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INDIA STOCKS-India's equity benchmarks inch higher at open, Apollo Hospitals jumps on restructuring plans

ReutersJul 1, 2025 4:11 AM

- India's benchmark indexes edged up at the open on Tuesday, tracking broader Asian gains as investors awaited developments in U.S. trade talks ahead of President Donald Trump's July 9 tariff deadline.

The Nifty 50 .NSEI rose 0.25% to 25,580.65 points and the BSE Sensex .BSESN added 0.24% to 83,806.17 as of 9:38 a.m. IST.

Eight of the 13 major sectors logged gains at the open. The broader small-caps .NIFSMCP100 and mid-caps .NIFMDCP100 rose about 0.1% each.

Apollo Hospitals APLH.NS rose 4.2% after the hospital chain unveiled plans to spin off and separately list its digital health and pharmacy unit within 18 to 21 months.

The MSCI Asia ex-Japan index .MIAPJ0000PUS rose 0.6%, while Wall Street closed higher overnight on hopes that negotiations between the U.S. and key trading partners were gaining momentum.

Meanwhile, Indian officials will extend their U.S. visit to try to reach an agreement on a trade deal with the Trump administration and address lingering concerns on both sides, Reuters reported on Monday, citing two Indian government sources. The countries aim to tie up an early trade deal.

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