&w=3840&q=100)
Sensex rises 400 pts, Nifty above 25,150; Auto stocks lead gains today
Harshita Dudeja New Delhi
Stock market today: Benchmark equity indices were trading in the green on Wednesday, July 23, as earnings season kept the D-Street sentiment cautiously optimistic. While India Inc.'s results for the first quarter of the financial year 2025-2026 (Q1FY26) remained the primary focus point of investors, lack of concrete developments on trade tariff deals between the US and India limited any prospective upside.
At 12:30 PM, Sensex was trading at 82,570.47 level, up by 384 points or 0.47 per cent. The index hit an intra-day high of 82,593.63, up by 406 points. Whereas, NSE Nifty was trading above 25,100 level, up by 110 points or 0.44 per cent. The index hit an intraday high of 25,176.65.
Majority stocks from the Sensex pack were trading in green with Tata Motors, Bajaj Finance, Maruti Suzuki, Bharti Airtel and NTPC among the top gainers. On the other hand, Bharat Electronics (BEL), Hindustan Unilever, UltraTech Cement, Trent and Asian Paints were among the top laggards.
Interestingly, broader markets struggled to trade in the green territory. The Nifty midcap 100 was trading at 58,927 level, down by 0.30 per cent. Whereas, Nifty smallcap was down by 0.53 per cent, quoting 18,793.
Sectorally, Nifty Auto was among the top-performing indices, up by 0.65 per cent, trading at 24,030. Meanwhile, Nifty Realty dropped by 2.85 per cent, trading at 967 level. Nifty Media followed suit and was down by 1.13 per cent, trading at 1,714.
Auto stocks shine
Auto stocks witnessed a strong performance on Wednesday, mirroring the trend seen in Japanese auto firms. The uptrend came after the US announced a 'massive' trade deal with Japan, which includes a 15 per cent tariff on Japanese exports. "Japan will invest, at my direction, $550 billion into the United States, which will receive 90 per cent of the Profits. This deal will create hundreds of thousands of jobs— there has never been anything like it. Perhaps most importantly, Japan will open their country to trade, including cars and trucks, rice and certain other agricultural products, and other things," US President Trump said in a social media post.
Shares of Tata Motors were trading at ₹686.25, up by nearly 2 per cent on the National Stock Exchange. Maruti Suzuki shares were trading at ₹12,644, up by 1.22 per cent, whereas Mahindra and Mahindra shares were up by 1.4 per cent, logging an intraday high of ₹3,303. READ MORE
That apart, FMCG stocks took a downturn after industry player Colgate Palmolive announced lower-than-expected results for Q1FY26. The company's net profit figure for the quarter stood at ₹320.62 crore, marking a decline of 11.9 per cent from ₹363.98 crore recorded in the first quarter of the previous financial year. Shares of Colgate were trading at ₹2,287.70, down by 3.26 per cent.
New-age stocks to gain momentum?
D-street analysts believe that internet stocks are likely to gain momentum in the near term as investors are now seeing increased growth prospects for these companies. For instance, shares of Eternal (formerly Zomato) hit a record high on Tuesday despite reporting a 90 per cent dip in profit levels in Q1FY26. The optimism came-in as revenue surged 70 per cent, largely owing to Blinkit's stellar performance during the quarter. Similarly, Paytm reported a consolidated profit of ₹123 crore, as against a loss of ₹840 crore recorded in the corresponding period of FY25
"Q1 results of Eternal and Paytm indicate steady growth potential of the digital stocks which have a long runway of growth. Investor interest in the digital segment will remain high despite the high valuations," said VK Vijayakumar, chief investment strategist at Geojit Investments.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Hindu
13 minutes ago
- The Hindu
Time to redouble efforts, not pull apart, says US-India Business Council amid U.S.-India tariff row
Amid the ongoing row over the tariffs and penalties imposed by the Trump administration on India, citing India's trade relations with Russia, the US-India Business Council (USIBC) said on Thursday (August 7, 2025) that it is 'time to redouble our efforts, not pull apart.' U.S. President Donald Trump on Wednesday (August 6) signed an executive order imposing an additional 25% tariff on imports from India, in response to India 'directly or indirectly' importing oil from Russia. This is over and above the 25% tariff on Indian imports that Mr. Trump approved on July 31. Also Read | Trump's broad tariffs go into effect, hit goods from major U.S. trading partners Ambassador (ret.) Atul Keshap, President, USIBC, in a statement said, 'The partnership the United States and India have forged in recent years has brought significant mutual benefits, and our elected leaders should be proud of all they've accomplished.' 'The business community sees our shared strategic interests and complementary economies as powerful arguments to continue on this path. It's time to redouble our efforts, not pull apart. Business stands ready to help.', he added. Earlier, the Ministry of External Affairs (MEA) responded to these latest developments, saying it has made its stand clear — through an earlier statement following Mr. Trump's threat of additional tariffs — that these actions were 'unfair, unjustified and unreasonable'. It was 'extremely unfortunate' that the U.S. has chosen this course of action, the MEA said.
