The NSE Nifty 50 rose marginally by 0.09% to 24,323.85, while the BSE Sensex slipped slightly by 0.07% to 79,996.6 points. Despite HDFC Bank’s decline, the Nifty 50 achieved record highs in four out of five sessions this week, with the Sensex also hitting new highs three times. Both indices closed the week with a solid 1.2% gain.
Globally, major European markets advanced ahead of the US non-farm payrolls report, supported by optimism surrounding potential Fed rate cuts.
The BSE’s total market capitalisation increased from nearly ₹447 lakh crore to about ₹450 lakh crore, reflecting a substantial ₹3 lakh crore gain for investors in a single day.
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Impact on the stock market
The Nifty Bank index dropped by 0.83%, with the Nifty Private Bank index declining 0.97%, largely due to losses in HDFC Bank shares.
Conversely, the Nifty PSU Bank index saw a gain of 1.25%. Meanwhile, Nifty Oil & Gas rose 1.89%, Pharma gained 1.29%, Healthcare increased by 1.27%, and FMCG ended up 1.08%.
| Sector/Index | Performance |
| Information Technology | -0.01% |
| Healthcare | +1.27% |
| Oil & Gas | +1.89% |
| Realty | -0.03% |
| PSU Banks | +1.25% |
Top gainers today in stock market
| Company | Price | Change (%) |
| ONGC share price | 288.20 | +4.02% |
| SBI share price | 859.75 | +2.44% |
| Reliance share price | 3,177.25 | +2.23% |
| Britannia share price | 5,546.80 | +2.22% |
| HUL share price | 2,547.00 | +2.05% |
Top losers today in stock market
| Company | Price | Change (%) |
| HDFC Bank share price | 1,648.10 | -4.58% |
| Titan Company share price | 3,269.35 | -2.00% |
| Tata Steel share price | 174.71 | -0.90% |
| Mahindra & Mahindra share price | 2,880.60 | -0.76% |
| LTIMindtree share price | 5,421.70 | -0.69% |
Market aftermath: Impact on stocks today
RBL bank shares drop 4%
RBL Bank’s shares fell over 4% to ₹255 on July 5 after the bank reported a 2% QoQ decline in total deposits and a 9% QoQ drop in CASA in Q1FY25. Total deposits rose 18% YoY to ₹1 lakh crore, while gross advances increased 18% YoY to ₹88,455 crore.
However, the stock has declined over 7% YTD, underperforming the Nifty 50’s 11% rise. The bank plans to raise ₹6,500 crore through QIP and debt sales.
Raymond shares surge 18.5%
Shares of Raymond surged 18.5% to a record high on July 5 after the board approved the demerger of its real estate business, Raymond Realty.
The demerger plan includes issuing 6.65 crore shares of Raymond Realty, with shareholders receiving one share for each Raymond share held. Post-demerger, Raymond Realty will be listed on both NSE and BSE.
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Ahluwalia contracts hits 52-week high
Shares of Ahluwalia Contracts surged 10% to a 52-week high of ₹1,445 on July 5 after securing a ₹572 crore contract from the Airports Authority of India.
The EPC contract, to be executed in 24 months, involves constructing a new terminal building. Recent orders include ₹383.98 crore from Birla Arnaa LLP and ₹2157 crore from India Jewellery Park, Mumbai.
Crude oil futures dip
Crude oil futures traded lower on Friday morning despite setting up for a fourth week of gains due to summer demand in the US and supply concerns. At 9:52 am, September Brent futures were at $87.17, down 0.30%, and August WTI futures at $83.74, down 0.38%.
July crude on MCX traded at ₹6,989, down 0.50%, and August futures at ₹6,930, down 0.49%.
Conclusion
In summary, July 5 saw mixed performance in the Indian stock market as HDFC Bank’s losses tempered gains in benchmark indices despite the Nifty 50 reaching new highs throughout the week.
Stocks like Raymond and Ahluwalia Contracts surged on positive developments, while RBL Bank faced declines in Q1 deposit data. Crude oil futures dipped amid global supply concerns.
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