Stock Market Today: Nifty, Sensex End Lower After Trump Tariffs Hit Sentiment; RIL, HDFC Bank Drag

Nifty, Sensex Today: Catch all live updates on Indian stock markets here on July 31. Stocks are reacting to Donald Trump's 25% tariff on India.

India-US trade tensions have weighed on the Nifty, Sensex and rupee. (Photo: NDTV Profit)

NSE Nifty 50 and BSE Sensex ended lower after gaining for the last two sessions. Thursday was marked by high volatility after Trump's 25% tariff on India.
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USD Vs INR Live: Rupee Closes Weaker Against US Dollar 

  • Rupee closed 17 paise weaker at 87.60 against US Dollar.

  • Rupee loses 2.15% in value against US dollar in July

  • Rupee posts third consecutive month of decline

  • July 2025 was rupee's worst month since September 2022

Source: Cogencis

Stock Market Live: Nifty, Sensex End Lower At Closing Bell

Key Highlights

  • Benchmarks end lower after gaining for the last two sessions.

  • Benchmarks Indices slightly Outperformed Broader Market Indices.

  • Nifty fell 200 points from the day’s high.

  • Nifty faces volatile trading day on Monthly expiry.

  • 38 out of 50 stocks decline in Trade.

  • Nifty Midcap fell nearly 1% for the day, drag by Indus Towers and IPCA Labs.

  • Nifty Smallcap 250 fell 1% for the day, drag by Apar Industries and Aarti Industries.

  • All sectoral indices loses in trade barring Nifty FMCG and Media.

JSW Steel Share Price Live: Stock Up After Relief From Supreme Court

Stock Market Live: Big Relief For JSW Steel

Supreme Court has withdrawn its May 2 decision to reject the liquidation of Bhushan Power and Steel and the acquisition scheme of JSW Steel.

The top court has admitted review petition by JSW Steel to hear the matter on Aug. 7.

Maruti Suzuki Q1 Live: Profit Beats Estimates

Maruti Suzuki Ltd. reported a modest rise in standalone net profit in the first quarter of fiscal 2026, which beat street expectations on the back of higher other income.

Non-core income was Rs 1,823 during the quarter, compared to Rs 975 crore.

Maruti Suzuki Q1 Highlights (Standalone, YoY)

  • Revenue up 8.1% to Rs 38,414 crore versus Rs 35,531 crore. (Bloomberg estimate: Rs 36,371 crore)

  • Net Profit up 2% to Rs 3,712 crore versus Rs 3,6450 crore. (Estimate: Rs 3,075.8 crore)

  • Ebitda down 11% to Rs 3,995 crore versus Rs 4,502 crore (Estimate: Rs 3,798.5 crore)

  • Margin at 10.4% versus 12.7% (Estimate: 10.4%).

Also Read: Maruti Suzuki Q1 Results: Net Profit Beats Estimates On Higher Other Income

Vedanta Q1 Results: Dip In Revenue, Profit

Vedanta Q1 Highlights (Consolidated, QoQ)

  • Revenue down 6.5% at Rs 37,824 crore versus Rs 40,455 crore.

  • Ebitda down 13.5% at Rs 9,918 crore versus Rs 11,466 crore.

  • Margin at 26.2% versus 28.3%.

  • Net Profit down 8.6% at Rs 3,185 crore versus Rs 3,483 crore.

Also Read: Vedanta Q1 Results: Profit Declines 9%, Revenue Down 6.5%

Ambuja Cements Q1 Results Live: Profit, Revenue Rises

Ambuja Cements Q1 Highlights (YoY)

  • Revenue up 21.7% at Rs 5,521 crore versus Rs 4,538 crore.

  • Ebitda up 38.9% at Rs 878 crore versus Rs 632 crore.

  • Margin at 15.9% versus 13.9%.

  • Net Profit up 50.8% at Rs 855 crore versus Rs 567 crore.

