Sensex and Nifty inch ahead amid blurry global signals
The S&P BSE Sensex jumped 63.57 points or 0.08% to 82,634.48. The Nifty 50 index added 16.25 points or 0.06% to 25,212.05.
Mahindra & Mahindra (up 2.10%), State Bank of India (up 1.81%) and Infosys (up 1.50%) boosted the indices.
The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.10% and the S&P BSE Small-Cap index added 0.28%.
The market breadth was positive. On the BSE, 2,338 shares rose and 1,718 shares fell. A total of 163 shares were unchanged.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, dropped 2.09% to 11.24.
Numbers to Track:
The yield on India's 10-year benchmark federal paper rose 0.03% to 6.315 from the previous close of 6.312.
In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 85.9500 compared with its close of 85.7625 during the previous trading session.
MCX Gold futures for 5 August 2025 settlement rose 0.24% to Rs 97,441.
The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.06% to 98.57.
The United States 10-year bond yield shed 0.31% to 4.477.
In the commodities market, Brent crude for September 2025 settlement shed 24 cents or 0.35% to $68.47 a barrel.
Global Markets:
European market advanced on Wednesday despite the U.K.'s annual inflation rate stood at 3.6% in June, according to data released by the Office for National Statistics (ONS), compared with 3.4% in May.
Most Asian markets ended lower after US President Donald Trump claimed a preliminary trade deal with Indonesia, which surprisingly includes a 19% tariff on the countrys exports to the US.
Indonesias central bank cuts the benchmark rate by 25 bps to 5.25%. Governor Perry Warjiyo said the central bank would continue to observe room for more rate cuts, citing an expectation of low inflation through 2026, a stable rupiah and a bleak global economic outlook.
Back in the US, stocks ended mostly lower on Tuesday despite early gains in tech. The S&P 500 slipped 0.4% and the Dow tumbled 0.98%, while the Nasdaq eked out a modest 0.18% rise. Both the S&P 500 and Nasdaq briefly touched record highs before retreating.
June's consumer price index came in slightly hotter than expected, reigniting concerns that fresh tariffs could add more heat to inflation. According to the Bureau of Labor Statistics, consumer prices rose 2.7% year-on-year and climbed 0.3% between May and June. The data bolstered expectations that the Federal Reserve will hold off on any rate cuts for now.
Tariff jitters were far from over. Trump doubled down Tuesday evening, confirming that his proposed 200% tariffs on pharmaceutical imports will kick in by month-end, alongside a broader package of trade levies. Earlier, he announced a 30% tariff on imports from Mexico and the EU. The European Union pushed back sharply and is reportedly preparing retaliatory tariffs on US products, including cars and alcohol.
In earnings land, Wall Streets biggest banks kicked off the season with a bang. JPMorgan Chase, Citigroup, and Wells Fargo all topped Q2 profit estimates, thanks to solid performance in both consumer and investment banking segments.
Stocks in Spotlight:
State Bank of India (SBI) rose 1.81% after the lender announced that its Central Board has approved raising up to Rs 20,000 crore through Basel III compliant Additional Tier 1 and Tier 2 bonds in FY26.
ITC Hotels surged 4.49% after the company reported 53.4% increase in consolidated net profit to Rs 133.10 crore on a 15.5% rise in revenue from operations to Rs 815.54 crore in Q1 FY26 as compared with Q1 FY25.
HDFC Bank ended almost flat after the lender announced that its board will meet on Saturday, 19 July 2025, to consider a special interim dividend and a bonus share issue.
HDB Financial Services slipped 3.13% after the company reported a 2.40% decline in net profit to Rs 567.70 crore, despite a 14.97% increase in total revenue from operations to Rs 4,465.40 crore in Q1 FY26 compared to Q1 FY25.
HDFC Life Insurance Company shed 0.13% after the companys standalone net profit jumped 14.40% to Rs 546.46 crore on 15.63% increase in net premium income to Rs 14,466.09 crore in Q1 FY26 over Q1 FY25.
Dixon Technologies (India) rose 1.76% after the company announced two major strategic agreements aimed at strengthening its presence in Indias electronics component ecosystem. In the first deal, the company signed a binding term sheet to acquire a 51% stake in Q Tech India. Further, the company also entered into a binding term sheet with Chongqing Yuhai Precision Manufacturing Co. to form a joint venture in India. Under the proposed structure, Dixon will hold a 74% stake, while Chongqing will own 26%.
