KEY HIGHLIGHTS
Stock Market LIVE: PM Modi Addresses India-Japan Joint Economic Forum
Prime Minister Narendra Modi has started his address at the India-Japan Joint Economic Forum. Track live updates here.
That's all for NDTV Profit's live market coverage for the week. Thank you for joining us today.
Closing Bell: Nifty, Sensex Snap Two-Week Gaining Streak
Broader Markets underperformed Benchmark Indices
Nifty fell over 1.7% for the week.
Mahindra & Mahindra, Shriram Finance and Apollo Hospital fell the most in Nifty.
Nifty snaps two-week gaining streak.
Nifty declines in 8 out of last 9 weeks; Falls nearly 5% in over 2 months.
Nifty Midcap 150 fell over 3% for the week, snaps two-week gaining streak.
Sundaram Finance, BSE and IDBI Bank fell the most in Nifty Midcap150.
Nifty Smallcap 250 fell over 3% for the week, drag by Angel One, CDSL and Deepak Fertilizer.
All Sectoral indices lose in a trade barring Nifty FMCG
Nifty Realty loses over 4%, emerges as worst performing sector for the day
Godrej properties, The Phoenix Mills and Prestige Estates feel the most in Nifty Realty
Nifty FMCG emerges as the only sector in Green, led by Britannia Industries, ITC and Colgate Palmolive.
Nifty FMCG extends its gain for the second consecutive week.
Nifty Media, Metals, Auto snaps 3-week gaining streak.
Nifty Pharma, Nifty IT, Nifty Oil and Gas, Realty snaps 2-week gaining streak.
Nifty Financia Services, Banks and PSU Banks loses for the second week.
Rupee Ends At Record Closing Low Against US Dollar
Rupee ended 58 paise to record closing low of 88.21 against US dollar
It fell as much as 68 paise to a record low of 88.31
It closed at 87.63 a dollar on Thursday
Source: Bloomberg
GoM Proposes Early Phase-Out Of Compensation Cess
GoM Proposes Replacing Cess with Separate Levy or Subsuming It Under GST Rates
GoM Recommends Ending Compensation Cess by Oct 31
Final Report on Cess Submitted to GST Council; To Be Taken Up on Sep 3–4
Cess Phase-Out Seen as Key Step in Post-Compensation Framework
Alert: GST compensation cess was set to end on March 31, 2026.
GoM is led by MoS Finance, Pankaj Chaudhary Tasked to Review Future of Cess
Stock Market LIVE: RIL Share Price Slumps As Its Shareholders Will Not Get A Stake In Jio IPO
Reliance Industries Ltd. share price declined 2.59% to Rs 1,350 apiece. The sentiment for the stock turned negative after it was revealed that shareholders of Reliance Industries will not get anything in the upcoming Jio Telecom IPO.
JIO IPO will happen in the first half of financial year 2026.
Reliance Industries share price slumped to Rs 1,350 apiece, the lowest level since April 28.
Stock Market LIVE: TVS Supply Chain Converts Pre-Existing Inter-Company Loan Into Equity Of Unit
TVS Supply Chain converted pre-existing inter-company loan into equity in arm TVS Logistics Investment US, the company said in the exchange filing.
Stock Market LIVE: Man Infraconstruction's Arm Acquires Ownership Interest In 1250 JV LP
Man Infraconstruction's arm acquired ownership interest of 15.4% in 1250 JV LP for $10 million, the company said in the exchange filing.
Stock Market LIVE: Servotech Renewable In Pact With BEKEM Infra Projects
Servotech Renewable is in pact with BEKEM Infra Projects. The company will participate in government-led renewable energy projects.
GST Reform: Opposition-Run States Support Rate Cuts, Seek Safeguards Against Revenue Loss
A group of eight Opposition-run states on Friday supported reform through rate rationalisation in the Goods and Services Tax, but sought safeguards against potential revenue loss.
Minister and representatives of Himachal Pradesh, Jharkhand, Karnataka, Kerala, Punjab, Tamil Nadu, Telangana, and West Bengal attended a consultation on GST rate rationalisation in New Delhi.
Rupee Breaches 88 Against US Dollar
Rupee fell 56 paise to record low of 88.20 against US dollar
It closed at 87.63 a dollar on Thursday
Source: Bloomberg
Nifty India Defence Down 21% From 52-Week High — What Lies Ahead For HAL, Bharat Dynamics And Others?
