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Business Standard
34 minutes ago
- Business
- Business Standard
Barometers trade with small gains; media shares climb
The key equity indices traded with minor gains in mid-afternoon trade amid upbeat domestic CPI data. Investors will monitor ongoing earnings season, FII activity and key macroeconomic releases due later this week. The Nifty hovered above the 24,500 level. Media shares advanced after declining in the past trading session. At 14:25 IST, the barometer index, the S&P BSE Sensex advanced 188.02 points or 0.23% to 80,420.40. The Nifty 50 index added 37.50 points or 0.15% to 24,546.80. In the broader market, the S&P BSE Mid-Cap index rose 0.65% and the S&P BSE Small-Cap index jumped 0.62%. The market breadth was positive. On the BSE, 2,187 shares rose and 1,825 shares fell. A total of 178 shares were unchanged. Economy: Indias retail inflation, measured by the Consumer Price Index (CPI), eased to 1.55% in July, down 55 basis points from 2.10% in June, according to data from the Ministry of Statistics & Programme Implementation. This marks the lowest year-on-year inflation rate since June 2017. Buzzing Index: The Nifty Realty index rose 0.88% to 891.70. The index declined 0.73% in the past trading session. Zee Entertainment Enterprises (up 4.08%), Sun TV Network (up 1.94%), Network 18 Media & Investments (up 1.67%), D B Corp (up 0.66%), Saregama India (up 0.54%) and Hathway Cable & Datacom (up 0.21%) advanced. Numbers to Track: The yield on India's 10-year benchmark federal paper fell 0.23% to 6.468 from the previous close of 6.483. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 87.4800 compared with its close of 87.7500 during the previous trading session. MCX Gold futures for 3 October 2025 settlement rose 0.21% to Rs 100,365. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was downup 1.28% to 98.52. The United States 10-year bond yield shed 0.23% to 4.255. In the commodities market, Brent crude for October 2025 settlement declined 47 cents or 0.71% to $66.65 a barrel. Stocks in Spotlight: Pearl Polymers surged 5.24% after the company reported a net profit of Rs 2.89 crore in Q1 FY26, up 124% from Rs 1.29 crore in Q1 FY25, and a reversal from a net loss of Rs 4.43 crore in Q4 FY25. Revenue from operations stood at Rs 4.92 crore, down 7.69% YoY from Rs 5.33 crore, though it slipped 21% from Rs 6.23 crore in Q4 FY25. NIBE slipped 3.50% after the companys consolidated net profit dropped 75.97% to Rs 1.90 crore in Q1 FY26, compared to Rs 7.91 crore posted in Q1 FY25. Revenue from operations fell 25.04% to Rs 82.50 crore in Q1 FY26, down from Rs 110.06 crore in the same quarter last year.
Business Standard
3 hours ago
- Business
- Business Standard
Sensex jumps 226 pts; pharma shares climb for 3rd day
The headline equity benchmarks traded with modest gains in early afternoon trade, tracking positive global cues. Upbeat domestic CPI data further boosted market sentiment. Investors are closely watching the ongoing earnings season, FII activity, and key macroeconomic data releases expected later this week. The Nifty traded above the 24,600 level. Pharma shares extended gains for the third trading session. At 12:30 IST, the barometer index, the S&P BSE Sensex advanced 226.02 points or 0.28% to 80,461.48. The Nifty 50 index added 108.40 points or 0.44% to 24,607.55. In the broader market, the S&P BSE Mid-Cap index rose 0.51% and the S&P BSE Small-Cap index added 0.41%. The market breadth was positive. On the BSE 2,068 shares rose and 1,800 shares fell. A total of 199 shares were unchanged. Economy: Indias retail inflation, measured by the Consumer Price Index (CPI), eased to 1.55% in July, down 55 basis points from 2.10% in June, according to data from the Ministry of Statistics & Programme Implementation. This marks the lowest year-on-year inflation rate since June 2017. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, shed 0.02% to 12.22. The Nifty 28 August 2025 futures were trading at 24,662.60 at a premium of 55.05 points as compared with the spot at 24,607.55. The Nifty option chain for the 28 August 2025 expiry showed a maximum call OI of 68 lakh contracts at the 25,000 strike price. Maximum put OI of 42.7 lakh contracts was seen at 24,000 strike price. Buzzing Index: The Nifty Pharma index rose 1.34% to 22,045.35. The index added 3% in the three trading session. Alkem Laboratories (up 4.44%), Abbott India (up 2.75%), Laurus Labs (up 2.25%), Granules India (up 1.85%) and Zydus Lifesciences (up 1.66%), Divis Laboratories (up 1.53%), Cipla (up 1.36%), Dr Reddys Laboratories (up 1.12%), Lupin (up 0.98%) and Natco Pharma (up 0.71%) added. On the other hand, Ipca Laboratories (down 2.08%), Ajanta Pharma (down 1.34%) and Torrent Pharmaceuticals (down 0.54%) edged lower. Stocks in Spotlight: ACME Solar Holdings shed 0.93%. The company announced that its wholly owned subsidiary, ACME Hybrid Urja has secured Rs 3,184 crore in long-term financing from REC for a 280 MW Firm & Dispatchable Renewable Energy (FDRE) project contracted with NHPC. Cochin Shipyard rose 0.47%. The company reported a 7.8% rise in consolidated net profit to Rs 187.83 crore on a 38.5% increase in revenue from operations to Rs 1,068.59 crore in Q1 FY26 over Q1 FY25. FSN E-Commerce Ventures jumped 7.15% after the company reported 79% rise in net profit to Rs 24 crore on a 23% increase in revenue from operations to Rs 2,155 crore in Q1 FY26 as compared with Q1 FY25.
