Stock Market News Today: Nifty Slips To 25,110, Sensex Ends 350 Points Down; Tech Mahindra, IndusInd Bank Drag

The focus is on earnings impact today as names like Tech Mahindra, Ixigo take the spotlight as today's market movers after posting first quarter results.

The focus is on earnings impact today as names like Tech Mahindra, Ixigo take the spotlight as today's market movers after posting first quarter results. Read on to see how these names moved through the day. (Image source: Envato)

The focus is on earnings impact today as names like Tech Mahindra, Ixigo take the spotlight as today's market movers after posting first quarter results. Read on to see how these names moved through the day.

Stock Market News Live: Nifty Slips To 25,110, Sensex Ends 350 Points Lower

Benchmark indices snapped their two-day gaining streak, the market ended on a mixed note across sectoral indices. Nifty closed at 25,111, about 0.40% down. Sensex closed 375 points lower at 82,259.

In the Nifty, Tech Mahindra and IndusInd Bank were the top losers. The Nifty IT sector emerged as the day's biggest losing sector, primarily dragged down by significant declines in LTIMindtree and Tech Mahindra. Nifty Financials also declined for the second consecutive day, and Nifty Bank snapped its three-day gaining streak. Furthermore, Nifty IT broke its two-day gaining streak.

Nifty Realty gained for the fourth consecutive day, with strong performance from Prestige Estates and Sobha. Nifty Energy also extended its gains for the fourth straight day. Nifty FMCG marked its fifth consecutive day of gains, led by Tata Consumer and Varun Beverages. Similarly, Nifty Auto gained for the fourth consecutive day, driven by Balkrishna Industries and Apollo Tyres. However, Nifty Oil & Gas snapped its two-day winning streak.

Rupee Closes Weaker Against The Dollar

Rupee closed 13 paise lower at 86.07 against the US Dollar. It closed at 85.94 on Wednesday.

Source: Bloomberg

Stock Market Live: Shares Of Polycab Trade Lower

The shares of Polycab were trading lower after the company posted its fourth quarter results. This slip compares to the 0.26% decline in the Nifty 50.

Stock Market Live: Adani Sells Stake In AWL Agri

Adani Enterprises to get Rs 7,150 crore from sale of 20% stake in AWL Agri Business to Wilmar. AWL Agri saw a surge in share price, while Adani Enterprises was also trading higher.

Stock Market Live: Nifty 50 Check

The names dragging the index below the 25,200 marks continue to be Tech Mahindra and IndusInd Bank among others. SBI Life along with Infosys was also trading in the red. Axis Bank also marked losses.

Tata Consumer, Tata Steel, Adani Enterprises and Hindalco were names trading in the green along with Trent.

Stock Market Live: HDFC AMC Share Price Post Q1 Results

Shares of HDFC Asset Management Company was trading marginally higher after the company posted a 24% uptick in its first quarter results. The Nifty 50 was trading 0.13% lower as of 2:00 p.m.

Stock Market Live: Newgen Soft Post Q1 Results

The shares of Newgen Soft plunged nearly 6% after the company posted its first quarter results. The shares dipped as much as 6.27% during the day to Rs 1,023. This compares to a 0.20% decline in the benchmark Nifty 50.

Stock Market Live: SEBI Wants Deeper Cash Markets, Longer-Tenure Derivative Products

Ananth Narayan, Whole Time Member at SEBI, highlighted the imbalance created by expiry-day index options turnover often being 350 times that of the cash market, noting that short-term options trading can escalate volatility and impede efficient price discovery.

SEBI has consistently raised concerns over the dominance of short-tenure derivatives, and regulatory actions implemented in October 2024 and May 2025 are already showing early signs of impact. The regulator's aim is to foster deeper cash markets and promote longer-tenure derivative products, he said at an event on Thursday.

Stock Market Live: Newgen Software Earnings Decline

Newgen Software Q1 FY26 (Consolidated, QoQ)

  • Revenue down 25.4% at Rs 321 crore versus Rs 430 crore

  • EBIT down 72% at Rs 35.94 crore versus Rs 129 crore

  • EBIT margin at 11.2% versus 29.9%

  • Net profit down 54% at Rs 49.7 crore versus Rs 108 crore.

Stock Market News: Patanjali Shares In The Green

Shares of Patanjali Foods were trading higher after the Board approved bonus share issue in the ratio of 2:1. The scrip was trading 0.27% hogher compared to a 0.10% decline in the Nifty 50.

Also Read: Patanjali Foods Board Approves Maiden Bonus Share Issue In 2:1 Ratio

Stock Market News: Markets At Noon

At noon, the benchmark index was held up by Tata Consumer, Hindalco, Trent and Tata Steel. The index was dragged by heavy weights like Tech Mahindra post its first quarter results. IndusInd, Infosys and SBI Life was also weighing the index down.

