Stock Market LIVE: Nifty, Sensex Trade Lower; Airtel Shares Rise Before Q1 Earnings

Market participants await for the NSE Nifty 50 companies'—Bharti Airtel Ltd., Adani Ports And Special Economic Zones Ltd—earnings reports.

(Photo: Microsoft Copilot)

The NSE Nifty 50 and BSE Sensex declined sharply as ICICI Bank Ltd., and Reliance Industries Ltd. share prices weighed. The NSE Nifty Midcap 150 and NSE Nifty Smallcap 250 underperformed benchmark indices.
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Stock Market Live: Hazoor Multi Projects Acquires Quippo

In an exchange filing on Tuesday, Hazoor Multi Projects disclosed their acquisition of Quippo Oil & Gas Infra through competitive Swiss challenge bidding proces.

Stock Market Live Update: Anant Raj Expands Data Centre Business

Anant Raj Ltd. expanded data center business. It now targets revenue of Rs 1,200 crore by financial year 2027.

IPO News: Knowledge Realty Trust IPO: Check Day One Subscription Status, GMP, Price Band And More

The mainboard initial public offering of Knowledge Realty Trust Ltd., has opened on Tuesday, Aug.5 and run till Aug.7. The price band for the Rs 4,800-crore REIT has been fixed between Rs 95 and Rs 100 per unit. This IPO is entirely a fresh issuance of units by Knowledge Realty Trust.

Knowledge Realty Trust, sponsored by realty firm Sattva Group and Blackstone, on Monday garnered Rs 1,620 crore from anchor investors ahead of its REIT public issue opening for public subscription.

Also Read: Knowledge Realty Trust IPO: Check Day One Subscription Status, GMP, Price Band And More

Stock Market Live Updates: Aurionpro Solutions Approves To Entire Stake In InfrariskSG Pte

Aurionpro Solutions Ltd. has approved to acquire entire stake in InfrariskSG Pte for $2 million, the company said in the exchange filing.

Stock Market Live Update: CAMS Introduces CAMSAi

Computer Age Management Services Ltd. introduced artificial intelligence fabric 'CAMSAi' for capital markets and banking and financial services institutes, the company said in the exchange filing.

BHEL Share Price Zooms After Coverage Initiation With 'Buy' Rating From UBS

Bharat Heavy Electricals Ltd.'s share price spiked nearly 3% after the company received coverage initiation from UBS.

The brokerage noted that there is thermal reviving and remunerative growth ahead for the company. It also noted that the company's net profit is expected to rise eight times by FY28E.

The scrip rose as much as 2.87% to Rs 248.37 apiece. It pared gains to trade 1.51% higher at Rs 245.07 apiece, as of 10:37 a.m.

Also Read: BHEL Share Price Zooms After Coverage Initiation With 'Buy' Rating From UBS

Stock Market Live Update: NBCC's Unit Gets Revised Order Worth Rs 25.4–103 Crore

NBCC (India) Ltd.'s unit Lokpal of India received order worth in the range of Rs 25.4 crore – Rs 103 crore. Order value for repair works modified due to technical reasons, the company said in the exchange filing.

Stock Market Live Update: KPI Green Energy Extends Losses Despite Increase In Profit

KPI Green Q1 Highlights (Cons, YoY)

  • Revenue up 73.3% to Rs 603 crore versus Rs 348 crore.

  • Ebitda up 58.3% to Rs 178 crore versus Rs 112 crore.

  • Margin down to 29.5% versus 32.3%.

  • Net profit up 68.4% to Rs 111 crore versus Rs 66.1 crore.

  • Approves raising up to Rs 700 crore via green bonds.

Track live updates on Q1 earnings here.

Bharti Airtel Q1 Results Preview: Net Profit, Revenue Expected To Rise

Bharti Airtel Ltd. is set to announce its financial results for the April-June quarter on Tuesday. Brokerages expect ARPUs to improve marginally for the company.

The country's second largest telecom firm is likely to report a quarterly revenue of Rs 49,761.80 crore, according to consensus estimates of analysts tracked by Bloomberg. The margin is expected to come in at 56.2%.

