Sensex, Nifty flat; PC Jeweller zooms 15%, Jaiprakash Power up 14%

Indian equities were trading lower assessing US Treasury Secretary Scott Bessent’s comments that tariffs will be enforced starting August 1 for countries that haven’t finalised an agreement with the Trump administration.

The BSE Sensex quoted 83,347, down 86 points or 0.10 per cent, while the Nifty50 was 25,439, dropping by 20 points or 0.08 per cent.

Bharat Electronics, Tech M, Eternal, HCL Tech, ICICI Bank, Sun Pharma, Adani Ports, and SBI were the top losers, down up to 2 per cent. On the flipside, Trent, HUL, Asian Paints, Bajaj Finserv, Reliance Industries, HDFC Bank, and Bharti Airtel were the top gainers, rising up to 1 per cent.

In the broader markets, the BSE MidCap index was flat, while BSE SmallCap index was down 0.16 per cent.

Among sectors, the Nifty Metal, and the Nifty IT indices were in the red, lower by 0.51 per cent and 0.42 per cent, respectively. On the higher side, the Nifty FMCG index was trading with gains of 1.1 per cent.

IPO Updates

In the IPO market, initial public offering of Travel Food Services will open for subscription today in the mainboard segment. Besides, the basis of allotment for Crizac IPO will be finalised today.

In the SME segment, Vandan Foods shares, Cedaar Textiles shares, Pushpa Jewellers shares, and Silky Overseas shares are expected to list on the bourses today. Among active IPOs, Happy Square Outsourcing IPO, and Cryogenic OGS IPO will close for subscription; Meta Infotech IPO will enter second day of subscription; and Smarten Power Systems IPO, and Chemkart India IPO will open for subscription.