Indices trade with decent gains; realty shares advance
Realty shares advanced after declining in the past five consecutive trading sessions.
At 14:29 IST, the barometer index, the S&P BSE Sensex jumped 406.81 points or 0.50% to 81,295.84. The Nifty 50 index advanced 143.55 points or 0.58% to 24,824.
The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index added 0.75% and the S&P BSE Small-Cap index rose 0.93%.
The market breadth was positive. On the BSE, 2,066 shares rose and 1,787 shares fell. A total of 180 shares were unchanged.
Buzzing Index:
The Nifty Realty index rose 1.55% to 926.05. The index slumped 9.37% in the past five consecutive trading sessions.
Lodha Developers (up 3.31%), Oberoi Realty (up 2.69%), Godrej Properties (up 1.98%), DLF (up 1.81%), Anant Raj (up 1.69%) and Prestige Estates Projects (up 1.31%) advanced.
On the other hand, Sobha (down 2.58%), Brigade Enterprises (down 0.74%) and Phoenix Mills (down 0.31%) edged lower.
Numbers to Track:
The yield on India's 10-year benchmark federal paper rose 0.08% to 6.379 from the previous close of 6.374.
In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 86.8650 compared with its close of 86.7025 during the previous trading session.
MCX Gold futures for 5 August 2025 settlement rose 0.50% to Rs 98,050.
The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.20% to 98.58.
The United States 10-year bond yield declined 0.56% to 4.417.
In the commodities market, Brent crude for September 2025 settlement rose 42 cent or 0.61% to $69.74 a barrel.
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Time of India
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The Hindu
2 hours ago
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This licence can be granted if: reasonable requirements of the public with respect to the patented invention are not satisfied; or the patented invention is not available to the public at reasonably affordable price, or the patented invention is not 'worked' in the territory of India, implying, it has not been commercially exploited in the country ( Patent rules monitor 'working' requirement and, accordingly, patentees must submit the working status of their inventions. They had to do so annually until this requirement was diluted through India's FTA with the European Free Trade Association, with India agreeing that the periodicity of reporting 'shall not be less than 3 years' ( This dilution, has now been reinforced through the CETA, and it takes away an important ground for issuing compulsory licences. By backing voluntary licensing to address the problem of access to medicines, India has, de facto, given up its position as a strong votary of compulsory licensing in the WTO. A coalition of developing countries, including India earned the right to issue compulsory licences through the Doha Declaration on the TRIPS Agreement and Public Health in 2001, despite strident opposition from advanced countries. The Declaration emphasised, 'each Member has the right to grant compulsory licences and the freedom to determine the grounds upon which such licences are granted' ( Voluntary licences cannot ensure access to affordable medicines due to the weak bargaining position of domestic companies in developing countries vis-à-vis dominant pharmaceutical corporations. Médecins Sans Frontières (MSF), a medical humanitarian organisation, observed that using the terms of voluntary licences, pharmaceutical corporations can set various limitations, including to control the supply of active pharmaceutical ingredients, besides imposing restrictions on licensees. Therefore, options for getting affordable access are compromised when voluntary licences are used ( The MSF's observations were proven when Cipla produced the anti-COVID drug, remdesivir, in India under a voluntary licence from Gilead Sciences, the owner of the patent on the medicine. The price of remdesivir fixed by Cipla for India was, in purchasing power terms, higher than that Gilead had charged in the United States. COMMENT | The India-U.K. FTA spells a poor deal for public health India's demand will be affected The CETA undermines India's demand for technology transfer 'on favourable terms' in several multilateral forums. This demand was first made through the United Nations General Assembly Resolution on the New International Economic Order (NIEO) in 1974. A key aspect of the NIEO was the call for facilitated technology transfer from advanced to developing countries to promote the industrialisation efforts of the developing countries ( However, despite their best efforts, little progress was seen regarding technology transfer. The disappointment of developing countries was reflected in India's Fourth Biennial Update Report to the United Nations Framework Convention on Climate Change in 2024: 'Despite substantial national efforts and investments, barriers like slow international technology transfer and intellectual property rights (IPR) hinder the rapid adoption of [climate friendly] technologies' ( As India has compromised its long-held position that technology transfer to developing countries must be on 'favourable terms', its demand for climate-friendly technologies from advanced countries could lose its sting. Biswajit Dhar is former Professor of Economics at the Jawaharlal Nehru University. K.M. Gopakumar is Senior Researcher and Legal Adviser, Third World Network
