KEY HIGHLIGHTS
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Rupee Closes Stronger Against US Dollar
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Stock Market Today: Viceroy Research On Vedanta
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Stock Market Live Update: Vedanta Share Price Plunges After Viceroy Research Shorts On Its Parent Firm's Debt
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ICICI Prudential AMC IPO: Promoter To Sell Shares Worth Rs 10,300 Crore
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Primary Market Update: Crizac Lists At Rs 281.05 On NSE
Market At Close: Nifty Settles Below 25,500
Nifty close below the 25,500 mark, snaps 3-day gaining streak.
HCL Tech and Tata Steel are the top losers in Nifty.
Tata Steel fell 3% after reporting muted quarterly business update.
Benchmark underperformed Broader Market indices.
Nifty Realty becomes the top losing sector followed by Metal and Oil and Gas.
Brigade Enterprises and The Phoenix Mills fell the most in the Nifty Realty.
Nifty Realty, Metal and Oil and Gas fell by more than 1% each.
Nifty Midcap 150 fall for the 4th consecutive day.
Vedanta recovers from lows after it clarify that Viceroy report is baseless.
Nifty smallcap 250, Pharma snaps 2-day losing streak.
Nifty Auto snaps 3-day losing streak.
Nifty Oil and Gas snaps 4-day gaining streak.
Nifty PSU Bank, Media fell for the 3-day in a row.
Nifty Metal fell for the 5th day in a row.
Nifty Realty snaps 3-day gaining streak.
Nifty Financial services gains fo
Rupee Closes Stronger Against US Dollar
Rupee closed 2 paise stronger against US Dollar at 85.68
It closed at 85.70 a dollar on Tuesday.
Source: Bloomberg
Stock Market Today: Jindal Saw Extends Managing Director's Tenure By 5 Years
Jindal Saw Ltd. has re-appointed Sminu Jindal as Managing Director for an additional five-year term.
Stock Market Today: Gabriel India To Buy Stakes In JV Jinhap Automotive
Gabriel India is set to sign a joint venture agreement with Jinos for the fasteners business, acquiring a 51% stake in Jinhap Automotive India for Rs 26.8 crore.
Stock Market Live Update: Lupin In License & Supply Pact To Commercialise Biosimilar Certolizumab
Lupin has entered into a license and supply agreement for the commercialization of biosimilar Certolizumab Pegol, used to treat rheumatoid arthritis. The company will receive an initial payment of $10 million upon execution of the pact.
European Market Update: IBEX 35 Rises Over 1% Amid Trade Tariff Uncertainty
Spain's benchmark index IBEX 35 was trading over 1% as market participants navigate the uncertainty on global trade. Markets across Europe were trading higher.
The Euro Stoxx 50 and FTSE 100 were trading 0.79% and 0.26% higher, respectively as of 2:04 p.m.
Stock Market Today: Sarda Energy's Arm Gets Approval For Procuring Power From Rehar-1 Small Hydro Power Project
Sarda Energy Ltd.'s arm has received approval to procure power from the Rehar-1 Small Hydro Power Project. The company has also commenced commercial operations of the Rehar-1 Small Hydro Power Project.
Stock Market Today: Mphasis Gets Rectified Tax Demand Of Rs 583 Crore
Mphasis has received a rectification order reducing its tax demand to Rs 583 crore. Previously, the company had been issued a tax demand of Rs 1,165 crore on March 8.
Vedanta News Live: Anil Agarwal Company Responds To Viceroy
Vedanta called short seller Viceroy Research's report "malicious combination of selective misninformation and baseless allegations."
Full story coming shortly.
Stock Market Live: Prestige Estates Q1 Update
Prestige Estates has announced a record-high sales figure of 12,126 crore in the June quarter. This represents a substantial 300% year-on-year increase in Q1 sales (Gross Unit). Collections also saw significant growth, rising by 55% year-on-year to 4,523 crore in Q1. The average realization for apartments during this quarter stood at Rs 13,339 per square foot.
Union Bank Of India Share Price Dips As Q1 Advances, Deposits Decline
Union Bank of India Ltd.'s share price declined nearly 6% in Wednesday's session as the lender's advances and deposits declined sequentially in the first quarter of fiscal 2026. Its advances fell 2.4% on the quarter to Rs 12.4 lakh crore in the June quarter.
Stock Market Today: Airtel Chooses Ericsson For Fixed Wireless Access Services In India
Bharti Airtel has selected Ericsson's core network solutions to deliver Fixed Wireless Access (FWA) services across India.
Stock Market Live Update: Hindustan Zinc Share Price Falls Nearly 5%
Hindustan Zinc Ltd. share price tumbled 4.83% to Rs. 415.15 apiece. The share price was trading 2.64% down at Rs 424.85 apiece.
