Benchmarks trade in positive terrain; European mrkt decline
PSU Bank, media and IT shares advanced while metal, pharma and auto stocks declined.
At 13:25 IST, the barometer index, the S&P BSE Sensex advanced 76.42 points or 0.09% to 82,644.33. The Nifty 50 index added 11.70 points or 0.06% to 25,208.90.
The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.21% and the S&P BSE Small-Cap index added 0.32%.
The market breadth was negative. On the BSE, 1,915 shares rose and 1,969 shares fell. A total of 208 shares were unchanged.
Gainers & Losers:
State Bank of India (SBI) (up 2.06%), Nestle India (up 1.80%), Wipro (up 1.71%), Inofsys (up 1.44%) and Adani Ports & Special Economic Zone (up 1.77%) were major Nifty gainers.
Shriram Finance (down 2.56%), Eternal (down 1.44%) and Hero Motocorp (down 1.26%), Sun Pharmaceutical Industries (down 1.26%) and JSW Steel (down 1.15%) were major Nifty losers.
Stocks in Spotlight:
Network 18 Media & Investments jumped 13.89% after the company reported a standalone net profit of Rs 516.17 crore in Q1 FY26 as against a net loss of Rs 74.65 crore posted in Q1 FY25. However, revenue from operations tanked 4.9% year-on-year (YoY) to Rs 430.40 crore in the quarter ended 30 June 2025.
ICICI Lombard General Insurance Company rose 1.01% after the company reported standalone net profit of Rs 747.08 crore in Q1 FY26, up 28.72% as against Rs 580.37 crore posted in Q1 FY25. Total income rose 13.66% year on year to Rs 6,083.36 crore in the quarter ended 30 June 2025.
Just Dial declined 3.30%. The company reported a 13.05% jump in standalone net profit to Rs 159.65 crore on a 6.16% increase in revenue from operations to Rs 297.86 crore in Q1 FY26 over Q1 FY25.
HDFC Life Insurance Company rose 0.42% after the companys standalone net profit jumped 14.40% to Rs 546.46 crore on 15.63% increase in net premium income to Rs 14,466.09 crore in Q1 FY26 over Q1 FY25.
Jindal Steel & Power (JSPL) shed 0.88%. The company announced that its chief financial officer, Mayank Gupta, has stepped down from his role, effective post business hours on 15 July 2025.
Hathway Cable & Datacom jumped 9.83% after the companys consolidated net profit surged 68.92% to Rs 31.03 on a 5.55% increase in revenue from operations to Rs 530.50 crore in Q1 FY26 over Q1 FY25.
HDB Financial Services slipped 2.95% after the company reported a 2.40% decline in net profit to Rs 567.70 crore, despite a 14.97% increase in total revenue from operations to Rs 4,465.40 crore in Q1 FY26 compared to Q1 FY25.
Global Markets:
Most European market declined as hot U.S. and U.K. inflation prints, concern about the regional semiconductor sector weighed on sentiment.
Most Asian market declined on Wednesday after US President Donald Trump claimed a preliminary trade deal with Indonesia, which surprisingly includes a 19% tariff on the countrys exports to the US.
Eyes are also on Indonesias central bank, which is expected to announce its policy decision later today.
Back in the US, stocks ended mostly lower on Tuesday despite early gains in tech. The S&P 500 slipped 0.4% and the Dow tumbled 0.98%, while the Nasdaq eked out a modest 0.18% rise. Both the S&P 500 and Nasdaq briefly touched record highs before retreating.
June's consumer price index came in slightly hotter than expected, reigniting concerns that fresh tariffs could add more heat to inflation. According to the Bureau of Labor Statistics, consumer prices rose 2.7% year-on-year and climbed 0.3% between May and June. The data bolstered expectations that the Federal Reserve will hold off on any rate cuts for now.
Tariff jitters were far from over. Trump doubled down Tuesday evening, confirming that his proposed 200% tariffs on pharmaceutical imports will kick in by month-end, alongside a broader package of trade levies. Earlier, he announced a 30% tariff on imports from Mexico and the EU. The European Union pushed back sharply and is reportedly preparing retaliatory tariffs on US products including cars and alcohol.