Stock Market News: Smartworks Coworking Shares Jump 15% After Premium Listing

Shares of Smartworks Coworking Spaces Ltd. soared as much as 15% in its first session of trading on Thursday after the stock listed at a premium over IPO price.

The scrip opened at Rs 435 on the NSE and Rs 436.1 on the BSE, a 7% premium over the issue price was Rs 407. The grey market had also indicated a premium listing in the same range.

Also Read: Smartworks Coworking Shares Jump 15% After Premium Listing

Stock Market News: Thermax Shares Up Over 6%

Shares of Thermax were up over 6% during trade so far. The scrip rose as much as 6.17% during trade so far to Rs 3,870.

Stock Market News: Ixigo Shares Surge Over 14%

The shares of Ixigo surges over 14% during trade so far after posting Q1 results on Wednesday. Le Travenues shares rose as much as 5.33% in trade so far and is currently trading 14.33% higher at Rs 204. These gains compare to a 0.19% decline in the Nifty 50 as of 10:57 a.m.

ABB India Order Inflow Declines 9%, Misses Analyst Expectations

ABB India has reported a 9% year-on-year decline in its order inflow, according to the company's global earnings report. This performance falls below analyst expectations, which had ranged from a 12% increase to a 7% decrease.

Stock Market News: Waaree Renewables Share Price

Ahead of posting first quarter results, shares of Waaree Renewable rose as much as 5.18% to Rs 1,265 during trade so far. The scrip was trading 1.57% higher compared to a 0.19% decline in the Nifty 50 as of 10:14 a.m.

Stock Market News: Smartworks Coworking Lists At 7% Premium Over IPO Price

Smartworks Coworking Spaces Ltd.'s listed at a premium of 7% after a strong showing in the initial public offering this week. The scrip opened at Rs 435 on the NSE and Rs 436.1 on the BSE. The issue price was Rs 407.

The company raised Rs 445 crore via a fresh issue while exiting shareholders offloaded equity worth Rs 137.6 crore via an OFS.

Also Read: Smartworks Coworking Shares Jump 15% After Premium Listing

Stock Market News: Angel One Shares After Q1 Results

Shares of Angel One were trading higher after posting first quarter results. The scrip was trading 2.74% higher at Rs 2,790 as of 10:01 a.m. The scrip rose as much as 2.80% so far while Nifty was trading with 0.10% losses.

Stock Market News: ITC Hotels Shares After Q1 Results

After posting the first quarter results, the shares of ITC Hotels were trading flat. The scrip rose as much as 2.15% after open and is currently trading 1.72% lower at Rs 234. These gains compare to a 0.08% decline in the Nifty 50.

Stock Market News: L&T Technology Shares After Q1 Results

After posting the first quarter results, the shares of L&T Tech was trading higher. The scrip rose as much as 0.65% after open and is currently trading 0.11% higher at Rs 4,351. These gains compare to a 0.09% decline in the Nifty 50.

Stock Market News: Tech Mahindra Trades Higher

After posting first quarter results, the scrip was trading lower during early trade on Thursday. The scrip fell as much as 2.21% during trade so far and is currently trading 1.26% lower compared to a 0.05% decline in the Nifty 50.

Tech Mahindra is also the top loser in the Nifty 50, dragging the index after it marked losses of over 1%.

Stock Market News: Ixigo Shares Up Over 11%

The shares of Ixigo surges over 11% during early trade today after posting Q1 results on Wednesday. Le Travenues shares rose as much as 11.42% in trade so far and is currently trading 11.23% higher at Rs 199. These gains compare to a 0.05% gains in the Nifty 50 as of 9:26 a.m.

Stock Market News: Nifty Opens Above 25,200, Sensex Trades Flat

The Nifty opened above the 25,200 mark while the Sensex was trading in the green but flat. Majority of the sectors opened in green with Nifty Reality leading.

USD-INR Check: Rupee Strengthens Against US Dollar

The Indian Rupee appreciated by 4 paise against US dollar to open at 85.9, according to Bloomberg. Dollar index up 0.15% at 98.53, as it recovers from decline on Trump-Powell feud.

Stock Market News: Nifty Above 25,200, Sensex Up Over 100 Points At Pre-Open

Ahead of market open, Nifty was trading over the 25,200 mark as was steady at 25,230. While the Sensex was also trading in the green, over 100 points up at 82,753 as of 9:12 a.m.

Stock Market News: RBI Unlikely To Let Private Equity Firms Own Significant Stake In Domestic Banks

While India's banking regulator remains open to the idea of allowing foreign banks to own a 26% stake in domestic lenders, private equity firms will likely not get approvals, according to two people with knowledge of the matter.

Read the full NDTV Profit Exclusive here.