Stock Market Today: Viceroy Research On Vedanta
Viceroy Is Short On Vedanta Resources, The Majority Owner Of Vedanta
Viceroy Releases Report On Vedanta Resources With A Bearish View
Vedanta Resources Is A 'Parasite' Holding Company
Vedanta Resources Propped Up Entirely By Cash Extracted From Its 'Dying Host: Vedanta'
Investigation Uncovers Material Quantitative & Qualitative Discrepancies In Vedanta Group Cos
Stock Market Live Update: Vedanta Share Price Plunges After Viceroy Research Shorts On Its Parent Firm's Debt
Vedanta Ltd. share price plunged 7.81% to Rs 420.65 apiece, the lowest level since May 12.
Stock Market Today: R Systems Approves To Raise Rs 275 Crore
R Systems International Ltd. approved raising up to Rs 275 crore via non-convertible debentures, the company said in the exchange filing.
Stock Market Live Update: Genesys International Partners With HERE Technology
Genesys International Corp has announced a partnership with HERE Technology to enhance the in-car navigation experience, the exchange filing said.
Gold ETFs Get Attractive: June Reading Shows Highest Inflow In Five Months
Gold exchange-traded funds recorded the highest inflows in five months in June, even as bullion prices in the domestic market traded near life highs.
The funds witnessed a net inflow of Rs 2,080 crore last month compared to Rs 292 crore in May, according to data released by the Association of Mutual Funds in India on Wednesday. Redemptions were low.
Stock Market Live: Aurionpro Solutions To Give Digital Banking Solutions To An African Bank
Aurionpro Solutions has signed a deal to provide digital banking solutions to an African bank, including the licensing and implementation of their Omni Channel Digital Banking Solution, as per an exchange filing.
ICICI Prudential AMC IPO: Promoter To Sell Shares Worth Rs 10,300 Crore
ICICI Prudential Asset Management Co. filed draft papers with the Indian capital markets regulator, SEBI, for an initial public offering of shares held by the UK promoter on late Tuesday.
Find out more details here.
Stock Market Today: Ashok Leyland Fixes July 16 As Record Date For Bonus Shares
Ashok Leyland has set July 16 as the record date to determine eligible shareholders for the allotment of bonus shares, according to an exchange filing.
Dr. Reddy's Labs, Diffusion Engineers, LMW Wheels India Dividends — Last Day To Buy
Dr. Reddy's Laboratories Ltd., Diffusion Engineers Ltd., LMW Ltd., and Wheels India will be of interest in Wednesday's session as it is the last day to buy these stocks to be eligible for dividend payment.
Stock Market Today: Bharat Road Network's Unit Get Rs 384 Crore In Settlement From NHAI
Bharat Road Network's unit received Rs 384 crore in settlement from NHAI, the company said in the exchange filing.
Primary Market Update: Crizac Lists At Rs 281.05 On NSE
Crizac listed at Rs 281.05 on NSE, compared to its issue price of Rs 245. It listed at Rs 272 on BSE, also against the issue price of Rs 245. This represents a premium of 14.3% on BSE and 14.7% on NSE.
Indegene Gets B&K's Initiation With 15% Upside Projection
B&K Securities started coverage on Indegene and projected an upside potential of over 15% as it sees tailwinds for growth. The brokerage has given a 'hold' rating with a target price of Rs 648 apiece, while ascribing a 20% premium to the best comparable Indian IT peers.
B&K has built in 11%, 14%, and 16% revenue, Ebitda, and PAT CAGR, respectively, with sustained cash flow from operation and Ebitda at 95%. Medium-term growth will improve as new capabilities are built and outsourcing continues to accelerate, the brokerage said.
Lupin, Biocon Leading Gains Amid Trump's Threats Of 200% Tariff On Drug Import
Lupin Ltd., Biocon Ltd., Granules India Ltd., shares gained despite the sentiment for overall pharmaceutical stocks got affected after US President Donald Trump threatened to impose steep tariffs on drug import. Trump threatened to impose 200% tariff on drugs within a year.
Asian Paints Gets Double Rating Upgrade From Jefferies — Check Target Price
Asian Paints Ltd. stock has received a target price and a double rating upgrade from multinational investment firm Jefferies, citing normalisation in gross margin and a more gradual pick-up in growth for rival Birla Opus this year.
The analysts at Jefferies have changed their rating from "Underperform" to "Buy" for Asian Paints, thus skipping "Hold", as they expect a gradual recovery in earnings starting this year for the paint company, which holds more than 50% of the market share.
Stock Market Today: Red Metal Stocks Trade Higher Despite Trump's 50% Tariff
Copper stocks opened higher on Wednesday even as US President Donald Trump announced the imposition of 50% tariff on imports of the metal the previous night. Hindalco Industries Ltd. and Hindustan Copper Ltd. gained, while Vedanta Ltd. saw marginal decline in early trade.
The tariffs announced by Trump will take immediate effect, with the aim of protecting domestic industries, he said. The US president also threatened a 200% levy on pharmaceutical exports, albeit with a grace period of a year and a half before imposition.
Stock Market Live: Nifty Pharma Index Rises Amid Trump's 200% Tariff Threat
The NSE Nifty Pharma advanced 0.45% to 22,264.85 so far today as Lupin Ltd., Aurobindo Pharma Ltd., and Laurus Lab Ltd. led gains.
