Mutual Funds Sahi Hai!
To avail the service, you will be redirected to loans.geojitcredits.com
PSU Bank shares witnessed selling pressure for the fourth consecutive trading session.
At 12:26 IST, the barometer index, the S&P BSE Sensex declined 270.06 points or 0.32% to 83,264.02. The Nifty 50 index fell 87.60 points or 0.33% to 25,390.20.
In the broader market, the S&P BSE Mid-Cap index shed 0.39% and the S&P BSE Small-Cap index declined 0.06%.
The market breadth was negative. On the BSE, 1,782 shares rose and 2,036 shares fell. A total of 195 shares were unchanged.
Derivatives:
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, was flat at 11.94. The Nifty 31 July 2025 futures were trading at 25,461.90 at a premium of 71.7 points as compared with the spot at 25,390.20.
The Nifty option chain for the 31 July 2025 expiry showed a maximum call OI of 57.2 lakh contracts at the 26,000 strike price. Maximum put OI of 73.6 lakh contracts was seen at 25,000 strike price.
Buzzing Index:
The Nifty PSU Bank index declined 0.78% to 7,037.15. The index dropped 1.62% in the four consecutive trading sessions.
Canara Bank (down 1.32%), Bank of India (down 1.25%), Indian Bank (down 1.24%), Punjab & Sind Bank (down 1.06%), Punjab National Bank (down 0.86%), Central Bank of India (down 0.76%), Bank of Maharashtra (down 0.72%), Bank of Baroda (down 0.62%), Indian Overseas Bank (down 0.38%) and Union Bank of India (down 0.35%) declined.
Stocks in Spotlight:
ACC rose 0.16%. The company announced the commissioning of a 1.5 million tonne per annum (MTPA) brownfield grinding unit at its Sindri plant in Jharkhand.
Enviro Infra Engineers rose 2.76% after the firm, as the lead partner in a joint venture with AltoraPro Infrastructure, secured a Rs 395.50 crore pollution control project from the Maharashtra Industrial Development Corporation (MIDC).
ACC is a part of Adani Cement and one of India's leading producers of cement and ready-mix concrete. ACC has 20 cement manufacturing sites, over 100 concrete plants and a nationwide network of channel partners to serve its customers.
The cement maker’s consolidated net profit fell 20.38% to Rs 751.03 crore in Q4 in FY25 as against Rs 943.34 crore posted in Q4 FY24. However, revenue from operations jumped 12.16% to Rs 6,066.52 crore in the quarter ended 31 March 2025.
The scrip rose 0.10% to Rs 1,992.65 on the BSE.