Market benchmarks open on flat note; Sensex at 66,400
The Hindu
The 30-share BSE Sensex inched up 13.76 points or 0.02% to 66,398.54. The broader NSE Nifty advanced 4.40 points or 0.02% to 19,676.75 in early trade.
Equity benchmark indices Sensex and Nifty opened on a flat note in early trade on July 25 as investors remained on the sidelines ahead of the Federal Reserve rate decision and busy week of corporate earnings.
Foreign fund outflows and surging crude oil prices also weighed on sentiments. The 30-share BSE Sensex inched up 13.76 points or 0.02% to 66,398.54. The broader NSE Nifty advanced 4.40 points or 0.02% to 19,676.75 in early trade.
"Globally markets will be keenly watching the Fed commentary since a 25 bp hike in rate is already known and discounted by the market," said V. K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services, in his market outlook.
He said, “On the domestic front, the expected announcement of quarterly results by some bluechip firms will impact investor sentiment.”
A slew of quarterly results are due this week including Tata Motors, Bajaj Auto, Axis Bank, Cipla, Dr Reddy’s, Bajaj Finance, Tech Mahindra that will influence stock prices and market sentiments.
"Market is likely to consolidate within a band for now and wait for triggers to move, either up or down," Vijaykumar said.
From the Sensex pack, UltraTech Cement, Tata Motors, JSW Steel and Mahindra & Mahindra were major winners, gaining up to 1.81%.
India may be able to develop its own high-end computing chipset, known as GPUs, in the next 3-5 years, Union Minister Ashwini Vaishnaw said.
DeepSeek has computer code that could send some user login information to a Chinese state-owned telecommunications company, say researchers.
Workday is cutting about 1,750 jobs, or 8.5% of its workforce as it focuses on AI.
Reliance Industries, ITC, and other major companies announce significant investments in West Bengal at BGBS 2025.
The Union Budget seems to have got many things right
LIC receives ₹105.42 crore GST demand notice for seven years, no material impact on operations.
Stock markets close lower as investors turn cautious ahead of RBI's monetary policy decision amid trade war concerns.
India has accused South Korea’s Kia of evading taxes of $155 million by misclassifying component imports but the carmaker has denied wrongdoing, the latest fight by a foreign automaker with New Delhi over tariffs, according to a document and two sources.
Rupee hits all-time low against dollar amid global trade war concerns, RBI rate cut expectations, and weak services sector.
Zomato CEO Deepinder Goyal clarifies controversial hiring process, with 30 candidates selected from 18,000 applications.
Bombay High Court to hear Skoda Auto Volkswagen India's plea challenging $1.4 billion tax demand on February 17.
Gold demand in India rose 5% in 2024 to 802.8 tonnes, with 2025 consumption expected between 700-800 tonnes.
India's services sector growth slows in January, but remains above 50; new export business rebounds, job creation accelerates.