Indian equity benchmarks inch higher led by SBI, Grasim Industries
The Nifty 50 (.NSEI), opens new tab rose 0.3% to 24,436.8 points and the BSE Sensex (.BSESN), opens new tab gained 0.31% to 80,108.2 as of 10:30 a.m. IST.
Fourteen of the 16 major sectors logged gains. Public sectors banks (.NIFTYPSU), opens new tab rose 2%, led by a 2.2% rise in State Bank of India (SBI.NS), opens new tab.
The country's largest lender by assets posted a 12.5% year-on-year profit rise, driven by stronger non-lending income.
Grasim Industries (GRAS.NS), opens new tab jumped 2.2% after reporting better-than-expected earnings, with Jefferies and Morgan Stanley raising price targets citing strength in its chemicals business.
The broader, small-caps (.NIFSMCP100), opens new tab and mid-caps (.NIFMDCP100), opens new tab gained 0.2% and 0.4%, respectively.
The Nifty and Sensex (.BSESN), opens new tab shed nearly 1% last week, posting their longest weekly losing streak in five years, as U.S. tariffs and muted earnings weighed.
U.S. President Donald Trump imposed a 50% tariff on goods from India, half of which has already come into effect, while the additional 25%, a punitive tariff for buying Russian oil, will be effective from August 28.
Markets are eyeing Trump's August 15 meeting in Alaska with Russian President Vladimir Putin, aimed at negotiating an end to the Ukraine war.
"Momentum is still skewed to the downside", said Santosh Meena, head of research at Swastika Investmart, referring to the uncertainty over the U.S. trade negotiations.
"But the recent slide could trigger a technical rebound, though trade updates will ultimately call the shots."
Among individual stocks, Voltas (VOLT.NS), opens new tab fell 7% after missing June quarter profit estimates as early monsoons hit demand for residential cooling products.
Travel-related services provider Yatra Online (YATR.NS), opens new tab surged 19.5% after posting a four-fold year-on-year jump in quarterly profit.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Finextra
19 minutes ago
- Finextra
Ryt Bank taps Episode Six to power cards infrastructure
Ryt Bank, the world's first AI-powered bank, today announced its partnership with Episode Six, a leading global technology provider of enterprise-grade card issuing and ledger infrastructure. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Through this partnership, Episode Six will serve as the technology powering all card transactions at Ryt Bank — enabling secure, scalable, and flexible banking for the next generation of Malaysians. Ryt Bank is built from the ground up with a digital-first approach. Led by YTL Digital Capital Sdn Bhd, with Sea Limited as a shareholder, the bank is rethinking how financial services should look and feel by blending innovation, simplicity, and trust. With Episode Six's advanced infrastructure, Ryt Bank can deliver instant card issuance, real-time authorizations and personalized spend controls. All within one seamless platform. Episode Six delivers the speed, flexibility, and control required to power a truly modern banking experience. More than just supporting card transactions, Episode Six's technology enables Ryt Bank to build around customers' evolving needs — making it possible to create seamless, future-ready financial solutions. Episode Six's platform enables full customization of card features, without the limitations of legacy systems. Already trusted in over 45 countries, the platform ensures that Ryt Bank can scale quickly while maintaining operational excellence. 'We're proud to be the technology powering Ryt Bank's cards infrastructure,' said John Mitchell, CEO and Co-Founder of Episode Six. 'Ryt Bank's bold vision aligns with our commitment to helping digital-first banks move faster, serve better, and lead confidently in a dynamic market.' This partnership also strengthens Episode Six's regional footprint in Southeast Asia as the company continues enabling digital financial institutions with the tools to deliver real-time, future-proof financial services.
