Nifty 50 ended the session at 25,095.65, gaining 144.05 points or 0.51%. Bank Nifty ended the session at 56,952.75, gaining 669.75 points or 1.19%. Sensex also ended lower at 82,200.34, gaining 442.61 points or 0.54%.
Global Markets
- US-EU Trade Tensions Rise as Tariff Deadline Comes Near
- The U.S. has set a hard deadline of August 1 to impose a 30% tariff on goods from the EU, unless a trade agreement is reached by then. While the U.S. is still open to negotiations even after that date, the tariffs will kick in as planned. The EU is racing against the clock to finalize a deal, aiming for terms similar to what the U.K. secured, but they’re facing hurdles due to strained relations with President Trump. In retaliation, the EU is gearing up for counter-tariffs that could reach up to €72 billion and might even activate its anti-coercion trade tool. All EU member states are on board with taking action—except for Hungary, which is aligned with Trump.
- Rare earth imports from China grew 660% to the USA
- As per China’s General Administration of Customs, China exported 353 metric tons of rare-earth permanent magnets in June, which is an increase of 660% from the previous month, making it the largest destination after Germany.
- The Dow Jones Futures is currently trading at 44,446 levels, or 0.24% up
- The FTSE is currently trading at 8,992 levels flat from its previous close
- DAX is currently trading at 24,267 levels, or 0.09% down
Asian Indexes
- Shanghai Composite closed up 0.71%
- Hang Seng closed up 0.67%
- Kospi closed down 0.71%
Stock News
- GMR Airports: Stock in focus after it plans to raise upto Rs 6,000 crore for refinancing its debt obligations, where it is expected to raise a majority of funds through mutual funds.
- BEML: Defence stock in focus after board approves stock split in 1:2 ratio, subdividing each fully paid equity share of face value Rs 10 into two shares of face value Rs 5 each, subject to the shareholders’ approval.
- GPT Infraprojects: Stock surged 13% after it secured a work order worth Rs 351 crore for the construction of a new major bridge, including Cable cable-stayed bridge over the Chambal River at Agra.
- Tata Investment: Stock surged 5% after reports suggest that Tata Capital has filed its updated DRHP for its IPO, where Tata Investment holds a 2.2 percent stake.
- Ultratech Cement: Stock in focus after reporting a revenue growth of 13% to Rs 21,275 crore and a net profit growth of 49% to Rs 2,220.91 crore.
- Samvardhan Motherson: Stock in focus after reports indicate that around 2.08 million shares were traded during the market hours.
- Tilaknagar Industries: Stock in focus after Andhra Police has reportedly filed a case against the company for an alleged liquor scam.
Top gainer/Top loser (Nifty 500)
| Top gainers | Top losers |
|---|---|
| Mastek (7.09%) | MRPL (-6.76%) |
| Eternal (6.77%) | Ceat (-5.86%) |
| Jyoti CNC Auto (5.04%) | Jaiprakash Power (-5.6%) |
| Persistent (4.4%) | AU Small Finance Bank (-5.32%) |
| UPL (4.2%) | Newgen Software (-4.3%) |
Conclusion
Markets closed higher with Nifty at 25,095 and Sensex at 82,200. Global tensions rose as the U.S. holds firm on EU tariff deadline, while rare earth exports from China to the U.S. surged. Key stocks like GMR Airports, BEML, GPT Infraprojects, and Ultratech Cement were in focus, with notable gains seen in Mastek and losses in MRPL.
Written by Satyajeet Mukherjee
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