Stock market update: Nifty Pharma index falls 0.95% in an upbeat market
Natco Pharma Ltd.(up 0.98 per cent), Mankind Pharma Ltd.(up 0.31 per cent) and Abbott India Ltd.(up 0.23 per cent) were among the top gainers.
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Aurobindo Pharma Ltd.(down 1.75 per cent), Ipca Laboratories Ltd.(down 1.74 per cent), Granules India Ltd.(down 1.62 per cent), Zydus Lifesciences Ltd.(down 1.35 per cent) and Torrent Pharmaceuticals Ltd.(down 1.33 per cent) were the top losers on the index.
The Nifty Pharma index was down 0.95 per cent at 22317.3 at the time of writing this report.
Benchmark NSE Nifty50 index was up 6.71 points at 25097.4, while the BSE Sensex was up 94.1 points at 82294.44.
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Among the 50 stocks in the Nifty index, 15 were trading in the green, while 35 were in the red.
Shares of
Eternal
,
Vodafone Idea
,
PC Jeweller
,
Swiggy
and
JP Power
were among the most traded shares on the NSE.
Shares of
Lords Chloro
, Eternal,
Viji Finance
,
Sambhv Steel Tubes
and
Bhartiya Intnl
hit their fresh 52-week highs in today's trade, while Ortel Communications, LCC Infotech, Stampede Cap, Raymond Realty and IL&FS Engg Const hit fresh 52-week lows in trade.
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Indian shares inch lower as Kotak earnings drag financials, trade deal delay weighs
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The Hindu
15 minutes ago
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Benchmark equity indices Sensex and Nifty declined in early deals on Monday (July 28, 2025) dragged down by heavy selling pressure in Kotak Mahindra Bank and uncertainty related to the India-US trade deal. Persistent foreign fund outflows and weak trends in Asian markets also hit investors' sentiment. The 30-share BSE Sensex dropped 369.58 points to 81,093.51 in early trade. The 50-share NSE Nifty declined 104.3 points to 24,732.70. From the Sensex firms, Kotak Mahindra Bank tumbled nearly 7% after the company on Saturday reported a consolidated net profit of ₹4,472 crore for the June quarter, and flagged stress on the retail commercial vehicle portfolio due to adverse macroeconomic conditions. The profit in the year-ago period was ₹7,448 crore, but it had included gains of over ₹3,000 crore on its stake sale in the general insurance arm, while the net profit for the March quarter stood at ₹4,933 crore. Tata Consultancy Services, Bharti Airtel, Infosys and Eternal were also among the laggards. However, Tata Motors, Bajaj Finserv, UltraTech Cement and Power Grid were among the gainers. "Negative news and triggers have pushed the Nifty to a one-month low, and market sentiments continue to be unfavourable. While trade deals with Japan and EU, thought to be difficult initially, have happened, the much expected India-US trade deal is even now hanging fire. This has impacted market sentiments," VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, said. Vijayakumar further added that the sharp cut in the IT index has been dragging the market down, and there is no respite in this in view of the 2 per cent cut in its global workforce announced by TCS. FII selling of ₹13,552 crore in the cash market last week has added to the weakness in the market, he said. In Asian markets, South Korea's Kospi, Japan's Nikkei 225 index and Shanghai's SSE Composite index traded lower while Hong Kong's Hang Seng quoted in positive territory. The US markets ended higher on Friday. Foreign Institutional Investors (FIIs) offloaded equities worth ₹1,979.96 crore on Friday, according to exchange data. Global oil benchmark Brent crude climbed 0.29% to $68.64 a barrel. On Friday (July 25, 2025), the Sensex tanked 721.08 points or 0.88% to settle at over a month's low of 81,463.09. The Nifty dropped 225.10 points or 0.90% to a month's low of 24,837.
News18
23 minutes ago
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Last Updated: Mumbai, Jul 28 (PTI) Benchmark equity indices Sensex and Nifty declined in early deals on Monday dragged down by heavy selling pressure in Kotak Mahindra Bank and uncertainty related to the India-US trade deal. Persistent foreign fund outflows and weak trends in Asian markets also hit investors' sentiment. The 30-share BSE Sensex dropped 369.58 points to 81,093.51 in early trade. The 50-share NSE Nifty declined 104.3 points to 24,732.70. From the Sensex firms, Kotak Mahindra Bank tumbled nearly 7 per cent after the company on Saturday reported a consolidated net profit of Rs 4,472 crore for the June quarter, and flagged stress on the retail commercial vehicle portfolio due to adverse macroeconomic conditions. The profit in the year-ago period was Rs 7,448 crore, but it had included gains of over Rs 3,000 crore on its stake sale in the general insurance arm, while the net profit for the March quarter stood at Rs 4,933 crore. Tata Consultancy Services, Bharti Airtel, Infosys and Eternal were also among the laggards. However, Tata Motors, Bajaj Finserv, UltraTech Cement and Power Grid were among the gainers. Vijayakumar further added that the sharp cut in the IT index has been dragging the market down, and there is no respite in this in view of the 2 per cent cut in its global workforce announced by TCS. FII selling of Rs 13,552 crore in the cash market last week has added to the weakness in the market, he said. In Asian markets, South Korea's Kospi, Japan's Nikkei 225 index and Shanghai's SSE Composite index traded lower while Hong Kong's Hang Seng quoted in positive territory. The US markets ended higher on Friday. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 1,979.96 crore on Friday, according to exchange data. Global oil benchmark Brent crude climbed 0.29 per cent to USD 68.64 a barrel. On Friday, the Sensex tanked 721.08 points or 0.88 per cent to settle at over a month's low of 81,463.09. The Nifty dropped 225.10 points or 0.90 per cent to a month's low of 24,837. PTI SUM SUM ANU ANU view comments First Published: July 28, 2025, 10:15 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
