logo
Nifty top gainers this week (July 12): Hindustan Unilever, Kotak Mahindra Bank, NTPC, SBI Life and more

Nifty top gainers this week (July 12): Hindustan Unilever, Kotak Mahindra Bank, NTPC, SBI Life and more

Business Upturn2 days ago
The Indian stock market saw significant volatility during the week ending July 12, 2025, with a sharp selloff on Friday dragging down overall sentiment. The benchmark indices—Sensex and Nifty 50—closed notably lower on the final trading day of the week.
On Friday, July 11, the Sensex opened at 82,820.76 and slipped to an intraday low of 82,442.25, eventually ending the day at 82,500.47—down 690 points or 0.83%. Similarly, the Nifty 50 opened at 25,255.50 and touched a low of 25,129 before closing at 25,149.85, shedding 205 points or 0.81%.
Despite the bearish close to the week, several heavyweight stocks in the Nifty 50 index delivered notable weekly gains. Let's take a closer look at the top 10 losers of the Nifty 50 this week, according to Trendlyne. Hindustan Unilever closed at ₹2,519.6, up 7.7% for the week.
Kotak Mahindra Bank ended at ₹2,220.6, posting a 4.3% weekly gain.
NTPC settled at ₹342.7, rising 2.2% over the week.
SBI Life Insurance closed at ₹1,835.2, with a weekly increase of 2.0%.
Power Grid Corporation ended at ₹298.6, up 1.6% this week.
Bajaj Finserv finished at ₹2,017.2, gaining 1.1% during the week.
ITC closed flat at ₹416.8, with a minor weekly rise of 1.0%.
Bajaj Finance ended at ₹933.5, up 0.9% on the week.
Eternal closed at ₹263.4, rising 0.8% this week.
Asian Paints settled at ₹2,439.2, with a 0.6% gain over the week.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
Ahmedabad Plane Crash Hindustan UnileverKotak Mahindra BankNTPCSBI LifeStock Market
Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

India should avoid rushing for trade pact with US Experts
India should avoid rushing for trade pact with US Experts

Time Business News

time40 minutes ago

  • Time Business News

India should avoid rushing for trade pact with US Experts

New Delhi, Jul 13 (PTI) India should avoid rushing into a trade deal with the US that compromises core sectors like agriculture, experts on Sunday said, cautioning that Washington is not sparing even its key partners like the EU. The US has shot off letters to 24 countries and the European Union (EU) imposing tariffs that are as high as 50 per cent on Brazil. On its key trading partners like the EU and Mexico, 30 per cent duties have been proposed from August 1. Economic think tank GTRI (Global Trade Research Initiative) said India must recognise that it is not alone in facing US pressure. The US is currently negotiating with over 20 countries and seeking concessions from more than 90. 'Yet most are resisting because they see these MASALA (Mutually Agreed Settlements Achieved through Leveraged Arm-twisting) deals for what they are politically driven, transactional demands offering no lasting trade certainty,' GTRI Founder Ajay Srivastava said. He added that both the EU and Mexico are major trade partners of the US, and Washington can impose tariffs on them to pressure them into quick deals, India cannot expect a balanced deal. Another trade expert said India should tread cautiously while negotiating the trade pact with the US. The expert added that Trump's trade threat is rapidly losing credibility as despite more than three months of pressure, only two countries — the UK and Vietnam — have agreed to the USA's one-sided terms. From Japan and South Korea to the EU and Australia, countries are resisting Trump's trade deals that demand tariff cuts without reciprocal US concessions, mandate guaranteed purchases of American goods, and leave the door open for future tariffs even after a deal is signed, the GTRI said. A team of Indian trade negotiators will soon visit Washington to further talks for the proposed Bilateral Trade Agreement (BTA). 'India should stay the course and avoid trading away core sectors like agriculture. A hasty deal under pressure could have irreversible consequences, especially when such agreements may not survive the next shift in US politics,' Srivastava said. (This story has not been edited by TIMEBUSINESSNEWS and is auto-generated from PTI) Author Credits TIME BUSINESS NEWS

