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Business Standard
a day ago
- Business
- Business Standard
Sensex tumbles 579 pts; Nifty below 24,450 mark; VIX jumps 1.73%
The headline equity indices traded with significant losses in the afternoon trade witnessing selling pressure as investors remained cautious amid concerns over the impact of Trumps tariff decision. Market sentiment turned risk-averse, with participants adopting a risk-off approach. Going forward, investors will closely monitor crude oil prices, FII activity and development on the tariff front. The Nifty tanked below the 24,450 mark. Media and oil & gas shares advanced while other all the sectoral indices traded in the red on the NSE. At 13:30 IST, the barometer index, the S&P BSE Sensex dropped 578.81 points or 0.72% to 80,044.45. The Nifty 50 index declined 175.05 points or 0.71% to 24,421.10. In the broader market, the S&P BSE Mid-Cap index declined 1% and the S&P BSE Small-Cap index fell 0.33%. The market breadth was negative. On the BSE, 1,787 shares rose and 2,123 shares fell. A total of 162 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, up 1.73% to 11.92. Gainers & Losers: NTPC (up 2.09%), Titan Company (up 1.48%), Trent (up 0.92%), HDFC Life Insurance Company (up 0.77%) and Tata Consumer Products (up 0.47%) were the major Nifty50 gainers. Adani Enterprises (down 3.29%), Bharti Airtel (down 2.73%), JSW Steel (down 1.96%), Grasim Industries (down 1.96%) and Adani Ports and Special Economic Zone (down 1.81%) were the major Nifty50 losers. Titan Company advanced 1.48% after the company reported 52.5% jump in consolidated net profit to Rs 1,091 crore on a 20.4% rise in operating revenue to Rs 14,673 crore in Q1 FY26 as compared with Q1 FY25. Stocks in Spotlight: Subros slumped 5.79% after the company reported an 11.62% decline in consolidated net profit to Rs 40.83 crore in Q1 FY26, compared to Rs 46.20 crore posted in Q4 FY25. Revenue from operations fell 3.32% quarter-on-quarter (QoQ) to Rs 878.25 crore in the quarter ended 30 June 2025. KRBL surged 14.24% after the companys consolidated net profit jumped 74% to Rs 150.58 crore on 32.1% increase in net sales to Rs 1,584.35 crore in Q1 June 2025 over Q1 June 2024. Data Patterns (India) tumbled 4.98% after the companys standalone net profit fell 22.23% to Rs 25.50 crore in Q1 FY26, compared to Rs 32.79 crore posted in Q1 FY25. Revenue from operations declined 4.56% year-on-year (YoY) to Rs 99.33 crore in the quarter ended 30 June 2025. Talbros Automotive Components (TACL) tumbled 5.94% after the companys consolidated net profit declined 16.79% to Rs 22.20 crore in Q1 FY26, compared to Rs 26.68 crore posted in Q4 FY25. Revenue from operations rose 1.17% quarter-on-quarter (QoQ) to Rs 206.76 crore in the quarter ended 30 June 2025. Biocon fell 3.20% after the company reported a 95.2% decline in consolidated net profit to Rs 31.40 crore despite a 15.8% jump in net sales to Rs 3,910.10 crore in Q1 FY26 over Q1 FY25. Global Markets: Most European markets opened higher on Friday as investors reacted to U.S. President Donald Trumps nomination for an open seat on the Federal Reserves governing board. Asian markets traded lower. Japans Topix index rose for the fourth consecutive session Friday and hit a record high of 3,031.78. Investors will continue to monitor how the reciprocal tariffs levied by President Trump will impact the affected countries and the global economy in general. On Wall Street, the 30-stock Dow closed down about 224 points, or 0.5%, while the S&P 500 ended the session off 0.08% on Thursday. However, the Nasdaq Composite managed to outperform and added nearly 0.4%. On Thursday afternoon, the President announced that he has selected Stephen Miran, chair of the Council of Economic Advisors, as his pick to replace Adriana Kugler on the Federal Reserve Board of Governors. Miran will serve out the rest of Kuglers term, which expires in January, following her resignation last Friday.
