Nifty 50 began the session at 25,427.85, down by 33.45 points or 0.13% from its previous close of 25,461.30. Bank Nifty opened slightly lower at 56,942.55, slipping 6.65 points or 0.01% from the prior close of 56,949.20. Sensex started the day at 83,387.03, declining by 55.47 points or 0.07% compared to its previous closing of 83,442.50.
Global index as on 8 July 2025:
- DOW 30 fell 422.17 points to 44,406.40, down 0.94%.
- S&P 500 declined by 49.37 points to 6,229.98, losing 0.79%.
- NASDAQ dropped 188.59 points to close at 20,412.50, down 0.92%.
- FTSE 100 slipped 16.38 points to 8,806.53, a decline of 0.19%.
- DAX rose by 286.22 points to 24,073.70, gaining 1.2%.
- NIKKEI 225 lost 223.20 points to settle at 39,587.70, down 0.56%.
Commodities Update:
- Gold: Currently trading at ₹9,828 per gram.
- Silver: Down by ₹0.10, now at ₹109.90 per gram.
- Crude Oil: Prices have fallen down by 0.23%, reaching 68.875, compared to the previous close of 69.035.
Global events/updates:
The U.S. President has announced a 25% tariff on goods imported from Japan and South Korea, effective August 1. Additionally, if South Korea retaliates, an extra 25% tariff will be imposed on its goods. Similarly, if Japan increases its tariffs, they will be added on top of the existing 25% levy, escalating trade tensions in the region.
Trump stated that the United States is nearing completion of a trade agreement with India.
Stocks to watch:
- Mahindra & Mahindra: June 2025 sales rose 14% YoY, with exports up 1% at 2,634 units. Vehicle production increased 20% YoY to 83,435 units, including 23,255 commercial vehicles.
- Titan: Consumer business grew 20% YoY in Q1 FY26. The company added 10 new stores, taking the total to 3,322. Jewellery segment domestic sales rose 18% with 19 new outlets.
- Tata Motors (JLR): Q1 FY26 retail sales dropped 15% to 94,420 units due to Jaguar model phase-outs and US shipment delays. Wholesale volumes fell 10.7% YoY and 21.7% QoQ.
- Macrotech Developers: The company in its quarterly business update reported pre-sales growth of 10% year-on-year at Rs 4,450 crore while collections grew by 7% year-on-year to 2,880 crore.
- NLC India: The company approved to make an investment of up to Rs 1,631 crore in one or more tranches in its arm through equity and also approved to borrow $100 million from Sumitomo Mitsui Banking Corp.
- SPML Infra: The company has secured an approval for increased credit facilities totaling to Rs 205 crore, with support from one of India’s leading public sector banks.
- Refex Industries: The company has received Rs 250 crore order for comprehensive ash disposal along with the operation of fly ash systems.
- Rama Steel: The company has issued corrigendum Rs 177 crore to be used for renewable energy acquisition.
- P N Gadgil: The company’s retail segment, representing 70.3% of total revenue, achieved a steady 19.4% year-on-year growth in the first quarter of fiscal 2026. In the non-retail segments, franchisee operations surged by 109% year-on-year, accounting for 15.7% of total revenue, driven by strong franchisee performance and broader market penetration.
- Navin Fluorine: The company has launched a qualified institutional placement of up to Rs 750 crore at an indicative issue price of Rs 4,680 per share, a 4.22% discount to the last closing price. The issue entails a dilution of 3.23% and involves issuing up to 16.03 lakh shares.
Written by Manideep Appana
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