
Indian markets end flat amidst mixed sectoral performance
At the end of the trading session, Nifty was up 15.30 points or 0.06 per cent at 25,532.35 and the BSE's Sensex was up by 33.24 points or 0.04 per cent, reaching 83,639.70.
'Nifty has closed above the previous day's low, indicating yesterday's sell-off was only a temporary profit-booking pause in the rally,' said Praveen Dwarakanath, Vice President of Hedged.in.
'The smaller time frame momentum indicators are sloping upside, indicating a further rally from the current levels,' he added.
Among the index constituents, Apollo Hospitals, Bharat Electronics Ltd (BEL) and Reliance Industries emerged as the top gainers, while Nestle India and Axis Bank were the major losers.
On the sectoral front, Nifty Media, Nifty FMCG and Nifty Financial Services 25/50 closed in the red zone, while Nifty PSU Bank and Nifty Oil & Gas ended the day in the positive zone.
On Wednesday, out of 3,020 traded stocks 1,491 advanced for the day, while 1,452 ended the day in the red territory. Seventy-seven stocks remained unchanged for the day.
'India's upcoming trade deal will be a key event that is expected to have an impact on specific sectors rather than affecting the overall market index,' according to VLA Ambala, co-founder of Stock Market Today.
'For the upcoming sessions, the limelight will be mainly on sectors like agriculture, gems, auto, textiles, electronics, pharma, renewables/EVs, handicrafts, and energy. Traders should observe the prices and developments to identify gain opportunities,' VLA Ambala added.
On the precious metal side, Gold traded with modest gains, rising by 1.58 per cent to USD 3,359.25 in Comex and 1.29 per cent to Rs 97,305 in MCX as of 15:46 IST. (ANI)

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)

Business Standard
27 minutes ago
- Business Standard
Torrent in talks to acquire L&T thermal unit in $1 billion deal: Report
Deliberations are ongoing and details of the potential transaction may change, the people said, adding that talks could also fall apart and other bidders might emerge Bloomberg Torrent Power Ltd. is in talks to buy the thermal business unit of Larsen & Toubro Ltd. for about $1 billion including debt, according to people with knowledge of the matter. Both companies are working with advisers on the potential transaction, the people said, asking not to be identified because the deliberations are private. A disposal would help L&T raise cash to reduce its debt, the people said. Deliberations are ongoing and details of the potential transaction may change, the people said, adding that talks could also fall apart and other bidders might emerge. A representative for L&T declined to comment, while Torrent Power didn't immediately respond to a request seeking comment. L&T has been evaluating selling its thermal unit to focus on its core engineering and construction business. The company held talks in 2021 to merge the asset with the Indian arm of Singapore-based Sembcorp Industries Ltd., Bloomberg News reported at the time. Torrent Power, owned by Ahmedabad-based conglomerate Torrent Group, offers services including power generation, transmission, distribution, as well as manufacturing and supply of power cables, according to its website. Shares of Torrent Power have dropped around 9% in Mumbai this year, giving the company a market value of nearly $8 billion.
&w=3840&q=100)

Business Standard
27 minutes ago
- Business Standard
NSDL to launch ₹4,000-crore IPO on July 30; bidding ends August 1
National Securities Depository Ltd (NSDL) is set to launch its Initial Public Offering (IPO) on July 30, with the issue size pegged at around Rs 4,000 crore. The depository's maiden public issue will conclude on August 1. The one-day bidding for anchor investors is scheduled to open on July 29, according to the Red Herring Prospectus (RHP). The IPO only consists of Offer For Sale (OFS) component of 5.01 crore shares and those selling shares under this are -- the National Stock Exchange of India (NSE), State Bank of India (SBI), HDFC Bank, IDBI Bank, Union Bank of India and Administrator of Specified Undertaking of the Unit Trust of India (SUUTI). Since the public issue is entirely an OFS, NSDL will not receive any proceeds from the IPO. Market sources have pegged the IPO size to around Rs 4,000 crore. This upcoming listing will make NSDL the country's second publicly traded depository after Central Depository Services (CDSL), which was listed on the NSE in 2017. The listing of NSDL is crucial in order to comply with Sebi's ownership norms. These regulations require that no entity can hold more than 15 per cent of the shareholding in a depository company. NSDL's principal shareholders, IDBI Bank and the NSE, are required to reduce their stake in the company to comply with Sebi's rule. Currently, IDBI holds 26.10 per cent and NSE owns 24 per cent stake in NSDL, which exceeds the permissible limit. It is a Sebi-registered market infrastructure institution offering a wide range of products and services to the financial and securities markets in India. Following the introduction of the Depositories Act in 1996, NSDL pioneered the dematerialisation of securities in India in November 1996. For the full financial year 2024-25, the depository's net profit surged by 24.57 per cent to Rs 343 crore and total income rose to Rs 1,535 crore, a 12.41 per cent increase over FY 2023-24. ICICI Securities, Axis Capital, HSBC Securities and Capital Markets (India), IDBI Capital Markets & Securities, Motilal Oswal Investment Advisors and SBI Capital Markets are the book-running lead managers to the issue.


India.com
27 minutes ago
- India.com
Meet Dipanshi, Varanasi girl hired by Microsoft as..., pursuing B.Tech at THIS premier school, not IIT, the name is...
Dipanshi is pursuing a degree at IIIT Allahabad. (File/LinkedIn) While millions of young Indian professionals with degrees from Tier 1 colleges like IITs dream of one day working for big tech firms like Microsoft, Google, Amazon, etc, Dipanshi, a young woman from Varanasi, Uttar Pradesh, has received an opportunity to work at Microsoft, even as she's yet to complete her degree. Who is Dipanshi? A native of Varanasi in Uttar Pradesh, Dipanshi is currently pursuing a degree in Information Technology (IT), at the Indian Institute of Information Technology (IIIT), Allahabad. Dipanshi completed her schooling at the St. John's School in her hometown, and then secured admission at IIIT Allahabad owing to her excellent grades class 12th ICSE board exams. Currently, Dipanshi is pursuing is in the pre-final year of her in Information Technology at IIIT Allahabad. How Dipanshi joined Microsoft? Normally, tech giants like Microsoft and Google hire students from top colleges, who a majority of those are pursuing a degree in Computer Science. However, Dipanshi is a rare case when the company hired an IT student. 'I am currently a pre-final year student in Information Technology at the Indian Institute of Information Technology, Allahabad. As an enthusiastic learner and problem-solver, I am motivated by the opportunity to create impactful solutions to real-world challenges. I aspire to work in a stimulating and growth-oriented environment where I can apply my skills to support organizational success while continuously advancing my expertise,' Dipanshi writes in her LinkedIn bio. 'My focus is on achieving both personal and professional growth by contributing value to meaningful projects and thriving in a culture of innovation and excellence,' she adds. What's her work experience? Dipanshi joined Microsoft as an SWE Intern in May 2025 and started working at the company's Karnataka office, where she got an opportunity to work to hone her technical professional skills while working on real-time projects at the world's largest tech company. Currently, she's still working as an SWE Intern with Microsoft, as per her LinkedIn page.