Thought the markets started with a healthy upside, tracking strong gains from wall street, they could be sustain theSE levels due to weak support from select from select from Nifty 50 down to close with a cut of 0.12% at 25,060. The S & P BSE Sensex also Closed with a Mild 0.02% Lower at 82,212 points.
Markets have remained in a tight range so far in july, larGely with a negative bias, amid uncertainty over an interim trade deal between the US and India. According to Market Experts, If India does not secure a favorite deal with tariffs below 20 percent, it would be a short-term negative from a market transportative.
Negotiations Between India and the US Are Still underway, and Recent reports indicate that bot countries are unlikely to strike a deal before aug Expected to take effect. However, there is still a possibility of another extension of the pause on tarifs, as the us has so far finalized trade deals with only four counters.
Treasury Secretary Scott Bessent said on Monday that the Administration Prioritizes The Quality of Trade Agreements Over their timing. He noted that President Donald Trump Delhi Decide Whether to Extend the deadline for Countries Making Productive Progress with Washington.
Stocks that outperformed the Indian Stock Market Today
While the Indian Stock Market Continues to Trade in a Tight Range, Several Stocks Managed to Finish with Solid Gains. Eternal continued to emerge as the top performr for the second straight day, gaining another 10.40% to 300 apiece, as brokege firms raised their target price on the stock following the company’s June Quarter Results, which showed strong strong strong strong growth in its e-commerce segment.
The rally also spilled over to its rival swiggy, whose shares ended with a 6% gain, as investors anticipated similar results from the company.
India Cements Shares Closed the session with a Steller 8% Gain At 371 Apiece after Parent Ultrate Cement said it is rapidly integrating the company’s operations and planning capex to drive efficiency. It is confident of Reaching 1,000 ebitda/ton by fy2028, up from the current 400.
Meanwhile, GMDC and NLC India Gained 5% Each after the latest data from China showed Closures and Heightened Trade Tensions.
Paytm shares jumped 3.30% to 1,051 ahead of its June Quarter Results, which are scheduled to be released today.
Other stocks from the nifty 500 index that concluded the session with gains of over 3% include Hitachi Energy, Info Edge, MRPL, Angel One, Narayana Hrudayalaya, Ramco Cemes, Ramco Cemes, Engineers India, and SBFC Finance.
Stocks that underperformed the Indian Stock Market Today
360 one wam emerged as the top laggard among nifty 500 stocks, losing 6.31% to settle at a one-month low of 1,144 apiece. Zee Entertainment Enterprises Shares also Crashed 5.7% to Rs133.5 Apiece after the Indian Broadcaster Posted A 14% Drop In Q1 Consolidated Revenue, IMPACTED BYAK Advartisement Demand.
Another Laggard was Aarti Industries, which skidded 4.3% to 422.95 Apiece. AU Small Finance Bank Extended Its Losing Streak to the Fifth Day in a Row, With the Stock Tumbling 3.6% to settle at a nearly two-month low, Folling Muliple Price Targets AFTER RES June Quarter Performance.
Other stocks, include canara bank, mother sumi, granules India, vodafone idea, Reliance Power, Aurobindo Pharma, Vardhman Textiles, BLUE Star, Piramal Phaarma, CEAT, Piramal Pharma PNB, close with losses of over 3%.
Disclaimer, The views and recommendations giving in this article are that of individual analysts. These do not represent the views of Mint. We Advise Investors to Check With Certified Experts Before Taking Any Investments Decisions.
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