Market closing: Sensex surges 270 points on late buying; Nifty closes at 25,522

The market breadth was slightly negative, with 2076 out of 4167 stocks trading on the BSE declined, while 1,956 advanced, and 137 ended unchanged.

As many as 128 stocks hit their 52-week highs, while 51 slipped to their 52-week lows. Adding to it, 230 stocks were locked in its upper circuit limit, while 204 slipped to their lower circuit limit.

Among the Sensex constituents, 18 out of 30 stocks ended higher. Kotak Mahindra Bank, Eternal, Asian Paints, NTPC, Bharat Electronics, and Adani Ports were the top gainers. Titan, Trent, Axis Bank, Maruti Suzuki, Hindustan Unilever, and Sun Pharma were the top losers.

Driven by firm global cues and spurt in late-day buying, the BSE Sensex gained 270 points, while the Nifty closed near 25,522 today. This upswing comes despite ongoing uncertainty over upcoming U.S. tariffs, as investor sentiment was buoyed by a mix of bargain hunting and cautious optimism in late trading sessions.

The 30-share Sensex ended 0.32% higher at 83,712.5, and the NSE Nifty50 settled rose 61.2 points, or 0.24%, to close at 25,522.50. In the broader markets, the Nifty MidCap 100 and the Nifty SmallCap 100 indices ended marginally lower, falling 0.17% and 0.29% respectively.

Shares of Navin Fluorine International rose nearly 4% after the company informed exchanges that it has launched its qualified institutional placement (QIP) on July 7 to raise up to ₹750 crore at a floor price of ₹4,798.28 per share.

Financial services firm Equirus Securities expects the Indian IT services sector to witness a soft quarter despite the seasonal strength. IT companies’ earnings are expected to be mixed across the board with a very soft quarter for ER&D services companies on a QoQ basis.

Equirus expects some tweak in Infosys’s FY26 sales growth guidance. The research house prefers Infosys and Tech Mahindra amongst large caps IT companies, and Zensar, Mphasis, KPIT, eClerx amongst midcaps on a relative basis.

Elara Securities has initiated coverage on ACME Solar Holdings with a ‘Buy’ rating, saying that the company has robust growth roadmap supported by a strong execution history. The company currently operates 2,826MW of solar capacity, with an additional 4,143MW under development. It is increasingly focused on FDRE and hybrid projects to enhance returns and improve grid reliability.

“With plans to scale up renewable capacity from 2.8GW to 7.0GW by FY28, it is poised for significant growth, with a revenue CAGR of 49% and an EBITDA CAGR of 59% during FY25-28E,” it said.

Shares of BSE, Nuvama, and CDSL tumbled up to 7% in intraday trade after latest data by captal market regulator showed that retail derivatives traders lost ₹1.05 lakh crore in FY25, up 41% from the ₹74,812 crore lost in FY24. The number of unique individual traders in the EDS declined significantly, from around 61.4 lakh in Q1 FY25 to around 42.7 lakh in Q4 FY25.

Shares of Schloss Bangalore, the owner of luxury hotel chain The Leela, surged 5% on Tuesday after two major foreign brokerages initiated coverage following its recent listing on Indian stock exchanges. While BOFA Securities initiated coverage with a ‘Buy’ rating, Morgan Stanley assigned an ‘Overweight’ rating, citing favourable industry dynamics and the company’s growth prospects in the premium hospitality segment.

Shares of Kotak Mahindra Bank surged over 4% on July 8 after its Q1FY26 business update exceeded investor expectations. The private lender reported a 14% year-on-year and 4.2% sequential rise in total advances, taking its loan book to ₹4.45 lakh crore. Deposits grew 14.6% YoY and 2.8% QoQ to ₹5.13 lakh crore, largely in line with analyst forecasts.

While overall performance was robust, current and savings account (CASA) deposits dipped 2.2% sequentially, although they still posted a 7.9% annual increase. The CASA ratio fell to 41% from 43% in the previous quarter. Still, loan growth outpaced industry trends, pushing the credit-to-deposit (CD) ratio to 86.7% from 85.5% in Q4FY25—a sign of improving credit momentum.

By 1:30 PM IST, shares of Kotak Mahindra Bank were trading at ₹2,220.20, up ₹70.40 or 3.27% for the day.

JSW Infrastructure Ltd has secured a Letter of Award from the Syama Prasad Mookerjee Port Authority for a major port modernisation project at the Netaji Subhas Dock in Kolkata. With a total estimated investment of ₹740 crore and a construction timeline of two years, the project aims to significantly boost container handling capacity and operational efficiency at the port.

Notably, the 30-year concession allows JSW Infrastructure to begin partial operations even during the construction phase, capitalising on Kolkata’s stable cargo throughput. The initiative is aligned with the company’s broader strategy to expand its terminal footprint under the government’s port privatisation programme.

Shares of JSW Infrastructure rose by 1.49% on Monday, gaining ₹4.55 to trade at ₹309.70 as of 12:14 pm IST.

Indian equities traded range-bound on Tuesday in a subdued session, weighed down by global uncertainty after former U.S. President Donald Trump announced new tariffs on multiple countries. Investor sentiment remained cautious, with markets awaiting clarity on the progress of India-U.S. trade negotiations. Shares of Titan slipped 5%, dragging the broader indices.

Shares of Sobha Ltd. are in the spotlight on Tuesday after the real estate company reported that its sales for the April–June quarter crossed ₹2,000 crore for the first time in its history. In an operational update, the company said it had achieved a new milestone in quarterly sales value, signalling strong demand and robust execution.

As of Tuesday, Sobha’s stock was trading at ₹1,509 on the NSE, down 0.46% for the day.