Business Standard
3 hours ago
- Business
- Business Standard
Market trade in positive terrain; auto shares rally for 3rd day
The key domestic indices traded with modest gains in mid-morning trade, mirroring positive global cues. Upbeat domestic CPI data further lifted market sentiment. Investors will monitor ongoing earnings season, FII activity and key macroeconomic releases due later this week. The Nifty hovered above the 24,550 mark. Auto shares rallied for the third consecutive trading session. At 11:25 IST, the barometer index, the S&P BSE Sensex advanced 196.84 points or 0.25% to 80,426.48. The Nifty 50 index added 93.20 points or 0.37% to 24,580.30. In the broader market, the S&P BSE Mid-Cap index rose 0.53% and the S&P BSE Small-Cap index added 0.47%. The market breadth was positive. On the BSE 2,150 shares rose and 1,617 shares fell. A total of 215 shares were unchanged. Economy: Indias retail inflation, measured by the Consumer Price Index (CPI), eased to 1.55% in July, down 55 basis points from 2.10% in June, according to data from the Ministry of Statistics & Programme Implementation. This marks the lowest year-on-year inflation rate since June 2017. IPO Update: The initial public offer (IPO) of Bluestone Jewellery and Lifestyle received bids for 1,14,89,858 shares as against 1,65,14,421 shares on offer, according to stock exchange data at 11:15 IST on Wednesday (13 August 2025). The issue was subscribed 0.70 times. The initial public offer (IPO) of Regaal Resources received bids for 22,52,97,360 shares as against 2,09,99,664 shares on offer, according to stock exchange data at 11:25 IST on Wednesday (13 August 2025). The issue was subscribed 10.73 times. Buzzing Index: The Nifty Auto index added 1.27% to 24,159.60. The index jumped 2.92% for the three trading sessions. Hero MotoCorp (up 2.37%), Bharat Forge (up 2.16%), Tata Motors (up 1.96%), TVS Motor Company (up 1.94%), Eicher Motors (up 1.44%), Samvardhana Motherson International (up 1.31%), Mahindra & Mahindra (up 1.13%), Tube Investments of India (up 1.06%), Ashok Leyland (up 1.03%) and Bajaj Auto (up 0.87%) surged. Stocks in Spotlight: Hindalco Industries rallied 5.45% after the companys consolidated net profit rose 30% year-on-year to Rs 4,004 crore in Q1 FY26 from Rs 3,074 crore in Q1 FY25. Revenue from operations grew 13% to Rs 64,232 crore from Rs 57,013 crore a year earlier. Apollo Hospitals Enterprise jumped 6.20% after the company reported 41.80% surge in consolidated net profit to Rs 432.80 crore on 14.87% increase in revenue from operations to Rs 5,842.10 crore in Q1 FY26 over Q1 FY25. Global Markets: Asian markets advanced on Wednesday after the latest U.S. inflation data raised hopes that the Federal Reserve could cut interest rates next month. In Japan, a report showed manufacturers grew more confident about business conditions after a trade agreement with the United States. The monthly poll, which tracks the Bank of Japan's quarterly tankan business survey, reportedly showed the manufacturers' sentiment index rising to plus 9 in August from plus 7 in July, marking a second straight month of improvement. Further, Japan's annual wholesale inflation slowed for the fourth straight month in July, data showed on Wednesday, underscoring the central bank's view that upward price pressure from raw material costs will dissipate. The corporate goods price index (CGPI), which measures the price companies charge each other for their goods and services, rose 2.6% in July from a year earlier, data showed, slowing from the previous month's 2.9% increase. It compared with the widely reported median market forecast for a 2.5% rise. On Wall Street, stocks ended higher on Tuesday as inflation data was tamer than expected, soothing investor fears that tariffs are not spiking prices. The trading session saw the S&P 500 and tech-heavy Nasdaq Composite close at fresh record highs. The S&P 500 added 1.1% to settle at 6,445.76, while the Nasdaq ended 1.4% higher at 21,681.90. The Dow Jones Industrial Average added about 483 points, or 1.1%, to close at 44,458.61. A widely followed measure of inflation accelerated slightly less than expected in July on an annual basis. The consumer price index increased a seasonally adjusted 0.2% for the month and 2.7% on a 12-month basis, the Bureau of Labor Statistics reported Tuesday. Excluding food and energy, the core CPI increased 0.3% for the month and 3.1% from a year ago. The monthly core rate was the biggest increase since January while the annual rate was the highest since February. Thursdays producer price index report on wholesale inflation will add another piece of the economic picture. The report comes ahead of the Feds Jackson Hole meeting on Aug. 21-23, which could also help shape expectations for the central banks next policy move.