Leader Live
20 minutes ago
- Leader Live
King to tell nation sacrifices of VJ Day heroes ‘shall never be forgotten'
In an audio message to the nation, realms and Commonwealth, Charles will reflect on the horrors experienced by prisoners of war and innocent civilians of occupied lands in the region 'whose suffering reminds us that war's true cost extends beyond battlefields, touching every aspect of life'. VJ Day on August 15 marks the anniversary of Japan's surrender to the Allies following the atomic bombings of Hiroshima and Nagasaki in 1945, effectively ending the Second World War. The six-minute speech, recorded earlier this month in the Morning Room at Clarence House, echoes and references the historic audio broadcast made by Charles's grandfather King George VI. The monarch will describe how the heroes of VJ Day 'gave us more than freedom; they left us the example of how it can and must be protected', with victory made possible by close collaboration between nations 'across vast distances, faiths and cultural divides'. Charles will say this demonstrated how 'in times of war and in times of peace, the greatest weapons of all are not the arms you bear but the arms you link'. The service and sacrifice of veterans and those who lost their lives fighting in the conflict 'shall never be forgotten', he will say. The message will be released at 7.30am on Friday ahead of a service of remembrance attended by the King and Queen, Second World War veterans and Prime Minister Sir Keir Starmer at the National Memorial Arboretum in Staffordshire. Charles was pictured looking serious with his hands clasped as he sat at his desk at his London residence Clarence House, with a microphone angled towards him, as he prepared to read his address. Friday's televised service, broadcast live by the BBC, will pay tribute to all those who served in the Asia-Pacific theatre, including Burma Star recipients, British Indian Army veterans, former prisoners of war, and those who fought in pivotal battles including Kohima and Imphal in India. The event, hosted by the Royal British Legion in partnership with the Government, will see the King and his wife leave floral tributes, as will other senior figures. A national two-minute silence will conclude with an aerial display by the Red Arrows and the service will draw to a close with a flypast by the Battle of Britain Memorial Flight, before the King and Queen attend a reception with Second World War veterans.
North Wales Chronicle
20 minutes ago
- North Wales Chronicle
King to tell nation sacrifices of VJ Day heroes ‘shall never be forgotten'
In an audio message to the nation, realms and Commonwealth, Charles will reflect on the horrors experienced by prisoners of war and innocent civilians of occupied lands in the region 'whose suffering reminds us that war's true cost extends beyond battlefields, touching every aspect of life'. VJ Day on August 15 marks the anniversary of Japan's surrender to the Allies following the atomic bombings of Hiroshima and Nagasaki in 1945, effectively ending the Second World War. The six-minute speech, recorded earlier this month in the Morning Room at Clarence House, echoes and references the historic audio broadcast made by Charles's grandfather King George VI. The monarch will describe how the heroes of VJ Day 'gave us more than freedom; they left us the example of how it can and must be protected', with victory made possible by close collaboration between nations 'across vast distances, faiths and cultural divides'. Charles will say this demonstrated how 'in times of war and in times of peace, the greatest weapons of all are not the arms you bear but the arms you link'. The service and sacrifice of veterans and those who lost their lives fighting in the conflict 'shall never be forgotten', he will say. The message will be released at 7.30am on Friday ahead of a service of remembrance attended by the King and Queen, Second World War veterans and Prime Minister Sir Keir Starmer at the National Memorial Arboretum in Staffordshire. Charles was pictured looking serious with his hands clasped as he sat at his desk at his London residence Clarence House, with a microphone angled towards him, as he prepared to read his address. Friday's televised service, broadcast live by the BBC, will pay tribute to all those who served in the Asia-Pacific theatre, including Burma Star recipients, British Indian Army veterans, former prisoners of war, and those who fought in pivotal battles including Kohima and Imphal in India. The event, hosted by the Royal British Legion in partnership with the Government, will see the King and his wife leave floral tributes, as will other senior figures. A national two-minute silence will conclude with an aerial display by the Red Arrows and the service will draw to a close with a flypast by the Battle of Britain Memorial Flight, before the King and Queen attend a reception with Second World War veterans.