Also Read: Bharti Airtel Q1 Results Preview: Net Profit, Revenue Expected To Rise; ARPU May Improve Marginally

Stock Market Live Update: Reliance Power Shares Continues To Hit Lower Circuit

Reliance Power Ltd.'s share price plummeted by 5%, hitting the lower circuit limit on Tuesday, as Reliance Group Chairman Anil Ambani is set to appear before probe agency Enforcement Directorate today for questioning in connection with an alleged Rs 17,000 crore worth bank loan fraud-linked money laundering case. The stock has continued to remain in lower circuit for the the third consecutive day, as per Bloomberg.

Track live updates on Anil Ambani Group stocks here.

Also Read: Reliance Power Shares Continues To Hit Lower Circuit As Anil Ambani Set To Appear Before ED Today

Stock Market Live: Veranda Learning Board Approves Merger Between Two Arms

Veranda Learning Learning Solutions's board approved merger between two of its subsidiary. The two subsidiaries are Veranda K-12 Learning Solutions Pvt. Ltd. and Veranda Administrative Learning Solutions Pvt. Ltd.

IPO News: Laxmi India Shares Debut At 13% Discount To Issue Price

Laxmi India Finance Ltd. made a lacklustre debut at the Street with a 10.47% discount over its issue price. On the National Stock Exchange, the stock started trading at Rs 141.08 apiece, compared to the issue price of Rs 137.52 at 10:00 a.m., at a discount of 12.9%. On BSE, the scrip started trading at Rs 136 apiece, compared to the issue price of 158, at a discount of 12.9%.

Also Read: Laxmi India Finance IPO Listing: Shares Debut At 13% Discount To Issue Price

IPO News: Aditya Infotech Lists At Over 50% Premium 

Aditya Infotech Ltd. listed at over 50% premium. The scrip started trading at Rs 1,015 apiece on the NSE and Rs 1,018 on the BSE. The IPO price was Rs 675 apiece.

Waaree Energies, Premier Energy, Suzlon Energies, BHEL Rated New 'Buy' At UBS

UBS has initiated coverage on multiple industrial and infrastructure power Original Equipment Manufacturers with a buy rating. The brokerage believes that OEMs are expected to see significant growth given UBS sees profits will increase 3.7 times from FY20-25 to FY25-30 and established leaders will see a 45% Compound Annual Growth Rate in profits.

The report suggests that there is room for creating value for stakeholders, and the advantage lies with existing market leaders.

Also Read: Waaree Energies, Premier Energy, Suzlon Energies, BHEL Rated New 'Buy' At UBS — Check Target Price

Stock Market Live: Godfrey Phillips Hit Record High As Net Profit Increases 

Godfrey Phillips India Ltd. share price hit a record high in Tuesday's session as the company's net profit increased during April–June period.

Sectoral Performance At Open: Nifty PSU Bank Outperforms 

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

Nifty Detractors: HDFC Bank, RIL, ICICI Bank Weigh 

HDFC Bank Ltd., Reliance Industries Ltd., ICICI Bank Ltd., Infosys Ltd., and Mahindra & Mahindra Ltd. weighed on the NSE Nifty 50 index.

Bharti Airtel Ltd., State Bank of India, Maruti Suzuki India Ltd., IndusInd Bank Ltd., and Coal India Ltd. limited losses in the index.

Stock Market Today: Nifty, Sensex Fall Shortly After Muted Open

The NSE Nifty 50 and BSE Sensex declined shortly after a muted open as HDFC Bank Ltd. and Reliance Industries Ltd. shares weighed. The indices were trading 0.12% and 0.18% down, respectively as of 9:23 a.m.

Yield On The 10-Year Bond Opens Flat

  • The 10-year bond yield opened flat at 6.38%

Source: Cogencis

Rupee Opens Weaker Against US Dollar

  • Rupee opened 19 paise weaker at 87.85 against US Dollar

  • It closed at 87.66 a dollar on Monday.

Source: Cogencis

Stock Market Live: SEBI Mulls Special Division To Tackle Manipulation By High Frequency Trading Firms

Stock market regulator—Securities and Exchange Board of India—is currently exploring forming a special division that will be responsible for looking into market manipulation instances of high-frequency trading firms, according to people familiar with the matter.

The immediate function of this team would be to look into Jane Street entities and would later expand to any such instances in the future.

Also Read: Jane Street Saga: SEBI Mulls Special Division To Tackle Manipulation By High Frequency Trading Firms

Stock Market Live: Raitel Corp Gets Letter Of Intent From Bihar Electronics Development

Raitel Corp Gets Letter Of Intent From Bihar Electronics Development Corp, the company said in the exchange filing.