Business Standard
a day ago
- Business
- Business Standard
Sensex falls over 549 pts; metal shares decline
The key equity benchmarks continued to trade with moderate cuts in the mid-morning trade amid jitters over Trumps tariff impact. The Nifty traded below the 24,450 mark. Metal shares declined after advancing in the previous trading session. At 11:30 IST, the barometer index, the S&P BSE Sensex, dropped 549.14 points or 0.68% to 80,058.72. The Nifty 50 index declined 162.55 points or 0.66% to 24,433.60. In the broader market, the S&P BSE Mid-Cap index declined 0.79% and the S&P BSE Small-Cap index fell 0.34%. The market breadth was negative. On the BSE, 1,698 shares rose and 2,029 shares fell. A total of 164 shares were unchanged. IPO Update: The initial public offer (IPO) of All Time Plastics received bids for 53,65,116 shares as against 1,05,46,297 shares on offer, according to stock exchange data at 11:15 IST on Friday (8 August 2025). The issue was subscribed 0.51 times. The initial public offer (IPO) of JSW Cement received bids for 6,75,26,244 shares as against 18,12,94,964 shares on offer, according to stock exchange data at 11:15 IST on Friday (8 August 2025). The issue was subscribed 0.09 times. Buzzing Index: The Nifty Metal index declined 1.10% to 9,208.40. The index rose 0.13% in the past trading session. Jindal Stainless (down 3.91%), Adani Enterprises (down 2.88%), Jindal Steel & Power (down 1.92%), Hindalco Industries (down 1.34%), Steel Authority of India (down 1.29%) Hindustan Copper (down 1.11%), Tata Steel (down 1.05%), National Aluminium Company (down 0.8%), Hindustan Zinc (down 0.66%) and Vedanta (down 0.59%) fell. Stocks in Spotlight: Talbros Automotive Components (TACL) tumbled 4.36% after the companys consolidated net profit declined 16.79% to Rs 22.20 crore in Q1 FY26, compared to Rs 26.68 crore posted in Q4 FY25. Revenue from operations rose 1.17% quarter-on-quarter (QoQ) to Rs 206.76 crore in the quarter ended 30 June 2025. Biocon fell 3.84% after the company reported a 95.2% decline in consolidated net profit to Rs 31.40 crore despite a 15.8% jump in net sales to Rs 3,910.10 crore in Q1 FY26 over Q1 FY25. Global Markets: Asian markets traded mixed on Friday. Japans Topix index rose for the fourth consecutive session Friday and hit a record high of 3,031.78. Investors will continue to monitor how the reciprocal tariffs levied by President Trump will impact the affected countries and the global economy in general. On Wall Street, the 30-stock Dow closed down about 224 points, or 0.5%, while the S&P 500 ended the session off 0.08% on Thursday. However, the Nasdaq Composite managed to outperform and added nearly 0.4%. On Thursday afternoon, the President announced that he has selected Stephen Miran, chair of the Council of Economic Advisors, as his pick to replace Adriana Kugler on the Federal Reserve Board of Governors. Miran will serve out the rest of Kuglers term, which expires in January, following her resignation last Friday.
Business Standard
a day ago
- Business
- Business Standard
Nifty below 24,500 level; realty shares slide
The key equity benchmarks traded with moderate cuts in the morning trade. The Nifty traded below the 24,500 level. Realty shares extended losses for the fourth consecutive trading session. At 10:30 IST, the barometer index, the S&P BSE Sensex, dropped 401.64 points or 0.50% to 80,221.62. The Nifty 50 index fell 130.25 points or 0.53% to 24,464.85. In the broader market, the S&P BSE Mid-Cap index fell 0.59% and the S&P BSE Small-Cap index shed 0.15%. The market breadth was negative. On the BSE, 1,602 shares rose and 1,756 shares fell. A total of 136 shares were unchanged. Earnings Today: Grasim Industries (down 1.36%), State Bank of India (down 0.35%), Siemens (up 0.42%), Tata Motors (down 0.82%), Info Edge (India) (down 0.88%), Action Construction Equipment (down 0.96%), Afcons Infrastructure (up 0.68%), Akums Drugs and Pharmaceuticals (down 1.33%), Ceigall India (up 0.53%), Cholamandalam Financial Holdings (up 0.08%), Concord Biotech (down 0.59%), Cupid (up 0.18%), DOMS Industries (down 0.59%), Entero Healthcare Solutions (up 1.28%), Equitas Small Finance Bank (up 0.58%), Fine Organic Industries (down 0.88%), Fusion Finance (up 0.10%), Gandhar Oil Refinery (India) (down 1%), Garware Technical Fibres (down 1.08%), Garden Reach Shipbuilders & Engineers (down 1.68%) will announce their quarterly earnings later today. Buzzing Index: The Nifty Realty index shed 0.87% to 885.20. The index dropped 2.94% in four consecutive trading sessions. Sobha (down 2.81%), Prestige Estates Projects (down 1.86%), Oberoi Realty (down 1.24%), Raymond (down 0.94%), Anant Raj (down 0.93%), Phoenix Mills (down 0.92%), Brigade Enterprises (down 0.89%), Godrej Properties (down 0.82%) and Lodha Developers (down 0.69%) declined. On the other hand, DLF (up 0.3%) edged higher. Stocks in Spotlight: Kalyan Jewellers India fell 6.74%. The company reported a 48.6% increase in consolidated net profit to Rs 264.08 crore on a 31.5% jump in revenue from operations to Rs 7,268.48 crore in Q1 FY26 over Q1 FY25. Apollo Tyres shed 0.26%. The companys consolidated net profit tumbled 95.7% to Rs 12.88 crore during the quarter compared with Rs 302 crore posted same quarter last year. Revenue from operations rose 3.6% YoY to Rs 6560.76 crore in Q1 FY26.
