Sensex Today | Stock Market LIVE Updates: PNB Housing down 16%; Nifty recovers from day's low

18 hours ago

HomeMarket NewsSensex Today | Stock Market LIVE Updates: PNB Housing down 16%; Nifty recovers from day's low

Profile image

By CNBCTV18.COM Aug 1, 2025 10:30 AM IST (Updated)

Sensex Today | Stock Market LIVE Updates: The Nifty is trading with cut of around 50 points. The pharma stocks are under pressure, with the Nifty Pharma down over 2%.

 PNB Housing down 16%; Nifty recovers from day's low

Sensex Today | Stock Market LIVE Updates: The Nifty has started August on a negative note. The 50-stock index is down around 80 points, falling below the 24,700 mark. The Sensex index is down close to 300 points. The Nifty Bank, and the broader market, that is, midcap and smallcap indices are under pressure, dipping by under 0.60%.

If the trend continues, the market could close for the first day of the month and this week in red, making it the 5th consecutive week of decline.

After Trump's decision to cut his tariffs on Bangladesh, textile stocks are under pressure, as Gokaldas Export and Pearl Global are trading with losses of over 1.5%.

The FII long ratio is currently at 10%, which is the lowest since April 2023. That, in previous instances, has turned out to be a boon for the index.

Earnings reactions continue from stocks like Coal India, City Union Bank, PB Fintech, among others. ITC is among the major earnings for the day.

Watch this space for all the live updates.

Read Full Article at Source