Stock Market Today: Angel One Business Update (MoM)

  • July client base rose 1.8% to 3.3 crore

  • July orders rose 7% to 12.3 crore

  • July average daily orders fall 2.3% to 53.5 lakh

  • July average daily orders fall 2.3% to 53.5 lakh

  • July gross client acquisitions rose 17% to 6.4 lakh

  • July gross client acquisitions rose 17% to 6.4 lakh

ABB India Targets 12-15% Profit Margin In 2025 Led By Strong Order Pipeline

Engineering and technology major ABB India is navigating a temporary slowdown in its large-scale industrial projects segment, according to the company’s Managing Director (MD), Sanjeev Sharma. 

However, the company is confident of maintaining PAT margins within the guided range of 12% to 15% in CY25, provided revenue off-take remains strong and external factors like Quality Control Orders (QCOs) do not pose significant challenges, as per CFO TK Sridhar.

Also Read: ABB India Targets 12-15% Profit Margin In 2025 Led By Strong Order Pipeline

Dividend Stocks: Coal India, Kirloskar Industries, Blue Dart — Last Day To Buy Shares To Qualify

Shares of Coal India Ltd., Kirloskar Industries Ltd., Blue Dart Express Ltd. and 16 other companies will be of interest on Tuesday, as it marks the last session for investors to buy shares to qualify for receiving the dividend before the stock goes ex/record-date.

Also Read: 19 Dividend Stocks: Coal India, Kirloskar Industries, Blue Dart — Last Day To Buy Shares To Qualify

Oil Prices Steadies As Traders Assess Potential Penalty On India's Russian Supplies 

Oil prices consolidated in Asia-Pacific market hours after three-day slump as traders take a step back to assess impact of imminent penalty on India's Russian supplies.

US President Donald Trump said that he would raise tariffs on India substantially because of its oil imports from Russia.

The brent October future contract was trading 0.10% down at $68.69 a barrel as of 7:53 a.m.

Also Read: Oil Prices Steady As Trump Threatens India For Taking Russian Crude

Asia Market Update Live: Nikkei 225 Rebounds And KOSPI, S&P ASX Rises Over 1%

Markets in most Asia–Pacific markets were trading higher on Tuesday, as overnight gains on Wall Street supported.

South Korea's benchmark index KOSPI and Australia's S&P ASX 200 were trading 1.58% and 1.08% higher, respectively as of 7:37 a.m.

The Nikkei 225 rebounded in Tuesday's session. It was trading 0.53% higher as of 7:37 a.m.

Also Read: Asian Stocks Rise After Dip-Buyers Fuel US Rally: Markets Wrap

US Market Update: Dow Jones Industrial And S&P Futures Rise 

US futures were trading higher on Tuesday in Asia-Pacific market hours as market participants increased bets on rate cuts as early as September from the US Federal Reserve.

In a surprise move, Fed Governor Adriana Kugler has resigned, which opened more room for new officials joining the central bank. President Donald Trump has said a number of times to replace Chair Jerome Powell while demanded rate cuts.

The Dow Jones Industrial Average and S&P 500 futures were trading 0.14% and 0.18% higher, respectively as of 7:28 a.m.

Also Read: Stocks Stage Rebound As Dip Buyers Wade Back In: Markets Wrap

GIFT Nifty Implies Positive Open; Delta Corp, Sona BLW, Siemens Energy Shares In Focus

The GIFT Nifty was trading 0.07% or 16.50 points higher at 24,723 as of 6:37 a.m., which implied a higher open for the NSE Nifty 50 index.

Traders may keep an eye on Aurobindo Pharma Ltd., Delta Corp Ltd., Siemens Energy Ltd., and Sona BLW Precision Forgings Ltd. share prices will likely to move significantly because of the first-quarter results released Monday post market hours.

The Indian equity benchmark indices closed higher snapping a two-day slump, as Hero Moto, Tata Steel stocks led gains.

The NSE Nifty 50 ended 157 points, or 0.64% up at 24,722, and the 30-stock BSE Sensex ended 418 points, or 0.52% higher at 81,018. The NSE Nifty Bank closed flat at 55,619.

Also Read: Stock Market Highlights: Nifty, Sensex End In The Green; Hero Moto, Tata Steel Lead 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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