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Business Standard
7 hours ago
- Business
- Business Standard
Market rebounds after three-day slump; Nifty ends above 24,800
The headline equity indices snapped a three-day losing streak to end higher today, supported by value buying in blue-chip stocks. This renewed optimism helped offset concerns about persistent foreign fund outflows and the delay in a potential trade pact with the United States. The Nifty comfortably reclaimed the 24,800 level, while all NSE sectoral indices ended in the green, led by realty, pharma, and healthcare counters. The S&P BSE Sensex advanced 446.93 points or 0.55% to 81,337.95. The Nifty 50 index gained 140.20 points or 0.57% to 24,821.10. This rally comes after three straight sessions of declines, during which the Sensex had dropped 2.21% and the Nifty had slipped 2.13%. Reliance Industries (up 2.21%), Larsen & Tourbo (up 2.13%) and HDFC Bank (up 0.71%) were major Nifty movers. Broader markets outshone the benchmarks, with the S&P BSE Mid-Cap index rising 0.84% and the S&P BSE Small-Cap index surging 1.10%. Market breadth remained firmly positive, with 2,482 stocks advancing and 1,521 declining on the BSE, while 154 shares closed unchanged. Volatility cooled off as the NSEs India VIX slipped 4.45% to 11.53, indicating a more confident undertone in the near term. Numbers to Track: The yield on India's 10-year benchmark federal paper rose 0.14% to 6.382 from the previous close of 6.374. In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 86.8000 compared with its close of 86.7025 during the previous trading session. MCX Gold futures for 5 August 2025 settlement rose 0.36% to Rs 97,895. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.08% to 98.75. The United States 10-year bond yield declined 0.90% to 4.402. In the commodities market, Brent crude for September 2025 settlement rose 32 cent or 0.46% to $70.36 a barrel. Global Markets: European stocks climbed on Tuesday as investors steadily absorbed the implications of the latest US-EU trade agreement, alongside a wave of corporate earnings reports. Asian shares ended mixed as investors awaited the outcome of the ongoing U.S.-China trade talks. Investors also awaited the result of the U.S. Federal Reserve meeting due Wednesday stateside, where it will make a decision on whether to cut interest rates. On Monday, President Donald Trump announced that a global blanket tariff would likely fall between 15% to 20%. This would affect imports from countries that have not yet negotiated separate trade agreements with the United Statements. Trump had previously announced that baseline tariffs would be just 10%. The presidents tariffs are expected to go into place on August 1. On Wall Street, the S&P 500 closed near the flatline on Monday, with the latest trade deal between the U.S. and EU failing to spark a fresh rally. The broad market index inched up 0.02% to close at 6,389.77, while the Nasdaq Composite gained 0.33% to 21,178.58. The Dow Jones Industrial Average slipped 64.36 points, or 0.14%, to finish the session at 44,837.56. Stocks in Spotlight: Asian Paints advanced 1.81% after the companys consolidated net profit jumped 58.9% to Rs 1,099.77 crore on 6.93% increase in revenue from operations to Rs 8,938.55 crore in Q1 FY26 over Q4 FY25. Indusind Bank added 1.48%. The company reported a 68.21% decline in standalone net profit to Rs 684.25 crore on 3.79% fall in total income to Rs 14,420.12 crore in Q1 FY26 over Q1 FY25. Net interest income (NII) tumbled 17.53% to Rs 4,460 in Q1 FY26 compared with Rs 5,408 crore posted in same quarter last year. Net interest margin (NIM) stood at Rs 3.46% in Q1 FY26 as against 4.25% in Q1 FY25. Amber Enterprises India rallied 4.51% after the companys consolidated jumped 41.82% to Rs 105.97 crore on 43.64% increase in revenue from operations to Rs 3,449.13 crore in Q1 FY26 over Q1 FY25. Mazagon Dock Shipbuilders declined 2.51% after the companys consolidated net profit declined 35% to Rs 452.15 