Nifty trades above 25,200; PSU bank shares rally for 3rd day
PSU bank shares extended gains for the third consecutive trading session.
At 14:30 IST, the barometer index, the S&P BSE Sensex advanced 135.56 points or 0.16% to 82,706.47. The Nifty 50 index added 33.95 points or 0.14% to 25,230.45.
The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.20% and the S&P BSE Small-Cap index added 0.36%.
The market breadth was negative. On the BSE, 2,279 shares rose and 1,697 shares fell. A total of 187 shares were unchanged.
Buzzing Index:
The Nifty PSU Bank index jumped 1.98% to 7,279.90. The index rallied 3.61% in three consecutive trading sessions.
Indian Overseas Bank (up 2.66%), Punjab & Sind Bank (up 2.64%), Punjab National Bank (up 2.44%), UCO Bank (up 2.41%), Bank of Baroda (up 2.08%), State Bank of India (up 2.01%), Indian Bank (up 1.89%), Bank of India (up 1.88%), Canara Bank (up 1.68%) and Union Bank of India (up 1.39%) advanced.
Numbers to Track:
The yield on India's 10-year benchmark federal paper rose 0.03% to 6.315 from the previous close of 6.312.
In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 85.9250 compared with its close of 85.7625 during the previous trading session.
MCX Gold futures for 5 August 2025 settlement rose 0.29% to Rs 97,495.
The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.10% to 98.20.
The United States 10-year bond yield fell 0.16% to 4.484.
In the commodities market, Brent crude for September 2025 settlement declined 18 cents or 0.26% to $68.53 a barrel.
Stocks in Spotlight:
Rajoo Engineers dropped 4.81%. The company said that its board has approved the opening of the issue of qualified institutional placement (QIP) of equity shares with a floor price of Rs 114.42 per equity share.
Network 18 Media & Investments surged 15.32% after the company reported a standalone net profit of Rs 516.17 crore in Q1 FY26 as against a net loss of Rs 74.65 crore posted in Q1 FY25. However, revenue from operations tanked 4.9% year-on-year (YoY) to Rs 430.40 crore in the quarter ended 30 June 2025.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
India.com
14 minutes ago
- India.com
Vietnam's VinFast Enters India with First EV Showroom In Gujarat, Plans 35 Outlets By Year-End
New Delhi: Vietnamese electric vehicle maker VinFast on Sunday opened its first showroom in India at Gujarat's Surat as the company looks to tap the growing market for electric cars in the country. The showroom will showcase the company's electric SUV variants VF 6 and VF 7, which will be launched as right-hand drive variants for the first time. "The vehicles will be locally assembled at VinFast's upcoming factory at Thoothukudi in Tamil Nadu, reinforcing the company's long-term commitment to India as a strategic market and future hub for electric vehicle production," a VinFast statement said. VinFast plans to open 35 dealerships across over 27 cities in the country by the year-end. Vehicles will be assembled at its upcoming manufacturing facility in Thoothukudi, Tamil Nadu. Vietnamese EV giant VinFast opens First Indian Showroom in Surat,Gujrat. Aims 35 Showrooms across India By 2025 end. — Indian Infra Report (@Indianinfoguide) July 27, 2025 Located in Surat's Piplod area, the showroom will showcase the brand's upcoming premium electric SUVs – the VF 6 and VF 7 – for which pre-bookings opened on July 15. Customers can reserve their vehicle at showroom their vehicle at showrooms or online through with a fully refundable deposit of Rs 21,000, the statement said. VinFast Asia CEO Pham Sanh Chau said: "The first VinFast Showroom in Surat is a symbol of our deep commitment to India. We are excited to bring the VinFast experience closer to Indian consumers. With this dealership in Gujarat, we aim to offer not just electric vehicles, but a complete ownership journey built on quality trust and service excellence.' The Vietnamese EV maker has formed partnerships with RoadGrid, myTVS, and Global Assure to provide charging and after-sales services across India. The company has also joined hands with BatX Energies to promote battery recycling and establish a circular battery value chain, reinforcing its commitment to sustainable innovation. Earlier this month, the Elon Musk-run Tesla launched its Model Y in India, at prices starting at Rs 59.89 lakh, with its first showroom in Mumbai. Tesla will be importing the Model Y as a completely built unit (CBU) from its manufacturing facility in Shanghai in China.
The Hindu
14 minutes ago
- The Hindu
China, U.S. to extend tariff pause at Sweden talks by another 90 days: Report
Beijing and Washington are expected to extend their tariff truce by another three months at trade talks in Stockholm beginning on Monday (July 28, 2025), the South China Morning Post (SCMP) reported on Sunday, citing people familiar with the matter. During the expected 90-day extension, the U.S. and China will agree not to introduce new tariffs or take other actions that could further escalate the trade war, the report said. While the earlier discussions in Geneva and London focused on "de-escalation", the latest meeting the Chinese delegation will also press Mr. Trump's trade team on fentanyl-related tariffs, the report further said, citing three sources familiar with the matter. Reuters could not immediately verify the report. The White House did not immediately respond to requests for comment. The third round of U.S.-China talks is set to be held in Stockholm on Monday to tackle longstanding economic disputes at the centre of the countries' trade war.
Mint
14 minutes ago
- Mint
Trump says US-EU trade deal is close — But sticking points remain
US President Donald Trump on Sunday expressed optimism over reaching a trade deal with the European Union, even as the clock ticks toward an August 1 deadline that could trigger sweeping tariffs on EU exports to the United States. Speaking at the start of a high-stakes meeting with European Commission President Ursula von der Leyen at his Turnberry golf resort on Scotland's western coast, Trump said there was a 'good chance' of striking an agreement, despite 'three or four main sticking points' — most notably around what he called 'fairness' in car and agricultural exports. US President Donald Trump on Sunday expressed confidence that the United States and the European Union could strike a trade deal, even as a looming August 1 deadline threatens to trigger sweeping tariffs on EU exports. Trump said at the start of a meeting with European Commission President Ursula von der Leyen at his Turnberry golf resort in Scotland that 'three or four main sticking points' remain, with the key issue being 'fairness,' particularly regarding barriers to US car and agricultural exports. Von der Leyen acknowledged that talks were balanced on a knife's edge, saying there was a '50-50' chance of securing an agreement before the deadline. 'President Trump is a tough negotiator and dealmaker,' she said ahead of the meeting. 'If we reach an agreement, it will be the biggest deal either of us has done.' She also emphasised that any deal would need to be based on fairness and a rebalancing of the current trade relationship between the two economies. The high-stakes meeting comes amid escalating pressure from Washington, which has threatened to impose a 30% across-the-board tariff on EU goods unless a deal is reached. Currently, EU exports already face tariffs of 25% on automobiles, 50% on steel and aluminum, and an additional 10% on other goods. The European Commission, representing all 27 EU member states, has been striving to avoid further economic strain and prevent retaliation, while preserving a transatlantic trade relationship worth approximately $1.9 trillion annually. Sunday's face-to-face meeting between Trump and von der Leyen was a last-ditch effort to avoid a transatlantic trade rupture. A breakthrough, if reached, could avert what both sides view as a damaging trade war and offer a path forward for stabilizing US-EU relations amid broader geopolitical tensions.
