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Business Standard
2 hours ago
- Automotive
- Business Standard
Sensex rises 400 pts, Nifty above 25,150; Auto stocks lead gains today
At 12:30 PM, Sensex was trading at 82,570.47 level, up by 384 points or 0.47 per cent Harshita Dudeja New Delhi Stock market today: Benchmark equity indices were trading in the green on Wednesday, July 23, as earnings season kept the D-Street sentiment cautiously optimistic. While India Inc.'s results for the first quarter of the financial year 2025-2026 (Q1FY26) remained the primary focus point of investors, lack of concrete developments on trade tariff deals between the US and India limited any prospective upside. At 12:30 PM, Sensex was trading at 82,570.47 level, up by 384 points or 0.47 per cent. The index hit an intra-day high of 82,593.63, up by 406 points. Whereas, NSE Nifty was trading above 25,100 level, up by 110 points or 0.44 per cent. The index hit an intraday high of 25,176.65. Majority stocks from the Sensex pack were trading in green with Tata Motors, Bajaj Finance, Maruti Suzuki, Bharti Airtel and NTPC among the top gainers. On the other hand, Bharat Electronics (BEL), Hindustan Unilever, UltraTech Cement, Trent and Asian Paints were among the top laggards. Interestingly, broader markets struggled to trade in the green territory. The Nifty midcap 100 was trading at 58,927 level, down by 0.30 per cent. Whereas, Nifty smallcap was down by 0.53 per cent, quoting 18,793. Sectorally, Nifty Auto was among the top-performing indices, up by 0.65 per cent, trading at 24,030. Meanwhile, Nifty Realty dropped by 2.85 per cent, trading at 967 level. Nifty Media followed suit and was down by 1.13 per cent, trading at 1,714. Auto stocks shine Auto stocks witnessed a strong performance on Wednesday, mirroring the trend seen in Japanese auto firms. The uptrend came after the US announced a 'massive' trade deal with Japan, which includes a 15 per cent tariff on Japanese exports. "Japan will invest, at my direction, $550 billion into the United States, which will receive 90 per cent of the Profits. This deal will create hundreds of thousands of jobs— there has never been anything like it. Perhaps most importantly, Japan will open their country to trade, including cars and trucks, rice and certain other agricultural products, and other things," US President Trump said in a social media post. Shares of Tata Motors were trading at ₹686.25, up by nearly 2 per cent on the National Stock Exchange. Maruti Suzuki shares were trading at ₹12,644, up by 1.22 per cent, whereas Mahindra and Mahindra shares were up by 1.4 per cent, logging an intraday high of ₹3,303. READ MORE That apart, FMCG stocks took a downturn after industry player Colgate Palmolive announced lower-than-expected results for Q1FY26. The company's net profit figure for the quarter stood at ₹320.62 crore, marking a decline of 11.9 per cent from ₹363.98 crore recorded in the first quarter of the previous financial year. Shares of Colgate were trading at ₹2,287.70, down by 3.26 per cent. New-age stocks to gain momentum? D-street analysts believe that internet stocks are likely to gain momentum in the near term as investors are now seeing increased growth prospects for these companies. For instance, shares of Eternal (formerly Zomato) hit a record high on Tuesday despite reporting a 90 per cent dip in profit levels in Q1FY26. The optimism came-in as revenue surged 70 per cent, largely owing to Blinkit's stellar performance during the quarter. Similarly, Paytm reported a consolidated profit of ₹123 crore, as against a loss of ₹840 crore recorded in the corresponding period of FY25 "Q1 results of Eternal and Paytm indicate steady growth potential of the digital stocks which have a long runway of growth. Investor interest in the digital segment will remain high despite the high valuations," said VK Vijayakumar, chief investment strategist at Geojit Investments.
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Business Standard
16-07-2025
- Business
- Business Standard
Sensex, Nifty erase early losses; Analysts eye US-India trade cues
At 11:50 AM, BSE Sensex was trading at 82,469.36, down by over 100 points or 0.12 per cent. Whereas, Nifty was just trading below 25,200 level, down by over 25 points or 0.10 per cent. Harshita Dudeja New Delhi Stock market today: Benchmark equity indices erased early losses and continued to trade range-bound after a volatile start to the week. While markets did gain momentum in the previous trading session, D-Street was back in the red on Wednesday. At 11:50 AM, BSE Sensex was trading at 82,469.36, down by over 100 points or 0.12 per cent. Whereas, Nifty was just trading below 25,200 level, down by over 25 points or 0.10 per cent. Broader markets also signalled mixed trends. The Nifty Midcap 100 was just marginally up, quoting 59,617. Meanwhile, the Nifty smallcap 100 remained flat, trading at 19,115 level. Sectorally, Nifty auto was among the worst-performing indices, trading at 23,773, down by 0.55 per cent. Nifty metal followed suit and was down by 0.46 per cent, quoting 9,369. Nifty Media, however, was among the best-performing sectoral indices, up by 1.29 per cent and trading at 1,758. Nifty IT also showcased some strength, experiencing a surge of 0.51 per cent, quoting 37,616. Top gainers & losers From the Sensex pack, Tech Mahindra, Adani Ports, Infosys, Asian Paints and SBI were among the top gainers. On the other hand, Eternal (Zomato), Sun Pharma, Mahindra and Mahindra, Tata Steel and Bajaj Finserv were among the top losers. Shares of HDB Financial Services hit a record low of ₹809.05 after the company reported a drop in profit levels to ₹569 crore in Q1FY25 from ₹582 crore recorded in the corresponding quarter of the previous fiscal. Big names in the insurance industry, including HDFC Life, ICICI Lombard and ICICI Prudential, remained in focus after announcing results for the first quarter of the financial year 2025-2026 (Q1FY26). At 12:25 PM, HDFC Life shares were trading at 760.50, marginally up by 0.48 per cent on the National Stock Exchange. Meanwhile, ICICI Lombard shares were trading at 2,025.90, up by 1.16 per cent. Shares of Dixon Technologies also gained heightened investor attention after the company announced another joint venture (JV), pushing share prices above 3 per cent. 'Wait and watch' mode Uncertainty on the macroeconomic front continues to weigh on the markets, with analysts seeing limited chances of a breakout in the near term. While surprises on the earnings front or developments in trade tariffs could stir activity, investors largely remain in wait-and-watch mode. As for now, the overall sentiment continues to be cautiously optimistic. "Given the current environment marked by uncertainty and elevated volatility, traders are advised to adopt a cautious 'wait and watch' approach, particularly with leveraged positions. Booking partial profits on rallies and employing tight trailing stop-losses is recommended," said Aakash Shah, technical research analyst at Choice Equity Broking. "Fresh long positions can be considered only if Nifty sustains above the 25,250 mark," he added.
