Stock Market LIVE: Nifty, Sensex Rangebound After Volatile Opening Session; HDFC Bank Weighs

Traders await headlines inflation figure for July. It will provide fresh cues about central bank's policy outlook.

(Photo: Microsoft Copilot generated image)

Good afternoon, welcome to NDTV Profit's live blog for stock markets. The NSE Nifty 50 and BSE Sensex were trading in a narrow range. Private banks tocks continued pressure the benchmark indices. Broader markets outperformed benchmark indices. Astral share price declined after bleak performance in the first quarter. Kirloskar Industries share price erased losses after its first-quarter net profit advanced.

Q1 Earnings LIVE: Zydus Lifesciences Pares Most Gains

Zydus Lifesciences Q1 Earnings Key Highlights (Consolidated, YoY)

  • Net Profit rose 3.3% to Rs 1,467 crore versus Rs 1,420 crore

  • Revenue rose 5.9% to Rs 6,574 crore versus Rs 6,208 crore

  • Ebitda rose 0.2% to Rs 2,089 crore versus Rs 2,084 crore

  • Margin at 31.8% versus 33.6%

Q1 Earnings LIVE: Granules India Share Price Pares Most Gains After Net Profit Declines 

Granules India Q1 Highlights (Cons, YoY)

  • Revenue up 2.6% to Rs 1,210 crore versus Rs 1,180 crore

  • Ebitda down 4.9% to Rs 247 crore versus Rs 259 crore

  • Margin at 20.4% versus 22%

  • Net Profit down 16.3% to Rs 113 crore versus Rs 135 crore

Track live updates on Q1 earnings here.

Trump Tariff Impact: Indian Textile Exporters Balance Trade Risks Against UK FTA Gains

India’s top textile exporters face a mixed global outlook as the India–UK Free Trade Agreement (FTA) opens a duty-free route to the British market while tariff uncertainty clouds prospects in the United States, their largest export destination.

Also Read: Trump Tariff Impact: Indian Textile Exporters Balance Trade Risks Against UK FTA Gains

BSE Focuses On Institutional Investor Inflow After 'First Of Its Kind' Quarterly Numbers In 150 Years

The BSE reported a 9% jump in net profit for the first quarter, reaching Rs 539.41 crore and Sundararaman Ramamurthy, the managing director and chief executive officer of BSE Ltd, described the numbers as "very good and the first of its kind in the last 150 years of BSE."

In a conversation with NDTV Profit on Monday, Ramamurthy noted that he is optimistic on the exchange's outlook, linking potential growth to India's broader economic trajectory.

Also Read: BSE Focuses On Institutional Investor Inflow After 'First Of Its Kind' Quarterly Numbers In 150 Years

Stock Market LIVE: Premier Explosives Share Price Falls After Telangana Factory Blast

Premier Explosives Ltd. share price declined after a blast at its facility in Telangana claimed the life of one worker. This is the second such blast at this unit, which has raised questions about safety measures.

Praj Industries Share Price Slumps To Two-Year Low On Disappointing Q1 Results

Praj Industries Ltd.'s share price slumped to the lowest level in two years as the company reported disappointing results for April–June period. Its topline, operating profit, and net profit all declined.

Praj Industries' consolidated net profit plunged 94% on the year to Rs 5.30 crore. Its revenue fell 8.4% to Rs 640 crore during April–June from Rs 699 crore. Its Ebitda declined 59% to Rs 35.30 crore during first quarter from Rs 84 crore.

Also Read: Praj Industries Share Price Slumps To Two-Year Low On Disappointing Q1 Results

Stock Markets LIVE: Tata Teleservices In Pact With McAfee

Tata Teleservices is in pact with McAfee to strengthen cybersecurity for medium small and micro enterprises in India.

Stock Market LIVE Update: Stallion India Share Price Jumps 11% 

Stallion India Fluorochemicals Ltd. share price jumped 11% in Tuesday's session. The company signed a memorandum of understanding with the Rajasthan Government to build 32 new refrigerant gas manufacturing plant.

Stock Market LIVE: NSDL Shares Trade Higher Ahead Of Q1 Results

Shares of National Securities Depository Ltd. traded higher during the early Tuesday session, ahead of the first-quarter results. The scrip rose as much as 6.3% to Rs 1,352.95 apiece.

The stock has gained over 61% since listing last week.

Stock Market LIVE: HBL Engineering Gets Order Worth Rs 54 Crore

HBL Engineering Ltd. received order worth Rs 54 crore, the company said in the exchange filing.

IPO News: Highway Infra Lists At 67% Premium Over IPO Price

Highway Infrastructure Ltd. made a stellar debut at the stock market on Tuesday, listing at a premium of 67% over the IPO price. The scrip opened trading at Rs 115 on the NSE and Rs 117 on the BSE. The IPO price was Rs 70.

The Rs 130-crore IPO was subscribed 300.61 times, with the non-institutional investors portion overbooked by 447 times, institutional investors by 420 times and the retail portion by 156 times.

Also Read: Highway Infrastructure Lists At 67% Premium Over IPO Price

Stock Market LIVE: Suzlon Energy Share Price Gains Ahead Of Q1 Results Announcement

The shares of Suzlon Energy Ltd., was trading higher ahead of the company posting its first quarter results. The company in the previous quarter had reported a nearly fivefold surge in its fourth-quarter net profit, majorly due to a deferred tax credit but also driven by solid revenue and operating income growth.

