Markets rally for 3rd day on easing geopolitical tensions; Sensex surges 1,000 points
Mumbai, Jun 26 (PTI): Rallying for the third consecutive session, equity benchmark indices Sensex and Nifty surged over 1 per cent on Thursday, powered by intense buying in market heavyweights HDFC Bank, Reliance Industries and ICICI Bank as geopolitical tension in the Middle East eased off.
Stable crude oil prices in international markets and a strengthening trend in the rupee following a weak US dollar against major currencies also bolstered sentiment, traders said.
The 30-share BSE Sensex jumped 1,000.36 points or 1.21 per cent to settle at 83,755.87. During the day, it surged 1,056.58 points or 1.27 per cent to 83,812.09.
As many as 2,097 stocks advanced while 1,900 declined and 156 remained unchanged on the BSE.
The 50-share NSE Nifty rallied 304.25 points or 1.21 per cent to 25,549.
"The benchmark index reflected strong investor confidence, underpinned by the apparent stability of the Middle East ceasefire, which has eased concerns over potential supply chain disruptions.
"FIIs continued to pare holdings due to the narrowing yield spread between US and Indian 10-year bonds; DIIs emerged as net buyers, buoyed by improving liquidity conditions and a rebound in domestic consumption," Vinod Nair, Head of Research, Geojit Investments Limited, said.
From the Sensex constituents, Tata Steel, Bajaj Finance, Bharti Airtel, Adani Ports, Eternal, Bajaj Finserv, NTPC, HDFC Bank, Reliance Industries and Axis Bank were among the major gainers.
Shares of Reliance Industries climbed nearly 2 per cent on Thursday, with its market valuation again breaching the coveted Rs 20 lakh crore mark.
In contrast, Trent, State Bank of India, Tech Mahindra, Maruti and Mahindra & Mahindra were among the laggards.
The BSE midcap gauge climbed 0.56 per cent, and smallcap index went up by 0.12 per cent.
Among BSE sectoral indices, metal jumped 2.28 per cent, oil & gas (1.88 per cent), energy (1.68 per cent), commodities (1.39 per cent), financial services (1.25 per cent), utilities (1.24 per cent) and power (1.13 per cent).
On the other hand, IT, realty and BSE-focused IT were the laggards.
"Markets witnessed a decisive session on the monthly expiry day, gaining over a per cent. The tone was positive from the start, supported by stable global cues, followed by a range-bound move in the first half.
"However, momentum picked up as the session progressed, driven by strong buying in select heavyweights across sectors. Most sectors participated in the rally, with metals, financials, and energy emerging as top gainers. The broader indices also moved higher, adding nearly half a per cent each," Ajit Mishra – SVP, Research, Religare Broking Ltd, said.
In Asian markets, Japan's Nikkei 225 index settled higher, while South Korea's Kospi, Shanghai's SSE Composite index and Hong Kong's Hang Seng ended lower.
European markets were trading in the green in mid-session deals.
US markets ended on a mixed note on Wednesday.
The rupee rose 41 paise to 85.67 (provisional) against the US dollar on Thursday on the back of a sharp drop in the greenback and a strong show in the domestic equity markets amid a rise in risk appetite.
Global oil benchmark Brent crude climbed 0.18 per cent to USD 67.80 a barrel.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 2,427.74 crore on Wednesday, while Domestic Institutional Investors (DII) bought stocks worth Rs 2,372.96 crore, according to exchange data.
On Wednesday, the Sensex jumped 700.40 points, or 0.85 per cent, to settle at 82,755.51. The Nifty climbed 200.40 points, or 0.80 per cent, to 25,244.75.
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Messi mania grips Kolkata as thousands welcome Argentine icon at 2.26 am
Kolkata (PTI): Thousands braved the December chill and waited past midnight to give a rousing welcome to Argentine superstar footballer Lionel Messi as he arrived in Kolkata for his whirlwind three-day, four-city GOAT India Tour 2025.
The Barcelona legend's 2.26 am touchdown in the early hours of Saturday sent the city into a frenzy. Gate 4 of the international arrivals turned into a roaring sea of chants, flags and flashing phones, with fans sprinting between gates for even a fleeting glimpse of their favourite star.
Children perched on shoulders and drums rolled as Messi was whisked out through the VIP gate under massive security. A heavy convoy then escorted him to his hotel, where another huge crowd was waiting deep into the night.
Barricades, police deployment, and non-stop cheering completed a citywide eruption of "Messi mania."
Messi arrived with long-time strike partner Luis Suárez and Argentina teammate Rodrigo De Paul. Over the next 72 hours, he will zip across Kolkata, Hyderabad, Mumbai and Delhi, meeting chief ministers, corporate leaders, Bollywood celebrities and eventually Prime Minister Narendra Modi on Monday.
Sleepless wait ends in disappointment
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Despite keeping vigil through the night, the wait ended in disappointment for many fans as they could not catch a glimpse of their icon.
Heavy security meant Messi was whisked out of the airport and taken to his hotel around 3.30 am through a back entrance, giving hundreds of waiting supporters a complete miss.