Amid Air India probe, U.S. FAA, Boeing notify fuel switch locks are safe, document, sources say
Amid Air India probe, U.S. FAA, Boeing notify fuel switch locks are safe, document, sources say

CNBC

time3 hours ago

  • CNBC

Amid Air India probe, U.S. FAA, Boeing notify fuel switch locks are safe, document, sources say

The U.S. Federal Aviation Administration and Boeing have privately issued notifications that the fuel switch locks on Boeing planes are safe, a document seen by Reuters showed and four sources with knowledge of the matter said. The FAA's Continued Airworthiness Notification on July 11 came after a preliminary report on Friday into last month's Boeing 787-8 crash, which killed 260 people, raised questions over engine fuel cutoff switches. The FAA's notification to Civil Aviation Authorities, seen by Reuters, said: "although the fuel control switch design, including the locking feature, is similar on various Boeing airplane models, the FAA does not consider this issue to be an unsafe condition that would warrant an Airworthiness Directive on any Boeing airplane models, including the Model 787." When asked for comment, the FAA stated that it had nothing to add beyond the notification. Boeing also referred to FAA's notification in a Multi-Operator-Message sent to the airlines in the past few days, which said the planemaker is not recommending any action, two of the sources with direct knowledge said. When asked for comment, Boeing referred Reuters' questions to the FAA. The preliminary investigation report into the crash by India's Aircraft Accident Investigation Bureau (AAIB), referred to a 2018 FAA advisory, which recommended, but did not mandate, operators of several Boeing models, including the 787, to inspect the locking feature of the fuel cutoff switches to ensure it could not be moved accidentally. The report said Air India had said it had not carried out the FAA's suggested inspections as the FAA 2018 advisory was not a mandate. The report noted "all applicable airworthiness directives and alert service bulletins were complied on the aircraft as well as engines." ALPA India, which represents Indian pilots at the Montreal-based International Federation of Air Line Pilots' Associations, in a statement on Saturday rejected the presumption of pilot error and called for on a "fair, fact-based inquiry." "The pilots body must now be made part of the probe, at least as observers," ALPA India President Sam Thomas told Reuters on Sunday. ALPA India, in a letter posted on X, said the preliminary investigation report referred to the 2018 FAA advisory "concerning the fuel control switch gates, which indicates a potential equipment malfunction." In the flight's final moments, one pilot was heard on the cockpit voice recorder asking the other why he cut off the fuel. "The other pilot responded that he did not do so," the report said. It said fuel switches had almost simultaneously flipped from run to cutoff just after takeoff. The report did not say how the switches could have flipped during the flight. Two U.S. safety experts said on Saturday they backed ALPA India's request to be observers in the probe, but said the investigation report did not suggest a bias toward pilot error. John Cox, a pilot and former ALPA representative, said AAIB's report seemed objective and fair.

Anand says Indo-Pacific strategy will have economic focus but maintain values
Anand says Indo-Pacific strategy will have economic focus but maintain values

