India’s stock markets saw a slight increase today, with the Sensex rising by 90.85 points and the Nifty 50 gaining 24.75 points. This growth was supported by strong performances from industry leaders such as Reliance Industries and Bharat Electronics, as investors await upcoming US trade talks. Despite global uncertainties and cautious investor sentiment due to the impending US trade discussions, India’s equity benchmarks managed to record modest gains.
The main support came from industry giants like Reliance Industries and Bharat Electronics. Apollo Hospitals Enterprise led the way with a 3.5% increase, contributing to the overall growth. However, declines from Nestle India, Axis Bank, and Shriram Finance put some pressure on the indices.
It is worth noting that the HSBC India Manufacturing PMI reached 58.4 in June, signaling a strong manufacturing sector—the highest in 14 months. Moreover, TVS Motor’s impressive 20% boost and NTPC’s expansion in power capacity highlight the robust economic activity. Reliance and Bharat Electronics played crucial roles in pushing the market upwards, demonstrating their significant influence within the Indian stock landscape.
Traders may consider these companies as potential drivers of market momentum amidst ongoing economic developments. India’s manufacturing sector has shown remarkable strength, as evidenced by the increase in PMI. Along with NTPC’s capacity expansion and TVS Motor’s sales growth, these factors indicate a resilient economy that is well-positioned to face potential challenges arising from global trade discussions.
The slight uptick in market performance reflects confidence in India’s economic stability despite global trade uncertainties.
Market boosts from Reliance, Bharat growth
Markets will continue to closely monitor the performance of key players and economic indicators in the coming weeks.
As per the NSE’s trading holiday calendar, major stock exchanges Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) will remain open throughout July 2025. However, the markets will be closed for regular weekend breaks, which include four Saturdays and Sundays. For the rest of the year, the exchanges have scheduled holidays on August 15 (Independence Day), August 27 (Ganesh Chaturthi), October 2 (Mahatma Gandhi Jayanti/Dussehra), October 21 (Diwali Laxmi Pujan), October 22 (Balipratipada), November 5 (Gurpurb Sri Guru Nanak Dev), and December 25 (Christmas).
Indian benchmark indices, Sensex and Nifty, experienced a decline on Monday, weighed down by losses in the financial and auto sectors. Despite a favorable risk environment resulting from easing tensions in the Middle East and a strong revival in foreign capital inflows, investor sentiment remained cautious. The BSE Sensex dropped 321 points, or 0.38%, to 83,737, while the NSE Nifty fell 82 points, or 0.32%, slipping below the 25,600 mark.
Last week, both Sensex and Nifty closed with gains, supported by improved market sentiment and reduced geopolitical risks. The indices are currently trading approximately 2.5% below their all-time highs reached in September. Akshay Chinchalkar, Head of Research at Axis Securities, commented, “The Nifty ended 88 points higher, settling at 26,738.
We are now testing an important upside hurdle between 25,640 and 25,740 followed by a rising channel peak around 25,800. Once we clear this zone, the next logical objective will be the all-time high at 26,277. Immediate support lies at 25,400 followed by 25,250.”
Global cues are positive this morning, with Japan leading gains in Asia and US futures in the green.
For more updates on stock market trends and holiday calendars, stay tuned.
