From the Sensex firms, Kotak Mahindra Bank tumbled 7.31% after the company reported a consolidated net profit of ₹4,472 crore for the June quarter. File
| Photo Credit: AP
Stock markets declined for the third day on Monday (July 28, 2025), with benchmark indices Sensex and Nifty tumbling nearly 1% following heavy selling in Kotak Mahindra Bank and uncertainty related to the India-U.S. trade deal.
The 30-share BSE Sensex tanked 572.07 points or 0.70%, to settle at 80,891.02. During the day, it slumped 686.65 points or 0.84%, to 80,776.44.
The 50-share NSE Nifty declined 156.10 points or 0.63%, to 24,680.90.
From the Sensex firms, Kotak Mahindra Bank tumbled 7.31% after the company reported a consolidated net profit of ₹4,472 crore for the June quarter and flagged stress on the retail commercial vehicle portfolio due to adverse macroeconomic conditions.
The profit in the year-ago period was ₹7,448 crore, but it had included gains of over ₹3,000 crore on its stake sale in the general insurance arm, while the net profit for the March quarter stood at ₹4,933 crore.
Bajaj Finance, Bharti Airtel, Titan, Tata Consultancy Services, HCL Tech and State Bank of India were also among the laggards.
However, Hindustan Unilever, Asian Paints, ICICI Bank, Power Grid, HDFC Bank and ITC were the gainers.
Foreign Institutional Investors (FIIs) offloaded equities worth ₹1,979.96 crore on Friday (July 25, 2025), according to exchange data.
In Asian markets, Japan’s Nikkei 225 index settled lower while South Korea’s Kospi, Shanghai’s SSE Composite index and Hong Kong’s Hang Seng ended in positive territory.
Markets in Europe were trading in the green. The U.S. markets ended higher on Friday (July 25, 2025).
Global oil benchmark Brent crude climbed 0.91% to $69.05 a barrel.
On Friday (July 25, 2025), the Sensex tanked 721.08 points or 0.88%, to settle at over a month’s low of 81,463.09. The Nifty dropped 225.10 points or 0.90%, to a month’s low of 24,837.
Published – July 28, 2025 04:41 pm IST
