Quick Wrap: Nifty Media Index gains 4.39%
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India Gazette
11 minutes ago
- India Gazette
Indian markets hold steady, close flat amid US tariff uncertainty
Mumbai (Maharashtra) [India], July 7 (ANI): Indian stock benchmarks closed their first day of the week with slight gains, as investors remained cautious ahead of anticipated US tariff announcements. At the end of the trading session, Nifty ticked up by 0.0012 per cent at 25,461.30. The BSE's Sensex was up by 9.61 points, reaching 83,442.50. 'Market participants appeared reluctant to take aggressive positions, keeping the broader index range-bound. The sentiment was further dampened by global uncertainty, prompting a defensive approach across key sectors,' said Sundar Kewat, Technical and Derivatives Analyst, Ashika Institutional Equity. US President Donald Trump issued a strong warning to countries supporting what he termed were the anti-American policies of BRICS. In a social media post, Trump stated that any country aligning itself with the 'Anti-American policies of BRICS' will face an additional 10 per cent tariff on goods. 'There will be no exceptions to this policy,' Trump wrote, adding, 'Thank you for your attention to this matter!' Additionally, India and the US have been negotiating over a Bilateral Trade Agreement (BTA) before the critical July 9 deadline of the 90-day pause on tariff escalations. Among the index constituents, Hindustan Unilever, Tata Consumer Products and Nestle India emerged as the top gainers, while BEL and Tech Mahindra were the major losers. On the sectoral front, the Nifty FMCG and Nifty Oil and Gas Index closed in the green zone, while the Nifty Media and Nifty IT indices ended the day in the negative zone. 'The momentum indicators in the smaller time frames are rising from the oversold region, indicating a potential upside from the current level,' said Praveen Dwarakanath, Vice President of 'The index can be volatile owing to the tariff-related news and the expiry of 10th July; however, a dip in the index can be used as an opportunity to go long,' he added. Experts believe markets to remain in range bound till a clear picture of the US tariff comes out. (ANI)
Economic Times
13 minutes ago
- Economic Times
Marathon Nxtgen Realty bulk deal: Nomura sells over 4 lakh shares worth Rs 29 crore
Nomura on Monday sold nearly 4.4 lakh shares in Mumbai-based Marathon Nxtgen Realty in a bulk deal worth over Rs 29 crore. Nomura sold shares via Nomura Singapore at a price of Rs 670.11 per share which was marginally higher from the Friday closing price. ADVERTISEMENT The stock witnessed another bulk deal from NECTA Bloom VCC - NECTA Bloom One where 3.6 lakh shares were offloaded at a deal size of Rs 24 crore. Marathon Nxtgen Realty is a five decade old company based out of Mumbai and claims to have completed over 100 projects in the city. With a market capitalisation of Rs 4,664.15, the company's stock has slightly outperformed the Nifty with over 8% returns in the past 12 months versus 4.7% by the latter in the same period. On the year-to-date basis, this smallcap stock has delivered 15% the shares of Marathon Nxtgen Realty closed at Rs 691.80, gaining by Rs 23.85 or 3.57%. India headline indices Nifty and Sensex today ended flat witnessing selling pressure in the IT stocks ahead of the earnings season which begins on Thursday with the announcement of Q1FY26 results by IT bellwether Tata Consultancy Services (TCS). Markets remain cautious primarily for two big factors -- the deadline of Trump's tariff pause ends Thursday and release of Federal Reserve's June FOMC minutes. ADVERTISEMENT Also Read: Q1 earnings season kicks-off with TCS results on July 10. Check key dates for HDFC Bank, ICICI Bank & more Globally, the stock markets will keep an eye on the commentary on the US economy and inflation and will set the tone for the next policy which begins on July 29. ADVERTISEMENT Nifty today ended the session at 25,461.30, while the BSE Sensex settled at 83,442.50, gaining 9.61 points. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
41 minutes ago
- Time of India
ET Market Watch: Markets flat, tariff fears rise; Trump's warning shakes sentiment
Transcript Hi, you're listening to ET Markets Radio, I am your host Neha V Mahajan. Welcome to a fresh episode of ET Market Watch -- where we bring you the latest news from the world of stock markets every single day. Let's get to it:Flat markets, rising indices stayed muted today, but all eyes are on Donald Trump and his looming tariff Sensex ended flat, up just 9 Almost unchanged at 25, in FMCG and Oil & Gas were wiped out by weakness in Financials and losers? Infosys, Tech Mahindra, and gainers? HUL, Kotak Bank, Reliance, and Godrej Consumer, which soared over 6% after strong Q1 spooked the market?Trump warned of new 10% tariffs starting August 1 — and India may not be targeting BRICS-aligned economies with 'anti-American' trade = say we're in consolidation mode, but the underlying tone is still for Nifty? 25, 25,500 — a breakout here could take us to 25, rupee dropped sharply to 85.85 vs the dollar, worst fall since oil prices bounced back despite an OPEC+ supply global markets? Mostly in the red, waiting for clarity from day on the surface… but under the hood? Global nerves, sectoral churn, and tariff Trump's next move shake the Street?Stay tuned, and stay sharp.
