Stock Market Highlights: Sensex rises, Nifty gains; PNB, Zomato, Ircon in Focus – HeadlineFly.com

The Indian stock market witnessed a positive trend on July 5, with the benchmark indices ending marginally higher in a volatile session. The top gainers on the Nifty included HCL Technologies, ICICI Bank, Sun Pharma, Infosys, and Tata Motors, while HDFC Bank, Bajaj Finance, Wipro, Tech Mahindra, and Adani Enterprises were the top losers.

The Buzzing Stocks page on Moneycontrol provided insights into the latest economic, business, and corporate news for the day, especially focusing on companies such as PNB, Zomato, Ircon, Ujjivan SFB, Delhivery, and UCO Bank.

Kotak Institutional Equities cited unfavourable risk reward for Titan amid external headwinds and high expectations as the reason behind the downgrade. RBL Bank reported a surge in total deposits by 18 percent YoY to Rs 1 lakh crore in the Q1FY25 update.

Raymond announced the demerger of Raymond Realty, where shareholders will receive one share of Raymond Realty for each share held. Meanwhile, Angel One’s shares were subdued for the last four sessions following the market regulator’s circular revising intermediary charge mechanism.

Elara Capital initiated coverage on Gabriel India with a buy rating and set a target price 30 percent higher. Additionally, the Indian benchmark indices ended the day higher, with Nifty 50 opening lower at 24,213. Overall, the day saw positive movements in key sectors and specific stocks like Kalyan Jewellers India, Mahindra Lifespace Developers, and more, highlighting growth and developments in the market. Stay tuned for more updates on HeadlineFly.com