Post Market Update- Sensex drops 375 points, Nifty below 25,150

Stocks in the news-

1. Hexaware Tech to acquire Tech SMC Square India & Tech SMC Squared (GCC) for Rs. 1,029 cr in all-cash deal.

2. Reliance Power board approved fundraise of up to Rs. 9,000 cr via QIP, FPO and NCDs.

3. Emcure Pharma announces partnership with Sanofi India to broaden reach of Sanofi's Oral Anti-diabetic drugs.

4. Mahindra Logistics' board approved issuing shares worth Rs. 749 cr at Rs. 277/sh via rights issue

Earnings-

1. Angel One Q1 net profit down 61% YoY at Rs. 114.4 Cr

2. Newgen Software Q1 net profit up 4% YoY at Rs. 50 Cr

Indian indices-

The benchmark indices ended lower on July 17, 2025, as investors remained cautious ahead of the final announcement of the India-US trade deal. On the sectoral front, IT, PSU bank shed, while FMCG, metal, consumer durables, realty indices gained. The BSE midcap index ended flat, while smallcap index rose 0.30%. At close, the Sensex was down 375.24 points or 0.45% at 82,259.24. The Nifty was down 100.60 points or 0.40% at 25,111.45.

Rupee ended at 86.08/$ against July 16, 2025, close of 85.94/$.

Buzzing stocks on BSE-

1. PNC Infratech rose 2.55% to Rs. 319.20, after company selected as lowest bidder for a solar power project by NHPC.

2. Mahindra Logistics surged 6.66% to Rs. 415.40, after the company's board approved a Rs. 750 crore rights issue.

3. Sterlite Technologies gained 3.10% to Rs. 118.20, after it partners with Hygenco for green hydrogen production facility in Maharashtra.

Global Signals-

Asia-Pacific markets mostly rose as investors assess Japan's trade data and Trump's plans for Powell.

European markets were higher. CAC 40 up 0.88%, DAX up 0.85% and FTSE 100 up 0.45%