The Indian benchmark equity indices traded down breaking its 4th consecutive session of up movement. Today’s market is dragged down by share prices of M&M, Titan and Grasim Industries. The NSE Nifty 50 opened 51.75 points or 0.2% down at 25,010.35, while the BSE Sensex opened 118.4 points, or 0.14% down at 82,065.76.
Global Markets
- The S&P 500 and Nasdaq Composite closed at record highs on Thursday, after hitting new intraday peaks earlier in the session.
- Alphabet shares surged on strong quarterly results, lifting sentiment around large-cap AI stocks, while Tesla fell as its earnings disappointed investors.
- The S&P 500 Index closed up 4.44 points, or 0.07%, at 6,363.35.
- The Dow Jones Industrial Average closed down 316.38 points, or 0.70%, at 44,693.91.
- The FTSE 100 closed up 76.88 points, or 0.85%, at 9,138.37.
- DAX closed up 55.11 points, or 0.23%, at 24,295.93.
Asian Indexes
- Asian markets opened lower on Friday, snapping their longest rally since January, as uncertainty around potential U.S. Federal Reserve rate cuts weighed on investor sentiment.
- In Japan, Tokyo’s cost of living eased for the second consecutive month, driven by temporary factors, though food prices remained elevated.
- Nikkei down 0.61%
- Hang Seng down 0.99%
- Kospi up 0.31%
Commodities Market
- WTI crude is trading at $66.3, up 0.43% for the day.
- Brent crude is at $69.5, up 0.52%.
- Gold is down 0.2% and now trading at Rs. 9,947 per gram.
- Silver is down 0.01% and now trading at Rs. 1,15,120 per kg.
- Copper is down 0.53% and now trading at Rs. 893.60 per kg.
Results to Watch – July 25
Companies scheduled to announce their results on July 25 include Aadhar Housing Finance, Acme Solar, Avantel, Bajaj Finserv, Bank of Baroda, Chennai Petroleum, Cipla, Prataap Snacks, GMDC, Grindwell Norton, HFCL, Home First Finance, Intellect Design, J&K Bank, Laurus Labs, Mahindra Lifespace, Orient Cement, Orient Electric, Paras Defence, Petronet LNG, Poonawalla Fincorp, RPG Life Sciences, SAIL, SBI Cards, Schaeffler India, Sharda Cropchem, Shriram Finance, Sobha, Solara Active Pharma, Sterlite Technologies, Tata Chemicals, Tamilnad Mercantile Bank, and Vardhman Special Steels.
To be announced Today
India’s foreign exchange reserves data for July is expected, with the previous figure standing at $696.7 billion. Prime Minister Narendra Modi will begin his state visit to the Maldives from July 25–26. Th Commerce Secretary Sunil Barthwal is scheduled to address the media at 2:45 p.m. in New Delhi regarding the India-UK Free Trade Agreement.
In New Delhi, the India Steel Conclave 2025 will commence at 9:30 a.m., featuring speakers like Sushil Nowal of JSW Steel, Sanjay Kumar Singh from Jindal Steel, and Tata Steel’s Koustuv Kakati. At 11 a.m., Electronics Ministry Secretary S Krishnan will speak at FICCI’s Bhashantara 2025.
Stock to Watch
- Railtel Corporation of India: Received two domestic orders Rs 10.05 crore from Odisha Govt for IT solutions and Rs 40 crore from Central Coalfields.
- Aeroflex: Acquired an additional 13% stake in M R Organisation for Rs 16.7 crore.
- Thirumalai Chemicals: Clarified that Rs 110.62 crore allocated from its preferential issue won’t be used in subsidiaries or joint ventures.
- Bajaj Consumer Care: Approved Rs 186 crore share buyback at Rs 290 per share; promoters won’t participate. Also cleared demerger of Vishal Personal Care’s business.
- Indian Energy Exchange: CERC directed phased market coupling by Jan 2026, starting with Day-Ahead Market and exploring Real-Time & Term-Ahead segments.
- Thomas Cook India: Became India’s first Forex card provider enabling global contactless payments via Google Pay and Visa.
- UTI Asset Management: Granted Rs 45 crore unsecured working capital loan to its unit, UTI Alternatives, repayable by March 2028.
- Intellect Design Arena: A Tier 1 Canadian bank deepened ties with the firm to modernise US real-time transactions.
- Sun Pharmaceutical: Its subsidiaries will pay $200 million to settle a US antitrust case without admitting liability, subject to court approval.
