Nifty 50 traded at 24,698.65 while Sensex gained 13 points at the time of writing, showing mild optimism despite mixed sectoral trends.
Puravankara shares surged 14.29%, topping gainers, while IndusInd Bank dropped nearly 1% among banking laggards.
FIIs sold ₹6,082 crore worth of equities, but DIIs offset this with ₹6,764 crore in purchases, supporting market stability.
The Indian equity markets are displaying a mixed performance as of July 29, 2025, at press time. The benchmark Nifty 50 index traded marginally higher at 24,698.65, gaining 17.75 points or 0.07% from the previous close. The broader BSE Sensex showed minimal movement, edging up by 12.90 points to settle at 80,903.92.
Banking stocks faced pressure as the Nifty Bank index declined by 75 points to trade at 56,009.90, down 0.13% for the session. The technology sector also struggled, with the Nifty IT index falling 177.15 points to 35,192.90, marking a 0.50% decline amid continued concerns over layoffs. However, smaller companies showed better performance, with the BSE Smallcap index rising 123.44 points to 53,325.81, gaining 0.23% as investors sought value in mid and small-cap segments.
According to Moneycontrol’s list of top gainers on Nifty 50, Jio Financial Services emerged as the session's top performer, surging 3.33% to ₹317.60. JSW Steel gained significant ground with a 1.45% rise to ₹1,043.70. At the same time, Bharti Airtel climbed 1.15% to ₹1,912.00. Larsen & Toubro also advanced 0.98% to ₹3,455.90 as Hero MotoCorp rounded out the top gainers with a 0.91% increase to ₹4,330.20
Moneycontrol data on top losers on the Nifty 50 shows that Eternal led with a 1.32% fall to ₹303.25. Axis Bank dropped 1.24% to ₹1,060.30 as Tata Consultancy Services declined 1.08% to ₹3,046.10. At the same time, SBI Life Insurance fell 0.89% to ₹1,834.10 while IndusInd Bank slipped 0.88% to ₹795.
The ongoing quarterly results season continued to drive individual stock movements. Apar Industries emerged as a standout performer, with shares spiking nearly 6% following the announcement of its Q1 results.
Strides Pharma reported mixed quarterly numbers, with revenue growing 6.2% year-on-year to ₹1,119.7 crore, though profit before tax declined from ₹180 crore to ₹122 crore. The company's EBITDA improved 9.7% to ₹78 crore, with margins expanding to 7% from 6.75% in the previous year.
Several other companies, including Asian Paints, L&T, Amber Enterprises, and Bank of India, are scheduled to announce their quarterly results on July 29, 2025.
Also Read: IndusInd Bank Share Price Falls to Rs. 800.70 After Q1 Profit Drops 68%
Puravankara stock witnessed exceptional performance, surging 14.29% to ₹300.80 on heavy trading volumes. The real estate developer's market capitalization reached approximately ₹7,133.46 crore, with over 8.7 lakh shares changing hands.
Punjab Chemicals & Crop Protection shares also saw significant buying interest, jumping 12.98% to ₹1,528.40. The company's market cap stood at ₹1,874.15 crore, with trading volumes reaching 13.15 lakh shares.
Here are the major corporate developments impacting the stock market today:
IPO Activity: Laxmi India Finance, a non-banking financial company, opened its initial public offering for subscription today. The company aims to raise ₹254.26 crore through the three-day IPO, which will close on July 31.
Strategic Partnerships: Tata Elxsi announced a collaboration with KAVIA AI Forge to provide enterprises with AI-driven software development lifecycle automation using generative artificial intelligence technology.
Management Commentary: Arvind SmartSpaces MD Kamal Singal on CNBC-TV18 expressed confidence about the company's growth trajectory. He stated that the company remains on track to achieve a 35-40% growth rate. He also highlighted progress in the weekend homes business and serious consideration of the society redevelopment segment.
Foreign Institutional Investors (FIIs) continued their selling streak, offloading ₹6,082.47 crore worth of securities on July 28. In contrast, Domestic Institutional Investors (DIIs) provided support by purchasing ₹6,764.55 crore worth of stocks, helping to cushion the market impact.
Also Read: Stock Market Today: Nifty Falls Below 24,800 as Kotak Bank and SBI Cards Lead Decline
Nifty's ability to hold close to Rs. 24,700 provides some comfort to bulls, though the June 13 low of 24,473 remains a critical support level to watch. The index's current positioning suggests cautious optimism among market participants. Market volatility is expected to persist in the near term, as earnings season is in full swing. Upcoming global factors like forthcoming US Federal Reserve decisions and economic data releases may also impact investor sentiment.
Top 10 Quantum Computing Stocks to Buy
IndusInd Bank Share Price Falls to Rs. 800.70 After Q1 Profit Drops 68%
1. What is the Nifty 50 trading price today?
The Nifty 50 traded at 24,698.65 today at press time. The index remained flat with a marginal gain of 0.07%, reflecting a cautious market amid mixed earnings reports. Traders watched banking and IT stocks closely, as some volatility was noted in those sectors.
2. Which stock gained the most today in the Indian market?
Puravankara was the top gainer today, jumping 14.29% to close at ₹300.80. The surge was driven by high trading volumes and investor interest in the realty segment. The stock also recorded a market cap of ₹8,303 crore.
3. Why did IndusInd Bank stock fall today?
IndusInd Bank shares declined by 0.88% to ₹795.65 due to profit booking and weak sentiment in banking stocks. The Nifty Bank index itself slipped over 75 points as investors remained cautious on rate-sensitive sectors.
4. Are foreign investors selling Indian stocks now?
Yes, FIIs sold ₹6,082 crore worth of Indian equities today, continuing a recent trend of outflows. However, DIIs stepped in with ₹6,764 crore in purchases, providing much-needed support and helping indices avoid sharper declines.
5. Is it a good time to invest in midcap or real estate stocks?
Midcap and real estate stocks like Apar Industries and Puravankara performed well today, suggesting positive investor sentiment in these segments. However, short-term market trends can shift quickly, so investors should evaluate fundamentals and not just daily performance before investing.