Sectoral Performance At Open: Nifty Realty Declines Most
On National Stock Exchange, seven sectoral indices declined, six advanced, and two remained flat out of 15. The NSE Nifty Realty declined the most, and the NSE Nifty Defence advanced the most.
Nifty Contributors: ICICI Bank, Infosys & Larsen & Toubro Limit Gains
ICICI Bank Ltd., Infosys Ltd., Larsen & Toubro Ltd., HCLTech Ltd., and Wipro India Ltd. weighed on the Nifty 50 index.
Hindustan Unilever Ltd., Bharti Airtel Ltd., Shriram Finance Ltd., Maruti Suzuki India Ltd., and Jio Financial Services Ltd. limited losses to the Nifty 50 index.
Stock Market Today: Nifty, Sensex Open Lower As ICICI Bank, L&T And Infosys Weigh
The NSE Nifty 50 and BSE Sensex opened slightly lower on Wednesday tracking a decline in ICICI Bank Ltd., Larsen & Toubro Ltd., and Infosys Ltd..
The indices were trading 0.05% and 0.07% down, respectively as of 9:21 a.m.
Stock Market Today: Nifty, Sensex Fall At Pre-Open
At pre-open, the NSE Nifty 50 was trading 0.11% or 28.80 points down at 25,493.70, and the BSE Sensex was trading 0.11% or 92.69 points down at 83,619.82.
Yield On The 10-Year Bond Opens Flat
The 10-year bond yield opened flat at 6.32%
Source: Bloomberg
Rupee Opens Weaker Against US Dollar
Rupee opened 15 paise weaker against US Dollar at 85.85
It closed at 85.70 a dollar on Tuesday.
Source: Cogencis
Stock Market Today: Pharma & Copper Stocks In Focus
Pharma and copper stocks are in focus today as US imposed a 50% tariff on copper tariffs and threatened to impose 200% tariff on drug imports.
SEBI Mulling Longer-Dated Contracts To Promote Long-Term Investing
The Securities and Exchange Board of India is closely monitoring the Indian futures and options markets to safeguard investor interests, ensure market stability, and encourage long-term capital formation, according to people familiar with the matter.
Sources told NDTV Profit that while retail participation in index options on expiry days has slightly declined in recent times, an overwhelming majority—nearly 90%—of these retail traders still end up losing money.
SEBI Mulling Longer-Dated Contracts To Promote Long-Term InvestingStock Market Live Update: B&K On Indegene
Initiate Hold with a target price of Rs 648
Building an outsourcing giant
Organic scaling with judicious and tactical acquisitions
Competitors are plenty, but niche is critical
Expect revenue/EBITDA/PAT CAGR of 11%/14%/16% over medium term
Oil Prices Fall As Supply Outlook Improves
Oil prices declined in Asia session as supply outlook improved because of an increase in US crude stock piles. American Petroleum Institute said that US inventories advanced 7.1 million barrels last week.
Brent crude's September future declined 0.29% to $69.96 a barrel as of 8:09 a.m.
Asia Market Update: CSI 300 Rises Amid PPI Decline
Mainland China's benchmark CSI 300 was trading slightly higher in contrast to most markets in Asia-Pacific. China reported a decline in its Producer Price Index in June. The PPI fell to 3.6% in June.
US President Donald Trump imposed a 50% tariff on copper imports which weighed on Asia-Pacific markets. He also threatened a 200% tariff on pharmaceutical imports.
The Nikkei 225 and Hang Seng were trading 0.11% an d 1.13% down, respectively as of 7:32 a.m.
US Market Update: Dow Jones & S&P 500 Futures Drop As Trump Starts To Impose Sectoral Tariffs
US futures declined in Asia session as US President Donald Trump announced 50% tariff on copper imports while he threatened a 200% tariff on drug imports. He also said that more sectoral tariffs are about to be revealed which soured risk-on sentiment.
The Dow Jones Industrial Average and S&P 500 futures declined 0.11% and 0.10% down, respectively. The Nasdaq 100 futures fell 0.09%.
GIFT Nifty Implies Negative Open; Dixon Tech, JSW Steel, RVNL Shares In Focus
The GIFT Nifty was trading 0.06% or 14.50 points down at 25,582.50 as of 6:53 a.m., which implied a negative open.
Investors may focus on JSW Steel Ltd., Tata Steel Ltd., Seamec Ltd., Dixon Technology Ltd., and Rail Vikas Nigam Ltd. share prices for overnight news flow.
The NSE Nifty 50 and BSE Sensex ended in the green on Tuesday even as many traders remained on the sidelines awaiting clarity on US and India trade deal. Kotak Mahindra Bank and HDFC Bank Ltd. were top contributors to the NSE Nifty 50 index.
The Nifty 50 ended 61.20 points or 0.24% higher at 25,522.50, and the BSE Sensex ended 270.01 points or 0.32% higher at 83,712.51.
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