- Muthoot Capital Services: Board cleared a Rs 150 crore private placement of 15,000 NCDs at Rs 1 lakh each.
- Wipro: Secured a multi-year “Smart Grid” contract from Saudi Electric Company to deploy smart meter data systems.
- Epack Durable: Formed JV with South Korea’s Bumjin Electronics to produce audio devices; holds 66.67% stake.
- The Phoenix Mills: Acquired the remaining 49% stake in Island Star Mall Developers for Rs 5,449.16 crore, making it a fully owned unit.
- Global Health: Received 3.5-acre land allotment in Guwahati on a 60-year lease for Rs 56 crore for hospital construction.
- Optiemus Infracom: Approved Rs 26.86 crore investment in its subsidiary GDN Enterprises via equity purchase.
- Enviro Infra Engineers: Bagged two EPC and O&M orders worth Rs 221.26 crore for wastewater plants in Bangalore.
- Lumax Auto Technologies: Set up LUMAX AUTOCOMP in New Delhi to tap opportunities in the auto components space.
- Arisinfra: Partnered with The House of W to unlock Rs 300 crore sanitaryware capacity for project execution.
- Sonata Software: Teamed up with Wharton AI & Analytics to study agentic AI in enterprise use.
- Adani Enterprises: Agreed to swap 50% stake in Kutch Copper Tubes for equal stake in MetTube Copper India under a strategic deal.
- BEL: Received an order worth Rs 563 crore for defence-related equipment including navigation and antenna systems.
- Nestle India: Named Manish Tiwary as the next CMD, effective from August 1, 2025.
- Som Distilleries: Launched “Mahavat Whisky”, a new mid-premium liquor priced between Rs 1,000–1,100.
- Shilpa Medicare: Invested $2 million via SAFE note in Alveolus Bio, a startup focused on lung disease treatments.
- Triveni Engineering & Industries: Received a Rs 46.78 crore fee demand notice from Excise Department on denatured alcohol exports.
- Thermax: Subsidiary First Energy 11 allotted 8.4 crore shares to First Energy to support renewable energy investments.
- Nazara Technologies: Subsidiary Paper Boat Apps lent Rs 12 crore to Kiddopia, which passed it on to Nazara UK.
- Power Grid Corporation of India: Commissioned the ER-WR inter-regional transmission link through its arm Powergrid ERWR.
- G R Infraprojects: Emerged L-1 bidder for a Rs 290.23 crore Giridih Bypass Road project with a 24-month timeline.
- Lloyds Engineering Works: Signed a partnership with Italy’s FINCANTIERI to boost its naval and defence product offerings.
- Fortis Healthcare: Completed acquisition of Shrimann Superspecialty Hospital through one of its subsidiaries.
- Tata Power: Invested Rs 120 crore in Bhutan’s Khorlochhu Hydro Power project, acquiring 40% stake in first tranche.
- eMudhra: Subsidiary acquired 51% in Austria’s Cryptas International; also signed deal to acquire AI Cyber Forge Inc, USA for $4.8 million.
- Saurashtra Cement:: To shut down its Gujarat kiln for scheduled maintenance for about 20 days starting tomorrow.
Bulk & Block Deals
- Cigniti Technologies: Morgan Stanley Asia (Singapore) acquired 1.65 lakh shares, representing a 0.6% stake, at ₹1,599.1 per share.
- Indian Energy Exchange: PICTET – Indian Equities sold 6 lakh shares, amounting to a 0.67% stake, at ₹131.5 apiece.
- JTL Industries: Jindal Oil and Fats purchased 22.1 lakh shares, equivalent to a 0.6% stake, at ₹79.63 per share.
- Kajaria Ceramics: Long Term India Fund picked up 12.5 lakh shares, representing a 0.78% stake, at ₹1,180 per share.
- Kilburn Engineering: Khivraj Motors offloaded 5 lakh shares (1.03%) at ₹505.06 per share. SBI Funds Management bought 7.56 lakh shares (1.56%) at ₹505 apiece. Additionally, Niraj Rajnikant Shah purchased 1 lakh shares (0.21%) at ₹519.74 and sold 4.51 lakh shares (0.93%) at ₹505.3 apiece.
- Veranda: Necta Bloom VCC sold and Rakhi acquired 4.75 lakh shares at ₹228 per share.
Written By Fazal Ul Vahab C H
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