Also Read: Suzlon Energy Share Price Gains Ahead Of Q1 Results Announcement

Stock Market LIVE: Hindalco Industries Shares Fall After Novelis Q1 Profit Drops

Hindalco Industries Ltd. shares fell during early trade on Tuesday after US arm Novelis Inc. reported a subdued first quarter, missing market expectations.

The company's net profit fell 67% sequentially to $96 million for the June quarter of fiscal 2026. On a year-on-year basis, it was down 36%.

Also Read: Hindalco Industries Shares Fall After Novelis Q1 Profit Drops

Sectoral Performance At Open: Nifty Finance Underperforms

On National Stock Exchange Ltd., three sectoral indices opened lower, eight higher, and four remained flat out of 15.

Nifty Detractors: ICICI Bank And HDFC Bank Weigh The Most 

ICICI Bank Ltd., HDFC Bank Ltd., Hindalco Industries Ltd., Kotak Mahindra Bank Ltd., and Infosys Ltd. weighed in the Nifty 50 index.

Mahindra & Mahindra Ltd., Larsen & Toubro Ltd., Tata Consultancy Services Ltd., ITC Ltd., and Sun Pharmaceutical Industries limited losses in the NSE Nifty 50 index.

Opening Bell: Nifty, Sensex Reverse Gains At Open 

The NSE Nifty 50 and BSE Sensex reversed all gains at open as ICICI Bank Ltd. and HDFC Bank Ltd. shares weighed. The indices were trading 0.04% and 0.07% down, respectively as of 9:20 a.m.

Yield On 10-Year Bond Opens Flat

  • The yield on the 10-year bond opened flat at 6.44%

Source: Bloomberg

Rupee Opens Weaker Against US Dollar

  • Rupee opened 4 paise weaker at 87.70 a dollar

  • It closed at 87.66 a dollar on Monday.

Source: Bloomberg

Hyundai Motors Share Price Rated New Buy At Goldman Sachs On 'Strong Product Cycle'

Goldman Sachs has initiated its coverage on Hyundai Motors India with a 'Buy' with a target price of Rs 2,600. The broking’s optimistic outlook is based on its belief that Hyundai is exceptionally well-positioned to capitalise on a major stress point in the auto industry. The view is driven by key factors, like the company's product cycle, capacity expansion, and favourable macroeconomic conditions.

Goldman Sachs highlights that the company is in a strong position to launch new products and gain market share as it expands its manufacturing capacity. This strategic "catch-up" is expected to be a significant growth boost.

Also Read: Hyundai Motors Share Price Rated New Buy At Goldman Sachs On 'Strong Product Cycle' — Check Target Price

Stock Market Live Update: BofA On India Strategy

  • Expect muted returns; be nimble/rotate sectors for alpha

  • Risks skewed to downside

  • Small and midcaps still overvalued but see some pockets of opportunities

  • Move IT sector from Underweight to Overweight and Utilities from UW to Neutral

  • Continue to expect negative returns from small and midcaps

  • See pockets of opportunities now within Building Materials, Auto Components& Travel/Tourism

  • Continue to prefer Large caps over Small and midcaps

Six factors to drive volatility –

  • Consensus earnings cuts to continue

  • Trade tariffs: base case is for India to attract 15% tariffs from the US; see downside risk if higher tariffs at 25-50% sustains

  • US Macro outlook remains uncertain

  • Populism step-up: subsidy spike could curtail capex (see report): a market risk

  • Flows: risk-reward for FIIs is still unfavorable; do not see revival of FII flows

  • Policy response: India may step-up legislative reforms, improve policies and offer fiscal support to boost growth/avert tariff impact

Also Read: Nifty To Remain Muted At 25,000? BofA Sees Shallow Returns — Key Factors Affecting Markets

Asian Markets Update LIVE: Japan's Nikkei 225 Hits Record High 

Japan's benchmark index Nikkei 225 hit a record high in Tuesday's session. Markets in China, South Korea, and Australia advanced after the US extended deadline on interim relief from tariffs on Chinese imports.

The Nikkei 225 was trading 2.53% higher at 42,887.50 as of 8:03 a.m. The S&P ASX 200 and KOSPI were trading 0.18% and 0.70% higher, respectively.

Also Read: Asian Stocks Advance Before US Inflation Data Release, Nikkei Climbs: Markets Wrap

US Markets Update: Mixed As Traders Await CPI Data 

US stock futures were trading on a mixed note on Tuesday morning as market participants assessed trade relation between US and China while awaiting inflation number.

The Dow Jones Industrial Average 0.06% rose and S&P 500 futures were trading 0.01% down as of 7:54 a.m.

Also Read: US Futures, Bonds Rise Ahead Of Data-Filled Week: Markets Wrap

LIVE: GIFT Nifty Implies Negative Open; Ashoka Buildcon, Muthoot Microfin In Focus

The GIFT Nifty was trading 0.12% or 28.50 points higher at 24,580.50, which indicated 5 points lower open for the benchmark NSE Nifty 50 index.

Ashoka Buildcon Ltd., Muthoot Microfin Ltd., Dollar Industries Ltd., Ugro Capital Ltd., and Bata India Ltd. shares will likely be in focus because of first-quarter results.

The Indian equity benchmarks closed in the green on Monday as shares of HDFC Bank Ltd., Reliance Industries Ltd. and State Bank of India led the gains.

The NSE Nifty 50 ended 221.75 points or 0.91% higher at 24,585.05 and the BSE Sensex ended 746.29 points or 0.93% up at 86,604.08.

Also Read: Stock Market Highlights: Nifty, Sensex End With Nearly 1% Gains As HDFC Bank, RIL, SBI Lead

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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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