Stock Market Highlights: Nifty Ends Little Changed Amid F&O Expiry, Sensex Closes Below 76,800
The Nifty 50 closed at 23,987.60, down 8.35 points or 0.03%, while the Sensex ended at 76,765.92, shedding 69.86 points or 0.09%.
Hello and welcome to our live coverage on stock markets.
Indian equity benchmarks fluctuated between gains and losses to end little changed amid F&O expiry and weak global cues. The Nifty 50 closed at 23,987.60, down 8.35 points or 0.03%, while the Sensex ended at 76,765.92, shedding 69.86 points or 0.09%.
Globally, markets are entering a crucial week that includes policy decisions from the U.S. Federal Reserve, the Bank of Japan and the Bank of England. Investors are also waiting for quarterly earnings from major technology companies to assess whether their heavy investments in artificial intelligence are translating into stronger financial performance.
Developments in the Middle East remained another key focus. President Donald Trump said Washington and Tehran were engaged in negotiations aimed at ending the conflict, but warned that hostilities could resume if the talks failed to produce an agreement.
Meanwhile, Iran and Oman are discussing ways to restore normal shipping through the Strait of Hormuz, Bloomberg reported, citing people familiar with the matter. Progress on that front could ease concerns over disruptions to one of the world's most important energy trade routes.
Wall Street delivered a mixed performance overnight. The Dow Jones Industrial Average rose more than 260 points, or roughly 0.5%, while the S&P 500 ended little changed after lower crude oil prices improved sentiment following the temporary pause in fighting between the United States and Iran.
U.S. futures were largely subdued during Asian trading. Dow Jones Industrial Average futures gained 24 points, while S&P 500 futures edged down 0.03%. Nasdaq-100 futures declined 0.2% as investors remained cautious ahead of results from major technology companies.
Market participants are expected to keep a close watch on central bank guidance, corporate earnings and geopolitical developments this week, as each has the potential to influence expectations for inflation, interest rates and global equity markets.
Stock Market Wrap: Nifty Ends Little Changed Amid F&O Expiry, Sensex Closes Below 76,800
Nifty 50 closed at 23,987.60, down 8.35 points or 0.03%, while the Sensex ended at 76,765.92, shedding 69.86 points or 0.09%. Both indices held near the flatline through the session on a futures and options expiry day.
What Could Keep Sona BLW Growing? The Five Drivers That Stand Out
Q1 Report Card: BofA Notes Strong 12% Nifty Earnings Growth Despite Isolated Weakness
Stock Market Live: City Union Bank Q1 NIM Expands to 3.78% as Loans Grow 25%
- City Union Bank's net interest margin widened to 3.78% in Q1, from 3.54% in the same quarter last year.
- Loan growth came in at 25% year-on-year during the quarter.
- Return on assets improved marginally to 1.57% from 1.55% a year ago.
Stock Market Live: Pfizer India Q1 Net Profit Rises 6.6% as EBITDA Margins Expand
- Pfizer India reported a net profit of Rs 205 crore in Q1, up 6.6% from Rs 192 crore in the same quarter last year. Revenue grew 8.3% year-on-year to Rs 653 crore, against Rs 603 crore in Q1 of the previous year.
- EBITDA rose 17.9% to Rs 248 crore from Rs 210 crore, with margins expanding to 37.9% from 34.8% a year ago.
- Other income declined to Rs 44.8 crore from Rs 67.2 crore in the same quarter last year.
Stock Market Live: Ambuja Cements Q1 EBITDA Margins Expand 330 bps QoQ, Cost Reduction of Rs 206 Per Tonne Achieved
- Ambuja Cements posted an operating EBITDA of Rs 1,589 crore in Q1 FY27, with margins expanding 330 basis points sequentially to 16.7%. EBITDA per tonne rose 27% quarter-on-quarter to Rs 931, as the company achieved a sequential cost reduction of Rs 206 per tonne through energy efficiency and logistics improvements.
- Revenue from operations stood at Rs 9,500 crore for the quarter, with cement sales volumes at 17.1 million tonnes. Trade share rose 4 percentage points year-on-year to 78%, while the share of premium products in trade sales increased to 34%.
- Ambuja remains debt-free with a net worth of Rs 71,954 crore and holds AAA/A1 credit ratings from CRISIL and CARE. The company is on track to expand capacity from 109 MTPA to 119 MTPA by the end of FY27, with trial production under way at Dahej, Salai Banwa, Bathinda, and Jodhpur.
