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Business Standard
16 hours ago
- Business
- Business Standard
Sensex, Nifty trade near flat line, European mrkt decline
The key equity benchmark traded with minor gains in afternoon trade, with investors eyeing the India-US trade deal and the US Feds policy decision. The Nifty traded above the 24,800 level. Auto, realty and media shares declined while IT, FMCG and oil & gas shares advanced. At 13:25 IST, the barometer index, the S&P BSE Sensex advanced 93.44 points or 0.12% to 81,426.06. The Nifty 50 index gained 16.20 points or 0.07% to 24,839.20. In the broader market, the S&P BSE Mid-Cap index rose 0.06% and the S&P BSE Small-Cap index added 0.20%. The market breadth was positive. On the BSE, 1,997 shares rose and 1,893 shares fell. A total of 173 shares were unchanged. Economy: The IMF has revised India's economic growth forecast upward to 6.4% for both 2025 and 2026, reaffirming its position as the world's fastest-growing major economy. Globally, growth is projected at 3.0% and 3.1% for the same years, driven by factors like lower tariffs and a weaker US dollar. Gainers & Losers: Larsen & Toubro (L&T) (up 4.69%), NTPC (up 1.75%), Tata Consumer Products (up 1.64%), Grasim Industries (up 1.50%) and Sun Pharmaceuticals Industries (up 1.37%) were the major Nifty50 gainers. Tata Motors (down 3.33%), Hero Motocorp (down 2.12%), Shriram Finance (down 1.40%), Indusind Bank (down 1.27%) and Mahindra & Mahindra (M&M)(down 1.13%) were the major Nifty50 losers. Larsen & Toubro (L&T) jumped 4.69% after the company reported 30% jump in consolidated net profit to Rs 3,617.19 crore on a 16% rise in revenue to Rs 63,678.92 crore in Q1 FY26 as compared with Q1 FY25. NTPC rose 1.75% after the company reported a 9.80% increase in consolidated net profit to Rs 6,010.60 crore on a 3.2% drop in net sales to Rs 47,065.36 crore in Q1 FY26 over Q1 FY25. Stocks in Spotlight: Allied Blenders and Distillers rose 1.61% after the companys consolidated net profit stood at Rs 56 crore in Q1 FY26, marking a 398.6% increase compared to Rs 11 crore in Q1 FY25. Revenue from operations (excluding excise duty) increased by 21.80% year-on-year (YoY) to Rs 922.86 crore in Q1 FY26. GE Vernova T&D India hit an upper circuit of 5% at Rs 2,604.25 after the companys standalone net profit surged 116.44% to Rs 291.20 on 38.8% increase in revenue from operations to Rs 1,330.13 crore in Q1 FY26 over Q1 FY25. Bank of India added 2.54%after the companys standalone net profit climbed 32.3% to Rs 2,252.12 crore on 12.5% increase in total income to Rs 20,518.29 crore in Q1 FY26 over Q1 FY25. Time Technoplast rose 3.53% after the company announced that its board will meet on 11 August 2025 to consider a bonus share issue. Global Markets: Most European market declined as investors awaiting key regional growth data and the outcome of the US FED meeting. Markets in Asia traded in a mixed on Wednesday as market sentiment remained restrained, with participants weighing the potential impact of renewed trade tensions and the US Feds stance on future interest rate poicy announcements. As U.S. President Donald Trumps deadline to strike a deal and avoid the Liberation Day tariffs approaches, trade negotiations with some countries appear likely to continue until the last possible moment before the August 1 cutoff date. The U.S. Commerce Secretary was quoted by the media saying that President Donald Trumps upcoming Friday deadline to impose major tariffs on a slew of trading partners will not be delayed further. However, the trade negotiations with China are progressing on a separate timeline, the report added. The US Federal Reserve is expected to leave interest rates unchanged at its policy meeting later on Wednesday, though it could see a rare dissent by some central bank officials in favour of lower borrowing costs. Crude prices rose sharply earlier this week as the U.S. threatened to sanction major buyers of Russian oil, to pressure Moscow into ending its conflict with Ukraine. Signs of progress in U.S. trade relations, after a deal was struck with the European Union, also aided oil markets. However, oils rally saw some profit booking emerge steam after industry data revealed an unexpected rise in U.S. crude inventories. The Crude Oil futures were currently down 2 cents or 0.05% to $69.19 per barrel. Data from the American Petroleum Institute, released on Tuesday evening, showed U.S. oil inventories grew about 1.5 million barrels (mb) in the week to July 25. This build contrasted the widely reported market expectations for a 2.5 mb draw, and also marked a reversal from a small draw in the prior week. Stocks on Wall Street closed lower on Tuesday, as investors turn their attention to the Federal Reserves interest rate decision. The S&P 500 slipped 0.30% to close at 6,370.86, while the Nasdaq Composite lost 0.38% to 21,098.29. The Dow Jones Industrial Average slipped 204.57 points, or 0.46%, to finish the session at 44,632.99.
