Value buying lifts key indices
Among Sensex firms, Reliance Industries rose the most by 2.21 per cent. Gains in HDFC Bank, Larsen & Toubro, Bharti Airtel and Tata Motors also aided the rally. Asian Paints, Adani Ports, Tata Steel, Maruti and Bajaj Finance were also among the gainers. However, Axis Bank, Tata Consultancy Services, Titan and ITC were among the laggards. 'Amidst lingering uncertainties over the ongoing US-India trade negotiations, the domestic equity market staged a modest recovery from intra-day lows. Investor sentiment remains cautious ahead of key global events, including policy decisions from the US Fed and the August 1 reciprocal tariff deadline. 'Sustenance of this rally is likely to be positive in the near term with an eye on the above details, including Q1 results and this week's monthly expiry,' Vinod Nair, Head of Research, Geojit Investments Limited, said.
The BSE smallcap gauge jumped 1.10 per cent and midcap rallied 0.84 per cent. All BSE sectoral indices ended higher. Realty surged the most by 1.64 per cent, followed by telecommunication (1.50 per cent), energy (1.22 per cent), industrials (1.20 per cent), healthcare (1.15 per cent), commodities (1.05 per cent) and auto (0.92 per cent). As many as 2,486 stocks advanced while 1,515 declined and 154 remained unchanged on the BSE. 'Indian equities rebounded sharply on Tuesday, breaking a three-day losing streak as value buying and easing volatility lifted sentiment,' Gaurav Garg, Lemonn Markets Desk, said.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 6,082.47 crore on Monday, according to exchange data. The recovery in the Nifty was driven by oversold positions in heavyweight stocks, coupled with the presence of strong support at the 100-day EMA, Ajit Mishra - SVP, Research, Religare Broking Ltd, said.
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Hindustan Times
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- Hindustan Times
US man laments decline of local shops in America, praises Europe's walkable street culture. Video
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Hindustan Times
24 minutes ago
- Hindustan Times
Short-term hiccups, long-term rewards
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Well known television anchors have selflessly advised the government to 'draw a line' because, apparently, 'Trump always chickens-out'. Given that the Indian Parliament is in session, news channels have one sound bite after another on this crucial relationship, the state of the Indian economy, and much else. Friends in Washington D.C. who have spent a lifetime building trust between the two countries are appalled. 'What is lost,' argues Evan Feigenbaum, a former US official who played a key role in getting the US-India civil nuclear agreement across the line, 'is trust that took 25 years of painstaking, hard, bipartisan work and a huge lift by advocates in both countries'. Trust, the former official argues, is 'hard to build, easy to lose'. To be sure, within India, those who have remained sceptical, to put it mildly, of deepening US-India ties find themselves back in the limelight. Russian social media handles are electrified. 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Hindustan Times
24 minutes ago
- Hindustan Times
L&T terminated Corridor-2, Corridor-4 contracts of suburban rail project illegally: K-RIDE
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