KEY HIGHLIGHTS
Market At Close: Nifty, Sensex Close Lower
Nifty closes below 25,500 mark, ends lower for the day.
Shriram Finance and HDFC Life Insurance are the top losers in Nifty.
Nifty Realty falls 1.4%, Top losing sector for the day
Brigade Enterprises and The Phoenix Mills are the top losers in Nifty Realty.
Nifty Midcap 150 and Smallcap 250 ends lower for the 2nd consecutive day.
Gabriel India hits 20% upper circuit for the second consecutive day on the restructuring boost.
Rites gain 5% after it receives 3.6 million USD order from African Rail Company
Nifty Metal gains for the 2 consecutive day.
Nifty Pharma gains higher for the 9th day in a row.
Nifty Pharma registered its best gaining streak since March 2019.
Nifty Auto snaps 2-day losing streak.
Nifty FMCG fall for the 4th consecutive day.
Nifty PSU Bank snaps 6-day gaining streak.
Nifty Financial Services fall for the 3rd consecutive day.
Nifty Realty falls for the 5th consecutive day.
Rupee Closes Weaker Against US Dollar
Rupee closed 17 paise weaker against US Dollar at 85.71
It closed at 85.54 a dollar on Tuesday.
Source: Bloomberg
Stock Market Today: Tata Steel AGM Highlights
Netherlands operations targeting significant cost reductions of 500 million Euros in FY26
Despite decline in coking coal prices , High supply of steel ,kept margins under pressure
Stock Market Live Update: Most Sin Goods Stock Fall
Most stocks of sin goods companies declined after NDTV Profit reported that GST rates on cigarettes, carbonated drinks, and high-end cars may go up.
Stock Market Live Update: ITC Share Price Extends Losses
ITC share price declined 0.82% to Rs 411.70 apiece. The share price declined after NDTV Profit reported that GST rates on cigarettes, carbonated drinks, and high-end cars may go up.
Stock Market Today: Innovators Facade Systems Gets Order Worth Rs 61 Crore
Innovators Facade Systems received order worth Rs 61 crore from Larsen & Toubro Ltd., the company said in the exchange filing.
Stock Market Today: Max Healthcare & IndiGo May Get Included In Nifty 50
Max Healthcare Institute Ltd. and InterGlobe Aviation Ltd. is in focus. There is high probability of getting included in the NSE Nifty 50 in September 2025 rejig as per Nuvama Alternative.
Hero MotoCorp Ltd. and IndusInd Bank will get excluded from Nifty 50.
Stock Market Live: Rites Share Price Jumps After Order Wins
Rites Ltd. saw its share price surge 7.4% on Wednesday following the announcement of order wins after market hours on Tuesday.
The scrip rose as much as 7.44% to Rs 299.80 apiece.
Stock Market Live: HCLTech To Support Equinor's Cyber Resilience & Network Performance
HCLTech Ltd. partners with Equinor to enhance cyber resilience and optimize network performance.
Share Market Live: SAIL Target Price Hiked
Citi has reiterated a "Sell" rating on SAIL, but has raised its target price to Rs 115 from Rs 95. The firm anticipates Ebitda per tonne to peak in Q1FY26, followed by a further correction, and believes that steel prices could also decline further due to current demand-supply trends.
NBCC To Give Supervision Services In African Zoo
NBCC has received an order for supervision services at an African zoo and other projects from FDCM Gorewada Zoo.
Stock Market Live: ITI Gets Order Worth Rs 88 Crore
ITI Ltd. has secured orders worth ₹88 crore in Odisha and Chhattisgarh for the installation of CCTV cameras and a Land Intelligent Management System.
Stock Market Today: Sigachi Confirms Death Of 40 Employees In Fire Accident
Sigachi Industries reported a fire accident at their Telangana unit, resulting in 40 fatalities and 33 injuries. The company has committed Rs 1 crore in ex-gratia compensation to the families of the deceased and will provide full medical and rehabilitation support to the injured. Operations at the plant are temporarily suspended for approximately 90 days pending investigation results.
Stock Market Live: Nifty Bank Hits Record High
The NSE Nifty Bank index rose 0.29% to a record high of 57,628.40. The index was erased gains to trade 0.50% down at 57,171.3 as of 11:47 a.m., as compared to 0.19% decline in the NSE Nifty 50 index.
Stock Market Live Update: Seamec Vessels Sails To Colombo For Undertaking Statutory Drydock
Seamec Vessel SEAMEC II sailed to Colombo yesterday for statutory drydock. The vessel, currently under long-term charter with ONGC, will return to India to continue its engagement with ONGC after completing the drydock.
Stock Market Live Update: TVS Motor Launches New iQube Variant
TVS Motor has launched a new variant of the iQube with a range of 123 km. The new model is priced at an ex-showroom price of Rs 1.04 lakh in Delhi.
Stock Market Today: Nifty PSU Bank Consolidates After Six-Day Rally
The NSE Nifty PSU Bank snapped a six-day rally in Wednesday's session. The index declined 0.81% to 7,194.65 as Bank of Baroda, and Canara Bank shares weighed.
Stock Market Live Update: Afcons Infrastructure Gets LoI From Reliance Industries
Afcons Infrastructure has received a Letter of Commitment from Reliance Industries for civil and structural erection work in Gujarat. This order marks a significant milestone for Afcons in their ongoing projects.
Stock Market Today: KPIT Technologies Share Price Gains Despite Goldman Sachs Target Cut
Shares of KPIT Technologies Ltd. rose over 1% on Wednesday even as Goldman Sachs cut its 12-month target price to Rs 1,230 from Rs 1,280.
