Stock Market Today: Nifty, Sensex End Higher On Last Hour Gains; Kotak Bank, HDFC Bank Rise
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KEY HIGHLIGHTS
Market Close: Nifty Reclaims 25,500 In Last-Hour Surge, Sensex Ends Nearly 300 Points Higher
The NSE Nifty 50 and BSE Sensex ended on a muted note for second session in a row Tuesday as most 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.
Rupee Closes Stronger Against US Dollar
Rupee closed 16 paise stronger against US Dollar at 85.70
It closed at 85.86 a dollar on Monday.
Source: Bloomberg
Trump Tariffs & India: 'More Noise Than Substance', Says Julius Baer's Mark Matthews
US President Donald Trump has announced 25% tariffs on goods from Japan and South Korea, starting August 1. The Trump administration, on Monday, also sent letters to other trading partners such as Thailand, Bangladesh, Malaysia, among Asian nations. In the run-up to more tariff updates, India awaits its trade deal with the world's largest economy after months of negotiation.
Read more here.
Stock Market Today: Raitel Corp Gets LoI For Rs 97 Crore
RailTel Corporation has received a Letter of Intent (LoI) for a work order valued at Rs 97 crore from the Central Warehousing Corporation. This information was disclosed in an exchange filing.
Europe Market Update: Euro Stoxx And FTSE 100 Trade Slightly Higher
Markets across Europe were trading on a muted note as most await for update on US and Europe trade negotiations. The Euro Stoxx and FTSE 100 were trading 0.06% and 0.10% higher, respectively as of 2:03 p.m.
