Mid-day market check: SENSEX, NIFTY trade lower; Ola Electric, MRPL, Zee Entertainment among buzzing shares

The Indian equity benchmarks were trading with a negative bias in noon deals on Monday, June 23, on the back of weak global cues as tensions in Middle East escalated after US joined Israel in attacking Iran's nuclear facilities. The SENSEX fell as much as 931 points and NIFTY50 index touched an intraday low of 24,825. As of 12:20 pm, the SENSEX was down 590 points at 81,814 and NIFTY50 index fell 166 points to 24,948.

Here are buzzing shares in trade on Monday:

At 10:15 AM, shares of Ola Electric tumbled 4.84% to ₹43.85 apiece on the National Stock Exchange. The stock had touched its 52-week low of ₹43.16 per share during the intraday period.

According to the NSE data, the counter of Ola Electric saw 3.33 times higher trading volume than the daily average.

The service, being offered in collaboration with Orange Health Labs, will be available in Bengaluru, Delhi, Gurgaon, Noida, Mumbai, and Hyderabad, across over 450 PIN codes, the company said in a statement.

The shares rallied up to over 3% in the early trade, as the Reserve Bank of India (RBI) on Friday eased lending norms for small finance banks by reducing their mandatory priority sector lending (PSL) requirement — covering areas like agriculture and small enterprises by 15 percentage points.

Small finance banks currently have to extend 75% of their loans to priority sectors. After its review, the RBI has effectively cut the requirement to 60% of total lending.

The media firm is planning for a breakeven in its digital business Z5 or Zee5 in the current financial year.

The company is creating a significant cash reserve, according to the investor presentation. ‘Zee to create a significant cash reserve in order to compete effectively with the competitor and to act proactively to address any rapid market shift,” it said.

In its update to exchanges on Monday, the company said, "Trading Members of the Exchange are hereby informed that effective from June 23, 2025, the equity shares of Aditya Birla Lifestyle Brands Ltd (Scrip Code: 544403) are listed and admitted to dealings on the Exchange in the list of 'T' Group Securities."

The stock listed at ₹167 on the NSE against the discovered price of ₹170.95. It hit a high of ₹175 in the early trade; however, when last seen, the shares were trading at ₹165.96 apiece on the NSE.

On the BSE, the stock listed at ₹167.75, against the discovered price of ₹172.15. The stock on the BSE also hit a high of ₹176.10 before retreating. Last seen, shares were trading at ₹166, down 1.04%.

On the BSE, 3.59 lakh shares changed hands compared to an average of 1.88 lakh shares traded daily in the past two weeks.