Stock market LIVE Updates, July 8: Sensex, Nifty may see lower start; Asian markets in red

Opening Bell: Indian benchmark indices retreated at open on Monday, with BSE Sensex slipping 161 points at 79,8835 points, while the Nifty50 index fell slightly by 0.06 per cent to 24,310

BSE, NSE, Indian share market, Stock market

(Photo: Bloomberg)

Opening Bell: Indian benchmark indices retreated at open on Monday, with BSE Sensex slipping 161 points at 79,8835 points, while the Nifty50 index fell slightly by 0.06 per cent to 24,310.

On BSE Sensex Titan led the losses, followed by Adani Ports, IndusInd Bank, Asian Paints, ICICI Bank and Tata Steel while Tata Motors, HUL, ITC, HCL Tech, Axis Bank and L&T were among top gainers.

Similarly on NSE, Titan, Shriram Finance and Divis Labs slumped while Tata Motors, ONGC and Wipro advanced in early trade.

In contrast to the benchmarks, the broader markets showed strength, with the MidCap index rising by 0.33 per cent and the SmallCap index up 0.76 per cent. Both the indices also recorded record highs in early trade with MidCap registering its fresh high at 47,630 and Small Cap achieving a new peak at 54,617.

Sectorally, Nifty Consumer Durables, and Nifty PSU Bank traded losses whereas Nifty IT, Nifty Auto, Nifty Realty and Nifty FMCG led gains.

9:44 AM

Bigger, bolder labels: Companies look to put it back on FSSAI table

On the proposed amendments, a Nestlé India spokesperson said: “We are already providing nutritional information on the back of our product packs and have also voluntarily included Guideline Daily Amount (GDA) labelling on front of our packs that provides consumers with transparent nutrition information in the context of a reference portion for energy and other key defined nutrients. As a compliant company, we will comply with the regulations.” READ MORE

9:36 AM

Marico advances 3% on likely healthy sales in Q1

>> Marico’s Q1FY25 performance was marked by a modest uptick in underlying volume growth in the domestic business on a quarter-over-quarter basis. Internationally, the company achieved double-digit Y-o-Y growth in constant currency terms

>> Consolidated revenue grew in high single digits Y-o-Y, driven by expectations of gross margin expansion Y-o-Y owing to a favourable portfolio mix. Operating profit was expected to marginally exceed revenue growth Y-o-Y, leading to a slight increase in operating margin Y-o-Y.

9:34 AM

Adani Wilmar rises over 2% on healthy volume growth across segments in Q1FY25

>> Adani Wilmar’s Q1FY25 results indicated positive Y-o-Y trends across various segments.

>> Volume growth stood at 13 per cent, while branded exports volume increased by 36 per cent Y-o-Y.

>> Edible oil volume rose by 13 per cent Y-o-Y, with a corresponding 10 per cent increase in value.

>> The food and FMCG segment witnessed substantial Y-o-Y growth with volumes up by 46 per cent and value by 45 per cent, while the industry essentials segment recorded an 8 per cent decline in volume.

9:32 AM

Signature Global rallies 3% in weak market on solid Q1 pre-sales update

>> Pre-sales surged by 255 per cent to Rs 3,120 crore, while the area sold increased by 123 per cent to 2.03 million square feet.

>> Collections grew by 102 per cent, reaching Rs 1,210 crore.

9:30 AM

Infosys in red as Hemant Lamba resigns

>> Hemant Lamba has resigned from his position as Executive Vice President and Global Head – Strategic Sales at Infosys.

9:29 AM

Bank of Baroda falls nearly 4% post Q1 update

>> Bank of Baroda’s global business expanded by 8.52 per cent Y-o-Y to Rs 23.77 trillion in Q1, with global advances rising by 8.14 per cent Y-o-Y to Rs 10.72 trillion.

>> Global deposits increased by 8.83 per cent Y-o-Y to Rs 13.06 trillion.

>> Domestic deposits grew by 5.25 per cent Y-o-Y to Rs 11.05 trillion, while Domestic advances also saw healthy growth of 8.51 per cent Y-o-Y, amounting to Rs 8.81 trillion.

>> The bank’s board has also approved plans to raise additional capital up to Rs 7,500 crore via debt capital instruments. Additionally, the bank aims to raise up to Rs 10,000 crore through long-term bonds to finance infrastructure and affordable housing projects.

9:25 AM

IndusInd Bank off morning lows, trades flat

>> Induslnd Bank’s Q1FY25 net advances increased by 16 per cent Y-o-Y to Rs 3.48 trillion, while deposits grew by 15 per cent Y-o-Y to Rs 3.98 tillion.