Also Read: Q1 Result Updates: Policy Bazaar Profit Slides; Eicher Motors Profit Meets Estimates

Q1 Results Live: Sun Pharma Profit Down 19% On Exceptional Item

Sun Pharma Q1 Highlights (Consolidated, YoY)

  • Revenue up 9.5% at Rs 13,851 crore versus Rs 12,653 crore.

  • Ebitda up 11.3% at Rs 4,073 crore versus Rs 3,658 crore.

  • Margin at 29.4% versus 28.9%.

  • Net Profit down 19.6% at Rs 2,279 crore versus Rs 2,836 crore.

There was an exceptional loss in the quarter of Rs 818 crore.

Also Read: Q1 Result Updates: Policy Bazaar Profit Slides; Eicher Motors Profit Meets Estimates

Stock Market Live: Nuvama Wealth Management Share Prices Declines 

Nuvama Wealth Management Ltd.'s share price declined 3.68% on Thursday as the IT Department conducted searches at multiple locations of the company.

Stock Market Live: Ambuja Cement Share Price Spikes 

Ambuja Cement share price spiked post the company reporting their first quarter earnings. The company's net profit rose 50.8% in first quarter results.

Stock Market Live: TVS Motors Share Price Spikes 

TVS Motors share price spiked past 1.8% after the company reported its first quarter earnings for financial year 2026. Net Profit for the company rose 34.85%.

Stock Market Live: Nifty Spikes Above 24,900, Recovers Past Opening Losses

Benchmark Nifty 50 crosses 24,900 mark to hit 24,932 at intraday as it recovered the early trade losses. The market appeared spooked at opening bells following Trump's 25% tariff announcement on India but later recovered losses and held steady.

Stock Market Live: Jubilant Ingrevia Share Price Spikes After Earnings

Nifty Today Live: Index Recovers Almost 300 Points From Low

The NSE Nifty 50 recovered from the session's low of 24,635 to trade as high as 24,928. That's a jump of 293 points.

The BSE Sensex jumped 1,000 points from the day's low to 81,986.

Sri Lotus Developers IPO Live: Subscription Day Two

The Sri Lotus IPO has been subscribed 5.89 times as of 12:24 p.m. on Thursday.

  • Qualified Institutions: 5.39 times

  • Non-Institutional Buyers: 7.76 times.

  • Retail Investors: 5.39 times

  • Portion reserved for employees: 4.57 times.

Also Read: Brigade Hotel Ventures Lists At 11% Discount Over IPO Price

Stock Market LIVE: Pre-Result Movement In Coal India, Maruti Suzuki, Swiggy

Coal India, Maruti Suzuki, Adani Enterprises, Eicher Motors and Sun Pharma shares are down ahead of their Q1 results. Swiggy is up.

Stock Market LIVE: Nifty, Sensex Reverse Losses, Trade In Green

After nearly a percentage point decline at market open, both Nifty and Sensex clawed back to trade in green past noon.

Key Points:

  • Nifty recovers 230 points from day's low, trades in green.

  • Market pare early losses, HUL, ICICI Bank lead recovery in Nifty.

  • Nifty advance-decline ratio even split, 24 advance, 24 decline with 2 unchanged.

  • Sectoral indices trade mixed; Bank, Defence, FMCG trade in green.

  • Nifty FMCG top sectoral gainer; HUL, Godrej Consumer lead gains.

Stock Market LIVE: Nifty, Sensex Nearly Recover To Trade Flat

Nifty and Sensex staged a notable comeback just past noon. The indices nearly gave up their losses to trade flat.

Stock Market LIVE: Nifty, Sensex Off Session Lows At Noon As Volatility Eases

  • Nifty down 0.3% at 24781

  • Sensex down 0.3% at 81,226

  • Nifty Bank down 0.35%

  • Nifty IT down 0.6%

  • India VIX up 5.5%

  • RIL, Bharti Airtel, HDFC Bank top draggers

  • Nifty Midcap 150 down 0.9%

  • Nifty Smallcap 250 down 0.6%

Stock Marlet Live: NSDL IPO Subscription Status

The NSDL IPO has been subscribed 2.8 times as of 11:40 am. on Thursday.

