Stock market update: Nifty Realty index advances 0.08%
ADVERTISEMENT Shares of Brigade Enterprises Ltd.(up 1.71 per cent), Prestige Estates Projects Ltd.(up 1.09 per cent), Macrotech Developers Ltd.(up 0.68 per cent) and Phoenix Mills Ltd.(up 0.48 per cent) ended the day as top gainers in the pack.
On the other hand, Raymond Ltd.(down 1.39 per cent), Oberoi Realty Ltd.(down 1.35 per cent), Anant Raj Ltd.(down 0.59 per cent), DLF Ltd.(down 0.42 per cent) and Sobha Ltd.(down 0.26 per cent) finished as the top losers of the day.
The Nifty Realty index closed 0.08 per cent up at 972.75. Benchmark NSE Nifty50 index ended up 0.3 points at 25461.3, while the BSE Sensex stood up 9.61 points at 83442.5. Among the 50 stocks in the Nifty index, 22 ended in the green, while 28 closed in the red.
ADVERTISEMENT Shares of JP Power, PC Jeweller, RattanIndia Power, Vodafone Idea and YES Bank were among the most traded shares on the NSE. Shares of J G Chemicals, PC Jeweller, Laxmi Goldorna House, Zota Healthcare and Sirca Paints hit their fresh 52-week highs in today's trade, while Dreamfolks Services, Sadhana Nitro, SKIL Infrastructure, Stampede Cap(DVR)and Globe Civil Projects hit their fresh 52-week lows.
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The Print
3 hours ago
- The Print
Sensex advances 270 pts on fag-end buying in banking stocks, gains in Asian peers
The 50-share NSE Nifty climbed 61.20 points or 0.24 per cent to settle at 25,522.50, after a muted trading session. After moving in a narrow range for most of the session, the 30-share barometer rose by 270.01 points or 0.32 per cent to close at 83,712.51. As many as 18 of its constituents ended higher and 12 lower. Mumbai, Jul 8 (PTI) Benchmark BSE Sensex closed higher by 270 points on Tuesday, helped by late-day buying in banking and select IT shares as well as positive trends in the Asian markets. Stock markets moved in a range for most of the session before the emergence of value buying in the pre-close session. Investors are awaiting definitive progress on the proposed India-US trade even as the US extended the suspension of reciprocal tariffs until August 1, experts said. From the Sensex firms, Kotak Mahindra Bank, Eternal, Asian Paints, NTPC, Bharat Electronics Ltd, Adani Ports, Infosys and State Bank of India were among the major gainers. However, Titan tumbled over 6 per cent. Trent, Axis Bank, Maruti and Hindustan Unilever were also among the laggards. The US is close to making a trade deal with India, President Donald Trump has said. 'Now, we've made a deal with the United Kingdom, we've made a deal with China… We're close to making a deal with India. Others we met with and we don't think we're going to be able to make a deal, so we just sent them a letter. If you want to play ball, this is what you have to pay,' Trump said on Monday. The remarks came as the Trump administration sent out the first tranche of 'letters' to various countries on Monday detailing the tariffs that the US will impose on products from those countries entering America. The countries that got these letters, signed by Trump, were Bangladesh, Bosnia and Herzegovina, Cambodia, Indonesia, Japan, Kazakhstan, Lao People's Democratic Republic, Malaysia, Serbia, South Africa, South Korea, Thailand, and Tunisia. In Asian markets, South Korea's Kospi, Japan's Nikkei 225 index, Shanghai's SSE Composite index and Hong Kong's Hang Seng settled in the positive territory. 'The Indian equity market remained largely range-bound as investors awaited definitive progress on the India–US trade agreement. While sentiment remains cautiously optimistic about a potential deal, the lack of formal confirmation has restrained fresh buying activity. 'Moreover, the US decision to extend the deadline for implementing 25% tariffs on key trading partners has led investors to adopt a more defensive approach,' Vinod Nair, Head of Research, Geojit Investments Limited, said. The BSE smallcap gauge declined 0.17 per cent while midcap index ended flat, up by just 0.01 per cent. Among BSE sectoral indices, realty jumped 1.08 per cent, bankex (0.72 per cent), power (0.70 per cent), services (0.68 per cent), utilities (0.68 per cent) and financial services (0.45 per cent). Consumer Durables dropped 1.68 per cent, telecommunication (0.47 per cent), auto (0.37 per cent), and consumer discretionary (0.09 per cent). European markets were trading on a mixed note. The US markets ended lower on Monday. Global oil benchmark Brent crude dipped 0.59 per cent to USD 69.17 per barrel. Foreign Institutional Investors (FIIs) bought equities worth Rs 321.16 crore on Monday, according to exchange data. Domestic Institutional Investors (DIIs) also bought stocks worth Rs 1,853.39 crore. After oscillating between highs and lows on Monday, the Sensex finally ended 9.61 points, or 0.01 per cent, up at 83,442.50. The Nifty ended unchanged at 25,461.30. PTI SUM MR MR This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.


Hans India
4 hours ago
- Hans India
Nifty eyes record highs as late rally sparks optimism; All eyes on US trade deal
After a sluggish start on July 9, the Nifty 50 rebounded impressively, closing near the day's high and gaining 61 points to end at 25,522. A late-session rally—fueled by renewed interest in largecap financials—helped the index break out of a narrow trading range, with analysts now eyeing a potential push towards record highs. Financial giants like Kotak Mahindra Bank, which surged over 3% following a strong Q1 update, were instrumental in lifting market sentiment. Other top gainers included Eternal and Asian Paints, while Titan, Dr. Reddy's, and Bajaj Auto dragged the index, with Titan tumbling nearly 6% on weak jewellery segment performance. The broader markets mirrored the recovery. Despite early losses, the Nifty Midcap 100 slipped only 0.17%, while the Smallcap 100 fell by just 0.29%, signaling a broad-based bounce-back. Sectoral performance was mixed. Nifty Realty, Financial Services, and Private Banks led the gainers, while Consumer Durables, Pharma, and Healthcare saw profit booking. In thematic plays, textile stocks gained sharply after the US imposed a 35% tariff on Bangladesh, raising hopes for increased Indian exports. AMC stocks also saw action following SEBI's proposal to ease mutual fund norms under tighter regulations. Foreign institutional investors (FIIs) continued to sell in the cash market, while domestic institutional investors (DIIs) stepped in as net buyers, cushioning the fall. Market experts remain bullish. Siddhartha Khemka of Motilal Oswal highlighted improving sentiment driven by trade deal hopes and the upcoming earnings season. Technically, analysts see key resistance levels ahead. HDFC Securities' Nandish Shah noted that Nifty has been forming higher highs and lows, with resistance at 25,669. A breakout could target the 26,000 mark, while 25,331 is the support. LKP Securities' Rupak De pointed to a bullish setup on the charts, citing a green candle forming after a hammer and doji pattern—often a signal of further upside. He placed resistance at 25,600–25,800 and support around 25,400. Angel One's Rajesh Bhosale added that a move above 25,700 could trigger fresh highs, with 25,300–25,450 acting as a buffer zone on the downside. Nagaraj Shetti of HDFC Securities echoed the positive trend, saying a breakout above 25,700 may push Nifty towards the 26,000–26,200 zone. Immediate support lies at 25,425. As global cues, especially the US trade negotiations, remain pivotal, traders are advised to watch key levels for the next leg of market movement.


India Gazette
5 hours ago
- India Gazette
Sensex, Nifty recovered on anticipation of mini trade deal with US: Experts
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