The NSE Nifty India Defence has been the best-performing sectoral index on year-to-date basis. However, for two months in a row the index declined as most of its constituents fell sharply from their 52-week highs, scaled most in June and early July.
As of Thursday's settling level, the Nifty India Defence index slumped 21% from its 52-week high level of 9,195. Its highest weighted stocks Hindustan Aeronautics Ltd. and Bharat Electronics Ltd. have fallen 16% and 17% from their respective 52-week high levels.
Rupee Hits Record Low Against US Dollar
Rupee fell 35 paise to record low of 87.98 against US dollar
It closed at 87.63 a dollar on Thursday
Source: Bloomberg
Auto Sales To Hit One-Year Low In August As GST Rate Cut Buzz Slows Demand
The Great Indian Consumption season is starting on a muted note with few looking to buy two-wheelers and four-wheelers due to hopes of an upcoming GST rate cut announcement. Auto makers have pushed sales through dealers but are finding it tough to lure customers who are in a wait and watch mode.
India's consumption cycle kicks off in August with Independence Day, followed by a series of regional and national festivals. The festive season begins in South India with Onam, moves to the West with Ganesh Chaturthi, and continues with Dussehra and Durga Puja, Diwali, and concludes with Christmas and New Year.
AHPI Formally Withdraws Suspension On Bajaj Allianz General Insurance
The Association of Healthcare Providers has withdrawn the suspension notice served on Bajaj Allianz with immediate effect, it stated in a press release on Friday.
In a meeting attended by AHPI’s core committee members and senior representatives from Bajaj Allianz, the association highlighted a series of unresolved issues that are placing hospitals under severe financial and operational stress, ultimately compromising patients’ care and safety, the AHPI said.
Stock Market LIVE: Apollo Micro System In Pact With DRDO
Apollo Micro System Ltd. is in pact with Defence Research and Development Organisation to transfer technology of omni-directional warhead for NASAM-SR missile.
Stock Market LIVE: ABB India Gets Rs 174 Crore Order From Siemens Gamesa Renewable
ABB India received Rs 174 crore order for supply of 3 times wind turbine converters from Siemens Gamesa Renewable, the company said in the exchange filing.
Stock Market LIVE: Windsor Machines' Arm To Start Manufacturing At Rajkot From September
Windsor Machines' arm to start manufacturing at Rajkot from Sept 1, the company said in the exchange filing.
Stock Market LIVE: Authum Investment Gives Nod To Sell Stake In Its Sports Arm To HRX Group
Authum Investment has given in-principal approval to sell 20% stake in arm Billion Dream Sports to HRX Group. Board disapproves to raise funds via qualified institutional placement on a preferential allotment, the company said in the exchange filing.
Stock Market LIVE: Apollo Micro System Jumps To Highest Level Since Nov 22, 2023
Apollo Micro System Ltd. share price jumped 11.93% to Rs 271,40, the highest level since Nov 22, 2023.
Stock Market LIVE: Everest Industries Sells 23.32 Acres In Coimbatore
Everest Industries Ltd. sold 23.32 crore acres in Coimbatore, Tamil Nadu to G Square Realtors for Rs 134 crore, the company said in the exchange filing.
Stock Market LIVE: Zydus's Arm Reports Positive Result For Drug Trial
Zydus Lifesciences's arm Zydus Therapeutics reported positive topline results from EPICS-III clinical trial. The trial to test safety of saroglitazar magnesium in patients with Primary Biliary Cholangitis
IPO News: Vikran Engineering IPO Subscribed 5.91 Times On Final Day
Vikran Engineering IPO was subscribed 5.91 times as of 10:15 a.m. Friday.
Qualified Institutions: 0.91 times
Non-Institutional Buyers: 13 times
Retail Investors: 5.73 times
CG Power Shares Up 3% After Launch Of India's First Outsourced Semiconductor Facility
Shares of CG Power and Industrial Solutions Ltd. surged over 3.4% in early trade after its subsidiary, CG Semi Private Ltd, inaugurated India’s first outsourced semiconductor assembly and test facility in Sanand, Gujarat.
Stock Market LIVE: Banco Products Closes Arm's Plant In France
Banco Products shut down its arm plant in France due to fire at Warehouse. The current orders to be delivered via other warehouses, the company said in the exchange filing.
Stock Market LIVE: HDFC Bank Share Price Snaps Four-Day Decline
HDFC Bank Ltd. share price snapped a four-day declining streak. The stock rose as much as 0.53% to Rs 962.9 apiece.