  • Qualified Institutions: 1.07 times.

  • Non-Institutional Buyers: 4.98 times.

  • Retail Investors: 2.77 times.

  • Portion reserved for employees: 5 times.

The grey market premium for NSDL IPO was Rs 131, as of 11:00 a.m. on July 31, according to InvestorGain. That implies a potential listing at around Rs 931 per share, marking a premium of 16%.

Trump Tariff Live Updates: Petroleum Ministry Evaluates Russia Penalty

The Ministry of Petroleum and Natural Gas is currently assessing the potential impact of U.S. President Donald Trump’s newly announced 25% tariff on Indian exports. The announcement also states that an additional penalty will be imposed due to India's crude oil imports from Russia. Senior government officials told NDTV Profit that the ministry is awaiting formal executive directives on specific measures.

The US tariff announcement, made late Wednesday, has raised concerns across India’s energy sector, particularly as Russian crude now accounts for nearly 35–40% of India’s total oil imports. India’s energy bill could see a sharp spike if Russian supply is disrupted, a senior official said, adding that refiners may be forced to turn to alternative sources such as the U.S. and Brazil.

India has diversified its crude basket in recent years, but the scale of Russian imports, up nearly tenfold since 2021, makes any abrupt shift both costly and complex. Sources to NDTV Profit also raised concerns over tariff-driven disruptions which may push up global crude prices.

Also Read: Trump Tariff: Petroleum Ministry Evaluates Russia Penalty; Awaits Executive Directive

Stock Market Live: Volume Buzzers In Nifty 500 Pack — Jio Finance, HEG, HUL, New India Assurance, Kaynes Tech

Jio Financial Services, HEG, Hindustan Unilever, New India Assurance, Kaynes Tech, RBL Bank, Sagility India, Navin Flourine, Hitachi Energy and Canara Bank are the most traded equities in terms of total turnover as of 11:00 a.m. on Thursday.

Stock Market Live: Textile Companies In Focus

India's textile sector is currently a key focus for investors, with the nation standing as the world's fourth-largest textile exporter. A significant portion, 28%, of India's textile exports are directed to the United States, while over half of India's textile and apparel imports consist of US cotton.

Several Indian textile companies demonstrate substantial exposure to the US market. Welspun Living has 65% exposure, Indo Count's exposure stands at 70%, and Himatsingka Seide leads with 83%. Other notable companies include Gokaldas at 77%, Alok Industries at 45%, Trident at 38%, Arvind at 35%, and KPR Mills at 21%.

Q1 Earnings Impact: Navin Fluorine Hits Life High; CAMS, GMR Power Shares Decline

GMR Power and Urban Infra share price declined 5.28% to Rs 108 apiece, the lowest level since June 27. The company has reported a loss of Rs 7.8 crore versus profit of Rs 1,225 crore.

Computer Age Management Services Ltd. fell 5.26% to Rs 3,685.4 apiece, the lowest level since May 15. The stock declined because it has reported 4.38% on the quarter fall in net profit.

Also Read: GMR Power Jumps After B&K Securities Initiates ‘Buy’ Rating

Nifty Today Live: Financials, Energy, IT Drag; FMCG Holds Out

Shares of financial companies, oil and gas, information technology and telecom are the top draggers on the Nifty as of 10:40 a.m.

RIL, ICICI Bank and HDFC Bank are weighing.

USD Vs INR Live: RBI May Intervene But Not Aggreesively, Says Analyst

Jayesh Mehta, vice chairman and CEO of DSP Finance told NDTV Profit that the Reserve Bank of India may intervene in the currency market to manage volatility but not as aggreesively.

"Technically, we haven’t seen that much of a fall in rupee as we had expected. We have continuous selling by FPIs and that's also not helping rupee. RBI will also intervene but I think it will be softly. I don't expect aggressive intervention by the RBI to help the rupee. We may see another 50-70 paisa movement on the downside if these tensions continue. Not sure at what level will RBI will step in heavily," he said.

