KEY HIGHLIGHTS
Market At Close: Nifty, Sensex Extend Losses To Third Day
Nifty IT recovered 1% from the day low, after falling 1.6% for the day.
Wipro and TCS fell the most in the Nifty IT.
TCS fell nearly 2% for the day, after it cut 12,000 jobs amid demand slump.
Nifty IT extended losses for the 3rd consecutive day.
LTIMindtree, HCL Tech, TCS and Wipro fell more than 1% in Nifty IT
Benchmarks outperformed Broader Market Indices.
Nifty extends its decline for the 3rd consecutive day.
Kotak Mahindra Bank, Bajaj Finance and Wipro fell the most in Nifty.
Nifty Midcap 150 decline for the 3rd consecutive day.
SBI Cards, Godrej Properties and Suzlon Energy fell the most in Nifty Midcap 150.
All sectoral indices ended in red barring Nifty FMCG and Pharma.
Nifty Realty emerges as Top losing sector for the day, drags by Godrej Properties and DLF.
Nifty Pharma gains for the 4th consecutive day.
Nifty FMCG snaps 6-day losing streak.
Nifty oil and Gas, Nifty Bank fell for the 3rd consecutive day.
Nifty Auto, Metal, PSU Bank fell for the 2nd consecutive day.
Nifty Financial services fell for the 3rd consecutive day.
Nifty Media and Realty fell for the 5th consecutive day.
Rupee Closes Weaker Against US Dollar
Rupee closed 16 paise weaker at 86.67 against US Dollar
It closed at 86.51 a dollar on Friday
Source: Cogencis
AI Vs Indian IT: After TCS Layoffs Trigger 'Wake Up' Call, This Market Expert Eyes Potential Opportunity
Indian information technology (IT) players including Tata Consultancy Services (TCS), Infosys, Tech Mahindra, Wipro, among several others, have fast begun to adopt the advent of artificial intelligence (AI) into their operational and business models. However, AI, with its many advantages, has thrown a few curveballs which has challenged the domestic landscape. The word on the Street —layoffs and cost-cutting.
Adani Ports Gets 28% Target Price Hike From Cantor Fitzgerald On Initiation
Cantor Fitzgerald, a US-based brokerage has initiated coverage on Adani Ports and Special Economic Zone with an 'Overweight' rating, setting a target price of Rs 1,780 per share. This target implies a 28% upside. The brokerage highlights the company's positioning to capitalize on India's underdeveloped trade infrastructure, its solid financial track record, and expansion plans across ports, logistics, and marine services as key drivers for this positive initiation.
Stock Market Live Update: UPL's Right Issue Committee Approves Final Call On Price
The Rights Issue Committee of UPL Ltd. has approved the final call on the rights issue. The issue price has been set at Rs 180 per share.
IndusInd Bank Sees Shareholding Pattern Change
Battling crisis after crisis, IndusInd Bank Ltd. has seen investor interest swing between foreign and domestic institutions in the last 12 months. What began as a seemingly isolated derivatives trading discrepancy snowballed into a multi-layered crisis involving leadership resignations, forensic investigations, insider trading probes, and a growing trust deficit.
BEL Share Price Falls Ahead Of Q1 Earnings Release
Bharat Electronics Ltd.'s share price was trading lower in Monday's session as market participants awaited its first-quarter earnings. The company's net profit is expected to rise 18.9% on the year to Rs 905.6 crore during the first quarter of the current financial year, according to Bloomberg estimates.
Q1 Earnings: Nippon India Share Price Declines
Nippon Life Q1 Earnings Key Highlights (Consolidated, QoQ)
Total Income rose 25.7% to Rs 753 crore versus Rs 599 crore
Net Profit rose 32.7% to Rs 396 crore versus Rs 299 crore
Stock Market Live Update: Petronet LNG Analyst Meet Key Takeaways
Expect good demand for gas, which is expected to grow at 6-7% in the coming years
Expanding its infra–regas capacities, tanks, jetty, new green field LNG terminal in East Coast
For Small scale LNG, tied up with IOCL and have setup 4 stations, near commissioning now
Will setup a company-owned, company-operated LNG station in Kochi
Target Rs 100000 cr of turnover in 5-year time with Rs 10000 cr PAT
Tariff increases of 5% are assured till the contract is in place
In discussion with the off-takers, as it still has one of the lowest regas tariffs
Volumes have improved as of Q2FY26
NSDL IPO: Latest GMP Signals Over 17% Listing Gain, Check Key Details
The initial public offering (IPO) of National Securities Depository Ltd. (NSDL) is set to open for subscription on Wednesday, July 30. The company, a SEBI-registered Market Infrastructure Institution (MII), is preparing to make its debut on the BSE.
