
Stock market update: Nifty Auto index advances 0.44%
Shares of Bosch Ltd.(up 6.05 per cent),
Hero MotoCorp Ltd
.(up 1.58 per cent),
Maruti Suzuki India Ltd
.(up 1.03 per cent),
Samvardhana Motherson International
Ltd.(up 0.89 per cent) and
Bajaj Auto Ltd
.(up 0.32 per cent) ended the day as top gainers in the pack.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
15 Most Beautiful Female Athletes in the World
WomenSportOnline.com
Click Here
Undo
On the other hand,
Tube Investments of India Ltd
.(down 1.42 per cent), Bharat Forge Ltd.(down 0.97 per cent),
Balkrishna Industries Ltd
.(down 0.62 per cent),
Ashok Leyland Ltd
.(down 0.46 per cent) and MRF Ltd.(down 0.2 per cent) finished as the top losers of the day.
The Nifty Auto index closed 0.44 per cent up at 24004.95.
Benchmark NSE Nifty50 index ended down 48.11 points at 25405.3, while the BSE Sensex stood down 170.22 points at 83239.47.
Live Events
Among the 50 stocks in the Nifty index, 21 ended in the green, while 29 closed in the red.
Shares of
Vodafone Idea
,
RattanIndia Power
, JP Power, Tata Steel and FSN E-Comm(Nykaa)were among the most traded shares on the NSE.
Shares of
DCM Shriram
, Shree Global,
Quality Power Electr
, TN Telecom and Ellenbarrie Ind. Gas hit their fresh 52-week highs in today's trade, while Stampede Cap(DVR),
Sadhana Nitro
,
Globe Civil Projects
,
Mahalaxmi Fabric Mil
and R K Swamy hit their fresh 52-week lows.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Time of India
25 minutes ago
- Time of India
Pfizer stock soars as earnings smash expectations, and company raises outlook
PFE stock: Pfizer 's stock rose more than 2% in early trading Tuesday after the pharmaceutical giant reported stronger-than-expected earnings and raised its full-year profit forecast because of the cost-cutting efforts and solid sales of its Covid products and other key drugs, as per a CNBC report. Pfizer's Stock Soars After Raising Profit Forecast The company now expects adjusted earnings per share for 2025 to come in between $2.90 and $3.10, up from its previous guidance of $2.80 to $3, according to the report. Pfizer also maintained its 2025 revenue forecast of $61 billion to $64 billion, as reported by CNBC. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program Pfizer CFO David Denton said, 'We raised our full-year 2025 Adjusted diluted EPS guidance, demonstrating confidence in our ability to execute against our strategic priorities and deliver strong results for shareholders,' as quoted in the CNBC report. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 20 Pieces of Clothing Older Women should Avoid Learn More ALSO READ: Plastic Treaty 2025: Will world leaders finally address the $1.5 trillion health crisis in Geneva? How Pfizer Is Handling Political Pressure on Drug Prices The firm's upbeat outlook comes despite the challenges posed by US political pressure to lower drug prices, including tariffs and potential pricing reforms advocated by US president Donald Trump, as per the CNBC report. The company factored in these headwinds, along with a one-time $1.35 billion charge related to a licensing deal for its cancer treatment outside China, which will hit its third-quarter results, according to the report. Live Events Pfizer's Q2 Results Surprise Wall Street in a Big Way Investors were encouraged by Pfizer's second-quarter performance, which blew past Wall Street's expectations, as per the CNBC report. Adjusted earnings per share came in at 78 cents, which was well above the 58 cents analysts predicted, as reported by CNBC. Revenue also surged 10% year-over-year to $14.65 billion, according to the CNBC report. ALSO READ: As the July jobs report paints a grim picture, 114 companies plan layoffs in August - is yours on the list? Pfizer's Covid Products Lead Revenue Growth Behind the growth were Pfizer's Covid products, including its Comirnaty vaccine, which saw a 96% revenue increase from last year because of a larger market share and more international contracts, as per the CNBC report. The company's antiviral pill Paxlovid also posted strong sales, which rose 70% from the prior year despite fewer Covid infections worldwide, according to the CNBC report. Other drugs like Vyndaqel, used to treat heart muscle disease, as well as bladder cancer treatment Padcev and blood thinner Eliquis, contributed to the positive sales momentum, as per the report. However, the company faced headwinds from its breast cancer drug Ibrance, which saw lower US prices due to Medicare reforms and generic competition, according to the CNBC report. Pfizer's Cost-Cutting Plans to Boost Profits The second quarter results come after the firm in April increased its cost-cutting efforts, which aim to help the pharmaceutical firm recover from the rapid decline of its Covid business and stock price over the past few years, as per the report. Along with the added cuts announced in April, the company now expects to deliver around $7.7 billion in savings by the end of 2027 from two separate cost-cutting program, as reported by CNBC. FAQs What helped Pfizer's revenue grow this quarter? Mostly its Covid vaccine and antiviral pill, along with strong sales from other drugs like heart and cancer treatments, as per the CNBC report. What's Pfizer doing to cut costs? They've ramped up cost-cutting programs and expect to save about $7.7 billion by the end of 2027, as per the CNBC report.


