Nifty 50 ended the session nearly flat at 25,461.30, gaining just 0.30 points (0.00%). Bank Nifty declined by 82.70 points to settle at 56,949.20, down 0.15%. Sensex closed slightly higher at 83,442.50, rising 9.60 points or 0.01%.
Global events/updates:
- China’s Foreign Ministry has sharply criticized former U.S. President Donald Trump’s threat to impose an additional 10% tariff on BRICS nations, stating that tariffs should not be used as tools of demand. The ministry added that the use of tariffs ultimately benefits no one, signaling strong opposition to renewed trade protectionism.
- GST COUNCIL MEETING COULD GET FURTHER DELAYED
- Government Likely To Convene GST Council Meeting During Or Post Monsoon Session
- Council Last Met In Dec 2024
- The Indian rupee sharply depreciated by 58 paise to 85.98 per dollar, nearing the 86-mark, amid heightened global volatility triggered by former U.S. President Donald Trump’s tariff policies. This marked the rupee’s steepest single-day fall since June 13, making it the second-worst performing currency in Asia. The broader Asian currency market also reacted negatively to renewed fears of protectionist trade measures, unsettling investor sentiment across emerging markets.
Stock news:
- Eureka Forbes Ltd: Stock rose 3 percent in the market after forming a strategic partnership with Dixon Technologies (India) Ltd.
- Rulka Electricals: The company received an order worth Rs 34.23 crores in different segments (Airport and Warehouse)
- Vinyas Innovative Technologies: Has received new orders worth ₹160 crores from various domestic and international customers for manufacturing and supplying PCBA and electronic assemblies.
- Samvardhana Motherson International has secured shareholder approval for a 1:2 bonus share issue, rewarding investors with 1 bonus share for every 2 held.
- ACME Solar places one of India’s largest Battery Energy Storage System orders of over 3.1 GWh.
- Tourism Finance Corporation of India Limited: Board meeting to be held on Thursday, 10th July, to consider the proposal of sub-division/split of the existing Equity Shares of the face value Rs. 10/- each.
- JK Lakshmi cement: Co declared H1 bidder for 630HA limestone mining & cement plant project in Assam || This project could add 30% to the overall annual revenue to the Co.
- Big News for HAL, BEL, BDL: Defence Secretary says they intend to sign defence contracts worth Rs. 2 lakh crore in FY26.He also stated that they can request additional defence capex from the Finance Ministry if needed.
Top gainer/Top loser (Nifty 500):
| Top gainers | Top losers |
| Jaiprakash Power Ventures Ltd. (20.0%) | Deepak Fertilisers & Petrochemicals Corporation Ltd. (-5.7%) |
| Godrej Consumer Products Ltd. (6.4%) | Endurance Technologies Ltd. (-5.0%) |
| Metropolis Healthcare Ltd. (5.3%) | Chennai Petroleum Corporation Ltd. (-4.1%) |
| Authum Investment & Infrastructure Ltd.(4.1%) | Indus Towers Ltd. (-4.0%) |
| Alkyl Amines Chemicals Ltd. (4.1%) | Asahi India Glass Ltd. (-3.9%) |
Conclusion:
The market ended the day on a flat note with Nifty 50 and Sensex posting marginal gains, while Bank Nifty slipped slightly, indicating a lack of clear direction. The muted movement reflects investor caution amid mixed global cues and sector-specific pressures.
Written by Manideep Appana
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The post Closing Bell: Jaiprakash Power, Godrej Consumer Among Top Gainers as Nifty Closes at 25,461 and Sensex at 83,442 Points appeared first on Trade Brains.