Sensex rises 270 points, Nifty 50 settles above 25,500— 10 key highlights from Indian stock market today

Indian stock market benchmarks- the Sensex and the Nifty 50- ended with decent gains on Tuesday, July 8, with large financial stocks as the key support.

The Sensex closed with a gain of 270 points, or 0.32 per cent, at 83,712.51, while the Nifty 50 rose 61 points, or 0.24 per cent, to 25,522.50. The mid and small-cap segments underperformed.

While the BSE Midcap index ended almost flat, the Smallcap index dropped 0.17 per cent.

Gains in select financial heavyweights, including HDFC Bank, Kotak Mahindra Bank, and ICICI Bank, drove the key indices into positive territory, even as uncertainty over a potential India-US trade deal limited the gains.

"The Indian equity market remained largely rangebound as investors awaited definitive progress on the India–US trade agreement. While sentiment remains cautiously optimistic about a potential deal, the lack of formal confirmation has restrained fresh buying activity," Vinod Nair, the head of research at Geojit Investments, observed.

“The US decision to extend the deadline for implementing 25 per cent tariffs on key trading partners has led investors to adopt a more defensive approach,” he said.

With the Q1FY26 results season of Indian corporates starting this week, investors' focus is on potential earnings recovery after four quarters of weakness and management commentaries for future outlook.

As many as 27 stocks ended higher in the Nifty 50 index, with Kotak Mahindra Bank (up 3.45 per cent), Eternal (up 1.97 per cent) and Asian Paints (up 1.85 per cent) closing as the top gainers.

Titan Company (down 5.88 per cent), Dr. Reddy's Laboratories (down 2.02 per cent) and Bajaj Auto (down 1.44 per cent) ended as the top losers in the index.

Nifty Bank clocked a decent gain of 0.54 per cent to end at 57,256. The Private Bank index rose 0.66 per cent, while the Financial Services index climbed 0.68 per cent.

However, the PSU Bank index slipped 0.25 per cent.

Among the losers, Nifty Consumer Durables lost 2.29 per cent. The Pharma and Healthcare indices lost nearly 1 per cent each.

Jaiprakash Power Ventures (70.88 crore shares), Vodafone Idea (44.42 crore shares), and Alok Industries (43.84 crore shares) were the most active stocks in terms of volume on the NSE.

AKI India (up 19.93 per cent), Sambhv Steel Tubes (up 14.90 per cent) and Filatex Fashions (up 13.11 per cent) were the three stocks that rose more than 10 per cent on the NSE.

Nectar Lifesciences (down 20.02 per cent) and Rajdarshan Industries (down 10.01 per cent) were the two stocks that crashed more than 10 per cent on the NSE.

(This is a developing story. Please check back for fresh updates.)

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stories by Nishant Kumar

Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of individual analysts or broking firms, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.

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