KEY HIGHLIGHTS
-
Rupee Closes At Four-Month Low Against US Dollar
-
Q1 Earings Update: Varun Beverages Rises After Net Profit Increases In Second Quarter
-
Yield On The 10-Year Bond Opens Flat
-
Rupee Opens Weaker Against US Dollar
-
Varun Beverages, NTPC, Asian Paints, L&T Among 100 Companies To Declare Earnings On July 29
Market At Close: Nifty, Sensex Snap Three-Day Declining Streak
Nifty trades above 24,800 mark led by Realty and Pharma
Jio Financial, LT and Reliance Industries gain the most in Nifty.
Asian Paints gains nearly 2% post its Q1 results
Nifty close higher after falling for the last 3 straight sessions
All Sectoral Indices gain in trade barring Nifty Defence
Nifty gains more than 200 points from the day’s low
Nifty Realty gains more than 1.5% for the day, led by Oberoi Realty and Godrej Properties
Realty, Metal, Pharma and Oil and Gas gain more than 1% for the day.
Nifty Realty snaps 5-day losing streak, emerges as top gaining sector for the day.
Nifty Pharma gains for the 5th day in a row.
Nifty Oil and Gas, Financial Services and Nifty Bank snaps 3-day losing streak.
Nifty Metal, Auto, and PSU bank gains after losing for the last 2 sessions.
Nifty Media snaps 5-day losing streak.
Nifty FMCG gains for the second straight session.
Rupee Closes At Four-Month Low Against US Dollar
Rupee closed 15 paise weaker at 86.82 against US Dollar
It's the lowest close level since March 13
It closed at 86.67 a dollar on Friday
Source: Cogencis
Stock Market Today: Reliance Infra's JV MMOPL Gets 50% Of Award Amount From MMRDA
MMRDA deposits Rs 560 crore as 50% of the award amount in favour of JV MMOPL, as per Reliance Infrastructure Ltd.'s exchange filing.
Q1 Earnings Highlights: Varun Beverages Concall Highlights
Company ended quarter with a positive PAT growth, despite 3% decline in consolidated sales volumes
Varun Beverages Morocco has commenced commercial production of PepsiCo’s snacks product ‘Cheetos’
Although unseasonal rains have impacted performance during the quarter, we have successfully navigated such challenges in the past and emerged stronger
Robust capacities now operational
Well-positioned to capture emerging opportunities and drive sustainable, long-term value creation for all stakeholders
Peyush Bansal Values Lenskart At Over Rs 10,800 Crore Ahead Of IPO — Details Here
Peyush Bansal, Shark Tank judge and founder of eyewear company Lenskart Solutions Ltd., is looking to raise approximately Rs 2,837 crore, based on the most recent secondary market transaction he undertook with various investors.
The company has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for a fresh issue of Rs 2,150 crore and an Offer for Sale (OFS) of 13.22 crore shares. Based on the July 2025 secondary share transfer price of Rs 52 per share—between Bansal and other investors—the OFS is valued at Rs 688 crore.
IPO News: Aditya Infotech IPO Fully Subscribed On Day One — GMP Rises
Aditya Infotech Ltd.'s initial public offering was fully subscribed on the first day of bidding on Tuesday, led by demand from retail and non-institutional investors.
Stock Market Live Update: Craftsman Automation Share Price Falls After Q1
Craftsman Automation share price fell post Q1 results for FY26. The share price fell 1.22% at intraday.
Stock Market Live Update: Jubilant Pharmova Share Price Rises
Jubilant Pharmova share price spiked post Q1 results for FY26. The share price rose over 4.33% at intraday. The company reported a 9% spike in revenue.
Stock Market Live Update: Gateway Distriparks Share Price Rises As Net Profit Increases
Gateway Distriparks share price spiked post Q1 results for FY26. The share price rose over 7% at intraday. The company reported a 24% spike in net profit
Stock Market Live Update: Amber Enterprises Share Price Rises As Net Profit Increases
Amber Enterprises Q1 Highlights (Consolidated, YoY)
Revenue up 43.6% to Rs 3,449 crore versus Rs 2,401 crore.
Ebitda up 31% to Rs 257 crore versus Rs 196 crore.
