Stock markets edge up amid weak global market trends, tariff-related uncertainty
Mumbai, Jul 16 (PTI): Benchmark stock indices Sensex and Nifty closed marginally higher in a rangebound trade on Wednesday as investors stayed on the sidelines amid weak global market trends and tariff-related uncertainty.
Rising for the second day in a row, the 30-share BSE Sensex edged up 63.57 points or 0.08 per cent to settle at 82,634.48. During the day, it hit a high of 82,784.75 and a low of 82,342.94.
The 50-share NSE Nifty ended 16.25 points or 0.06 per cent higher at 25,212.05.
Among Sensex firms, Mahindra & Mahindra, Tech Mahindra, State Bank of India, Infosys, Adani Ports and ITC were the major gainers.
However, Eternal, Sun Pharma, Tata Steel, Tata Motors, Bajaj Finance and Bharat Electronics were among the major laggards.
"Indian equity markets closed modestly higher on Wednesday, recovering from early losses amid foreign fund inflows, easing market volatility, and renewed buying interest in IT stocks," Gaurav Garg, Analyst, Lemonn Markets Desk, said.
Tech Mahindra rose by 1.94 per cent ahead of its financial results that were announced after market hours. The company posted a 30 per cent jump in consolidated profit after tax to Rs 1,128.8 crore in the June quarter of FY26 over the year-ago period.
Infosys rebounded by 1.5 per cent, helping the key indices close in green.
"India’s macroeconomic outlook remains strong, supported by easing inflation, lower interest rates, a healthy monsoon, and softer oil prices. A drop in inflation in eight straight months has provided a push to the market. However, investors are showing a mix of optimism and caution in the relief rally to assess the Q1 FY26 corporate earnings, as an upgrade in earnings is essential in the premium valued stock market.
"Additionally, global sentiment is mixed amid tariff concerns—highlighted by the announcement of a 50% duty on copper—and fading hopes of a near-term US Fed rate cut on account of sticky inflation, adding market uncertainty," Vinod Nair, Head of Research, Geojit Investments Limited, said.
Foreign Institutional Investors (FIIs) bought equities worth Rs 120.47 crore on Tuesday, according to exchange data.
"The benchmark equity indices exhibited range-bound price action and ended marginally in the green, marking the second consecutive session of gains. Market participants remained cautious amid prevailing uncertainty around global tariff developments," according to Bajaj Broking Research.
The BSE smallcap gauge climbed 0.28 per cent and midcap index went up by 0.10 per cent.
Among BSE sectoral indices, BSE Focused IT climbed 0.67 per cent, followed by IT (0.66 per cent), services (0.55 per cent), realty (0.50 per cent) and teck (0.49 per cent).
Commodities, capital goods, metal and industrials were the laggards.
In Asian markets, South Korea's Kospi, Japan's Nikkei 225 index, Shanghai's SSE Composite index and Hong Kong's Hang Seng settled lower.
European markets were trading on a mixed note. The US markets ended mostly lower on Tuesday.
Global oil benchmark Brent crude dipped 0.26 per cent to USD 68.55 a barrel.
On Tuesday, the Sensex climbed 317.45 points or 0.39 per cent to settle at 82,570.91. The Nifty edged higher by 113.50 points or 0.45 per cent to 25,195.80.
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'Go back to your own country': Indian-origin taxi driver attacked in Dublin
London, Aug 5 (PTI): An Indian-origin taxi driver based in Ireland for over 23 years has become the latest to be targeted in an unprovoked attack in the capital Dublin, with local police (Gardai) launching an investigation into the violent assault.
Lakhvir Singh, in his 40s, told local media that he picked up two young men in their 20s on Friday night and dropped them at Poppintree, in the Ballymun suburb of Dublin.
Upon arriving at the destination, the men are said to have opened the vehicle door and struck him twice on the head with a bottle. As the suspects fled, they reportedly shouted: "Go back to your own country".
"In 10 years I've never seen anything like this happen," Singh told ‘Dublin Live’.
"I'm really scared now and I'm off the road at the moment. It will be very hard to go back. My children are really scared," he said.
A Dublin police spokesperson said Singh was taken to the city's Beaumont Hospital with injuries determined as not life-threatening.
"Gardaí are investigating an assault reported to have occurred in Poppintree, Ballymun, Dublin 11 at approximately 11:45 pm on Friday, 1st August 2025. A man, aged in his 40s, was brought to Beaumont Hospital for treatment of non-life-threatening injury. Investigations are ongoing," the spokesperson said.
The incident followed an Indian Embassy advisory, also issued on Friday, expressing safety concerns following recent attacks in and around the capital Dublin and urging Indian citizens to take safety precautions.
"There has been an increase in the instances of physical attacks reported against Indian citizens in Ireland recently,” states the advisory.
“The embassy is in touch with the authorities concerned in Ireland in this regard. At the same time, all Indian citizens in Ireland are advised to take reasonable precautions for their personal security and avoid deserted areas, especially at odd hours," the statement reads, adding emergency embassy contact details as 0899423734 and cons.dublin@mea.gov.in.
It came in the wake of a brutal attack on a 40-year-old Indian man at Parkhill Road in the Tallaght suburb of Dublin on July 19, described as “mindless, racist violence” by locals.
The Gardai had opened an investigation into the case and Indian Ambassador to Ireland Akhilesh Mishra was among those who took to social media to express shock over the attack.
“Regarding the recent incident of physical attack on an Indian national that happened in Tallaght, Dublin, the embassy is in touch with the victim and his family. All the requisite assistance is being offered. The embassy is also in touch with the relevant Irish authorities in this regard,” the embassy said in a social media post days after the incident.
A Stand Against Racism protest was also held by the local community in condemnation of what was described as a "vicious racist attack" and to express solidarity with migrants.
Last week, Dr Santosh Yadav took to LinkedIn to post details of a “brutal, unprovoked racist attack”.
The entrepreneur and AI expert stressed that it was not an isolated incident and called for “concrete measures” from the governments of Ireland and India to ensure Indians feel safe to walk the streets of Dublin.
His post revealed that a group of six teenagers attacked him from behind as he walked to his apartment in Dublin.
“This is not an isolated incident. Racist attacks on Indian men and other minorities are surging across Dublin — on buses, in housing estates, and on public streets. Yet, the government is silent. There is no action being taken against these perpetrators. They run free and are emboldened to attack again,” reads Yadav's post.
Fine Gael party Councillor for Tallaght South, Baby Pereppadan, was among those who expressed concern following last month’s attack.
“People need to understand that many Indian people moving to Ireland are here on work permits, to study and work in the healthcare sector or in IT and so on, providing critical skills,” he said.
Another violent anti-Indian attack in Ireland
— Journalist V (@OnTheNewsBeat) August 5, 2025
Taxi driver Lakhvir Singh was attacked with glass bottles while doing his job pic.twitter.com/mtkwhLWISx
