Stock Market Highlights: Nifty, Sensex Recover From Steepest Fall In Over Three Months
Nifty IT was the only sectoral loser, falling 1.88%. Nifty Consumption rose 0.9%, while Nifty Realty gained 0.84% and Nifty Energy advanced 0.79%.
3 hours ago
Indian equity benchmarks recovered on Thursday after logging their steepest single-day fall in over three months on Wednesday. The NSE Nifty 50 closed 80.75 points, or 0.34%, higher at 23,962.80. The BSE Sensex ended 238.22 points, or 0.31%, higher at 76,741.82.
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.
Stock Market Wrap: Nifty, Sensex Recover After Wednesday’s Fall
- The Nifty 50 closed 80.75 points, or 0.34%, higher at 23,962.80.
- The Sensex ended 238.22 points, or 0.31%, higher at 76,741.82.
- Both benchmarks recovered after logging their steepest single-day fall in over three months on Wednesday.
Stock Market Live: Nifty IT Trades Flat After Intraday Recovery
- Nifty IT traded nearly flat at 27,564.45, up 0.03% from its previous close of 27,555.20.
- The index recovered from an intraday low of 27,014.50 and later came off its day’s high of 27,646.45.
Stock Market Live: Nifty, Sensex Come Off Day’s Highs
- The Nifty 50 traded 64.80 points, or 0.27%, higher at 23,946.85.
- The Sensex was up 172.83 points, or 0.23%, at 76,676.43.
- Both benchmarks were off the day’s highs.
Stock Market Live: Insolation Energy, Kalyan Jewellers, CE Info Systems Gain On Higher Volumes
- Insolation Energy snapped a four-day losing streak, rising more than 10% to a one-month high. Volumes were 18 times the 20-day average, and the stock posted its biggest single-day gain since April 2026.
- Kalyan Jewellers gained for the second straight day, rising almost 20% to a three-month high. Volumes were nine times the 20-day average, and the stock recorded its biggest single-day gain since listing in March 2026.
- CE Info Systems rose more than 15% to a two-month high. The stock has gained almost 35% so far in July, with volumes at eight times the 20-day average.
Stock Market Live: Ceigall India To Infuse Rs 109 Crore Into Velgaon Power Transmission
Ceigall India will infuse Rs 109 crore into project SPV Velgaon Power Transmission, according to an exchange filing.
Stock Market Live: European Markets Trade Higher; FTSE Slips
- European markets traded mostly higher, with the Stoxx 600 up 0.33%.
- Italy’s FTSE MIB rose 0.82%, Spain’s IBEX 35 gained 0.94%, and Germany’s DAX advanced 0.16%.
- The UK’s FTSE was the only major loser in the pack, falling 0.49%.
Stock Market Live: Asian Markets Close Mixed As Nikkei, Shanghai Gain
- Asian markets closed mixed on Thursday, excluding Indian benchmarks.
- Japan’s Nikkei 225 rose 1.38%, while Shanghai gained 1.65% and South Korea’s Kospi advanced 0.62%.
- Hong Kong’s Hang Seng fell 0.70%, while Australia’s ASX 200 declined 0.26%.
Stock Market Live: SBI Funds Management Says IPO Is Not For Capital Needs
- SBI Funds Management told NDTV Profit that its IPO is not for capital requirements and that the benefit of its large franchise is reflected in valuations.
- The company said it has built a digital assets ecosystem and expects KYC 2.0 to improve penetration. It also said market volatility is unlikely to affect the IPO.
- SBI Funds Management expects the active funds mix to rise, with active funds growing faster than passive funds. It said Amundi will remain a significant long-term investor.
Stock Market Live: High Court Restrains Oberoi Realty From Fresh Allotments In Gurugram Project
- The Punjab and Haryana High Court restrained Oberoi Realty from making fresh allotments or creating third-party rights in its Oberoi 360 North project in Gurugram.
- The order will apply until the Haryana Department of Town and Country Planning decides a pending complaint challenging the project licence.
- The complaint alleges violations of FDI norms and other provisions. The court recorded the allegations and did not express any finding on their merits.