Stock Market Live Update: Mold-Tek Packaging
Mold-Tek Packaging Q1 Highlights (YoY)
Revenue up 22.3% to Rs 241 crore versus Rs 197 crore.
Ebitda up 31% to Rs 46.8 crore versus Rs 35.7 crore.
Margin at 19.4% versus 18.2%.
Net Profit up 35.5% to Rs 22.4 crore versus Rs 16.5 crore.
Stock Market Live Update: Vijay Diagnostic Share Price Rises After Net Profit Increases
Vijaya Diagnostic Q1 Highlights (Consolidated, YoY)
Revenue up 20.4% to Rs 188 crore versus Rs 156 crore.
Ebitda up 20.1% to Rs 73.5 crore versus Rs 61.2 crore.
Margin flat at 39.1%.
Net Profit up 22.4% to Rs 38.3 crore versus Rs 31.3 crore.
Stock Market Live Update: Marine Electricals Gets Order Worth Rs 28 Crore
Marine Electricals has secured a Rs 28 crore order from Core Greentech LLP for the supply and commissioning of a power distribution system. The project reinforces the company’s position in the energy infrastructure segment.
Stock Market Live Update: Capital India Finance Approves NCD Allotment
Capital India Finance has approved the allotment of Non-Convertible Debentures worth Rs 50 crore.
Stock Market Today: Nifty, Sensex Trade Near Day's Low
The NSE Nifty 50 and BSE Sensex were trading near day's low. The indices declined 0.58%, respectively as of 1:12 p.m.
Stock Market Live Update: Arvind SmartSpaces Share Price Rises As Net Profit Increases
Arvind SmartSpaces Q1 Highlights (Consolidated, YoY)
Revenue up 36.6% to Rs 102 crore versus Rs 74.5 crore.
Ebitda at Rs 21.5 crore versus Rs 9.1 crore.
Margin at 21.1% versus 12.3%.
Net Profit at Rs 11.2 crore versus Rs 2.9 crore.
For faster updates on Q1 earnings, click here.
Stock Market Live Update: SpiceJet To Induct Boeing 737 Aircrafts
SpiceJet Ltd. has finalized a lease agreement to induct five Boeing 737 aircraft under a damp lease arrangement, with deliveries expected in October 2025. The airline is also in active discussions with additional lessors to further expand its fleet capacity.
Stock Market Live Update: Infosys Share Price Hits Three-Month Low
Infosys share price declined 2.19% to Rs 1,482.50 apiece, the lowest level since April 29. The share price was trading 0.74% down at Rs 1,504.80 apiece as of 11:35 a.m. as compared to 0.07% decline in the NSE Nifty 50 index.
Stock Market Today: Petronet LNG Concall Highlights
Do Not See Risk From Geopolitical Side On Long-Term LNG Costs
Expect Demand Recovery In Next Quarter
Demand Recovered Sequentially By 7% In Q4 FY25
Fourth quarter Overall Throughput From Dahej LNG Terminal rose 10% (QoQ)
Difference In Long-Term, Spot Prices Drag Overall Demand
BPCL Major Buyer Of LNG From Kochi Terminal; GAIL, IOC To Be The Next
Stock Market Live Update: SBI Cards & Payment Hit Nearly Four-Month Low
SBI Cards And Payment share price declined 6.58% to Rs 830 apiece, the lowest level since April 9. It was trading 4.69% down at Rs 848.55 apiece as of 11:29 a.m.
Indian IT Industry Could See 1-3 Lakh Layoffs On AI Reset | Open Interest
It has been a season of earnings disappointment for Indian IT companies. Revenues have fallen short of expectations, margins are under pressure, profitability has declined, and—above all—employee utilisation levels are lower at the end of the quarter.
