Markets end lower; HDFC Bank, foreign fund outflows drag

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....arkets end lower; HDFC Bank, foreign fund outflows drag<BR>PTI News<BR>Dated:- 2-7-2025<BR>PTI<BR>Mumbai, Jul 2 (PTI) Benchmark indices Sensex and Nifty pared early gains to end lower on Wednesday, dragged down by selling pressure in HDFC Bank, L&T and Reliance Industries shares ahead of the impending US tariff deadline. Flight of foreign capital from markets and a mixed trend in global equities ....

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....impacted sentiments, traders said. After the initial euphoria, the BSE Sensex later lost momentum and ended 287.60 points or 0.34 per cent lower at 83,409.69. During the day, it dropped 546.52 points or 0.65 per cent to 83,150.77. The 50-share NSE Nifty declined by 88.40 points or 0.35 per cent to settle at 25,453.40. From the Sensex pack, Bajaj Finserv, Larsen & Toubro, Bajaj Finance, HDFC Ban....

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....k, Bharat Electronics and Kotak Mahindra Bank were among the major laggards. However, Tata Steel, Asian Paints, UltraTech Cement, and Trent were the biggest gainers. "Mixed global cues, particularly ahead of the impending tariff deadline, are driving investor caution. Market attention is gradually shifting to crucial Q1 earnings, which have high expectations. "Underlying trends such as robust m....

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....acroeconomic fundamentals and increased government expenditure continue to support market resilience. However, being at the breach level of the recent rally, a cautiousness is expected to continue in the near term," Vinod Nair, Head of Research, Geojit Investments Limited, said. India's manufacturing sector growth rose to a 14-month high of 58.4 in June, marked by improved trends in output and ne....

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....w orders, alongside a record upturn in employment, a monthly survey said on Tuesday. The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index – an indicator of sector performance - was 57.6 in May. Gross GST collection increased by 6.2 per cent to over Rs 1.84 lakh crore in June but slipped below the Rs 2 lakh crore mark recorded in the previous two months. The GST mop-up ....

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....stood at Rs 1.74 lakh crore a year ago, as per government data released on Tuesday. In Asian markets, South Korea's Kospi, Japan's Nikkei 225 index and Shanghai's SSE Composite index settled lower while Hong Kong's Hang Seng index ended higher. European markets were trading in positive territory in mid-session deals. The US markets ended on a mixed note on Tuesday. Global oil benchmark Brent c....

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....rude climbed 0.86 per cent to USD 67.69 a barrel. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 1,970.14 crore on Tuesday, according to exchange data. On Tuesday, the Sensex rose by 90.83 points or 0.11 per cent to settle at 83,697.29. The Nifty gained 24.75 points or 0.10 per cent to close at 25,541.80. PTI SUM SUM BAL BAL<BR> News - Press release - PIB....