Stock Market News Today Live Updates: GIFT Nifty Points To Positive Open For Nifty, Sensex; Brent Crude Extends Gains To Above $79 A Barrel
The GIFT Nifty, an early indicator of Nifty 50's performance, traded at24,004, compared to Wednesday.s index close of 23,882.05.
Hello and welcome to our live coverage on stock markets.
The GIFT Nifty, an early indicator of Nifty 50's performance, traded at 24,004. On Wednesday, the benchmarks logged their worst single-day fall since March 30 after US President Donald Trump said the ceasefire with Iran was over. The Nifty 50 closed 516.65 points, or 2.12%, lower at 23,882.05. The Sensex fell 1,677.12 points, or 2.15%, to 76,503.60.
Meanwhile, Oil prices extended gains after the US struck targets in Iran for a second day, raising risks to energy supplies from the Middle East. Brent crude rose as much as 1.4% to above $79 a barrel after surging more than 5% on Wednesday. West Texas Intermediate traded near $74 a barrel.
Elsewhere, Asian markets traded mixed on Thursday, excluding the Nifty 50. South Korea's Kospi surged 4.04% after falling into a bear market on Wednesday, while Japan's Nikkei 225 gained 2%. Australia's ASX 200 fell 0.59%, Hong Kong's Hang Seng slipped 0.07%, and Shanghai declined 0.03%.
Stock Market Live: Trump Shares Visuals Of Fresh US Strikes On Iran
- Fresh visuals purporting to show US strikes across multiple Iranian cities emerged on Wednesday, with US President Donald Trump sharing images and videos of fires and explosions in Iranshahr.
- The videos came after US Central Command confirmed additional strikes aimed at securing shipping lanes through the Strait of Hormuz.
- Trump said the strikes were in response to the bombing of commercial vessels transiting the strait.
Stock Market Live: Sensex Expiry, TCS Q1 Earnings Among Key Events Today
- Investors will track Sensex expiry and Q1 earnings from TCS, GM Breweries and Anand Rathi Wealth.
- Asian Paints and JSW Energy will hold their annual general meetings, while Premier Explosives' board will meet for a strategic update.
- Other events in focus include Prime Minister Narendra Modi's visit to Australia, US initial jobless claims data and Laser Power & Infra IPO opening.
Stock Market Live: SBI Funds Management Sets IPO Price Band At Rs 545–574
- SBI Funds Management has set a price band of Rs 545–574 per share for its Rs 11,692.91 crore IPO.
- The issue will open for subscription on July 14. At the upper end of the price band, the asset manager will be valued at nearly Rs 1.17 lakh crore.
- The IPO is entirely an offer for sale of over 20 crore shares, with no fresh issue component. A retail investor will need at least Rs 14,924 to apply for one lot of 26 shares.
Stock Market Live: TCS Hiring To Remain In Focus After March Quarter Additions
- Tata Consultancy Services’ hiring will be tracked after the company returned to net employee additions in the March quarter.
- TCS added 2,356 employees in Q4 FY26 after reducing headcount by 19,755 in the September quarter and 11,151 in the December quarter.
- Bloomberg consensus estimates a net workforce reduction of 6,875 in Q1 FY27, taking total headcount to 5,91,437.
Stock Market Live: Brokerages See TCS Wage Hikes Pressuring Margins
- Brokerages expect Tata Consultancy Services’ annual salary revisions to weigh on margins in the near term.
- Investec expects margins to decline by about 140 basis points due to wage hikes, while IIFL Capital sees around 100 basis points of margin contraction from the full-quarter impact.
- CLSA expects wage hikes to reduce margins by 150–200 basis points, while HSBC expects sequential margin pressure from annual salary revisions.
Stock Market Live: Salary Hikes, Hiring And AI In Focus Ahead Of TCS Earnings
- Tata Consultancy Services’ first-quarter earnings call is expected to focus on salary hikes, hiring, attrition and artificial intelligence.
- Investors will look beyond revenue and profit for cues on the company’s cost outlook, workforce plans and client demand.
Stock Market Live: TCS Dividend In Focus Alongside Q1 Results
- Investors will track Tata Consultancy Services’ interim dividend announcement along with its June-quarter results today.
- Bloomberg consensus estimates a dividend payout of Rs 19.33 per share.
- TCS has announced first-quarter dividends below Bloomberg consensus estimates in each of the past three financial years.
Stock Market Live: TCS To Kick Off Q1 Earnings Season Today
- Tata Consultancy Services will report its June quarter earnings later today, marking the start of the Q1 earnings season.
- The IT services company is expected to report modest revenue growth, while margin and profit may face pressure from the full-quarter impact of wage hikes and uncertain demand.
TCS Q1 Preview (Consolidated, QoQ, Bloomberg Estimates)
- Revenue seen 1% higher at Rs 71,743 crore versus Rs 70,698 crore
- EBIT seen 3% lower at Rs 17,284 crore versus Rs 17,870
- EBIT Margin seen at 24.19% versus 25.27%
- Profit seen 2% lower at Rs 13,485 crore versus Rs 13,718 crore
Stock Market Live: Asian Markets Trade Mixed As Kospi Rebounds From Bear Market
- Asian markets traded mixed on Thursday, excluding the Nifty 50.
- South Korea’s Kospi surged 4.04% after falling into a bear market on Wednesday, while Japan’s Nikkei 225 gained 2%.
- Australia’s ASX 200 fell 0.59%, Hong Kong’s Hang Seng slipped 0.07%, and Shanghai declined 0.03%.
Stock Market Live: Oil Extends Surge As US Strikes Iran For Second Day
- Oil prices extended gains after the US struck targets in Iran for a second day, raising risks to energy supplies from the Middle East.
- Brent crude rose as much as 1.4% to above $79 a barrel after jumping more than 5% on Wednesday. West Texas Intermediate traded near $74 a barrel.
Stock Market Live: GIFT Nifty Signals Higher Start For Indian Markets
- GIFT Nifty traded at 24,004, compared with Wednesday’s Nifty 50 close of 23,882.05.
- The early indicator showed a gain of 121.95 points from the previous close.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
