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The Hindu
08-07-2025
- Business
- The Hindu
Markets trade marginally higher after muted start
Equity benchmark indices Sensex and Nifty were trading marginally higher in the morning trade on Tuesday after a weak beginning as investors stayed on the sidelines ahead of the formal announcement of a trade deal with the U.S. Rally in Asian markets and fresh foreign fund inflows also helped markets recover the early lost ground, analysts said. After a muted start, the 30-share BSE Sensex further declined 121.55 points to 83,320.95 in early trade. The 50-share NSE Nifty dipped 37.15 points to 25,424.15. However, soon both the benchmark indices recovered the early lost ground and were trading marginally higher. The BSE benchmark quoted 86.13 points higher at 83,526.55, and the Nifty traded 19.75 points up at 25,481.05. From the Sensex firms, Kotak Mahindra Bank, Eternal, Bharat Electronics Ltd, Tata Motors, NTPC, and Adani Ports were among the major gainers. However, Titan, Mahindra & Mahindra, Sun Pharma, HCL Tech, and Trent were among the laggards. The US is close to making a trade deal with India, President Donald Trump has said. "Now, we've made a deal with the United Kingdom, we've made a deal with China… We're close to making a deal with India. Others we met with and we don't think we're going to be able to make a deal, so we just sent them a letter. If you want to play ball, this is what you have to pay," Trump said on Monday. The remarks came as the Trump administration sent out the first tranche of "letters" to various countries on Monday detailing the tariffs that the US will impose on products from those countries entering America. The countries that got these letters, signed by Mr. Trump, were Bangladesh, Bosnia and Herzegovina, Cambodia, Indonesia, Japan, Kazakhstan, Lao People's Democratic Republic, Malaysia, Serbia, South Africa, South Korea, Thailand, and Tunisia. In Asian markets, South Korea's Kospi, Japan's Nikkei 225 index, Shanghai's SSE Composite index and Hong Kong's Hang Seng were trading in the positive territory. "The announcement of unilateral tariffs on 14 countries and the exclusion of India from the list along with President Trump's remark that 'we are close to a deal with India' indicate that a trade deal between India and US will be announced soon. This has already been largely discounted by the market; the unknown areas are the details of possible sectoral tariffs on segments like pharmaceuticals. Market reaction will depend on these details," V K Vijayakumar, Chief Investment Strategist, Geojit Investments Ltd, said. The US markets ended lower on Monday. Global oil benchmark Brent crude dipped 0.36% to $69.33 a barrel. Foreign Institutional Investors (FIIs) bought equities worth ₹321.16 crore on Monday (July 7, 2025), according to exchange data. Domestic Institutional Investors (DIIs) also bought stocks worth ₹1,853.39 crore. After oscillating between highs and lows on Monday, the Sensex finally ended 9.61 points, or 0.01%, up at 83,442.50. The Nifty ended unchanged at 25,461.30.
Business Upturn
07-07-2025
- Business
- Business Upturn
HAL, BEL, BDL shares in focus as Defence Ministry plans Rs 2 lakh crore contracts in FY26
By Aditya Bhagchandani Published on July 7, 2025, 11:19 IST Shares of Hindustan Aeronautics Ltd (HAL), Bharat Electronics Ltd (BEL) and Bharat Dynamics Ltd (BDL) were in focus today after the Ministry of Defence announced its intent to sign defence contracts worth Rs 2 lakh crore in the current financial year (FY26). The announcement is seen as a significant boost to Indian defence manufacturers. Defence Secretary Giridhar Aramane stated that the ministry plans to maintain the momentum of indigenisation with these contracts, ensuring the majority of orders benefit Indian defence players. This comes after a robust FY25 in which the ministry placed substantial orders with domestic companies. Earlier, in the Union Budget for FY26, the Ministry of Defence was allocated Rs 6.81 lakh crore — accounting for 13.45% of the total budget. Of this, Rs 3.11 lakh crore was earmarked for revenue expenditure, including salaries and maintenance. Defence pensions received Rs 1.61 lakh crore, while the Defence Research and Development Organisation (DRDO) saw its allocation rise 12.4% year-on-year to Rs 26,816 crore. The fresh plan for Rs 2 lakh crore in capital contracts reflects the government's commitment to enhancing domestic capabilities under the 'Atmanirbhar Bharat' initiative, which prioritises self-reliance in defence production. At 11:15 AM: Hindustan Aeronautics Ltd (HAL) traded at ₹5,009.50, up 0.33% Bharat Electronics Ltd (BEL) was down 2.18% at ₹418.25 Bharat Dynamics Ltd (BDL) was down 1.60% at ₹1,945.90 Investors are keenly watching for further details of the contracts, which could significantly benefit these key defence stocks in the coming quarters. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
The Hindu
07-07-2025
- Business
- The Hindu
Markets decline in early trade amid caution ahead of tariff deadline, weak Asian peers