Business Standard
19 hours ago
- Business
- Business Standard
Barometers trades with decent gains; IT shares rally
The domestic indices traded with moderate gains in mid-morning trade. The Nifty traded above the 24,850 mark. IT shares extended gains for the second consecutive trading session. At 11:40 IST, the barometer index, the S&P BSE Sensex rose 163.64 points or 0.19% to 81,501.52. The Nifty 50 index gained 42.50 points or 0.17% to 24,862.30. In the broader market, the S&P BSE Mid-Cap index rose 0.19% and the S&P BSE Small-Cap index added 0.35%. The market breadth was positive. On the BSE 2,098 shares rose and 1,609 shares fell. A total of 212 shares were unchanged. IPO Update: The initial public offer (IPO) of Aditya Infotech received bids for 3,61,98,800 shares as against 1,12,23,759 shares on offer, according to stock exchange data at 11:15 IST on Wednesday (30 July 2025). The issue was subscribed 3.23 times. The initial public offer (IPO) of Laxmi India Finance received bids for 57,29,676 shares as against 1,13,12,816 shares on offer, according to stock exchange data at 11:15 IST on Wednesday (30 July 2025). The issue was subscribed 0.51 times. The initial public offer (IPO) of National Securities Depository received bids for 1,36,99,926 shares as against 3,51,27,002 shares on offer, according to stock exchange data at 11:15 IST on Wednesday (30 July 2025). The issue was subscribed 0.39 times. The initial public offer (IPO) of M&B Engineering received bids for 12,79,802 shares as against 97,98,309 shares on offer, according to stock exchange data at 11:15 IST on Wedesday(30 July 2025). The issue was subscribed 0.13 times. The initial public offer (IPO) of Sri Lotus Developers and Realty received bids for 1,74,52,600 shares as against 3,96,58,730 shares on offer, according to stock exchange data at 11:15 IST on Wednesday (29 July 2025). The issue was subscribed 0.44 times. Buzzing Index: The Nifty IT index rose 0.27% to 35,469.20. The index added 0.28% in the two trading session. Coforge (up 1.05%), Mphasis (up 1.02%), LTIMindtree (up 0.94%), Infosys (up 0.42%) and Tata Consultancy Services (up 0.3%), Tech Mahindra (up 0.25%), HCL Technologies (up 0.24%) added. On the other hand, Persistent Systems (down 0.93%), Wipro (down 0.36%) and Oracle Financial Services Software (down 0.34%) declined. Stocks in Spotlight: KEC International added 0.75%. The company announced that it has secured new orders worth Rs 1,509 crore across various business sectors. Allied Blenders and Distillers rose by 1.78% after the companys consolidated net profit stood at Rs 56 crore in Q1 FY26, marking a 398.6% increase compared to Rs 11 crore in Q1 FY25. Revenue from operations (excluding excise duty) increased by 21.80% year-on-year (YoY) to Rs 922.86 crore in Q1 FY26. Global Markets: Markets in Asia traded in a mixed manner on Wednesday as market sentiment remained restrained, with participants weighing the potential impact of renewed trade tensions and the US Feds stance on future interest rate poicy announcements. As U.S. President Donald Trumps deadline to strike a deal and avoid the Liberation Day tariffs approaches, trade negotiations with some countries appear likely to continue until the last possible moment before the August 1 cutoff date. The U.S. Commerce Secretary was quoted by the media saying that President Donald Trumps upcoming Friday deadline to impose major tariffs on a slew of trading partners will not be delayed further. However, the trade negotiations with China are progressing on a separate timeline, the report added. The US Federal Reserve is expected to leave interest rates unchanged at its policy meeting later on Wednesday, though it could see a rare dissent by some central bank officials in favour of lower borrowing costs. Crude prices rose sharply earlier this week as the U.S. threatened to sanction major buyers of Russian oil, to pressure Moscow into ending its conflict with Ukraine. Signs of progress in U.S. trade relations, after a deal was struck with the European Union, also aided oil markets. However, oils rally saw some profit booking emerge steam after industry data revealed an unexpected rise in U.S. crude inventories. The Crude Oil futures were currently down 2 cents or 