Market Update: Sensex Holds Steady, Nifty Surpasses 25,450; Bharat Electronics & Tech Mahindra Lead Decliners – Latest Insights on Indian Stock Market

After a strong start, Indian stock markets ended the day almost flat. The BSE Sensex climbed just 9 points, while the NSE Nifty edged up by 0.3 points.

Investors became cautious when U.S. Treasury Secretary Scott Bessent announced tariffs set to kick in for countries that don’t settle agreements with the Trump administration by August 1. This news played a role in the market’s hesitation.

Top performers today included HUL, Kotak Mahindra, and Asian Paints. In contrast, Bharat Electronics, Ultra Tech Cement, and Tech Mahindra saw declines. The GIFT Nifty was up by 2 points, trading at 25,528. The BSE MidCap and SmallCap indices dropped slightly, finishing down 0.2% and 0.3%, respectively.

Sector-wise, while the oil and gas and power sectors saw gains, stocks in the metal and telecommunication sectors faced selling pressure. The Indian rupee was trading at Rs 85.4 against the U.S. dollar. Gold prices fell by 0.3%, sitting at Rs 96,636 per 10 grams, while silver decreased by 0.4% to Rs 107,916 per kilogram.

In the consumer sector, Godrej Consumer saw shares rise by 5% after announcing a positive business update for Q1 FY26. The company expects strong growth driven by demand in Home Care and its international business. Despite some challenges in its Personal Care segment, Godrej remains optimistic about maintaining a robust growth trajectory.

Dabur India also experienced a surge, with shares jumping following solid Q1 FY26 results. The company noted a recovery in demand, particularly in urban markets, and anticipates revenue growth to continue due to favorable market conditions.

Nykaa’s shares rose over 2% after reporting a promising start to FY26. They expect net revenue growth around mid-20% thanks to consistent performance across different sales channels.

In the power sector, Jaiprakash Power Ventures saw its shares soar by 18% after a positive AGM and speculation about a potential acquisition by the Adani Group. This comes amid ongoing financial challenges for Jaiprakash Associates, which is facing insolvency proceedings.

As markets evolve, it’s vital to stay informed about these developments, whether you’re an investor or simply curious about the economic landscape.

For further insights, you can check recent reports from HBR on market trends and economic forecasts.

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