Nifty 50 ended the session at 25,355.25, slipping by 120.85 points or 0.47%. Bank Nifty declined by 257.55 points, settling at 56,956.00, down 0.45%. Sensex also closed lower at 83,190.28, losing 345.80 points or 0.41%.
Global events/updates:
- India-US Trade Talks 2.0: Key Developments: India is set to send negotiators to Washington D.C., for another round of trade talks, with the tariff pause deadline extended from July 9 to August 1. While discussions continue, India remains firm on protecting its agricultural and dairy interests. However, uncertainties loom due to the U.S. administration’s potential tariffs on BRICS nations and the pharma sector, adding fresh tension to ongoing negotiations.
- Elon Musk’s XAI officially launches GROK 4.
Stock news:
- IREDA in focus, higher ahead of results & on govt’s nod to raise fund via capital gain bond, up over 2%
- Petronet LNG: Co Signs ₹1,200 Crore Regasification Deal With Deepak Fertilisers Unit PCL for 5.5 Years
- GlenmarkPharma: Positive momentum on US FDA nod for its lead asset ISB 2001
- GP Eco Solutions India: The company received an order worth Rs 123 crore from WELKIN RENEWABLE INDIA PRIVATE LIMITED for providing EPC services for a solar power plant project in Punjab.
- Nila Spaces: Nila Spaces, through its 90% subsidiary Nila Urban Living Pvt Ltd, has received RERA approval for its new residential project “PRANA” at GIFT City, Gandhinagar. This means they are now allowed to start construction, marketing, and commercial activities.
- JTL Industries Limited – 5% up – Plans for 3 Lakh MTPA facility.
- Premier Explosives Ltd rose 1.7% after the company announced an amendment to a purchase order from an international client, raising the order value from USD 762,860 (₹6.62 crore) to USD 2.13 million (₹18.29 crore).
- Amazon Launches 10-Minute Delivery Service ‘Amazon Now’: Amazon has rolled out its rapid delivery service, ‘Amazon Now’, offering 10-minute deliveries for daily essentials. The service is currently available in select pin codes of Delhi and Bengaluru. Encouraged by strong initial feedback, the company plans to expand the service to more locations in the coming months.
Top gainer/Top loser (Nifty 500):
| Top gainers | Top losers |
| Kirloskar Oil Engines Ltd. (10.4%) | Bharat Dynamics Ltd. (-4.8%) |
| ACME Solar Holdings Ltd. (10.0%) | Metropolis Healthcare Ltd. (-4.0%) |
| Lemon Tree Hotels Ltd. (7.7%) | Pfizer Ltd. (-3.6%) |
| Campus Activewear Ltd. (6.0%) | Solar Industries India Ltd. (-3.3%) |
| Capri Global Capital Ltd. (6.0%) | DCM Shriram Ltd. (-3.1%) |
Conclusion
The markets closed on a weaker note amid cautious global sentiment and ongoing geopolitical uncertainties. Investors remained watchful as India-US trade negotiations resumed with critical sectors like agriculture and pharma in focus. Meanwhile, global tech developments such as the launch of Elon Musk’s GROK 4 by xAI added to the evolving landscape. Market participants are likely to stay in a wait-and-watch mode ahead of further updates on trade developments and global cues.
Written by Manideep Appana
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