Stock Market Today: Sensex, Nifty End Lower As RIL, HDFC Bank Drag; Earnings Volatility Weighs

That's all for NDTV Profit's real-time market coverage on July 24. Thank you!

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The Nifty 50 has declined below its support level on Thursday as volatility regarding first-quarter earnings weighed. Market participants assessed earnings from Nestle India Ltd., Ujjivan Small Finance Bank Ltd., Bajaj Finance Ltd., LT Foods, and Motilal Financial Services.
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Market At Close: Nifty, Sensex Decline Sharply On Thursday

  • Nifty 50 ends below 25100 , Top losers Nestle, Trent

  • Nifty Psu bank gained for second day in a row led by Canara Bankand Indian Bank

  • Nifty Pharma gained for second day in a row led by IPCA Labs

  • Nifty Metal gained for second day in a row led by Jindal Steel

  • Nifty Auto gained for second consecutive day led by Samvardhana Motherson International

  • Nifty Media maintained third day losing streak

  • Nifty Financials snapped its three day wining streak

  • Nifty Realty maintained third day losing streak , dragged by Prestige Estates

  • Nifty FMCG declined for fifth day in a row, dragged by Nestle

  • Nifty IT remained the Top loser dragged by Coforge and Persistent Systems

Rupee Closes Flat Against US Dollar

  • Rupee closed flat at 86.41 against US Dollar

Source: Cogencis

Stock Market Live Update: APL Apollo Falls As Net Profit Declines 

Key highlights (Consolidated, YoY)

  • Net profit falls 19.1% to Rs 237 crore versus Rs 293 crore.

  • Revenue declines 6.2% to Rs 5,170 crore versus Rs 5,509 crore.

  • Ebitda falls 10.1% to Rs 372 crore versus Rs 414 crore.

  • Margin at 7.2% versus 7.5%.

Before earnings are posted here, it's on NDTV Profit's Q1 earnings blog.

Stock Market Live: Canara Bank Share Price Jumps Over 5% After Net Profit Rises 21.7%

Canara Bank Ltd. share price rose over 5% in Thursday's session after the bank posted an increase in its net profit during April–June. Moreover, the lender's asset quality also improved during the quarter.

Also Read: Canara Bank Q1 Results: Date, Earnings Call Details And All You Need To Know

Q1 Earnings Update: CG Power Share Price Falls Post Q1 Results 

Key highlights (Consolidated, YoY)

  • Revenue up 29.2% to Rs 2,878.05 crore versus Rs 2,227.52 crore.

  • Net Profit  up  12% to Rs 269.23 crore versus Rs 241.24 crore.

  • Ebitda up  17% to Rs 381.22 crore versus Rs 327.09 crore.

  • Margin at 13.2% versus 14.7%.

Q1 Earnings Update: Indian Bank Share Price Rises As Net Profit Increases 

Key highlights (Consolidated, YoY)

  • Net Profit rises 23.7% to Rs 2,973 crore versus Rs 2,403 crore.

  • Gross NPA at 3.01% versus 3.09% (QoQ)

  • Net NPA at 0.18% versus 0.19% (QoQ)

  • Net Interest Income rises 2.9% to Rs 6,359 crore versus Rs 6,178 crore.

  • Operating Profit rises 6% to Rs 4,770 crore versus Rs 4,502 crore.

  • Provisions falls 13% to Rs 691 crore versus Rs 795 crore (QoQ).

  • Provisions falls 45% to 691 crore versus Rs 1,258 crore.

Stock Market Live: Reliance Infrastructure Assures No Impact Of ED Search At Anil Ambani's Premises

Reliance Infrastructure clarifies that recent ED-related reports have no impact on the company or its business operations.

Stock Market Live Update: Motilal Oswal Share Price Rises As Net Profit Rises 

Key highlights (Consolidated, YoY)

  • Net profit rises 30.8% at Rs 1,156 crore versus Rs 884 crore.

  • NII rises 22% to Rs 2,449 crore versus Rs 2,007 crore.

