Indian stock markets witnessed significant volatility on July 4, as possible India-US trade deal and SEBI's order on Jane Street resulted in significant ups and downs in the benchmarks.
Sensex rose over 193 points (0.23 percent) to close at 83,433. Nifty meanwhile gained around 56 points (0.22 percent) to end the session at 25,461. Broader markets however closed on a muted note, with midcap index closing marginally lower and smallcap slightly higher. Oil and realty stocks led gains, while metals dragged the market.
Here are the stocks which moved the most today.
Paras Defence:
Paras Defence
Defence stocks saw a significant surge on July 4 after the Defence Acquisition Council (DAC) approved capital acquisition proposals worth approximately Rs 1.05 lakh crore. Paras Defence shares jumped 10% to hit the upper circuit after adjusting to stock split.
Marico:
Marico
FMCG player Marico Ltd's shares jumped 2% as its business update for the quarter ended June 30, 2025 impressed investors. "During the quarter, the sector exhibited consistent demand patterns, marked by improving trends in rural markets and steady urban sentiment. We expect gradual improvement in the quarters ahead, supported by easing inflation, a favourable monsoon season and policy stimulus," said the FMCG player.
Sapphire Foods:
Sapphire Foods
Sapphire Foods shares rallied over 9% intraday on July 4 after a report said that Yum! Brands, the American owner of popular food chains KFC and Pizza Hut, is in talks to facilitate the merger of its two franchisee partners in India, Devyani International Ltd (DIL) and Sapphire Foods.
CreditAccess Grameen
CreditAccess Grameen
CreditAccess Grameen shares gained nearly 3%. The NBFC said that it has recorded its highest first quarter disbursement and strong business momentum in Q1 FY26. The company added nearly 2 lakh new borrowers during the quarter under review.
Indraprastha Gas Limited (IGL):
IGL
Shares of Indraprastha Gas Limited (IGL) and Mahanagar Gas Ltd (MGL) rose up to 3.5% as the Petroleum and Natural Gas Regulatory Board has approved reforms to the Natural Gas Pipeline Tariff Regulations, 2025.
PC Jeweller:
PC Jeweller
PC Jeweller share price jumped 20% after the company reported around 80 percent growth in revenue during the April-June quarter of this financial year on strong demand and said it will become debt free this fiscal.
Nuvama Wealth Management:
Nuvama Wealth Management is Jane Street's Indian trading partner
SEBI has restrained Jane Street Group from accessing the local securities market, dealing a severe hit to the US trading firm that generated more than $2.3 billion in net revenue from equity derivatives in the South Asian nation last year. Nuvama Wealth Management is Jane Street's domestic trading partner. At close, shares of the firm tumbled 10.6% to Rs 7,310. Shares of Asia's oldest bourse BSE were quoting Rs 2,639, down 6.4 percent.
Trent:
Trent
Zudio and Westside operator Trent Ltd shares sank over 11% in trade after posting its business update for the quarter ended June. For the first quarter of the current financial year, Trent posted a revenue of Rs 5,061 crore, around 20 percent higher on-year from Rs 4,228 crore reported in the same quarter last year.
As of 30th June 2025, the value retailer's store portfolio included 248 Westside, 766 Zudio (including 2 in UAE) and 29 stores across other lifestyle concepts. It opened one Westside store and 11 Zudio stores, but consolidated one Westside and 10 Zudio stores during the quarter.
Angel One:
Angel One
Angel One shares declined 6% after the brokerage reported a sharp drop in its gross client acquisition for June. According to the company’s exchange filing, gross client acquisition fell 41.5 percent year-on-year to 5.5 lakh in June. On a month-on-month basis, however, the number rose 9.3 percent.
HDB Financial Services:
HDB Financial Services
After two days of recording notable gains since debuting on the stock markets, HDB Financial Services shares lost steam and traded in the red on July 4. The shares of the company dropped 2%. The newly-listed stock has now snapped a two-day gaining streak, during which it rallied 17 percent from its issue price.
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