USD Vs INR Live: Rupee Drops To 87.73 Intraday

The rupee has fallen 31 paise intraday to 87.73 against the dollar.

Nifty Today Live: RIL, ICICI Bank, HDFC Bank Top Drags

Reliance Industries, ICICI Bank, HDFC Bank and Bharti Airtel are the top drags on the 50-stock Nifty.

Stock Market Live: Brigade Hotel Lists At 10% Discount

Brigade Hotel Ventures shares listed at a nearly 10% discount to its IPO price on the stock exchanges.

The scrip opened at Rs 81.1 on the NSE and Rs 82 on the BSE. The issue price was Rs 90.

Also Read: Brigade Hotel Ventures Lists At 11% Discount Over IPO Price

HUL Q1 Results: Segment Performance

  • Home Care Revenue at Rs 5,783 crore versus Rs 5,675 crore

  • Personal Care Revenue at Rs 2,541 crore versus Rs 2,385 crore

  • Beauty & Wellbeing Revenue at Rs 3,349 crore versus Rs 3,199 crore

  • Foods Revenue at Rs 4,016 crore versus Rs 3,850 crore

Also Read: Q1 Result Updates: Policy Bazaar Profit Slides; Eicher Motors Profit Meets Estimates

HUL Share Price Live: Stock Marginally Up

Also Read: HUL Share Price Spikes After Q1 Profit Tops Street Estimates

Q1 Results Live: HUL Profit Beats Estimates

Hindustan Unilever Q1 FY26 (Standalone, YoY)

  • Net profit up 7.6% Rs 2,732 crore versus Rs 2,538 crore (Estimate: Rs 2,583 crore)

  • Revenue up 4% 15,931 crore versus Rs 15,339 crore (Estimate: Rs 15,962 crore)

  • Ebitda down 1.3% at Rs 3,558 crore versus Rs 3,606 crore (Estimate: Rs 3,618 crore)

  • Margin 22.3% versus 23.5% (Estimate at 24.1%)

Consolidated YoY

  • Revenue up 5.13% at Rs 16,514 crore vs Rs 15,707 crore

  • Ebitda down 0.7% at Rs 3,718 crore vs Rs 3,744 crore

  • Margin at 22.51% vs 23.83%

  • Net profit up 5.59% at Rs 2,756 crore vs Rs 2,610 crore

Also Read: Q1 Result Updates: Policy Bazaar Profit Slides; Eicher Motors Profit Meets Estimates

Stock Market Live: Volatility Spikes

Volatility increased in the Indian stock markets during early trade on Thursday. the India VIX surged 8% soon after market open and stayed higher as of 9:40 a.m.

Stock Market Live: Donald Trump Targets India-Russia In New Post

US President Donald Trump on Thursday again took aim at India and Russia. He has slapped a 25% import tariff on India and announced additional penalties for India's oil and defence purchases from Moscow.

In a post on Truth Social, he said:

"I don’t care what India does with Russia. They can take their dead economies down together, for all I care. We have done very little business with India, their Tariffs are too high, among the highest in the World. Likewise, Russia and the USA do almost no business together. Let’s keep it that way, and tell Medvedev, the failed former President of Russia, who thinks he’s still President, to watch his words. He’s entering very dangerous territory!"

Also Read: 'I Don't Care What India Does...' Trump Slams India About Relations With Russia, Calls Both 'Dead Economies'

Stock Market Live: Pharma Stocks Slide — Dr. Reddy’s, Biocon Top Losers

Shares of Indian pharmaceutical companies came under pressure on Thursday after Trump announced a 25% tariff on Indian exports to the United States. While the pharma sector remains exempt for now, in an earlier post, Trump indicated via a post on Truth Social that duties on drug exports are likely to be introduced soon.

Nifty Pharma dropped 1.51% intraday as it underperformed the benchmark Nifty 50, which dropped 0.86% intraday.