Margin at 7.4% versus 8.2%.
Net Profit up 43.6% to Rs 104 crore versus Rs 72.3 crore.
Stock Market Live Update: Airtel Completes Investments In Aduna Global Holding
Bharti Airtel has completed its investment in Aduna Global Holding, acquiring nearly 5% membership interest.
Stock Market Live Update: Brigade Enterprises To Develop Two Residential Properties In Hyderabad
Brigade Enterprises signs joint development agreements for two residential projects in Hyderabad. The projects are expected to generate revenue exceeding Rs 970 crore.
Stock Market Today: Adani Power Share Price Rises As Board To Consider Stock Split
Adani Power Ltd. share price rose after the company said that the board will consider a stock split on August.
Q1 Earnings Update: Happiest Minds Share Price Rises As Net Profit Rises
Happiest Minds Q1 Highlights (Consolidated, QoQ)
Revenue up 1% to Rs 550 crore versus Rs 545 crore.
Ebit up 16.8% to Rs 71.7 crore versus Rs 61.3 crore.
Ebit Margin at 13% versus 11.3%.
Net Profit up 68% to Rs 57.1 crore versus Rs 34 crore.
Q1 Earnings Update: Strides Pharma Rises After First-Quarter Results
Strides Pharma Q1 Highlights (Consolidated, YoY)
Revenue up 6.2% to Rs 1,120 crore versus Rs 1,054 crore.
Ebitda up 14.7% to Rs 218 crore versus Rs 190 crore.
Margin at 19.5% versus 18%.
Net Profit down 97% to Rs 99.6 crore versus Rs 3,351 crore.
Stock Market Today: AIA Engineering To Discontinue Manufacturing Operations At Nagpur Unit
AIA Engineering to discontinue manufacturing operations at its Nagpur unit. The shutdown aims to boost productivity and logistics without impacting overall business operations.
Stock Market Live Update: Welspun Corp Revises Spiral Pipe Order
Welspun Corp has revised its coated spiral pipe order to Rs 735 crore. The company’s consolidated order book now stands at Rs 19,000 crore.
Q1 Earings Update: Varun Beverages Rises After Net Profit Increases In Second Quarter
Varun Beverages share price rose 1.26% to Rs 492.90 apiece after the company reported an increase of 5.1% in its consolidated net profit
Before earnings are here, it's on NDTV Profit's earnings blog. Click here for faster updates.
Tata Chemicals Shares Surge Over 5% As Morgan Stanley Ups Rating And Target Price
Shares of Tata Chemicals Ltd. rallied 5.21% on Tuesday, buoyed by a bullish outlook from Morgan Stanley, which upgraded the stock to ‘Overweight’ from ‘Underweight’ and raised its target price by over 34% to Rs 1,127 from Rs 839.
The global brokerage cited multiple tailwinds for the company, including a recovery in earnings, operational turnaround in overseas units, and easing capital expenditure pressures.
Stock Market Live Update: Waaree Energies Share Price Surges Over 5% On Strong Q1 Results
Shares of Waaree Energies Ltd. surged over 5% on Tuesday after the company reported its first-quarter results for fiscal 2025-26. The company reported a rise of 89% in consolidated net profit to Rs 745 crore, compared to Rs 394 crore in the corresponding period last year.
IPO News: Lenkart Aims To Raise Rs 2,150 Crore Via Primary Market
Lenskart aimed to raise Rs 2,150 crore via its initial public offer. It has filed draft red herring prospectus to offer 26.3 crore shares. Out of the total offer 13.2 crore shares are part of the offer for sales.
Stock Market Live Update: Torrent Pharma Hits Fresh High As Citi Research Hikes Target Price
Torrent Pharmaceuticals share price rose to a record high as Citi Research hiked target price to Rs 4,380 from Rs 4,000.
Stock Market Live Update: Bharat Electronics Share Price Falls
Bharat Electronics share price declined 2.89% to Rs 378 apiece. It was trading 0.82% down at Rs 386.15 apiece as of 9:51 a.m.
