KEY HIGHLIGHTS
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Rupee Closes Weaker Against US Dollar
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Stock Market Live Update: Colgate Palmolive Share Price Swings Post Q1 Results
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Primary Market Update: Milky Mist Files DRHP For Its Rs 2,035-Crore IPO
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HDFC Bank Stock Extends Gain To Second Day On Better-Than-Expected Q1 Performance
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Stock Market Live: Zomato Parent Eternal's Share Price Zooms Post Q1
Market At Close: Nifty, Sensex Erase Gains
Benchmarks end the session on a flat note.
Nifty managed to close above the 25,000 mark.
Eternal and HDFC Life Insurance are the top gainers in Nifty.
Eternal gain more than 10% in the session.
Benchmark Indices outperformed Broader Market Indices.
Nifty Midcap 150 fell 0.5% for the day, drag by AU small Finance Bank and Vodafone Idea.
360 WAM and Zee Entertainment are the top losers in Nifty smallcap 250.
Nifty Media emerge as the top losing sector.
Zee entertainment and Hathway Cable fell the most in Nifty Media.
Nifty small cap 250 fell for the 4th day in a row.
Nifty Media snaps 2-day gaining streak.
Nifty PSU Bank, Oil and Gas lose for the 4th day in a row.
Nifty Pharma, FMCG fell for the 3rd consecutive day.
Nifty IT fell for the 2nd consecutive day.
Nifty Metal snaps 3-day gaining streak.
Zee Entertainment fell more than 5% after its Q1 results.
Rupee Closes Weaker Against US Dollar
Rupee closed 8 paise weaker against US Dollar at 86.37
It closed at 86.29 a dollar on Monday.
Source: Cogencis
Stock Market Live Update: GPT Infrastructure Gets Order Worth Rs 351 Crore
GPT Infraprojects has received a Rs 351 crore order from Agra Gwalior Highway for constructing a new major bridge. The development was announced through an exchange filing.
Q1 Earnings Live Update: Zee Entertainment Share Price Falls
Zee Entertainment Q1 Earnings Key Highlights (Consolidated, YoY)
Net Profit rose 21.7% to Rs 144 crore versus Rs 118 crore
Revenue fell 14.3% to Rs 1,825 crore versus Rs 2,130 crore
Ebitda fell 11.7% at Rs 239 crore versus Rs 271 crore
Margin at 13.1% versus 12.7%
Q1 Earnings Update: Kajaria Ceramics Share Price Swings
Kajaria Ceramics Q1 Earnings Key Highlights (Consolidated, YoY)
Net Profit rose 21.3% to Rs 109 crore versus Rs 89.8 crore
Revenue rose 0.6% to Rs 1,103 crore versus Rs 1,096 crore
EBITDA rose 9.3% to Rs 187 crore versus Rs 171 crore
Margin at 16.9% vs 15.6%
Stock Market Live Update: Vakrangee In Pact With Shriram General Insurance
Vakrangee Ltd. has entered into a pact with Shriram General Insurance to offer general insurance products across its extensive network, as disclosed in an exchange filing.
Nifty Today Live: PSU Banks Fare Worst On NSE
The Nifty PSU Bank index is down 1.5%. Canara Bank, Punjab National Bank are the top losers.
Q1 Earnings Update: Kirloskar Pneumatic Profit Down
Kirloskar Pneumatic Q1 FY26 Highlights (YoY)
Revenue up 2.3% at Rs 282 crore versus Rs 275 crore.
Ebitda down 15.1% at Rs 33.3 crore versus Rs 39.2 crore.
Margin at 11.8% versus 14.2%.
Net profit down 5.9% at Rs 25.3 crore versus Rs 26.9 crore.