Stock Market Live Updates: Balkrishna Industries Q1 FY26 Conference Call
Complete normalcy on tariffs will happen once final tariff rate is there
Rubber prices have started to inch up again
Current 10% US tariff shared by customers and us
Current sentiment and economic environment is weak in Europe
Stock Market Live Updates: Vinati Organics Reports Employee Death At Manufacturing Unit
Vinati Organics has reported the unfortunate demise of an employee due to an accident at its manufacturing facility in Maharashtra. The company confirmed that adequate insurance coverage is in place.
Stock Market Live Update: Airtel's Nxtra In Pact With Ampin Energy
Nxtra by Airtel has signed an agreement with Ampin Energy for the additional supply of 205,167 MWh of solar-wind hybrid energy. The energy will be sourced from inter-state transmission system-connected renewable plants.
Stock Market Live Update: Amber Enterprises's Arm In Pact With Unitronics
Amber Enterprises' subsidiary IL JIN Electronics has signed a definitive agreement to acquire a controlling stake in Israel-based Unitronics. The deal aims to leverage IL JIN’s electronic manufacturing capabilities to boost Unitronics’ operational synergies.
Stock Market Today: NIBE Teams Up With Elbit Systems To Enable Manufacture & Supply Rocket Launcher
Nibe Ltd. has entered into a technology collaboration agreement with Elbit Systems. The pact enables the manufacturing and supply of a Universal Rocket Launcher in India.
Stock Market Live: Shriram Finance Share Price Rises As Board To Consider Fundraise
Shriram Finance Ltd.'s share price advanced in Monday's session in contrast to most large-cap stocks on National Stock Exchange. The board of the company will consider raising funds via non-convertible debentures via private placement basis.
Lodha Share Price Hits Lowest Level Since April 15
Lodha Developers Ltd. share price fell to the lowest level in over three months despite posting good numbers for first-quarter earnings.
Stock Market Today: Nifty, Sensex Erase Losses
The NSE Nifty 50 and BSE Sensex bounced back from opening lows as HDFC Bank Ltd. and ICICI Bank Ltd. share prices led.
SRF, Alembic Pharma, Punjab & Sind Bank — Last Day To Buy Shares To Qualify
Shares of SRF Ltd., Alembic Pharmaceuticals Ltd., Punjab & Sind Bank Ltd. and nine other companies will be of interest on Monday, as it marks the last session for investors to buy shares to qualify for receiving the dividend before the stock goes ex/record-date.
US-EU Trade Deal: Tata Motors, Bharat Forge, Sona BLW Seen To Benefit
A trade deal between the United States and the European Union that standardises tariffs will benefit Indian auto and auto ancillary companies like Tata Motors Ltd. and Sona BLW Precision Forgings Ltd., with a presence in the two markets.
As per the deal announced on Sunday, the EU will face 15% tariffs on most of its exports while it has agreed to purchase vast amounts of US energy and military equipment, besides investing $600 billion in the country.
Kotak Mahindra Bank, IDFC First, Bank of Bardo Share Prices Fall On Weak Q1 Earnings, Drag Nifty Bank Lower
The Nifty Bank Index opened 0.61% weaker on Monday underperforming Nifty 50 which fell 0.42%, as subdued earnings from Kotak Mahindra Bank, IDFC First Bank, and Bank of Baroda cast a shadow over investor sentiment.
The trio of results revealed a common thread of margin compression, rising provisions, and deteriorating asset quality, factors that dragged the index lower in early trade.
Stock Market Live Update: Aadhar Housing Share Price Hits Record High
Aadhar Housing Finance Ltd. share price jumped 8.28% to a record high of Rs 537.50 apiece. The stock price was trading 5.76% higher at Rs 532.25 apiece as of 9:32 a.m., as compared to 0.06% decline in the NSE Nifty 50 index.
Stock Market Today: Kotak Mahindra Bank Share Price Falls After Lackluster Q1 Results
Kotak Mahindra Bank Ltd.'s share price declined 5.58% on Monday after bank reported weak first quarter results for financial year 2026 over the weekend.