crore despite of 11.4% jump in revenue from operations to Rs 2,625.59 crore in Q1 FY26 over Q1 FY25. SBI Cards and Payment Services (SBI Card) fell 1.91% after the company reported a 6% year-on-year decline in net profit to Rs 556 crore in Q1 FY25, weighed down by rising impairments and operating costs. Despite the drop in profitability, the company's total income rose 12% to Rs 5,035 crore, compared to Rs 4,483 crore in the same period last year. Varun Beverages rallied 5.25% after the company reported 5% increase in consolidated net profit to Rs 1,325.49 crore in Q2 CY2025 from Rs 1,261.83 crore in Q2 CY2024. Net revenue from operations decreased by 2.5% YoY to Rs 7,017.37 crore in Q2 CY2025. NTPC Green Energy shed 1%. The companys consolidated net profit dropped 5.46% to Rs 220.48 crore on a 9.31% rise in revenue to Rs 680.21 crore in Q1 FY26 over Q4 FY25. Arvind Fashions surged 8.06% after the apparel and retail player reported a net profit (PAT) of Rs 13 crore in Q1 FY26, a nearly tenfold jump compared to Rs 1 crore in the same quarter last year. Revenues grew 16% year-on-year to Rs 1,107 crore, up from Rs 955 crore in Q1 FY25, supported by strong traction across channels. Paradeep Phosphates soared 8.56% after the company's consolidated net profit stood at Rs 255.85 crore in Q1 FY26, up 4,655.57% from Rs 5.38 crore in Q1 FY25. Revenue from operations jumped 57.90% year on year (YoY) to Rs 3,754.06 crore in Q1 FY26. Torrent Pharmaceuticals rallied 4.22% after the pharma major reported a net profit of Rs 548 crore, marking a 20% year-on-year increase, driven by resilient revenues and steady margins. Revenue for the quarter stood at Rs 3,178 crore, an 11% rise over Q1 FY25, supported by improved operational leverage. Waaree Energies advanced 2.01% after the companys consolidated net profit jumped 89.1% to Rs 745.20 crore on 29.8% increase in revenue from operations to Rs 4,425.83 crore in Q1 FY26 over Q1 FY25. Torrent Pharmaceuticals jumped 4.22% after the pharma major reported a net profit of Rs 548 crore, marking a 20% year-on-year increase, driven by resilient revenues and steady margins. Revenue for the quarter stood at Rs 3,178 crore, an 11% rise over Q1 FY25, supported by improved operational leverage. A foreign brokerage firm raised its price target on the stock to Rs 4,380 from Rs 4,000, citing the quarter as "healthy and in-line," with "solid traction across geographies." Craftsman Automation gained 3.74% after its consolidated net profit jumped 30.85% to Rs 69.6 crore in Q1 FY26, as against Rs 53.19 crore in Q1 FY25. Revenue from operations jumped 54.97% year on year to Rs 1,784 crore in Q1 FY26. Go Digit General Insurance rose 4.68%. Net profit for the quarter jumped 36.6% year-on-year to Rs 138 crore, up from Rs 101 crore in Q1 FY25. Profit before tax saw an even sharper rise, up 59.4% to Rs 161 crore. The company's gross written premium rose 12.1% YoY to Rs 2,982 crore. Excluding the 1/n accounting method, gross written premium for Q1 FY26 was 3,046 crore, reflecting a 14.5% increase YoY. IIFL Capital Services surged 12.55%. The company's net profit came in at Rs 175.5 crore in Q1 FY26, registering a 37% jump from Q4 March 2025. Total income rose 19% quarter-on-quarter to Rs 680.4 crore, buoyed by a 15% increase in revenue from operations to Rs 617.4 crore and a sharp 73% jump in other income to Rs 63 crore. IPO Update: Shanti Gold International's IPO received bids for 1,02,04,58,850 shares as against 1,26,67,200 shares on offer, according to stock exchange data at 16:45 IST on Tuesday (29 July 2025). The issue was subscribed 80.56 times. Aditya Infotech's IPO received bids for 2,24,39,956 shares as against 1,12,23,759 shares on offer, according to stock exchange data at 16:45 IST on Tuesday (29 July 2025). The issue was subscribed 2 times. Laxmi India Finance's IPO received bids for 41,68,242 shares as against 1,13,12,816 shares on offer, according to stock exchange data at 16:45 IST on Tuesday (29 July 2025). The issue was subscribed 0.37 times.