Q1 Earnings Update: SML Isuzu Share Price Rises After Net Profit Increases
SML Isuzu Q1 FY26 Highlights (YoY)
Revenue up 13.4% to Rs 845.89 crore versus Rs 746.01 crore
Ebitda up 29.8% to Rs 105 crore versus Rs 80.9 crore
Margin at 12.4% versus 10.8%
Net profit up 44.3% to Rs 66.96 crore versus Rs 46.39 crore
Stock Market Live Update: Colgate Palmolive Share Price Swings Post Q1 Results
Right after Colgate Palmolive (India) Ltd reported a 12% on the year to Rs 321 crore in April–June quarter, it share price declined 1.67% to Rs 2,352 apiece.
Track live updates on Q1 earnings here.
Q1 Earnings Update: Blue Jet Health Slumps 10% Despite Good Results
Blue Jet Healthcare share price hit 10% lower circuit despite reporting an increase in net profit during April–June period.
Blue Jet Health Q1 Earnings Highlights (YoY)
Revenue at Rs 355 crore versus Rs 163 crore
EBITDA at Rs 121 crore versus Rs 44.1 crore
Margin at 34.1% versus 27.1%
Net Profit at Rs 91.2 crore versus Rs 37.7 crore
Track live updates on Q1 earnings here.
360 ONE WAM Shares Fall Over 7% In Trade After Block Deal
360 ONE WAM Ltd. has fallen more than 6.5% in trade on Tuesday on the back of a block deal, with 2.52 crore shares changing hands.
This comes on the back of Bain Capital-led BC Asia Investments Ltd. likely selling 3.7% equity—around 1.5 crore shares—at a value of Rs 1,160. The stock is currently trading at Rs 1,135, which represents almost a 7% fall from yesterday’s close.
Primary Market Update: Milky Mist Files DRHP For Its Rs 2,035-Crore IPO
Milky Mist filed draft red herring prospectus to get the Securities Exchange Board of India's permission to raise up to Rs 2,035 crore from the primary market.
The offer includes fresh issue of Rs 1,785 crore and Rs 250 crore for the offer for sale.
Also Read: Milky Mist Files DRHP For Rs 2,035-Crore IPO
HDFC Bank Stock Extends Gain To Second Day On Better-Than-Expected Q1 Performance
HDFC Bank share price extended gains to the second session after surprising the Street with its upbeat performance in the first quarter of financial year 2026. The stock price was trading near its record high in Tuesday's session.
HDFC Bank is the third top contributor to the NSE Nifty 50 index, while it's the second top contributor to the NSE Nifty Bank index.
In Monday's session, HDFC Bank supported the Nifty 50 to rebound from a two day slump.
Stock Market Live Update: Godavari Biorefineries Gets Chinese Patent For Anti-Cancer Drug
Godavari Biorefineries has been granted a Chinese patent for its anti-cancer molecule.
Stock Market Today: Tata Communication To Launch Advances AI-Ready Network In India With Amazon Web Services
Tata Communications has partnered with Amazon Web Services to build an advanced AI-ready network in India. The collaboration aims to deliver high-bandwidth, low-latency connectivity crucial for AI workloads on AWS. As part of the pact, a network will be established connecting three major AWS infrastructure locations.
Stock Market Live: Equitas Small Finance Bank Launches Saving Accounts For NRIs
Equitas Small Finance Bank has launched Foreign Currency Non-Resident Deposit and the Equitas Explorer Savings Account for NRIs. The announcement was made via an exchange filing.
Piramal Pharma To Sell Its Thane Unit For Rs 8.5 Crore
Piramal Pharma's board has approved agreements with a global pharmaceutical company to sell its Thane unit. The transaction is valued at Rs 8.5 crore, as per the exchange filing.
Oberoi Realty, PNB Housing Finance, AGI Greenpac — Stocks React To Q1 Results
Shares of Oberoi Realty Ltd., PNB Housing Finance Ltd., AGI Greenpac Ltd. and Havells India Ltd. on Tuesday reacted after the companies announced their first-quarter results.
