Markets end lower; HDFC Bank, foreign fund outflows drag
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Indian Express
16 hours ago
- Indian Express
Stocks to Watch on Monday, July 7: BEML, Tata Steel, Tata Power, KPI Green Energy, DMart and more
Stocks to Watch: Stocks of several companies will remain in focus on Monday (July 7) including state-owned BEML, Tata Steel, Tata Power, Godrej Consumer, Bank of Maharashtra, and KPI Green Energy, among others. On Friday, benchmark indices Sensex and Nifty ended higher in a highly volatile trade amid a buying rush in banking and other bellwether stocks on the back of a rally in the US markets. After oscillating between highs and lows in intra-day trade, the 30-share BSE Sensex ended 193.42 points or 0.23 per cent higher at 83,432.89, reports PTI. During the day, it hit a high of 83,477.86 and a low of 83,015.83, gyrating 462.03 points. The 50-share NSE Nifty inched up by 55.70 points or 0.22 per cent to 25,461. BEML Ltd, a public sector undertaking, on Friday announced that it has secured two prestigious export orders with a combined value of USD 6.23 million from the Commonwealth of Independent States (CIS) region, including Uzbekistan. Tata Steel on Friday said it has received a demand notice of Rs 1,902 crore from Deputy Director of Mines in Jajpur for alleged shortfall in dispatch of minerals from its Sukinda Chromite Block in Odisha. In a filing, the steel maker said it will pursue suitable legal remedies before the appropriate judicial or quasi-judicial forums. 'The company has received a Demand Letter issued by the Office of Deputy Director of Mines, Jajpur, in connection with revised assessment of shortfall in dispatch of minerals from the company's Sukinda Chromite Block, for the fourth year in terms of Mine Development and Production Agreement (i.e., July 23, 2023 through July 22, 2024),' Tata Steel said. Tata Power is transitioning from a pure-play solar and wind company to become a force in the hybrid renewable energy market and is also ready to take part in nuclear power development in future, Chairman N Chandrasekaran said on Friday, reports PTI. Godrej Consumer Products expects its margin from India business to stay below 'normative range' in June quarter, but is likely to deliver high-single digit value growth aided by volume expansion. As per PTI, the company's volume growth, in its standalone business, has been strongly competitive and is sequentially improving, said the Godrej Industries Group FMCG arm in its quarterly updates. State-owned Bank of Maharashtra (BoM) on Friday said it has registered a credit growth of 15.36 per cent to Rs 2.41 lakh crore in the April-June quarter. The outstanding credit was Rs 2.09 lakh crore at the end of the first quarter of previous fiscal, BoM said in a regulatory filing. The Pune-headquartered lender reported a 14.08 per cent increase in total deposits to Rs 3.09 lakh crore in the reporting quarter against Rs 2.67 lakh crore at the end of the first quarter of the previous financial year. KPI Green Energy Ltd on Friday said it has secured an order to set up a 100 MW solar project from a private entity. The project will be set up in Gujarat, the company said in a regulatory filing. The scope of work includes end-to-end EPC (Engineering, Procurement & Construction) delivery and supply of advanced module mounting systems and balance-of-plant materials. Avenue Supermarts Ltd, which owns and operates retail chain DMart, has reported 16.2 per cent increase in standalone revenue from operations at Rs 15,932.12 crore for June quarter FY26. The company logged a revenue of Rs 13,711.87 crore in April-June period a a year ago, Avenue Supermarts said in a BSE filing. The total number of stores as of June 2025 stood at April-June FY24, revenue from operations was at Rs 11,584.44 crore. (With inputs from PTI)
Business Upturn
21 hours ago
- Business Upturn
Nifty top losers this week (July 5): Trent, Axis Bank, Kotak Mahindra Bank, Shriram Finance and more
The Indian stock market benchmarks—Sensex and Nifty 50—snapped their two-day losing streak on Friday, July 4, closing slightly higher amid mixed global cues. The BSE Sensex rose 193 points (0.23%) to end at 83,432.89, while the NSE Nifty 50 gained 56 points (0.22%) to settle at 25,461. However, despite the Friday rebound, both indices logged nearly 1% weekly losses, putting an end to their two-week winning run. Several major stocks underperformed this week, with Trent, Axis Bank and Kotak Mahindra Bank leading the losses. Let's take a closer look at the top 10 losers of the Nifty 50 this week, according to Trendlyne. Trent Closed at ₹5,456, falling 9.4% this week. The stock also saw a sharp intraday drop of 11.9% on Friday. Axis Bank Ended the week at ₹1,177.6, down 3.9% over the past five sessions. Kotak Mahindra Bank Settled at ₹2,129.8, registering a 3.5% weekly decline. Shriram Finance Finished at ₹676.2, slipping 3.4% during the week. Tata Consumer Products Ended at ₹1,089.7, with a weekly fall of 3.1% . SBI Life Insurance Closed at ₹1,799.7, down 2.8% on the week. HDFC Life Insurance Settled at ₹785.1, posting a 2.7% decline over the week. Nestle India Finished at ₹2,392.8, losing 2.7% during the week. Bajaj Finserv Ended at ₹1,994.4, with a 2.4% drop from last week. Larsen & Toubro Closed the week at ₹3,594.6, marking a 2.3% decline. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Axis BankKotak Mahindra BankNiftyShriram FinanceStock MarketTrent Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Upturn
21 hours ago
- Business Upturn
Nifty top gainers this week (July 5): Apollo Hospitals, Bharat Electronics, Asian Paints, UltraTech Cement and more
By Aman Shukla Published on July 5, 2025, 09:50 IST Indian stock market benchmarks—the Sensex and the Nifty 50—ended higher on Friday, July 4, snapping their two-day losing streak. The BSE Sensex rose by 193 points, or 0.23%, to close at 83,432.89, while the NSE Nifty 50 gained 56 points, or 0.22%, to settle at 25,461. However, on a weekly basis, both indices ended their two-week winning run by slipping nearly 1% each. Several Nifty 50 stocks posted impressive weekly gains, with Apollo Hospitals, Bharat Electronics and Asian Paints leading the charge. Let's take a look at the top gainers of Nifty 50 this week, as per Trendlyne data. Top Stock Gainers This Week Apollo Hospitals rose 3.4% during the week and closed at ₹7,553.5 on Friday. Bharat Electronics gained 3.2% this week, ending at ₹427.6. Asian Paints added 2.8% over the week and settled at ₹2,424.2. UltraTech Cement advanced 2.4% and closed at ₹12,506.0. Infosys moved up 2.0% during the week, ending at ₹1,640.7. Wipro gained 1.9% and finished the week at ₹270.1. Hindustan Unilever rose 1.4% and closed at ₹2,339.3. JSW Steel was up 1.2% for the week, ending at ₹1,041.4. ONGC added 1.0% and closed at ₹245.2 on Friday. Tata Steel gained 1.0% during the week, settling at ₹163.0. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Apollo HospitalsAsian PaintsBharat ElectronicsNiftyUltraTech Cement Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