Business Standard
8 hours ago
- Business
- Business Standard
Indices trade with decent gains; realty shares advance
The domestic equity benchmarks traded with modest gains in mid-afternoon trade. Investors are closely tracking the ongoing earnings season, tariff situation and developments in the India-US trade deal. The Nifty surged above the 24,800 level. Realty shares advanced after declining in the past five consecutive trading sessions. At 14:29 IST, the barometer index, the S&P BSE Sensex jumped 406.81 points or 0.50% to 81,295.84. The Nifty 50 index advanced 143.55 points or 0.58% to 24,824. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index added 0.75% and the S&P BSE Small-Cap index rose 0.93%. The market breadth was positive. On the BSE, 2,066 shares rose and 1,787 shares fell. A total of 180 shares were unchanged. Buzzing Index: The Nifty Realty index rose 1.55% to 926.05. The index slumped 9.37% in the past five consecutive trading sessions. Lodha Developers (up 3.31%), Oberoi Realty (up 2.69%), Godrej Properties (up 1.98%), DLF (up 1.81%), Anant Raj (up 1.69%) and Prestige Estates Projects (up 1.31%) advanced. On the other hand, Sobha (down 2.58%), Brigade Enterprises (down 0.74%) and Phoenix Mills (down 0.31%) edged lower. Numbers to Track: The yield on India's 10-year benchmark federal paper rose 0.08% to 6.379 from the previous close of 6.374. In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 86.8650 compared with its close of 86.7025 during the previous trading session. MCX Gold futures for 5 August 2025 settlement rose 0.50% to Rs 98,050. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.20% to 98.58. The United States 10-year bond yield declined 0.56% to 4.417. In the commodities market, Brent crude for September 2025 settlement rose 42 cent or 0.61% to $69.74 a barrel.
Business Standard
12 hours ago
- Business
- Business Standard
Nifty slides below 24,650; IT shares extent losses for 4th day
The domestic equity benchmarks traded with moderate losses in the morning trade as investors closely tracking corporate earnings and the delay in trade talks between India and the U.S. The Nifty traded below the 24,650 mark. IT shares witnessed selling pressure for the fourth consecutive trading session. At 10:30 IST, the barometer index, the S&P BSE Sensex declined 192.04 points or 0.24% to 80,740.95. The Nifty 50 index lost 48.80 points or 0.20% to 24,633.70. In the broader market, the S&P BSE Mid-Cap index added 0.05% and the S&P BSE Small-Cap index slipped 0.07%. The market breadth was positive. On the BSE, 1,839 shares rose and 1,653 shares fell. A total of 209 shares were unchanged. Result today: Amber Enterprises India (down 0.22%), Larsen & Toubro (up 0.13%), Asian Paints (down 0.08%), Allied Blenders and Distillers (down 0.49%), Varun Beverages (up 1.02%), Welspun Corp (up 1.61%), NTPC (down 0.50%), ASK Automotive (down 0.18%), Bank of India (down 0.40%), Blue Dart Express (down 0.14%), Craftsman Automation (down 0.29%), Dilip Buildcon (up 0.43%), Deepak Fertilizers & Petrochemicals Corporation (down 4.95%), Gabriel India (down 0.24%), Strides Pharma (down 2.18%), Gateway Distriparks (down 0.45%), GMR Airports (up 0.50%), Greenply Industries (down 0.94%), GE Vernova T&D India (up 0.64%) and Happiest Minds Technologies (down 0.53%) will declare their quarterly result later today. Buzzing Index: The Nifty IT index slipped 0.45% to 35,212.60. The index slumped 4.70% in four consecutive trading sessions. Infosys (down 0.72%), Tata Consultancy Services (down 0.54%), Oracle Financial Services Software (down 0.48%), Coforge (down 0.39%), Wipro (down 0.34%), LTIMindtree (down 0.22%) and Tech Mahindra (down 0.18%) declined. On the other hand, HCL Technologies (up 0.48%), Persistent Systems (up 0.37%) and Mphasis (up 0.13%) edged higher. Stocks in Spotlight: IndusInd Bank added 0.80%. The company reported a 68.21% decline in standalone net profit to Rs 684.25 crore on a 3.79% fall in total income to Rs 14,420.12 crore in Q1 FY26 over Q1 FY25. Adani Green Energy added 0.66%. The companys consolidated net profit jumped 59.87% to Rs 713 crore on a 35.9% increase in revenue from operations to Rs 3,741 crore in Q1 FY26 over Q1 FY25.
