July 28, 2025 07:08 pm (IST)
The gaining spree of Indian benchmark indices halts on Tuesday
Mumbai, Jul 5 (IBNS): Indian benchmark indices declined on Tuesday, snapping its six consecutive days of gain, on the back of profit booking, especially in auto stocks, and weak global cues, with Sensex down 111.89 points to 27166.87 and Nifty down 34.75 points to 8335.95.
Prime Minister Narendra Modi expanded his council of ministers on Tuesday by inducting 19 new ministers. He also reshuffled some of the ministerial portfolios. But the reshuffle failed to have much of an effect on the market.
A private PMI survey showed that the service sector activity, fell to 50.3 in June, from 51 in May, the lowest for the index in seven months and the second-lowest in a year, reported Hindustan Times.
Some of the top gainers on Tuesday were Reliance Industries, HDFC, Adani Ports, Sun Pharma, Tata Steel, Wipro, Coal India, L&T and BHEL while losing stocks included Tata Motors, PowerGrid, Asian Paints, ICICI Bank, Bharti Airtel, Hero MotoCorp, NTPC, ONGC, GAIL and Bajaj Auto
The stock market will remain closed on Wednesday owing to religious holidays.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
Elon Musk's Tesla rival VinFast opens showroom in Surat
Mon, Jul 28 2025
Indian IT major TCS to slash 12,000 jobs
Sun, Jul 27 2025
Tata Chemicals Q1FY26 net profit rises 81% to ₹316 cr despite weak global demand; revenue dips 2%
Fri, Jul 25 2025
Godrej’s aerospace unit bags manufacturing contract from Pratt & Whitney to supply aircraft engine parts
Fri, Jul 25 2025
Malaysia’s share in India’s palm oil imports rises to 35% in H1 2025, aided by tariffs and festive demand
Fri, Jul 25 2025
ITC to invest ₹20,000 cr to boost manufacturing, to deepen ‘Bharat First’ focus: Chairman Sanjiv Puri
Fri, Jul 25 2025
Bank of Baroda Q1FY26 net profit steady at ₹4,541 cr; treasury gains lift non-interest income 88%
Fri, Jul 25 2025
Air India posts ₹10,859 cr loss in FY25 despite revenue rise
Fri, Jul 25 2025