Stock Market Today: Bharat Road Network’s Unit Get Rs 384 Crore In Settlement From NHAI

Bharat Road Network’s unit received Rs 384 crore in settlement from NHAI, the company said in the exchange filing.

Primary Market Update: Crizac Lists At Rs 281.05 On NSE 

Crizac listed at Rs 281.05 on NSE, compared to its issue price of Rs 245. It listed at Rs 272 on BSE, also against the issue price of Rs 245. This represents a premium of 14.3% on BSE and 14.7% on NSE.

Indegene Gets B&K’s Initiation With 15% Upside Projection

B&K Securities started coverage on Indegene and projected an upside potential of over 15% as it sees tailwinds for growth. The brokerage has given a ‘hold’ rating with a target price of Rs 648 apiece, while ascribing a 20% premium to the best comparable Indian IT peers.

B&K has built in 11%, 14%, and 16% revenue, Ebitda, and PAT CAGR, respectively, with sustained cash flow from operation and Ebitda at 95%. Medium-term growth will improve as new capabilities are built and outsourcing continues to accelerate, the brokerage said.

Lupin, Biocon Leading Gains Amid Trump’s Threats Of 200% Tariff On Drug Import

Lupin Ltd., Biocon Ltd., Granules India Ltd., shares gained despite the sentiment for overall pharmaceutical stocks got affected after US President Donald Trump threatened to impose steep tariffs on drug import. Trump threatened to impose 200% tariff on drugs within a year.

Asian Paints Gets Double Rating Upgrade From Jefferies — Check Target Price

Asian Paints Ltd. stock has received a target price and a double rating upgrade from multinational investment firm Jefferies, citing normalisation in gross margin and a more gradual pick-up in growth for rival Birla Opus this year.

The analysts at Jefferies have changed their rating from “Underperform” to “Buy” for Asian Paints, thus skipping “Hold”, as they expect a gradual recovery in earnings starting this year for the paint company, which holds more than 50% of the market share.

Stock Market Today: Red Metal Stocks Trade Higher Despite Trump’s 50% Tariff

Copper stocks opened higher on Wednesday even as US President Donald Trump announced the imposition of 50% tariff on imports of the metal the previous night. Hindalco Industries Ltd. and Hindustan Copper Ltd. gained, while Vedanta Ltd. saw marginal decline in early trade.

The tariffs announced by Trump will take immediate effect, with the aim of protecting domestic industries, he said. The US president also threatened a 200% levy on pharmaceutical exports, albeit with a grace period of a year and a half before imposition.

Stock Market Live: Nifty Pharma Index Rises Amid Trump’s 200% Tariff Threat 

The NSE Nifty Pharma advanced 0.45% to 22,264.85 so far today as Lupin Ltd., Aurobindo Pharma Ltd., and Laurus Lab Ltd. led gains.

Sectoral Performance At Open: Nifty Realty Declines Most 

On National Stock Exchange, seven sectoral indices declined, six advanced, and two remained flat out of 15. The NSE Nifty Realty declined the most, and the NSE Nifty Defence advanced the most.

Nifty Contributors: ICICI Bank, Infosys & Larsen & Toubro Limit Gains 

ICICI Bank Ltd., Infosys Ltd., Larsen & Toubro Ltd., HCLTech Ltd., and Wipro India Ltd. weighed on the Nifty 50 index.

Hindustan Unilever Ltd., Bharti Airtel Ltd., Shriram Finance Ltd., Maruti Suzuki India Ltd., and Jio Financial Services Ltd. limited losses to the Nifty 50 index.

Stock Market Today: Nifty, Sensex Open Lower As ICICI Bank, L&T And Infosys Weigh

The NSE Nifty 50 and BSE Sensex opened slightly lower on Wednesday tracking a decline in ICICI Bank Ltd., Larsen & Toubro Ltd., and Infosys Ltd..

The indices were trading 0.05% and 0.07% down, respectively as of 9:21 a.m.