Stock Market Live: Piramal Pharma Shares Gain 3%
Piramal Pharma Share Price Intraday
Piramal Pharma gained close to 3% in the intraday session on Thursday as the pharma company got a clean chit from the United States Food and Drug Administration. As the company announced the successful completion of the inspection by the US FDA, strong buying interest has been witnessed in the stock. The stock was trading at Rs 172.1 apiece, rising by 4 points on the NSE. The stock closed at Rs 168.1 per piece on yesterday, on July 8.
READ MORE: Piramal Pharma Share Price Gains Over 3% As US FDA Closes Inspection
Stock Market Live: Zostel Flags OYO IPO Papers To SEBI
Zostel Hospitality has approached the Securities and Exchange Board of India (SEBI), seeking a review of disclosures made by Prism, the parent of OYO, in its updated draft red herring prospectus (UDRHP) ahead of its proposed initial public offering.
In a 56-page regulatory representation submitted to SEBI, Zostel has alleged that OYO's draft offer document presents the long-running legal dispute between the two companies in a "materially incomplete, misleading and selective" manner.
READ FULL HERE:
Zostel Flags OYO's IPO Papers To SEBI Over Alleged Gaps In Dispute Disclosures
Stock Market Live: Bayer AG Buys 11.9% Stake In Bayer CropScience For Rs 2,207 Crore
- Bayer AG bought 53.54 lakh shares, or an 11.91% stake, in Bayer CropScience for Rs 2,207.09 crore through a block deal.
- The transaction was executed at Rs 4,122.30 per share. Bayer CropScience Aktiengesellschaft sold an equal number of shares and exited the company.
- Following the deal, Bayer AG’s stake in Bayer CropScience rose to 20.34% from 8.43%. The transaction was an inter-promoter transfer and did not change overall promoter shareholding.
Stock Market Live: HFCL Expects Defence Revenue From Q1 FY28
- HFCL expects revenue from its defence business to start from Q1 FY28, with execution of a major defence order set to begin next fiscal, according to sources.
- The company is bidding for Army fibre optic cable and thermal imaging tenders, and has been shortlisted for the Infantry Combat Vehicle programme.
- HFCL is also developing surveillance radars, anti-drone systems and jammers. Its Puttaparthi plant will manufacture ammunition and hand grenades.
Stock Market Live: Premier Energies Opens Solar Module Unit In Telangana
- Premier Energies launched a solar module manufacturing unit in Telangana, according to an exchange filing.
- The company also broke ground for a 6 GWh battery energy storage systems unit and an 18,000 MTPA aluminium unit.
Stock Market Live: Nifty, Bank Nifty Rebound As Broader Markets Outperform
- Nifty and Bank Nifty saw a strong rebound, supported by a technical reversal, while broader indices outperformed the benchmarks.
- Value buying returned in small- and mid-cap shares, with realty showing technical strength.
- The rupee strengthened, yields moderated, and investors tracked TCS Q1 earnings, US initial jobless claims data and signs of stabilisation in the global AI trade.
Stock Market Live: Piramal Pharma Gets EIR From US FDA For Manufacturing Facility
- Piramal Pharma said the US FDA issued an Establishment Inspection Report for its US manufacturing facility.
- The company disclosed the update in an exchange filing.
Stock Market Live: GM Breweries Q1 Net Profit Rises 46%
- GM Breweries reported a 45.6% year-on-year rise in consolidated net profit to Rs 37.7 crore in Q1.
- Revenue rose 25.8% to Rs 200 crore, while EBITDA increased 52% to Rs 46.4 crore.
- EBITDA margin widened to 23.2% from 18.7% a year earlier.
Stock Market Live: Piramal Pharma Gets EIR From US FDA For Manufacturing Facility
- Piramal Pharma said the US FDA issued an Establishment Inspection Report for its US manufacturing facility.
- The company disclosed the update in an exchange filing.
Stock Market Live: India, Australia To Work On Rare Earths And Critical Minerals
- Prime Minister Narendra Modi said India and Australia will work on a rare earths corridor and move faster on bilateral investment.
- He said critical minerals cooperation with Australia is important, and the partnership is also supporting India’s clean energy push.