Sectoral Performance At Open: Nifty FMCG Outperforms
On National Stock Exchange, 12 sectoral indices advanced, three declined out of 15.
Nifty Contribuors: RIL, Kotak Bank, ITC Support Gains
Reliance Industries Ltd., Kotak Mahindra Bank Ltd., ITC Ltd., HDFC Bank Ltd., and Hindustan Unilever Ltd. added to the NSE Nifty 50 index.
Mahindra & Mahindra Ltd., ICICI Bank Ltd., Infosys Ltd., Larsen & Toubro Ltd., and Bajaj Finance Ltd. weighed on the NSE Nifty 50 index.
Stock Market LIVE: Nifty, Sensex Rise After Muted Open
The NSE Nifty 50 and BSE Sensex rose after a muted open tracking gains in ITC Ltd., Kotak Mahindra Bank Ltd., and Hindustan Unilever Ltd. Both the indices were trading 0.13%.
Yield On 10-Year Bond Opens Flat
The yield on the 10-year bond opens flat at 6.54%
Source: Bloomberg
Rupee Opens Weaker Against US Dollar
Rupee opened 6 paise weaker at 87.69 against US dollar
It closed at 87.63 a dollar on Thursday
Source: Cogencis
FIEO Delegation Calls on Finance Minister Amid High US Tariffs
Government reassures full support to Indian exporters amidst tariff escalation
FM to FIEO: government stands firmly behind Indian exporters
FM Sitharaman emphasizes government will explore every avenue to safeguard exporters’ interests
FM calls on industry to reassure workers of job continuity amid global headwinds
FIEO highlights adverse impact of US tariffs on Market Access, Competitiveness
Source: Press Release
Stock Market LIVE: AGS Admitted To Insolvency
AGS admitted to insolvency on application filed by operational creditor Securitrans India
Securitrans took AGS to the bankruptcy court over dues worth Rs 2.4 crore
Moratorium imposed on AGS, prohibiting transfer or sale of assets and enforcement of security interests
Source: NCLT order
Stock Market LIVE: Samvardhana Motherson Buy Stake In Yutaka Giken
Samvardhana Motherson International is to buy 81% stake in Yutaka Giken for nearly $184 million via arm. It will buy 100% stake in Yutaka Autoparts India via arms.
The company will buy 11% stake in Shinnichi Kogyo via arm. Smavardhana Motherson from Youngshin Components for Rs 6.5 crore.
Stock Market LIVE: Adani Power Gets New Thermal Power Project In Bihar
Adani Power Ltd. received letter of award from Bihar Government for 2,400 megawatt thermal power plant. It will invest $3 billion for Bihar Thermal Power Plant, the exchange filing said.
Asia Market Update LIVE: CSI 300 & Hang Seng Advance With SCO In Focus
Markets in mainland China and Hong Kong advanced with focus on Shanghai Cooperation Summit. One of the key highlights will be Indian Prime Minister Narendra Modi and Chinese President Xi Jingping's meeting. The two nations are thawing diplomatic ties after a prolonged rift.
The CSI 300 and Hang Seng were trading 0.66% and 0.62%, higher respectively.
Markets in Japan, South Korea, and Australia were trading in loss as most marker participants await Personal Consumption Expenditure data.
US Market Update: Dow Jones, S&P 500 And Nasdaq 100 Futures Decline On Caution Before US PCE Data
US stock futures declined in Asia trade as investors braced themselves before the release of US Personal Consumption Expenditure data, scheduled for later today. It will provide fresh hints for Federal Reserve's policy outlook.
The Dow Jones Industrial Average and S&P 500 futures were trading 0.14% and 0.09% down, respectively as of 7:50 a.m. The Nasdaq 100 future was trading 0.17% down.
LIVE: GIFT Nifty Hints At Positive Opening; RIL, ICICI Bank, Lemon Tree In Focus
The GIFT Nifty was trading flat at 24,626 as of 6:30 a.m. This implied the NSE Nifty 50 may open 58 points higher than the previous close.
Indus Towers Ltd., ICICI Bank Ltd., NTPC Ltd., RIL and Lemon Tree Hotels Ltd. shares will likely be in focus.
The benchmark equity indices closed in the red for the second straight session on Thursday, the first day after 50% tariffs on India from the US came into effect.
The NSE Nifty 50 ended 211.15 points or 0.85% lower at 24,500.9 and the BSE Sensex closed 705.97 points or 0.87% down at 80,080.57.
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