{"id":14511,"date":"2025-07-30T12:01:26","date_gmt":"2025-07-30T06:31:26","guid":{"rendered":"https:\/\/www.gwcindia.in\/blog\/?p=14511"},"modified":"2025-07-30T12:01:26","modified_gmt":"2025-07-30T06:31:26","slug":"market-overview-11","status":"publish","type":"post","link":"https:\/\/www.gwcindia.in\/blog\/market-overview-11\/","title":{"rendered":"MARKET OVERVIEW :"},"content":{"rendered":"
The Nifty is trading with gains of about 40 points, inching closer to 24,900. Tata Motors shares are down 4% amid reports of the acquisition of an Italian motor company. L&T shares jumped by over 3% after Q1 results.<\/strong><\/p>\n The Nifty index is trading relatively high with gains of about 50 points. The index is trading below the 24,900 mark while trading in green. The Sensex index is trading above the 81,000 mark.<\/strong><\/p>\n The shares of L&T are up 4% after the company reported a 67% jump in its net profit numbers. The shares of Tata Motors are down 4% amid reports of the acquisition of an Italian company.<\/strong><\/p>\n When we look at the broader markets, the Nifty Bank index is down with a marginal losses. The Nifty Midcap and Smallcap indices are currently facing the heat, with losses of under 0.20%.<\/strong><\/p>\n TCS, India\u2019s $30 billion tech bellwether, is laying off 12,000 employees, and it\u2019s not just a one-off.\u00a0<\/strong><\/p>\n The move points to a deeper churn in the Indian IT services industry, which is being reshaped by two powerful forces: artificial intelligence, and the explosive rise of global capability centres (GCCs).\u00a0<\/strong><\/p>\n For decades, Indian IT thrived on mass hiring and project management layers. But now, delivery models are shifting, mid-level roles are thinning out, and freshers are finding fewer doors open.<\/strong><\/p>\n TCS says this is about becoming \u201cfuture-ready\u201d, not cutting costs. But it also reflects a bigger truth: legacy roles and skillsets are losing relevance fast. With agentic AI now capable of handling planning and execution, even entry-level jobs are at risk<\/strong><\/p>\n Indian stock benchmarks snapped their losing streak on Tuesday, 29 July, buoyed by strong gains in heavyweights like Reliance Industries and HDFC Bank.<\/strong><\/p>\n Six IPOs:<\/strong><\/p>\n Additionally, what could also suck out some liquidity from the market will be six IPOs, which will be open for subscription simultaneously, including the \u20b94,011 crore NSDL IPO.<\/strong><\/p>\n GNG Electronics Lists At A Premium Of 50%<\/strong><\/p>\n GNG Electronics lists at a premium of 50% at \u20b9355\/share vs issue price of \u20b9237\/share.<\/strong><\/p>\n <\/p>\n