More Stories

Informist, Tuesday, Jul. 1, 2025

MUMBAI – India's headline indices closed marginally higher Tuesday, giving up small gains made during the session. The indices have consolidated for the third straight session due to lack of triggers. Analysts had said that investors would look to book profit at higher levels for the rest of the week. Four companies--Globe Civil Projects, Kalpataru, and Ellenbarrie Industrial Gases, Raymond Realty--made their debut on the bourses in early trade. 

On Tuesday, the Nifty 50 ended at 25541.80 points, up 24.75 points. The BSE Sensex was at 83697.29 points, up 90.83 points. For the Nifty 50, sharp gains in index heavyweights such as HDFC Bank and Reliance Industries limited the index from slipping into the red. 

Among the sectoral indices, the Nifty PSU Bank closed 0.7% higher at 7253.60 points and rose for the sixth straight session. The Nifty Oil & Gas index also closed 0.5% higher. The Nifty Media and the Nifty FMCG indices were the worst hit. Mid- and small-cap indices bore the brunt of selling pressure. The Nifty Midcap 150 and the Nifty Smallcap 250 closed 0.2% lower each. 

Apollo Hospitals closed 3.5% higher and was the top gainer among the Nifty 50 constituents. The shares hit an all-time high of INR 7,584.50 after the company Monday said that its board had approved the demerger of its omni-channel pharmacy business and the digital healthcare platform business and also enable their direct listing. Brokerages are bullish on the company's demerger plans. Apollo Hopsitals expects the demerged entity, Apollo Healthtech, to post a 22-23% year-on-year revenue growth for the next few years. 

Bharat Electronics ended 2.6% higher after the company late Monday said it got orders worth INR 5.28 billion for making radars, communication equipment, control centre, and spares, since Jun. 20. ICICI Direct expects the company along with Hindustan Aeronautics and Astra Microwave Products, which closed 1% higher and 1.2% lower on Tuesday, respectively, to likely benefit from India speeding up the phase three of space-based surveillance programme worth INR 69.68 billion. 

Reliance Industries closed nearly 2% higher after rising over 2% to INR 1,531.40, the highest level since Sept. 27. Brokerage Nuvama Institutional Equities before market open had raised the target price on the stock by 5% on the back of better growth visibility in the company's solar module business. CLSA expects improvement in the company's retail business, improvement in the earnings of the current financial year, and a potential initial public offering of RIL's Jio business. 

Shares of Globe Civil closed 33% higher from the issue price after listing at INR 90 on the NSE, a premium of around 27% to the issue price. Shares of Ellenbarrie Industrial listed at INR 486, a 21% premium to its IPO price, and ended nearly 4% higher. Kalpataru, which ended 4.6% higher, listed at INR 414 on the NSE, the same as the issue price. Raymond Realty, the demerged arm of Raymond, ended nearly 7% lower after listing at INR 1,000 on the NSE, a discount of 4% to its discovery price of 1,039.3.

Some automobile companies reacted to their monthly wholesale sales data. Eicher Motors rose nearly 2% to an over two-month high after the company reported a healthy on-year growth in sales across segments in June, but later came off highs to end up 1%. Despite strong sales print for June, TVS Motor closed 0.8% lower as the company said disruption in the supply chain of electric vehicle market, particularly concerning magnet availability, continues to pose challenges in the short to medium term.   

Among other stocks, NMDC closed down 3% after the company slashed iron prices by up to INR 600 per tonne for July. Dixon Technologies, which closed 2% lower, had fallen to an intraday low of INR 14,460 after global brokerage Morgan Stanley downgraded the stock to 'underweight' with a target price of INR 11,563, citing a slowdown in earnings growth projection for 2026-27 (Apr-Mar) and FY30. IDFC First Bank ended 6% higher after Investec upgraded the stock to 'buy', citing the bank's strong growth prospects. 

* Of the Nifty 50 stocks, 30 rose and 20 fell

* Of the Sensex stocks, 15 rose and 15 fell

* On the NSE, 1,491 stocks rose, 1,452 fell, and 77 were unchanged

* On the BSE, 2026 stocks rose, 1,985 fell, and 153 were unchanged

* Nifty PSU Bank: up 0.7%; Nifty Oil & Gas: up 0.5%; Nifty Media: down 1.3%

BSE                                               NSE

Sensex: 83697.29, up 90.83 points or 0.5%        Nifty 50: 25541.80, up 24.75 points or 0.1%

End

Edited by Akul Nishant Akhoury

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

© Informist Media Pvt. Ltd. 2025. All rights reserved.