Stock market update: Nifty Bank index advances 0.21% in an upbeat market
ADVERTISEMENT HDFC Bank Ltd.(up 0.85 per cent), IndusInd Bank Ltd.(up 0.51 per cent), ICICI Bank Ltd.(up 0.47 per cent), Canara Bank(up 0.15 per cent) and Axis Bank Ltd.(up 0.09 per cent) were among the top gainers.
Punjab National Bank(down 2.14 per cent), Kotak Mahindra Bank Ltd.(down 1.06 per cent), Federal Bank Ltd.(down 0.29 per cent), Au Small Finance Bank Ltd.(down 0.28 per cent) and Bank of Baroda(down 0.24 per cent) were the top losers on the index.
The Nifty Bank index was up 0.21 per cent at 57117.95 at the time of writing this report. Benchmark NSE Nifty50 index was up 97.65 points at 25551.05, while the BSE Sensex was up 322.71 points at 83732.4. Among the 50 stocks in the Nifty index, 37 were trading in the green, while 13 were in the red.
ADVERTISEMENT Shares of Vodafone Idea, RattanIndia Power, FSN E-Comm(Nykaa), Ola Electric Mobilit and JP Power were among the most traded shares on the NSE.
Shares of TN Telecom, NACL Industries, Reliance Naval & Engg, Khaitan Chem and Niraj Ispat Ind. hit their fresh 52-week highs in today's trade, while Stampede Cap(DVR), Globe Civil Projects, Raymond Realty, Palred Technologies and Ganga Forging hit fresh 52-week lows in trade.
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The Hindu
18 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.


India Today
28 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


Business Standard
33 minutes ago
- Business Standard
Nifty trades below 24,900 level; European mrkt opens lower
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