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Sensex, Nifty pare gains; realty shares decline

Sensex, Nifty pare gains; realty shares decline

The key equity indices reversed all gains and traded with minor losses in the mid-morning trade. The Nifty traded below the 25,100 level. Realty shares declined after advancing for previous trading session.
At 11:30 ST, the barometer index, the S&P BSE Sensex, shed 18.92 points or 0.02% to 82,177.22. The Nifty 50 index fell 31.45 points or 0.13% to 25,057.90.
In the broader market, the S&P BSE Mid-Cap index shed 0.46% and the S&P BSE Small-Cap index fell 0.08%.
The market breadth was negative. On the BSE, 1,798 shares rose and 1,928 shares fell. A total of 202 shares were unchanged.
Economy:
India's core industries comprising eight sectors reported 1.7% growth in June 2025, down from 5% in the same month of 2024, data released on Monday by Ministry of Commerce and Industry showed.
On a month-on-month basis, the expansion in June is relatively up, when these key sectors grew by 1.2%.
Commerce ministry data showed the production of steel, cement and refinery products recorded positive growth in June 2025.
The Index of Eight Core Industries (ICI) measures the combined and individual performance of production of eight core industries -- Coal, Crude Oil, Natural Gas, Refinery Products, Fertilizers, Steel, Cement and Electricity.
The Eight Core Industries comprise 40.27% of the weight of items included in the Index of Industrial Production (IIP).
The cumulative growth rate of ICI during April to June, 2025-26 is 1.3% (provisional) as compared to the corresponding period of last year.
Buzzing Index:
The Nifty Realty index shed 0.97% to 996.45. The index rose 0.64% in the previous trading session.
Anant Raj (down 2.56%), Raymond (down 1.92%), Phoenix Mills (down 1.65%), Godrej Properties (down 1.58%) and Brigade Enterprises (down 0.93%), DLF (down 0.89%), Lodha Developers (down 0.89%), Oberoi Realty (down 0.58%), Sobha (down 0.39%) and Prestige Estates Projects (down 0.3%) down.
Stocks in Spotlight:
Sagar Cements fell 2.63%. The company reported a consolidated net profit of Rs 7.49 crore in Q1 FY26, compared with a net loss of Rs 32.20 crore posted in Q1 FY25. Revenue from operations increased 19.63% to Rs 670.66 crore in Q1 FY26 as against Rs 560.60 crore in Q1 FY25.
Parag Milk Foods declined 3.79%. The company reported a 1.02% increase in consolidated net profit to Rs 27.58 crore in Q1 FY26 from Rs 27.30 crore posted in Q1 FY25. Revenue from operation rose by 12.34% year-over-year (YoY) to Rs 851.52 crore during the period under review.
Global Markets:
Asian stocks traded mixed on Tuesday as investors turned cautious ahead of the looming August 1 deadline for potential US trade tariffs. Japanese stocks, in particular, saw sharp swings after Prime Minister Shigeru Ishibas ruling coalition lost its majority in the upper house.
Wall Street offered little direction, with US indices closing mostly flat overnight despite hitting fresh intraday records. The spotlight this week remains firmly on corporate earnings, with Tesla and Alphabet set to report on Wednesday.
By the close in New York, the Dow slipped 0.04%, the S&P 500 inched up 0.14%, and the Nasdaq rose 0.38%.
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CM Sai courts steel investors in Chhattisgarh, promises incentives and support
CM Sai courts steel investors in Chhattisgarh, promises incentives and support

Time of India

time21 minutes ago

  • Time of India

CM Sai courts steel investors in Chhattisgarh, promises incentives and support

Advt Advt Chief Minister Vishnu Deo Sai on Monday urged steel entrepreneurs from across India to set up their production units in Chhattisgarh, highlighting the incentives offered under his government's new Industrial Policy and the state's rich mineral the ' Green Steel and Mining Summit ' organised by the Confederation of Indian Industry (CII) for its eastern region in Raipur, he emphasised Chhattisgarh's potential as a future hub for green steel manufacturing."Our government's new industrial policy places a special focus on the steel sector. Entrepreneurs engaged in green steel production will receive dedicated grants under this policy," Sai noted that under Prime Minister Narendra Modi's leadership, India has doubled its steel production capacity from 100 million tonnes to 200 million tonnes in the last 10 years with a national target of reaching 300 million tonnes by 2030."In line with this vision, Chhattisgarh aims to raise its own steel production capacity from 28 million tonnes to 45 million tonnes with all groundwork already completed," the CM BJP leader underscored that Chhattisgarh's abundant mineral resources and well-developed infrastructure provide a strong foundation for industrial expansion."This growth will boost the state economy and generate employment at the grassroots level. We are fully committed to maximizing job creation through the manufacturing sector," he CM told the gathering that "Chhattisgarh Anjor Vision @ 2047", a roadmap, has been prepared to align with the national goal of Viksit Bharat @2047", which aims to make India a developed nation in 22 years from 'Anjor Vision' document outlines a phased development strategy with manufacturing identified as the core focus area, especially steel and power, the backbone industries of Chhattisgarh, he Railway infrastructure in the state has been significantly enhanced, and rapid construction is underway to further strengthen the network. The expansion includes ongoing projects worth Rs 47,000 crore. New routes, such as Rowghat-Jagdalpur line and Kirandul to Kothagudem line in Telangana (138 km of which will pass via Bastar), are being developed, the CM a new Railway corridor from Kharsia in Raigarh to Parmalkasa in Rajnandgaon will streamline the supply of raw materials and distribution of finished goods, significantly reducing production costs, he informed the state's new Industrial Policy features a single-window clearance system and over 350 reforms to improve the ease of doing business, Sai CM declared that industries adopting green energy solutions will receive additional support, including special corridors are being developed at a rapid pace, and new industrial parks are being established in the state. The government is offering special grants to private players to set up these parks, he CM urged entrepreneurs present at the summit to invest in Chhattisgarh and set up their units in the informed them about plans to develop a large steel cluster in the proposed State Capital Region that includes Raipur, Durg, and than 250 industrial representatives from five states - West Bengal, Odisha, Jharkhand, Bihar, and Chhattisgarh - attended the explored industrial prospects in Chhattisgarh and held fruitful discussions, a release said.

Asian markets slip: Tariff talks cloud investor sentiment; US-China talks cast shadow
Asian markets slip: Tariff talks cloud investor sentiment; US-China talks cast shadow

Time of India

time24 minutes ago

  • Time of India

Asian markets slip: Tariff talks cloud investor sentiment; US-China talks cast shadow

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Key indices slip to 2-mth low
Key indices slip to 2-mth low

Hans India

timean hour ago

  • Hans India

Key indices slip to 2-mth low

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