Stock Market LIVE: Sensex, Nifty In The Red But Avert Major Fall Post Trump Tariff Action
Kotak Mahindra Bank Ltd., Bharti Airtel Ltd., and Infosys shares weigh on NSE Nifty 50 index.
KEY HIGHLIGHTS
Nifty Detractors: Kotak Bank, RIL, Eternal Weigh
Stock Market Today: Nifty, Sensex Extend Losses At Open
Rupee Opens Stronger Against US Dollar
Trump Tariff Impact: Brokerages Warn Of Export Risks, Growth Hit, And Strategic Fallout
Trump Tariff Impact: Apparel, Textiles, Diamonds, and Organic Chemicals Among Most Affected Sectors
Jefferies Cuts Target Price As Weak Volume Growth Weigh On Operating Profit
Jefferies cut Container Corporation of India Ltd.'s target price as weak domestic volume growth weighed on its operating profit. Its consolidated Ebitda declined 2% on the year to Rs 432.68 crore in April–June from Rs 441.63 crore.
However, Container Corp's reported Ebitda is 7% below Jefferies estimates due to weak domestic volumes and realisations. Even if the brokerage adjusts the Rs 21 crore one-time expense, the operating profit would have missed Jefferies estimates by 2%, the brokerage said.
Sectoral Performance At Open: Nifty Metal Underperforms
On National Stock Exchange Ltd., 12 sectoral indices declined, two advanced, and one remained flat out of 15.
Nifty Detractors: Kotak Bank, RIL, Eternal Weigh
Kotak Mahindra Bank Ltd., Reliance Industries Ltd., Eternal Ltd., Trent Ltd., and Bajaj Auto Ltd. shares weighed on the NSE Nifty 50 index.
ICICI Bank Ltd., HDFC Bank Ltd., Cipla Ltd., ITC Ltd., and JSW Steel Ltd. added to the NSE Nifty 50 index.
Stock Market Today: Nifty, Sensex Extend Losses At Open
The NSE Nifty 50 and BSE Sensex extended losses at open as Kotak Mahindra Bank Ltd., and Bharti Airtel Ltd. share prices weighed. The indices were trading 0.35% and 0.25% down, respectively as of 9:20 a.m.
Stock Market Today: Nifty, Sensex Fall At Pre-Open
The NSE Nifty 50 fell 0.35% to 24,489.40, and the BSE Sensex declined 0.25% to 80,339.4.
