Sensex rise 118 points, Nifty 50 reaches 25,535; markets open higher on Tuesday
This positive start reflected a 0.6% rise in the MSCI Asia ex-Japan index and followed a strong finish on Wall Street, fueled by hopes of progress in U.S. trade talks. Meanwhile, oil prices edged lower on expectations of increased output from OPEC+—a welcome sign for India, which relies heavily on crude imports.
Additionally, oil prices declined on expectations of an OPEC+ output increase—a favorable development for India, which is a major crude importer. The US dollar softened ahead of key US economic data and an upcoming vote on President Trump's fiscal reforms, which also supported emerging markets like India.
On the domestic front, sentiment was supported by hopes for a breakthrough in India–US trade talks. Investors are closely watching for any early resolution ahead of the July 9 deadline.
Among stocks in focus, Apollo Hospitals gained over 4% in early trade following news of a planned spin-off and listing of its digital health and pharmacy unit within the next 18–21 months. The parent company plans to retain a 15% stake in the new entity.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
India.com
6 minutes ago
- India.com
Indian Rupee Strengthens Against Us Dollar Despite Tariff Concerns
New Delhi: The Indian rupee opened stronger on Monday, amid additional 25 per cent tariff proposed by US President Donald Trump on India, which is set to take effect from August 27. The rupee likely inched up higher on optimism that the Russia-Ukraine war will end following the upcoming US-Russia negotiations on August 15, leading to removal of additional tariffs on India. The local currency opened 13 paise stronger at 87.53 against the US dollar up from 87.66 on Friday. The immediate trading range is expected to be between 87.25 and 87.80, according to analysts. The Indian rupee was expected to open with small gains today at 87.51, while markets are awaiting US and domestic inflation data. Indian markets are focused on domestic CPI and WPI inflation data, set to be released on August 12 and August 14. Additional tariffs, if implemented, are expected to put pressure on the Indian rupee against the US dollar in the short term due to reduced export revenues, capital outflows, and inflationary pressures. US' new tariffs on India are expected to affect sectors such as textiles, leather, and seafood. India sharply criticised the tariffs, calling it "unfair and unreasonable". US has singled out India for the harshest tariff rate of 50 per cent, compared to 30 per cent for China and 15 per cent for Turkey, despite all three countries importing Russian oil. Brent oil prices dropped to $66.25 per barrel in Asian trade on Monday morning, continuing last week's significant declines as traders anticipated upcoming talks between Russia and the US will ease the Ukraine conflict. China released soft inflation data and economic indicators in July, indicating that the economy was recovering slowly, leaving oil markets largely pessimistic about future demand. FII selling persisted during the week in Indian equity markets, indicating broader risk aversion in emerging markets. However, ongoing purchases by DIIs helped mitigate losses.
&w=3840&q=100)
Business Standard
6 minutes ago
- Business Standard
Afcons Infrastructure shares rise 4% after posting Q1 results; Details
Afcons Infrastructure shares rose 4.2 per cent on Monday, August 11, 2025, and logged an intra-day high at ₹424 per share on BSE. The buying interest on the counter came after the company posted Q1 results on Friday, after market hours. At 10:36 AM, Afcons Infrastructure share price was up 3.98 per cent at ₹423 per share on BSE. In comparison, the Sensex was 0.34 per cent higher at 80,131.41. Afcons Infra Q1 results In Q1, Afcons Infrastructure reported a consolidated profit after tax (PAT) of ₹137 crore, as compared to ₹92 crore year-on-year (Y-o-Y), up 50 per cent. The company's consolidated revenue from operations in the first quarter stood at ₹3,370 crore, as against ₹3,154 crore in the year-ago period, up 6.8 per cent. The Earnings before interest, tax, depreciation, and amortisation (Ebitda) stood at ₹445 crore, as compared to ₹372 crore, up 19.6 per cent. Ebitda margin stood at 13 per cent, as against 11.6 per cent a year ago. In Q1 FY26, the company received orders worth ₹1,093 crore. In July 2025, it emerged as L1 in three road and rail projects in Croatia worth ₹11,321 crore. With this, the total L1 stands at ₹21,556 crore. Check List of Q1 results today Our sustained efforts to make an entry in European markets bore fruits with us becoming L1 in multiple large orders in Croatia. This is in line with our strategy of focusing on large orders and expanding our presence in overseas markets,' said Subramanian Krishnamurthy, executive vice chairman (Whole-time Director), Afcons Infrastructure. He added: We are excited by the growth opportunities available both domestically and internationally. We believe that our consistent financial performance, including a sturdy margin profile, positions us well to deliver value to our shareholders. We will continue to remain disciplined in our bidding and financing decisions while focusing on growth. Nuvama Institutional Equities has maintained 'Buy' on the stock with a revised target of ₹523 per share from ₹535. 'While Afcons remains a sterling Engineering, Procurement, and Construction (EPC) player (refer to In a league of its own), execution growth is contingent on payment trajectory. We are cutting FY26E/27E EPS by 2 per cent/5 per cent due to stretched working capital cycle,' the brokerage noted.
The Hindu
6 minutes ago
- The Hindu
Intel CEO to visit White House on Monday: Report
Intel CEO Lip-Bu Tan is set to visit the White House on Monday after U.S. President Donald Trump called for his removal last week, the Wall Street Journal reported on Sunday, citing people familiar with the matter. Reuters could not immediately confirm the report. Intel and the White House did not immediately respond to requests for comment. Tan is expected to have a extensive conversation with Trump while looking to explain his personal and professional background, the report said, adding that he could propose ways Intel and the U.S. government could work together, the report added. Tan hopes to win Trump's approval by showing his commitment to the U.S. and guaranteeing the importance of keeping Intel's manufacturing capabilities as a national security issue, the report added. Last week, Trump demanded the immediate resignation of Tan, calling him "highly conflicted" due to his ties to Chinese firms and raising doubts about plans to turn around the struggling American chip icon. Tan said he shared the president's commitment to advancing U.S. national and economic security.