Hamilton Spectator

time11 hours ago

  • Hamilton Spectator

Anand says Indo-Pacific strategy will have economic focus but maintain values

OTTAWA - Foreign Affairs Minister Anita Anand says the economy is becoming the primary focus of Canada's relationships in the Indo-Pacific — a shift that appears linked to Canada's recent moves to overcome its security dispute with India. Anand was in Japan and Malaysia this week for her first trip to the region since taking over as foreign minister in May. Her message coming out of that trip was that Canada's foreign policy is shifting — though not abandoning — the priorities set by the previous Liberal government of former prime minister Justin Trudeau. 'It is important for us to revisit our policy — not only in the Indo-Pacific but generally speaking — to ensure that we are focusing not only on the values that we have historically adhered to,' Anand said Thursday in a teleconference from Malaysia. 'Foreign policy is an extension of domestic interest and particularly domestic economic interests. This is a time when the global economy is under stress.' The Trudeau government put language on environmental protection, labour standards and gender equality in its trade agreements. Goldy Hyder, head of the Business Council of Canada, said that made Canada appear 'a bit preachy' to other countries. He said Canada has to be respectful in the way it stands up for democratic values. A focus on the economy is quickly becoming a defining trait of the government of Prime Minister Mark Carney, a former central banker who is intent on building up Canada's domestic capacity and reshaping its trade and security plans to rely less on the United States. Carney has been mostly focused on Europe so far; he has visited the continent three times since March. Anand's visit this week 'sets the stage' for Carney's planned visits this fall to the Association of South East Asian Nations leaders' summit in Malaysia and the APEC forum in South Korea, said Vina Nadjibulla, research vice-president for the Asia Pacific Foundation. Anand visited Tokyo to sign an information-sharing agreement that could lead to defence procurement deals, before heading to Malaysia for a meeting of the Association of South East Asian Nations, or ASEAN. Her visit also comes as Canada tries to restore ties with India after two years of diplomatic chill following the 2023 shooting death of Sikh activist Hardeep Singh Nijjar near Vancouver — a crime Ottawa linked to agents of the Indian government. The RCMP said last year it had evidence of New Delhi playing a role in acts of homicide, coercion and extortion targeting multiple Sikh-Canadians. Canada subsequently expelled six senior Indian diplomats; New Delhi expelled six Canadian diplomats in response. India claims Canada is enabling a separatist movement that calls for a Sikh homeland — Khalistan — to be carved out of India, and calls that a violation of its sovereignty. Carney began to thaw the relationship in June. He invited Indian Prime Minister Narendra Modi to the G7 summit in Alberta and the two leaders agreed to reinstate their high commissioners. The two countries are also starting security talks. As the world's most populous country, India is seen as a critical partner as Carney pushes to disentangle Canada from its heavy reliance on trade with the U.S. The two countries have engaged in on-and-off negotiations on a trade deal since 2010, with frequent pauses — including Ottawa's suspension of talks after the Nijjar assassination. Hyder said India's corporate sector has been urging Canadian corporations to continue expanding trade in spite of the tensions between Ottawa and New Delhi. 'One day this is all going to be resolved, and we don't want to have lost all that time,' he said. He said the reduced number of Canadian diplomats has made it more challenging for members of his council to engage in India, because there are fewer trade commissioners in India to help Canadians connect companies with contacts and opportunities on the ground. Hyder, who spoke just before leaving for a fact-finding mission to India, said the appointment of high commissioners will set the tone for eventual trade talks. He said a trade deal would be helpful but is not 'a precondition' for boosting trade, and suggested Ottawa should focus on scaling up the roads and ports needed to meet Asia's demand for Canadian commodities. Vijay Sappani, a fellow with the Macdonald-Laurier Institute, said an India trade deal could come quite soon. 'If we put in the right efforts on our end, I feel like we could probably get a free-trade agreement done before the end of this year, if not (the first quarter) of next year,' said Sappani. 'There is no Indo-Pacific without India, and if we want to play in the global markets, where we've been kind of shunned … then we need to step up to the plate.' Sappani said Ottawa should seek assurances from India that it will never play a role in violence in Canada. In turn, he said, Ottawa could commit to not having politicians show up at any event where there are displays commemorating those who took part in violence in support of the Khalistan movement. 'That is the biggest thing that we Canadians can do to stop some level of irritants within the Indian side, and trade definitely will come on back on the table,' he said. Anand would not say how soon Canada and India could appoint top envoys, or start trade talks. 'We will take the relationship with India one step at a time,' she said Thursday. 'That timeline will be steady, not immediate.' This report by The Canadian Press was first published July 12, 2025.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store