Time of India
25 minutes ago
- Time of India
iPhone-maker Foxconn sells former GM factory that its chairman had called 'most important electric vehicle manufacturing and R&D hub in North America', says …
Foxconn has sold the former General Motors (GM) factory in Ohio which it acquired three years ago, via TechCrunch. The plant, which was supposed to become a key electric vehicle (EV) manufacturing site, has failed to manufacture any major EV. In a regulatory filing with the Taiwan Stock exchange, Foxconn announced that it sold the factory and surrounding land for about $88 million. It also sold machinery and equipment from its EV businesses for $287 million. The buyer is named Crescent Dune LLC, a business created in Delaware just 12 days before the sale. Foxconn did not provide more details about the buyer. Foxconn bought the factory in 2021 for $230 million when it was owned by EV startup Lordstown Motors. At the time, Foxconn Chairman Young Liu said the plant would be the 'most important electric vehicle manufacturing and R&D hub in North America.' Notably, this is Foxconn's second high-profile failure to deliver on US manufacturing promises. Earlier, the company had pledged to build a large LCD factory in Wisconsin, which President Trump had called the 'eighth wonder of the world.' But the project failed to meet expectations. Foxconn's plans to build EVs at the factory faced several setbacks. Three of the EV startups Foxconn partnered with—Lordstown Motors, IndiEV, and Fisker—filed for bankruptcy between 2023 and 2024. Another company, Monarch Tractor, has produced only a few hundred electric tractors at the site. Monarch's CEO has not commented on whether production will continue in Ohio. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Discover the AI-powered language app that's changing how everyone learns Talkpal AI Undo Foxconn did manage to build a few EVs for Lordstown Motors before a dispute arose. Lordstown later accused Foxconn of cutting off funding and deliberately damaging the business, which filed for bankruptcy in June 2023. What Foxconn says on Ohio factory sale The report quotes a Foxconn spokesperson who told Automotive News that the company will still be involved in making products at the Lordstown facility. The company said it remains 'committed to customers and suppliers' in the automotive sector. However, a report by The Wall Street Journal said Foxconn now plans to build AI servers at the factory. iOS 26 Public Beta Is Here: Apple's Biggest Redesign Since iOS 7 AI Masterclass for Students. Upskill Young Ones Today!– Join Now


Business Standard
31 minutes ago
- Business Standard
Sensex settles 308 pts lower; oil & gas shares slide
The key equity benchmarks ended with moderate cuts today, pressured by mixed Q1 earnings and renewed global jitters after U.S. President Donald Trump threatened steep tariffs on India. The Nifty settled a tad below the 24,650 mark. Oil & gas, pharma and FMCG shares declined, while auto and metal shares advanced. As per provisional closing data, the barometer index, the S&P BSE Sensex, dropped 308.47 points or 0.38% to 80,710.25. The Nifty 50 index declined 73.20 points or 0.30% to 24,649.55. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index fell 0.14% and the S&P BSE Small-Cap index shed 0.27%. The market breadth was negative. On the BSE, 1,752 shares rose and 2,294 shares fell. A total of 151 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, declined 2.13% to 11.71. Trump Tariffs: U.S. President Donald Trump has announced his plans to significantly raise tariffs on Indian exports to the country. "India is not only buying massive amounts of Russian oil, but they are then, for much of the oil purchased, selling it on the open market for big profits, Trump reportedly wrote on a social media platform. India said it was being 'targeted by the U.S. and the European Union over its imports of Russian oil after U.S. President Donald Trump, in an overnight social media post, threatened New Delhi with much steeper tariffs. India began importing oil from Russia only after traditional supplies were diverted to Europe following the outbreak of the Russia-Ukraine war in 2022, the Indian foreign ministry reportedly said in a statement. The ministry stated that it was revealing that the very nations criticizing Indianamely the EU and the themselves engaging in trade with Russia. The EUs bilateral trade with Russia stood at 67.5 billion euros ($78.1 billion) in 2024, while its services trade in 2023 was at 17.2 billion euros, according to European Commission data. Citing that data, India said the blocs trade was significantly more than Indias total trade with Russia. Economy The seasonally adjusted HSBC India Services PMI Business Activity Index edged up to 60.5 in July 2025 from 60.4 in June, indicating a sustained expansion in the countrys services sector. Indian service providers reported a notable improvement in international demand, securing new business from Asia, Canada, Europe, the UAE, and the US. The pace of expansion in external sales was sharp, marking the second-fastest growth in a year, trailing only Mays performance. The HSBC India Composite PMI Output Index was up fractionally from 61.0 in June to 61.1 in July, indicating