Barometers pare all gains; Nifty slides below 25,450
Media shares advanced after declining in past two consecutive trading sessions.
At 14:30 IST, the barometer index, the S&P BSE Sensex shed 13.16 points or 0.02% to 83,394.76. The Nifty 50 index lost 29.10 points or 0.12% to 25,424.30.
In the broader market, the S&P BSE Mid-Cap index shed 0.01% and the S&P BSE Small-Cap index jumped 0.45%.
The market breadth was positive. On the BSE, 2,023 shares rose and 1,914 shares fell. A total of 179 shares were unchanged.
Economy:
The seasonally adjusted HSBC India Services PMI Business Activity Index rose to 60.4 in June 2025 against 58.8 in May 2025. Monitored companies linked the upturn to positive demand trends and ongoing improvements in sales. Indian service providers ended the first fiscal quarter on strong footing.
Output and new order intakes rose at the fastest rates since August 2024, aided by another robust expansion in international sales and job creation. New orders expanded at the quickest rate since August 2024. Services companies benefited most from the continued strength of the domestic market, alongside a marked increase in new export business.
The HSBC India Composite PMI Output Index rose from 59.3 in May to 61.0, indicating the fastest rate of expansion in 14 months. Growth quickened at both manufacturers and service providers.
India-US trade deal update:
As per media reports, India and the United States will likely finalise a mini trade deal within the next 48 hours, with negotiations underway in Washington, DC.
India and the US are actively engaged in trade negotiations as the July 9 deadline looms. If a deal is not reached by then, Indian exports to the US could face a total tariff of 36% (10% baseline tariffs plus 26% reciprocal tariffs). Trump has indicated that the deadline may not be extended.
Buzzing Index:
The Nifty Media index rose 0.93% to 1,741.20. The index fell 1.67% in two consecutive trading sessions.
Nazara Technologies (up 2.57%), PVR Inox (up 1.59%), Saregama India (up 1.34%), Zee Entertainment Enterprises (up 1.01%), Network 18 Media & Investments (up 0.67%), Dish TV India (up 0.20%) and Hathway Cable & Datacom (up 0.06%) advanced.
Numbers to Track:
The yield on India's 10-year benchmark federal paper added 0.02% to 6.289 from the previous close of 6.288.
In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 85.3250 compared with its close of 85.6200 during the previous trading session.
MCX Gold futures for 5 August 2025 settlement shed 0.04% to Rs 97,325.
The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.01% to 96.44.
The United States 10-year bond yield lost 0.84% to 4.254.
In the commodities market, Brent crude for September 2025 settlement fell 61 cents or 0.88% to $68.50 a barrel.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
Business Standard
7 minutes ago
- Business Standard
Smallcap media stock soars 54% in 6 days; Ranbir Kapoor to acquire shares
Prime Focus share price: Shares of Prime Focus hit a new high of ₹175.70, surging 10 per cent on the BSE in Friday's intra-day trade after the company's board approved the issue of 462.7 million equity shares on a preferential issue for a total consideration of ₹5,552 crore. In the past six trading days, the stock price of the small-cap media and entertainment company soared 54 per cent. It has zoomed 107 per cent from its 52-week low price of ₹85, which it had touched on March 17, 2025. Board approved preferential issue to promoters and others On Thursday, July 3, the board of directors of Prime Focus has approved the issuance and allotment of up to 462.6 million equity shares of the company for a total consideration value of ₹5,552 crore. The company will issue and allot up to 430.1 million equity shares to the relevant proposed allottees/investors against the company acquiring certain shares in DNEG S.a.r.l, Luxembourg, a step-down subsidiary, pursuant to a share swap, for a total consideration value of ₹5,161 crore. While the remaining 32.5 million equity shares to the relevant proposed allottees/investors against the company raising funds aggregating up to ₹390.5 crore. The names of the non-promoters proposed allotees include Ranbir Kapoor (1.25 million shares), Singularity Equity Fund (2.08 million), Axana Estates LLP (2.08 million) and Novator Capital Limited (111.28 million). Prime Focus to build ₹3,000 crore film city over 200 acres in Mumbai Prime Focus on May 2, announced an ₹3,000 crore investment to set up a 'film city', housing an entire ecosystem related to entertainment. The entertainment company signed a memorandum of understanding (MoU) with the Maharashtra government to create the facility, which has the potential to create up to 2,500 jobs. The MoU proposes an investment of ₹3,000 crore (approximately $400 million) in the development of a new entertainment ecosystem, creating a unique destination for content creators, tourists, and fans of entertainment from all over the world, and creating thousands of highly skilled jobs in the region, Prime Focus said in statement. Investment will create the world's most technologically advanced and digitally connected content creation ecosystem at the heart of one of the world's oldest filmmaking industries. The new hub, which will also feature world-class entertainment and lifestyle experiences, is designed to attract both domestic and international tourism, the company said. Industry outlook By 2026, the Indian animation, VFX, and post-production industry is on track for significant growth, with a projected compounded annual growth rate (CAGR) of 17.5 per cent to reach ₹18,500 crore. India's animation, VFX, and post-production industries are projected to record ₹5,600 crore, ₹8,300 crore, and ₹4,600 crore in revenue by 2026, respectively. In addition, the government incentives offering up to 30 per cent cost reimbursement aim to boost competitiveness and attract foreign collaborations. Adding to the positive outlook, the massive growth of 152 per cent in US demand for adult animation creates substantial outsourcing opportunities for Indian studios, Prime Focus had said in its FY24 annual report.
