Indices: Stock market update: Nifty IT index falls 0.46% in a weak market
The Nifty IT index was trading 0.46 per cent down at 36968.1.
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NEW DELHI: The Nifty IT index traded negative around 10:47AM(IST)on Friday in a weak market.Wipro Ltd.(up 2.12 per cent) were among the top gainers.LTIMindtree Ltd.(down 1.92 per cent), Tech Mahindra Ltd.(down 1.52 per cent), MphasiS Ltd.(down 1.41 per cent), Persistent Systems Ltd.(down 1.29 per cent) and Coforge Ltd.(down 1.12 per cent) were the top losers on the index.The Nifty IT index was down 0.46 per cent at 36968.1 at the time of writing this report.Benchmark NSE Nifty50 index was down 171.46 points at 24940.0, while the BSE Sensex was down 573.22 points at 81686.02.Among the 50 stocks in the Nifty index, 7 were trading in the green, while 43 were in the red.Shares of JP Power, Vodafone Idea, RattanIndia Power, Alok Industries and PC Jeweller were among the most traded shares on the NSE.Shares of Garuda Construction, Cupid Ltd, Soma Textiles, NACL Industries and Quality Power Electr hit their fresh 52-week highs in today's trade, while Elgi Rubber Co, Setco Automotive, HDB Financial Servic, Pansari Developers and Jindal Worldwide hit fresh 52-week lows in trade.
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The Print
2 hours ago
- The Print
Markets extend losses on global sell-off amid US tariff concerns; Sensex tanks 586 points
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US President Donald Trump unveiled sweeping new tariffs on dozens of countries, including 25 per cent duties for goods from India, marking a new era of American protectionism that triggered fresh tensions and concerns over a much wider disruption in the global trade landscape. From the Sensex firms, Sun Pharma tumbled 4.43 per cent after the company reported a 20 per cent year-on-year decline in consolidated net profit to Rs 2,279 crore for the first quarter ended June 30, 2025. Tata Steel, Maruti, Tata Motors, Infosys, Bharti Airtel and Tech Mahindra were also among the laggards. However, Trent, Asian Paints, Hindustan Unilever, ITC, Kotak Mahindra Bank, and Reliance Industries were the gainers. The BSE smallcap gauge dropped 1.59 per cent, and the midcap index declined by 1.37 per cent. Healthcare tanked 2.44 per cent, telecommunication (2.41 per cent), metal (1.94 per cent), oil & gas (1.91 per cent), teck (1.83 per cent), IT (1.81 per cent), and realty (1.78 per cent). 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The order, however, does not mention the 'penalty' that Trump had said India would have to pay because it purchases Russian military equipment and energy. While August 1 was the tariff deadline, the new levies will come into effect from August 7. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 5,588.91 crore on Thursday, according to exchange data. 'Global equity markets were mostly weak over the past week, as the US tariff saga continued. The Indian equity market continued to underperform global equity markets in the past week and was down 0.8 per cent over this period,' Shrikant Chouhan, Head – Equity Research, said. In Asian markets, South Korea's Kospi, Japan's Nikkei 225 index, Shanghai's SSE Composite index and Hong Kong's Hang Seng settled lower. Equity markets in Europe were trading in the red. The US markets ended in negative territory on Thursday. Global oil benchmark Brent crude declined 0.39 per cent to USD 71.42 a barrel. On Thursday, the Sensex declined 296.28 points or 0.36 per cent to settle at 81,185.58. The Nifty dropped 86.70 points or 0.35 per cent to 24,768.35. PTI SUM SUM BAL BAL This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Economic Times
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Sebi proposes tighter norms for green bond third-party reviewers
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