Stock Market Today: Nifty, Sensex Extend Gains For Second Day Ahead Of RBI MPC Rate Decision

Most of traders are expecting the Reserve Bank of India to cut rate by 25 basis points in the ongoing policy meeting.

(Photo: Freepik) 

The NSE Nifty Defence and NSE Nifty Realty ended strong on Thursday. The NSE Nifty PSU Bank emerged as the worst performing sector.
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Market At Close: Nifty, Sensex Rise For Second Day 

  • Nifty and Sensex continued buying momentum for the second consecutive day.

  • Eternal and Dr. Reddys are the top gainers in Nifty.

  • Nifty Midcap 150 jumps higher for the 2nd consecutive day.

  • Cochin Shipyard and Hindustan Zinc are the top gainers in Nifty Midcap 150.

  • Nifty smallcap 250 jumps higher for the 10th consecutive day.

  • Nifty smallcap 250 registered best gaining streak since December, 2024.

  • JM Financial and TV18 Broadcast are the top gainers in Nifty small cap 250.

  • Nifty Realty and Pharma close 1% higher for the day.

  • Nifty Realty emerge as the top performing sector of the day Sobha and Brigade Enterprises.

  • Nifty Pharma, IT, Metal, Financial Services, Oil and Gas, Nifty Bank, FMCG gains for the 2nd consecutive day.

  • Nifty Media snaps six day gaining streak.

Rupee Closes Stronger Against US Dollar

  • Rupee closed 11 paise stronger at 85.80 against US Dollar

  • It closed at 85.91 a dollar on Wednesday.

Source: Bloomberg

Stock Market Live Update: BEL Gets Orders Worth Rs 2,323 Crore

Bharat Electronics Ltd. received orders worth Rs 2,323 crore to supply base and depot spares for missile systems, the company said in an exchange filing.

Bharat Electronics Ltd. share price hit a record high earlier in Thursday's session

Stock Market Today: Valor Estate Gets Re-Settlement Order From BMC

Valor Estate Ltd. has received a Letter of Approval from the Bombay Municipal Corporation for the development of an Urban Resettlement and Housing Project in Zone IV. This project will include 13,374 affordable housing tenements for individuals covered under the PAP Scheme. The Gross Development Value of the project is approximately Rs 7,000 crore. It is expected to be significantly revenue and profit accretive, with the company holding a 75% economic interest in the project.

Stock Market Live: HSBC Upgrades Dr. Reddy's Labs To Buy

  • HSBC upgraded to Buy with a target price of Rs 1,445, which implied a 15.4%

  • Evolving Market Dynamics for semaglutide and gRevlimid

  • Current supply of semaglutide remains highly constrained versus demand

  • semaglutide opportunity size will expand 2-3x over next 2-4 years

  • Expecting semaglutide launch in early FY27 in Canada, Brazil and India

Stock Market Today: Zaggle Prepaid To Acquire Stakes In Dice Enterprises For Rs 123 Crore 

Zaggle Prepaid Ocean Services Ltd. will acquire 100% stake in Dice Enterprises for Rs 123 crore, the company said in the exchange filing.

Europe Market Update: Most Share Indices Rise; ECB Rate Decision In Focus 

Most markets in Eurozone rose in Thursday session as traders look forward to the rate decision from the European Central Bank. President Christine Lagarde's comment will be crucial for traders.

According to Reuters, 25-basis-point rate cut is expected in the policy meeting.

Euro Stoxx 50 and CAC 40 were trading 0.35% and 0.32% higher, respectively as of 2:05 p.m.

Stock Market Live: JLR UK Sales In May 2025

  • Jaguar clocks zero sales in UK amid wind-down

  • Land Rover sales drop 1.8% YoY to 4,643 units

Source: SMME website

Stock Market Live: Ola Electric's Bhavish Aggarwal Increases Pledge Amidst Stock Fall 

Ola Electric Mobiity Ltd.'s Chief Executive Officer Bhavish Aggarwal paid Rs 20 crore to increase pledge. His pledge came after his share price slumped due to poor sales data. Ola Electric Mobility's market share has shrunk to 18% from over 48% in May, according to Bloomberg.

Also Read: Ola Electric Shares Fall On Report Bhavish Aggarwal Pays Rs 20 Crore Cash To Maintain Pledge

Stock Market Today: TVS Motor Co Promotes MD Sudarshan Venu To Chairman  

TVS Motor Co has announced that Sudarshan Venu will be elevated to the position of Chairman and Managing Director, effective August 25. This change will see him holding both roles concurrently from that date.

Stock Market Live Update: South African Bank To Use Intellect Design's Platform In Nine Countries

South African Bank will implement Intellect Design Arena's Digital Engagement Platform in nine countries. The platform will cater to corporate and retail customers, the company said in an exchange filing.

