NDTV Profit Exclusive: US-India Mini Deal May Offer Only Limited Tariff Cuts

  • Mini trade deal likely to exclude sector-specific tariff cuts

  • No relief expected on auto, auto components, steel, aluminium duties

  • Focus narrowed to reciprocal tariff reductions or removals

  • India warns doubling US trade impossible without broader tariff cuts

  • Calls for both nations to prioritize lowering overall tariff barriers

Source: People In The Know

Stock Market Today: Apollo Hospitals Concall Highlights

  • Listing of new co expected in 18-21 months

  • Healthcare services to remail in Apollo Health Co. Ltd.

  • Listing of new co expected in 18-21 months

  • Healthcare services to remail in Apollo Health Co. Ltd.

  • New co to have Revenue of Rs 25,000 crore by FY27

  • Ebitda margin to improve from 3.5% to 7%

Stock Market Live: Coal India Total Production Falls 8.5% In June (YoY)

  • Total production in June fell 8.5% to 57.8 metric tonne

  • Total offtake in June fell 7.4% to 60.4 metric tonne

Stock Market Today: India Manufacturing PMI Rose To 14-Month High Of 58.4 In June

The manufacturing sector experienced a strong end to the first fiscal quarter, marked by improved trends in output and new orders, alongside a record upturn in employment.

The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index – a single-figure indicator of sector performance – rose to a 14-month high of 58.4 in June, up from 57.6 in May.

Read the full article here.

Stock Market Today: Business Update Steel Strip Wheels (YoY) 

  • June Total Exports Volume fell 25%

  • June Total Sales Volume fell 12%

  • June Passenger Car Sales Volume fell 18%

  • June Tractor Sales Volume fell 4%

  • June Net Turnover fell 2.1% At Rs 351 crore

  • June Commercial Vehicle Sales fell 22%

  • June Commercial Vehicle Sales Impacted By Non-Availability Of AC Cabins

  • June Exports Declined As Customers Deferred Shipments Awaiting Clarity On US Tariffs

  • Passenger Vehicles & 2/3-Wheeler EVs Saw De-Growth In June Due To Rare Earth Material Supply Concerns

  • June 2/3-Wheeler Sales Volume fell 24%

  • Q1 Sales Value advanced 14.2%

Stock Market Today: Nifty And Sensex Trades At Low

The NSE Nifty 50 and BSE Sensex were trading at day’s low. The NSE Nifty 50 was 0.01% down, while the BSE Sensex was 0.02% higher as of 12:00 p.m.

Stock Market Today: Radhakishan Damani Portfolio: NSE IPO To Add Jewel In Dmart Founder’s Crown

The National Stock Exchange (NSE) has emerged as the second most valuable company in the portfolio of ace investor Radhakishan Damani, founder of the retail giant DMart. Over the past few years, Damani has steadily increased his stake in India’s largest stock exchange.

Read the full article here.

Stock Market Live Update: Rategain Travel Signs Startegic Partnership With Cloudbeds 

RateGain Travel Technologioes has signed a strategic partnership with Cloudbeds to redefine distribution strategies using AI, according to an exchange filing.

Gabriel India Conference Call Key Highlights 

  • FY30 Revenue target of 50,000 crores for the Group versus Rs. 20,000 crores now

  • Partnered with Inalfa for Sunroof

  • Gabriel will be the growth engine going forward

  • Consolidating the structure of Anand Group

  • As a family far more aggressive outlook in India – use of Gabriel of growth going forward

Stock Market Live Update: Sigachi Industries Share Price Extends Loss After Reactor Blast

Sigachi Industries Ltd.’s shares declined 5% during trade on Tuesday after a reactor blast incident in their Telangana plant. The blast and fire at the unit claimed the lives of at least 12 people and left 35 injured.

Stock Market Live Update: Ashoka Buildcon To Complete Stake Sale In Arm On Sept 30

Ashoka Buildcon has extended the indicative date for the completion of its stake sale in the arms of Ashoka Concessions up to September 30, according to an exchange filing.

Stock Market Live Update: Raymond Stock Extends Gains To Third Session 

Raymond stock surges for third session, jumps nearly 9% after demerged realty arm lists.

Stock Market Live Update: Keystone Realtors Gets Project Worth Rs 4,521 Crore

Keystone Realtors has received a Letter of Acceptance for a redevelopment project in collaboration with the Maharashtra Housing and Area Development Authority (MHADA). This Mumbai redevelopment project is expected to have a Gross Development Value of Rs 4,521 crore.

NDTV Profit Exclusive: SBI Margin To Improve Only Post September, Says Chairman

State Bank of India’s net interest margin will compress as it plans to pass on the repo rate cut by the central bank to millions of borrowers, Chairman CS Setty said. He added that an improvement is only expected post September.

“The margin trajectory, in my view, should be a U-shaped curve. In a couple of quarters, we see margins getting compressed,” Setty told NDTV Profit in an exclusive conversation. “The front-loading of the repo rate cut has accelerated the re-pricing of some of the retail portfolio.”

Read the full interaction here.

Stock Market Live Update: NCC Share Price Gains After Wining Orders Worth Rs 1,690 Crore In June

Shares of NCC Ltd. rose over 2% on Tuesday after the company received orders worth Rs 1,690.51 crore in June.

Shares of NCC rose as much as 2.79% to Rs 236.89 apiece. They were trading 0.43% lower at Rs 229.48 apiece, as of 9:51 a.m.

Stock Market Live Update: Ireda Share Price Rises Over 2%

Shares of Indian Renewable Energy Development Agency Ltd. rose over 2% on Tuesday after the company’s outstanding loan book surged 27% at Rs 79,960 crore, the company said in its business updates for first quarter of the financial year ending March 2025-26.