Stock Market Live: IEX Share Price Tanks Nearly 30% 

Indian Energy Exchange of India slumped 26.01% to Rs 139.02 a piece. The stock took a beating as Central Electricity Regulatory Commission phased a rollout of market coupling across India which may affect pricing power of IEX.

Stock Market Live Update: Zydus Lifesciences Gets US FDA Nod Leukemia Drugs

Zydus Lifesciences receives tentative approval from the US FDA for Ibrutinib tablets, used in the treatment of leukemia.
This marks a key step in expanding its oncology portfolio in the regulated markets.

Q1 Earning Update: Indoco Remedies Share Price Falls After Company Reports Loss 

Key highlights (Consolidated, YoY)

  • Revenue up 1.5% at Rs 438 crore versus Rs 431 crore

  • EBITDA down 63.4% at Rs 17.5 crore versus Rs 47.8 crore

  • Margin at 4% versus 11.1%

  • Net Loss of Rs 35.8 crore versus Profit of Rs 2.6 crore

Track live updates on Q1 earnings here.

Zensar Technologies Hopeful Of Modest Growth In Q2 Amid Global Challenges, Says MD Manish Tandon

Following a strong Q1 FY26 performance, Zensar Technologies remains cautiously optimistic about maintaining sequential growth in Q2 amid the challenging environment for IT companies.

Speaking to NDTV Profit on Wednesday, the IT solutions provider’s MD and CEO, Manish Tandon, acknowledged the challenging market environment influenced by global uncertainties and trade tensions

Also Read: Zensar Technologies Hopeful Of Modest Growth In Q2 Amid Global Challenges, Says MD Manish Tandon

Stock Market Live Update: Nestle India Share Price Falls As Net Profit Declines

Nestle India share price fell 2.14% to Rs 2,400 apiece as the company reported a 11.7% on-the-year to Rs 659.2 crore during April–June. High consumption prices impacted the quarter.

Stock Market Today: Most Stocks Of Anil Ambani Group Companies Decline 

Reliance Power and Reliance Infrastructure Ltd. shares declined after Enforcement Directorate conducted searches on premises of Anil Ambani's properties in Delhi and Mumbai.

Preliminary investigations revealed that there was a well-planned scheme was in place to divert public money, as per sources. Enforcement Directorate found illegal loan diversion of Rs 3,000 crore from Yes Bank between 2017-2019.

Also Read: Anil Ambani Faces ED Heat: Mumbai, Delhi Premises Searched Over Alleged Money Laundering

Stock Market Live Update: Lupin Gets FDA Approval For Diabetic Drugs 

Lupin receives US FDA approval for Liraglutide and Glucagon injection vials, expanding its diabetes care portfolio. Both drugs are used in the treatment and management of diabetic patients.

IPO Updates: NSDL IPO: NSE, IDBI Bank-Backed Issue To Open For Bidding On July 30

National Securities Depository (NSDL) has filed its red herring prospectus (RHP) with capital markets regulator Securities and Exchange Board of India (SEBI) to launch its initial public offering (IPO). The depository will launch its primary offering on July 30, 2025 (Wednesday) and the bidding for the issue shall close on August 01, (Friday).

Also Read: NSDL IPO To Open For Subscription On July 30: Issue Size To Key Dates—10 Things To Know From RHP

HSBC India July Flash Manufacturing PMI At 59.2 Vs 58.4 In June

  • HSBC India July Flash Manufacturing PMI At 59.2 Vs 58.4 In June

  • HSBC India July Flash Manufacturing PMI Rises To Highest Since Feb 2008

  • HSBC India July Services PMI At 59.8 Vs 60.4 In June

  • HSBC India July Flash Composite PMI At 60.7 Vs 61 In June

Source: Bloomberg

Stock Market Live Update: Delhivery Hits Highest Level Since May 18, 2024

Delhivery share price 1.18% to Rs 449.45 apiece, the highest level since May 18, 2024. The company has completed the acquisition of the remaining 21.12% stake in Ecom Express.

