Airtel Soars, Aditya Birla Fashion Slides, Eternal Tops Gainers
Written by - Fisdom Research
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June 4, 2025
2 minutes
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Market Snapshot
Indian benchmark indices ended higher, snapping a three-day losing streak, with the Nifty closing above 24,600 amid strong global cues and broad-based buying, except in realty.
BSE Midcap and Smallcap indices gained 0.5% each.
Sectorally, the BSE Realty index slipped 0.7%, while telecom, metal, and oil & gas sectors rose between 0.5% & 1%.
Sectoral Trends
Sector Name
% Change
Sector Name
% Change
NIFTY MIDSMALL IT & TELECOM
0.9
NIFTY MIDSMALL HEALTHCARE
0.4
NIFTY MIDSMALL FINANCIAL SERVICES
0.8
NIFTY IT
0.3
NIFTY OIL & GAS
0.7
NIFTY AUTO
0.3
NIFTY METAL
0.6
NIFTY FINANCIAL SERVICES EX-BANK
0.3
Top News
Bharti Airtel surged after Macquarie raised its one-year target price by 14% to ₹2,050, citing improved odds of its bull case scenario, which pegs the stock at ₹2,350.
Aditya Birla Fashion & Retail dropped 10% after 7.6 crore shares (6.23% equity) worth ₹617 crore changed hands at ₹81 per share. Reports suggest Flipkart offloaded its entire 6% stake via a block deal, with Goldman Sachs brokering the transaction.
Eternal gained 3% and topped the Nifty on June 4 after Morgan Stanley reaffirmed it as its top sector pick, highlighting its strong position in food delivery and quick commerce, cost efficiency, and solid balance sheet.
Top Gainers and Losers
Top Gainers
% Change
Top Losers
% Change
ETERNAL
3.2
BAJAJFINSV
-1.6
JIOFIN
2.4
TRENT
-1.4
INDUSINDBK
1.8
EICHERMOT
-1.0
Technical Outlook: Key Indices
Indices Name
Support
Resistance
Nifty
24,500
24,800
Bank Nifty
55,000
56,200
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