Trent, Zen Tech, and Zee Rally on Bullish Cues and Strategic Announcements
Written by - Fisdom Research
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June 23, 2025
2 minutes
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Market Snapshot
Benchmark indices pared early losses but still closed over half a percent lower on June 23, as rising geopolitical tensions in the Middle East dampened sentiment.
Crude prices held above $78 per barrel amid concerns over potential disruptions at the Strait of Hormuz, dragging the Nifty 50 below the 25,000 mark.
Sectorally, IT, FMCG, Auto, Banking, and Telecom declined 0.3–1.5%, while Consumer Durables, Media, Metals, and Capital Goods gained 0.3–4%.
Sectoral Trends
Sector Name
% Change
Sector Name
% Change
NIFTY MEDIA
4.4
NIFTY METAL
0.7
NIFTY MIDSMALL FINANCIAL SERVICES
1.1
NIFTY OIL & GAS
0.1
NIFTY CONSUMER DURABLES
0.8
NIFTY PHARMA
0.1
NIFTY FINANCIAL SERVICES EX-BANK
0.7
NIFTY MIDSMALL HEALTHCARE
-0.01
Top News
Trent: Trent surged up to 4% on Monday, leading the Nifty gainers, as fresh buying was spurred by bullish brokerage calls. The rally continued for a second straight session, defying broader market weakness amid geopolitical concerns. Notably, HSBC initiated coverage with a ‘Buy’ rating last week.
Zen Technologies: Zen Tech jumped 5% to hit the upper circuit after announcing its entry into the UAV space through a strategic acquisition. The company acquired a controlling stake in TISA Aerospace Pvt. Ltd., a domestic defence-tech player known for UAVs and loitering munitions, for ₹6.56 crore.
Zee Entertainment: Zee shares rallied over 11% following an investor update outlining growth plans for FY26. The company highlighted its industry-leading profitability despite a smaller scale, attributing it to the absence of a sports portfolio
Top Gainers and Losers
Top Gainers
% Change
Top Losers
% Change
TRENT
3.6
INFY
-2.4
BEL
3.2
HCLTECH
-2.3
HINDALCO
2.0
LT
-2.3
Technical Outlook: Key Indices
Indices Name
Support
Resistance
Nifty
24,800
25,130
Bank Nifty
55,500
56,500
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Market Snapshot
