Stock market update: Nifty Auto index advances 0.38%
ADVERTISEMENT Shares of MRF Ltd.(up 3.99 per cent), Bosch Ltd.(up 0.88 per cent), Hero MotoCorp Ltd.(up 0.77 per cent), Mahindra & Mahindra Ltd.(up 0.59 per cent) and Samvardhana Motherson International Ltd.(up 0.58 per cent) ended the day as top gainers in the pack.
On the other hand, Bharat Forge Ltd.(down 1.53 per cent), Tube Investments of India Ltd.(down 1.02 per cent), Exide Industries Ltd.(down 0.31 per cent), Balkrishna Industries Ltd.(down 0.07 per cent) and Tata Motors Ltd.(down 0.06 per cent) finished as the top losers of the day.
The Nifty Auto index closed 0.38 per cent up at 23944.4. Benchmark NSE Nifty50 index ended down 46.41 points at 25476.1, while the BSE Sensex stood down 176.43 points at 83536.08. Among the 50 stocks in the Nifty index, 22 ended in the green, while 28 closed in the red.
ADVERTISEMENT Shares of JP Power, Vodafone Idea, RattanIndia Power, PC Jeweller and Ibull Housing Fin were among the most traded shares on the NSE. Shares of Prostarm Info System, Force Motors, Sambhv Steel Tubes, Samhi Hotels and SML Isuzu hit their fresh 52-week highs in today's trade, while Nectar Lifesc, Dreamfolks Services, Sadhana Nitro, TECIL Chemicals and Globale Tessile hit their fresh 52-week lows.
ADVERTISEMENT
(You can now subscribe to our ETMarkets WhatsApp channel)
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
7 hours ago
- Economic Times
Knowledge Realty REIT raises Rs 1620 crore from anchor investors ahead of IPO; Jhunjhunwala among investors
(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
Time of India
8 hours ago
- Time of India
Currency watch: Rupee drops 48 paise to 87.66 against dollar; FII outflows, tariff worries drag
AI image The rupee plunged 48 paise to close at 87.66 against the US dollar on Monday, weighed down by persistent foreign fund outflows, global trade concerns, and rising dollar demand from oil importers. The Indian currency opened at 87.21 and touched an intraday low of 87.73 at the interbank foreign exchange market before settling 48 paise lower from its previous close of 87.18. On Friday, the rupee had staged a sharp rebound of 47 paise, PTI reported. Forex traders attributed the pressure to renewed fears over a wider trade disruption after US President Donald Trump's tariff measures resurfaced. Demand from oil marketing companies also added to the rupee's weakness. 'We expect the rupee to remain weak amid uncertainty over the India-US trade deal and foreign institutional investor (FII) outflows,' said Anuj Choudhary, Research Analyst, commodities and currencies, Mirae Asset Sharekhan. 'However, weakness in the US dollar amid chatter over rate cut expectations in the US due to weak economic data may support the rupee at lower levels,' he added. Choudhary expects the USD-INR pair to trade in a range of 87.40 to 88. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Bogota: Unsold Furniture Liquidation 2024 (Prices May Surprise You) Unsold Furniture | Search Ads Learn More Undo Traders are now eyeing factory order data from the US and the Reserve Bank of India's upcoming monetary policy. The six-member Monetary Policy Committee (MPC), chaired by RBI Governor Sanjay Malhotra, began its three-day meeting on Monday. The outcome of the rate decision will be announced on Wednesday. Brent crude futures fell 1.06% to $68.93 per barrel as OPEC+ confirmed a production hike from September, while softening demand expectations in the US and tariff risks also weighed. The US dollar index, which measures the greenback's strength against six major currencies, was down 0.37% at 98.77. Dilip Parmar, Senior Research Analyst at HDFC Securities, said the rupee's fall was also driven by foreign fund withdrawals and liquidity adjustments linked to a maturing $5 billion forex swap conducted by the RBI. "The forward premium rates also jumped to reflect the potential interest rate differential between the US and India after Friday's jobs data," he noted. US non-farm payroll data showed the economy added just 74,000 jobs in July, well below expectations of 106,000. The June figure was sharply revised to 14,000 from the earlier estimate of 147,000 — increasing pressure on the Federal Reserve to cut interest rates. Despite the currency weakness, Indian equities ended higher. The BSE Sensex gained 418.81 points to close at 81,018.72, while the Nifty climbed 157.40 points to 24,722.75. FIIs remained net sellers, pulling out Rs 2,566.51 crore from domestic equities on Monday, as per exchange data. Stay informed with the latest business news, updates on bank holidays and public holidays . Discover stories of India's leading eco-innovators at Ecopreneur Honours 2025
Economic Times
8 hours ago
- Economic Times
Two Trades for Today: A mid-cap pharma firm for a 6% gain, a large-cap 2-wheeler maker for close to 6% upmove
The market strongly rebounded from its crucial support and rallied to close Monday with a gain. The Nifty opened on a modestly higher note and traded in a range in the initial hour of the session. It stayed choppy initially, but it trended for the rest of the session. The Nifty kept gradually moving higher and managed to maintain its gains until the end of the session. The headline Index closed with a net gain of 157.40 points (+0.64%).This FONT SIZE SAVE PRINT COMMENT
