Stock Market LIVE: Nifty, Sensex Trade Lower As Airtel, HDFC Bank Shares Weigh

Marksans Pharma share price erased losses after getting US drug regulator's nod for heart burn drug.

(Photo: Envato)

The NSE Nifty 50 and BSE Sensex were trading near day's low as Bharti Airtel Ltd. and HDFC Bank Ltd. share prices weighed. In the Nifty 50 index, 40 stocks out of 50 were trading in red. The Nifty 50 is trading near day's support level of 24,400.
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Stock Market Live Update: NSDL Shares Enter Third Day Of Post-Listing Rally With Over 60% Jump

Shares of National Securities Depository Ltd. extended their post-listing rally to a third session, generating a return of 66% over its IPO price. The stock gained as much as 19% intraday at Rs 1,339 on Friday, close to the upper band on the BSE.

The NSDL share price ended 17% higher on Wednesday and 20% on Thursday. The IPO price was Rs 800 and the scrip listed at Rs 880.

Also Read: NSDL Shares Enter Third Day Of Post-Listing Rally With Over 60% Jump

BlueStone Jewellery IPO Opens Aug. 11: Check Latest GMP, Price Band, Listing Dates And More

BlueStone Jewellery and Lifestyle Ltd. is set to launch its initial public offering (IPO) next week to raise over Rs 1,500 crore from the primary market.

The company manufactures and sells jewellery under the brand name BlueStone. Ahead of the launch, the grey market premium (GMP) for the IPO indicates a potential listing gain of over 3% per share.

Also Read: BlueStone Jewellery IPO Opens Aug. 11: Check Latest GMP, Price Band, Listing Dates And More

NBCC Interim Dividend Announced — Check Amount, Record Date And Other Key Details

NBCC Q1 Results: Public sector construction company NBCC (India) Ltd. on Thursday announced its financial results for the first quarter of FY 2025-26.

The company reported a 26% year-on-year rise in net profit for the first quarter of FY26, with earnings increasing to Rs 132.13 crore for the April-June 2025 period from Rs 104.62 crore in the same period a year ago.

Also Read: NBCC Interim Dividend Announced — Check Amount, Record Date And Other Key Details

Trump Tariff Impact: US Buyers Halt Orders From Indian Textile Exporters

Top US buyers such as Amazon, Walmart, Target, and Gap Inc have suddenly halted consignments and have become cautious about placing fresh orders with leading Indian exporters like Gokaldas Exports, following the shocking raise in tariff announced by US President Donald Trump on Aug. 6.

Also Read: Trump Tariff Impact: US Buyers Halt Orders From Indian Textile Exporters

NBCC Share Price Fell Nearly 2% Post Q1 Results

Shares of NBCC (India) Ltd.'s rose declined nearly 2% after the company posted its first-quarter results on Thursday. The Navratna Public Sector Enterprise's net profit surged 26% during the quarter ended June 30, 2025.

The company's bottom line grew to Rs 132.13 crore during the April-June period, compared to Rs 104.62 crore for the same period last year.

Also Read: NBCC Share Price Fell Nearly 2% Post Q1 Results

SBI, Tata Motors, Voltas, Siemens, Manappuram Finance Q1 Results Today — Earnings Estimates

State Bank of India, Tata Motors Ltd., and Voltas Ltd. are among the top names that will announce their earnings for the first quarter on Friday.

The country’s largest lender is expected to post a standalone net profit of Rs 16,964 crore, down 0.4% on year, according to a poll by Bloomberg. During the quarter ended March, the bank’s bottom line was at Rs 18,643 crore.

Track live updates on first-quarter earnings here.

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Bharti Airtel Share Price Down Over 2% After Rs 9,310-Crore Block Deal

Bharti Airtel Ltd.'s share price slipped by over 2% after its promoter, Indian Continent Investment, offloaded a stake worth Rs 9,310 crore in a block deal in the pre-open session.

Airtel stock fell as much as 2.80% during the day to Rs 1,868 apiece on the NSE.

Also Read: Bharti Airtel Share Price Down Over 2% After Rs 9,310-Crore Block Deal

Stock Market Live: Marksans Pharma Gets US FDA Nod For Drug To Treat Heart Burn & Other Conditions

Marksans Pharma Ltd.'s arm received US Food and Drug Administration for Omeprazole delayed-release tablets. The drug is used to treat heart burn and other conditions, the exchange filing said.

Stock Market Live: Titan Shares Trade Higher As Jefferies, Citi Hike Target Price After Q1 Results

Shares of Titan Co. rose over 1% on Friday as brokerages Citi and Jefferies hiked the target price for the stock after the announcement of the first-quarter earnings.

Citi maintained a 'buy' rating for Titan with the target price hiked to Rs 3,900 from Rs 3,800, as growth and profitability were in-line. Meanwhile, Jefferies maintained a 'hold' rating for Titan with the target price hiked to Rs 3,800 from Rs 3,600.

