Markets at Noon: Nifty and Sensex Climb as Cables Sector Surges
By ScanX News Team
Indian markets show positive momentum at midday on June 26, with Nifty at 25,343.90 (+0.39%) and Sensex at 83,115.08 (+0.43%). Cables sector leads gains (+10%), while Castings, Forgings & Fasteners face downturn (-1.45%). One Mobikwik Systems Ltd. rebounds 10.41% after initial 6% decline following block deals, despite recent widened net losses.
*this image is generated using AI for illustrative purposes only.
Market Overview
The Indian stock markets are showing positive momentum at midday on June 26, 2025, with both benchmark indices trading in the green. The Nifty 50 is currently at 25,343.90, up 99.15 points or 0.39% from its previous close. Similarly, the BSE Sensex is trading at 83,115.08, registering a gain of 359.57 points or 0.43%.
Sectoral Performance
Top Performing Sectors
| Sector | Avg. Per Change |
|---|---|
| Cables | 10.00% |
| Telecomm Equipment & Infra Services | 4.38% |
| Steel | 1.52% |
| Metals & Mining | 0.68% |
| Oil & Gas | 0.62% |
Top Losing Sectors
| Sector | Avg. Per Change |
|---|---|
| Castings, Forgings & Fasteners | -1.45% |
| Capital Goods - Electrical Equipment | -1.20% |
| Diamond, Gems and Jewellery | -1.17% |
| Education | -0.99% |
| Engineering Services | -0.95% |
Buzzing Stocks
One Mobikwik Systems Ltd. has been in the spotlight today. After an initial 6% decline following multiple block deals, the stock has shown a remarkable recovery. As of midday, One Mobikwik is trading at 271.10, up 10.41%.
Earlier in the day, 68.5 lakh shares of the company were traded at Rs 231-261, totaling Rs 168 crore. This comes after the company recently granted 3,27,688 stock options to employees at face value.
It's worth noting that Net1 Applied Technologies Netherlands BV was expected to sell its entire 8% stake in One MobiKwik Systems Ltd via block deals. Despite today's surge, MobiKwik's stock remains below its IPO price, having corrected over 60% from its post-listing high. The company recently reported widened net losses for Q4, with revenue rising 2.6% year-on-year.
Conclusion
As the trading session reaches its midpoint, the Indian markets are showing resilience with both Nifty and Sensex in positive territory. The Cables sector is leading the gains, while Castings, Forgings & Fasteners face the most significant downturn. One Mobikwik Systems Ltd. remains a stock to watch as it rebounds from early losses amidst significant block deals and recent corporate actions.
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