Also Read: RBI Unlikely To Let Private Equity Firms Own Significant Stake In Domestic Banks | Profit Exclusive

L&T Tech Q1 Review: Brokerages Split Views

L&T Technology Services posted its first-quarter earnings for the current fiscal year, drawing a mixed bag of sentiments from Citi and Morgan Stanley. While both firms acknowledged the prevailing macroeconomic challenges, they took divergent stances on L&T Tech's performance.

Read the full story for details like target price here.

Also Read: L&T Tech Q1 Review: Brokerages Split As Morgan Stanley Sees Gradual Recovery But Citi Stays Bearish

Bonus Issues: Samvardhana Motherson, Motherson Sumi And More

Shares of Samvardhana Motherson International Ltd., Motherson Sumi Wiring India Ltd., Bright Outdoor Media Ltd., and IFGL Refractories Ltd. will be on market radar on Thursday as it marks the last session for investors to buy shares before the record date for a bonus issue.

Find out the details here

Stock Market News: 41 Dividend Stocks From Bharti Airtel To Mahindra Bank

Shares of Bharti Airtel Ltd., Dabur India Ltd., HCLTech Ltd., Kotak Mahindra Bank Ltd. and 37 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.

Click here for the details

Also Read: Bonus Issues: Samvardhana Motherson, Motherson Sumi, And Two More — Last Day To Buy Shares To Qualify

Stock Market News Live: Q1 Earnings To Watch

Big names in the IT, Financial and energy space are set to announce their first quarter results. Companies like Wipro, Axis Bank, 360 One WAM, Ceat, Clean Science and Technology, HDFC AMC, Heritage Foods, Indian Hotels Company, Jio Financial Services, LTIMindtree, Newgen Software Technologies are set to post results today.

While names like Nuvoco Vistas Corporation, Polycab India, Route Mobile, Shoppers Stop, South Indian Bank, Sunteck Realty, Sterling and Wilson Renewable Energy, Tata Communications, Waaree Renewable Technologies are also expected to announce earnings.

ITC Hotels: Jefferies' Take On Q1 Results

  • Maintain 'Buy' and hike target price to Rs 270 from Rs 240.

  • The company delivered a healthy beat with positive surprises across the board.

  • Robust growth in Revenue Per Available Room (RevPAR) was primarily driven by the scale-up in the Sri Lanka project and higher other income.

  • Q1 also saw additional overhead costs following the demerger.

  • The company remains focused on scaling its capacity to over 20,000 keys (from the current 13,500) by 2030, largely through asset-light expansions.

  • Ebitda estimates have been raised by approximately 4% for FY26-FY28

Tech Mahindra: What Morgan Stanley Says

  • Maintain 'Underperform' and reduce target price to Rs 1,555 from Rs 1,575.

  • The company effectively delivered on its margins.

  • Key positives include strong deal wins, stability in top clients, and steady improvement in margins.

  • However, significant concerns remain, such as the weak conversion of deals to revenue, a challenging outlook for verticals like manufacturing, and a weak macroeconomic environment.

  • We maintain an Underperform rating due to the risks to consensus estimates and premium valuation multiples.

Also Read: Stock Picks Today: What Brokerages Are Saying About Tech Mahindra, L&T Tech, Angel One, ITC Hotels

Stock Market News Live: Global Markets

Asian stocks struggled for direction at the open after US markets had a volatile session amid speculation about the future of Federal Reserve Chair Jerome Powell.

The S&P 500 finished within striking distance of all-time highs after whipsawing on whether President Donald Trump will fire Powell. The Nasdaq Composite rose 0.25% to a fresh record and Dow Jones Industrial Average added 0.5%.

Also Read: Stock Market Today: All You Need To Know Going Into Trade On July 17

Stock Market News Live: GIFT Nifty Indicates Positive Start

Good morning! Welcome to NDTV Profit's live coverage of the Indian equity markets. Here we bring you real-time updates, sharp analyst insights, top stock picks, and all the market moving news you need. Stay tuned and stay ahead of the curve.

The GIFT Nifty was trading near 25,270 early Thursday. The futures contract based on the benchmark Nifty 50 was up 0.15% at 25,270 as of 7:13 a.m. indicating a start in the green for the Indian markets.

India's benchmark equity indices snapped four sessions of losses to close higher on Tuesday, led by gains in auto and financial stocks. HCL Technologies Ltd. took a beating after June quarter disappointment.

The NSE Nifty 50 ended 113.5 points or 0.45% higher at 25,195.8, while the BSE Sensex closed 317.45 points or 0.39% up at 82,570.91.

Also Read: Stock Market Highlights: Nifty, Sensex End Flat Amid Asia-Wide Decline

Watch LIVE TV, Get Stock Market Updates, Top Business, IPO and Latest News on NDTV Profit.
WRITTEN BY
Ann Jacob
Ann Jacob tracks markets with a special focus on personal finance. She clos... more
GET REGULAR UPDATES