The Indian benchmark equity indices are up for 4th consecutive session. Markets gained on news of the EU nearing a trade deal with the US and signs of easing trade war tensions. Today’s market is pulled up by share prices of Tata Consumer Products, Dr Reddy And Tata Motors. The NSE Nifty 50 opened 23.40 points or 0.09% up at 25,243.30, while the BSE Sensex opened 53.31 points, or 0.06% up at 82,779.95.
Global Markets
- The S&P 500 hit new record highs following reports that the US and European Union are close to finalizing a trade deal that would impose a 15% tariff on most goods. Post-market, Alphabet Inc. reported better-than-expected revenue but noted an increase in capital expenditure plans, while Tesla Inc. missed earnings estimates.
- The 10-year US Treasury yield rose by four basis points to 4.39%. Despite strong demand for a $13 billion auction of 20-year notes, bond prices declined. Meanwhile, Japan’s 40-year bond auction saw its weakest demand since 2011.
- The S&P 500 Index closed up 49.29 points, or 0.78%, at 6,358.91.
- The Dow Jones Industrial Average closed up 507.85 points, or 1.14%, at 45,010.29.
- The FTSE 100 closed up 37.68 points, or 0.42%, at 9,061.49.
- DAX closed up 198.92 points, or 0.83%, at 24,240.82.
Asian Indexes
Asian equities extended their gains, marking the longest winning streak since January, as optimism grew over the possibility of more US trade deals following its recent agreement with Japan. Investor sentiment was further lifted with momentum building just a week ahead of the August 1 deadline.
- Nikkei up 1.97%
- Hang Seng up 0.50%
- Kospi up 0.35%
Commodities Market
Oil prices stabilized after a series of declines, supported by hopes of progress in US trade talks and tightening inventory levels. US President Donald Trump announced plans to impose tariffs ranging from 15% to 50% ahead of the August 1 trade deadline. A 15% tariff rate was set for Japan on Wednesday, and discussions with the European Union are reportedly moving forward.
- WTI crude is trading at $65.5, up 0.39% for the day.
- Brent crude is at $68.7, up 0.34%.
- Gold is down 0.45% and now trading at Rs. 9,966 per gram.
- Silver is up 0.05% and now trading at Rs. 1,15,690 per kg.
- Copper is up 0.01% and now trading at Rs. 898.45 per kg.
Results to Watch – July 24
Key companies scheduled to release their quarterly results include Bajaj Finance, Nestle India, SBI Life Insurance, Canara Bank, ACC, Aditya Birla Sun Life AMC, Adani Energy Solutions, APL Apollo Tubes, CG Power, Coromandel International, Cyient, Hexaware Technologies, Indian Energy Exchange, Indian Bank, Motilal Oswal, Mphasis, REC, Tanla Platforms, Trident, Ujjivan Small Finance Bank, and UTI AMC.
Stocks to Watch
- Tilaknagar Industries: Tilaknagar Industries has signed a definitive agreement to acquire Pernod Ricard India’s Imperial Blue brand through a slump sale for Rs 4,150 crore.
- Natco Pharma: Natco will acquire a 35.75% stake in South Africa’s Adcock Ingram for Rs 2,000 crore and set up a wholly owned subsidiary with an investment of up to Rs 2,100 crore.
- Reliance Industries / Welspun Corp: Welspun Corp sold an additional 9.9% stake in Nauyaan Shipyard to Reliance’s arm for Rs 54.7 crore, raising its holding to 93.9%.
- IndusInd Bank: The bank’s board approved fund raising of up to Rs 30,000 crore through debt and securities; RBI also allowed promoter nomination of two board directors.
- Inox Wind: Inox Wind approved a Rs 1,249 crore rights issue by offering 10.41 crore equity shares at Rs 120 each; the record date is set for July 29.
- BEML: BEML secured a Rs 293.82 crore order from the Ministry of Defence for the supply of HMV 6×6 vehicles.
- ITI: The Government of India appointed Arun Agarwal as a Government Nominee Director on the ITI board.
- India Pesticides: India Pesticides will invest Rs 65 crore to add a 4,000 MT capacity plant for herbicide ingredients and appointed Udaya Bhaskar Mantripragada as Whole-Time Director.
- Religare Enterprises: RBI has lifted all regulatory restrictions on Religare Finvest under its corrective action plan, ending a seven-year curb.
- Fortis Healthcare: Fortis Healthcare has partnered with Gleneagles Healthcare India to explore business growth opportunities.
- Satin Creditcare: Satin Creditcare approved the incorporation of a new subsidiary named Satin Growth Alternatives.
- Monarch Networth Capital: SEBI has granted in-principle approval to Monarch Networth Capital to set up a mutual fund business.
- Delhivery: Delhivery completed the acquisition of the remaining 21.12% stake in logistics firm Ecom Express.
- Angel One: Angel One received approval to invest Rs 104 crore for a 26% stake in a life insurance JV with LivWell Holding.
- Enviro Infra Engineers: Soltrix Energy Solution has become a step-down subsidiary of Enviro Infra Engineers.
- RITES: RITES has entered into an agreement with a Coal India subsidiary to collaborate on mining and renewable energy projects.
- AllCargo Logistics: LCL volumes fell 3% MoM and 9% YoY in June 2025, totaling 707,000 cubic metres.
- Mukand: Mukand executed a Rs 673 crore land sale agreement in Thane and received an advance payment of Rs 110 crore.
- Hinduja Global Solutions: Its step-down arm, Hinduja Global Solutions MENA FZ-LLC, has been voluntarily liquidated.
- Crompton Greaves: The company launched new Star VegaNXT lighting products (20W and 30W) for the Indian market.
- Indian Metals & Ferro Alloys (IMFA): IMFA has set up a new wholly owned subsidiary, Metallix Aviation, to expand into the aviation business.
- Veranda Learning: The company announced the demerger of its commerce vertical, full acquisition of Veranda XL, and a board meeting on July 28 to consider a preferential issue.
Bulk Deals
- Lodha Developers
- Invesco Developing Markets Fund offloaded a 0.95% stake in the company at ₹1,384.93 per share, totaling ₹1,319.2 crore.
- Oberoi Realty
- Invesco Developing Markets Fund sold a 2.95% stake at ₹1,754.26 per share for ₹1,883.2 crore, while SBI Mutual Fund acquired a 1.1% stake at ₹1,754.10 per share, worth ₹718.2 crore.
- SpiceJet
- Plutus Wealth Management LLP increased its holding by purchasing a 1.73% stake at ₹38.12 per share, valued at ₹93.39 crore. Meanwhile, Discovery Global Opportunity Mauritius fully exited its 2.2% stake at ₹38.14 per share, fetching ₹118.8 crore.
Written By Fazal Ul Vahab C H
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