Also Read: Titan Shares Trade Higher As Jefferies, Citi Hike Target Price After Q1 Results

Stock Market Live: Schneider Electric Share Price Hits 5% Lower Circuit As Net Profit Declines

Schneider Electric Infrastructure Ltd.'s share price hit the lower circuit in Friday's session as the company's net profit declined in the first quarter. During April–June, Schneider Electric Infrastructure's consolidated net profit declined 15% on the year to Rs 41.24 crore from Rs 48.48 crore.

Schneider Electric Infrastructure reported a 4.8% on the year rise in revenue. It revenue for the first quarter stood at Rs 621.63 crore compared to Rs 592.91 crore.

Also Read: Schneider Electric Share Price Hits 5% Lower Circuit As Net Profit Declines

IPO News: Silver Consumer Electricals Applies For IPO Worth Rs 1,400 Crore

Silver Consumer Electricals Ltd. filed offer documents with the market regulator SEBI to sell shares worth Rs 1,400 crore via an initial public offering.

The IPO consists of a fresh issue of Rs 1,000 crore to be used for repaying debt in the current financial year. As of June 30, 2025, consolidated outstanding borrowings stood at Rs 1,103 crore.

Also Read: Silver Consumer Electricals Applies For IPO Worth Rs 1,400 Crore

Kalyan Jewellers Shares Plunge Over 9% As Concerns Over Tariffs Overshadow Earnings

Shares of Kalyan Jewellers Ltd. dropped over 9% on Friday after the company announced the first-quarter results for the fiscal year 2026. The company's net profit rose 49% during the first quarter.

The jewellery retailer's bottom line surged to Rs 264.08 crore during the April-June period, against Rs 177.77 crore for the same period last year, according to an exchange filing on Thursday.

Stock Market Live: Reliance Infra's Arm To Recover Regulatory Assets

Reliance Infrastructure's arm BSES Yamuna and BSES Rajdhani Power to recover nearly Rs 21,413 crore of regulatory assets. Its arm to recover regulatory assets over four years, the company said in the exchange filing.

Stock Market Live: Biocon Earnings Concall Highlights

  • Made strong start to FY26, Biosimilars to build on momentum

  • Balance sheet is stronger post QIP

  • All three businesses seeing accelerated growth

  • Multiple launches in generics segment planned in financial year 2026

Stock Market Live: JSW Steel Business Update (YoY)

  • JSW Steel Ltd.'s July crude steel production rose 19% to Rs 26.24 lakh tonnes

  • Its July India capacity utilisation is at at 92.5%

Stock Market Live: AU Small Finance Bank Share Price Jumps Over 7% As RBI Permits It To Become Universal Bank

AU Small Finance Bank Ltd. share price jumped over 7% in Friday's session after it received permission for becoming an universal bank from the Reserve Bank of India. An universal bank can offer a wide range of financial services including banking, investment banking, and asset management.

Also Read: AU Small Finance Bank Gets RBI's In-Principle Nod To Become Universal Bank

Experts' View: Nifty To Continue Pullback If Stays Above 24,500, Says Kotak Securities

"We are of the view that 24,500-24450/80300-80000 would act as a key support zone for day traders. As long as the market stays above this level, the pullback formation is likely to continue. On the higher side, the market could move up to 24,800/81000 with a minor resistance at 24650/80700," said Shrikant Chouhan, head, equity research, Kotak Securities

Broader Markets At Open: Nifty Midcap 150 And Nifty Smallcap 250 Decline At Open 

The NSE Nifty Midcap 150 and NSE Nifty Smallcap 250 fell in line with the benchmark indices. The indices were trading 0.23% and 0.01% down, respectively as of 9:27 a.m.

Sectoral Performance At Open: Nifty Media Outperforms 

On National Stock Exchange, eight sectoral indices declined, five advanced, and two remained flat out of 15.

Nifty Detractors: Bharti Airtel, HDFC Bank, And Infosys Shares Weigh 

Bharti Airtel Ltd., HDFC Bank Ltd., Infosys Ltd., Reliance Industries Ltd., and Eternal Ltd. shares weighed on the NSE Nifty 50 index.

ICICI Bank Ltd., Titan Co. Ltd., Trent Ltd., JSW Steel Ltd., and ITC Ltd. shares limited losses in the index.

Stock Market Today: Nifty, Sensex Reverse Gains From Previous Session

The NSE Nifty 50 and BSE Sensex erased all gains from previous session as heavyweight HDFC Bank Ltd. share weighed. The indices were trading 0.16% and 0.20% down, respectively as of 9:22 a.m.

