Latest news with #MinistryofCommerceandIndustry
Business Standard
2 days ago
- Business
- Business Standard
Market trade sideways; media shares under pressure
The key equity indices traded sideways in the mid- afternoon trade. The Nifty traded below the 25,100 level. Media shares declined after advancing for previous two trading session. At 14:30 IST, the barometer index, the S&P BSE Sensex, rose 2.59 points or 0.01% to 82,023.28. The Nifty 50 index shed 22.50 points or 0.09% to 25,066.50. The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index shed 0.19% and the S&P BSE Small-Cap index fell 0.21%. The market breadth was negative. On the BSE, 1,829 shares rose and 2,088 shares fell. A total of 201 shares were unchanged. Economy: India's core industries, comprising eight sectors, reported 1.7% growth in June 2025, down from 5% in the same month of 2024, data released on Monday by the Ministry of Commerce and Industry showed. On a month-on-month basis, the expansion in June is relatively up, when these key sectors grew by 1.2%. Commerce ministry data showed the production of steel, cement and refinery products recorded positive growth in June 2025. The Index of Eight Core Industries (ICI) measures the combined and individual performance of production of eight core industries -- Coal, Crude Oil, Natural Gas, Refinery Products, Fertilizers, Steel, Cement and Electricity. The Eight Core Industries comprise 40.27% of the weight of items included in the Index of Industrial Production (IIP). The cumulative growth rate of ICI during April to June, 2025-26 is 1.3% (provisional) as compared to the corresponding period of last year. Buzzing Index: The Nifty Media index shed 1.35% to 1,749.90. The index rose 0.24% in the previous two trading session. Zee Entertainment Enterprises (down 2.21%), PVR Inox (down 1.8%), Network 18 Media & Investments (down 1.26%), Hathway Cable & Datacom (down 1.2%), Sun TV Network (down 0.77%), Saregama India (down 0.52%), Nazara Technologies (down 0.4%) down. On the other hand, D B Corp (up 0.95%) ,Tips Music (up 0.76%) and Dish TV India (up 0.17%) up. Numbers to Track: The yield on India's 10-year benchmark federal paper shed 0.05% to 6.296 from the previous close of 6.300. In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 86.3700 compared with its close of 86.3100 during the previous trading session. MCX Gold futures for 5 August 2025 settlement rose 0.03% to Rs 99,355. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.02% to 97.87. The United States 10-year bond yield rose 0.30% to 4.392. In the commodities market, Brent crude for September 2025 settlement shed 57 cents, or 0.82% to $68.64 a barrel. Stocks in Spotlight: Colgate Palmolive (India) shed 0.70%. The company reported 11.91% decline in standalone net profit to Rs 320.62 crore on 4.38% fall in revenue from operations to Rs 1,420.64 crore in Q1 FY26 over Q1 FY25. SML Isuzu hit an upper limit of 10% after the company's standalone net profit jumped 44.34% to Rs 66.96 crore, while revenue from operations rose 13.38% to Rs 845.89 crore in Q1 FY25, compared to Q1 FY24.
