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The GIFT Nifty was trading flat at 24,833 as of 7:30 a.m., indicating a muted open for the benchmark Nifty 50.
US index futures climbed after the European Union struck a deal with President Donald Trump that will see the bloc face 15% tariffs on most exports, averting a potentially damaging trade war. S&P 500 contracts rose 0.4% and those for European stocks jumped 1%, according to Bloomberg.
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Markets On Home Turf
The benchmark equity indices closed lower for the second straight day on Friday, weighed down by shares of Bajaj Finance Ltd., Infosys Ltd. and Reliance Industries Ltd. The indices recorded the longest weekly declining streak since Oct. 21, 2024.
The NSE Nifty 50 ended 225.1 points or 0.9% lower at 24,837, while the BSE Sensex closed 721.08 points or 0.88% down at 81,463.09.
Foreign portfolio investors stayed net sellers of Indian shares for the fifth consecutive day on Friday as they sold stocks worth Rs 1,979.96 crore, according to provisional data from the NSE.
The domestic institutional investors, who stayed buyers for the 15th straight session, acquired stocks worth Rs 2,138.59 crore.
Also Read: Stock Market Highlights: Nifty, Sensex Record Longest Weekly Declining Streak Since October 2024
Wall Street Recap
US stocks rose to fresh records on Friday, as investors braced for earnings from some of Wall Street’s biggest technology companies in the coming week. The S&P 500 Index rose 0.4% to notch its fifth-straight all-time high and its fourth week of gains in the last five. The tech-heavy Nasdaq 100 Index rose 0.2%, also closing at a record.
Asia Market Update
Asian equities were under pressure on Monday, with Japanese and Korean shares declining. Investors are bracing for a busy week of data, including meetings of the Federal Reserve and the Bank of Japan.
Nikkei down 0.6%
Topix down 0.4%
Kospi down 0.1%
S&P/ASX 200 up 0.25%
Hang Seng futures up 0.1%
Commodities Check
Oil rose after the US and European Union agreed on a trade deal ahead of President Donald Trump’s tariff deadline of Aug. 1. Brent was above $68 a barrel after closing 1.1% lower on Friday, and West Texas Intermediate traded near $65.
Prices of all industrial metals decline on the London Metal Exchange:
Copper down 1%
Aluminium down 0.4%
Nickel down 0.9%
Zinc down 0.7%
Lead down 0.4%
Earnings To Watch
Adani Green Energy, Apollo Micro Systems, Adani Total Gas, Gail (India), IndusInd Bank, Mazagon Dock Shipbuilders, JK Paper, KEC International, Laxmi Organic Industries, Mold-Tek Packaging, Motherson Sumi Wiring India, Nippon Life India AMC, NTPC Green Energy, Paradeep Phosphates, Piramal Pharma, Quess Corp, RailTel Corporation of India, Sanghi Industries, Transport Corporation of India, Thangamayil Jewellery, Torrent Pharmaceuticals, TTK Prestige, UPL, Vijaya Diagnostic Centre, Waaree Energies, Archean Chemical Industries, Ajanta Pharma, Arvind Fashions, Arvind SmartSpaces, Astec Lifesciences, Bharat Electronics, CarTrade Tech, Chemplast Sanmar, Fedbank Financial Services, Five-Star Business Finance, Go Digit General Insurance, Gravita India, IIFL Capital Services.
Earnings Reaction To Watch
Acme Solar Result Highlights (Consolidated, YoY)
Revenue rises 65% to Rs 511 crore versus Rs 310 crore.
Ebitda up 68.5% to Rs 458 crore versus Rs 272 crore.
Net Profit at Rs 131 crore versus Rs 1.4 crore.
Margin at 89.6% Vs 87.8%.
J&K Bank Result Highlights (Standalone, YoY)
Total income up 10.4% to Rs 3,518.57 crore versus Rs 3,188.48 crore.
Net Profit up 16.7% to Rs 484.84 crore versus Rs 415.49 crore.
Net interest income rises 7% to Rs 1,465.83 crore versus Rs 1,369.22 crore.