Yield On 10-Year Bond Opens Flat

  • The yield on the 10-year bond opened flat at 6.39%

Source: Cogencis

Rupee Opens Stronger Against US Dollar

  • Rupee opened 14 paise stronger at 87.56 against US Dollar

  • It closed at 87.70 a dollar on Thursday

Source: Cogencis

Stock Market Live: Adani Green Energy Arm Commissions Solar-Wind Hybrid Power Project At Khavda

Adani Green Energy Ltd.'s arm has commissioned a solar-wind hybrid power project of 50 megawatt at Khavda. Total operational renewable generation capacity increased to 15,865.5 megawatt, the company said in the exchange filing.

Titan Q1 Review: Brokerages Remain Bullish, Citi And Jefferies Hike Target Price

Brokerages remain bullish in their views on Titan Co. post first quarter of fiscal 2025-26. Citi and Jefferies have hiked target price for the stock, while Morgan Stanley and Macquarie kept target price unchanged.

Titan Co.'s consolidated net profit rose 52.6% in the first quarter of financial year 2026, beating analysts' estimates. The luxury products manufacturer's bottom line increased to Rs 1,091 crore in the April-June period, according to an exchange filing on Thursday.

Also Read: Titan Q1 Review: Brokerages Remain Bullish, Citi And Jefferies Hike Target Price

Akzo Nobel India, Jio Finance, KPI Green, Castrol — Last Day To Buy Shares To Qualify

Shares of Akzo Nobel India Ltd., Jio Financial Services Ltd., KPI Green Energy Ltd., Castrol India Ltd. and eight other companies will be of interest on Friday, 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.

Also Read: 14 Dividend Stocks: Akzo Nobel India, Jio Finance, KPI Green, Castrol — Last Day To Buy Shares To Qualify

Syrma SGS Technology Aims For Rs 1,000-Crore Fundraising Through QIP

Syrma SGS Technology Ltd. is raising Rs 1,000 crore through qualified institutional placement. In case the total issue gets subscribed, the equity dilution will be 7.43% of the post-issue outstanding equity paid-up capital.

The QIP opened on Thursday and will close on Friday. Dam Capital is the book-running lead manager for the issue.

Also Read: Syrma SGS Technology Aims For Rs 1,000-Crore Fundraising Through QIP

Oil Prices Continue To Consolidate On Hope Of End To Russia-Ukraine War

Oil prices continued to consolidate on Friday as hopes rose that the war between Russia and Ukraine may finally come to an end. US President and Russian President Vladimir Putin are set to meet in coming days, as confirmed by Kremlin.

Oil futures were trading 0.05% higher at $66.45 a barrel as of 7:52 a.m.

Also Read: Oil Traders Race Against Time To Solve Global Diesel Crunch

Asia Market Update Live: Japan's TOPIX Hits Record High 

Japan's benchmark index TOPIX index hit a record high on Friday as technology stocks led. Nihon Chouzai Co, Toyo Engineering Corp were top gainer in the index.

The TOPIX and Nikkei 225 were trading 2.05% and 1.41% higher, respectively as of 7:45 a.m.

Meanwhile, markets in China, South Kora, and Australia were trading in loss as they assessed multiple factors. US President Donald Trump has chosen Council of Economic Advisers Stephen Miran for the post of Federal Reserve Chair.

Trump and Putin are set to meet, Kremlin confirmed. The meet will be focused to end the war in Ukraine as reported by news agencies.

US Market Update: Nasdaq 100 And S&P 500 Futures Rise 

US futures were trading higher on Friday in Asia-Pacific trade session after stocks ended near record high in the previous session. According to experts as reported by Bloomberg, it's a rally before the plunge as economic data so far has been disappointing in the world's largest economy while valuations remained high.

The Dow Jones Industrial Average and S&P 500 futures were trading0.23% and 0.26% higher, respectively as of 7:36 a.m.

Also Read: US Stocks Gain As Hopes Rise For Russia-Ukraine Truce: Markets Wrap

Stock Market Live: GIFT Nifty Implies Slightly Lower Open; Titan, LIC, HPCL Shares In Focus

The GIFT Nifty was trading 0.10% or 24.50 points higher at 24,657.50 as of 6:39 a.m. It implied that the NSE Nifty 50 may open over 61 points lower than Thursday's close.

Titan Co., Life Insurance Corp, Hindustan Petroleum Corp Ltd., India Glycols Ltd., C.E. Info Systems Ltd. shares will likely be in focus in Thursday's session.

The Indian equity benchmarks closed in the green, recovering sharply during the last hour of trade, to snap its two-day decline. The NSE Nifty 50 benchmark ended 21 points, or 0.09% higher at 24,596 and the 30-stock BSE Sensex ended 79 points, or 0.10% lower at 80,623.

Also Read: Stock Market Highlights: Nifty, Sensex Shrug Off Trump Tariff Jitters As Bulls Charge Back In Last Hour

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WRITTEN BY
Ananya Chaudhuri
Ananya Chaudhuri covers financial markets news and trends at NDTV Profit. S... more
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