Network 18 Media & Investments jumped 13.18% after the company reported a standalone net profit of Rs 516.17 crore in Q1 FY26 as against a net loss of Rs 74.65 crore posted in Q1 FY25. However, revenue from operations tanked 4.9% year-on-year (YoY) to Rs 430.40 crore in the quarter ended 30 June 2025.
Onward Technologies hit the 5% upper circuit. The companys consolidated net profit rose 20.1% quarter-on-quarter (QoQ) to Rs 12.7 crore, while revenue from operations grew 4.6% to Rs 133.2 crore during the June 2025 quarter. Total revenue stood at Rs 135.6 crore, reflecting a 4.3% sequential and 13.6% year-on-year (YoY) increase. On a YoY basis, net profit surged 79.3%, backed by healthy margin expansion, consistent top-line growth, and operational efficiency. Profit before tax jumped 25.4% QoQ and 64.2% YoY to Rs 15.9 crore.
Geojit Financial Services tanked 7.53% after the company posted 37.81% decline in consolidated net profit to Rs 27.68 crore on a 15.41% fell in total income to Rs 153.15 crore in Q1 FY26 over Q1 FY25.
ICICI Lombard General Insurance Company declined 1.25%. The company reported standalone net profit of Rs 747.08 crore in Q1 FY26, up 28.72% as against Rs 580.37 crore posted in Q1 FY25. Total income rose 13.66% year on year to Rs 6,083.36 crore in the quarter ended 30 June 2025.
Just Dial tumbled 4.95%. The company reported a 13.05% jump in standalone net profit to Rs 159.65 crore on a 6.16% increase in revenue from operations to Rs 297.86 crore in Q1 FY26 over Q1 FY25.
Jindal Steel & Power (JSPL) fell 1.22% after the company announced that its chief financial officer, Mayank Gupta, has stepped down from his role, effective post business hours on 15 July 2025.
Hathway Cable & Datacom jumped 6.28% after the companys consolidated net profit surged 68.92% to Rs 31.03 on a 5.55% increase in revenue from operations to Rs 530.50 crore in Q1 FY26 over Q1 FY25.
IPO Update:
The initial public offer (IPO) of Anthem Biosciences received bids for 2,81,37,78,266 shares as against 4,40,70,682 shares on offer, according to stock exchange data at 16:54 IST on Wednesday (16 July 2025). The issue was subscribed 63.85 times.
The issue opened for bidding on Monday (14 July 2025) and it will close on Wednesday (16 July 2025). The price band of the IPO is fixed between Rs 540 and 570 per share. An investor can bid for a minimum of 50 equity shares and in multiples thereof.
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Time of India
29 minutes ago
- Time of India
Trump says Japan will invest $550 billion in US at his direction. It may not be a sure thing
President Donald Trump is bragging that Japan has given him, as part of a new trade framework, $550 billion to invest in the United States. It's an astonishing figure, but still subject to negotiation and perhaps not the sure thing he's portraying. "Japan is putting up $550 billion in order to lower their tariffs a little bit," Trump said Thursday. "They put up, as you could call it, seed money. Let's call it seed money." Explore courses from Top Institutes in Please select course: Select a Course Category MBA Product Management MCA Cybersecurity healthcare Artificial Intelligence CXO Public Policy Finance Technology Operations Management Healthcare PGDM Others Project Management Design Thinking Degree Management Digital Marketing Data Science Data Science Data Analytics others Leadership Skills you'll gain: Analytical Skills Financial Literacy Leadership and Management Skills Strategic Thinking Duration: 24 Months Vellore Institute of Technology VIT Online MBA Starts on Aug 14, 2024 Get Details Skills you'll gain: Financial Management Team Leadership & Collaboration Financial Reporting & Analysis Advocacy Strategies for Leadership Duration: 18 Months UMass Global Master of Business Administration (MBA) Starts on May 13, 2024 Get Details He said 90% of any profits from the money invested would go to the U.S. even if Japan had put up the funds. "It's not a loan or anything, it's a signing bonus," the Republican president said, on the trade framework that lowered his threatened tariff from 25% to 15%, including on autos. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Solar Panels Prices Might Surprise You Affordable Solar Panel | Search Ads Search Now Undo A White House official said the terms are being negotiated and nothing has been formalized in writing. The official, who insisted on anonymity to detail the terms of the talks, suggested the goal was for the $550 billion fund to make investments at Trump's direction. The sum is significant: It would represent more than 10% of Japan's entire gross domestic product . The Japan External Trade Organization estimates that direct investment into the U.S. economy topped $780 billion in 2023. It is unclear the degree to which the $550 billion could represent new investment or flow into existing investment plans. Live Events What the trade framework announced Tuesday has achieved is a major talking point