Major players such as Sun Pharma, Dr. Reddy’s Laboratories, Cipla, Divi’s Laboratories, Aurobindo Pharma, Lupin, and Biocon faced market volatility.

Also Read: Trump's Tariff Impact: Biocon, Cipla Share Prices Drop As Pharma Stocks Slide

Stock Market Live: ONGC, Oil India Shares Decline After Russia Penalty Risk

Shares of Oil and Natural Gas Corporation (ONGC) and Oil India declined on Thursday, in line with broader market sentiment which turned cautious following U.S. President Donald Trump’s announcement of a steep 25% tariff on Indian exports.

The tariff package, unveiled late Wednesday, also includes unspecified penalties for countries importing oil and other commodities from Russia, a move that could have implications for India’s energy trade. In the same light, major listed entities like ONGC and Oil India saw immediate disruption.

Oil India declined 1.45% at intraday and ONGC declined 0.83% at intraday.

Stock Market Live: Nifty, Sensex Fall

  • All sectoral indices trade in red

  • 47 of Nifty 50 stocks decline in trade on open

  • Financials drag Nifty by 50 points

  • Nifty Oil & Gas worst performing sectoral index

  • 1934 stocks on NSE trade in red, but only 23 hit lower circuit

Nifty Today Live: Below 24,200

At pre-open session, the Nifty fell to 24,111, a drop of over 1%. Sensex dipped below 78,600.

Stock Market Live: Yield On The 10-Year Bond Opens Higher

  • The 10-year bond yield opened 2 basis points higher at 6.39%

  • It closed at 6.37% on Wednesday

Source: Cogencis

USD Vs INR Live: Rupee Opens Over Five-Month Low

  • Rupee opened 26 paise weaker at 87.69 against US Dollar.

  • It's the lowest level since Feb 10.

  • It closed at 87.43 a dollar on Wednesday.

  • The dollar index is flat globally.

Source: Cogencis

Also Read: Trump Tariffs Impact: Rupee Hits Five-Month Low

Stock Market LIVE: Watch NDTV Profit's India Market Open

Nifty Live: GIFT Nifty Down 0.6%

The GIFT Nifty futures contracts are down 0.6% at 24,707.

Stock Market LIVE: 54 Dividend Stocks In Focus Ahead Of Record Date: Maruti Suzuki, Marico, Eicher, BHEL, Varun Beverages

Shares of Maruti Suzuki India Ltd., Marico Ltd., Eicher Motors Ltd., Bharat Heavy Electricals Ltd., Varun Beverages Ltd. and 49 other companies will be of interest on Thursday, as it marks the last session for investors to buy shares to qualify for receiving the dividend before the stock goes ex/record-date.

Under India's T+1 settlement cycle, shares purchased on the record date itself will not qualify for the dividend payment. Hence, if the record date of a dividend stock is Aug. 1, then shares must be purchased by July 31.

Show more

Also Read: 54 Dividend Stocks: Maruti Suzuki, Marico, Eicher, BHEL, Varun Beverages — Last Day To Buy Shares To Qualify

Stock Market Live: Brokerages On Trump Tariffs

Morgan Stanley

  • At an aggregate level, India's goods exports to the US are 2.2% of GDP

  • This implies a less severe direct impact of tariff-related developments

  • Further, nuances will emerge at the sector level on the basis of the tariff differential with other economies and exposure to the US

  • Remain watchful of the developments from the next round of negotiations

  • The second order impact of the tariffs through weaker corporate confidence and deferred capex cycle, which in our view is likely to be more pronounced

  • Textiles make up comprise close to half of India's overall exports, while the share of pharma products is 40%

Nuvama

  • India’s goods exports to the US may be hurt, but it is small as a share of GDP

  • Some loss in exports to the US could be offset by redirecting exports to other nations

  • Recent INR weakness, if it sustains, could also work to limit the tariff impact

