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Monika Alcobev IPO lists today. Check GMP ahead of debut

Monika Alcobev IPO lists today. Check GMP ahead of debut

Economic Times2 days ago
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Stock markets fall for second day; Sensex tanks 721 points
Stock markets fall for second day; Sensex tanks 721 points

The Hindu

time18 minutes ago

  • The Hindu

Stock markets fall for second day; Sensex tanks 721 points

Stock markets declined for the second day in a row on Friday (July 25, 2025), with the Sensex tumbling 721 points due to heavy selling in financial, IT and oil & gas shares amid persistent foreign fund outflows. The 30-share BSE Sensex tanked 721.08 points or 0.88 per cent to settle at over a month's low of 81,463.09. During the day, it plunged 786.48 points or 0.95 per cent to 81,397.69. The 50-share NSE Nifty dropped 225.10 points or 0.90 per cent to a month's low of 24,837. Analysts said a weak trend in Asian and European markets also dented investors' sentiment. Vinod Nair, Head of Research, Geojit Investments Limited, said, "Subdued corporate results and lacklustre global cues triggered a broad-based sell-off across domestic equities. Elevated valuations in large-cap stocks, coupled with significant net short positions held by FIIs, added to the downward pressure." Among Sensex firms, Bajaj Finance declined 4.73 per cent post its June quarter earnings announcement. Power Grid, Infosys, Tech Mahindra, Bajaj Finserv, Trent, Tata Motors, NTPC and Adani Ports were also among the laggards. However, Sun Pharma and Bharti Airtel emerged as gainers. Foreign Institutional Investors (FIIs) offloaded equities worth ₹2,133.69 crore on Thursday, according to exchange data. However, Domestic Institutional Investors (DIIs) bought stocks worth ₹2,617.14 crore. In Asian markets, Japan's Nikkei 225 index, Shanghai's SSE Composite index and Hong Kong's Hang Seng settled lower while South Korea's Kospi ended in positive territory.. European markets were trading lower. The U.S. markets ended on a mixed note on Thursday (July 24). India and the U.K. signed a landmark free trade agreement on Thursday, which, starting next year, will see 99 per cent of Indian exports enter the UK duty-free, while reducing tariffs on British products such as cars and whisky. The deal, which comes days ahead of the US moratorium on higher tariffs coming to an end, aims to double the USD 56 billion trade between the world's fifth and sixth largest economies by 2030. Global oil benchmark Brent crude climbed 0.32 per cent to USD 69.40 a barrel. On Thursday, the Sensex tanked 542.47 points or 0.66 per cent to settle at 82,184.17. The Nifty dropped 157.80 points or 0.63 per cent to 25,062.10.

Sensex drops 732 points; investors lose ₹6.5 lakh crore in a day— 10 key highlights from the Indian stock market today
Sensex drops 732 points; investors lose ₹6.5 lakh crore in a day— 10 key highlights from the Indian stock market today

Mint

time19 minutes ago

  • Mint

Sensex drops 732 points; investors lose ₹6.5 lakh crore in a day— 10 key highlights from the Indian stock market today

