Stock Market News Today Live Updates: Nifty Gains Near 24,000, Sensex Rises Over 200 Points; TCS Lead IT Stocks Decline Ahead Of Q1 Results

• The Nifty 50 rose as much as 0.4% to 23,971.15 on Thursday.
• The Sensex gained as much as 249 points, or 0.33%, to 76,752.45.
• The rebound came after both benchmarks logged their worst single-day fall in over three months on Wednesday.

• The Nifty 50 traded 46.90 points, or 0.20%, higher at 23,928.95 in pre-market trade.
• The Sensex was up 72.54 points, or 0.09%, at 76,576.14.

The rupee opened flat and later appreciated as much as 3 paise to 95.52 against the US dollar.

• Investec maintained a buy rating on Delhivery and raised its target price to Rs 610 from Rs 560.
• The brokerage expects express parcel volume growth to remain strong and said there was no material change in Meesho’s insourcing plans.
• It expects PTL growth momentum to continue and the SCS business to accelerate, though near-term margin pressure remains.

• Investec initiated coverage on Hyundai Motor India with a hold rating and a target price of Rs 2,100.
• The brokerage said the four-wheeler growth runway remains intact and Hyundai remains a key player in the Indian passenger vehicle market.
• It said a refreshed product pipeline could help stabilise and rebuild market share, though a sharper inflection may come after FY28 as most launches reach the market.

• HSBC said Indian IT companies should hope for the global AI investment cycle to continue.
• The brokerage said any moderation in global AI investments and the AI narrative would not be a positive read-across for Indian IT, as the sector may still face tech deflation and lower incremental business.
• It said valuations are at a bottom and may improve if the global AI narrative moderates.

• JPMorgan kept its year-end Nifty 50 targets at 30,000 in the bull case, 27,000 in the base case and 20,500 in the bear case.
• The brokerage said Q1 FY27 top-line strength could offset margin pressure from elevated raw material costs, though profits may remain tempered.
• JPMorgan upgraded pharma to neutral, citing support from rupee depreciation, and said small and mid-caps may continue to post stronger earnings growth than large-caps.

• Jefferies’ Mahesh Nandurkar said a broad reversal of the multi-year SMID-cap outperformance trend is unlikely, though the earnings growth gap with large caps is narrowing.
• The brokerage said banks and lenders are the preferred way to play a potential mean-reversion trade, aided by earnings growth acceleration.
• Jefferies increased weight in lending financials by removing Hindustan Zinc and said banks remain among its preferred large-cap sectors.

• Nifty July futures fell 2.24% to 23,892.70, trading at a premium of 10 points.
• In options, the maximum call open interest was at 24,500, while the maximum put open interest was at 23,500.
• No securities are in the F&O ban period.

• Bayer AG bought 53.54 lakh shares in Bayer Cropscience at Rs 4,122.30 apiece, while Bayer Cropscience Aktiengesellschaft sold the same quantity at the same price.
• Amicus Capital Private Equity I sold 8.34 lakh shares in Capital Small Finance Bank at Rs 300 apiece. Lyptus Punch-Card Fund bought the same quantity at the same price.
• Other bulk deals included IOL Chemicals and Pharmaceuticals, Knack Packaging, Ramco Systems, Saksoft and Share India Securities.

Kansai Nerolac, Lloyds Enterprises, Tata Communications, Asian Paints and JSW Energy will hold their annual general meetings today.

• Laser Power & Infra’s Rs 742 crore IPO opens for subscription today and will close on July 13.
• The issue comprises a fresh issue of 2.53 crore shares worth Rs 542 crore and an offer for sale of 0.93 crore shares worth Rs 200 crore.
• The company reported total income of Rs 2,347.89 crore, profit after tax of Rs 151.59 crore and EBITDA of Rs 301.44 crore in the latest reported period.

• Tata Steel reported an 11% year-on-year rise in India crude steel production to 5.82 million tonnes in Q1 FY27, while deliveries rose 9% to 5.17 million tonnes.
• IRB Infrastructure said June toll collections rose 28% year-on-year to Rs 808 crore. JSW Energy commissioned 1,081 MW of renewable energy capacity since April 2026, taking total installed capacity to 14,535 MW.
• Phoenix Mills reported a 32% year-on-year rise in Q1 retail consumption to Rs 4,727 crore, while Indian Bank shareholders approved raising up to Rs 5,000 crore through QIP, FPO or rights issue.

• 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.

• 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.

• 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.

• 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.

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• 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%.

• 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.

• 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.