In earnings land, Wall Streets biggest banks kicked off the season with a bang. JPMorgan Chase, Citigroup, and Wells Fargo all topped Q2 profit estimates, thanks to solid performance in both consumer and investment banking segments.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
39 minutes ago
- Time of India
Cryptocurrency Live News & Updates : Dow Jones Declines, Tesla Stock Plummets Post Earnings
24 Jul 2025 | 11:55:14 PM IST Tesla's stock fell 9% following disappointing earnings, impacting market sentiment, while Alphabet and IBM reported positive results, leaving U.S. markets mixed. In the latest market developments, Tesla's disappointing earnings led to a significant 9% drop in its stock, negatively affecting investor sentiment. This decline contributed to a 200-point drop in the Dow Jones, despite positive earnings from Alphabet and IBM, which helped the Nasdaq and S&P 500 to rise slightly. Meanwhile, Stellar Lumens (XLM) experienced a sharp decline of over 20%, but signs of increased on-chain activity and stablecoin adoption suggest a potential rebound. Gala (GALA) is at a critical juncture, with its price action testing a key support level that could determine its next move. Additionally, Tether is preparing for future USDT issuance on the Ethereum network, indicating ongoing developments in the stablecoin sector. Lastly, OPTO Miner has launched a mobile platform for cloud-based crypto mining, aiming to simplify access to cryptocurrency mining while promoting sustainability through clean energy. These updates reflect the dynamic nature of the cryptocurrency market, with both challenges and opportunities emerging for investors. Show more
NDTV
42 minutes ago
- NDTV
Easemytrip Co-Founder Says Bangalore Traffic Will Improve By 25-30%, Shares Update On Project
EaseMyTrip co-founder Prashant Pitti has shared a major update on his plans to improve Bengaluru traffic. In a recent post on X (formerly Twitter), he said that he is confident that the city's traffic can be improved by 25-30 per cent within a year. Recently, he even pledged Rs 1 crore to address the massive traffic issues in India's Silicon Valley. Pitti met with key stakeholders, including the Bengaluru Traffic Police, Bruhat Bengaluru Mahanagara Palike (BBMP), City Police, Google India, IISc researchers and mobility entrepreneurs as he mentioned a crucial step of "Collaboration at Scale". 🚨 MAJOR UPDATE on Bangalore Traffic Project! I am confident of improving Bangalore traffic by 25-30% within a year's time --- 1. Collaboration at Scale In just 10 days, after meeting the commissioners of BTP, BBMP, CP, Google team, IISC professors, Scientist, Road Engineers,… — Prashant Pitti (@ppitti) July 24, 2025 "All three newly appointed commissioners were very kind to invite me to showcase existing capabilities AND collaborate to work together. For the first time we are bringing all key public and private players - to the same table," Pitti said is a post on X (formerly Twitter). While mentioning "Quick Optimization Projects", Pitti listed four points. Bangalore Traffic Simulators: Using simulation models developed by BTP and IISc to generate dynamic re-routing suggestions and predict gridlocks. Fixing Feedback Loop: Enhancing the government's existing complaint app to report potholes, illegal parking, broken signals, and other issues, with public display of complaints and action taken. Hyperlocal Rain Predictor: Developing a forecasting tool to help authorities plan roadwork better and prevent unnecessary delays due to unexpected rainfall. Green Wave Signals: Implementing a pilot project to sync traffic lights along routes for smoother vehicular flow. "If we continue to wait for the infra to become better, then we are merely playing a catch-up game with the West. There is so much scope to optimize current infra, and I would rather focus on that," he said while mentioning the step "The Vision for India". A WhatsApp community has also been launched to crowdsource feedback from daily commuters on trouble zones, which will be compiled and shared with civic authorities. Pitti has requested mobility data from Google, Uber, Ola, and Rapido to improve predictive models and prevent gridlocks. "Join our WhatsApp Community, where I will regularly post the next-steps. Plus we need more info from each one of you. On which junction/road, you face massive traffic issue. So we can present them to the right authorities. Link to join below in the comment section," he wrote.
Mint
an hour ago
- Mint
Oil Rises as Trade Talk Progress Undercuts Eased Venezuela Curbs
(Bloomberg) -- Oil gained as technical support turbocharged a rally sparked by progress in international trade talks, undercutting a US move to restore Chevron Corp.'s ability to pump oil in Venezuela. West Texas Intermediate climbed 1.2% to settle above $66 a barrel, following four sessions of declines. The European Union and the US are progressing toward a deal that would set a 15% tariff for most imports, similar to the one President Donald Trump struck with Japan. That would be a smaller rate than investors feared, with the US president earlier threatening a 30% levy on most goods if an agreement wasn't reached by Aug. 1. The US benchmark also pushed through its 50-day moving average, triggering a spate of technical buying just ahead of the market's close. The technical boost erased an earlier slide spurred by the Trump administration's decision to let Chevron resume pumping oil in Venezuela, raising the prospect of increased supplies flooding into a market already facing the threat of oversupply. US imports of Venezuelan crude have ground to a halt, down from 300,000 barrels a day in January, according to Matt Smith, Americas lead oil analyst at market intelligence firm Kpler. Still, energy products from the Latin American country have already accounted for 15% of waterborne deliveries to the US Gulf Coast this year, he added. 'The revocation of Chevron's license has been to the benefit of China, given barrels have been redirected there,' Smith said. 'Perhaps the realization of this, along with the supply issues on the US Gulf Coast, has been a driver behind the reversal of the decision.' Oil prices have been in a holding pattern this month, with tightness in global diesel markets offset by expectations of a deluge of crude supply from OPEC as the group raises production quotas. While diesel inventories in the US are starting to build back up, they're still at the lowest seasonal level since 1996. The relative calm comes after a period of choppy trading that Norwegian oil giant Equinor ASA said Wednesday had hurt its energy trading business. France's TotalEnergies SE painted a dour outlook Thursday, saying the oil market is facing 'abundant supply that is fueled by OPEC 's decision to unwind some voluntary production cuts.' To get Bloomberg's Energy Daily newsletter in your inbox, click here. More stories like this are available on