  • Bigger implication of the US tariffs could be the shrinking of US trade deficit, especially amid weaker USD and higher rates

  • This shall impart a deflationary impulse to the global economy, hurting trade, growth and earnings everywhere

  • This will keep markets volatile as FII flows could soften – key market movers now

  • See more global monetary easing is likely down the line

Dam Capital

  • Final tariffs for some ASEAN countries have now come through, at lower than the 25% for India

  • India has stood its ground in not agreeing to lowering tariffs for agri-products

  • India can gain if the tariffs on China remain substantial

  • If most of the adverse effects eventuate, the worst case impact would be 30 bps to GDP growth

  • Greater immediate macro impact depends on whether FII outflows & INR depreciation accelerate

  • Negative: Auto, Renewables (higher tariffs relative to competition)

  • Neutral for now: EMS, Cap goods, Steel/ aluminium, Oil & Gas, Pharma

  • Mixed: Chemicals, Textiles (dependent on final tariff rate for Bangladesh)

Stock Market Live: Gold Prices Rise As US Economic Activity Rebounds

Gold prices rebounded in Asia session after data showed that US economic activity rebounded in the second quarter. US's inflation adjusted GDP grew 3% on the year during April–June from a 0.5% shrink in the previous quarter, as Bloomberg reported.

Gold futures were trading 0.23% down at $3,344 as of 7:43 a.m.

Also Read: Gold, Silver Rates Trade Higher—Check Prices In Mumbai, Chennai, Other Cities

Oil Prices Snap Three-Day Gaining Streak As 

Oil prices declined in Asia session as concerns rose after US President Donald Trump threatened to impose penalty on India for Russian oil purchase.

The October future contract of Brent crude was trading 0.07% down at $72.42 a barrel as of 7:38 a.m.

Also Read: Oil Holds Near Six-Week High As US Targets Russia, Iran Trade

Stock Market Live: Hang Seng And CSI 300 Fall Over 1%

The Hang Seng and CSI 300 fell sharply on Thursday as manufacturing activity slowed more than expected in China. The official Manufacturing Purchasing Index for July came at 49.3 against expectation of 49.7.

The Hang Seng and CSI 300 were trading 1.52% and 1.28% respectively as of 7:34 a.m.

US Market Update: Nasdaq 100 Futures Rises Over 1% As Tech Earnings Boosts Optimism 

The Nasdaq 100 and S&P 500 futures rose sharply in Asia session as earnings from megacap technology firms boosted sentiments. Further, the dollar index steadied after the US Federal Reserve kept the interest rate steady.

The Nasdaq 100 and S&P 500 futures were trading 1.24% and 0.86% higher, respectively as of 7:28 a.m.

Also Read: US Futures Rise On Tech Earnings, Dollar Steadies: Markets Wrap

Stock Market Live: GIFT Nifty Implies Gap-Down Open; Indraprastha Gas, Kaynes Tech, Tata Motors In Focus

The GIFT Nifty was trading 0.04% or 11 points higher at 24,666 as of 6:34 a.m., which implied a positive open for the NSE Nifty 50.

Traders will monitor share prices of Indraprastha Gas Ltd., Tata Steel Ltd., Kaynes Technology India Ltd., and oil refineries and marketing stocks due to overnight news flow and first-quarter earnings.

India's benchmark equity indices ended higher for a second consecutive session on Wednesday as better-than-expected earnings pulled up heavyweight Larsen & Toubro Ltd. to help offset decline in Tata Motors Ltd. and Reliance Industries Ltd.

The NSE Nifty 50 settled 140 points or 0.14% higher at 24,855, managing to hold above the support level of 24,750. The BSE Sensex added 144 points or 0.18% to close at 81,481.86.

Also Read: Stock Market Highlights: Nifty, Sensex End Higher As L&T Q1 Bump Offsets Tata Motors, RIL Decline

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WRITTEN BY
Shubhayan Bhattacharya
Shubhayan covers markets and business news at NDTV Profit. He has a keen in... more
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