Market Closing Bell: Sagility India, RITES among top gainers as Nifty slips below 25,500 and Sensex settles at 83,409

Nifty 50 ended the day at 25,453.40, down by 88.40 points or 0.35%. Bank Nifty settled at 56,999.20, dropping 460.30 points or 0.80%. Meanwhile, the Sensex closed at 83,409.69, recording a decline of 287.60 points or 0.34%.

Global events/updates

• US President Donald Trump announced on Truth Social that Israel has accepted the “necessary conditions” for a proposed 60-day ceasefire in Gaza. He stated that during this period, the United States would collaborate with all parties to bring the conflict to an end, though he did not elaborate on the specifics of the ceasefire agreement.

• Trump says he won’t extend the July 9th trade deadline.

• INDIA-US TRADE DEAL: India has pitched for social security agreement as part of US trade deal, depends on US to accept it or not.

• The government has permitted surge pricing up to 2 times the base fare for cab aggregators (like Uber and Ola). Decision as per the Motor Vehicles Aggregator Guidelines (MVAG) 2025 issued by the Road Transport Ministry. This is a significant change from the previous cap of 1.5 times the base fare.

Stock news

• MAX HEALTHCARE AND INDIGO IN FOCUS – High probability of getting included in Nifty 50 in September 2025 rejig as per Nuvama Alternative and Hero Moto and IndusInd Bank will get excluded from Nifty 50

• Innovators Facade: Company wins order worth 61 crore rupees from L&T to be completed within 1 year.

• Sai Silks: Company achieved a turnover of about Rs. 379.02 crores during Q1 FY 2025-26, against Rs. 267.29 in Q1 FY 2024-25, a growth of approximately 42%.

• Virtual Galaxy: Company wins order worth Rs 20 crore rupees for the period of 7 years.

• KORE DIGITAL: Company says Q1 FY26 sales of Rs 156 crore is achieved

• ITI: Company wins orders worth Rs. 88 crores in Odisha and Chhattisgarh.

• NBCC: Secures ₹354.88 Crore Project for Gorewada Zoo Development in Nagpur.

• Dabur: Govt to reduce GST to 5% from 12% on toothpaste and other middle class products.

Top gainer/Top loser (Nifty 500)

Conclusion

Markets witnessed a negative close amid broad-based selling pressure, with banking stocks leading the decline. Overall investor sentiment remained cautious.

Written by Manideep Appana

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