Stock Market Today: NESCO Share Price Hits Record High After Approving Rs 3,500 Crore Capex

NESCO share price advanced 4.60% to a record high of Rs 1,218.2 apiece. The share price was trading 2.21% higher at Rs 1,192.70 apiece.

The share price advanced as the company approved Rs 3,500 crore capital expenditure over six years for development of Tower 2 in Mumbai IT Park

Stock Market Live: BEL Share Price Hits Record High

Bharat Electronics Ltd. share price advanced 3.06% to a record high of Rs 432.35. The share price advanced as the company received an additional order worth Rs 528 crore.

Stock Market Live Update: Apollo Hospitals Rises To Fresh High 

Apollo Hospitals Enterprise Ltd. share price rose 4.73% to a record high of Rs 7,569.50 apiece. The share price rose as the management announced its plan to merge two demerged unit into one arm Apollo Healthtech, which is set to list on the NSE and the BSE.

Sectoral Indices Open: Nifty Defence Outperforms Benchmark Indices 

On National Stock Exchange Ltd., eight sectoral indices advanced, four declined, and two remained flat out of 12. The NSE Nifty Defence advanced the most while the NSE Nifty PSU Bank declined the most.

Nifty Contributors: HDFC Bank, Apollo Hospitals Support Gains 

HDFC Bank Ltd., Apollo Hospitals Enterprise Ltd., Bharat Electronics Ltd., Reliance Industries Ltd., and Asian Paints Ltd. added to the Nifty 50 index.

ICICI Bank Ltd., Axis Bank Ltd., Trent Ltd., Tata Steel Ltd., and Titan Co. Ltd. weighed on the Nifty 50 index.

Stock Market Today: Nifty, Sensex Rebound

The NSE Nifty 50 and BSE Sensex rebounded from losses from Monday’s session as HDFC Bank Ltd. and Apollo Hospital Enterprise Ltd. advanced. The indices were trading 0.16% and 0.17% higher, respectively as of 9:21 a.m.

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

At pre-open, the NSE Nifty 50 was trading 0.12% higher at 25,551.35, and the BSE Sensex was trading 0.09% higher at 83,685.66.

Yield On The 10-Year Bond Opens Lower

  • The 10-year bond yield opened 2 basis points lower at 6.30%

  • It closed at 6.32% on Monday

Source: Cogencis

Rupee Opens Stronger Against US Dollar

  • Rupee opened 15 paise stronger against US Dollar at 85.61

  • It closed at 85.76 a dollar on Monday.

Source: Cogencis

Stock Market Live Update: NESCO Board Approves Rs 3,500 Crore Capex 

NESCO board approved Rs 3,500 crore capex over six years for development of Tower 2 in Mumbai IT Park, the company said in the exchange filing.

Stock Market Live Update: Apollo Hospital Enterprise Approves Separate Listing Of Its Omni-Channel Pharmacy

  • Apollo Hospital Enterprise has approved separate listing of its omni-channel pharmacy and digital health businesses

  • The company is to spin off digital health, pharmacy distribution, and telehealth.

  • These businesses will form a new entity, NewCo.

  • The goal is to unlock value through direct listing.

  • Transaction to be done within 18–21 months

Gold Price Rises For Second Day

Gold prices advanced for a second day in a row Tuesday amid focus on US trade tariffs as deadline looms closer.

Gold future was trading 0.40% higher at $3,316.38 an ounce as of 7:51 a.m.

Oil Prices Continue To Slide On Improved Supply Outlook 

Oil prices in the international markets decline for second session in a row as supply is expected to increase. Organization of Petroleum Exporting Countries and allies will likely deliver a fourth-major output increase in the upcoming meeting on weekend, according to Bloomberg Survey.

Brent crude’s oil future was trading 1.79% down at $66.40 a barrel as of 7:39 a.m.

Asia Market Update: Mixed As Traders Focus On US Tariff Outlook

Asia-Pacific markets were trading on a mixed note Tuesday as traders assessed what the US will do about the tariffs once the deadline expires on July 9.

US Treasury Secretary Scott Bessent said that some of countries are negotiating with good faith. However, tariffs could roll back to the levels announced on April 2.

The Nikkei 225 was trading 1% down on concern over tariffs as the US President Donald Trump threatened to levy more tariffs on Japan.

The S&P ASX 200 and KOSPI were trading 0.17% and 1.67% higher, respectively as of 7:29 a.m.

US Market Update: S&P 500 And Nasdaq 100 Futures Trade Flat 

US futures were trading on a muted note early morning Tuesday as market participants focus on trade tariffs. On Monday, the S&P 500 and Nasdaq Composite notched a fresh high.

On Monday, S&P 500 ended 0.52% higher at 6,204.95, and the Nasdaq Composite ended 0.47% higher at 20,369.73. The Dow Jones Industrial Average ended 0.63% higher at 44,094.77.

GIFT Nifty Implies Positive Open; L&T, Wipro & Federal Bank Shares In Focus

The GIFT Nifty was trading 0.08% or 20.50 points higher at 25,652.50 as of 6:41 a.m., which implied a higher start for the NSE Nifty 50 index.

Traders will monitor Larsen & Toubro Ltd., Federal Bank Ltd., and Wipro India Ltd. share prices because of the business-related news flow.

Indian benchmark equity indices closed with losses on Monday, led by share prices of Tata Consumer Ltd. and Axis Bank Ltd.

The NSE Nifty 50 ended 120.75 points, or 0.47% lower at 25,517.05, while the BSE Sensex closed 452.44 points, or 0.54% down at 83,606.46.

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