Stock Market Live Update: Morgan Stanley On Tata Chemicals
Upgrade to Overweight from Underweight; Hike target price to Rs 1,127 from Rs 839
Earnings trough now behind us
Benefit from higher volumes from expanded capacities in India
See turnaround in UK operations evidenced in Q1
See stronger contribution from Rallis as the global agri-cycle normalises
Peak capex for Tata Chemical is now behind us
China soda ash prices are near cycle troughs
Stock Market Today: Mazagon Dock Share Price Hits Over Three-Month Low
Mazagon Dock Shipbuilders Ltd. share price slumped 5.16% to Rs 2,645.90 apiece, the lowest level since April 25. It was trading 4.08% down at Rs 2,676.10 apiece as of 9:28 a.m., as compared to 0.01% advance in the NSE Nifty 50 index.
Sectoral Performance At Open: Nifty Defence Underperforms
On National Stock Exchange Ltd., five sectoral indices declined, six advanced, and four remained flat out of 15. The NSE Nifty Defence declined the most, and the NSE Nifty Oil & Gas rose the most.
Nifty Detractors: Infosys, HDFC Bank Weigh Most
Infosys Ltd., HDFC Bank Ltd., ICICI Bank Ltd., Bharat Electronics Ltd., and Eternal Ltd. weighed on the Nifty 50 index.
Reliance Industries Ltd., Kotak Mahindra Bank Ltd., Jio Financial Services Ltd., JSW Steel Ltd., and Sun Pharmaceutical Industries Ltd. added to the Nifty 50 index.
Stock Market Open: Nifty, Sensex Extend Losses As ICICI Bank Drags
The NSE Nifty 50 and BSE Sensex extended losses to a fourth day as ICICI Bank and Infosys Ltd. shares dragged. The indices were trading 0.07% and 0.14% down, respectively as of 9:21 a.m.
Radico Khaitan Rated New 'Buy' At CLSA — 16% Upside Seen
CLSA has initiated coverage on Radico Khaitan, one of India’s leading spirits manufacturers, with an ‘Outperform’ rating and a target price of Rs 3,098, implying a potential upside of 16% from current levels. The firm sees Radico as a robust long-term premiumisation play in India’s evolving alcoholic beverages market.
“Radico Khaitan is the leading manufacturer of white spirits (vodka, gin etc) in India and is building a portfolio of premium and luxury brands across the spirits categories,” CLSA said in its initiation note.
Yield On The 10-Year Bond Opens Flat
The 10-year bond yield opened flat at 6.38%
Source: Bloomberg
Rupee Opens Weaker Against US Dollar
Rupee opened 16 paise weaker at 86.83 against US Dollar
It's the lowest level since June 19
It closed at 86.67 a dollar on Friday
Source: Cogencis
Varun Beverages, NTPC, Asian Paints, L&T Among 100 Companies To Declare Earnings On July 29
At least 100 companies are set to report their Q1FY26 financial results on July 29. These earnings will reflect the financial performance of these companies for the April-June period. It will be their first quarterly update for FY2025-26.
Some of the prominent names include NTPC, Asian Paints, Bank of India, Blue Dart Express, among companies spread across different sectors. In the upcoming results, investors and analysts will focus on key financial metrics, including revenue, profit, and margins. These figures will offer insights into consumption trends, sectoral performance and overall economic health of India.
Jane Street To Argue That Retail Demand Drove Its India Trades
Jane Street Group LLC is expected to argue that its controversial Indian options trades were a response to outsized demand from retail investors, people familiar with the matter said.
The trading giant has been working on its defense against market manipulation allegations from the Securities and Exchange Board of India. The regulator in early July alleged Jane Street had taken large positions that artificially influenced prices in the country’s stock and futures markets, moving them in favor of its options bets on multiple days.
Stock Market Live Update: Deepak Fertilisers' Arm To Raise Gopalpur TAN Project Cost To Rs 2,675 Crore
Deepak Fertilisers' subsidiary has revised the cost of its Gopalpur Technical Ammonium Nitrate (TAN) project to Rs 2,675 crore, up from the earlier estimate of Rs 2,223 crore. The increase is attributed to geopolitical challenges and consequent rises in material and other input costs.
