Nifty climbs above 24,450; VIX jumps 2.63%
Barring the Nifty consumer durables index, all the other sectoral indices on the NSE traded in green.
At 13:30 IST, the barometer index, the S&P BSE Sensex advanced 386.15 points or 0.48% to 80,243.94. The Nifty 50 index added 127.50 points or 0.52% to 24,490.75.
In the broader market, the S&P BSE Mid-Cap index rose 0.50% and the S&P BSE Small-Cap index added 0.09%.
The market breadth was positive. On the BSE, 2,061 shares rose and 1,994 shares fell. A total of 166 shares were unchanged.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, up 2.63% to 12.35.
Gainers & Losers:
Adani Enterprises (up 4.96%), Tata Motors (up 3.13%), State Bank of India (up 2.21%), Trent (up 2.07%) and Grasim Industries (up 1.80%) were the major Nifty50 gainers.
Hero MotoCorp (down 0.78%), ICICI Bank (down 0.78%), Bharat Electronics (down 0.34%), Bajaj Auto down 0.28%) and Bajaj Finserv (down 0.23%) were the major Nifty50 losers.
Stocks in Spotlight:
Tata Motors rallied 3.26%. The company reported a 62.7% decline in consolidated net profit to Rs 3,924 crore in Q1 FY26 compared with Rs 10,514 crore in Q1 FY25. Revenue from operations fell 2.5% YoY to Rs 1,03,792 crore in Q1 FY26, with performance impacted by volume decline in all businesses and a drop in profitability primarily at JLR.
Bajel Projects hit a lower circuit of 5% after the company reported consolidated net profit fell 46.37% to Rs 2.96 crore in Q1 FY26 as against Rs 5.52 crore posted in Q1 FY25. However, revenue from operations rose 18.91% YoY to Rs 601.36 crore in the quarter ended 30 June 2025.
Power Mech Projects advanced 2% after the company reported a 30.5% surge in consolidated net profit to Rs 80.55 crore, while revenue from operations rose 28.4% to Rs 1,293.41 crore in Q1 FY26 over Q1 FY25.
Yatra Online hit upper circuit of 20% after the company reported a consolidated net profit of Rs 16 crore in Q1 FY26, which is significantly higher as compared with PAT of Rs 4.04 crore recorded in Q1 FY25. Revenue from operations surged 108.1% YoY to Rs 209.81 crore in Q1 June 2025.
PG Electroplast tumbled 14.28% after the companys consolidated net profit fell 19.97% to Rs 66.98 crore in Q1 FY26 as against Rs 83.70 crore posted in Q1 FY25. Despite the fall in profit, revenue from operations rose 13.86% year-on-year (YoY) to Rs 1,503.85 crore for the quarter ended 30 June 2025.
Global Markets:
Most European stocks opened higher on Monday, starting the new week on a positive note as investors continued to assess the evolving global trade landscape.
Markets in Asia traded higher on Monday as investors awaited official announcement on changes to the August 12 deadline for the trade truce between the U.S. and China.
This week trade and geopolitics will take centre stage with the looming U.S. tariff deadline on China due to expire on Tuesday and markets are expecting that this will get extended again. Further, President Donald Trump and Russian leader Vladimir Putin are due to meet in Alaska on Friday to discuss Ukraine.
On Wall Street, the Nasdaq Composite ended last week at fresh closing highs, and the S&P 500 closed on the threshold of another milestone. The Dow also finished the week on a high note. A rally in Apple which has been a significant laggard this year helped bolster the market.
The Dow Jones Industrial Average rose 206.97 points, or 0.47%, to 44,175.61, the S&P 500 gained 49.45 points, or 0.78%, to 6,389.45 and the Nasdaq Composite gained 207.32 points, or 0.98%, to 21,450.02.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
8 minutes ago
- Time of India
Breaking news live updates, August 12: Rahul Gandhi lauds INDA bloc MPs for support in 'movement against vote theft'
00:17 (IST) Aug 12 US stocks are drifting around their record heights on Monday as Wall Street waits for an upcoming update on inflation. The S&P 500 fell 0.1% and is just below its all-time high set two weeks ago. The Dow Jones Industrial Average was down 171 points, or 0.4%, as of 2:30 p.m. Eastern time, and the Nasdaq composite fell 0.1%, coming off its own record. The highlight of this week for Wall Street is likely to arrive on Tuesday, when the government will report how bad inflation was across the country in July. Economists expect it to show U.S. consumers had to pay prices for groceries, gasoline and other costs of living that were 2.8% higher in July from a year earlier, a slight acceleration from June's 2.7% inflation. Inflation has remained above 2%, even if it has improved substantially from its peak above 9% three years ago. And the worry is that President Donald Trump's tariffs could push it higher. That in turn is raising fears about a potential, worst-case scenario called 'stagflation' where the economy stagnates but inflation remains high. The Federal Reserve has no good tool to fix both at once, and it would need to concentrate on either the job market or inflation first. But helping one of those areas by moving interest rates would likely hurt the other. A top Fed official, Michelle Bowman, said on Saturday that she believes the job market is the bigger concern. She is still backing three cuts to interest rates by the Fed this year following this month's stunning, weaker-than-expected report on the U.S. job market. Trump himself has also been angrily calling for cuts to interest rates to support the economy. Other Fed officials, led by Chair Jerome Powell, are more hesitant. Powell has said he wants to wait for more data about how Trump's tariffs are affecting inflation before the Fed makes its next move, and Tuesday's update on the consumer price index may offer a big clue about that. Strategists at Stifel are warning that stagflation may already be on the way, with spending by U.S. consumers slowing, and they warn that it could cause the U.S. economy to slow to a crawl by the second half of the year. That in turn could create a reckoning for investors after they sent stock prices soaring to records from their low point in April. 