Stock Market Live: Equitas Small Finance Bank Q1 Returns to Profit With Rs 184 Crore Net Profit
- Equitas Small Finance Bank posted a net profit of Rs 184 crore in Q1, compared to a net loss of Rs 224 crore in the same quarter last year. Net interest income grew 30.9% year-on-year to Rs 1,029 crore, while operating profit rose to Rs 405 crore from Rs 315 crore YoY.
- Asset quality improved on a sequential basis, with gross NPA declining to 2.42% from 2.60% in the previous quarter, and net NPA easing to 0.71% from 0.72% QoQ.
- Provisions fell sharply to Rs 161 crore from Rs 612 crore a year ago, though they were higher than the Rs 124 crore recorded in the previous quarter.
Stock Market Live: Brent Crude Falls Below $85 Per Barrel
Brent crude fell 3.9% to $84.90 per barrel.
Stock Market Live: City Union Bank Q1 Net Profit Rises 25% as NPA Ratios Improve
- City Union Bank reported a net profit of Rs 383 crore in Q1, up 25.1% from Rs 306 crore in the same quarter last year. Net interest income grew 31% year-on-year to Rs 820 crore, while operating profit rose 28.8% to Rs 581 crore.
- Asset quality improved on a sequential basis, with gross NPA falling to 1.73% from 1.91% in the previous quarter, and net NPA declining to 0.61% from 0.68% QoQ.
- Provisions stood at Rs 78 crore, up from Rs 70 crore a year ago but down from Rs 120 crore in the previous quarter.
Stock Market Live: DMart Plans 15% Store Additions, Eyes NCD Issue to Fund Expansion
- DMart is targeting around 15% store additions and aims to move closer to 20% if real estate availability permits. The company plans to increase reliance on leased stores, particularly in land-scarce markets such as NCR, while metro locations show signs of saturation.
- Quick commerce is affecting smaller basket purchases, though monthly stock-up buying remains steady. DMart Ready is sharpening its focus on profitability, faster deliveries under six hours, and improving product assortment, with a long-term gross margin target of 15%.
- The company plans to raise Rs 1,000 crore through non-convertible debentures to reduce borrowing costs and fund future capital expenditure. Employee costs are rising due to store expansion and higher minimum wages. Management views brick-and-mortar retail as the core growth engine, citing low organised retail penetration in India.
Stock Market Live: Nuvama Analyst Calls HUL and Avenue Supermarts Declines an Overreaction
- Abneesh Roy of Nuvama Institutional Equities said the sharp fall in HUL's stock is an overreaction, and flagged a similar overreaction in Avenue Supermarts.
- On Varun Beverages, Roy said the company disappointed on volume growth in Q1, with margins also coming in below street estimates. He attributed part of the weakness to the impact of monsoon and El Niño during the quarter.
- Roy noted that Varun Beverages' Campa business is performing well in the energy drinks segment.
Stock Market Live: Radico Khaitan Q1 Net Profit Jumps 76% on Strong Margin Expansion
- Radico Khaitan reported a consolidated net profit of Rs 230 crore in Q1, up 76% from Rs 131 crore in the same quarter last year.
- Revenue, excluding excise duty, rose 11.7% year-on-year to Rs 1,684 crore, against Rs 1,507 crore in Q1 of the previous year.
- EBITDA grew 50.3% to Rs 349 crore from Rs 232.2 crore, with EBITDA margins widening to 20.7% from 15.4% a year ago.
Stock Market Live: IMD Issues Red Alert Across Odisha, Chhattisgarh, Madhya Pradesh, Vidarbha and Gujarat
- The India Meteorological Department has issued red alerts for heavy rainfall in Odisha and Chhattisgarh on Tuesday and Wednesday, and in East Madhya Pradesh on Wednesday.
- Vidarbha is under a red alert for Wednesday and Thursday, while Gujarat is set to see heavy rains under a red alert on Friday.
Stock Market Live: European Markets Trade Higher, OMXS30 the Only Index in the Red
- Major European indices are trading in positive territory, with the Netherlands' AEX leading gains at 0.75%, followed by Portugal's PSI20 at 0.69% and Spain's IBEX 35 at 0.56%.
- Germany's DAX is up 0.51% at 25,490.73, while the UK's FTSE is higher by 0.41% at 10,825.63. France's CAC and the pan-European STOXX 600 are also trading in the green.
- Sweden's OMXS30 is the sole index in negative territory, down marginally by 0.07%.
Stock Market Live: Asian Markets Close Mixed, KOSPI Leads Losses With 10.84% Fall
- South Korea's KOSPI was the worst performer at the close, falling 10.84% or 732.09 points to 6,023.66. Japan's Nikkei 225 also declined, dropping 3.95% or 2,566.27 points to 62,364.92.
