Market News
3 min read | Updated on June 18, 2025, 16:11 IST
SUMMARY
Hindustan Zinc was top loser in the NIFTY Midcap 100 index, the stock fell 6.90% to close at ₹452.80 after Anil Agarwal-led Vedanta said it has divested 1.6% stake in its arm Hindustan Zinc Ltd (HZL) for nearly ₹3,028 crore.
Stock list
IndusInd Bank was top gainer in the NIFTY50 index, the stock rose 4.69% to close at ₹847.10. | Image: Shutterstock
The Indian equity benchmarks fell for second straight session on Wednesday, June 18, dragged down by losses in ICICI Bank, Tata Consultancy Services, Hindustan Unilever, Larsen & Toubro and Infosys. The SENSEX fell as much as 346 points and NIFTY50 index touched an intraday low of 24,750. The SENSEX ended 139 points lower at 81,445 and NIFTY50 index declined 41 points to close at 24,812.
TCS was top loser in the NIFTY50 basket of shares, the stock fell 1.72% to close at ₹3,455. Adani Ports (-1.57%), Hindustan Unilever (-1.44%), Nestle India (-1.35%) and JSW Steel (-1.28%) were also among the losers.
On the other hand, IndusInd Bank was top gainer in the NIFTY50 index, the stock rose 4.69% to close at ₹847.10 after global investment bank Nomura maintained positive view on the stock.
IndusInd Bank is on track for a turnaround, according to Nomura, which highlighted that most of the bank’s legacy issues have now been addressed. The global investment bank expects the IndusInd Bank’s return on assets (RoA) to improve steadily to 1% by FY27.
Nomura said that the board’s commitment to enhancing governance standards, coupled with the ongoing search for a new CEO and a clear strategy to begin FY26 with a "clean slate", signals a constructive shift in the bank’s outlook. These measures are seen as crucial positives that may boost investor confidence in the months ahead.
Titan (2.15%), Trent (1.80%), Maruti Suzuki (1.23%) and Maruti Suzuki (1.02%) were also among the gainers.
NIFTY Midcap 100 index declined 0.46% or 270 points to close at 58,109. As many as 69 shares in the NIFTY Midcap 100 index ended lower.
Hindustan Zinc was top loser in the NIFTY Midcap 100 index, the stock fell 6.90% to close at ₹452.80 after Anil Agarwal-led Vedanta said it has divested 1.6% stake in its arm Hindustan Zinc Ltd (HZL) for nearly ₹3,028 crore.
As Vedanta actively progresses towards the demerger of its businesses, the money raised through stake sales will help deleverage the balance sheet and enhance financial flexibility, enabling each of the demerged entities to pursue their independent growth plans.
In a regulatory filing, the company informed that it has "sold 66.7 million shares in Hindustan Zinc Ltd...to institutional investors by way of an accelerated bookbuild process, representing…1.6 per cent of the issued ordinary share capital".
Waaree Energies (-3.56%), Max Healthcare (-3.51%), Vishal Mega Mart (-3.17%) and NHPC (-3.08%) were also among the losers.
On the flipside, Escorts (3.12%), Paytm (2.99%), Bandhan Bank (2.94%), AU Small Finance Bank (2.81%) and KPIT Technologies (1.31%) were amomng gainers in the NIFTY Midcap 100 index.
NIFTY Smallcap 100 index ended 0.23% or 42 points lower at 18,378. As many as 70 shares in the NIFTY Smallcap 100 index ended lower.
Inventurus Knowledge Solutions was top loser in the NIFTY Smallcap 100 index, the stock fell 8.66% to close at ₹1,695 on the back of heavy trading volumes. As many 13.88 lakh shares changed hands on the National Stock Exchange against an average trading volume of 6.28 lakh shares.
Ramco Cements (-3.66%), Tata Teleservices (-2.57%), International Gemmological Institute (-2.44%) and HBL Engineering (-2.44%) were also among the laggards.
On the contrary, Reliance Power was top gainer in the NIFTY Smallcap 100 index, the stock rose 5% to close at ₹66.81. Amber Enterprises (2.38%), Cyient (1.91%), Radico Khaitan (1.77%) and BEML (1.75%) were also among the gainers.
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