Highlights

Indian stock markets bounced back strongly on Friday, with major indices gaining more than 1% each. Investors felt relieved after the US indicated diplomatic talks with Iran remain possible, easing Middle East tensions. All sectors performed well, helping markets recover from earlier losses this week.

Headline Indices

Sectors at a Glance

*Prices shown may have delay up-to 15 minutes

What moved the market?

*Prices shown may have delay up-to 15 minutes

Broader Market Performance

India VIXINDIA VIX13.67 -4.14%

Nifty Midcap 150NIFTY MIDCAP 150₹21,285.45 +1.25%

Nifty Smallcap 250NIFTY SMLCAP 250₹16,916.95 +0.62%

Put Call Ratio of Nifty 50 (expiry: 26th Jun) is 1.13

What Made Headlines?

KFIN Technologies Ltd.KFINTECH₹1,272.50 +6.22%

KFin Technologies, incorporated wholly owned subsidiary of KFin Technologies (Singapore) Pte. Ltd., Company seeking regulatory approval for capital infusion into a new Singapore entity.

Power Finance Corporation Ltd.PFC₹409.05 +4.79%

Power Finance Corporation and other state-run project financing companies surged after the RBI finalized project financing guidelines with reduced provisioning requirements.

Bharat Electronics Ltd.BEL₹408.25 +2.43%

BSE Sensex adds Bharat Electronics and Trent, replacing Nestle India and IndusInd Bank from Monday. The reshuffle is expected to drive passive inflows of ₹6,132 crore.

Hindalco Industries Ltd.HINDALCO₹649.15 +1.22%

Hindalco Industries acquired a 100% stake in Aditya Holdings LLC through its Netherlands subsidiary for $100. The US-based metals company becomes a step-down subsidiary to expand its global footprint.

Dilip Buildcon Ltd.DBL₹488.20 +0.15%

Dilip Buildcon wins ₹1,341 crore tunnel construction contract from Konkan Railway Corporation for Kerala’s Anakkampoyil-Kalladi-Meppadi project.

What’s Happening Beyond Markets?
  • CRISIL warns Middle East tensions will significantly impact India’s basmati rice sector. Fertilizer and diamond industries may also face some effects, but less severe than rice.
  • India ranks 4th among the world’s largest economies, playing a crucial role in the global energy transition through rapid growth, rising energy demand, and significant clean energy progress, according to a World Economic Forum report.
  • India’s battery storage investment is expected to exceed $1 billion in 2025, but high financing costs remain a major challenge for developing economies like India, says the IEA
  • India’s total telecom subscribers reached 1,200.80 million in March 2025, growing 0.91% quarterly. Wireless ARPU increased to Rs. 182.95, while internet subscribers slightly declined to 969.10 million. Telecom wireless ARPU rose 0.64% to Rs 182.95 in the March quarter, according to the data released by the Telecom Regulatory Authority of India.
  • China’s central bank kept key lending rates unchanged in June at record lows of 3.0% and 3.5%, following May’s cut to counter US tariff impacts.
  • Japan’s core inflation hit 3.7% in May 2025, the highest since January 2023, exceeding expectations. The Bank of Japan kept rates at 0.5%, signaling potential further hikes.

Back to Basics

Terms that put you one step ahead – every day.

What Is Securities Transaction Tax (STT)? 

Every time you buy or sell shares, there’s a small tax silently deducted, that’s STT. 

It’s like a tiny toll fee for using India’s stock exchanges, automatically collected on every trade.

Current STT rates:

  • 0.1% on equity delivery trades (both buy and sell)
  • 0.025% on equity intraday trades (sell side only)
  • 0.02% on equity futures (sell side only) 

Why does STT exist? To bring transparency to stock market transactions and ensure the government gets its share from capital market activities. 

IPO Corner: Mainboard 

Upcoming IPO

CompanyDateIssue PriceMinimum Investment
Ellenbarrie Industrial Gases Ltd.June 24, 2025 to June 26, 2025₹380 to ₹400 per share₹14,060

Globe Civil Projects Ltd.
June 24, 2025 to June 26, 2025₹67 to ₹71 per share₹14,137
Kalpataru Ltd.June 24, 2025 to June 26, 2025₹387 to ₹414 per share
₹13,932

Corporate Actions 
StockEx-DateRecord DateEvent TypeEvent Details
Alkyl Amines Chemicals Ltd.24 Jun 202524 Jun 2025Final Dividend₹10.00
Polycab India Ltd.24 Jun 202524 Jun 2025Final Dividend₹35.00
Vedanta Ltd.24 Jun 202524 Jun 2025Interim Dividend₹7.00

Before You Go…

Markets aren’t just charts and tickers; they’re daily tales of ambition and the quiet courage to stay invested.

We’ll be back on Monday to cut through the noise, so you can focus on investing intelligently.


Disclaimer and Disclosure

PhonePe Wealth Broking Private Limited is a member of NSE & BSE with SEBI Regn. No.: INZ000302639, Depository Participant of CDSL Depository with SEBI Regn. No.: IN-DP-696-2022, Research Analyst with SEBI Regn No: INH000013387, BSE RA Enlistment Number: 5887 and Mutual Fund distributor with AMFI Registration No: ARN- 187821. Member ID: BSE- 6756, NSE- 90226. 

Registration granted by SEBI, enlistment as Research Analyst with Exchange and Certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors

Registered office – 2, Floor 3, Wing A, Block A, Salarpuria Softzone, Service Road, Green Glen Layout, Bellandur, Bengaluru South, Bengaluru, Karnataka – 560103, INDIA.

CIN: U65990KA2021PTC146954