- China's Shanghai Composite ended lower by 1.16%, closing at 3,813.31, down 44.93 points.
- Australia's ASX 200 and Hong Kong's Hang Seng bucked the trend, closing in positive territory with gains of 0.60% and 0.41% respectively.
Stock Market Live: Suzlon Energy Q1 Profit Falls 5.9%, Margin Narrows
- Suzlon Energy’s consolidated net profit fell 5.9% year-on-year to Rs 305 crore, while revenue rose 22.3% to Rs 3,830 crore.
- EBITDA declined 0.5% to Rs 596 crore. The EBITDA margin narrowed to 15.6% from 19.1%.
Stock Market Live: Suzlon Energy Q1 Profit Falls 5.9%, Margin Narrows
- Suzlon Energy’s consolidated net profit fell 5.9% year-on-year to Rs 305 crore, while revenue rose 22.3% to Rs 3,830 crore.
- EBITDA declined 0.5% to Rs 596 crore. The EBITDA margin narrowed to 15.6% from 19.1%.
Stock Market Live: Deep Industries Q1 Net Profit Rises 45% as Revenue Grows
- Deep Industries reported a consolidated net profit of Rs 85.4 crore in Q1, up 45.1% from Rs 58.8 crore in the same quarter last year.
- Revenue grew 39.8% year-on-year to Rs 279 crore, against Rs 199 crore in Q1 of the previous year.
- EBITDA rose 32.6% to Rs 108 crore from Rs 81.6 crore, though EBITDA margins narrowed to 38.8% from 40.9% a year ago.
Stock Market Live: IPO-Bound PRISM Adds 40 Hotels in the UK Under Sunday Hotels and Belvilla Brands
- PRISM, the parent company of OYO, has expanded its UK hotel portfolio by adding 40 properties under its Sunday Hotels and Belvilla brands, as part of a broader push across Europe, the Middle East, and the United States.
- The properties have been secured through leasehold or long-term management arrangements and will undergo phased refurbishments to align with Sunday Hotels' design and service standards.
- Sunday Hotels now has 16 properties across England and Wales, built over the past two years. PRISM manages its premium hospitality portfolio directly, unlike its budget lodging business, which operates on a franchise model.
Stock Market Live: IndiGo MD Outlines International Expansion Plans and Fleet Ownership Targets in Annual Report
- IndiGo Managing Director Rahul Bhatia has said the next decade will be the most significant phase of international expansion for the airline, with a stated ambition to position India as a global aviation hub.
- The company plans to raise the share of owned and finance-leased aircraft from around 20% currently to 30–40% of a projected 600-aircraft fleet by 2030.
- Bhatia flagged key risks including airspace closures, geopolitical tensions, supply-chain disruptions, fuel-price volatility, engine availability, and rupee weakness. An MRO facility in Bengaluru is expected to be operational by 2028.
Stock Market Live: AstraZeneca Pharma India Gets Regulatory Nod to Sell Breast Cancer Drug Trastuzumab
AstraZeneca Pharma India has received approval from the Central Drugs Standard Control Organisation (CDSCO) for the sale and distribution of Trastuzumab Powder in India. The drug is used in the treatment of breast cancer. The company disclosed the development to the stock exchanges.
Stock Market Live: TTK Prestige Q1 Profit More Than Doubles
- TTK Prestige reported a consolidated first-quarter net profit of Rs 59.3 crore, compared with Rs 26.6 crore a year earlier. Revenue rose 33.6% to Rs 814 crore.
- EBITDA increased to Rs 81.7 crore from Rs 40.4 crore, while the margin widened to 10% from 6.6%.
Stock Market Live: Ashok Leyland Partners With UCO Bank For Vehicle Financing
- Ashok Leyland has signed an agreement with UCO Bank to provide customised financing for customers purchasing the company’s trucks and buses, PTI reported.
- Ashok Leyland said the partnership would make its commercial vehicles more accessible to businesses across India.
Stock Market Live: Wheels India Q1 Profit Rises 27.7%
- Wheels India’s consolidated net profit rose 27.7% year-on-year to Rs 38.3 crore. Revenue increased 17.8% to Rs 1,491 crore.
- EBITDA grew 19.1% to Rs 112 crore, while the margin widened to 7.5% from 7.4%.
Stock Market Live: Rossell Techsys Q1 Profit More Than Doubles
- Rossell Techsys reported a consolidated first-quarter net profit of Rs 7.1 crore, compared with Rs 3.3 crore a year earlier.
- Revenue rose 76.6% year-on-year to Rs 154 crore from Rs 87.2 crore.
