Get App
Weekly Market Review
During the week, BSE Sensex fell 350.77 points or 0.43 percent to end at 80,981.95, while the Nifty50 index lost 117.15 points or 0.47 percent to close at 24,717.70.
On July 26, the Nifty50 index touched a fresh record high of 25,078.30 while BSE Sensex hit a new high of 82,129.49, on August 1.
In terms of market value, Tata Consultancy Services lost the most, followed by Infosys, Mahindra & Mahindra, and ITC. On the other hand, HDFC Bank, NTPC, and Asian Paints added the most of their market cap.
Among sectors, Nifty IT and Realty are down 3 percent each, the Nifty Auto index shed 2 percent, the Nifty FMCG index fell 1.6 percent, and the Nifty PSU Bank and Metal indices are down 1 percent each. However, the Nifty Energy index added 2.5 percent, and Nifty Pharma and Media rose 1 percent each.
Broader indices outperformed with the BSE Smallcap index rising 0.6 percent, the BSE Largecap index falling 0.27, and while BSE Midcap index ending on a flat note.
Foreign institutional investors (FIIs)extended their selling this week as they sold equities worth Rs 12,756.26 crore, however, Domestic Institutional Investors (DII) compensated as they bought equities worth Rs 17,226.06 crore.
This week, the Indian rupee fell to a record low but ended flat against the US dollar at its close at 83.74 on August 2 against its July 26 closing of 83.72.
STOCKS IN NEWS
JK Tyre: The company has reported a net profit of ₹211.44 crore in Q1FY25, up 37.3 percent year-on-year from ₹153.87 crore reported in the same period last year. Revenue has been reported 2.1 percent down year-on-year (YoY) at ₹3,639 in Q1FY25 crore compared to ₹3,718 crore in Q1FY24.
NTPC: India’s largest power generator NTPC Ltd expects to begin construction of a nuclear power plant in Rajasthan by March along with its joint venture partner Nuclear Power Corporation of India Ltd, spending about ₹50,400 crore. The project is part of NTPC’s ambitious target to set up 10 GW of nuclear power capacity over 10 years, investing ₹1.5 trillion.
Britannia: Britannia Industries Limited announced a 10.51 percent rise in net profits at ₹505.64 crores for the April to June quarter of the financial year 2024-25. The company recorded a 4 percent increase in its sales figures at ₹4,129.92 in the first quarter of FY 2025.
Titan: Titan Company announced Q1FY25 results, reporting a marginal drop of around one percent in standalone net profit at ₹770 crore, compared to ₹770 crore in the corresponding period last year. Revenue from operations in the first quarter of the current fiscal rose nearly nine percent to ₹11,263 crore, compared to ₹10,306 crore in the year-ago period.
Dabur India: The company reported a consolidated revenue of ₹3,349.11 crore for the June quarter, marking a 7 percent year-on-year increase from ₹3,130 crore. The company also recorded a net profit of ₹500.12 crore, up by 7.8 percent year-on-year.