Sensex Today Trades Lower; Nifty Below 25,350
Asian markets traded mostly higher on Friday after Wall Street indices posted record closing highs overnight
US stock market ended higher on Thursday, with the S&P 500 and the Nasdaq Composite posting record closing highs.
Here's a table showing how US stocks performed on Thursday:
| Stock/Index | LTP | Change ($) | Change (%) | Day High | Day Low | 52-Week High | 52-Week Low |
|---|---|---|---|---|---|---|---|
| Alphabet | 178.70 | 1.04 | 0.59% | 179.59 | 175.74 | 208.70 | 142.66 |
| Apple | 212.41 | 1.27 | 0.60% | 213.48 | 210.03 | 260.09 | 169.21 |
| Meta | 727.24 | -5.54 | -0.76% | 735.80 | 719.60 | 747.90 | 442.65 |
| Tesla | 309.87 | 13.99 | 4.73% | 310.48 | 300.00 | 488.54 | 182.00 |
| Netflix | 1250.59 | -37.69 | -2.93% | 1289.60 | 1246.01 | 1341.15 | 587.04 |
| Amazon | 222.26 | -0.28 | -0.13% | 222.79 | 219.70 | 242.52 | 151.61 |
| Microsoft | 501.48 | -2.03 | -0.40% | 504.44 | 497.75 | 506.78 | 344.79 |
| Dow Jones | 44650.64 | 192.34 | 0.43% | 44775.47 | 44372.92 | 45073.63 | 36611.78 |
| Nasdaq | 22829.26 | -35.64 | -0.16% | 22907.05 | 22716.41 | 22915.33 | 16542.20 |
Source: Equitymaster
At present, the BSE Sensex is trading 216 points lower, and the NSE Nifty is trading 35 points lower.
HUL, Axis Bank, and Asian Paints are among the top gainers today.
TCS, M&M, and Infosys, on the other hand, are among the top losers today.
The BSE Midcap index is trading 0.02% lower, and the BSE Smallcap index is trading 0.1% lower.
Sectoral indices are trading mixed today, with stocks in the power sector and the services sector witnessing buying. Meanwhile, stocks inthe IT sector and media sector witness selling pressure.
The rupee is trading at Rs 85.8 against the US dollar.
IREDA Q1 Net Profit Drops 36%
Due primarily to increased expenses, the state-owned Indian Renewable Energy Development Agency (IREDA) reported on Thursday that its net profit for the June quarter decreased 36% to Rs 2.3 billion (bn) from the same period last year.
According to filing, the company reported a net profit of Rs 3.8 bn for the quarter that concluded on 30 June 2024.
However, the revenue from operations improved to Rs 19.5 bn during the quarter against Rs 15.1 bn in the year-ago period. The total expense rose to Rs 16.5 bn in the quarter from Rs 10.3 bn in the same period a year ago.
Compared to the previous quarter, revenue grew 2.3% from Rs 19.04 bn.
The company's net worth increased from Rs 91.1 bn at the end of FY25 to Rs 12.04 bn. Its loan book expanded in accordance with this growth, going from Rs 632.1 bn to Rs 799.4 bn annually.
Zee Shareholders Reject Promoter's Capital Plan
Zee Entertainment promoters have received a second setback as investors rejected the proposed Rs 22,4 bn capital infusion through preferential warrants.
A special resolution needs more than 75% support, whereas a normal resolution needs more than 50%. A special resolution was the current proposal.
The appointment of Punit Goenka, a company promoter, as managing director was also rejected by shareholders in December 2024.The resolution to issue warrants to promoter group entities was approved by roughly 60% of voting shareholders, but not all of them did. The business values the majority's support and respects the decision.
Aegis Logistics Transfers LPG Terminal
On Thursday, Aegis Logistics Limited announced that it and its associate company, Aegis Vopak Terminals Limited (AVTL), had signed a Business Transfer Agreement (BTA) for the transfer of its recently opened LPG cryogenic terminal at Pipavav.
The deal was completed on 10 July 2025.
The terminal was put into service on 3 July 2025 and has a 48,000 metric tonne static storage capacity. Therefore, as of 31 March 2025, the unit did not contribute to either turnover or net worth.
Aegis Logistics is transferring its LPG terminal to Aegis Vopak Terminals to improve operational efficiency and meet growing demand. The company's shareholding pattern remains unchanged.
Aegis Logistics is a logistics company that deals with chemicals, oil, and gas. The business operates a network of filling plants, pipelines, gas stations, bulk liquid terminals, and liquefied petroleum gas (LPG) terminals to deliver goods and services.
Tata Elxsi's Q1 Profit Drops
Tata Elxsi's quarterly profit to drop 22%, due to economic uncertainty and industry problems that slowed down R&D spending and decision-making.
Tata Elxsi's consolidated net profit in Q1 FY26 was Rs 1.4 bn, down from Rs 1.8 bn in the same quarter last year.
India's IT sector started earning season with TCS reporting slow growth.
Ata Elxsi's operating revenue dropped 3.7% year over year to Rs 8.9 bn. More than 53% of the company's revenue comes from the automotive and transportation segment, which the company attributed for the weakness.
Managing Director of the company stated that the quarter was tough due to economic uncertainties industry issues. However, the company showed resilience by securing big deals and expanding customer relationships.
More By This Author:
Sensex Today Ends 345 Points Lower; Nifty Below 25,400Nifty Below 25,500; Tata Motors & Infosys Top Losers
Sensex Today Ends 176 Points Lower; Nifty Below 25,500
Disclosure: Equitymaster Agora Research Private Limited (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity ...
more
Comments