Stock Market Live: Swiggy Records Eight Senior-Level Departures Since Listing
- Swiggy has reported eight senior-level departures since its listing. Company Secretary and Compliance Officer M. Sridhar resigned on February 17, 2025, followed by Independent Director Sahil Barua on April 11, 2025.
- Nominee directors Sumer Juneja and Anand Daniel resigned on July 25, 2025. Co-founder and Whole-time Director Lakshmi Nandan Reddy Obul and Nominee Director Roger Clark Rabalais resigned on April 10, 2026.
- Instamart Chief Operating Officer Ankit Jain and Chief Business Officer Hari Kumar left on June 24, 2026.
Stock Market Live: Swiggy Appoints Nandita Sinha As Instamart CEO
Swiggy has appointed Nandita Sinha as chief executive officer of Instamart, effective August 3. Amitesh Kumar Jha resigned from the role with immediate effect.
Stock Market Live: Varun Beverages Q2 Profit Rises 15.5%, Margin Narrows
- Varun Beverages’ consolidated net profit rose 15.5% year-on-year to Rs 1,521 crore. Revenue excluding excise increased 20.4% to Rs 8,451 crore.
- EBITDA grew 17.2% to Rs 2,343 crore from Rs 1,999 crore. The EBITDA margin narrowed to 27.7% from 28.5%.
Stock Market Live: Varun Beverages Q2 Profit, Revenue Beat Estimates
- Varun Beverages reported a consolidated second-quarter net profit of Rs 1,521 crore, above the estimate of Rs 1,440 crore. Revenue stood at Rs 8,451 crore, compared with the estimate of Rs 8,231 crore.
- EBITDA came in at Rs 2,343 crore, below the estimate of Rs 2,430 crore. The EBITDA margin was 27.7%, against the estimate of 29.5%.
Stock Market Live: Indoco Remedies Posts Q1 Profit Of Rs 64.99 Crore
- Indoco Remedies reported a first-quarter net profit of Rs 64.99 crore, compared with a loss of Rs 35.79 crore a year earlier. Revenue rose 6.3% to Rs 468 crore.
- EBITDA increased to Rs 41.02 crore from Rs 17.62 crore, while the margin widened to 8.8% from 4%. The company reappointed Aditi Panandikar as managing director for five years.
Stock Market Live: DMart Falls 6% As Store Addition Plan Misses Expectations
- Avenue Supermarts shares fell 6% after management guided for 15% store growth in FY27, according to analysts.
- The guidance implies about 75 new DMart stores, compared with 85 additions last year and analysts’ expectations of 100 stores in FY27.
Stock Market Live: Airtel Leads June Mobile Subscriber Additions
- Bharti Airtel added 2.99 million net mobile subscribers in June, while Reliance Jio added 2.15 million.
- Vodafone Idea added 163,757 net subscribers, while BSNL added 94,006.
Stock Market Live: HUL Expects Rural Demand To Remain Robust
- Hindustan Unilever told NDTV Profit that it expects rural demand to remain robust in the coming quarters but will monitor rural sentiment.
- The company said growth was broad-based and expressed confidence in its volume-pricing mix. It added that global geopolitical conditions remained volatile.
Stock Market Live: HDFC Bank Must Refocus On Core Business, Says Gurmeet Chadha
- Gurmeet Chadha of Complete Circle told NDTV Profit that HDFC Bank has internal talent and management capacity but faces high attrition at the mid-management level.
- Chadha said the bank must refocus on its core banking business and address sluggish deposit growth. Chadha added that concerns over management and coordination across business verticals may persist.
Stock Market Live: Support Continues To Strengthen Around 24,000
The largest Put open interest and fresh Put additions remain centred around 24,000, with additional support visible at 23,900 and 23,800, making these levels key to the current derivatives setup.
Stock Market Live: Options Data Shows Resistance Above 24,000
Call open interest remains concentrated between:
- 24,100
- 24,200
- 24,500
Stock Market Live: Derivatives Positioning Remains Active Across Multiple Segments
Current trends show:
- Long build-up in select IT stocks
- Long liquidation in energy names
- Short covering in defensive counters
- Fresh shorts in metals and capital goods
Stock Market Live: Tornt Pharma Appears In Multiple Trend Categories
Different Tornt Pharma contracts feature in both the Long Liquidation and Fresh Shorts lists, reflecting contract-wise positioning across expiries.
