Stock market update: Nifty Bank index falls 0.23%
ADVERTISEMENT Shares of Punjab National Bank(up 3.92 per cent), Bank of Baroda(up 3.09 per cent), Canara Bank(up 2.91 per cent), Federal Bank Ltd.(up 2.27 per cent) and State Bank of India(up 1.86 per cent) ended the day as top gainers in the pack.
On the other hand, Axis Bank Ltd.(down 2.12 per cent), Kotak Mahindra Bank Ltd.(down 2.02 per cent), ICICI Bank Ltd.(down 1.13 per cent) and HDFC Bank Ltd.(down 0.67 per cent) finished as the top losers of the day.
The Nifty Bank index closed 0.23 per cent down at 57312.75. Benchmark NSE Nifty50 index ended down 120.75 points at 25517.05, while the BSE Sensex stood down 452.44 points at 83606.46. Among the 50 stocks in the Nifty index, 20 ended in the green, while 30 closed in the red.
ADVERTISEMENT
Shares of Vodafone Idea, RattanIndia Power, Suzlon Energy, JP Power and YES Bank were among the most traded shares on the NSE.
Shares of Euro India Fresh, Sanofi Consumer Heal, Force Motors, Indef Manufacturing and Banco Products hit their fresh 52-week highs in today's trade, while Rajoo Engineers, SKIL Infrastructure, Sadhana Nitro, CMI Ltd and Varanium Cloud hit their fresh 52-week lows.
ADVERTISEMENT
(You can now subscribe to our ETMarkets WhatsApp channel)
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hindustan Times
21 minutes ago
- Hindustan Times
Sensex and Nifty surge on optimism over US trade deal
Benchmark indices Sensex and Nifty rallied in early trade on Wednesday amid optimism around a possible trade agreement with the US. India's manufacturing sector growth rose to a 14-month high of 58.4 in June.(REUTERS file) Buying in IT blue-chip stocks also drove the equity markets higher during the initial trade. The 30-share BSE Sensex climbed 236.56 points to 83,933.85 in early trade. The 50-share NSE Nifty went up by 66.3 points to 25,608.10. From the Sensex firms, Infosys, Tech Mahindra, Tata Steel, Sun Pharma, Tata Consultancy Services and Tata Motors were among the biggest gainers. However, Bajaj Finserv, Asian Paints, Bharat Electronics and Bajaj Finance were among the laggards. India's manufacturing sector growth rose to a 14-month high of 58.4 in June marked by improved trends in output and new orders, alongside a record upturn in employment, a monthly survey said on Tuesday. The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index – an indicator of sector performance - was 57.6 in May. "The market is expected to open on a positive note, supported by strong domestic cues such as a 14-month high in manufacturing PMI, a narrowing trade deficit, and optimism around a potential trade agreement with the US," Vikas Jain, Head of Research at Reliance Securities, said in his pre-market views. Gross GST collection increased by 6.2 per cent to over ₹ 1.84 lakh crore in June but slipped below the ₹ 2 lakh crore mark recorded in the previous two months. The GST mop-up stood at ₹ 1.74 lakh crore a year ago, as per government data released on Tuesday. "After breaking the 24,500-25,000 range Nifty has moved to the new range of 25,200-25,800. Positive news about a possible trade deal between India and the US can help break the upper limit of the range but it would be difficult to sustain the Nifty at higher levels for long. A surprise element is the resilience of the US economy and corporate earnings, which in turn is imparting resilience to the US market, despite the tariffs," VK Vijayakumar, Chief Investment Strategist, Geojit Investments, said. In Asian markets, South Korea's Kospi, Japan's Nikkei 225 index and Shanghai's SSE Composite index were trading lower while Hong Kong's Hang Seng index quoted higher. The US markets ended on a mixed note on Tuesday. Global oil benchmark Brent crude traded 0.06 per cent up at USD 67.15 a barrel. Foreign Institutional Investors (FIIs) offloaded equities worth ₹ 1,970.14 crore on Tuesday, according to exchange data. In the previous trading session, the Sensex rose by 90.83 points or 0.11 per cent to settle at 83,697.29. The Nifty gained 24.75 points or 0.10 per cent to close at 25,541.80.
