Markets trade higher in early deals tracking rally in Asian peers
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The Hindu
22 minutes ago
- The Hindu
Stock markets fall for second day; Sensex tanks 721 points
Stock markets declined for the second day in a row on Friday (July 25, 2025), with the Sensex tumbling 721 points due to heavy selling in financial, IT and oil & gas shares amid persistent foreign fund outflows. The 30-share BSE Sensex tanked 721.08 points or 0.88 per cent to settle at over a month's low of 81,463.09. During the day, it plunged 786.48 points or 0.95 per cent to 81,397.69. The 50-share NSE Nifty dropped 225.10 points or 0.90 per cent to a month's low of 24,837. Analysts said a weak trend in Asian and European markets also dented investors' sentiment. Vinod Nair, Head of Research, Geojit Investments Limited, said, "Subdued corporate results and lacklustre global cues triggered a broad-based sell-off across domestic equities. Elevated valuations in large-cap stocks, coupled with significant net short positions held by FIIs, added to the downward pressure." Among Sensex firms, Bajaj Finance declined 4.73 per cent post its June quarter earnings announcement. Power Grid, Infosys, Tech Mahindra, Bajaj Finserv, Trent, Tata Motors, NTPC and Adani Ports were also among the laggards. However, Sun Pharma and Bharti Airtel emerged as gainers. Foreign Institutional Investors (FIIs) offloaded equities worth ₹2,133.69 crore on Thursday, according to exchange data. However, Domestic Institutional Investors (DIIs) bought stocks worth ₹2,617.14 crore. In Asian markets, Japan's Nikkei 225 index, Shanghai's SSE Composite index and Hong Kong's Hang Seng settled lower while South Korea's Kospi ended in positive territory.. European markets were trading lower. The U.S. markets ended on a mixed note on Thursday (July 24). India and the U.K. signed a landmark free trade agreement on Thursday, which, starting next year, will see 99 per cent of Indian exports enter the UK duty-free, while reducing tariffs on British products such as cars and whisky. The deal, which comes days ahead of the US moratorium on higher tariffs coming to an end, aims to double the USD 56 billion trade between the world's fifth and sixth largest economies by 2030. Global oil benchmark Brent crude climbed 0.32 per cent to USD 69.40 a barrel. On Thursday, the Sensex tanked 542.47 points or 0.66 per cent to settle at 82,184.17. The Nifty dropped 157.80 points or 0.63 per cent to 25,062.10.
Time of India
39 minutes ago
- Time of India
Stock market update: Nifty Realty index falls 0.99%
NEW DELHI: The Nifty Realty index closed on a negative note on Friday. Shares of Phoenix Mills Ltd.(up 5.38 per cent) and Anant Raj Ltd.(up 1.98 per cent) ended the day as top gainers in the pack. Explore courses from Top Institutes in Please select course: Select a Course Category Project Management Product Management Finance Design Thinking Management Degree Data Science Public Policy Data Science Cybersecurity MBA Data Analytics Digital Marketing CXO Others Leadership Operations Management others Skills you'll gain: Project Planning & Governance Agile Software Development Practices Project Management Tools & Software Techniques Scrum Framework Duration: 12 Weeks Indian School of Business Certificate Programme in IT Project Management Starts on Jun 20, 2024 Get Details Skills you'll gain: Portfolio Management Project Planning & Risk Analysis Strategic Project/Portfolio Selection Adaptive & Agile Project Management Duration: 6 Months IIT Delhi Certificate Programme in Project Management Starts on May 30, 2024 Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like This Man Revealing His Strategy To Earn Upto 3K-5K Daily Income thefutureuniversity Learn More On the other hand, Lodha Developers Ltd.(down 3.53 per cent), Godrej Properties Ltd.(down 3.41 per cent), Oberoi Realty Ltd.(down 2.9 per cent), Raymond Ltd.(down 2.28 per cent) and Prestige Estates Projects Ltd.(down 1.71 per cent) finished as the top losers of the day. The Nifty Realty index closed 0.99 per cent down at 950.6. Benchmark NSE Nifty50 index ended down 225.1 points at 24837.0, while the BSE Sensex stood down 721.08 points at 81463.09. Live Events Among the 50 stocks in the Nifty index, 7 ended in the green, while 43 closed in the red. Shares of Indian Energy Exchg, Vodafone Idea, Trident Ltd, YES Bank and RattanIndia Power were among the most traded shares on the NSE. Shares of Sharda Cropchem, Vimta Labs, Times Guaranty, Tatva Chintan Pharma Chem and Stallion India Fluor hit their fresh 52-week highs in today's trade, while Shalimar Paints, Stampede Cap, Shriram EPC(PP), Vipul Ltd and Raymond Realty hit their fresh 52-week lows.
Time of India
an hour ago
- Time of India
Rupee slides for third straight week as tariff deadline, Fed decision near
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The Indian rupee fell to a one-month low on Friday, and logged its third straight weekly decline, pressured by outflows from local stocks and caution among investors ahead of a news-heavy week dominated by tariffs and central bank rupee closed at 86.5150 against the U.S. dollar on Friday, down 0.4% on the week. The local currency hit a low of 86.6250 earlier in the session, its weakest level since June benchmark equity indexes, the BSE Sensex and Nifty 50, fell about 0.9% each, weighed down by a fall in global equities alongside worries over weak corporate earnings and a delayed U.S.-India trade deal Dollar sales from local private banks, likely on behalf of exporter clients, helped limit the rupee's losses, a trader at a Mumbai-based bank dollar index was up 0.2% at 97.7 while Asian currencies declined by as much as 0.7%.Next week is poised to be eventful, with trade talks between U.S. and China, monetary policy decisions from the U.S. Federal Reserve and Bank of Japan, the reciprocal tariff deadline , and key U.S. economic data expected to keep traders on their odds of a rate-cut by the Fed are near-zero but investors will keep an eye on commentary from the Fed Chair and whether the decision is unanimous."We maintain our view that the impact of tariffs will be transitory and that it will be appropriate for the FOMC to resume cutting interest rates gradually in September (by 25bp) with another 25bp cut in December," ANZ said in a Friday chances of a rate cut in September are currently around 60%, per CME's FedWatch rate cut expectations will also be in focus locally as cooling inflation has prompted calls for at least one more interest rate cut this year. The RBI slashed rates by 100 bps over the first half of the year.