0.05% to $69.19 per barrel. Data from the American Petroleum Institute, released on Tuesday evening, showed U.S. oil inventories grew about 1.5 million barrels (mb) in the week to July 25. This build contrasted the widely reported market expectations for a 2.5 mb draw, and also marked a reversal from a small draw in the prior week. Stocks on Wall Street closed lower on Tuesday, as investors turn their attention to the Federal Reserves interest rate decision. The S&P 500 slipped 0.30% to close at 6,370.86, while the Nasdaq Composite lost 0.38% to 21,098.29. The Dow Jones Industrial Average slipped 204.57 points, or 0.46%, to finish the session at 44,632.99.
Business Standard
a day ago
- Business
- Business Standard
GIFT Nifty hints to negative opening; investors await outcome of Fed policy meet
GIFT Nifty: GIFT Nifty August 2025 futures were currently trading 22.50 points (or 0.05%) lower, suggesting a possible negative opening for the Nifty 50 today. Institutional Flows: Foreign portfolio investors (FPIs) sold shares worth Rs 4,636.60 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 6,146.82 crore in the Indian equity market on 29 July 2025, provisional data showed. According to public data, FPIs have sold shares worth Rs 41,227.73 crore in the cash market during July 2025. This follows their cash purchase of shares worth Rs 7,488.98 crore in June 2024. Global Markets: Markets in Asia traded in a mixed manner on Wednesday as market sentiment remained restrained, with participants weighing the potential impact of renewed trade tensions and the US Feds stance on future interest rate poicy announcements. As U.S. President Donald Trumps deadline to strike a deal and avoid the Liberation Day tariffs approaches, trade negotiations with some countries appear likely to continue until the last possible moment before the August 1 cutoff date. The U.S. Commerce Secretary was quoted by the media saying that President Donald Trumps upcoming Friday deadline to impose major tariffs on a slew of trading partners will not be delayed further. However, the trade negotiations with China are progressing on a separate timeline, the report added. The US Federal Reserve is expected to leave interest rates unchanged at its policy meeting later on Wednesday, though it could see a rare dissent by some central bank officials in favour of lower borrowing costs. Crude prices rose sharply earlier this week as the U.S. threatened to sanction major buyers of Russian oil, to pressure Moscow into ending its conflict with Ukraine. Signs of progress in U.S. trade relations, after a deal was struck with the European Union, also aided oil markets. However, oils rally saw some profit booking emerge steam after industry data revealed an unexpected rise in U.S. crude inventories. The Crude Oil futures were currently down 2 cents or 0.05% to $69.19 per barrel. Data from the American Petroleum Institute, released on Tuesday evening, showed U.S. oil inventories grew about 1.5 million barrels (mb) in the week to July 25. This build contrasted the widely reported market expectations for a 2.5 mb draw, and also marked a reversal from a small draw in the prior week. Stocks on Wall Street closed lower on Tuesday, as investors turn their attention to the Federal Reserves interest rate decision. The S&P 500 slipped 0.30% to close at 6,370.86, while the Nasdaq Composite lost 0.38% to 21,098.29. The Dow Jones Industrial Average slipped 204.57 points, or 0.46%, to finish the session at 44,632.99. Domestic Market: The benchmark equity indices rebounded on Tuesday, ending higher after three consecutive sessions of losses, as value buying in blue-chip stocks lifted sentiment. The renewed buying interest helped counter worries over continued foreign fund outflows and delays in reaching a potential trade agreement with the United States. The Nifty regained the 24,800 mark, with all NSE sectoral indices finishing in positive territory, led by gains in realty, pharma, and healthcare stocks. The S&P BSE Sensex rose 446.93 points, or 0.55%, to close at 81,337.95, while the Nifty 50 advanced 140.20 points, or 0.57%, to 24,821.10. The uptrend follows a three-day losing streak during which the Sensex had shed 2.21% and the Nifty had declined 2.13%.
