📰 India Business Brief: Top Headlines for July 04, 2025

Economic Times

• The Indian equity benchmark Sensex closed higher by 193 points, reaching 83,432.89, while the Nifty settled at 25,461 on July 4, 2025.
• US stock markets, including the NYSE and Nasdaq, were closed on July 4, 2025, in observance of Independence Day.
• Former NITI Aayog CEO Amitabh Kant has been appointed as a Non-Executive Director to the board of IndiGo's parent company, InterGlobe Aviation.
• India's economy is projected to grow between 6.4% and 6.7% in FY26, according to the CII President.
• An anti-dumping probe has been initiated by India regarding the import of multi-layer paperboard from Indonesia.
• Reliance Retail has acquired a minority stake in UK-based FACEGYM, planning to introduce the brand to India.
• The Defence Acquisition Council has cleared 10 capital acquisition proposals, valued at over Rs 1.05 lakh crore.
• Patanjali Ayurved has been restrained by the Delhi High Court from airing television advertisements that disparage Dabur India's Chyawanprash products.

Business Standard

• The BSE Sensex gained 193 points, closing at 83,432.89, while the Nifty ended at 25,461.
• Broader markets showed resilience, with the Nifty Midcap 100 settling flat with a negative bias and the Nifty Smallcap 100 rising marginally by 0.03%.
• The Nifty Oil & Gas sector was the top gainer, increasing by 1.05%, driven by companies like Bharat Petroleum, IGL, Indian Oil, Mahanagar Gas, and Hindustan Petroleum.
• Among Sensex constituents, top gainers included Bajaj Finance, Infosys, Hindustan Unilever, ICICI Bank, HCL Tech, Ultratech Cement, and Bajaj Finserv.
• The steel industry is advocating for safeguard measures to protect domestic players.
• UCO Bank reported a 13% jump in its total business, reaching Rs 5.24 trillion in Q1FY26.
• Housing sales saw a 2% dip, but office leasing experienced a significant 41% jump in H1 2025.
• Tata Power Renewables added a record 752 MW of solar capacity in Q1FY26.

Mint

• The Indian stock market experienced selling pressure, with the Nifty 50 closing 48 points lower at 25,405, and the BSE Sensex shedding 170 points to end at 83,239.
• The Bank Nifty index also closed lower by 207 points at 56,791.
• Despite the broader market trend, Dr. Reddy's, Apollo Hospitals, and Hero MotoCorp were among the top performers on the Nifty, while SBI Life, Kotak Bank, and Bajaj Finserv were major losers.
• The Nifty Midcap and Nifty Smallcap Indices ended marginally in the green, bucking the broader downtrend.
• A mini US-India trade deal is anticipated to be signed on July 4, 2025, during External Affairs Minister Jaishankar's visit to Washington, with agriculture likely excluded from this initial agreement.
• Indian Oil is developing a plan for a green hydrogen fuel retail network.
• Shapoorji Pallonji & Co. is looking to raise $300 million to refinance existing debt.

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Tags: Headlines Business News Economic Times Business Standard Mint Top News