Benchmark indices Sensex and Nifty declined in early trade on Monday (July 7, 2025) amid caution ahead of the July 9 U.S. tariff deadline, weak trends in Asian markets and foreign fund outflows. Volatile trends engulfed markets during the early trade amid concerns surrounding the U.S.-India trade deal, experts said. The 30-share BSE Sensex declined 170.66 points to 83,262.23 in early trade. The 50-share NSE Nifty dipped 53.75 points to 25,407.25. July 9 marks the end of the 90-day suspension period of the Trump tariffs imposed on dozens of countries, including India. An additional import duty of 26 per cent was announced on Indian goods entering the U.S. From the Sensex firms, Bharat Electronics Ltd, Tech Mahindra, HCL Technologies, Eternal, ICICI Bank, and Sun Pharma were among the laggards. However, Trent, Asian Paints, Hindustan Unilever, Bajaj Finserv, and HDFC Bank were among the gainers. In Asian markets, Japan's Nikkei 225 index, Shanghai's SSE Composite index Hong Kong's Hang Seng quoted lower while South Korea's Kospi traded higher. The US markets ended in the positive territory on Friday. "Concerns surrounding a US-India trade deal and the fallout of Sebi's report on Jane Street will be influencing market movement today (Monday). There are reports of a possible interim trade deal between US and India before the July 9th tariff deadline. If that happens, that would be a positive," V K Vijayakumar, Chief Investment Strategist, Geojit Investments Ltd, said. Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said, the looming July 9 tariff deadline could drive volatility. Global oil benchmark Brent crude dropped 0.63% to $67.87 a barrel. Foreign Institutional Investors (FIIs) offloaded equities worth ₹760.11 crore on Friday, according to exchange data. On Friday, the Sensex ended 193.42 points, or 0.23%, higher at 83,432.89. The Nifty inched higher by 55.70 points, or 0.22%, to 25,461.
Business Upturn
01-07-2025
- Business
- Business Upturn
Bharat Electronics shares jump 3% on fresh Rs 528 crore order wins
By Aman Shukla Published on July 1, 2025, 09:45 IST Bharat Electronics Ltd (BEL) shares gained 3% in early trade after the company announced it has secured new orders worth ₹528 crore. As of 9:43 AM, the shares were trading 3.11% higher at Rs 434.60. In a regulatory filing, the Navratna defence PSU said the fresh orders span across key defence and electronics domains. These include supply of radars, advanced communication systems, electronic voting machines (EVMs), jammers, mobile shelters, and control centre infrastructure. The orders also cover associated spares and technical support services. 'The company has received additional orders worth ₹528 crore since the last disclosure on June 20, 2025,' BEL stated. These orders are expected to further strengthen the company's order book for the ongoing financial year. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
India Today
30-06-2025
- Business
- India Today
Sensex ends 450 points lower, Nifty below 25,600; Trent gains 3%
Benchmark equity indices ended Monday's trading session in the red, as selling pressure in banking and financial stocks weighed on market sentiment. The S&P BSE Sensex fell 452.44 points to close at 83,606.46, while the NSE Nifty50 dropped 120.75 points, ending below the 25,600 market performance was mixed, with volatility rising during the session. While select sectors managed to hold firm, key financial counters saw profit booking after a recent the top gainers of the day were Trent, Bharat Electronics Ltd (BEL), State Bank of India (SBI), IndusInd Bank and Jio Financial Services. On the flip side, the biggest losers included Tata Consumer Products, Axis Bank, Kotak Mahindra Bank, Hero MotoCorp and Maruti Suzuki. Vinod Nair, Head of Research at Geojit Financial Services, said global sentiment was broadly supportive, but domestic markets took a breather after recent highs.'The global market sentiment is moving in favour of equities on account of easing risk in the Middle East and the US trade deal hopes. However, the main domestic indices witnessed profit booking after the recent rally,' Nair added that investor focus is now shifting toward corporate earnings, which could provide valuation support in the coming sessions. 'Mid and small caps outperformed in expectation of better earnings driven by consumption and margin expansion,' he Gaggar, Director of Progressive Shares, pointed to technical cues that suggest a cautious near-term outlook. 'Following a tepid opening, the Index extended its losses throughout the session and ultimately closed lower at 25,517.05 with a loss of 120.75 points. Sectoral performance was mixed, with PSU Banks and Pharma emerging as the top gainers, while Realty and Auto lagged,' he added that technical charts are signalling a bearish bias. 'The Index has formed a bearish engulfing candlestick pattern near the lower end of the bearish gap zone around the 25,650 mark, which now stands as immediate resistance. On the downside, 25,400 will serve as a key support level.'As the second quarter kicks off, investors are expected to closely monitor earnings results, macroeconomic data, and global cues for directional signals.- Ends
