Stock Market Live Updates Today: Sensex, Nifty Edge Higher in Early Trade

Tata Consultancy Services (TCS) has launched an AI Innovation Centre in Singapore to support 60 local SMEs and startups. The company is aiming to accelerate digital transformation and drive job creation. As part of the initiative, TCS will recruit 50 graduates from local universities and provide specialized training in data science and cybersecurity. A global leader in IT services, consulting, and business solutions, TCS operates in 55 countries and has maintained a presence in Singapore since 1985.

The government plans to sell assets associated to Mahanagar Telephone Nigam Limited (MTNL) to several state and central government entities. To accelerate the procedure, the extensive valuation and bidding procedures will be streamlined, with assets being priced reasonably. This change is expected to improve the company’s financial health, facilitating timely payments to vendors, employees, and pensioners. Over the past 12 months, MTNL’s stock has been trading within a price range of approximately 40 to 50 INR.

Stock market today started on a strong footing, with both the Sensex and Nifty climbing steadily. The rally is being driven by upbeat signals from Asian markets and growing optimism around a potential India-US trade agreement.

The BSE Sensex closed up by 383.61 points, or 0.46%, at 83,793.30, while the NSE Nifty gained 110.30 points, or 0.43%, settling at 25,563.70.

Stocks like Oil & Natural Gas Corporation, Mahindra & Mahindra, Apollo Hospitals Enterprise, Maruti Suzuki India, and Hindalco Industries led the charge, reportedly rising by as much as 2%. Analysts say this surge is fueled by multiple factors, most notably the excitement around trade talks between India and the US.

Meanwhile, Investor confidence got a significant lift from expectations that India and the United States may soon finalize a trade deal. This optimism followed US President Donald Trump’s recent announcement of a trade agreement with Vietnam, which plans to cut tariffs on Vietnamese goods from 46% to 20%.

This move has investors hopeful that similar progress could be made in talks with India, helping boost market sentiment further.

The combination of strong regional market trends and the prospect of improved trade relations has set a positive tone for the country’s equities as the new month begins.

The stock market opened on a steady note but soon moved into positive territory today morning.

As of 9:20 a.m., the Sensex was up 239.47 points, or 0.29%, at 83,649.16 after a flat start at 83,540.74. Meanwhile, the Nifty 50 rose 79.10 points, or 0.31%, to trade at 25,532.50.

On the domestic front, July crude oil futures on the Multi Commodity Exchange (MCX) were priced early Thursday morning at ₹5,739, slipping 0.24% from the previous close of ₹5,753, reports suggest. August contracts were also reportedly down 0.23%, trading at ₹5,641 compared to the previous close of ₹5,654.

The dip was reported after official data pointed to an unexpected build in US crude inventories, dampening sentiment in the oil markets.

Crude oil futures edged lower this morning following fresh data revealing a rise in US crude stockpiles, reports say.

As of 9:15 a.m., September Brent crude was reportedly trading at $68.63 per barrel, marking a 0.69% drop. Meanwhile, August WTI (West Texas Intermediate) futures were at $67, down 0.67%.

Rupee falls seven paise to 85.69 against the US dollar in early trade, reports PTI.

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HDB Financial Services continued its upward trajectory with its stock touching a high of ₹891.65 on Thursday, July 03, 2025 signifying a gain of around 20% from its IPO price. The shares were priced at ₹740 in the IPO, listed at a strong premium of 12.84% at ₹835 on both the NSE and the BSE.

Analyst attribute the strong performance to the company’s robust fundamentals, diversified loan book, and extensive presence across Indian market. The positive IPO listing rally highlight investor’s assurance in the company’s growth and future potential. The IPO was of ₹12,500 crore. Out of which ₹10,000 crore was offer-for-sale by HDFC Bank and a ₹2,500 crore was the fresh issue. It attracted 2,17,67,66,380 bids against 13,04,42,855 total shares offered. 
Several global financial firms have issued a ‘Buy’ rating on the stock, citing its upward momentum and projecting it could reach ₹900 per share.