Stock Market Live: Rites, Ramkrishna Forging Lead Gains 

Rites Ltd. and Ramkrishna Forgings Ltd., Railtel Corp of India were leading the gains in Thursday's session.

Stock Market Live: Man Industries Share Price At 10-Month High After Securing Order Worth Rs 1,150 Crore

Man Industries Ltd. share price rose 5.92% to Rs 418.50 apiece, the highest level since Sept 5. It was trading 3.99% higher at Rs 410.30 apiece as of 12:30 p.m.

Also Read: Man Industries Shares At 10-Month High After Securing Order Worth Rs 1,150 Crore

Stock Market Live: Vedanta Approves Allotment Of NCDs

Vedanta Ltd. approved allotment of non-convertible debentures totaling Rs 5,000 crore on a private placement basis.

Stock Market Live: Rategain Travel In Pact With Razorpay 

Rategain Travel Technologies Ltd. signed a pact with Razorpay to provide payment processing solution across hotels in India, the company said in an exchange filing.

Stock Market Live: Reliance Infra Share Price Dips After Reaching Nearly Seven-Year High A Day Earlier

Reliance Infrastructure Ltd.'s share price dropped by 4.40% on Thursday, likely due to profit-taking after the stock surged nearly 13% and reached nearly seven-year high on Wednesday.

Also Read: Reliance Infra Share Price Dips After Reaching Nearly Seven-Year High A Day Earlier

Stock Market Live: Central Bank Acquires Stakes In Future Generali India 

Central Bank Ltd. acquired 25.18% stake in Future Generali India for Rs 57 crore, the company said in the exchange filing.

Stock Market Live: Nifty Auto Extends Losses; China Bans Rare Earth Export

The NSE Nifty Auto index started to extend losses as China's ban on rare earth exports raised concern about supply of critical component to automobile sector.

Indian automakers have exactly one month to secure fresh supply of rare earth magnets from China, a lack of which can bring vehicle production in the world’s third largest automotive market to a grinding halt.

China’s ban on export of rare earth magnets on April 4 meant that India’s auto parts makers and original equipment manufacturers had 90 days of supplies, people aware of the matter told NDTV Profit.

Also Read: China Rare Earth Export Ban: India Auto Sector Has One Month To Secure Fresh Supply

Also Read: M&M, Maruti Suzuki India Drag Nifty Auto As Concern Over Rare Earth Material Supply Weighs

Stock Market Live: Monsoon Impact On Economy: Too Early To Be Comfortable About Overall Effect, Says Citi

The Indian monsoon has started eight days ahead of its usual date, with approximately 266% above-normal rainfall in the second half of May.

In it's latest report, Citi identified five episodes of early-onset monsoon over the past 25 years. Read the full article here.

Stock Market Live: First Gold Mine In India Since Independence

Deccan Gold Mines Ltd. has received the nod from the Andhra Pradesh Pollution Control Board to operate Jonnagiri Gold mines for a project by Geomysore Services (India) Pvt., an associate of the company. According to Hanuma Prasad Modali, managing director of the company at its peak the mines will produce 750 kg of gold.

Read the full article here.

Stock Market Today: Indegene Shares Rise After Block Deals

Share price of digital healthcare services provider Indegene Ltd. climbed in early trade on Thursday, after stakes of the company recently exchanged hands via open market transactions.

Also Read: Indegene Shares Rise After Block Deals With Eastbridge, Premji Investment, Societe Generale Buy

Stock Market Live: Jefferies Identifies HAL, Siemens, L&T, KEC International

A sharp uptick in defence orders is helping drive margin expansion, Jefferies said in its latest report. Alongside defence, the power sector continues to have high visibility and the outlook on railways has improved too, as per the note.

Jefferies has identified Hindustan Aeronautics Ltd., Siemens Ltd., Larsen & Toubro Ltd., and KEC International Ltd. as top picks. Siemens is expected to see revenue and margin upside from rail order execution.

Read the full article here.

Stock Market Live: Bombay Burmah Reduces Stake In Bombay Dyeing 

Bombay Burmah's stake in Bombay Dyeing is reduced to 14.3% from 17%, the company said in an exchange filing.

Stock Market Live: BEL Share Price Declines After Hitting Record High

Bharat Electronics Ltd. share price rose 0.87% to a record high of Rs 394 apiece.

Garden Reach Extends Record Rallies Following Deals With Norwegian & German Cos  

Garden Reach Shipbuilders & Engineers Ltd. share price extended record rallies to second session as it executed two deals with foreign companies. It signed a memorandum of understanding with Germany-based Carsten Rehder for four multi-purpose vessels, with the final contract expected by August 31, according to an exchange filing.

On Tuesday, it signed a a memorandum of understanding on Tuesday to build India's first-ever polar research vessel.