The Indian stock market ended with significant losses for the second consecutive session on Friday, July 25. The Sensex closed 721 points, or 0.88 per cent, down at 81,463.09, while the Nifty 50 settled 225 points, or 0.90 per cent, lower at 24,837. The market saw an overall sell-off, and the mid- and small-cap segments ended with even deeper losses. The BSE Midcap index declined 1.46 per cent, while the Smallcap index crashed 1.88 per cent. Investors lost nearly ₹ 6.5 lakh crore in a single day as the cumulative market capitalisation of BSE-listed firms dropped to nearly ₹ 451.7 lakh crore from ₹ 458.11 lakh crore in the previous session. Weak earnings, delayed India-US trade deal, relentless foreign capital outflow amid stretched valuation of the domestic market are the key factors behind the market's downtrend. "Subdued corporate results and lacklustre global cues triggered a broad-based sell-off across domestic equities. Elevated valuations in large-cap stocks, coupled with significant net short positions held by FIIs, added to the downward pressure," Vinod Nair, Head of Research, Geojit Investments, observed. "Investor sentiment remained fragile amid ongoing uncertainty over US-India tariff negotiations and the ECB maintaining the status quo, with rate cuts deferred until clearer insights emerge on the inflationary impact of trade developments. Moderation in DII inflows after the strong buying of the last two to three months, due to a muted earnings season and persistent FII selling, continues to impact the current market," said Nair. Only seven stocks managed to end in the green in the Nifty 50 index, among which Cipla (up 3.17 per cent), SBI Life Insurance Company (up 2.07 per cent), and Apollo Hospitals (up 1.50 per cent) stood at the top. Shares of Bajaj Finance (down 4.81 per cent), Shriram Finance (down 3.64 per cent), and IndusInd Bank (down 2.64 per cent) ended as the top losers in the index. Barring Nifty Healthcare (up 0.69 per cent) and Pharma (up 0.54 per cent), all sectoral indices ended with losses, with Media (down 2.61 per cent), Oil & Gas (down 1.96 per cent), PSU Bank (down 1.70 per cent), and Metal (down 1.64 per cent) losing heavily. Nifty Bank dropped 0.94 per cent, while the Financial Services ended 0.88 per cent lower. Jayaswal Neco Industries (34.72 crore shares), Vodafone Idea (23.83 crore shares), and Ola Electric Mobility (13.61 crore shares) were the most active stocks in terms of volume on the NSE. Defying weak market sentiment, 15 stocks, including The Phosphate Company, Aashka Hospitals, Sharda Cropchem, Kellton Tech Solutions, Sharika Enterprises, and Vimta Labs, surged over 10 per cent on the BSE. B-Right Realestate, Eighty Jewellers, Jonjua Overseas, and Hexaware Technologies were among the seven stocks that crashed more than 10 per cent on the BSE. Out of 4,154 stocks traded on the BSE, 1,116 advanced, while 2,893 declined. Some 145 stocks remained unchanged. While the stock market ended with significant losses, as many as 111 stocks, including ICICI Bank, eClerx Services, Home First Finance Company India, Laurus Labs, Sai Life Sciences, Shyam Metalics and Energy, and Torrent Pharmaceuticals, hit their 52-week highs in intraday trade. Praveen Dwarakanath, Vice President of pointed out that the Nifty sharply fell from its resistance of 25,200 and closed near its support at 24,800, indicating a possible bounce in the index from the current level. Dwarakanath further highlighted that the index has closed near the lower Bollinger band, a support from which can push the index upside. The momentum indicators in today's fall have entered the oversold region, which can also push the markets upward from current levels. Dwarakanath also said the index is at a strong weekly buy level between 24,600 and 24,800. A bounce from this level can present a strong selling opportunity near the 25,200 levels. Read all market-related news here Read more stories by Nishant Kumar

Sensex ends 721 points lower, Nifty below 24,900; Bajaj Finance falls 5%
Sensex ends 721 points lower, Nifty below 24,900; Bajaj Finance falls 5%

India Today

time28 minutes ago

  • India Today

Sensex ends 721 points lower, Nifty below 24,900; Bajaj Finance falls 5%

Benchmark stock indices ended sharply lower on Thursday, extending their losing streak amid a surge in market volatility and weak global S&P BSE Sensex dropped 721.08 points to close at 81,463.09, while the NSE Nifty50 fell 225.10 points to settle at 24,837. Broader market indices also came under heavy selling pressure, with small-cap and mid-cap stocks witnessing steeper losses. Volatility surged through the session, exacerbating the weakness across Nifty50 constituents, Cipla, SBI Life, Apollo Hospitals, Dr Reddy's, and Sun Pharma ended as the top gainers. On the flip side, Bajaj Finance, Shriram Finance, IndusInd Bank, Bajaj Auto, and Tech Mahindra were the biggest laggards. According to Vinod Nair, Head of Research at Geojit Financial Services, 'Subdued corporate results and lacklustre global cues triggered a broad-based sell-off across domestic equities. Elevated valuations in large-cap stocks, coupled with significant net short positions held by FIIs, added to the downward pressure.'He added that sentiment remained fragile amid ongoing uncertainty over U.S.-India tariff negotiations and the European Central Bank's decision to hold interest rates steady. 'Moderation in DII inflows after strong buying over the last 2–3 months, combined with a muted earnings season and persistent FII selling, continues to impact the market,' Nair Mishra, SVP of Research at Religare Broking, echoed the cautious tone, noting that the market remained under pressure through the day due to earnings disappointments. 'Nifty slipped below its immediate support at 24,900 and settled at 24,837. Sectorally, most indices ended in the red, with energy, metal, and auto being the top losers,' he also flagged the broader market weakness, with the Nifty midcap and smallcap indices falling between 1.63% and 2.16%. 'The recent correction reflects growing concerns around earnings disappointments and cautious management commentary, which are weighing heavily on investor confidence. Additionally, continued selling by FIIs is exacerbating the pressure,' Mishra the Nifty now below 24,900, he pegs immediate support at 24,700, with a more significant base in the 24,450–24,550 zone. 'Traders are advised to align their positions with the prevailing trend and refrain from averaging down on loss-making trades,' Mishra added.(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.)- EndsMust Watch

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