for the Trump administration. The president has claimed to have brought trillions of dollars in new investment into the U.S., though the impact of those commitments have yet to appear in the economic data for jobs, construction spending or manufacturing output. The framework also enabled Trump to say other countries are agreeing to have their goods taxed, even if some of the cost of those taxes are ultimately passed along to U.S. consumers. On the $550 billion, Japan's Cabinet Office said it involves the credit facility of state-affiliated financial institutions, such as Japan Bank for International Cooperation . Further details would be decided based on the progress of the investment deals. Japanese trade negotiator Ryosei Akazawa, upon returning to Japan, did not discuss the terms of the $550 billion investment. Akazawa said he believes a written joint statement is necessary, at least on working levels, to avoid differences. He is not thinking about a legally binding trade pact. The U.S. apparently released its version of the deal while Japanese officials were on their return flight home. "If we find differences of understanding, we may have to point them out and say 'that's not what we discussed,'" Akazawa said. The U.S. administration said the fund would be invested in critical minerals, pharmaceuticals, computer chips and shipbuilding, among other industries. It has said Japan will also buy 100 airplanes from Boeing and rice from U.S. farmers as part of the framework, which Treasury Secretary Scott Bessent said would be evaluated every three months. "And if the president is unhappy, then they will boomerang back to the 25% tariff rates, both on cars and the rest of their products. 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Agricultural Minister Shinjiro Koizumi said Japan will decide whether to increase U.S. rice imports and that Japan is not committed to a fixed quota. Trump's commerce secretary, Howard Lutnick, has suggested that the Japanese agreement is putting pressure on other countries such as South Korea to strike deals with the U.S. Trump, who is traveling in Scotland, plans to meet on Sundayv with European Commission President Ursula von der Leyen to discuss trade. "Whatever Donald Trump wants to build, the Japanese will finance it for him," Lutnick said Thursday on CNBC. "Pretty amazing."
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First Post
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US President Trump's Scotland visit blends politics and business at new golf site
President Donald Trump landed in Scotland to inaugurate a new golf course in Balmedie while blending presidential duties with business promotion. The visit, labeled a 'working trip' by the White House, also includes meetings with UK and EU leaders. read more Lashed by cold winds and overlooking choppy, steel-gray North Sea waters, the breathtaking sand dunes of Scotland's northeastern coast rank among Donald Trump's favourite spots on earth. 'At some point, maybe in my very old age, I'll go there and do the most beautiful thing you've ever seen,' Trump said in 2023, during his New York civil fraud trial, talking about his plans for future developments on his property in Balmedie, Aberdeenshire. STORY CONTINUES BELOW THIS AD At 79 and back in the White House, Trump is making at least part of that pledge a reality, landing in Scotland on Friday as his family's business prepares for the Aug. 13 opening of a new golf course bearing his name. Trump will be in Scotland until Tuesday, and plans to talk trade with British Prime Minister Keir Starmer and European Commission President Ursula von der Leyen. The Aberdeen area is already home to another of his courses, Trump International Scotland, and the Republican president is also visiting a Trump course near Turnberry, around 200 miles (320 kilometers) away on Scotland's southwest coast. Trump said upon arrival on Friday evening that his son is 'gonna cut a ribbon' for the new course during his trip. Eric Trump also went with his father to break ground on the project back in 2023. Using a presidential overseas trip — with its sprawling entourage of advisers, White House and support staffers, Secret Service agents and reporters — to help show off Trump-brand golf destinations demonstrates how the president has become increasingly comfortable intermingling his governing pursuits with promoting his family's business interests. The White House has brushed off questions about potential conflicts of interest, arguing that Trump's business success before he entered politics was a key to his appeal with voters. White House spokesperson Taylor Rogers called the Scotland swing a 'working trip.' But she added Trump 'has built the best and most beautiful world-class golf courses anywhere in the world, which is why they continue to be used for prestigious tournaments and by the most elite players in the sport.' STORY CONTINUES BELOW THIS AD Trump family's new golf course has tee times for sale Trump went to Scotland to play his Turnberry course during his first term in 2018 while en route to a meeting in Finland with Russian President Vladimir Putin. But this trip comes as the new golf course is already actively selling tee times. 