Gross NPA ratio at 3.50% versus 3.37%, (QoQ)
Net NPA ratio at 0.82% versus 0.79%, (QoQ)
SAIL Result Highlights (Consolidated, QoQ)
Revenue down 11.6% to Rs 25,921.76 crore versus Rs 29,316.14 crore.
Ebitda down 21% to Rs 2,768.66 crore versus Rs 3,483.87 crore.
Margin at 10.7% versus 11.9%.
Net Profit down 40% to Rs 744.58 crore versus Rs 1,251.00 crore.
Orient Cements Result Highlights (YoY)
Revenue up 24.4% to Rs 866.48 crore versus Rs 696.27 crore.
Ebitda up 90% to Rs 182.61 crore versus Rs 95.99 crore.
Margin at 21.1% versus 13.8%.
Net Profit up 459% to Rs 205.37 crore versus Rs 36.71 crore.
RPG Life Science Result Highlights (Consolidated, YoY)
Revenue rises 2.1% to Rs 169 crore versus Rs 165 crore.
Ebitda drops 9.2% to Rs 35.5 crore versus Rs 39.1 crore.
Margin at 21% versus 23.6%.
Net Profit falls 2% to Rs 26.3 crore versus Rs 26.8 crore.
Petronet LNG Result Highlights (QoQ)
Revenue down 3.5% to Rs 11,879.86 crore versus Rs 12,315.75 crore.
Ebitda down 23% to Rs 1,159.72 crore versus Rs 1,512.92 crore.
Margin at 9.8% versus 12.3%.
Net Profit down 21% to Rs 850.58 crore versus Rs 1,070.18 crore.
Prataap Snacks Result Highlights (Consolidated, YoY)
Revenue down 2.5% to Rs 411.00 crore versus Rs 421.44 crore.
Ebitda down 40% to Rs 18.01 crore versus Rs 30.03 crore.
Margin at 4.4% versus 7.1%.
Net Profit down 93% to Rs 0.69 crore versus Rs 9.44 crore.
Tamilnad Mercantile Bank Result Highlights (Standalone, YoY)
Total income up 6.8% to Rs 1,617.47 crore versus Rs 1,514.87 crore.
Net Profit up 6.1% to Rs 304.89 crore versus Rs 287.29 crore.
Net interest income rises 2% to Rs 579.55 crore versus Rs 566.56 crore.
Gross NPA ratio at 1.22% versus 1.25% (QoQ)
Net NPA ratio at 0.33% versus 0.36% (QoQ)
Sobha Result Highlights (Consolidated, YoY)
Revenue up 33.0% to Rs 851.93 crore versus Rs 640.40 crore.
Ebitda down 57% to Rs 23.81 crore versus Rs 55.92 crore.
Margin at 2.8% versus 8.7%.
Net Profit up 125% to Rs 13.62 crore versus Rs 6.06 crore.
Also Read: Sobha Q1 Results: Profit More Than Doubles
Gujarat Mineral Development Corporation Result Highlights (Consolidated, QoQ)
Revenue down 6.8% to Rs 732.60 crore versus Rs 786.28 crore.
Ebitda down 13% to Rs 169.24 crore versus Rs 193.56 crore.
Margin at 23.1% versus 24.6%.
Net Profit down 28% to Rs 163.77 crore versus Rs 226.22 crore.
Tata Chemical Result Highlights (Consolidated, YoY)
Revenue down 1.8% to Rs 3,719 crore versus Rs 3,789 crore.
Ebitda up 13% to Rs 649 crore versus Rs 574 crore.
Margin at 17.5% versus 15.1%
Net Profit up 68% to Rs 252 crore versus Rs 150 crore.
SBI Cards Result Highlights (YoY)
Net Interest Income rises 14% to Rs 1,680 crore versus Rs 1,476 crore.
Net Profit falls 6.5% to Rs 556 crore versus Rs 594 crore.
Poonawalla Fincorp Result Highlights (Standalone, YoY)
Net Interest Income rises 11% to Rs 639 crore versus Rs 576 crore.
Net Profit falls 78.5% to Rs 62.6 crore versus Rs 292 crore.
