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Closing Bell: Sensex Ends 670 Pts Higher, Nifty Fails To Retain 25,000; Maruti, Hero, Nestle Top Gainers
As of 12 noon, market is rallying strong as Sensex surged 712 points (0.88%) to 81,309.90, while Nifty 50 jumped 245 points (1.00%) to 24,877.15, due to broad-based buying across sectors.
Indian equity benchmark indices, Sensex and Nifty opened higher on Monday, buoyed by Prime Minister Narendra Modi's announcement of upcoming GST reforms. During his Independence Day speech, PM Modi hinted at next-generation GST reforms to be implemented by Diwali 2025, boosting investor sentiment.
At 7:49 AM, GIFT Nifty Futures surged 202 points or 1.24%, reaching 24,920, signaling a robust start for Indian equities. The sharp uptick reflects strong investor sentiment, likely driven by positive domestic cues and global developments. This early momentum sets a bullish tone for the market's opening session.
Adding to the optimism, S&P Global Ratings has upgraded India's sovereign credit rating from BBB- to BBB with a stable outlook, marking the first such upgrade in over 18 years.
In Asia, markets opened on a mixed note amid geopolitical tensions. Japan's Nikkei 225 was up 0.4%, while South Korea's KOSPI slipped 0.8% after US-Russia talks failed to reach a ceasefire agreement.
On Wall Street, major indices ended lower on Friday as investors locked in gains after a strong week. The S&P 500 fell 0.3%, while the Dow Jones ended flat with a slight positive bias.
Closing Bell: Proposed GST Reform Fuels Stock Market Rally; Will It Sustain?
Closing Bell: The stock market rally today was kicked off by positive sentiment prevailing due to proposed GST reforms. "Indian equities kicked off the week on a strong note, opening with a gap-up after reports suggested that the government is weighing a cut in Goods and Services Tax (GST) on small cars to 18% from the current 28%. According to a government official quoted by Reuters, the move is part of the most significant set of consumption tax reductions since the GST regime was rolled out in 2017 under Prime Minister Narendra Modi. The news lifted market sentiment, with a sharp rally seen right from the opening bell. Sectoral performance reflected strong gains in Automobiles, Consumer Durables, Construction, Consumption, and Metals, while IT and Media stocks lagged behind," noted Ashika Institutional Equities
Closing Bell: Sensex Ends 670 Pts Higher, Nifty Fails To Retain 25,000; Maruti, Hero, Nestle Top Gainers
Closing Bell: Sensex Ends 670 Pts Higher, Nifty Fails To Retain 25,000; Maruti, Hero, Nestle Top Gainers
Stock Market Live: Will Proposed GST Reform Fuel Nifty’s Long-Term Rally?
Stock Market Live: The announcement of GST reform will collectively improve market sentiments and will also set the stage for upmove after a muted performance over the past twelve month. According to Motilal Oswal estimate, “FY26 PAT growth of 9.8%/12.1% for Nifty/MOFSL universe. Given a favorable base effect, markets are likely to respond positively, especially as multiple government measures are expected to improve overall growth dynamics and sentiments in 2HFY26.”
Stock Market Live: All The Broadmarket Indices Stay in Green
Stock Market Live: Nearly all the broadmarket indices including Nifty 100, Nifty 200, Nifty 500, Nifty Midcap 50, etc were not only trading in green but also surged to nearly 1.5% during the intraday trading session.
Stock Market Live Updates: Nifty Off Day’s High, Sensex Up 757 Points; Maruti, Nestle, Hero, Top Gainers
Stock Market Live Updates: Nifty Off Day’s High, Sensex Up 757 Points; Maruti, Nestle, Hero, Top Gainers
Orient Green Power Reports 446% YoY Jump in Q1 FY26 Net Profit
Orient Green Power Company Limited has posted a strong set of numbers for Q1 FY26. The company reported a 38.56% year-on-year rise in total income to Rs. 93.17 crore, while EBITDA grew 46.39% to Rs. 65.92 crore with margins improving to 70.75%. Net profit jumped sharply to Rs. 28.85 crore, marking a 446% YoY surge, as PAT margin expanded to 30.96% from just 7.85% a year ago. On the business front, Orient Green Power also entered into an EPC contract for a 7 MW solar project in Tamil Nadu, further strengthening its renewable energy portfolio.