'We're at a point where the Trump administration is so intertwined with the Trump business that he doesn't seem to see much of a difference,' said Jordan Libowitz, vice president for the ethics watchdog organization Citizens for Responsibility and Ethics in Washington. 'It's as if the White House were almost an arm of the Trump Organization.' During his first term, the Trump Organization signed an ethics pact barring deals with foreign companies. An ethics framework for Trump's second term allows them. Trump's assets are in a trust run by his children, who are also handling day-to-day operations of the Trump Organization while he's in the White House. The company has inked many recent, lucrative foreign agreements involving golf courses, including plans to build luxury developments in Qatar and Vietnam, even as the administration negotiates tariff rates for those countries and around the globe. STORY CONTINUES BELOW THIS AD Trump's first Aberdeen course sparked legal battles Trump's existing Aberdeenshire course, meanwhile, has a history nearly as rocky as the area's cliffs. It has struggled to turn a profit and was found by Scottish conservation authorities to have partially destroyed nearby sand dunes. Trump's company also was ordered to cover the Scottish government's legal costs after the course unsuccessfully sued over the construction of a nearby wind farm, arguing in part that it hurt golfers' views. And the development was part of the massive civil case, which accused Trump of inflating his wealth to secure loans and make business deals. Trump's company's initial plans for his first Aberdeen-area course called for a luxury hotel and nearby housing. His company received permission to build 500 houses, but Trump suggested he'd be allowed to build five times as many and borrowed against their values without actually building any homes, the lawsuit alleged. Judge Arthur Engoron found Trump liable last year and ordered his company to pay $355 million in fines — a judgment that has grown with interest to more than $510 million as Trump appeals. STORY CONTINUES BELOW THIS AD Golfers-in-chief Family financial interests aside, Trump isn't the first sitting U.S. president to golf in Scotland. That was Dwight D. Eisenhower, who played in Turnberry in 1959. George W. Bush visited the famed course at Gleneagles in 2005 but didn't play. Many historians trace golf back to Scotland in the Middle Ages. Among the earliest known references to game was a Scottish Parliament resolution in 1457 that tried to ban it, along with soccer, because of fears both were distracting men from practicing archery — then considered vital to national defense. The first U.S. president to golf regularly was William Howard Taft, who served from 1909 to 1913 and ignored warnings from his predecessor, Teddy Roosevelt, that playing too much would make it seem like he wasn't working hard enough. Woodrow Wilson played nearly every day but Sundays, and even had the Secret Service paint his golf balls red so he could practice in the snow, said Mike Trostel, director of the World Golf Hall of Fame. STORY CONTINUES BELOW THIS AD Warren G. Harding trained his dog Laddie Boy to fetch golf balls while he practiced. Lyndon B. Johnson's swing was sometimes described as looking like a man trying to kill a rattlesnake. Bill Clinton, who liked to joke that he was the only president whose game improved while in office, restored a putting green on the White House's South Lawn. It was originally installed by Eisenhower, who was such an avid user that he left cleat marks in the wooden floors of the Oval Office by the door leading out to it. Bush stopped golfing after the start of the Iraq war in 2003 because of the optics. Barack Obama had a golf simulator installed in the White House that Trump upgraded during his first term, Trostel said. John F. Kennedy largely hid his love of the game as president, but he played on Harvard's golf team and nearly made a hole-in-one at California's renowned Cypress Point Golf Club just before the 1960 Democratic National Convention. STORY CONTINUES BELOW THIS AD 'I'd say, between President Trump and President John F. Kennedy, those are two of the most skilled golfers we've had in the White House,' Trostel said. Trump, Trostel said, has a handicap index — how many strokes above par a golfer is likely to score — of a very strong 2.5, though he's not posted an official round with the U.S. Golf Association since 2021. That's better than Joe Biden's handicap of 6.7, which also might be outdated, and Obama, who once described his own handicap as an 'honest 13.' The White House described Trump as a championship-level golfer but said he plays with no handicap.