'Rate cuts cannot save an overvalued S&P 500,' according to the strategists, led by Thomas Carroll and Barry Bannister. One way companies can make their stock prices appear less expensive is to deliver bigger profits. Micron Technology climbed 3% Monday after raising its forecasts for profit and revenue in the current quarter, which will end later this month. The maker of memory for computers said it's benefiting from higher prices for its products. AMC Entertainment rose 2.9% to shave its loss for the year so far, which came into the day at 26.4% after it reported better results for the spring than analysts expected. The theater chain said moviegoers paid more for their tickets per person than ever before, while also spending more on food and drinks. TKO Group Holdings climbed 8.2% after reaching a deal to distribute the full slate of its 13 marquee UFC numbered events, along with 30 'Fight Nights' on the Paramount+ streaming platform. Paramount Skydance's stock fell 1.6%. Nvidia and Advanced Micro Devices advanced after a U.S. government official confirmed that the two agreed to share 15% of their revenues from chip sales to China with the U.S. government. The two had said in July that Washington would allow them to resume sales of their advanced H20 and MI308 chips, which are used in artificial intelligence development, in China but didn't reveal the 15% cut. Nvidia added 0.2%, and AMD climbed 0.7%. On the losing side of Wall Street was after the AI application software company warned it may report an operating loss as large as $124.9 million for its first quarter. CEO Thomas Siebel called the first-quarter sales results 'completely unacceptable,' and its stock tumbled 25%. In stock markets abroad, indexes were mixed amid mostly modest movements across Europe and Asia. In the bond market, the yield on the 10-year Treasury held at 4.27%, where it was late Friday.
New Indian Express
8 minutes ago
- New Indian Express
Parliament panel slams govt for keeping MGNREGS funding static at Rs 86,000 crore since 2023–24
NEW DELHI: A parliamentary panel on Monday criticised the government for not increasing the allocation under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), expressing concern that funding has remained static at Rs 86,000 crore since the revised estimates of 2023–24. In a report tabled in Parliament, the Department-Related Parliamentary Committee on Rural Development and Panchayati Raj stressed that the effective implementation of the scheme hinges on 'timely and adequate' funding. 'The Committee is concerned to note that the allocation has remained unchanged since the 2023–24 revised estimates,' the report stated. It added that given MGNREGS's role in providing employment to rural and marginalised communities, consistent funding is essential for uninterrupted implementation. The panel questioned the government's rationale behind the stagnation in allocations, particularly for a demand-driven scheme like MGNREGS. It reiterated its earlier recommendation to reassess funding needs and raise allocations at the revised estimate stage if necessary. In its response, the Department of Rural Development (DoRD) maintained that fund disbursal is a 'continuous and demand-driven process,' and assured that the Centre remains committed to ensuring timely fund availability in coordination with the Ministry of Finance. The committee, however, dismissed the reply as 'stereotypical' and lacking seriousness, noting it merely outlined procedural aspects without addressing the core funding concerns. 'The Committee feels an immediate need for greater coordination between the DoRD and Ministry of Finance to ensure seamless implementation,' the report said. It reaffirmed its call for increased allocation to meet the scheme's objectives. According to budget data, Rs 89,153.71 crore was spent on MGNREGS in 2023–24. However, allocations for 2024–25 and 2025–26 remained fixed at Rs 86,000 crore each.
NDTV
8 minutes ago
- NDTV
Delhi To Organise It's First Industrial Ideathon, 652 Student Teams To Participate
Delhi's Industrial Ideathon 2025: The race to solve Delhi's toughest industrial problems has officially begun and the city's students are all in. In a first-of-its-kind Industrial Ideathon, a staggering 652 teams from top universities have signed up to take on challenges that range from untangling last mile logistics to helping small industries embrace Industry 4.0 technology. The contest, organised by the Delhi State Industrial and Infrastructure Development Corporation (DSIIDC) in partnership with Netaji Subhash University of Technology (NSUT), has prizes worth Rs. 40 lakh on the line, but the real draw is the chance to pitch ideas directly to the people who shape policy and business in the capital. On August 13, NSUT will turn into an innovation war room as 124 shortlisted teams step into an intense eight-hour challenge. They'll tackle live problem statements, streamlining supply chains, making it easier to do business, integrating cutting-edge tech into small units, and helping MSMEs access finance and markets. The best 40 will earn a spot in the grand finale on August 22. Industries Minister Manjinder Singh Sirsa says the massive turnout proves young Delhiites are ready to get their hands dirty solving real problems. "This overwhelming participation is proof that Delhi's youth want to be part of shaping our industrial future. They're ready to solve the real-world problems our businesses face every day," he said. Sirsa calls the initiative a bridge between classrooms, factory floors and government offices. "Students get to work on live problems with measurable impact, while policymakers gain fresh, actionable ideas straight from the country's brightest young minds. This is policy by participation in its truest form," he said. With over one lakh impressions on the official portal and more than 2,000 sign-ups during registration, the ideathon is already making waves beyond campus walls. All participants will get certificates, while winners will be felicitated by senior dignitaries at the closing ceremony. If the excitement around this debut edition is any indicator, Delhi's industrial policy may soon carry the fingerprints of its youngest problem-solvers. Students may visit for updates.
