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

At pre-open, the NSE Nifty 50 was trading 0.24% down at 24,782.45, and the BSE Sensex was trading 0.22% down at 81,286.58.

Yield On The 10-Year Bond Opens Flat

  • The 10-year bond yield opened flat at 6.35%

Source: Cogencis

Rupee Opens Stronger Against US Dollar

  • Rupee opened 4 paise stronger at 86.47 against US Dollar

  • It closed at 86.51 a dollar on Friday

Source: Cogencis

NSDL IPO Opens On July 30: Latest GMP Indicates 17% Premium, Check Price Band And Other Key Details

National Securities Depository Ltd. (NSDL) is set to launch its initial public offering (IPO) next week. NSDL is the first and largest securities depository in India. It was established in August 1996. 

Ahead of the opening of the much-anticipated IPO, the grey market premium (GMP) for the mainboard issue indicated a listing gain of almost 17% over the issue price.

IPOs: GNG Electronics To List On Exchanges Today; GMP Shows Over 39% Listing Gains

The initial public offering (IPO) of GNG Electronics Ltd. saw strong investor interest on its final day of subscription on July 25. The mainboard IPO was overall subscribed 147.93 times on Friday, as per the NSE data.

The Rs 460.43-crore IPO received applications for more than 209.89 crore shares against nearly 1.42 crore shares available for bidding.

TCS Layoffs — Investec Says ‘No Worries’, But Citi Disagrees

Tata Consultancy Services has decided to cut 2% of its workforce, impacting over 12,000 employees. Two leading brokerages, Investec and Citi, agree on one thing: this move is not about artificial intelligence replacing jobs but a reset to align with evolving business needs.

The layoffs, focused on middle and senior management, are part of TCS’s broader “Project Fluidity” initiative aimed at enhancing agility and preparing for AI-led transformation. The company has clarified that the decision stems from skill mismatches and ineffective redeployment, not cost-cutting or automation.

Oil Prices Rise On Optimism Over International Trade 

Oil prices advanced on optimism after the European Union and the US reached a deal. Moreover, market participants now await US and China trade talks, scheduled for later today.

The brent crude was trading 0.30% higher at $67.86 a barrel as of 7:53 a.m.

Asia Market Update: Mixed As Traders Focus On US–China Talks 

Markets in Asia-Pacific region were trading on a mixed note as market participants await more details on the US and China trade talks. The Nikkei 225 was trading 0.77% down, while the Hang Seng advanced 0.55% higher.

US Market Update: Dow Jones And S&P 500 Futures Rise As EU Reaches A Deal With US 

The Dow Jones Industrial Average and S&P 500 futures advanced in Asia session on optimism after European Union reached a deal with the US. The tariff on the bloc has come down to 15%.

The Dow Jones Industrial Average and S&P 500 futures were trading 0.33% and 0.40% higher, respectively as of 7:51 a.m.

GIFT Nifty Implies Positive Open; Kotak Bank, SAIL, Tata Chemical In Focus

The GIFT Nifty was trading 0.07% or 17 points higher at 24,832.00 as of 6:53 a.m., which implied a higher open for the benchmarks.

Traders will likely keep an eye on SBI Cards And Payment Services Ltd., Steel Authority of India, Kotak Mahindra Bank Ltd., Tata Chemicals Ltd. as these companies released their first-quarter earnings over the weekend.

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