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BEL Rallies on Fresh Orders, Sigachi Slumps on Plant Shutdown, RBL Bank Extends Rally
BEL Rallies on Fresh Orders, Sigachi Slumps on Plant Shutdown, RBL Bank Extends Rally
Written by - Fisdom Research
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July 1, 2025
2 minutes
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Market Snapshot
Indian equity markets ended flat on July 1 amid a rangebound trading session, with Nifty closing largely unchanged.
A seven-day winning streak for broader indices came to an end, as both BSE Midcap and Smallcap indices closed with marginal losses.
On the sectoral front, FMCG, Media, and Power sectors declined between 0.4% to 1.3%.
In contrast, PSU Banks gained 0.7% and the Consumer Durables index rose by 0.4%, offering some support to the market.
Sectoral Trends
Sector Name
% Change
Sector Name
% Change
NIFTY PSU BANK
0.7
NIFTY CONSUMER DURABLES
0.2
NIFTY OIL & GAS
0.5
NIFTY PRIVATE BANK
0.1
NIFTY METAL
0.3
NIFTY PHARMA
0.0
NIFTY HEALTHCARE INDEX
0.2
NIFTY AUTO
-0.2
Top News
Defence stocks rallied for the fourth straight session, with BEL hitting a 52-week high after announcing fresh orders worth ₹528 crore for various defence and electronic systems.
Sigachi Industries continued to decline sharply, following the temporary shutdown of its Telangana plant after a tragic blast that killed at least 34 people.
RBL Bank rose over 4%, marking its fourth consecutive gain and extending its one-month rally to over 21%.
Top Gainers and Losers
Top Gainers
% Change
Top Losers
% Change
APOLLOHOSP
3.6
NESTLEIND
-2.2
BEL
2.7
AXISBANK
-2.1
RELIANCE
1.8
SHRIRAMFIN
-1.5
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