Increases borrowing limit to Rs 75,000 crore from Rs 50,000 crore.
Approves raising funds worth Rs 1,500 crore via equity.
Aadhar Housing Result Highlights (YoY)
Net Interest Income rises 21.6% to Rs 428 crore versus Rs 352 crore.
Net Profit up 18.6% to Rs 237 crore versus Rs 200 crore.
Bank Of Baroda Result Highlights (Standalone, YoY)
Net Profit up 1.9% to Rs 4,541 crore versus Rs 4,458 crore.
Net interest income falls 1% to Rs 11,434.78 crore versus Rs 11,600.1 crore.
Gross NPA ratio at 2.28% versus 2.26%.
Net NPA ratio at 0.60% versus 0.58%.
Schaeffler India Earnings Highlight (Consolidated, YoY)
Revenue rises 11.7% to Rs 2,353 crore versus Rs 2,107 crore.
Ebitda rises 14.3% to Rs 430 crore versus Rs 376 crore.
Margin at 18.3% versus 17.9%.
Net Profit rises 17% to Rs 287 crore versus Rs 245 crore.
Home First Finance Earnings Highlight (YoY)
NII up 33% at Rs 194 crore versus Rs 146 crore.
Net Profit up 35.5% at Rs 119 crore versus Rs 87.8 crore.
Lodha Developers Earnings Highlight (Consolidated, YoY)
Revenue up 22.7% at Rs 3,492 crore versus Rs 2,847 crore.
Ebitda up 30.1% at Rs 984 crore versus Rs 757 crore.
Margin at 28.2% versus 26.6%.
Net profit up 42% at Rs 675 crore versus Rs 475 crore.
Kotak Mahindra Bank Earnings Highlight (QoQ)
Fresh slippages at Rs 1,812 crore versus Rs 1,488 crore.
Deposits up 13% YoY to Rs 4.91 lakh crore.
Gross NPA at 1.48% versus 1.42%.
Net NPA at 0.34% versus 0.31%.
Provisions up 33% at Rs 1,208 crore versus Rs 909 crore.
Net profit down 7.6% at Rs 3,282 crore versus Rs 3,552 crore.
NIM at 4.65% versus 4.97%.
IDFC First Bank Earnings Highlight (YoY)
Net profit down 32% at Rs 463 crore.
NII up 5.1% to Rs 4,933 crore.
Provisions up 67% at Rs 1,659 crore.
NIM at 5.71%, down 24 bps QoQ.
Gross NPA at 1.97% versus 1.87%.
Net NPA at 0.55% versus 0.53%.
CDSL Earnings Highlight (Consolidated, YoY)
56+ lakh new demat accounts opened in first quarter.
Total demat accounts crossed 15.86 crore as of June 30.
Revenue up 0.6% at Rs 258.8 crore versus Rs 257.4 crore.
Ebitda down 15.5% at Rs 130.4 crore versus Rs 154.4 crore.
Margin at 50.4% versus 60%.
Net profit down 23.7% at Rs 102.4 crore versus Rs 134.2 crore.
Sudarshan Chemical Q4 Earnings Highlight (Consolidated, YoY)
Revenue up 76.6% at Rs 1,349 crore versus Rs 764 crore.
Ebitda up 6.6% at Rs 127 crore versus Rs 119 crore.
Margin at 9.4% versus 15.6%.
Net profit at Rs 0.3 crore versus Rs 58 crore.
SBFC Finance Earnings Highlight (YoY)
Net profit up 28.2% at Rs 101 crore versus Rs 78.7 crore.
NII up 30% at Rs 230 crore versus Rs 176 crore.
Impairment up 67.6% at Rs 24.8 crore versus Rs 14.8 crore.
Jain Irrigation Earnings Highlight (Consolidated, YoY)
Revenue up 4.6% at Rs 1,546 crore versus Rs 1,478 crore.
Ebitda up 13% at Rs 202 crore versus Rs 178.7 crore.
Margin at 13.1% versus 12.1%.
Net profit up 2.5% at Rs 13.9 crore versus Rs 13.6 crore.