a sharp rate of expansion that was the quickest since April 2024. New Listing: Shares of Aditya Infotech were at Rs 1,084 on the BSE, representing a premium of 60.59 % compared with the issue price of Rs 675. The scrip was listed at Rs 1,018, exhibiting a premium of 50.81% to the issue price. The stock has hit a high of Rs 1,104.20 and a low of Rs 1,014.65. On the BSE, over 19.04 lakh shares of the company were traded in the counter. Shares of Laxmi India Finance were at Rs 134 on the BSE, representing a discount of 15.19% compared with the issue price of Rs 158. The scrip was listed at Rs 136, exhibiting a discount of 13.92% to the issue price. The stock has hit a high of Rs 146.70 and a low of Rs 133. On the BSE, over 7.67 lakh shares of the company were traded in the counter. IPO Update: The initial public offer (IPO) of Highway Infrastructure received bids for 37,34,26,745 shares as against 1,60,43,046 shares on offer, according to stock exchange data at 15:36 IST on Tuesday (5 August 2025). The issue was subscribed 23.28 times. Buzzing Index: The Nifty Oil & Gas index dropped 1.04% to 11,035.85. The index rose 0.87% in the past trading session. Mahanagar Gas (down 2.56%), Petronet LNG (down 1.93%), GAIL (India) (down 1.72%), Adani Total Gas (down 1.5%), Hindustan Petroleum Corporation (down 1.47%), Aegis Logistics (down 1.33%), Reliance Industries (down 1.3%), Bharat Petroleum Corporation (down 0.9%), Indian Oil Corporation (down 0.72%) and Oil & Natural Gas Corpn (down 0.15%) fell. On the other hand, Castrol India (up 1.14%), Oil India (up 1.04%) and Gujarat State Petronet (up 0.82%) edged higher. Stocks in Spotlight: Godfrey Phillips India soared 9.99% after the companys consolidated net profit climbed 55.89% to Rs 356.31 crore in Q1 FY26, compared with Rs 228.56 crore in Q1 FY25. Total revenue from operations (excluding excise duty) increased 36.54% year-on-year to Rs 1,486.2 crore in Q1 FY26. Angel One shed 0.99%. The brokers client base jumped 28.18% to 33.06 million in July 2025, compared with 25.79 million in the same month last year. Aurobindo Pharma fell 1.04% after the companys consolidated net profit tumbled 10.3% to Rs 824.75 crore despite of 4.5% increase in revenue from operations to Rs 7791.77 crore in Q1 FY26 over Q1 FY25. Azad Engineering jumped 4.03% after the companys consolidated net profit surged 73.59% to Rs 29.72 crore on 39.30% increase in revenue from operations to Rs 137.09 crore in Q1 FY26 over Q1 FY25. GPT Infraprojects jumped 2.40% after the companys consolidated net profit surged 39.84% to Rs 23.48 crore in Q1 FY26 as against Rs 23.48 crore posted in Q1 FY25. Revenue from operations jumped 29.33% YoY to Rs 312.63 crore in the quarter ended 30 June 2025. The Anup Engineering declined 1.34% after the companys consolidated net profit tanked 16.71% to Rs 26.26 crore in Q1 FY26 as against Rs 31.53 crore in Q4 FY25. Revenue from operations declined 20.96% to Rs 175.23 crore in Q1 FY26 over Q4 FY25. Delta Corp dropped 1.55%. The companys consolidated net profit jumped 35.89% to Rs 29.46 crore on 3.5% increase in revenue from operations to Rs 184.17 crore in Q1 FY26 over Q1 FY25. Siemens Energy India rose 0.36%. The company reported an 80% year-on-year rise in net profit to Rs 263 crore in Q3 June 2025. Revenue from operations grew 20% YoY to Rs 1,785 crore, supported by healthy order execution and a strong backlog. Alembic Pharmaceuticals declined 2.30%. The companys consolidated net profit jumped 14.18% to Rs 156.63 crore in Q1 FY26, compared with Rs 134.54 crore in Q1 FY25. Revenue from operations grew 9.54% year on year (YoY) to Rs 1,710.72 crore in the quarter ended 30 June 2025. DLF fell 1.81%. The company reported an 18.13% rise in consolidated net profit to Rs 762.67 crore in Q1 FY26, compared with Rs 645.61 crore posted in Q1 FY25. Revenue from operations surged 99.41% year-on-year (YoY) to Rs 2,716.70 crore in the quarter ended 30 June 2025. Global Markets: European markets traded higher on Tuesday as investors absorbed a fresh wave of corporate earnings ahead of the release of final regional activity data. Asian shares ended higher, marking a second straight day of gains, as investor optimism grew that the Federal Reserve will take steps to support the worlds largest economy. A few Bank of Japan board members said the central bank would consider resuming interest rate increases if trade friction de-escalates, minutes of its June policy meeting reportedly showed on Tuesday. At the June 16-17 meeting, the BOJ kept interest rates steady at 0.5% and decided to decelerate the pace of its balance sheet drawdown next year, signaling its preference to move cautiously in removing remnants of its massive stimulus. Meanwhile, South Koreas consumer prices rose 2.1% in July from a year earlier, slightly slower than the rise of 2.2% in June, government data showed on Tuesday. On Wall Street, all three major averages soared into the green on Monday, with the Dow Jones Industrial Average recouping its losses from Fridays session. The blue-chip index climbed 585.06 points, or 1.34%, to finish the day at 44,173.64. Additionally, the broad market S&P 500 and the tech-heavy Nasdaq Composite rocketed higher by 1.47% and 1.95%, ending at 6,329.94 and 21,053.58, respectively.