India.com
13 minutes ago
- India.com
Indias response to Trumps tariff announcement! Stir in America!
videoDetails India's response to Trump's tariff announcement! Stir in America! Yashwant Bhaskar | Updated: Aug 07, 2025, 11:04 AM IST US President Donald Trump is constantly threatening India. Trump, who had given big positive updates about the India-US Trade Deal in the past, suddenly surprised everyone by imposing a high tariff of 25 percent on India (US Tariff on India). Not only this, he also threatened additional penalty for continuing to buy oil and weapons from Russia. After India's stand on Russian Oil Import, US tariff threats are increasing day by day. He even called the Indian economy a 'Dead Economy'. But, the purchase of Russian oil is not the only reason Trump is angry, there are many other reasons too.
&w=3840&q=100)
Business Standard
13 minutes ago
- Business Standard
Asian shares rise on Wall Street rally, strong earnings, Fed cut bets
Asian equities rose on Thursday, with Japanese shares hitting a record high, as tech-led gains on Wall Street, upbeat earnings and growing expectations for U.S. rate cuts boosted sentiment. The prospect of a meeting between U.S. President Donald Trump and Russian President Vladimir Putin over the war in Ukraine also underpinned sentiment, benefitting the euro, while clouding the outlook for oil prices as traders pondered what's next in terms of sanctions on Moscow. Sterling held its ground at a one-week high going into the Bank of England's policy announcement later in the day, with a quarter-point cut widely expected, and the focus falling on a possible three-way split within the board. At the same time, markets largely shook off Trump's latest tariff moves, including an additional 25 per cent tariff on India over purchases of Russian oil. Trump's threatened 100 per cent duty on chips was also taken in stride. "While a 100 per cent tariff rate looks devastating, exemptions for firms investing in the U.S. 'even though you're building and you're not producing yet' could in fact significantly reduce economic exposures," Barclays analysts wrote in a note. However, the extent of the exemptions remains unclear because, "of course, there are no details," they said. Japan's broad Topix index rose 0.9 per cent to reach an all-time high, with the more tech-focused Nikkei also gaining by about the same margin. Taiwan's stock benchmark surged as much as 2.6 per cent to a more than one-year peak. Shares in TSMC, which this year announced additional investment in its U.S. production facilities, jumped 4.4 per cent. The KOSPI added 0.6 per cent, with South Korea's top trade envoy saying Samsung Electronics and SK Hynix will not be subject to 100 per cent tariffs. Hong Kong's Hang Seng rose 0.5 per cent, although mainland Chinese blue chips were only slightly higher on the day. Australian shares edged lower, after hitting a record high on Wednesday. Pan-European STOXX 50 futures pointed 0.3 per cent higher. U.S. stock futures were buoyant, with those for the S&P 500 up 0.2 per cent and those for the Nasdaq also rising 0.2 per cent. On Wednesday, the S&P 500 climbed 0.7 per cent and the Nasdaq Composite jumped 1.2 per cent. "Wall Street seems to have gotten its mojo back," analyst Kyle Rodda wrote in a note. "However, there are persistent risks to the downside. Downside surprises in official data are increasing," he said. "Valuations are also stretched, with forward price to earnings hovering around the highest in four years. And trade uncertainty persists." The U.S. dollar remained lower against major peers on Thursday, with expectations of easier policy from the Federal Reserve stoked both by some disappointing macroeconomic indicators - not least Friday's payrolls report - and Trump's move to install new picks on the Fed board that are likely to share the U.S. President's dovish views on monetary policy. Focus is centring on Trump's nomination to fill a coming vacancy on the Fed's Board of Governors and candidates for the next chair of the central bank, with current Chair Jerome Powell's tenure due to end in May. The dollar index, which gauges the currency against the euro, sterling and four other counterparts, eased slightly to 98.127, extending a 0.6 per cent drop from Wednesday. The euro added 0.1 per cent to $1.1672, following the previous session's 0.7 per cent jump. Sterling rose 0.1 per cent to $1.3366. The BoE looks poised to cut interest rates for the fifth time in 12 months later on Thursday, but nagging worries about inflation are likely to split its policymakers and cloud the outlook for its next moves. Two Monetary Policy Committee members may push for a half-point rate cut, and two may lobby for no change. The dollar was flat at 147.36 yen. Gold gained 0.3 per cent to around $3,378 per ounce, buoyed by the weaker dollar. Crude oil bounced after five sessions of declines, supported by signs of steady demand in the U.S., even as uncertainty lingered around Russian sanctions and the potential drag on global growth from Trump's tariffs. Brent crude futures were last up 58 cents, or 0.9 per cent, at $67.47 a barrel, while U.S. West Texas Intermediate crude gained 64 cents, or 1 per cent, to $64.99 a barrel.