Only a handful of lucky airport staff managed a fleeting glimpse of the Argentine superstar as he stepped off the private Gulfstream V, looking dapper in a black suit over a white T-shirt, before being driven straight off the tarmac.
The Hyatt Regency lobby turned chaotic as fans sprinted across corridors shouting "Messi! Messi!" that echoed well past dawn.
The lobby resembled an Argentine fan club, dotted with sky-blue jerseys, scarves and flags. Breast-feeding infants clung to mothers, children raced around, and exhausted supporters sank into lobby sofas as the frenzy built up.
Messi checked into Room 730, with the entire seventh floor sealed off to ensure no movement around his suite.
With security at its peak, some fans who could afford it booked rooms in the hotel to stay as close to Messi as possible.
A family from New Alipore checked in a day early just so that their son, Krish Gupta, a Cristiano Ronaldo fan, would not miss a Messi moment.
"I'm a die-hard Ronaldo fan, so what? His biggest rival is coming to my city and I cannot miss the moment. So we planned to stay in the hotel a day in advance," said Krish, a Class 9 student of Birla High School.
He roamed the coffee shop with his mother and elder sister, anxious for a peek at the icon.
"I just want to tell him to play football with me. And if I'm not successful, I will go to the gym tomorrow morning to catch a glimpse of him. I have my autograph book ready and hopefully I will get a selfie."
High hopes
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Satadru Dutta, the sole promoter of the tour who received Messi at the airport, said the moment was historic for Kolkata.
"In 2011, he had come after becoming the captain, but now he is coming after winning the World Cup and his eighth Ballon d'Or. So, this is really special. I don't think he will come again, so it's about celebration," Dutta told reporters.
He said Messi's presence could give Indian football a real push.
"Never ever have so many sponsors come together for a football star. You can say this is for Messi, but even if 10 per cent of that money comes to the development of Indian football, it would be very big. This statue that has come up and will be unveiled in the morning is also the first-of-its-kind in the world. Messi is set to leave a legacy behind this time," he added.
Security was tightened across the city ahead of Messi's GOAT India Tour, with policemen at every crossing, sniffer dogs checking vehicles and heightened surveillance around the hotel.
Staff were busy preparing the themed decor, including two large three-layered fondant cakes in Christmas colours.
Outside the airport and later near the hotel, massive crowds braved the winter chill to welcome Messi.
Fans waved Argentina flags and jerseys, screamed his name and broke into chants as emotions ran high, some clapping, some crying, many overwhelmed at witnessing a once-in-a-generation legend in their city.
The Hyatt Regency became the epicentre of the frenzy, with street vendors selling scarves, flags and Messi No 10 jerseys.
A few fans turned up in wigs and full Argentine colours. "This is a lifetime opportunity. We will not sleep tonight and will head straight to the stadium in the morning. Today is celebration day," said one fan.
The Itinerary
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Messi begins his GOAT India Tour on Saturday with a sponsors' meet-and-greet before heading to the Salt Lake Stadium for a tribute programme featuring music, dance and an exhibition match between Mohun Bagan 'Messi' All Stars and Diamond Harbour 'Messi' All Stars.
He is scheduled to arrive at 10.50 am for interactions with both teams, a felicitation of Bengal's Santosh Trophy-winning side and a "Master Class with Messi" for kids. Luis Suárez, Rodrigo De Paul and Shah Rukh Khan will join the proceedings, with Chief Minister Mamata Banerjee and other dignitaries invited.
Messi will take a lap of honour before a virtual unveiling of his 70-foot statue at Lake Town.
He will then depart for Hyderabad at 2.05 pm for the evening leg at the Rajiv Gandhi Stadium, featuring a short exhibition match, a five-minute appearance by Telangana Chief Minister Revanth Reddy, a football clinic and felicitation.
He then heads to Mumbai for his event at the Wankhede. The leg will also feature a 45-minute philanthropic fashion event with Suárez and De Paul, preceded by a Padel Cup at the CCI.
The tour ends in Delhi where Messi will meet Prime Minister Narendra Modi. Minerva Academy's triple youth-trophy winners will be felicitated, followed by a nine-a-side celebrity match.
Kolkata's tryst with footballers
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Kolkata's bond with football royalty dates back to 1977 when Pele's New York Cosmos played a 2-2 draw against Mohun Bagan at Eden Gardens.
Pele returned in 2015 to greet the class of '77, telling the crowd: "You can never have another Pele."
Brazil's Dunga, Bebeto and Mauro Silva, and Colombia's René Higuita who showcased his scorpion-kick saves in 2012 all drew big turnouts. German great Oliver Kahn's 2008 farewell match at Salt Lake Stadium pulled more than one lakh spectators.
But no one stirred the city like Diego Maradona, whose 2008 and 2017 visits saw near-unprecedented crowds line the streets and stadiums. Uruguay's Diego Forlán, fresh from his Golden Ball win, received a similarly rousing welcome in 2010.
Then in 2011, Messi had visited the city captaining Argentina for the first time on foreign soil, leading them to a 1-0 win over Venezuela in an FIFA international friendly before a packed Salt Lake Stadium.
