Markets at Noon: Nifty and Sensex Dip Slightly as Telecom Sector Struggles

1 min read     Updated on 02 Jul 2025, 12:02 PM
scanxBy ScanX News Team
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Overview

Indian markets show a slight downward trend at midday, with Nifty 50 at 25,487.20 (-0.21%) and Sensex at 83,508.57 (-0.23%). Diamond, Gems and Jewellery sector leads gains (+3.33%), while Telecom Equipment & Infra Services underperforms (-1.57%). TVS Srichakra buzzes despite GST demand notice, up 8.85% at ₹3,330.00.

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*this image is generated using AI for illustrative purposes only.

Market Overview

As the clock strikes noon on July 2, 2025, Indian markets are showing a slight downward trend. The Nifty 50 is currently trading at 25,487.20, down 54.60 points or 0.21% from its previous close. Similarly, the BSE Sensex stands at 83,508.57, reflecting a decrease of 188.72 points or 0.23%.

Sectoral Performance

Top Performing Sectors

Sector Avg. Per Change
Diamond, Gems and Jewellery 3.33%
Castings, Forgings & Fasteners 2.10%
Aviation 1.18%
Engineering Services 0.75%
Cables 0.68%

Underperforming Sectors

Sector Avg. Per Change
Telecom Equipment & Infra Services -1.57%
Trading -1.12%
Printing & Stationery -0.87%
Packaging -0.67%
Insurance -0.66%

Buzzing Stocks

TVS Srichakra, an automotive sector company, is making headlines today. The company has received a Goods and Services Tax (GST) demand notice for ₹65.38 Crore, representing a significant financial obligation. Despite this news, the stock is currently trading at ₹3,330.00, up by 8.85% from its previous close.

Conclusion

As we reach the midpoint of today's trading session, the markets are showing a slight bearish trend. While the broader indices are marginally down, there's significant sector-wise divergence. The Diamond, Gems and Jewellery sector is leading the gains, while Telecom Equipment & Infra Services are facing the most pressure. Investors are closely watching TVS Srichakra following the GST demand notice news.

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