Also Read: Garden Reach Signs MoUs With Germany’s Carsten For Four Vessels

Stock Market Live: Newgen Software Shares Rise Over 9% On Receiving Supply Order

Shares of Newgen Software Technologies rose as much as 9.11% to Rs 1,336 apiece, the highest level since May 21. It received a supply order from an international client worth Rs 21.48 crore ($2 million).

Also Read: Newgen Software Shares Rise Over 9% On Receiving Supply Order From International Client

Stock Market Live Update: Force Motors Hits Record High As Total Sales Increase 

Force Motors share price rose 4.07% to a record high of Rs 12,743.00 apiece. Domestic sales rose by 24.5% to 3,002 units, while total sales saw a 19.4% increase to 3,088 units.

Sectoral Performance At Open: Nifty Defence Leads Gains

On NSE, nine sectoral indices advanced, four remained flat, and three declined out of 15. The NSE Nifty Defence rose the most, and the NSE Nifty FMCG declined the most.

Nifty Contributors: HDFC Bank, Dr. Reddy's Contribute Most

HDFC Bank Ltd., Dr. Reddy's Laboratories Ltd., Eternal Ltd., Reliance Industries Ltd., and Power Grid Corp of India added to the Nifty 50 index.

Infosys Ltd., Axis Bank Ltd., Hindustan Unilever Ltd., Bajaj Finance Ltd., and Titan Co. weighed on the Nifty 50 index.

Stock Market Today: Nifty, Sensex Extend Gains At Open

The NSE Nifty 50 and BSE Sensex extended gains at open tracking a rise in Reliance Industries Ltd. and HDFC Bank Ltd. The indices were trading 0.06% and 0.07% higher, respectively as of 9:21 a.m.

Stock Market Live: Welspun Corp Gets Export Order Worth Rs 450 Crore 

Welspun Corp has secured a repeat export order for the supply of pipes. Additionally, the company has received new orders amounting to approximately Rs 450 crore since May 7. These orders are scheduled for execution in the fiscal years 2026 and 2027, according to an exchange filing.

Stock Market Today: Nifty, Sensex Rise At Pre-Open

At pre-open, the NSE Nifty 50 was trading 0.32% higher at 24,691.20, and the BSE Sensex was trading 0.23% higher at 81,181.13.

Yield On The 10-Year Bond Opens Flat

  • The yield on the 10-year bond opened flat 6.25%

Source: Bloomberg

Rupee Opens Stronger Against US Dollar

  • Rupee opened 3 paise stronger at 85.88 against US Dollar

  • It closed at 85.91 a dollar on Wednesday.

Source: Bloomberg

Oil Prices Extend Decline As OPEC+ May Increase Productions

Oil prices extended losses in Asia session as supply outlook weighed on investors as Organization of Petroleum Exporting Countries and allies is expected to deliver another production hike in the upcoming meeting.

The August contract of brent crude was trading 0.17% down at $64.75 a barrel as of 8:44 a.m.

Also Read: Oil Holds Decline As Saudi Arabia Seeks More Major Output Hikes

Asia Market Update: Most Markets Rise On Hopes Of Fed Rate Cut 

Most markets in Asia-Pacific region advanced as weak economic data from the US raised hopes for a rate cut. Further, US President Donald Trump again expressed his displeasure for no quick rate cut by the Federal Reserve.

The KOSPI and Hang Seng were trading 1.63% and 0.99% higher, respectively as of 8:22 a.m.

US Market Update: End Mixed As Treasuries Rally Post Disappointing Jobs Data 

US share indices ended on a mixed note on Wednesday as private jobs data showed less new openings than expected. Moreover, service sector in the world's largest consumer-focused economy went into contraction zone. These data fuelled expectation of a rate cut.

Dow Jones Industrial Average fell 0.22% at 42,427.74. S&P 500 rose 0.01% at 5,970.81. Nasdaq Composite rose 0.32% at 19,460.49


Also Read: US Treasuries Rally As Weak Data Reinforce Fed Wagers: Markets Wrap

GIFT Nifty Implies Higher Open; HAL, Waaree Energies, Honasa Consumer In Focus

The GIFT Nifty was trading 0.03% or 8 points higher at 24,744 as of 6:34 a.m., which implied a slightly higher start for the benchmark Nifty 50. Most markets in Asia were trading higher in early trade, which may provide some relief.

Investors may monitor Force Motors Ltd., Hindustan Aeronautics Ltd., Power Grid Corp., Waaree Energies Ltd., and Honasa Consumer Ltd. because of the overnight news flow.

On Wednesday, benchmark equity indices closed higher, ending a three-day losing streak. The NSE Nifty 50 ended 77 points, or 0.32% higher at 24,620, while the BSE Sensex closed 260.74 points, or 0.32% up at 80,998.

Also Read: Stock Market Highlights: Sensex Gains 260 Points, Nifty Closes Above 24,600 On Positive Global Cue

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WRITTEN BY
Ananya Chaudhuri
Ananya Chaudhuri covers financial markets news and trends at NDTV Profit. S... more
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