Extra.ie
5 days ago
- Politics
- Extra.ie
Trump protests in Scotland
Hundreds of people have taken to the streets to protest against US President Donald Trumps visit to Scotland this week, waving anti-Trump slogans and 'Free Gaza' signs as the President began his five day visit to Edinburgh and Aberdeen. Demonstrators showed their support for the war-torn enclave of Gaza by waving Palestinian flags as the President took to the golf course at Trump Turnberry in South Ayrshire, under the close eye of his heavy security detail. The President had caused upset on Friday, when he said that France's recognition of a Palestinian state 'doesn't matter'. EDINBURGH, SCOTLAND – JULY 26: Protestors gather on the streets of Edinburgh against a visit to Scotland by the President of the United States, Donald Trump on July 26, 2025 in Edinburgh, Scotland. U.S. President Donald Trump is visiting his Trump Turnberry golf course, as well as Trump International Golf Links in Aberdeenshire, during a brief visit to Scotland from July 25 to 29. (Photo by) Trumps security force included the army, navy and counter-terrorism police, who completed security checks on the course, with police snipers keeping a watchful eye from scaffolding set up all around the area. Sky News have reported that Trump was blaring pop music as he drove his golf buggy around the Turnberry course, including hits like 'Uptown Girl' by Billy Joel, 'Memory' by Elaine Paige and 'Bridge Over Troubled Water' by Simon & Garfunkel. TURNBERRY, SCOTLAND – JULY 26: U.S. President Donald Trump plays golf at Trump Turnberry golf course on July 26, 2026 in Turnberry, Scotland. U.S. President Donald Trump is visiting his Trump Turnberry golf course, as well as Trump International Golf Links in Aberdeenshire, during a brief visit to Scotland from July 26 to 29. (Photo by) So far no reports of YMCA by the Village People, but we can probably expect a blast of that as he finishes his round.
Glasgow Times
22-07-2025
- Politics
- Glasgow Times
Trump's Scotland visit will be biggest police op since Queen's funeral
The President of the United States of America is expected to fly into Scotland on Friday for a visit lasting four days. Protests are expected but police do not know where or by how many people yet. READ NEXT: Police prepared for Glasgow protests during Donald Trumps visit to Scotland President Trump is expected to visit his golf resort in Aberdeenshire and possibly Turnberry in Ayrshire. As well as the locations he will visit, police are planning for the possibility of large protests in cities including Glasgow. ACC Emma Bond, Gold Commander for the operation, was asked if it was the biggest operation since the Queen's funeral in 2022. She said: 'I think it probably is.' (Image: Colin Mearns) The officer said she has been focused on delivery but said it was a significant operation involving officers from across the UK. READ NEXT: Irish republican march to go ahead in Glasgow next month ACC Bond was not prepared to go into the exact number of officers or the cost of policing the visit. She said: 'It is a large-scale complex operation. 'We will use a combination of local officers, officers from our national divisions, we are also making use of our special constables as part of our deployments and for some of the specialisms we have also asked for support from wider UK policing colleagues. 'The key is to make sure the President of the United States can come and enjoy a peaceful and safe visit to Scotland and ensure that Police Scotland is able to maintain delivery of services to the rest of the communities in Scotland over the period of his visit.' Operation Unicorn, the Scottish element to the Queen's funeral was deployed because she died at Balmoral, cost more than £15m and 15,000 officers were deployed in the days between the late Queen's death and the funeral, which involved events in Scotland. She said there are multiple venues factored into the policing plan. ACC Bond added: 'This will become a significant cost and we are working with Scottish and UK Government colleagues.' 'Specifics of the schedule are for the White House to determine. I'm confident we have a plan in place to balance peaceful protest and manage disruption to the wider public.'
