Kaynes Tech arm to invest ₹4,995 Cr in TN under MoU

BENGALURU, India - Aug. 5, 2025 - PRLog -- Global Market View

Dow 30, +1.34%; S&P 500, +1.47%; Nasdaq Composite, +1.95%; Kospi, +1.15%

The stock markets in USA, Singapore, Canada, Hong Kong, Singapore, Japan, UK, Taiwan, Thailand, Germany, South Korea and Indonesia are in a Confirmed Uptrend, indicating sustained positive momentum. Meanwhile China and Brazil is in a Rally Attempt, signalling early signs of a potential recovery that require confirmation. Malaysia and India is experiencing an Uptrend Under Pressure, suggesting potential weakness that could lead to a shift in market direction. Mexico is in a Downtrend, reflecting continued market weakness and caution among investors.

Yesterday's Market Action

Nifty, +0.66%; Sensex, +0.52%; Nifty Midcap 100, +1.40%; Nifty Smallcap 100, +1.27%; Model Portfolio, +0.69%

India's benchmark index Nifty 50 closed up 0.64% on a volume 1.52% lower than yesterday. The session opened at 24,596.05 and traded between 24,554.00 and 24,736.25, eventually settling at 24,722.75. With a gap up of 0.12%, the index showed early strength, while the intraday move indicated a volatile trading session. The index remains -6.25% below its 52-week high, while it trades -1.32% below its 21-day SMA and -1.28% below its 50-day SMA. Market breadth was slightly negative, with 43 advancing stocks versus 7 declining stocks.

Top gainers in the Nifty 50 were Hero Motocorp (+5.18%), Tata Steel (+4.08%), Adani Ports and Special Economic Zone (+3.56%), Bharat Electronics (+3.37%), and Jsw Steel (+2.86%). The top losers included Icici Bank (-0.58%), Apollo Hosps.Enterprise (-0.58%), Oil & Natural Gas (-0.70%), Hdfc Bank (-0.88%), and Power Grid Corp.Of India (-1.12%).

Among sectoral indices, top performers were Nifty Metal (+2.48%), Nifty Realty (+1.77%), Nifty Auto (+1.61%), Nifty IT (+1.60%), and Nifty Media (+1.51%). The worst-performing sectors included Nifty FMCG (-0.10%) and Nifty Financial Services (-0.06%), while others like Nifty Private Bank (+0.13%), Nifty Financial Services 25/50 (+0.44%), and Nifty Pharma (+0.65%) saw modest gains.

Key News & Earnings Updates (https://marketsmithindia.com/mstool/marketoutlook.jsp#/po...)

Kaynes Technology India (https://marketsmithindia.com/mstool/eval/kaynes/evaluatio...) subsidiary signs MoU with Tamil Nadu Govt to invest ₹4,995 crore over six years for setting up manufacturing units.

Tata Motors appoints P B Balaji as Jaguar Land Rover CEO, effective November 17.

Antfin to sell its 5.84% stake in One 97 Communications for ₹3,800 crore via block deal at ₹1,020 per share.

Beml secures ₹282 crore order from Defence Ministry for HMV 8x8 supply; also signs non-binding MoU with TuTr Hyperloop to develop high-speed mobility and transport technologies.

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