Indian markets opened on a cautious note on Monday, with the Nifty holding above the 25,500 level.
At 10:00 a.m. IST, the Nifty 50 traded 69 points lower at 25,568, while the Sensex was 264 points lower at 83,794.
Broader markets outperformed, with the Nifty Midcap gaining 0.3% and the Smallcap index rising over 0.8%
The retail sentiment on Stocktwits for Nifty remained ‘bullish’.
Nifty sentiment and message volume on June 30 as of 10:00 am IST. | source: StocktwitsSectorally, it’s a mixed picture, with PSU banks and pharmaceutical stocks seeing buying. On the flip side, IT, metals, private banks, and real estate shares are under pressure.
JB Pharma shares fell over 6% after Torrent Pharma (NSE:TORP) acquired a controlling stake in the company for ₹11,917 crore, followed by a mandatory open offer to purchase up to an additional 26%. The deal valued JB Pharma at an equity valuation of ₹25,689 crore. Torrent Pharma shares gained 0.5%.
Waaree Energies gained over 2% after its subsidiary received an order to supply 540 MW of solar modules to a US-based developer.
ITD Cementation (NSE:ITCM) shares rose 5% after securing an international marine contract worth nearly ₹580 crore, and Hind Rectifiers shares rose 6% following an order win from the Indian Railways.
Schloss Bangalore, Aegis Vopak (AS:VOPA) Terminals shares traded 2% lower as their IPO lock-in period ended.
