Private bank shares declined after advancing in the past two trading sessions.

At 14:26 IST, the barometer index, the S&P BSE Sensex declined 259.41 points or 0.31% to 82,375.07. The Nifty 50 index fell 61.95 points or 0.24% to 25,150.45.

In the broader market, the S&P BSE Mid-Cap index rose 0.16% and the S&P BSE Small-Cap index added 0.25%.

The market breadth was negative. On the BSE, 1,980 shares rose and 1,995 shares fell. A total of 167 shares were unchanged.

Buzzing Index:

The Nifty Private Bank index fell 0.55% to 27,952.55. The index rose 0.17% in the past two trading sessions.

IndusInd Bank (down 1.49%), RBL Bank (down 1.06%), Axis Bank (down 0.95%), Federal Bank (down 0.65%), ICICI Bank (down 0.55%), Yes Bank (down 0.35%), IDFC First Bank (down 0.26%), HDFC Bank (down 0.22%) and Kotak Mahindra Bank (down 0.13%) declined.

Numbers to Track:

The yield on India's 10-year benchmark federal paper fell 0.21% to 6.300 from the previous close of 6.313.

In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 85.9800 compared with its close of 85.9250 during the previous trading session.

MCX Gold futures for 5 August 2025 settlement fell 0.53% to Rs 97,265.

The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.39% to 98.67.

The United States 10-year bond yield added 0.52% to 4.477.

In the commodities market, Brent crude for September 2025 settlement advanced 16 cents or 0.23% to $68.68 a barrel.

Stocks in Spotlight:

Mahindra Logistics jumped 6.01% after the company's board approved the detailed terms of its planned rights issue. The board, in its meeting held on July 17, approved the issuance of 2.70 crore fully paid-up equity shares at a price of Rs 277 per share, aiming to raise up to Rs 749.26 crore.

Hexaware Technologies advanced 0.51% after the company announced that it has entered into share purchase agreements for the acquisition of Tech SMC Square India and Tech SMCSquared (GCC) India. The acquisition will be carried out for an all-cash consideration of up to $120 million (around Rs 10,291.2 crore).

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