Business Standard
2 days ago
- Business
- Business Standard
Barometers erase early losses; Nifty trades above 25,100
The frontline indices reversed all losses and traded with minor gains in the early-afternoon trade. The Nifty traded above the 25,100 level. Pharma shares extended losses for the third consecutive trading session. At 12:30 ST, the barometer index, the S&P BSE Sensex, rose 125.24 points or 0.15% to 82,327.51. The Nifty 50 index added 16.35 points or 0.06% to 25,106.45. In the broader market, the S&P BSE Mid-Cap index shed 0.38% and the S&P BSE Small-Cap index rose 0.06%. The market breadth was negative. On the BSE, 1,840 shares rose and 1,977 shares fell. A total of 219 shares were unchanged. Economy: India's core industries comprising eight sectors reported 1.7% growth in June 2025, down from 5% in the same month of 2024, data released on Monday by Ministry of Commerce and Industry showed. On a month-on-month basis, the expansion in June is relatively up, when these key sectors grew by 1.2%. Commerce ministry data showed the production of steel, cement and refinery products recorded positive growth in June 2025. The Index of Eight Core Industries (ICI) measures the combined and individual performance of production of eight core industries -- Coal, Crude Oil, Natural Gas, Refinery Products, Fertilizers, Steel, Cement and Electricity. The Eight Core Industries comprise 40.27% of the weight of items included in the Index of Industrial Production (IIP). The cumulative growth rate of ICI during April to June, 2025-26 is 1.3% (provisional) as compared to the corresponding period of last year. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, slipped 2.61% to 10.91. The Nifty 31 July 2025 futures were trading at 25,125 at a premium of 18.55 points as compared with the spot at 25,106.45. The Nifty option chain for the 31 July 2025 expiry showed a maximum call OI of 60.7 lakh contracts at the 25,500 strike price. Maximum put OI of 54.6 lakh contracts was seen at 25,000 strike price. Buzzing Index: The Nifty Pharma index slipped 0.98% to 22,311.70. The index fell 1.62% in three consective trading sessions. Granules India (down 3%), Aurobindo Pharma (down 2.64%), Lupin (down 2.26%), Gland Pharma (down 2.19%), Dr Reddys Laboratories (down 1.69%), Laurus Labs (down 1.22%), Divis Laboratories (down 1.05%), Ajanta Pharma (down 0.99%), Torrent Pharmaceuticals (down 0.93%) and Zydus Lifesciences (down 0.93%) declined. On the other hand, Natco Pharma (up 1.29%), Mankind Pharma (up 1.15%) and Abbott India (up 0.28%) edged higher. Stocks in Spotlight: Titan Company advanced 1.42% after the company announced that it has entered into an agreement for acquiring 67% shareholding in Damas LLC (UAE), the current holding company for Damas jewellery business in GCC countries. Dev Information Technology (DEV IT) jumped 5.38% after the company announced that it has secured an order worth Rs 1.29 crore from the National Informatics Centre Services Incorporated (NICSI. Latent View Analytics rallied 3.02% after the company reported 30% jump in consolidated net profit to Rs 50.6 crore on a 31.9% increase in total revenue from operations to Rs 236 crore in Q1 FY26 as compared with Q1 FY25.
Time of India
2 days ago
- Business
- Time of India
Commerce Ministry highlights key initiatives to boost India's trade and startup ecosystem
Academy Empower your mind, elevate your skills The Ministry of Commerce and Industry, led by Union Minister Piyush Goyal , has unveiled a series of significant initiatives taken over the past week, aimed at strengthening India's trade Goyal posted a notable recognition of grassroots entrepreneurship on the social media platform 'X'. The Ministry hosted the One District One Product (ODOP) Awards, presenting 34 awards across three Goyal posted a notable recognition of grassroots entrepreneurship on the social media platform 'X'. The Ministry hosted the One District One Product (ODOP) Awards, presenting 34 awards across three One District One Product (ODOP) initiative is a government-led program in India aimed at promoting balanced regional development and boosting the local economy. The government reiterated its commitment to supporting local producers and integrating them into global value a strategic move to bolster India's global trade footprint, Minister Goyal met with Heads of Commercial Wings from 74 Indian Missions across 61 countries. The discussions focused on refining India's global trade strategy through proactive trade intelligence and a strong emphasis on four KPIs: Investment, Trade, Tourism, and Technology. The Minister also called for consistent market advisories and strategic efforts to overcome market access its push to nurture innovation, the Ministry has opened applications for the Fifth Edition of the National Startup Awards . The awards aim to celebrate startups that demonstrate not only commercial excellence but also measurable social impact, sustainability, and from diverse sectors, including agriculture, clean energy, fintech, aerospace, health, education, cybersecurity, and accessibility, are invited to addition, Minister Goyal chaired the 10th National Startup Advisory Council Meeting, engaging with industry leaders, founders, and policymakers. Emphasised innovation, R&D, and collaboration as key to reimagining India's startup a separate engagement, the Minister held detailed discussions with deeptech startups, focusing on enhancing their access to funding, infrastructure, regulatory support, and global market opportunities. The interaction aimed at identifying actionable steps to accelerate the growth of cutting-edge technological ventures in the country.