Affle Earnings Highlight (Consolidated, QoQ)
Revenue up 3.1% at Rs 621 crore versus Rs 602 crore.
EBIT up 6.1% at Rs 114 crore versus Rs 107 crore.
Margin at 18.3% versus 17.8%.
Net profit up 2.4% at Rs 106 crore versus Rs 103 crore.
Whirlpool Earnings Highlight (Consolidated, YoY)
Revenue down 2.6% at Rs 2,432 crore versus Rs 2,496 crore.
Ebitda up 0.2% at Rs 210.8 crore versus Rs 210.4 crore.
Margin at 8.66% versus 8.42%.
Net profit up 1.4% at Rs 146 crore versus Rs 144 crore.
Balkrishna Industries Earnings Highlight (Consolidated, YoY)
Revenue up 1.7% at Rs 2,760 crore versus Rs 2,715 crore.
Ebitda down 23.7% at Rs 506 crore versus Rs 664 crore.
Margin at 18.3% versus 24.4%.
Net profit down 41.2% at Rs 288 crore versus Rs 490 crore.
Rainbow Children’s Medicare Earnings Highlight (Consolidated, YoY)
Revenue up 6.9% at Rs 353 crore versus Rs 330 crore
Ebitda up 10.5% at Rs 104 crore versus Rs 93.7 crore
Margin at 29.3% versus 28.4%
Net profit up 35.4% at Rs 53.5 crore versus Rs 39.5 crore
Expanded to Warangal via acquisition
New hospitals progressing in Rajahmundry, Bengaluru, Coimbatore, and NCR
Operational beds up 15% YoY; occupancy down 217 bps
Premier Energies Earnings Highlight (Consolidated, YoY)
Revenue up 9.9% at Rs 1,821 crore versus Rs 1,657 crore.
Ebitda up 53% at Rs 548 crore versus Rs 358 crore.
Margin at 30.1% versus 21.6%.
Net profit up 56.3% at Rs 308 crore versus Rs 197 crore.
Zen Technologies Earnings Highlight (Consolidated, YoY)
Revenue down 37.9% at Rs 158 crore versus Rs 255 crore.
Ebitda down 41.9% at Rs 64.7 crore versus Rs 111 crore.
Margin at 40.9% versus 43.7%.
Net profit down 37.8% at Rs 47.8 crore versus Rs 76.8 crore.
Schaeffler India Earnings Highlight (Consolidated, YoY)
Revenue up 11.7% at Rs 2,353 crore versus Rs 2,107 crore.
Ebitda up 14.3% at Rs 430 crore versus Rs 376 crore.
Margin at 18.3% versus 17.9%.
Net profit up 17% at Rs 287 crore versus Rs 245 crore.
Stocks in News
JK Cement: Emerged as preferred bidder for Jaisalmer limestone block.
TVS Motor: Board to meet on 31 July to consider fund-raising via NCDs.
Hyundai Motor: Re-appointed C S Gopalakrishnan as Whole-Time Director, effective 28 July.
Tamilnad Mercantile Bank: Crossed Rs 1 lakh crore in business as on 24 July.
Reliance Power, Reliance Infra: Reliance Group has outlined a Rs 18,000 crore growth plan in defence, aerospace, and renewable energy through equity and debt.
Swiggy: Nominee directors Sumer Juneja and Anand Daniel have resigned.
Asian Energy Services: The company secured integrated service contract Rs 865 crore from Vedanta.
Sterlite Technologies: Appointed Naveen Bolalingappa as CEO, Digital Business Unit; Ajay Jhanjhari appointed CFO.
Balaji Telefilms: Does not see significant impact from OTT curbs; Govt disabled access to some platforms.
Shriram Finance: To consider raising funds via private placement of non-convertible debt.
TV Today: Approved acquisition of 100% stake in Romesh Films for Rs 200 crore.
Motilal Oswal Financial Services: To consider fund-raising via issuance of non-convertible debentures.
Wipro: Arm Wipro Holdings Hungary voluntarily liquidated with effect from 23 July 2025.
Route Mobile: Parent Proximus Global (with BICS & Telesign) recognised as ‘Visionary’.