Stock Market Today: Nifty, Sensex Fall At Pre-Open 

At pre-open, the NSE Nifty 50 was trading 0.11% or 28.80 points down at 25,493.70, and the BSE Sensex was trading 0.11% or 92.69 points down at 83,619.82.

Yield On The 10-Year Bond Opens Flat

  • The 10-year bond yield opened flat at 6.32%

Source: Bloomberg

Rupee Opens Weaker Against US Dollar

  • Rupee opened 15 paise weaker against US Dollar at 85.85

  • It closed at 85.70 a dollar on Tuesday.

Source: Cogencis

Stock Market Today: Pharma & Copper Stocks In Focus 

Pharma and copper stocks are in focus today as US imposed a 50% tariff on copper tariffs and threatened to impose 200% tariff on drug imports.

SEBI Mulling Longer-Dated Contracts To Promote Long-Term Investing

The Securities and Exchange Board of India is closely monitoring the Indian futures and options markets to safeguard investor interests, ensure market stability, and encourage long-term capital formation, according to people familiar with the matter.

Sources told NDTV Profit that while retail participation in index options on expiry days has slightly declined in recent times, an overwhelming majority—nearly 90%—of these retail traders still end up losing money.

SEBI Mulling Longer-Dated Contracts To Promote Long-Term InvestingStock Market Live Update: B&K On Indegene 

  • Initiate Hold with a target price of Rs 648

  • Building an outsourcing giant

  • Organic scaling with judicious and tactical acquisitions

  • Competitors are plenty, but niche is critical

  • Expect revenue/EBITDA/PAT CAGR of 11%/14%/16% over medium term

Oil Prices Fall As Supply Outlook Improves 

Oil prices declined in Asia session as supply outlook improved because of an increase in US crude stock piles. American Petroleum Institute said that US inventories advanced 7.1 million barrels last week.

Brent crude’s September future declined 0.29% to $69.96 a barrel as of 8:09 a.m.

Asia Market Update: CSI 300 Rises Amid PPI Decline

Mainland China’s benchmark CSI 300 was trading slightly higher in contrast to most markets in Asia-Pacific. China reported a decline in its Producer Price Index in June. The PPI fell to 3.6% in June.

US President Donald Trump imposed a 50% tariff on copper imports which weighed on Asia-Pacific markets. He also threatened a 200% tariff on pharmaceutical imports.

The Nikkei 225 and Hang Seng were trading 0.11% an d 1.13% down, respectively as of 7:32 a.m.

US Market Update: Dow Jones & S&P 500 Futures Drop As Trump Starts To Impose Sectoral Tariffs 

US futures declined in Asia session as US President Donald Trump announced 50% tariff on copper imports while he threatened a 200% tariff on drug imports. He also said that more sectoral tariffs are about to be revealed which soured risk-on sentiment.

The Dow Jones Industrial Average and S&P 500 futures declined 0.11% and 0.10% down, respectively. The Nasdaq 100 futures fell 0.09%.

GIFT Nifty Implies Negative Open; Dixon Tech, JSW Steel, RVNL Shares In Focus

The GIFT Nifty was trading 0.06% or 14.50 points down at 25,582.50 as of 6:53 a.m., which implied a negative open.

Investors may focus on JSW Steel Ltd., Tata Steel Ltd., Seamec Ltd., Dixon Technology Ltd., and Rail Vikas Nigam Ltd. share prices for overnight news flow.

The NSE Nifty 50 and BSE Sensex ended in the green on Tuesday even as many traders remained on the sidelines awaiting clarity on US and India trade deal. Kotak Mahindra Bank and HDFC Bank Ltd. were top contributors to the NSE Nifty 50 index.

The Nifty 50 ended 61.20 points or 0.24% higher at 25,522.50, and the BSE Sensex ended 270.01 points or 0.32% higher at 83,712.51.

. Read more on Markets by NDTV Profit.Catch live updates on Indian stock markets here on July 9.  Read MoreMarkets, Notifications 

​NDTV Profit