India Today
2 days ago
- Business
- India Today
Sensex, Nifty end in green as D-Street investors ignore Trump's 50% tariffs
Benchmark stock market indices rebounded after falling over 1% to end marginally higher, as market investors seemed to ignore the Trump tariffs. Late rally in IT and pharma stocks helped offset early S&P BSE Sensex added 79.27 points to end at 80,623.26, while the NSE Nifty50 gained 21.95 points to close at 24, Nair, Head of Research, Geojit Investments Limited, said that domestic equities recovered sharply from the intraday lows amid a volatile weekly expiry day."Although the earlier trade was weighed down by broad-based selling following steep US tariff hikes on India, sentiment improved toward the close as reports of potential peace talks involving Trump, Putin, and Zelensky which raised hopes of a softer US stance on trade," he Mahindra emerged as the top gainer on the BSE Sensex with a jump of 1.68%, followed by HCL Technologies up 1.17%, Eternal up 0.97%, Axis Bank rising 0.85%, and Maruti Suzuki gaining 0.80%. Adani Ports led the losers with a sharp fall of 1.55%, followed by Trent down 1.06%, Tata Motors slipping 0.85%, Hindustan Unilever down 0.74%, and NTPC falling 0.69%.The Nifty Midcap100 index rose 0.33 percent, while the Nifty Smallcap 100 gained 0.17 percent. Volatility in the market dropped as the India VIX fell 2.27 the sectoral indices, Nifty Media led the gains with a rise of 0.99 percent, followed by Nifty IT up 0.87 percent and Nifty Pharma up 0.75 percent. Nifty Healthcare Index, Nifty Consumer Durables, Nifty PSU Bank, Nifty Private Bank, Nifty Auto, Nifty Metal, Nifty FMCG, and Nifty Financial Services 25/50 also ended with gains ranging between 0.07 percent and 0.61 the downside, Nifty Oil and Gas declined 0.19 percent, and Nifty Realty slipped 0.13 percent."This renewed optimism triggered a strong rebound in the auto, pharma, metals, and energy sectors and aided the market in recalling its trajectory and concluding in the green," said Nair.(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)- Ends
Mint
4 days ago
- Business
- Mint
Small-cap stock under ₹50 jumps over 4% despite weak Indian markets; here's why
Stock Market Today: Small-cap stock under ₹ 50 gained over 4% during intraday trades on Tuesday despite weak Indian markets. Check here what's driving gains for Hazoor Multi Projects Limited. Through a competitive Swiss Challenge bidding procedure, Hazoor Multi Projects Ltd. (HMPL), one of India's fast-growing engineering and infrastructure companies, on 5 August 2025, announced the acquisition of Quippo Oil & Gas Infrastructure Ltd. (Quippo). By reaching this milestone, Hazoor Multi Projects formally enters the upstream oil and gas industry in India, focusing on offshore services. This marks the beginning of a new era of expansion, diversification, and long-term development. The acquisition, which was accomplished through a subsidiary, signifies more than just a change in strategy; it also illustrates HMPL's transformation from a top-performing infrastructure EPC business to a diverse platform that can provide services across high-barrier, capital-intensive industries. It's a daring decision that is in line with national energy priorities and based on market facts. Small-cap stock under ₹ 50: Hazoor Multi Projects share price opened at ₹ 46.28 on the BSE on Tuesday. At the time of opening, the Hazoor Multi Project share price had seen slight gains when compared to Monday's closing price of ₹ 46. Following that, the price of the Hazoor Multi Project share rose to intraday highs of ₹ 47.98, representing gains of over 4% in intraday trading. Even though the Indian stock market had seen a sell-off when the benchmark S&P BSE Sensex fell more than 0.4% during intraday trading, Hazoor Multi Projects' share price increased during the intraday trades. The Hazoor Multi Projects share price that was trading at ₹ 12-13 levels at the start of August 2023 has risen manifold and hence given multibagger returns to the investors. The Hazoor Multi Projects share price is up almost 42000% in the last 5 years.