Great Eastern Shipping: Contracted to buy a 2015-built Kamsarmax Dry Bulk Carrier (81,843 DWT); delivery expected by third quarter of this fiscal.
Morepen Laboratories: Incorporated step-down subsidiary Sigmacheck Health.
JSW Energy: NCLT allowed withdrawal of insolvency plea for KSK Water; company to implement settlement plan.
Indian Overseas Bank: Hong Kong branch fined ~Rs 9.29 crore by local authority for AML lapses.
Royal Orchid Hotels: Launched Regenta Resort Tropical Villages in Mysore.
PC Jeweller: Allotted 34.6 crore equity shares on warrant conversion.
Arihant Capital: Approved fund-raising of up to Rs 91.35 crore through equity issuance.
GAIL (India): Filed arbitration claim for Rs 639.18 crore over gas supply dispute.
Eveready: Entered into settlement agreement in arbitration case related to promoter dues.
Sona BLW: Clarified AGM held lawfully; Rani Kapur not a shareholder since 2019; Priya Sachdev Kapur appointed director.
Advanced Enzyme: Subsidiary JC Biotech to invest Rs 1 crore in group captive solar project with Raywatt Solar.
Aeroflex: Arm allotted 72 lakh convertible warrants; company subscribed to 36 lakh warrants.
Marksans Pharma: Re-appointed Mark Saldanha as MD, subject to shareholder approval.
Brigade Enterprises: Launched Brigade Avalon in Bengaluru; project spans 4.36 acres with Rs 1,000 crore potential revenue.
Karur Vysya Bank: Celebrated 109th Founder’s Day; RBI Deputy Governor launched cybersecurity initiative.
Maithan Alloys: Incorporated wholly owned subsidiary Maithan Nutrition Pvt Ltd.
Poonawalla Fincorp: Approved fund-raising of Rs 1,500 crore via preferential allotment at Rs 452.51 per share.
Petronet LNG: Approved Rs 4,049 crore investment for Odisha LNG terminal (5 MMTPA).
BEML: Signed MoU with Hindustan Shipyard for marine systems collaboration.
RITES: Received letter of intent from Bharat Electronics worth Rs 177 crore.
Cummins India: Received Rs 1.43 crore customs duty demand order for classification issue.
Nazara Tech: Arm extended Rs 12 crore unsecured loan to Curve Digital Entertainment (UK).
Dr. Reddy’s: Invested Rs 565.4 crore in Russia subsidiary, raising stake to 45.19%.
Va Tech Wabag: Secured Rs 380 crore order for water reuse project in Bengaluru.
IndusInd Bank: Chief Human Resources Officer Zubin Mody resigned; RBI extended executive committee’s tenure until 28 August.
Reliance Communications: Office searched by ED in Navi Mumbai as part of ongoing probe; operations continue.
Lemon Tree Hotels: Launched 49-room hotel in Himachal Pradesh—its fourth in the state.
Chennai Petro: Reported Q1 crude throughput of 2.981 MMT; GRM dropped to US$ 3.22/barrel.
Aadhar Housing: Blackstone units launched Rs 5,335 crore open offer for 25.82% stake.
Concord Biotech: Russian GMP inspection at Gujarat API facility completed (22–25 July).
Chembond Materials: Acquired 10-acre land in Karnataka for manufacturing unit.
Alembic Pharma: Received final USFDA approval for Carbamazepine ER tablets.
Ceigall India: Delhi Metro terminated Bhubaneswar project contract.
National Fertilizers: Entered JV with Assam Govt, Oil India, HURL, and BVFCL.
Jio Financial Services: Board to meet on 30 July to consider raising funds via equity instruments.
Ola Electric: Approved proposed variation in use of IPO proceeds.
Afcons Infra: Re-appointed Giridhar Rajagopalan as Deputy MD and Whole-Time Director.
Mahindra Holidays: Received GST demand notice of Rs 33 crore from Chennai tax authorities.
Veranda Learning: Completed acquisition of remaining stake in Neyyar Academy and Neyyar Education.