Stock Market Live Update: TCS Share Price Declines On Company's Layoff Plans
Shares of Tata Consultancy Services came under pressure on Monday after the company announced plans to reduce its workforce by 2%, impacting over 12,000 employees.
Sectoral Performance At Open: Nifty Auto Advances Most
On NSE, nine sectoral indices declined, four advanced, and two remained flat out of 15. The NSE Nifty 50 Auto advanced the most, while the NSE Nifty IT declined the most.
Nifty Detractors: Kotak Bank, Infosys Weigh Most
Kotak Mahindra Bank Ltd., Infosys Ltd., Bharti Airtel Ltd., Tata Consultancy Services Ltd., and Reliance Industries ltd. weighed on the index.
ICICI Bank Ltd., Tata Motors Ltd., HDFC Bank Ltd., UltraTech Cement Ltd., and Tata Steel Ltd. added to the Nifty 50 index.
Market Open: Nifty, Sensex Decline
The NSE Nifty 50 and BSE Sensex declined as Kotak Mahindra Bank Ltd., Infosys Ltd., and Bharti Airtel Ltd. shares weigh on the index.
Stock Market Today: Nifty, Sensex Fall At Pre-Open
At pre-open, the NSE Nifty 50 was trading 0.24% down at 24,782.45, and the BSE Sensex was trading 0.22% down at 81,286.58.
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 at 86.47 against US Dollar
It closed at 86.51 a dollar on Friday
Source: Cogencis
NSDL IPO Opens On July 30: Latest GMP Indicates 17% Premium, Check Price Band And Other Key Details
National Securities Depository Ltd. (NSDL) is set to launch its initial public offering (IPO) next week. NSDL is the first and largest securities depository in India. It was established in August 1996.
Ahead of the opening of the much-anticipated IPO, the grey market premium (GMP) for the mainboard issue indicated a listing gain of almost 17% over the issue price.
IPOs: GNG Electronics To List On Exchanges Today; GMP Shows Over 39% Listing Gains
The initial public offering (IPO) of GNG Electronics Ltd. saw strong investor interest on its final day of subscription on July 25. The mainboard IPO was overall subscribed 147.93 times on Friday, as per the NSE data.
The Rs 460.43-crore IPO received applications for more than 209.89 crore shares against nearly 1.42 crore shares available for bidding.
TCS Layoffs — Investec Says 'No Worries', But Citi Disagrees
Tata Consultancy Services has decided to cut 2% of its workforce, impacting over 12,000 employees. Two leading brokerages, Investec and Citi, agree on one thing: this move is not about artificial intelligence replacing jobs but a reset to align with evolving business needs.
The layoffs, focused on middle and senior management, are part of TCS’s broader “Project Fluidity” initiative aimed at enhancing agility and preparing for AI-led transformation. The company has clarified that the decision stems from skill mismatches and ineffective redeployment, not cost-cutting or automation.
Oil Prices Rise On Optimism Over International Trade
Oil prices advanced on optimism after the European Union and the US reached a deal. Moreover, market participants now await US and China trade talks, scheduled for later today.
The brent crude was trading 0.30% higher at $67.86 a barrel as of 7:53 a.m.
Asia Market Update: Mixed As Traders Focus On US–China Talks
Markets in Asia-Pacific region were trading on a mixed note as market participants await more details on the US and China trade talks. The Nikkei 225 was trading 0.77% down, while the Hang Seng advanced 0.55% higher.
US Market Update: Dow Jones And S&P 500 Futures Rise As EU Reaches A Deal With US
The Dow Jones Industrial Average and S&P 500 futures advanced in Asia session on optimism after European Union reached a deal with the US. The tariff on the bloc has come down to 15%.
The Dow Jones Industrial Average and S&P 500 futures were trading 0.33% and 0.40% higher, respectively as of 7:51 a.m.
GIFT Nifty Implies Positive Open; Kotak Bank, SAIL, Tata Chemical In Focus
The GIFT Nifty was trading 0.07% or 17 points higher at 24,832.00 as of 6:53 a.m., which implied a higher open for the benchmarks.
Traders will likely keep an eye on SBI Cards And Payment Services Ltd., Steel Authority of India, Kotak Mahindra Bank Ltd., Tata Chemicals Ltd. as these companies released their first-quarter earnings over the weekend.
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