Stock Market Live: Dreamfolks Services Drops Nearly 5%
Dreamfolks Services declined 4.79% to Rs 225.22 apiece, the lowest level since June 23. The share price declined as it closed some programmes for Axis Bank and ICICI Bank as of July 1, 2025, which may have a material impact.
Sectoral Performance At Open: Nifty IT Advanced Most
On National Stock Exchange, 10 sectoral indices advanced, three declined, and two remained flat out of 15. The NSE Nifty IT advanced the most, and the NSE Nifty PSU Bank declined the most.
Nifty Contributors: ICICI Bank, Infosys Support Gains
ICICI Bank Ltd., Infosys Ltd., Tata Consultancy Services Ltd., Bharti Airtel Ltd., and Mahindra & Mahindra Ltd. added to the Nifty 50 index.
HDFC Bank Ltd., Larsen & Toubro Ltd., IndusInd Bank Ltd., Asian Paints Ltd., and Reliance Industries Ltd. weighed on Nifty 50 index.
IPO Market Update: HDB Financial's Discovery Price Shows 13% Premium
HDB Financial Services Ltd. is set to debut on the stock exchanges at an issue price of Rs 740 on Wednesday following a robust response to its Rs 12,500 crore initial public offering, which was subscribed nearly 17 times. The issue ranks among the biggest IPOs by a non-banking financial company in recent years and is the largest public offer so far in 2025.
To track live update on HDB Financial listing click here.
Stock Market Today: Nifty, Sensex Extend Gains At Open
The NSE Nifty 50 and BSE Sensex advanced at open tracking a rise in ICICI Bank Ltd., Infosys Ltd. shares. The indices were trading 0.22% and 0.25% higher, respectively as of 9:19 a.m.
Stock Market Today: Nifty, Sensex Rise At Pre-Open
At pre-open, the NSE Nifty 50 was trading 0.18% higher at 25,588.30 and the BSE Sensex was trading 0.11% higher at 83,790.72.
Yield On The 10-Year Bond Opens Flat
The 10-year bond yield opened flat at 6.30%
Source: Bloomberg
Rupee Opens Stronger Against US Dollar
Rupee opened 6 paise stronger against US Dollar at 85.58
It closed at 85.52 a dollar on Tuesday.
Source: Cogencis
Stock Market Today: Goldman Sachs On SBI Cards
Downgrade to Neutral from Buy with a target price at Rs 1,006
Balanced risk-reward post sharp valuations re-rating
Credit Costs and growth to be a focus near term
Near-term EPS growth to be impacted
Cut EPS by 9.5%/7.8% in FY26E/FY27E
See delayed conversion of spends to interest-bearing-loans, reflecting a gradual improvement in NIMs
See slower improvement in operating leverage
Higher-than-expected credit costs due to its ECL policy along with gradual improvement in portfolio
Oil Prices Rebound Two-Day Slump
Oil prices rebounded Wednesday from a two-day slump as crude oil inventory dropped in the US, and uncertainty over Iran's nuclear program advanced. Iran is reported to cut communications with some of the United National nuclear watchdogs.
American Petroleum Institute reported a 1.4 million barrel drop for last week at Cushing Oil hub, which is a price point for WTI crude, Bloomberg reported.
Asia Market Update: KOSPI Falls Over 1% As Inflation Rises Above BoK's Target
Markets in South Korea were trading in losses as the country's headline inflation rose past the Bank of Korea's target rate of 2%. This supported a case for hold on interest rates in the current month.
South Korea's consumer inflation advanced to 2.2% in June, against analysts' expectation of 2.1% projected in Bloomberg's survey.
The KOSPI was trading 1.26% down at 3,049.06 as of 7:27 a.m.
Markets in Asia-Pacific region trading on a mixed note, tracking overnight cues from Wall Street.
The Nikkei 225 fell 1.01%, while the S&P ASX 200 rose 0.12% as of 7:28 a.m.
Stock Market Today: Reliance Communication Gets Fraud Notice From SBI For Its Loan Accounts
State Bank of India has declared Reliance Communication's loan account as fraudulent. SBI will report former director Anil Dhirajlal Ambani to the Reserve Bank of India, the company said in the exchange filing Tuesday.
US Market Update: S&P 500 And Nasdaq 100 Futures Advance
The S&P 500 and Nasdaq 100 futures advanced in Asia session. On Tuesday, the S&P 500 and Nasdaq Composite ended lower as most traders pulled money out of mega-stocks following rally.
The S&P 500 and Nasdaq 100 futures were trading 0.03% and 0.06% higher, respectively. The Dow Jones Industrial Future was trading flat with negative bias as of 7:16 a.m.
The S&P 500 ended 0.11% down at 6,198.11, and the Nasdaq Composite ended 0.82% down at 20,202.89. The Dow Jones Industrial Average ended 0.91% higher at 44,494.94.
GIFT Nifty Implies Flat Open; JSW Energy, Maruti Suzuki, Lupin Shares In Focus
The GIFT Nifty was trading 0.01% or 1.50 points higher at 25,683.00 as of 6:41 a.m., which implied a flat-to-slight higher open for the NSE Nifty 50 index.
Traders may keep an eye on JSW Energy Ltd., Maruti Suzuki India Ltd., Lupin Ltd., and Zen Technologies Ltd. share prices because of the overnight news flow.
Indian benchmark equity indices closed with gains on Tuesday, led by share prices of Reliance Industries Ltd. and HDFC Bank Ltd.
The NSE Nifty 50 ended 24.75 points or 0.1% higher at 25,541.8, while the BSE Sensex closed 90.83 points or 0.11% up at 83,697.29.
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