IEX Shares Downgraded At Bernstein Over CERC's Market Coupling Move, 29% Downside Seen
Bernstein has downgraded Indian Energy Exchange (IEX) to Underperform and set a target price of Rs 99 per share, implying a 29% downside from Monday’s close. The brokerage cited regulatory risks from market coupling as more severe than previously anticipated.
Bharat Electronics Q1 Review: Analysts Cheer Strong Order Book
Bharat Electronics Ltd.'s expansion in operating margin in the first quarter of the current fiscal and a strong order book have kept analysts bullish on the stock.
JPMorgan said the muted revenue growth, which missed estimates, is not a concern, as it is primarily impacted by fluctuations in product delivery rather than underlying business performance.
Stock Market Today: Brokerages On IndusInd Bank
Citi Research On IndusInd Bank
Maintain Sell with a target price of Rs 765
Earnings Reset in Progress; Eyes on CEO Appointment
Slippages normalized after one-offs in 1Q, though remains elevated
See weaker growth and higher credit cost, partially offset by better NIM and treasury gains
Cut earnings lower by 2-3% for FY26E/FY27E
Upcoming trigger will be CEO announcement and strategic roadmap under new leadership
Morgan Stanley On IndusInd Bank
Maintain Underweight with a target price of Rs 750
Q1: NII beat; Fee income miss
Core PPoP, excluding IT refund and others, was 11% below estimates
Slippages remained high at 3% of loans, as did credit costs
Have reduced earnings by 15-20% in FY26-28
Expect FY26 to be very weak with RoA of 0.6%, with a gradual recovery in FY27/FY28 to 0.8%/1%
Oil Prices Rise For Second Day As US Asks Russia To End Hostility In Ukraine
Oil prices extended gain to a second day after US President Donald Trump warned of a secondary sanction in case Moscow does not end hostility inside Ukraine. Trump would likely impose a 10–12 days of deadline.
The Brent crude's October future contract was trading 0.30% down at $69.36 a barrel.
Asia Market Update: Nikkei 225, KOSPI Trade Lower
Markets across Japan, South Korea, and Australia were trading lower as market participants await more details on US and China trade negotiations. Further, they also await the outcome of the US Federal Reserve's policy meeting, scheduled for release on Wednesday.
The Nikkei 225 and TOPIX were trading 0.81% and 0.82% down, respectively as of 7:00 a.m. The KOSPI and S&P ASX 200 were trading 0.06% and 0.23% down, respectively.
US Market Update: S&P 500 And Nasdaq 100 Futures Advance On Trade Optimism
Most US futures were trading higher in Asia session as trade optimism continued to fuel risk-on sentiment. The S&P 500 and Nasdaq 100 futures were trading 0.07% and 0.21% higher, respectively as of 6:55 a.m.
GIFT Nifty Implies Tepid Open; GAIL, IndusInd Bank, Mazagon Dock, NTPC Green In Focus
The GIFT Nifty was trading 0.04% or 10 points higher at 24,660 as of 6:32 a.m., which implied a tepid start for the benchmark index.
Gail (India) Ltd., IndusInd Bank Ltd., Mazagon Dock Shipbuilders Ltd., and NTPC Green Energy Ltd. shares were in focus because of the first-quarter earnings.
India's benchmark equity indices extended their decline to the third day as weak first-quarter results from Kotak Mahindra Bank Ltd. weighed the most.
The NSE Nifty 50 settled 156.1 points or 0.63% lower at 24,680.9, while the BSE Sensex shed 572.07 points or 0.7% to close at 80,891.02.
RECOMMENDED FOR YOU
Stock Market Today: Nifty Ends Below 24,700, Sensex Slumps Over 500 Points In Third Consecutive Day Of Decline
Jul 28, 2025
Stock Market Today: Sensex, Nifty End Lower As RIL, HDFC Bank Drag; Earnings Volatility Weighs
Jul 24, 2025
Stock Market Today: Nifty, Sensex End Flat; Eternal, ICICI Bank Contribute The Most
Jul 22, 2025
Stock Market Today: Nifty, Sensex Snap Two-Day Declining Streak As HDFC Bank And ICICI Bank Rise
Jul 21, 2025
POPULAR