Stock Market Live Update: Shanti Gold Sets IPO Price Band In Range Of Rs 189–199/Share
Shanti Gold has set its IPO price band at Rs 189 to Rs 199 per share.
Havells India Share Price Marginally Up After Q1 Results
Havells India Ltd. shares rose marginally during early trade on Tuesday after the company reported its first quarter earnings.
The electrical goods manufacturer's standalone net profit for the quarter under review stood at Rs 352.3 crore, down 14% compared to Rs 411.2 crore in the year-ago period, according to an exchange filing on Monday. Analysts tracked by Bloomberg had estimated a profit of Rs 381 crore for the quarter.
Stock Market Live: Zomato Parent Eternal's Share Price Zooms Post Q1
Shares of Eternal Ltd, the parent company of Zomato and Blinkit, rallied 13.62% on Tuesday following its first-quarter earnings announcement, driven by stronger-than-expected revenue growth, narrowing losses in key verticals, and bullish commentary from brokerages. The stock also saw heightened activity, with 2.6 million shares changing hands in a block deal, signaling strong institutional interest.
Stock Market Live Update: Swiggy Share Price Jumps To Highest Level Since Feb 5
Swiggy share price jumped 7.99% to Rs 426.30 apiece, the highest level since Feb 5. It was trading 7.23% higher at Rs 423.30 apiece as of 9:37 a.m., as compared to 0.11% advance in the NSE Nifty 50 index.
Eternal Q1 Results Review: Blinkit Boom Or Profit Problem?
Brokerages gave mixed reactions to Zomato’s first-quarter results, with UBS, Citi, and Bernstein citing strong momentum in quick commerce via Blinkit, while Macquarie flagged rising costs and questioned the valuation. The company posted higher revenue but missed profit expectations, leading to diverging views on growth and sustainability.
Sectoral Performance At Open: Nifty Defence Leads Gains
On National Stock Exchange, eight sectoral indices advanced, six remained flat, and one declined out of 15. The NSE Nifty Defence outperformed, while the NSE Nifty Pharma declined the most.
Nifty Contributors: Eternal, HDFC Bank And ICICI Bank Support Gains
Eternal Ltd., HDFC Bank Ltd., ICICI Bank Ltd., Axis Bank Ltd., and Trent Ltd. added to the Nifty 50 index.
Reliance Industries Ltd., Infosys Ltd., Bharti Airtel Ltd., Kotak Mahindra Bank Ltd., and Bajaj Finserve Ltd. weighed on the Nifty 50 index.
Market Open: Nifty, Sensex Extend Gains
The NSE Nifty 50 and BSE Sensex extended gains at open tracking a rise in Eternal Ltd. and HDFC Bank Ltd. First-quarter performance contributed to the positive sentence for the stocks.
Stock Market Today: Nifty, Sensex Rise At Pre-Open
At pre-open, the NSE Nifty 50 was trading 0.21% higher at 25,166.65, and the BSE Sensex was trading 0.39% higher at 82,523.81.
Yield On The 10-Year Bond Opens Flat
The 10-year bond yield opened flat at 6.35%
Source: Cogencis
Rupee Opens Stronger Against US Dollar
Rupee opened 4 paise stronger against US Dollar at 86.25
It closed at 86.29 a dollar on Monday.
Source: Cogencis
Pidilite, Heritage Foods, Aditya Birla Sun Life AMC — Last Day To Buy Shares To Qualify
Shares of Pidilite Industries Ltd., Heritage Foods Ltd., Aditya Birla Sun Life AMC and 13 other companies will be of interest on Tuesday as it marks the last session for investors to buy shares to qualify for receiving the dividend before the stock goes ex/record-date.
For a dividend, investors should note the record date that determines shareholder eligibility.
Q1 Earnings: Dixon Tech, IRFC, Paytm, Mahanagar Gas Among 50+ Companies To Declare Quarterly Earnings
At least 53 companies are set to announce their Q1FY26 results of the April-June quarter on July 22. The list includes prominent names such as Dixon Technologies (India), Paytm operator One 97 Communications, Colgate-Palmolive (India), Ideaforge Technology, and Indian Railway Finance Corporation (IRFC), among others.