Also Read: Anil Ambani's Reliance Group Companies Under ED, CBI Scrutiny—Documents, Hard Drives Seized
CG Power: Received Rs 468 crore demand order from Income Tax Dept.
NIBE: Signed MoU with Elbit Systems for rocket launch system.
HFCL: Received SEBI warnings related to insider trading violations.
NTPC Green: Partnered with Bihar State Power Generation for renewable and battery storage projects.
Lumax Auto: Incorporated new subsidiary, Lumax Auto Solutions.
Balkrishna Industries: Entered premium radial tyre segment; targets 20% revenue contribution by FY30. Carbon black capacity to rise to 360,000 MTPA.
RPP Infra: Incorporated RPP Realtor as a wholly owned subsidiary in Sri Lanka.
IPO Offering
Indiqube Spaces: The public issue was subscribed to 12.41 times on day 3. The bids were led by Qualified institutional investors (14.35 times), non-institutional investors (8.27 times), retail investors (12.90 times) and reserved for employees (6.83 times).
GNG Electronics: The public issue was subscribed to 147.93 times on day 3. The bids were led by Qualified institutional investors (266.21 times), non-institutional investors (227.67times), retail investors (46.84 times).
Brigade Hotel Ventures: The public issue was subscribed to 1.19 times on day 2. The bids were led by Qualified institutional investors (0.08 times), non-institutional investors (0.98 times), retail investors (4.65 times), Employee Reserved (0.57 times), Reserve for shareholders (1.81 times).
Shanti Gold International: The public issue was subscribed to 1.16 times on day 1. The bids were led by Qualified institutional investors (0.01 times), non-institutional investors (1.09 times), retail investors (1.84 times).
Bulk & Block Deals
Authum Investment & Infrastructure: Fidelity Blue Chip Growth Fund bought 22.67 lakh shares (1.33%) at Rs 2,250 per share, Goldman Sachs (Singapore) bought 8.88 lakh shares (0.52%) at Rs 2,250 per share, Mentor Capital sold 58 lakh shares (3.41%) at Rs 2,253.57 per share.
Veranda: Parmar Developers and Properties bought 4.75 lakh shares (0.51%) at Rs. 221 per share.
Jindal Poly Films: First Water Fund bought and Haresh Tikamdas Kaswani sold 1.88lk shares (0.43%) at Rs. 600 per share.
Polyplex Corporation: First Water Fund boughtand Haresh Tikamdas Kaswani sold 2.23 lakh shares (0.71%) at Rs. 1,120 per share.
Pledge Shares Details
Go Fashion: Promoter & Director Rahul Saraogi Pledged 1.5 lakh shares.
Paisalo Digita: Promoter Group Equilibrated Venture Cflow acquired 74.7 lakh shares.
Trading Tweaks
List of securities shortlisted in Short - Term ASM Framework Stage - I: Datamatics Global Services, Indian Energy Exchange, Force Motors.
List of securities to be excluded from ASM Framework: Magellanic Cloud Limited. V2 Retail, Vadilal Industries.
Price Band change to 5% from 10%: Blue Jet Healthcare.
Price Band change to 10% from 5%: Brightcom Group.
Ex-Dividend: Shyam Metalics and Energy, KPIT Technologies, COSMO FIRST, Wipro, DLF, EIH Associated Hotels, CRISIL.
Also Read: 102 Dividend Stocks To Watch This Week — Maruti Suzuki, BPCL, Wipro, CRISIL, Bata India And More
F&O Cues
Nifty July Futures down by 0.99% to 24,847 at a premium of 10 points.
Nifty July futures open interest down by 1.61%.
Nifty Options 31 July Expiry: Maximum Call open interest at 25000 and Maximum Put open interest at 24,000.
Securities in ban period: RBL bank
Currency & Bond
The Indian rupee closed 11 paise weaker at 86.52 against the US dollar on Friday, slipping from Thursday’s close of 86.41, as a combination of global and domestic pressures weighed on the currency. The yield on the benchmark 10-year bond settled two basis points higher at 6.35%.
Also Read: Rupee Ends The Week Lower As Dollar Firms Up
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