Abu Dhabi.

The company Q4 saw a significant boost, with net profit rising to Rs 43.5 bn from Rs 1.4 bn last year, driven by strong demand, for its multi-seater vans used for public transport, ambulances and school buses, along with substantial one-time gain.
 

Welspun Corp Bags Big Export Order

Moving on to the news from engineering sector, Welspun Corp wins repeat export order to supply 50 km of LSAW pipes and bents with anti-corrosion CWC coating to the Middle East.

Welspun Corp has secured a repeat export order for a critical offshore project in Middle East and received additionally domestic orders worth Rs 4.5 bn for its India pipes facility since 7 May 2025.

The orders will be executed in financial year 2026 and 2027.

The company is investing Rs 100 bn to boost capacity for HFIW and LSAW pipes, used in project like hydrogen and LNG, enabling production of larger pipes.

Q4 net profit declined 9.7% to Rs 13.2 bn, while revenue rose 2.7% to Rs 26.5 bn.

EBITDA fell 12% to Rs 3.2 bn and operating margin contracted to 11.9% from 13.9%.

The company's board of directors have recommended a final dividend of Rs 1.7per equity share for FY25. The dividend payment is subject to shareholders approval and will be made to shareholders holding shares as of record date 27 June 2025.

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