Stock Market Live: Fresh Shorts Build In Capital Goods And Metals
The Fresh Shorts list includes:
- BEL
- CG Power
- Vedanta
- National Aluminium
- Coal India
- Tata Power
- Godfrey Phillips
Stock Market Live: Short Covering Emerges In Cipla And HCLTech
The Short Covering list includes:
- Cipla
- HCLTech
- DMart
- Tata Elxsi
- Marico
- Eternal
- Jio Financial Services
- Britannia
Stock Market Live: Long Liquidation Visible In Select Energy And PSU Stocks
The Liquidation list includes:
- ONGC
- Oil India
- Petronet LNG
- Power Grid
- RBL Bank
- Tata Power
- UPL
- Manappuram Finance
Price and open interest have declined together, pointing to long liquidation.
Stock Market Live: Long Build-Up Extends To Realty And Consumer Stocks
The Accumulation list also includes:
- DLF
- Colgate-Palmolive
- Godrej Properties
- Laurus Labs
- Cholamandalam Finance
Price and open interest have moved higher together.
Stock Market Live: Fresh Long Positions Seen Across Technology Shares
Technology stocks appearing in the Accumulation list include:
- Infosys
- TCS
- Coforge
- Tech Mahindra
The combination of higher prices and rising open interest indicates fresh long positions.
Stock Market Live: Coforge Features Across Multiple Long Build-Up Contracts
Coforge appears in both the current and next series accumulation lists.
The stock has gained around 9.8%–10% while open interest has also increased, indicating fresh long positions.
Stock Market Live: Long Build-Up Seen In IT Stocks
The Accumulation list includes:
- Infosys
- Coforge
- TCS
- Tech Mahindra
Price and open interest have increased simultaneously, indicating fresh long positions.
Stock Market Live: TCS Derivatives Activity Remains Elevated
TCS has fallen 22.68% since the previous expiry.
Despite the decline:
- Futures OI increased 38.89%
- Total OI rose 62.83%
Stock Market Live: HDFC Bank Sees Stable Price With Higher OI
- HDFC Bank has gained 0.35% since the previous expiry.
- Its total open interest has increased 40.72%, indicating continued derivatives participation.
Stock Market Live: Persistent Systems Shows Higher Derivatives Participation
Persistent Systems has declined 5.74%.
However:
- Total OI increased 179.01%
- Futures OI rose 85.24%
Stock Market Live: Wipro Open Interest Builds Despite Sharp Fall
Wipro has declined 28.12% since the previous expiry.
At the same time:
- Total OI increased 123.15%
- Futures OI rose 160.12%
Stock Market Live: Bajaj Finance Records Strong OI Addition Since Last Expiry
Among stocks, Bajaj Finance shows:
- 13.29% rise in price
- 30.57% increase in total open interest
Futures OI has increased 16.20%.
Stock Market Live: Nifty Fin Service Sees Sharp OI Expansion
Nifty Fin Service has declined 5.08% since the previous expiry.
Even so:
- Total OI increased 2,698.93%
- Call OI rose 3,886.21%
- Put OI gained 3,338.02%
Stock Market Live: Nifty Mid Select Records Highest Price Gain Among Indices
Nifty Mid Select has risen 9.24% since the previous expiry.
During the same period:
- Total OI increased 313.79%
- Call OI rose 457.75%
- Put OI climbed 421.93%
Stock Market Live: Bank Nifty Open Interest Jumps Since Last Expiry
Bank Nifty has seen:
- 2.36% decline in price
- 249.89% rise in total open interest
Call OI is up 336.48%, while Put OI has increased 205.44%.
Stock Market Live: Nifty OI Since Last Expiry Rises Over 181%
Since the previous expiry, Nifty 50 has recorded:
- 7.41% decline in price
- 181.06% increase in total open interest
Call OI has risen 184.36%, while Put OI is up 194.02%.
Stock Market Live: Bank Nifty Options Highlight 56,800–57,000 Range
Current positioning shows:
- Strong Put support near 56,800
- Heavy Call concentration around 57,000
These strikes dominate the derivatives setup.
Stock Market Live: Put Open Interest Clusters Near 56,800 In Bank Nifty
Put positioning continues to build around:
- 56,800
- 56,700
- 56,600
The concentration keeps support below the index.
Stock Market Live: 57,000 Holds Highest Call Open Interest In Bank Nifty
Call open interest remains concentrated at 57,000, making it the most watched resistance level in the current weekly series.
Stock Market Live: Bank Nifty Call Writers Concentrate At 57,000
The largest Call open interest addition in Bank Nifty is visible at the 57,000 strike.
Additional Call writing is seen at:
- 56,900
- 57,100
- 57,200
Stock Market Live: Bank Nifty Put Writers Build Base Around 56,800
Bank Nifty witnessed sizeable Put additions around:
- 56,800
- 56,700
- 56,600
- 56,500
These strikes are emerging as notable support levels.