Business Standard
36 minutes ago
- Business Standard
Indices trade near flat line; realty shares extent losses for 5th day
The domestic equity benchmarks traded with minor cuts in morning trade. The Nifty traded above the 25,550 mark. Realty shares extended losses for the fifth consecutive trading sessions. At 10:30 IST, the barometer index, the S&P BSE Sensex shed 11.96 points or 0.02% to 83,688.14. The Nifty 50 index lost 24.55 points or 0.10% to 25,516.65. In the broader market, the S&P BSE Mid-Cap index fell 0.35% and the S&P BSE Small-Cap index declined 0.48%. The market breadth was negative. On the BSE 1,481 shares rose and 2,093 shares fell. A total of 199 shares were unchanged. New Listing: Shares of HDB Financial Services were currently trading at Rs 836.65 at 10:10 IST on the BSE, representing a premium of 13.06% compared with the issue price of Rs 740. The scrip was listed at Rs 835, exhibiting a premium of 12.83% to the issue price. So far, the stock has hit a high of 845.75 and a low of 834.40. On the BSE, over 34.29 lakh shares of the company were traded in the counter so far. Shares of Sambhv Steel Tubes were currently trading at Rs 100.75 at 10:10 IST on the BSE, representing a premium of 22.87% compared with the issue price of Rs 82. The scrip was listed at Rs 110.10, exhibiting a premium of 34.26% to the issue price. So far, the stock has hit a high of 110.89 and a low of 96.17. On the BSE, over 41.83 lakh shares of the company were traded in the counter so far. Buzzing Index: The Nifty Realty index declined 0.70% to 977.35. The index fell 4.15% in five consecutive trading sessions. Anant Raj (down 1.66%), Prestige Estates Projects (down 1.42%), DLF (down 1.17%), Sobha (down 0.85%), Oberoi Realty (down 0.71%), Phoenix Mills (down 0.63%), Godrej Properties (down 0.58%), Brigade Enterprises (down 0.58%) and Macrotech Developers (down 0.03%) declined. Stocks in Spotlight: Hero MotoCorp rose 0.21%. The company reported dispatching 553,963 units of motorcycles and scooters in June 2025, marking a 10.03% increase compared to 503,448 units dispatched in June 2024. JSW Energy shed 0.95%. The company said that its step-down subsidiary, JSW Renew Energy Thirty Seven has signed battery energy storage purchase agreements (BESPA) with Rajasthan Rajya Vidyut Utpadan Nigam (RVUNL) for 250 MW/500 MWh standalone battery energy storage system. Adani Ports and Special Economic Zone declined 0.21%. The company said that it has handled 41.3 MMT of cargo volume in June 2025, which is higher by 12% as compared with the volume of 37 MMT handled in June 2024.
&w=3840&q=100)
Business Standard
an hour ago
- Business Standard
Ceigall India share jumps 6% as arm bags order worth ₹1199.30-cr from NHAI
Ceigall India share price: Ceigall India shares were buzzing in trade on July 2, 2025, with the stock rising up to 6.24 per cent to hit an intraday high of ₹288.40 per share. At 10:32 AM, Ceigall India shares continued to trade higher, up 2.08 per cent at ₹277.10 per share. In comparison, BSE Sensex was trading flat with a negative bias at 83,641.72 levels. Why did Ceigall India share price rise in trade today? Ceigall India share price rose after the company said its subsidiary, Ceigall Northern Ayodhya Bypass Private Limited, has secured a contract worth ₹1,199.30 crore from National Highways Authority of India (NHAI). In an exchange filing, Ceigall India said, 'We are pleased to inform you that Ceigall Northern Ayodhya Bypass Private Limited, a subsidiary of the Company, has received a letter dated July 1, 2025 from National Highways Authority of India, notifying July 9, 2025 as the 'Appointed Date' for the Project.' Under the terms of the projects, Ceigall India will be responsible for construction of 4/6 Lane Northern Ayodhya Bypass total length of 35.40 kms of Part-1 north of NH-27, from km 0+000 to km 30+400 (starting near existing km 112+540, ending at km 139+928 of NH-27) and Part-2 south of NH-27 from km 0+000 to km 5+000 of total length 35.400 on HAM basis under NHDP Phase-V-II in the State of Uttar Pradesh. Ceigall India Q4 results The company's consolidated revenue from operations came in at 1011.6 crore (Q4FY25), as against 931.9 crore in the same quarter a year ago (Q4FY24). Ceigall India's profit after tax (PAT) dropped ₹72.4 crore in Q4FY25, from ₹108.1 crore in the same quarter a year ago. At the operating level, earnings before interest, tax, depreciation and amortisation (Ebitda) came in at ₹127.9 crore in Q4FY25, down from ₹152.6 crore in Q4FY24. Subsequently, Ebitda margin squeezed to 12.64 per cent in Q4FY25, from 16.38 per cent in Q4FY24. On Q4 results, Ramneek Sehgal, managing director of Ceigall India said, 'We are delighted to report a steady performance for the period ending FY25. Our consolidated revenue from operations (excluding bonus & royalty) increased by 13.8 per cent to ₹3417.9 crore. For the same period, our Ebitda and PAT stood at ₹499.5 crore and ₹286.6 crore, respectively. As of March 31, 2025, our total order book stands at 10,806.2 crore, reflecting a healthy book-to-bill ratio. This includes a composition of 85.4 per cent from roads, highways, flyovers, tunnels, 13.3 per cent from railways & metros, and 1.3 per cent from bus terminals.' About Ceigall India Ceigall India is among the fastest-growing engineering, procurement, and construction (EPC) companies in India, based on its three-year revenue CAGR as of FY24. In FY24, the company reported a year-on-year (Y-o-Y) revenue growth of approximately 43.1 per cent, one of the highest among its peers. Ceigall has successfully completed over 34 infrastructure projects, including 16 EPC, one Hybrid Annuity Model (HAM), five Operation & Maintenance (O&M), and 12 Item Rate contracts, primarily in the roads and highways sector. Currently, the company is executing 22 projects, comprising 14 EPC, 1 Build-Operate-Transfer (BOT), and 7 HAM projects. These span a wide range of infrastructure segments, including elevated corridors, bridges, flyovers, rail overbridges, tunnels, expressways, runways, metro systems, and multi-lane highways.
