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Company News

Ideaforge Technology Ltd
Nifty trades near 25,200 level; oil & gas shares jump
Jul 23,2025
The key equity indices traded with significant gains in the mid-afternoon trade. Investors will closely monitor IPO activity, the India-US trade deal, and developments on the tariff front. The Nifty traded near the 25,200 level.

Oil & gas shares advanced after declining in the past four trading sessions.

At 14:25 IST, the barometer index, the S&P BSE Sensex, advanced 505.01 points or 0.60% to 82,679.42. The Nifty 50 index added 138.95 points or 0.55% to 25,199.85.

The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index declined 0.10% and the S&P BSE Small-Cap index shed 0.16%.

The market breadth was negative. On the BSE, 1,736 shares rose and 2,199 shares fell. A total of 190 shares were unchanged.

Buzzing Index:

The Nifty Oil & Gas index jumped 0.30% to 11,631.95. The index fell 2.04% in the past four trading session.

Castrol India (up 2.52%), GAIL (India) (up 1.16%), Adani Total Gas (up 0.94%), Petronet LNG (up 0.92%) and Reliance Industries (up 0.65%), Bharat Petroleum Corporation (up 0.59%), Gujarat Gas (up 0.53%), Aegis Logistics (up 0.51%) and Hindustan Petroleum Corporation (up 0.47%) advanced.

Numbers to Track:

The yield on India's 10-year benchmark federal paper rose 0.08% to 6.313 from the previous close of 6.309.

In the foreign exchange market, the rupee edged lowerr against the dollar. The partially convertible rupee was hovering at 85.4325 compared with its close of 86.3800 during the previous trading session.

MCX Gold futures for 5 August 2025 settlement rose 0.04% to Rs 1,00,369.

The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.09% to 97.45.

The United States 10-year bond yield rose 1.04% to 4.381.

In the commodities market, Brent crude for September 2025 settlement declined 12 cents, or 0.17% to $68.47 a barrel.

Stocks to Watch:

Ideaforge Technology declined 6.46% after the company reported consolidated net loss of Rs 23.5 crore in Q1 FY26 compared with net profit of Rs 1.17 in Q1 FY25. Revenue from operations declined 85.17% YoY to Rs 12.78 crore during the quarter.

Maharashtra Scooters shed 0.06%. The company reported a 328.09% surge in standalone net profit to Rs 35.36 crore, on a 241.54% rise in total income to Rs 29.27 crore in Q1 FY26 over Q1 FY25.

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