Stock Market Live: India, Australia Sign Joint Declaration To Boost Security Cooperation
- India and Australia signed a joint declaration to increase cooperation in security, Prime Minister Narendra Modi said.
- He said the India-Australia Defence Innovation Corridor will connect defence start-ups and industries.
- Both countries will also work on shipbuilding, repair and maintenance.
Stock Market Live: Piper Serica Says New-Age Companies May Draw More Investment
- Piper Serica told NDTV Profit that new-age companies could attract more investments from here on, while IT and large banks may struggle for another year.
- The firm said it is positive on Indian midcap pharma and sees mid- and small-cap stocks as areas for returns.
- It said market corrections like Wednesday’s can be used to allocate cash, while daily uncertainty should not drive reactions.
Stock Market Live: Derivatives Positioning Keeps Focus On 24,000 And 58,000
Current derivatives positioning suggests traders are closely watching:
- Nifty support: 24,000
- Nifty resistance: 24,500
- Bank Nifty support: 58,000
- Bank Nifty resistance: 58,000-58,200
Options data indicates these levels are likely to remain the key battleground during today's trade.
Stock Market Live: Dr Reddy's, ICICI General Insurance Among Fresh Shorts
Stocks witnessing price declines alongside rising open interest include:
- ICICI General Insurance
- Dr Reddy's Laboratories
- Page Industries
- Hindustan Zinc
- Mazagon Dock Shipbuilders
- Solar Industries
- DMart
- TCS
- Infosys
- Polycab India
This reflects fresh short build-up in these counters.
Stock Market Live: Glenmark, Power Grid Witness Short Covering
Stocks gaining while open interest declines include:
- Glenmark Pharmaceuticals
- Power Grid
- Bank of India
- Mahindra & Mahindra
- Bajaj Finserv
- ITC
- Siemens
- GAIL
- Petronet LNG
- RVNL
The combination indicates short covering.
Stock Market Live: ONGC, Vedanta See Long Unwinding
Stocks recording price declines alongside lower open interest include:
- Vedanta
- ONGC
- Mphasis
- Hindalco Industries
- Torrent Pharmaceuticals
This points to long liquidation.
Stock Market Live: 360 One, GAIL Feature In Long Accumulation List
Stocks witnessing price gains with higher open interest include:
- 360 One
- GAIL
- P G Electroplast
- LIC Housing Finance
- Sun Pharma
- AU Small Finance Bank
- TVS Motor
- IndusInd Bank
These counters are seeing fresh buying interest.
Stock Market Live: TCS, Wipro Among Stocks Witnessing Fresh Short Build-Up
Stocks showing price declines with rising open interest include:
- TCS
- Wipro
- PI Industries
- Persistent Systems
- Page Industries
- ONGC
- Coal India
The setup indicates traders are adding fresh short positions.
Stock Market Live: Bajaj Finance, Titan Lead Long Build-Up
Stocks witnessing price gains alongside higher open interest include:
- Bajaj Finance
- Titan
- Glenmark Pharmaceuticals
- HDFC Bank
- Godrej Consumer Products
- Cummins India
The combination points to fresh long accumulation.
Stock Market Live: Persistent, PI Industries Among Stocks Seeing Sharp OI Build-Up
Among stocks shown, notable increases in total derivative open interest include:
- Persistent Systems ( 188.51%)
- Wipro ( 145.24%)
- PI Industries ( 135.27%)
- Page Industries ( 94.15%)
- TCS ( 79.65%)
Stock Market Live: Nifty Fin Service Sees Sharp Jump In Options Activity
- Nifty Fin Service has declined 3.54% since the previous expiry.
- Despite the fall, total derivative open interest has surged 161.69%, with Call OI up 256.95% and Put OI rising 194.85%.
Stock Market Live: Nifty Mid Select Continues To Outperform Broader Indices
- Nifty Mid Select has gained 9.36% since the previous expiry.
- Total derivative open interest has increased 87.87%, reflecting strong trader participation in the index.
Stock Market Live: Bank Nifty Open Interest Rises Over 53% Since Previous Expiry
Bank Nifty has slipped 1.52% since the previous expiry.
Total derivative open interest has increased 53.55%, with Call open interest rising 69.97% and Put open interest up 41.33%.