Stock Market Live: Nifty Options Show Larger Put Base Below Market
- Put open interest remains concentrated below prevailing levels, while Call open interest dominates higher strikes.
- The setup reflects support around 24,000 and resistance beginning near 24,100.
Stock Market Live: Call Writing Expands Above 24,100
Fresh Call additions are not limited to 24,100.
Visible build-up is also seen at:
- 24,200
- 24,400
- 24,500
- 24,600
This indicates resistance across higher strikes.
Stock Market Live: Put Writing Extends Below 24,000
Apart from the 24,000 strike, traders have also added fresh Put positions at:
- 23,900
- 23,800
- 23,700
The distribution reflects support building across lower strikes.
Stock Market Live: Options Positioning Suggests A 24,000–24,100 Zone
Current derivatives positioning shows:
- Strong Put base at 24,000
- Largest Call concentration at 24,100
These strikes continue to dominate weekly positioning.
Stock Market Live: 24,100 Emerges As Biggest Call Base
Among Calls, the highest open interest remains concentrated at 24,100, followed by:
- 24,200
- 24,500
- 24,000
This keeps resistance clustered above current levels.
Stock Market Live: Highest Put Open Interest Remains At 24,000
The 24,000 strike holds the largest Put open interest, with the next significant concentrations at:
- 23,900
- 23,800
- 23,700
The positioning highlights 24,000 as an important support zone.
Stock Market Live: HUL Falls After Q1 Volume Growth Declines, Profit Misses Estimates
Stock Market Live: Call Writers Stay Active At 24,100
The 24,100 strike continues to witness heavy Call open interest addition, indicating resistance immediately above the market.
Further Call writing is also visible at:
- 24,200
- 24,400
- 24,500
Stock Market Live: HUL Q1 Profit, Revenue Miss Estimates
- Hindustan Unilever reported a consolidated first-quarter net profit of Rs 2,673 crore, below the estimate of Rs 2,811 crore. Revenue stood at Rs 17,341 crore against the estimate of Rs 17,571 crore.
- EBITDA came in at Rs 3,947 crore, compared with the estimate of Rs 3,980 crore. The EBITDA margin was 23%, above the estimate of 22.7%, while volume grew 5% year-on-year.
Stock Market Live: Put Writers Continue To Build Position At 24,000
Fresh Put open interest addition remains the highest at the 24,000 strike, reinforcing it as a key support level in the current weekly series.
Additional Put writing is visible at:
- 23,900
- 23,800
- 23,700
Stock Market Live: Hindustan Unilever Q1 Profit Misses Estimates
Hindustan Unilever reported a consolidated first-quarter net profit of Rs 2,673 crore, below the estimate of Rs 2,811 crore.
F&O Hour Is Here
Key levels, active strikes, big moves and live market cues — all in one place; Join our F&O Hour live blog for real-time action now.
Stock Market Live: Nifty IT Opens 2% Higher On Brokerage Upgrade, Earnings
- Nifty IT opened 2% higher after Jefferies upgraded the sector to Neutral and added Infosys to its model portfolio. IT ADRs also gained overnight even as Nvidia, AMD and Micron shares fell.
- First-quarter earnings were largely in line, while Coforge’s results and management commentary supported the sector. Large-deal momentum, valuations and AI revenue also remained in focus.
Stock Market Live: L&T Signs Over Rs 15,000 Crore Wind Project Deal With TenneT
Larsen & Toubro has concluded a framework agreement with TenneT for a 2 GW wind project, according to an exchange filing. The deal is valued at more than Rs 15,000 crore.
Stock Market Live: Government To Introduce MSME Amendment Bill In Rajya Sabha
- The government will introduce the MSME Amendment Bill in the Rajya Sabha today, according to the House agenda and sources. The Bill proposes a trust-based regulatory framework with fewer procedural requirements.
- The proposed changes seek to address delayed payment recovery and strengthen enforcement of arbitral awards in MSME disputes. States will receive powers to decide the composition of MSME Facilitation Councils.
Stock Market Live: HDFC Bank Falls For Seventh Straight Session
HDFC Bank shares extended losses for a seventh session and have fallen more than 10% during the period. The stock was on track to reach its lowest level since May 2024.
Stock Market Live: Chipmakers Fall, CG Power Drops Nearly 3%
- CG Power and Industrial Solutions fell 2.99%, while MosChip Technologies declined 2.22%.
- SPEL Semiconductor dropped 1.01%, while Kaynes Technology India slipped 0.18%.
