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
whatsapptwittershare
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.

12983543

*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.

like16
dislike
Explore Other Articles
Diffusion Engineers Expands Global Footprint with New UAE Subsidiary 23 minutes ago
ITC Hotels Reports 54% Surge in Q1 Profit, Revenue Up 15% 24 minutes ago
Mic Electronics Secures Railway Contract and Obtains BIS Certification 1 hour ago
Premier Explosives Secures ₹105 Crore Export Order for Defence Explosives 2 hours ago