Stock Market Live: Nifty Derivative OI Climbs Nearly 80% Since Previous Expiry
Nifty has declined 7.25% since the previous expiry.
Meanwhile, total derivative open interest has increased 79.57%. Call open interest has risen 89.56%, while Put open interest is up 74.93%, indicating active participation despite the correction.
Stock Market Live: Bank Nifty Call Writers Most Active At 57,500
Fresh Call writing was concentrated at:
- 57,500
- 57,400
- 57,200
- 57,300
- 57,100
The build-up points to resistance developing in the 57,500-58,000 zone.
Stock Market Live: Fresh Put Writing Shifts Towards 57,500
Fresh Put additions were strongest at:
- 57,500
- 57,200
- 57,000
- 57,300
- 57,400
This suggests traders are gradually building a cushion below the current market.
Stock Market Live: Bank Nifty Resistance Seen Around 58,000
Call writers continue to dominate the 58,000 strike, which has the highest Call open interest at nearly 14 lakh contracts.
Additional Call positions are concentrated at:
- 57,500
- 58,200
- 58,300
- 58,400
Stock Market Live: Bank Nifty Finds Strong Base At 58,000
The 58,000 strike has the highest Put open interest at nearly 9.5 lakh contracts, making it the strongest support.
Other major Put positions are seen at:
- 57,000
- 57,500
- 56,500
- 58,300
Stock Market Live: Nifty Options Signal 24,000-24,500 Trading Band
Current weekly positioning shows:
- Strongest Put support: 24,000
- Highest Call resistance: 24,500
- Aggressive Put writing: 24,000
- Fresh Call additions: 24,100
Options data indicates 24,000-24,500 remains the key range for today's session.
Stock Market Live: Call Writers Active Around 24,100
Fresh Call writing was highest at:
- 24,100
- 24,000
- 24,500
- 24,700
- 24,600
The activity suggests option sellers continue to cap upside moves above 24,100.
Stock Market Live: Fresh Put Writing Concentrated At 24,000
Fresh Put additions were strongest at:
- 24,000
- 23,900
- 23,800
- 24,100
- 23,500
Put writers also added fresh positions at lower strikes, indicating support is building around the 24,000 mark.
Stock Market Live: 24,500 Emerges As Biggest Hurdle For Nifty
The 24,500 strike holds the highest Call open interest at around 13 lakh contracts, making it the immediate resistance.
Other notable Call open interest is visible at:
- 24,200
- 24,300
- 25,000
- 24,400
Stock Market Live: Nifty Put Writers Continue To Defend 24,000
The 24,000 strike remains the strongest support for Nifty after attracting the highest Put open interest of nearly 10 lakh contracts.
Other sizeable Put positions are concentrated at:
- 23,500
- 23,800
- 23,900
- 23,600
- 23,000
Stock Market Live: Nifty, Sensex Rise As Markets Recover From Wednesday’s Fall
- The Sensex rose as much as 636 points, or 0.8%, to 77,139.07.
- The Nifty 50 gained as much as 0.8% to 24,076.80.
Stock Market Live: Swiggy, Barbeque-Nation Lead Gains In Food Shares
- Food services shares traded higher, with Swiggy rising 5.79% and Barbeque-Nation Hospitality gaining 5%.
- Eternal advanced 3.94%, while Jubilant FoodWorks rose 2.06% and Westlife Foodworld gained 0.64%.
Stock Market Live: TCS, Infosys Drag Nifty IT Lower Ahead Of Q1 Results
- Nifty IT was the only NSE sectoral index trading lower as investors awaited TCS’ June-quarter earnings and assessed HSBC’s view on AI-led pressure for Indian IT services.
- Infosys fell 1.83%, while HCL Technologies and TCS declined 1.14% each. Tech Mahindra slipped 0.87%, Zensar Technologies lost 0.58% and Persistent Systems fell 0.34%.
- HSBC said AI-related productivity gains could reduce demand for traditional software services and keep pricing pressure on parts of industry revenue through FY27 and FY28.
Stock Market Live: Eternal In Focus On Possible MSCI Weight Restoration
- Eternal could be restored to full weight in the MSCI August review as foreign ownership room has expanded, according to Motilal Oswal Sales.