Business Standard
6 hours ago
- Business
- Business Standard
Nifty above 24,550 mark; metal shares shine
The key equity benchmarks traded with moderate gains in early trade, buoyed by upbeat domestic CPI data. Investors will track ongoing earnings season, FII activity and slew of key macroeconomic data expected later this week. The Nifty traded above the 24,550 mark. Metal shares jumped for the third consecutive trading session. At 10:25 IST, the barometer index, the S&P BSE Sensex advanced 177.51 points or 0.22% to 80,413.10. The Nifty 50 index added 106.05 points or 0.43% to 24,592.40. In the broader market, the S&P BSE Mid-Cap index jumped 0.67% and the S&P BSE Small-Cap index rose 0.58%. The market breadth was strong. On the BSE, 2,239 shares rose and 1,371 shares fell. A total of 211 shares were unchanged. Economy: Indias retail inflation, measured by the Consumer Price Index (CPI), eased to 1.55% in July, down 55 basis points from 2.10% in June, according to data from the Ministry of Statistics & Programme Implementation. This marks the lowest year-on-year inflation rate since June 2017. Earnings Today: Bharat Petroleum Corporation(up 0.14%), Pfizer(down 0.17%), Deepak Nitrite(down 0.79%), Brigade Enterprises(down 1.74%), Aditya Birla Fashion and Retail(ABFRL)(up 1.39%), Samvardhana Motherson International(up 1.53%), AIA Engineering(up 0.71%), Anupam Rasayan India(up 0.92%), Astra Microwave Products(up 3.16%), Avanti Feeds(up 0.52%), Bhansali Engineering Polymers(up 0.68%), Campus Activewear(up 0.11%), CSB Bank(up 0.58%), Dredging Corporation of India(down 0.20%), Endurance Technologies(up 1.47%), Engineers India(up 0.69%), Fiem Industries(up 2.09%), Brainbees Solutions(down 1.68%), Jubilant Foodworks, (up 0.40%), United Spirits(up 0.34%) will announce their result later today. Buzzing Index: The Nifty Metal index advanced 2.02% to 9,415.75. The index rallied 2.94% in the three trading session. Lloyds Metals & Energy (up 5.19%), Hindalco Industries (up 4.49%), Jindal Stainless (up 2.47%), Vedanta (up 2.47%), National Aluminium Company (up 2.27%), Hindustan Zinc (up 2.01%), NMDC (up 1.66%), Hindustan Copper (up 1.41%), Steel Authority of India (up 1.36%) and Tata Steel (up 1.32%) advanced. Stocks in Spotlight: Suzlon Energy declined 3.44% after the companys consolidated net profit tanked 72.56% to Rs 324.32 crore on 17.39% decline in revenue from operations to Rs 3,117.33 crore in Q1 FY26 over Q4 FY25. One 97 Communications surged 4.76% after its wholly-owned subsidiary, Paytm Payments Services Limited (PPSL), received in-principle authorisation from the Reserve Bank of India (RBI) to operate as an online payment aggregator.
Asia News Network
7 hours ago
- Business
- Asia News Network
India's retail inflation slips to eight-year low of 1.55% in July
NEW DELHI – India's retail inflation slipped to an eight-year low of 1.55 per cent in July, mainly due to subdued prices of food items, including vegetables and cereals. The consumer price index (CPI) based inflation was 2.1 per cent in June and 3.6 per cent in July 2024. According to the data released by the Ministry of Statistics & Programme Implementation (MoSPI) on Tuesday, there is a decline of 55 basis points in the headline inflation of July 2025 in comparison to June 2025. It is the lowest year-on-year inflation rate since June 2017. The year-on-year inflation rate based on the All India Consumer Food Price Index (CFPI) for July 2025 over the same month in 2024 is -1.76 per cent (Provisional). Corresponding inflation rates for rural and urban are -1.74 per cent and -1.90 per cent, respectively, the data said. The food inflation in July 2025 is also the lowest after January 2019. A decline of 75 basis points is observed in food inflation in July 2025 in comparison to the previous month. 'The significant decline in headline inflation and food inflation during July 2025 is mainly attributed to favourable base effect and the decline in inflation of pulses and products, transport and communication, vegetables, cereal and products, education, egg and sugar, and confectionery,' the National Statistics Office (NSO) said. Notably, at the policy meeting, the Reserve Bank of India has cut its full-year inflation forecast to 3.1 per cent from 3.7 per cent earlier. The RBI expects inflation to average 2.1 per cent in the second quarter, 3.1 per cent in the third, and end the fiscal at 4.4 per cent.