&w=3840&q=100)
Business Standard
7 minutes ago
- Business Standard
Coal miners spent ₹3K cr on progressive mine closure in 3 years: Official
The official said that in the case of non-coal, the state governments have been a bit slow in carrying out mine closure, with the forfeited money available to them through the Indian Bureau of Mines Press Trust of India Hyderabad About Rs 3,000 crore was spent during the last three years by coal mine operators on progressive mine closure in the country due to the efficient work by the Coal Controller, said a senior official on Friday. Addressing the Indian National Committee of the World Mining Congress (INC WMC) here, V L Kantha Rao, Secretary, Ministry of Mines, also said that when it comes to the non-coal sector, the Controller General of the Indian Bureau of Mines is ensuring that all 1,200 mines are undertaking progressive mine closure. "They (Coal Controller) have ensured that in the existing, there are about 500 coal mines, and people have spent about Rs 3,000 crore in the last three years on progressive mine closure. That's a big achievement, and all the credit goes to this Coal Controller who has ensured that people spend not only at the end of the coal mine but also every five years," Kantha Rao said. He further said that in the case of non-coal, the state governments have been a bit slow in carrying out mine closure, with the forfeited money available to them through the Indian Bureau of Mines. Union Minister G Kishan Reddy, in his address, said as many as 500 mineral blocks have been auctioned to date since the auction regime began, while 119 have been auctioned in the last year alone. Similarly, policy changes have made it easier to do business in mining and encouraged private companies to take part, such as 50-year uniform mining leases, he further said. "No more delays due to lease renewals, easy transfer of permissions, funding support through the National Mineral Exploration Trust, and the first-time launch of exploration licenses to encourage the private sector," Reddy said. As a result of focused efforts, India crossed a historic milestone, producing over 1 billion tonnes of coal for the first time in Indian history. At the same time, coal imports dropped by 7.9 percent, falling to 243 million tonnes in 2025, Reddy added. Kishan Reddy launched vision documents on the aluminium and copper sectors separately. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Time of India
15 minutes ago
- Time of India
Hotmail co-founder Sabeer Bhatia has this advice for Indians: ‘The way I see it, India can become …
Sabeer Bhaita, co-founder of Hotmail has once again stirred a controversy online by praising US, while giving an advice to India citizens. The Indian-origin millionaire recently extended his Fourth of July wishes to the United States, which he referred to as his "adopted country." In the same post Bhaita was seen giving a piece of advice to his fellow Indian citizens. Read Hotmail co-founder Sabeer Bhaita's post here Sabeer Bhaita took to X (formerly known as Twitter) to post his wishes on the 250th anniversary of US. Bhaita's post features American glass emoticon and reads, 'Happy 250th Anniversary to my adopted country," followed by an Indian flag emoji. He then went on to suggest that for India can to reach this same level if the citizens of the country make a fundamental shift in their mindset. "The way I see it, India can become as prosperous as the US — all it takes is a change in the way its citizens think,' Bhatia stated. Sabeer Bhatia again writes post 'shaming' India This is not the first time, that Sabeer Bhaita has written a post criticising India. Last month, Bhatia shared a post on X criticising India's economic progress. Following his earlier Sindoor post, which questioned India's economic pride, Bhatia doubled down with another post, stating that 415 million Indians survive on Rs 265 per day, calling it a 'shame' rather than a cause for celebration. His remarks have drawn brutal backlash from netizens, who questioned his motives and contributions while residing in the United States. In a post on X, Bhatia stated, "Instead of hanging your head in shame that 415 million people in India survive on $3.10/day [approx. Rs 265/day], you brag about being the world's 4th largest economy. Shame on you."