- The brokerage said available FII headroom is now above 25%. Eternal could see passive inflows of $520 million if the weight is restored.
Stock Market Live: Dixon Tech, Kaynes Gain After Customs Duty Waiver On Electronics Parts
- Dixon Technologies rose 3.37%, while Kaynes Technology India gained 1.59%.
- The government waived customs duty on key components used in display module manufacturing and wireless charging modules for smartphones.
- The duty relief covers inputs such as display cells, backlight units, flexible printed circuit assemblies, NFC coils and NdFeB magnets, and will remain in force till March 31, 2029.
Stock Market Live: Cigarette Shares Gain; Godfrey Phillips Leads
- Cigarette shares traded higher, with Godfrey Phillips India rising 0.97%.
- VST Industries gained 0.66%, while ITC advanced 0.46%.
Stock Market Live: Airline Shares Gain After Previous Session Losses
- Airline shares traded higher, with SpiceJet rising 0.98%.
- InterGlobe Aviation gained 0.85%.
Stock Market Live: Kitchen Appliance Shares Gain; Stove Kraft Leads
- Kitchen appliance shares traded higher, with Stove Kraft rising 3.39%.
- Butterfly Gandhimathi Appliances gained 1.74%, while TTK Prestige advanced 1.11%.
Stock Market Live: Jewellery Shares Gain; TBZ, Kalyan Jewellers Lead
- Jewellery shares traded higher, with Tribhovandas Bhimji Zaveri rising 10.72% and Kalyan Jewellers gaining 6.40%.
- Sky Gold, Thangamayil Jewellery, Senco Gold and PC Jeweller rose between 3.22% and 4.64%.
- Goldiam was the only loser in the pack, falling 0.15%.
Stock Market Live: Infosys, Tech Mahindra Drag IT Shares Lower
- IT shares traded mixed, with Infosys falling 2.31%, Tech Mahindra declining 1.75%, HCL Technologies losing 1.62% and TCS down 1.55%.
- Fractal Analytics rose 1.68%, while Happiest Minds Technologies gained 0.84%. Latent View Analytics, Newgen Software, Oracle Financial Services Software and Birlasoft also traded higher.
Stock Market Live: Nifty Consumption, Realty Lead Sectoral Gains; IT Falls
- Nifty Consumption rose 0.9%, while Nifty Realty gained 0.84% and Nifty Energy advanced 0.79%.
- Nifty Bank, Rural, FMCG, Financial Services, PSU Bank and Auto also traded higher, rising between 0.56% and 0.77%.
- Nifty IT was the only sectoral loser, falling 1.88%.
Stock Market Live: Nifty, Sensex Recover Marginally After Wednesday’s Fall
- 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.
Stock Market Live: Nifty, Sensex Trade Higher In Pre-Market
- 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.
Stock Market Live: Rupee Opens Higher Against US Dollar
The rupee opened flat and later appreciated as much as 3 paise to 95.52 against the US dollar.
Stock Market Live: Investec Raises Delhivery Target Price To Rs 610
- 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.
Stock Market Live: Investec Initiates Hold On Hyundai Motor India With Rs 2,100 Target
- 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.
Stock Market Live: HSBC Says AI Investment Slowdown Could Weigh On Indian IT
- 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.
Stock Market Live: JPMorgan Keeps Nifty Base Target At 27,000 For Year-End
- 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.
Stock Market Live: Jefferies Stays Selective On Large Caps, Prefers Banks
- 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.
Stock Market Live: Nifty July Futures Trade At Premium; No Stocks In F&O Ban
- 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.
Stock Market Live: Bayer Cropscience, Knack Packaging Among Shares In Bulk Deals
- 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.
Stock Market Live: Kansai Nerolac, Asian Paints, JSW Energy Among Companies To Hold AGMs
Kansai Nerolac, Lloyds Enterprises, Tata Communications, Asian Paints and JSW Energy will hold their annual general meetings today.
Stock Market Live: Laser Power & Infra IPO Opens For Subscription
- 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.
Stock Market Live: Tata Steel, IRB Infra, JSW Energy Among Stocks In Focus
- 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.
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.
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