Business Standard
2 days ago
- Business
- Business Standard
Sensex, Nifty pare gains; realty shares decline
The key equity indices reversed all gains and traded with minor losses in the mid-morning trade. The Nifty traded below the 25,100 level. Realty shares declined after advancing for previous trading session. At 11:30 ST, the barometer index, the S&P BSE Sensex, shed 18.92 points or 0.02% to 82,177.22. The Nifty 50 index fell 31.45 points or 0.13% to 25,057.90. In the broader market, the S&P BSE Mid-Cap index shed 0.46% and the S&P BSE Small-Cap index fell 0.08%. The market breadth was negative. On the BSE, 1,798 shares rose and 1,928 shares fell. A total of 202 shares were unchanged. Economy: India's core industries comprising eight sectors reported 1.7% growth in June 2025, down from 5% in the same month of 2024, data released on Monday by Ministry of Commerce and Industry showed. On a month-on-month basis, the expansion in June is relatively up, when these key sectors grew by 1.2%. Commerce ministry data showed the production of steel, cement and refinery products recorded positive growth in June 2025. The Index of Eight Core Industries (ICI) measures the combined and individual performance of production of eight core industries -- Coal, Crude Oil, Natural Gas, Refinery Products, Fertilizers, Steel, Cement and Electricity. The Eight Core Industries comprise 40.27% of the weight of items included in the Index of Industrial Production (IIP). The cumulative growth rate of ICI during April to June, 2025-26 is 1.3% (provisional) as compared to the corresponding period of last year. Buzzing Index: The Nifty Realty index shed 0.97% to 996.45. The index rose 0.64% in the previous trading session. Anant Raj (down 2.56%), Raymond (down 1.92%), Phoenix Mills (down 1.65%), Godrej Properties (down 1.58%) and Brigade Enterprises (down 0.93%), DLF (down 0.89%), Lodha Developers (down 0.89%), Oberoi Realty (down 0.58%), Sobha (down 0.39%) and Prestige Estates Projects (down 0.3%) down. Stocks in Spotlight: Sagar Cements fell 2.63%. The company reported a consolidated net profit of Rs 7.49 crore in Q1 FY26, compared with a net loss of Rs 32.20 crore posted in Q1 FY25. Revenue from operations increased 19.63% to Rs 670.66 crore in Q1 FY26 as against Rs 560.60 crore in Q1 FY25. Parag Milk Foods declined 3.79%. The company reported a 1.02% increase in consolidated net profit to Rs 27.58 crore in Q1 FY26 from Rs 27.30 crore posted in Q1 FY25. Revenue from operation rose by 12.34% year-over-year (YoY) to Rs 851.52 crore during the period under review. Global Markets: Asian stocks traded mixed on Tuesday as investors turned cautious ahead of the looming August 1 deadline for potential US trade tariffs. Japanese stocks, in particular, saw sharp swings after Prime Minister Shigeru Ishibas ruling coalition lost its majority in the upper house. Wall Street offered little direction, with US indices closing mostly flat overnight despite hitting fresh intraday records. The spotlight this week remains firmly on corporate earnings, with Tesla and Alphabet set to report on Wednesday. By the close in New York, the Dow slipped 0.04%, the S&P 500 inched up 0.14%, and the Nasdaq rose 0.38%.
The Wire
2 days ago
- Business
- The Wire
Coal Production Falls by 6.8%, Crude Oil Output Too Reduces
The sectors which recorded a positive growth included refinery products (3.4 per cent), steel (9.3 per cent), and cement (9.2 per cent). New Delhi: India's core infrastructure sector saw a three-month high of 1.7 per cent in June, increasing from 1.2 per cent in May. However, according to data released by the Ministry of Commerce and Industry on Monday (July 21), the output of five important sectors including coal, crude oil, natural gas, fertiliser, and electricity recorded a negative growth in June, reported Economic Times. The sectors which recorded a positive growth included refinery products (3.4 per cent), steel (9.3 per cent), and cement (9.2 per cent). On the other hand, coal production fell by 6.8 per cent in June, while crude oil output too reduced by 1.2 per cent. Natural gas and fertiliser output also decreased by 2.8 per cent and 1.2 per cent in June, respectively. At the same time, electricity generation too reduced 2.8 per cent year-on-year in June. The combined individual performance in terms of output by eight core industries including coal, crude oil, natural gas, refinery products, fertilizers, steel, cement and electricity is reflected by the Index of Core Industries. These eight make up 40.27 per cent of the total weight of India's Index of Industrial Production (IIP). The Wire is now on WhatsApp. Follow our channel for sharp analysis and opinions on the latest developments.
