NIFTY50, SENSEX trade lower in midday session; Trent, Bajaj Group, PC Jeweller, among buzzing stocks

The equity benchmark indices SENSEX and NIFTY50 slipped in the afternoon after opening with gains on Friday, July 4, after US President Donald Trump said his administration will begin sending letters to trading partners and notify them about unilateral tariff rates. The tariffs will take effect from August 1, 2025.

On the contrary, Bajaj Finance (1.59%), Hero MotoCorp (1.14%), Tech Mahindra (1.01%), Wipro (0.88%), and Bajaj Finserv (0.61%) were among the top gainers on the 50-share index.

Shares of Tata Group firm Trent Ltd tumbled and hit a 10% lower circuit a day after the company held its annual general meeting (AGM).

The stock was locked in its 10% lower circuit limit of ₹5,572 on the NSE.

In its business update for the quarter ended June 30, 2024, Trent said its standalone revenue grew 20% YoY to ₹5,061 crore. As of June 30, 2025, the company said its store portfolio included 248 Westside, 766 Zudio (including 2 in the UAE), and 29 stores across other lifestyle concepts.

Shares of Bajaj Group companies operating in the financial and lending space, such as Bajaj Finance, Bajaj Finserv, and Bajaj Housing Finance, were trading with gains on Friday after the companies reported an encouraging set of numbers (provisional) in their Q1 business updates.

Bajaj Housing Finance said it disbursed (gross disbursement) approximately ₹14,640 crore in Q1 FY26 as compared to ₹12,004 crore in Q1 FY25. 

Bajaj Finance’s customer franchise as of June 30, 2025, stood at 106.51 million as compared to 88.11 million as of June 30, 2024. In Q1 FY26, the customer franchise increased by 4.69 million.

Shares of FMCG firm Marico Ltd surged as much as 4% to ₹742.10 apiece on the NSE as the company shared its business update for the quarter ended June 30, 2025 (Q1 FY26), last evening.

The company said that the FMCG sector exhibited consistent demand patterns during the June 2025 quarter, marked by improving trends in rural markets and steady urban sentiment. The company said it expects gradual improvement in the quarters ahead, supported by easing inflation, a favourable monsoon season, and policy stimulus.

Shares of capital market service providers BSE, Edelweiss Financial Services, Angel One, Central Depository Services, and Motilal Oswal Financial Services fell up to 6% after market regulator Securities and Exchange Board of India (SEBI) barred Jane Street Group and its associated entities from accessing Indian markets.

Shares of BSE fell as much as 6.12% to hit an intraday low of ₹2,647.30. Motilal Oswal Financial Services shares declined as much as 2.62%, Angel One dropped as much as 7.32%, Central Depository Services Limited (CDSL) declined as much as 2.26%, and Edelweiss Financial Services fell as much as 0.91%.

Shares of PC Jeweller soared over 14% after the firm reported around 80% growth in revenue during the April-June quarter of this financial year on strong demand despite volatility in gold prices and said it will become debt-free this fiscal year.

At 12:29 PM, the stock was trading at ₹16.04 apiece, surging 14.41% on NSE.

In a regulatory filing on Thursday, PC Jeweller informed that the company closed the April-June quarter on a very strong note, clocking a robust performance.

"Despite the volatility in gold prices, the company was able to achieve a standalone revenue growth of approximately 80%, as compared to the corresponding quarter of the previous financial year," PC Jeweller said.

The company saw high demand for its products, as consumers purchased jewellery for weddings and festivals.

Shares of Paras Defence and Space Technologies zoomed 10% after the stock started trading adjusted for its stock split on Friday, July 4.

Last seen, the stock was trading at ₹933.60 apiece on the National Stock Exchange, soaring 9.99%. It had hit its upper circuit.

The defence firm on April 30 had announced its plan for a stock split along with its March quarter earnings.

Shares of Lloyds Enterprises jumped over 4% to hit its 52-week high of ₹96.40 apiece on the National Stock Exchange after the company acquired a 50% stake in Prakar Estates and Promoters on Friday, July 4. But, however, it declined later and were trading in red.

The company, in a regulatory note, informed that it has invested ₹140 crore and acquired a stake in mining firm Prakar Estates.

Lloyds Enterprises plans to complete the acquisition by July 15, 2025. It further said that the capital contribution of Prakar Estates is ₹318.95 crore and its revenue as of March 31, 2025, is nil.

Last seen, shares of the firm were trading at ₹91.28 apiece on NSE, falling 1.21%.