Read the full article here.
Bajaj Finance Shake-Up: Rajeev Jain Returns As MD Anup Kumar Saha Resigns
Brokerages said Bajaj Finance’s decision to reappoint Rajeev Jain as vice chairman and managing director ensures near-term stability, after Anup Kumar Saha stepped down from the top role four months into his tenure.
Jefferies called the resignation “a surprise” but maintained a ‘buy’ rating with a target price of Rs 1,044. The brokerage said Jain’s presence and the depth of the senior management team would allow for a smooth transition. It also noted that succession planning remains a key medium-term issue.
Read the full article here.
Brokerages On Zomato
Bernstein on Eternal
Maintain Outperform; Hike target price to Rs 320 from Rs 280
Eternal Q1: Quick Commerce Flywheel
Delivered a robust quarter with a strong beat in Quick Commerce
Beat driven by dark store expansion and lower than expected adj EBITDA losses
Remains top-pick in India internet and is poised to benefit from the structural shift to quick commerce
Macquarie on Eternal
Maintain Underperform with a target price of Rs 150
Quick Commerce explosive growth, losses contained; Food Delivery growth lags
Despite yet to be proven steady-state economics and rising competition, estimate the current share price implies $15bn value for Blinkit
Remain guarded on both Quick Commerce economics and what's priced in Eternal shares
Citi on Eternal
Maintain Buy; Hike target price to Rs 320 from Rs 290
Quick Commerce Delivers Intact Growth Momentum + Lower Losses
Quick Commerce Adj EBITDA surprised positively
Believe that gains from the improved Quick Commerce outlook more than offsets the negative impacts
Eternal is one of top India Internet Picks
Oil Prices Decline For Third Session As Tariff Deadline Looms
Crude oil prices declined for third session in a row as tariff deadline draws closer. US and European Union are about to enter another round of negotiation in order to strike a deal by Aug 1.
The September future contract was trading 0.81% down at $68.65 a barrel as of 7:57 a.m.
Asia Market Update: Japan's Nikkei 225 & Topix Rise As Political Jitters Subside
Japan's benchmark indices the Nikkei 225 and Topix staged a relief rally after Prime Minister Shigeru Ishiba said that he will continue as a leader after ruling party lost majority in the upper house.
Markets across China, Hong Kong, South Korea, and Australia advanced tracking overnight gains on Wall Street as investors await earnings from the US corporates.
US Market Update: Dow Jones And Nasdaq 100 Futures Rise
US stock indices futures rise in Asia session Tuesday. In the previous session, the Nasdaq Composite and S&P 500 scaled a fresh highs tracking a pre-earning jump in Alphabet Inc.
The Dow Jones Industrial Average rose 0.17% to 44,623.00, and the S&P 500 future rose 0.11% to 6,351 as of 7:29 a.m. The Nasdaq 100 future rose 0.07% to 23,363.24.
GIFT Nifty Implies Positive Open; Bajaj Finance, Oberoi Realty, PNB Housing In Focus
The GIFT Nifty was trading 0.01% or 2.50 points higher at 25,184.50 as of 6:57 a.m., which implied a higher open for the Nifty 50 index.
Traders will likely keep an eye on Oberoi Realty Ltd., PNB Housing Finance Ltd. as they released their first-quarter results. Bajaj Finance Ltd., 360 One Wam Ltd., State Bank of India, and Afcons Infrastructure Ltd. will also be in focus.
The benchmark equity indices snapped three sessions of losses on Monday as shares of ICICI Bank Ltd. and HDFC Bank Ltd. led the gains.
The NSE Nifty 50 ended 122.3 points or 0.49% higher at 25,090.7, while the BSE Sensex gained 442.61 points or 0.54% to close at 82,200.34.
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