Sensex, Nifty trade with minor gains; banking share rises

The domestic equity benchmarks traded with moderate gains in the mid- afternoon trade. The Nifty hovered above the 25,000 level. Bank stocks rebounded after slipping in the last two trading session.

At 14:30 IST, the barometer index, the S&P BSE Sensex, advanced 263.55 points or 0.32% to 82,023.28. The Nifty 50 index added 66.15 points or 0.27% to 25,034.90.

In the broader market The S&P BSE Mid-Cap index rallied 0.41% and the S&P BSE Small-Cap index shed 0.09%.

The market breadth was negative. On the BSE, 1,849 shares rose and 2,206 shares fell. A total of 198 shares were unchanged.

Economy:

India's forex reserves fell $3.04 billion to $699.74 billion for the week ending July 4, data by the Reserve Bank of India showed on Friday.

For the week ending on July 4, foreign currency assets, a major component of the reserves, decreased $3.53 billion to $591.29 billion.

Gold reserves were up by $342 million to stand at $84.5 billion during the week, the RBI said.

The special drawing rights (SDR) were up $39 million to $18.86 billion.

As per the data, India's reserve position with the IMF was also down $107 million at $4.73 billion in the reporting week.

Buzzing Index:

The Nifty Bank index rose 0.94% to 56,811.60. The index fell 0.62% in the previous two trading session.

ICICI Bank (up 2.43%), HDFC Bank (up 1.84%), IDFC First Bank (up 1.3%), Kotak Mahindra Bank (up 0.77%) and State Bank of India (up 0.24%) Federal Bank (up 0.24%) added.

On the other hand, AU Small Finance Bank (down 5.52%), IndusInd Bank (down 1.9%) and Canara Bank (down 1.9%) edged lower.

Numbers to Track:

The yield on India's 10-year benchmark federal paper shed 0.06% to 6.301 from the previous close of 6.305.

In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 86.2400 compared with its close of 86.1650 during the previous trading session.

MCX Gold futures for 5 August 2025 settlement rose 0.41% to Rs 98,430.

The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.26% to 98.20.

The United States 10-year bond yield declined 1.08% to 4.381.

Stocks in Spotlight:

Aarti Drugs jumped 4.89% after the company's consolidated net profit climbed 62.2% to Rs 53.91 crore on 6.3% increase in revenue from operations to Rs 590.51 crore posted in Q1 FY26 compared with Q1 FY25.

GPT Infraprojects zoomed 9.15% after the company announced that it has bagged a construction contract worth Rs 351 crore from Agra Gwalior Highway.

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