Top Gainers and Losers on July 04: Trent, Angel One, BSE, Crisil, Sammaan Capital among top losers today
Indian stock market today: The Indian stock market ended Friday’s session (July 4) with marginal gains, as bulls came to the rescue during the second half of the day. However, the trend in the Indian stock market continued to remain range-bound, with investors awaiting clarity on the India–US trade deal, especially as the deadline for the pause in reciprocal tariffs approaches.
The Nifty 50 ended with a marginal gain of 0.23% at 25,463, while the Sensex closed at 83,432, up 0.23% from the previous close. Both indices ended the week with a decline of over 0.60%, snapping their two-week rally. The broader markets ended today’s session largely unchanged but managed to close the week with gains of over 0.30%.
Though Wall Street ended with strong gains overnight after June’s nonfarm payroll report came in hotter than expected, the Indian stock market began the session on a subdued note and drifted lower before picking up momentum in the second half.
In addition to the ongoing trade concerns, the ban on Jane Street — one of the world’s largest quantitative trading firms — from accessing the Indian stock market by the market regulator SEBI over alleged manipulation in derivatives trading has impacted market sentiment.
It also triggered sharp selling in broking, exchange, and asset management stocks, with most of them ending the session with deep cuts.
While the broader market remains in a tight range, defense stocks resumed their action, with stocks such as Paras Defence, BEML, Hindustan Aeronautics, and Bharat Electronics ending as high as 10% after the government approved the acquisition of ₹1.05 lakh crore worth of new defense equipment.
Top Losers
Trent emerged as the worst-performing stock in today’s session, losing 11.4% of its value — its steepest intraday drop-in recent times — as investor concerns grew over its valuations after the management flagged slower near-term growth in its core fashion business at its AGM. This also prompted several brokerage firms to downgrade the stock and revise earnings estimates downward.
Nuvama Institutional Equities downgraded the stock to ‘Hold’ and lowered its target price to ₹5,884 from ₹6,627, citing a miss on the growth run-rate and trimming its FY26 and FY27 revenue and EBITDA estimates. Nuvama Wealth Management was the second-worst performing stock today, falling 10.6%, while Sammaan Capital crashed nearly 9%.
Angel One shares also came under selling pressure, dropping 6% after the company’s client acquisition plunged 41.5% in June.
DCM Shriram, which touched a fresh all-time high in the previous trading session, witnessed profit booking, leading it to close the day with a 5% decline at ₹1,355.
Other stocks such as Crisil, Apar Industries, Jindal Stainless, KFIN Technologies, Brainbees Solutions, Supreme Petrochem, Schaeffler India, Grindwell Norton, Bandhan Bank, and 30 other stocks from the Nifty 500 pack ended Friday’s session with losses of over 1.5%.
Top Gainers
The gainers’ pack was led by Chennai Petroleum Corporation, with the stock rallying 8.25% to ₹771.50, followed by Mastek, which rose 5.2%. Shares of Sapphire Foods India also jumped 5% on reports of a potential merger with Devyani International.
Other stocks, including Raymond Realty, BPCL, Bosch, Kirloskar Brothers, CreditAccess Grameen, Niva Bupa Health Insurance, Engineers India, Devyani International, Raymond Lifestyle, KPR Mill, Dr. Lal PathLabs, and 40 other constituents of the Nifty 500, gained over 1.5%.
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