Stock Market Live: Vedanta Businesses Trade Mixed, Iron And Steel Falls 1.22%
- Vedanta Aluminium rose 0.27%. Vedanta Iron & Steel fell 1.22%, while Vedanta Oil & Gas declined 0.83%.
- Vedanta Ltd. dropped 0.60%, while Vedanta Power traded 0.51% lower.
Stock Market Live: Sugar Stocks Fall, Mawana Sugars Drops 1.32%
- Mawana Sugars fell 1.32%, while Avadh Sugar & Energy declined 0.80%. Dwarikesh Sugar Industries and Shree Renuka Sugars dropped 0.40% and 0.32%, respectively.
- Bajaj Hindusthan Sugar, Dalmia Bharat Sugar and Balrampur Chini Mills also traded lower.
Stock Market Live: Jewellery Stocks Trade Mixed, Thangamayil Gains 0.63%
- Thangamayil Jewellery rose 0.63%, while Kalyan Jewellers gained 0.58%. Sky Gold and Titan advanced 0.45% and 0.22%, respectively.
- Tribhovandas Bhimji Zaveri fell 1.72%, while KDDL and Senco Gold declined 1.01% and 0.86%, respectively.
Stock Market Live: Godfrey Phillips Falls Over 5% After Q1 Margin Shrinks
- Godfrey Phillips shares fell 5.36% to Rs 2,092.10 after its first-quarter net profit declined 44.3% year-on-year to Rs 198 crore. Revenue fell 19% to Rs 1,206 crore.
- EBITDA dropped 46.2% to Rs 182 crore, while the margin narrowed to 15.1% from 22.7%.
Stock Market Live: Coforge Leads Gains Across IT Stocks
- Coforge rose 6.29%, followed by Newgen Software Technologies at 4.29%. Tata Consultancy Services gained 3.02%, while Sonata Software and Birlasoft advanced 2.95% and 2.66%, respectively.
- Tech Mahindra rose 2.59%, Infosys gained 2.46% and HCL Technologies advanced 1.67%.
Stock Market Live: Nifty IT Rises 2.46%, Defence Index Falls 1.3%
- Nifty IT led sectoral gains, rising 2.46%. Nifty FMCG and Nifty Realty advanced 0.55% and 0.53%, respectively.
- The Nifty India Defence index fell 1.3%, while Nifty Energy declined 0.92%. Nifty PSU Bank dropped 0.44%.
Stock Market Live: Benchmarks Trade Flat
The Nifty 50 rose 18.15 points, or 0.08%, to 24,014.10. The Sensex was nearly unchanged at 76,834.80, down 0.98 points.
Stock Market Live: Nifty 50 Slips In Pre-Market Trade
The Nifty 50 fell 24.70 points, or 0.10%, to 23,971.25 in pre-market trade. The Sensex was nearly unchanged at 76,834.80, down 0.98 points.
Stock Market Live: Rupee Opens Higher
The Indian rupee opened higher against the US dollar. The local currency appreciated as much as 22 paise to 85.67 against the greenback.
Stock Market Live: What's On Brokerges Radar Today
HDFC BankJPMorgan
-
Maintain Overweight; Target Price: Rs 990
-
Believe the board's actions should help bring closure to the MSRDC deposit arrangement matter.
-
Conduct reflected "business overreach" rather than improper intent.
-
Probability of a recommendation for a new term for the current CEO has increased.
-
Investors will continue to focus on management continuity and reducing uncertainty.
-
CEO term renewal or appointment remains subject to board recommendation and RBI approval.
Macquarie
-
Maintain Outperform; Target Price: Rs 1,150
-
MSRDC review found no misconduct.
-
Review concluded it was business overreach, not misconduct.
-
Focus shifts to CEO extension.
-
CEO extension remains achievable.
Tata Power
JPMorgan
-
Maintain Neutral; Target Price: Rs 423
-
Q1FY27 broadly in line.
-
Odisha distribution business saw sequential deterioration in AT&C losses, while Delhi business continued to grow.
-
Commissioned 226 MW of renewable capacity; curtailment remains a headwind.
-
FY27 guidance includes Rs 25,000 crore capex and around 2.5 GW renewable capacity commissioning.
-
Balance sheet leverage remains manageable but is rising due to capex.
-
Solar manufacturing profitability remains strong.
-
Rooftop solar business continues to deliver strong growth.
Avenue Supermarts
HSBC
-
Maintain Reduce; Target Price: Rs 3,570
-
CEO Anshul Asawa may outline his independent strategy at the analyst meeting.
-
Focus likely on store additions, revamped e-commerce strategy, private label expansion and new territory performance.
-
Believes DMart's pricing moat is being challenged.