JSW Steel and POSCO Group Sign Heads of Agreement
JSW Steel, India’s leading steelmaker, and South Korea’s POSCO Group, a global leader in steel production, have signed a non-binding Heads of Agreement (HoA) to jointly explore setting up a 6 million tonnes per annum (MTPA) integrated steel plant in India. The agreement marks a significant step toward deepening strategic collaboration between two of the world’s most respected steel companies. This HoA builds on the Memorandum of Understanding (MoU) signed by both parties in October 2024 and outlines the broad framework for the proposed 50:50 joint venture. The HoA was signed in Mumbai in the presence of Mr. Lee Ju-tae, Representative Director and President, POSCO Holdings, and Mr. Jayant Acharya, Joint Managing Director & CEO, JSW Steel.
Arisinfra Solutions Secures Rs.100 Cr in New Integrated Supply & Services Orders in North Bengaluru
Arisinfra Solutions Limited, a leading tech-enabled supply and services network for India’s construction and real estate sectors, has strengthened its order book with ₹100 crore in newly secured integrated supply-and-services contracts. The mandates, awarded by Arsh Greens and Eternity Group, cover a diverse mix of asset classes including plotted developments, villas, and apartments. With these wins, Arisinfra’s North Bengaluru portfolio now stands at over 2.45 million sq. ft. of RERA carpet area, representing a Gross Development Value (GDV) of approximately ₹1,400 crore. The new contracts comprise around ₹50 crore in execution services and material supply contracts worth over ₹50 crore.
MCX announces launch of Nickel Futures contract
The Multi Commodity Exchange of India Ltd. (MCX), has announced the launch of Nickel futures contract effective August 18, 2025. The contract will contribute to efficient price discovery and encourage greater value chain participation across the country. Nickel is a critical industrial metal and a key raw material in the stainless steel making, electroplating, EV batteries and other engineering industries. As India is dependent on Nickel imports, the Nickel consuming industries are exposed to price volatility and supply disruptions, adding significant pressure on their business margins.
Stock Market Live Updates: Sensex Zooms 990 Pts, Nifty Nears 25,000; Auto Stocks Surge
Stock Market Live Updates: Sensex Zooms 990 Pts, Nifty Nears 25,000; Auto Stocks Surge
Sensex/Nifty at 10 AM
At 10 Am both benchmark indices are trading sharply higher. The Nifty surged 356.25 points, or 1.45%, to 24,987.55, while the Sensex jumped 1,045.46 points, or 1.30%, to 81,643.12.
Stock Market Live Updates: GST Reform Hopes Among Key Drivers of 1,100-Point Sensex Rally
Expectations of major GST reforms, as hinted by Prime Minister Narendra Modi in his Independence Day speech, emerged as one of the key factors behind the 1,100-point rally in the Sensex.
Stock Market Live Updates: US Dollar Down today
US Dollar in red on Monday.
Stock Market Live Updates: Stocks to Watch Today: Glenmark, Vodafone Idea, Inox Wind, M&M in Focus
Investors are expected to keep a close eye on Glenmark Pharma, Vodafone Idea, Inox Wind, and Mahindra & Mahindra (M&M) in today’s trade.
Stock Market Live Updates: Asian Markets Trade Mixed Amid Geopolitical Uncertainty
Asian markets were trading on a mixed note on Monday as US-Russia talks ended without reaching a ceasefire agreement. As of the latest update, Japan’s Nikkei 225 was up 0.7%, Hong Kong’s Hang Seng gained 0.45%, while South Korea’s KOSPI declined 1.23%.
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