Business Standard
14 hours ago
- Business
- Business Standard
Market trades sideways in early trade; Nifty trades above 24,700
The key equity indices traded sideways in early trade as investors closely tracking corporate earnings and the delay in trade talks between India and the U.S. The Nifty traded above the 24,700 level. Realty, metal and auto shares advanced while IT, financial services & consumer durables stocks corrected. At 09:30 IST, the barometer index, the S&P BSE Sensex declined 22.37 points or 0.03% to 80,913.39. The Nifty 50 index added 21.25 points or 0.04% to 24,702.25. In the broader market, the S&P BSE Mid-Cap index rallied 0.27% and the S&P BSE Small-Cap index added 0.12%. The market breadth was negative. On the BSE 1,337 shares rose and 1,402 shares fell. A total of 166 shares were unchanged. Foreign portfolio investors (FPIs) sold shares worth Rs 6,082.47 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 6,764.55 crore in the Indian equity market on 28 July 2025, provisional data showed. Stocks in Spotlight: Bajaj Healthcare dropped 5.69%. The companys standalone jumped 51.7% to Rs 12.17 crore on 12.5% increase in net sales to Rs 148.84 crore in Q1 FY26 over Q1 FY25. Quess Corp reported rallied 3.04% after the company reported a 3.75% jump in consolidated net profit to Rs 50.90 crore on 1.8% increase in revenue from operations to Rs 3651.41 crore in Q1 FY26 over Q1 FY25. Waaree Energies jumped 5.02% after the companys consolidated net profit jumped 89.1% to Rs 745.20 crore in Q1 FY26, compared with Rs 394.14 crore in Q1 FY25. Net sales increased 29.8% YoY to Rs 4425.83 crore in Q1 June 2025. Numbers to Track: The yield on India's 10-year benchmark federal paper shed 0.02% to 6.372 from the previous close of 6.374. In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 86.8125 compared with its close of 86.7025 during the previous trading session. MCX Gold futures for 5 August 2025 settlement rose 0.10% to Rs 97,643. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.05% to 98.44. The United States 10-year bond yield fell 0.86% to 4.404. In the commodities market, Brent crude for August 2025 settlement gained 03 cents or 0.04% to $70.07 a barrel. Global Markets: Markets in Asia traded in the red as investors awaited the outcome of the ongoing U.S.-China trade talks. Investors also await the result of the U.S. Federal Reserve meeting due Wednesday stateside, where it will make a decision on whether to cut interest rates. On Monday, President Donald Trump announced that a global blanket tariff would likely fall between 15% to 20%. This would affect imports from countries that have not yet negotiated separate trade agreements with the United Statements. Trump had previously announced that baseline tariffs would be just 10%. The presidents tariffs are expected to go into place on August 1. On Wall Street, the S&P 500 closed near the flatline on Monday, with the latest trade deal between the U.S. and EU failing to spark a fresh rally. The broad market index inched up 0.02% to close at 6,389.77, while the Nasdaq Composite gained 0.33% to 21,178.58. The Dow Jones Industrial Average slipped 64.36 points, or 0.14%, to finish the session at 44,837.56.
Business Standard
4 days ago
- Business
- Business Standard
Nifty trades below 25,850 mark; PSU bank shares slides
The key equity indices traded with major losses in the mid- afternoon trade. The Nifty traded below the 25,850 mark. PSU bank shares declined after advancing for previous two trading session. At 14:30 IST, the barometer index, the S&P BSE Sensex, tanked 707.11 points or 0.86% to 81,474.82. The Nifty 50 index declined 216 points or 0.86% to 24,846.10. The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index fell 1.37% and the S&P BSE Small-Cap index tanked 1.75%. The overall market breadth was weak, with more stocks declining than advancing. On the BSE, 1,030 stocks advanced, 2,895 declined, and 163 remained unchanged. Buzzing Index: The Nifty PSU bank index fell 1.55% to 7,014.10. The index rose 0.11% in the previous two trading sessions. Union Bank of India (down 5.6%), Indian Bank (down 2.5%), Punjab & Sind Bank (down 1.94%), Canara Bank (down 1.91%) and Central Bank of India (down 1.7%), Punjab National Bank (down 1.52%), UCO Bank (down 1.46%), Indian Overseas Bank (down 1.28%), Bank of Baroda (down 1.12%) and Bank of India (down 1.02%) declined. Numbers to Track: The yield on India's 10-year benchmark federal paper rose 0.28% to 6.347 from the previous close of 6.329. In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 86.5800 compared with its close of 86.4000 during the previous trading session. MCX Gold futures for 5 August 2025 settlement shed 0.42% to Rs 98,309. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.11% to 97.60. The United States 10-year bond yield rose 0.16% to 4.415. In the commodities market, Brent crude for September 2025 settlement rose 50 cent or 0.72% to $69.68 a barrel. Stocks in Spotlight: KFin Technologies declined 4.96% after the companys consolidated net profit dropped 9.16% to Rs 77.26 crore on a 3.06% rise in revenue to Rs 274.06 crore in Q1 FY26 over Q4 FY25. JSW Energy fell 2.23%. The company said that its wholly owned subsidiary JSW Neo Energy has signed a power purchase agreement (PPA) with the Solar Energy Corporation of India (SECI) under the SECI FDRE Tranche IV scheme.
