Nifty Above 24,600; Sensex Today Trades Higher
Asia-Pacific markets mostly fell Monday as investors assessed the US's latest round of tariffs and jobs report, which pushed Wall Street lower last Friday and spurred bets on a rate cut by the US Federal Reserve next month.
US stocks slumped on Friday, and the S&P suffered its biggest daily percentage decline in more than two months as new US tariffs on dozens of trading partners and a surprisingly weak jobs report spurred selling pressure.
Here's a table showing how US stocks performed on Friday:
| Stock/Index | LTP | Change ($) | Change (%) | Day High | Day Low | 52-Week High | 52-Week Low |
|---|---|---|---|---|---|---|---|
| Alphabet | 189.95 | -2.91 | -1.51% | 191.62 | 188.7 | 208.7 | 142.66 |
| Apple | 202.38 | -5.19 | -2.50% | 213.58 | 201.5 | 260.09 | 169.21 |
| Meta | 750.01 | -23.43 | -3.03% | 766 | 745.31 | 784.7 | 450.8 |
| Tesla | 302.63 | -5.64 | -1.83% | 309.31 | 297.82 | 488.54 | 182 |
| Netflix | 1158.6 | -0.8 | -0.07% | 1178.51 | 1152.85 | 1341.15 | 588.43 |
| Amazon | 214.75 | -19.36 | -8.27% | 220.44 | 212.8 | 242.52 | 151.61 |
| Microsoft | 524.11 | -9.39 | -1.76% | 535.8 | 520.86 | 555.45 | 344.79 |
| Dow Jones | 43588.58 | -542.4 | -1.23% | 43781.77 | 43340.68 | 45073.63 | 36611.78 |
| Nasdaq | 22763.31 | -454.81 | -1.96% | 22972.47 | 22673.88 | 23589.37 | 16542.2 |
Source: Equitymaster
At present, the BSE Sensex is trading 178 points higher, and the NSE Nifty is trading 64 points higher.
Bharat Electronics, Tata Steel, and Jio Financial are among the top gainers today.
Infosys, Tech Mahindra and Coal India are among the top losers today.
The BSE Midcap index is trading 0.3% higher, and the BSE Smallcap index is trading flat.
Sectoral indices are trading mixed today, with stocks in the auto sector and energy sector witnessing buying. Meanwhile, stocks in the media sector and the power sector are witnessing selling pressure.
The rupee is trading at Rs 87.32 against the US dollar.
RailTel Bags New Order
Telecom infrastructure firm RailTel Corporation of India Ltd on Friday, 1 August 2025, announced that it has received an advance work order from Bharat Sanchar Nigam Limited (BSNL) for services valued at Rs 1.7 bn, inclusive of taxes.
The nature of the contract is service-based, and the order is to be executed by 31 July 2028. The company confirmed that the order was issued under the terms specified in the advance work order (AWO) from BSNL.
RailTel Corporation of India provides broadband telecom and multimedia networks across the country. The company is one of the largest telecom infrastructure providers in India and a trusted end-to-end IT &ICT service provider.
RailTel has an extensive optical fibre network of 62,000 km along the railway tracks, a 21,000-km citywide access network, 11,000+ points of presence (PoPs) and 1,100 telecom towers nationwide.
Dilip Buildcon Wins Metro Rail Contract
Bhopal-based Dilip Buildcon on Saturday, 2 August 2025, announced that its joint venture with RBL Bank has been declared one of the lowest (L1) bidders for a railway construction project worth Rs 15 bn issued by Gurugram Metro Rail.
The project involves the construction of a viaduct and 14 elevated stations from Millennium City Centre to Sector 9 to Dwarka Expressway (1.85 km) and a ramp to the depot at Sector 33.
In addition, the JV will have to build the underpass at Bhaktawar Chowk, excluding PEB and architectural finishing works of Gurugram Metro Corridor between Millennium City Centre and Cyber City (26.65 Km).
Lastly, the company will construct a spur, permeable structures, from Basai village to Dwarka Expressway (1.85 Km) with a total of 27 stations, under the contract. The project is to be executed within 30 months, that is, two and a half years.
MD & CEO Devendra Jain noted that while headwinds in the EPC segment persist, the company's coal mining and road projects under the Hybrid Annuity Model (HAM) helped offset the softness.
Dilip Buildcon is India's leading engineering, procurement, and construction contractor. The company constructs roads, bridges, highways, mines, irrigation systems, metro, and airports.
Harsha Engineers Share in focus
Harsha Engineers International shares will be in focus on August 4 after the company announced a significant order win. In an exchange filing, the company said it has entered into a long-term agreement with a leading multinational firm for the supply of journal bearings and bushings.
The deal, which includes supply from the company and its subsidiaries, is valued at Rs 117 crore per annum for an initial period of three years.
Meanwhile, the company's board is scheduled to meet soon to consider and approve the standalone and consolidated unaudited financial results for the quarter ended June 30, 2025.
Additionally, Harsha Engineers' subsidiary Advantek has commenced commercial production and invoicing from June 26, 2025, at its newly established manufacturing facility in Ahmedabad, Gujarat.
The company is the largest manufacturer of precision bearing cages in the organised sector in India in terms of capacity and operations.
It's also among the leading manufacturers of precision bearing cages in the world with a market share of approximately 5-6% in the organized segment of the global brass, steel, and polyamide bearing cages in terms of revenue.
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Disclosure: Equitymaster Agora Research Private Limited (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity ...
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