Stock Market Live Update: Thyrocare Technologies Hits Nearly Five-Year High 

Thyrocare Technologies share price jumped 12.64% to Rs 1,357.85 apiece, the highest level since Aug 13, 2021. The company reported a 61% on-the-year growth in its net profit for the first quarter.

Stock Market Live: Easy Trip Teams Up With Tumbuckdo To Make Travel Affordable For Students 

Easy Trip Planners signs MoU with Timbuckdo to enhance affordable and accessible travel options for students across India.

PTC India Share Price Gains As IEX Plummets: What's Behind This Energy Market Shakeup By CERC?

Shares of PTC India has surged almost 5% to Rs. 199.65 on intraday trade, as the company stands to benefit from the news of the Central Electricity Regulatory Commission (CERC) implementing market coupling for the Day Ahead Market (DAM) starting January 2026.

Read the full article here.

Stock Market Live Update: India VIX Falls Over 6%

The NSE India Volatility Index declined 6.16% to 9.87. The index rebounded to trade 0.71% higher at 10.59 as of 10:13 a.m.

Stock Market Live: Force Motors Hits Record High As Q1 Net Profit Rises 

Force Motors share price rose 1.97% to a life high of Rs 20,500 apiece. The company reported that its net profit advanced 52.4% on the year to Rs 176 crore versus Rs 116 crore.

Stock Market Today: Fortis Healthcare Hits New High As It Set To Manage Gleneagles Hospitals

Fortis Healthcare hit a new high in Tuesday's session as it set to manage Gleneagles Hospitals across India as a part of the collaboration with its parent. IHH Healthcare Berhad signed an operation and maintenance services agreement with Fortis Healthcare on Wednesday.

Fortis Healthcare share price rose 1.97% to a record high of 839.90 apiece.

IEX Share Price Locked In 10% Lower Circuit After CERC Approves Phased Rollout Of Market Coupling Move

Shares of Indian Energy Exchange Ltd., was locked in 10% lower circuit on Thursday after the Central Electricity Regulatory Commission has approved a phased rollout of market coupling across India’s power exchanges, beginning with three months of pilot run.

The decision shifts price-setting responsibilities from individual exchanges to a central body, a development that may hurt Indian Energy Exchange, which currently handles the bulk of trade volumes and plays a key role in price discovery.

Also Read: IEX Faces Setback By CERC's Market Coupling Move — How This Affects Shareholders

Stock Market Live: Infosys Share Price Falls Despite Q1 Profit Meet, Expected FY26 Guidance Increase

Shares of Infosys Ltd. edged 0.53% lower on Thursday despite the IT services major reporting first-quarter earnings that largely met market expectations and raised the lower end of its revenue guidance for the current fiscal year. The stock gained momentum following upbeat commentary from brokerages, which highlighted the company’s stable performance and potential for margin improvement.

Sectoral Performance At Open: Nifty IT Underperforms 

On National Stock Exchange, six sectoral indices declined, eight sectoral indices advanced, and one remained flat out of 15. The NSE Nifty IT underperformed, and the Nifty Pharma advanced the most.

Nifty Contributors: HDFC Bank, Eternal, Tata Consumer Support Gains 

HDFC Bank Ltd., Eternal Ltd., Tata Consumer Products Ltd., Tata Motors Ltd., and Dr. Reddy's Laboratories Ltd. added to the Nifty 50 index.

Reliance Industries Ltd., Infosys Ltd., ICICI Bank Ltd., Kotak Mahindra Bank Ltd., and Trent Ltd. weighed on the Nifty 50 index.

Stock Market Today: Nifty, Sensex Open Slightly Higher 

The NSE Nifty 50 and BSE Sensex opened slightly higher as HDFC Bank and Tata Consumer Products Ltd. supported the benchmark indices. The indices erased marginal gains and were trading 0.04% and 0.11% down, respectively as of 9:21 a.m.

Stock Market Today: Nifty, Sensex At Pre-Open 

At pre-open, the NSE Nifty 50 was trading 0.09% higher at 25,243.30, and the BSE Sensex was trading 0.08% higher at 82,789.23.