Shares of Titan Company declined by 5% in early trade on Tuesday after the company’s first-quarter business update failed to meet analyst projections. Despite posting a 20% year-on-year rise in overall consumer business revenues for the June quarter, the performance fell short of market hopes. The jewellery segment — Titan’s largest revenue driver, accounting for over 75% of its top line — grew by 18% during the quarter, adding to investor concerns about a potential slowdown in momentum.

The announcement of unilateral tariffs on 14 countries, excluding India, along with President Trump’s comment that “we are close to a deal with India” signals that a formal India-US trade agreement may be imminent, said VK Vijayakumar, Chief Investment Strategist, Geojit Investments. However, this development appears to be largely priced in by the markets, he said.

“The market is unlikely to break the 25200- 25500 range soon. Resilience within this range is strong. In the coming days market reaction will be stock-specific in response to the Q1 results,” he said.

The key market focus now shifts to the specifics of the deal, particularly the potential sectoral impact, including on pharmaceuticals, where tariff decisions could influence key Indian exporters. The market’s near-term reaction will hinge on the clarity and scope of these sectoral provisions.

The market breadth was positive, with 1,928 out of 3,212 stocks trading on the BSE advanced, while 1,134 declined, and 160 remained unchanged. As many as 57 stocks hit their 52-week highs, while 30 slipped to their 52-week lows.

Titan was the top loser on the Sensex index, falling over 4%. This was followed by losses in HCL Tech, Sun Pharma, M&M, Trent and Reliance Industries.

On the other hand, Kotak Mahindra Bank was the top performer, followed by Eternal, Bharat Electronics, NTPC, Tata Motors, and Bajaj Finance.

Indian benchmark indices swung between gains and losses in early trade on Tuesday, as investors reacted to mixed global cues following U.S. President Donald Trump's announcement of new tariffs on multiple countries.

After a weak start, the markets pared early losses. The BSE Sensex rose 40 points to 83,482, while the Nifty50 inched up 8 points to 25,469, reflecting cautious optimism amid global trade uncertainties.

The Indian equity benchmarks, BSE Sensex and NSE Nifty, opened marginally lower today, tracking mixed cues from global peers amid tariff uncertainties.

Adani Power Ltd. (APL), thermal power arm of Adani group, has completed the acquisition and resolution plan implementation of Vidarbha Industries Power Ltd. (VIPL) for an aggregate consideration of ₹4,000 crore. VIPL is a 2×300 MW domestic coal-fired power plant located in Butibori, Nagpur district, Maharashtra.

Technically, a small candle on the daily chart and non-directional activity on the intraday chart indicate indecision between the bulls and bears, said Shrikant Chouhan, Head Equity Research, Kotak Securities.

“We believe 25,500/83500 would act as an immediate breakout zone for traders. Above this level, the market could rise towards 25,600/83700–25,670/84000. On the other side, below 25,400/83250, we may see a quick intraday correction towards 25,300/83000. Further weakness may continue, potentially dragging the market towards 25,225/82800. The current market pattern is non-directional; hence, level-based trading would be the ideal strategy for day traders.”

“For Bank Nifty, the 20-day SMA (Simple Moving Average) at 56,500 is a crucial level to watch out for. Below this, Bank Nifty could drop to 56,200-56,000. On the other hand, above 57,200, the outlook for reaching 57,500-57,800 remains bright,” he said.

Shares of Titan, Tata Motors, Kotak Mahindra Bank, Mahindra and Mahindra, JSW Infrastructure, Navin Fluorine International, and Refex Industries will remain in focus today.

In an overnight development, U.S. President Donald Trump unveiled a fresh wave of country-specific blanket tariffs. The U.S. will impose tariffs ranging from 25% to 40% on imports from a group of 14 countries, including Japan, South Korea, Malaysia, Indonesia, Bangladesh, South Africa, Thailand, and others. The move has reignited concerns over escalating trade tensions, putting pressure on global equity markets and risk sentiment.

Equity markets in Asia-Pacific region reacted with caution after U.S. President Donald Trump announced new tariffs on imports from several countries. However, sentiments were partially lifted as President Trump signalled for further negotiations, even after announcing new tariff rates on key trade partners.

Among the key markets, Japan’s benchmark Nikkei 225 was up 0.1%, South Korea’s Kospi surged 0.8%, while Hong Kong’s Hang Seng index added 0.3%. China’s Shanghai Composite rose 0.2% in opening trade, Singapore Straits Times was up 0.1%, while Australia’s ASX 200 traded flat with negative bias.

All three major U.S. stocks, Dow Jones, S&P 500, and Nasdaq, ended on a weak note on Monday after President Donald Trump unveiled a fresh wave of country-specific blanket tariffs. The Dow Jones Industrial Average closed 0.94% lower, the S&P 500 dropped 0.79%, and the Nasdaq composite lost 0.92%

At 8:30 AM, GIFT Nifty futures were trading 4 points higher at 25,520, paring early losses, indicating a flat start for the BSE Sensex and NSE Nifty.

In the previous session, the Indian share market ended on a flat note as persistent uncertainty about Trump tariffs kept the markets range-bound. The S&P BSE Sensex closed 9.61 points higher at 83,442.50, while the NSE Nifty50 settled flat to end below 25,500. The broader indices also witnessed lackluster trading and ended with marginal losses.

The equity benchmarks, BSE Sensex and NSE Nifty, are expected to open on a muted note today as caution prevailed in the market ahead of trade deal updates and the start of the earnings season. Adding to it, mixed cues from global equity markets may also weigh on market sentiments, after U.S. President Donald Trump announced a new wave of country-specific blanket tariffs ranging from 25% to 40% on imports from 14 nations, including Japan and South Korea.

https://www.fortuneindia.com/markets/stock-market-live-will-sensex-nifty-continue-muted-trade-today-heres-what-trends-suggest/124668