Barometers pare early losses; private bank shares jump

The key benchmark indices pared early losses and traded with minor gains in morning trade, as supported by buying interest despite persistent global trade tensions. Market participants will closely monitor domestic economic indicators and global trade development. The Nifty traded above the 24,700 level.

Private bank shares declined after advancing in the past trading session.

At 10:25 IST, the barometer index, the S&P BSE Sensex advanced 115.71 points or 0.13% to 81,455.66. The Nifty 50 index jumped 29.15 points or 0.12% to 24,747.55.

In the broader market, the S&P BSE Mid-Cap index rose 0.06% and the S&P BSE Small-Cap index added 0.51%.

The market breadth was strong. On the BSE, 2,150 shares rose and 1,394 shares fell. A total of 204 shares were unchanged.

New Listing:

Shares of Prostarm Info Systems were currently trading at Rs 122.10 at 10:17 IST on the BSE, representing a premium of 16.29% compared with the issue price of Rs 105.

The scrip was listed at Rs 125, exhibiting a premium of 19.05% to the issue price.

So far, the stock has hit a high of 130 and a low of 120. On the BSE, over 8.47 lakh shares of the company were traded in the counter so far.

Buzzing Index:

The Nifty Private Bank index fell 0.73% to 24,467.60. The index jumped 0.34% in the past trading session.

Yes Bank (down 7.95%), ICICI Bank (down 0.86%), Kotak Mahindra Bank (down 0.73%), IDFC First Bank (down 0.66%), Axis Bank (down 0.54%), IndusInd Bank (down 0.18%), and RBL Bank (down 0.07%) declined.

Stocks in Spotlight:

Adani Ports and Special Economic Zone shed 0.86%. The company said that it has handled cargo volume of 41.8 MMT (up 17% YoY) during the month of May 2025, led by containers (up 22% YoY) and dry cargo (up 17% YoY).

ISGEC Heavy Engineering rose 0.42%. The company announced that National Green Tribunal has granted permission to resume operations at its Muzaffarnagar, Uttar Pradesh unit.

HCL Technologies added 0.14%. The company announced a strategic partnership with UiPath to accelerate agentic automation for global enterprises. It will also establish an AI Lab with UiPath in India.

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