Yield On The 10-Year Bond Opens Flat

  • The 10-year bond yield opened flat at 6.36%

Source: Cogencis

Rupee Opens Stronger Against US Dollar

  • Rupee opened 8 paise stronger against US Dollar at 86.33

  • It closed at 86.41 a dollar on Wednesday.

Source: Cogencis

Infosys Q1 Results Review: Why Morgan Stanley Hiked Target Price — Should You Buy, Sell Or Hold?

Brokerages offered mixed views on Infosys Ltd. after the IT major reported its first-quarter results for the financial year ending March 2025, describing the performance as overall “balanced” despite strong deal wins and a slight upward revision to the lower end of its FY26 revenue guidance.

The Narayana Murthy-founded company witnessed 3% growth in revenue over the previous quarter at Rs 42,279 crore, according to an exchange filing.

Also Read: Infosys Q1 Results Review: Why Morgan Stanley Hiked Target Price — Should You Buy, Sell Or Hold?

Tata Group Deepens Focus On Semiconductors, Consumer Tech, EVs: Chairman Chandrasekaran

Tata Sons Chairman N Chandrasekaran said the group is focused on scaling manufacturing excellence across emerging sectors including semiconductors, electric vehicles, digital platforms, and financial services. In the company’s 2025 annual report, he outlined how the group is positioning itself for future growth through strategic investments and diversification.

Also Read: Tata Sons Chairman N Chandrasekaran Conferred UK Knighthood — Here's What He Said

Gold Prices Extend Losses To Second Day 

Gold prices in the international markets decline for a second session as risk-off sentiment weakened as US is sealing deals with trade partners before the Aug 1 deadline hits.

The Bloomberg spot gold was trading 0.06% down at $3,385.39 an ounce as of 8:23 a.m.

Also Read: Gold Declines, Silver Holds Steady — Check Rates In Delhi, Mumbai, Chennai, Bengaluru And Other Cities

IPO Update: Aditya Infotech Sets Price Band In Range Of Rs 640–675

Aditya Infotech set the price band for the initial public offer in the range of Rs 640–675 apiece.

Asia Market Update: Japan's Topix Hits Record High 

Japan's Topix index scaled a fresh high earlier on Thursday as positive sentiment continued to support the upward momentum in the Asian share indices.

Japan and US signed a trade deal on Wednesday in which the Asian country will face 15% tariff compared to 25% tariff imposed earlier. Tariffs on automobile sector also got reduced through the trade deal.

The Topix index rose 1.97% to a record high of 2,984.03. The index was trading 1.94% higher as of 7:58 a.m.

US Market Update: S&P 500 And Nasdaq 100 Futures Rise On Trade Deal Optimism

The S&P 500 and Nasdaq 100 futures rose in Asia session as optimism rose about the US striking a deal with more trade partners in coming future. President Donald Trump said that there will likely be discussion with the European Commission later on Thursday.

The S&P 500 and Nasdaq 100 futures were trading 0.14% and 0.42% higher, respectively as of 7:53 a.m. The Dow Jones Industrial Average future declined 0.21%.

Also Read: S&P 500 Halts Rally In Countdown To Tech Earnings : Markets Wrap

GIFT Nifty Implies Tepid Open; Dr. Reddy's Labs, Infosys, Tata Consumer Shares In Focus

The GIFT Nifty was trading 0.04% or 10 points down at 25,282.50 as of 6:41 a.m., which implied a flat open with negative bias.

Traders will monitor Infosys Ltd., Dr. Reddy's Laboratories Ltd., Bajaj Finance Ltd., and Tata Consumer Products Ltd. because of the first-quarter profit and loss statement releases. Multi Commodity Exchange of India, Natco Pharma Ltd., and Tanla Platforms will also be in focus.

The benchmark equity indices closed higher on Wednesday, led by shares of HDFC Bank Ltd. and ICICI Bank Ltd.

The NSE Nifty 50 ended 159 points or 0.63% higher at 25,219.90, while the BSE Sensex closed 539.83 points or 0.66% up at 82,726.64.

Also Read: Stock Market Highlights: Nifty, Sensex End Higher As HDFC Bank Leads Gains

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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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