SpaceX buys wireless spectrum from EchoStar in $17 billion deal
1. EchoStar's Boost Mobile to access Starlink service 2. FCC sees potential to boost U.S. connectivity 3. SpaceX to cover $2 billion in EchoStar's debt interest
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Market Recap: Sensex and Nifty End Lower
On Friday, July 25, Indian stock markets witnessed a significant correction amid widespread selling pressure:
- BSE Sensex dropped by 721.08 points (0.88%), closing at 81,463.09, a one-month low.
- During the day, it plunged as much as 786.48 points to a low of 81,397.69.
- NSE Nifty declined 225.10 points (0.90%), ending at 24,837, also a monthly low.
The losses were primarily led by heavy sell-offs in financials, IT, and oil & gas stocks, with persistent foreign institutional outflows adding to the pressure.
Key Stocks to Watch on July 28
✅ Tata Chemicals
Tata Chemicals reported an 80.57% YoY jump in consolidated net profit to ₹316 crore for the quarter ending June 30. Strong earnings may support positive movement in the stock.
✅ Tata Consultancy Services (TCS)
India’s leading IT services firm will be under investor scrutiny as the broader IT sector faced selling pressure on Friday. Any updates on deal wins or macro trends may influence stock performance.
SAIL shares are likely to be active as the metal sector reacts to global steel demand trends and domestic infrastructure cues.
✅ BEML
The public sector company remains in focus on the back of defense and rail sector momentum. Investors may also watch for fresh government orders or updates on disinvestment plans.
✅ IDFC First Bank
The stock is on the radar amid ongoing financial sector volatility. Any updates on loan book performance or merger activity may impact sentiment.
✅ Aadhar Housing Finance
Investors will watch for further updates post-recent financial disclosures and outlook on affordable housing demand.
✅ Orient Cement
Movements in construction and cement sectors may keep Orient Cement in play, particularly after input cost fluctuations.
✅ J&K Bank
The stock is expected to remain active due to regional lending trends and performance outlook.
Outlook
With global market cues mixed and domestic economic data releases expected soon, investors are likely to remain cautious. Earnings updates, macroeconomic signals, and institutional flows will continue to drive market sentiment through the week.