Coal India
Citi
-
Maintain Neutral; Cut Target Price to Rs 430 from Rs 440
-
Q1 PAT was in line.
-
Declared first interim dividend.
-
Market focus remains on the July 2026 wage revision.
-
Volume trends remain muted.
-
Limited upside expected in e-auction prices due to high inventory.
-
Valuations limit downside, but upside triggers remain unclear.
JPMorgan
-
Maintain Neutral; Cut Target Price to Rs 430 from Rs 435
-
Q1FY27 adjusted Ebitda missed estimates.
-
Sees downside risks for international coal prices.
-
Inventory remains above last year's level.
-
Wage revision in FY27 could increase costs.
Jefferies
-
Maintain Buy; Target Price: Rs 500
-
Ebitda miss driven by power demand.
-
Higher global coal prices remain supportive.
-
Recovery in power demand could support FY27 volumes.
-
Expects earnings CAGR of 6% over FY26-FY29 after EPS declined 12% over FY24-FY26.
Morgan Stanley
-
Maintain Equal-weight; Target Price: Rs 420
-
Weak operating performance.
-
FSA and e-auction realisations were below expectations.
-
Operating costs were higher than expected.
-
Cut Ebitda estimates.
-
Stock appears inexpensive but lacks rerating triggers.
RR Kabel
Citi
-
Maintain Buy; Raise Target Price to Rs 3,000 from Rs 2,650
-
Execution momentum continues to improve.
-
Strong execution over recent quarters.
-
Continued delivery on growth and margin guidance could support further rerating.
Bharat Electronics
JPMorgan
-
Maintain Overweight; Target Price: Rs 525
-
Product mix affected Q1 margins.
-
FY27 guidance maintained.
-
BEL remains the brokerage's top defence sector pick.
-
Monitoring medium-term margin sustainability and Pay Commission impact.
-
Large order pipeline includes NGC, P75I, Hammer, Shakti and EW Systems.
Goldman Sachs
-
Maintain Buy; Cut Target Price to Rs 470 from Rs 475
-
Order inflows remain the key monitorable.
-
Guidance maintained across key parameters.
-
Large programme pipeline remains the key near-term catalyst.
-
Margins expected to remain resilient.
-
Exports are becoming a more important growth driver.
-
Sees strong growth in counter-drone and drone markets.
Macquarie
-
Maintain Outperform; Raise Target Price to Rs 550 from Rs 510
-
Q1 performance exceeded expectations.
-
Order backlog remained steady.
-
Expects FY27 order inflow above Rs 55,000 crore.
-
BEL remains one of the preferred plays on India's multi-year defence opportunity.
Jefferies
-
Maintain Buy; Cut Target Price to Rs 550 from Rs 585
-
Strong execution offset margin miss.
-
FY27 order inflow guidance maintained.
-
Company has achieved 16% of FY27 order guidance year-to-date, excluding QRSAM.
-
Management reiterated confidence in more than 15% FY27 revenue growth.
-
Sees visible double-digit earnings growth over the medium term.
Container Corporation of India
JPMorgan
-
Maintain Neutral; Raise Target Price to Rs 540 from Rs 530
-
Management targets 18% growth in FY27.
-
Near-term outlook remains soft.
-
Dedicated Freight Corridor connectivity to JNPT began on June 20.
-
Assured transit movement is expected from October.
Canara Bank
Morgan Stanley
-
Maintain Underweight; Target Price: Rs 103
-
Weak core PPoP in Q1.
-
Core PPoP was 13% below estimates due to lower fee income.
-
Higher non-core income and lower provisions supported PAT.
-
Slippages declined both QoQ and YoY.
-
Retains Underweight due to weak core ROA and macro risks.
Meesho
Macquarie
-
Maintain Underperform; Target Price: Rs 125
-
Significant improvement in order frequency is required.
-
Forecasts 21% NMV CAGR during FY26-FY29.
-
Expects 300-450 bps improvement in contribution margin and adjusted Ebitda margin.
-
Likes the integrated commerce ecosystem.
-
Low average order value limits monetisation potential.
India Strategy
BofA
-
Q1FY27: Broad Earnings Resilience Despite Pockets of Weakness
-
Nifty companies representing 51% of market capitalisation are tracking a 3% earnings beat with 12% YoY growth.
-
Energy and metals delivered the strongest earnings beat.
-
Broad earnings strength continues despite selective weakness.
-
NSE 200 earnings are tracking around 10% YoY growth.
Maintain Overweight; Target Price: Rs 990
Believe the board's actions should help bring closure to the MSRDC deposit arrangement matter.
Conduct reflected "business overreach" rather than improper intent.
Probability of a recommendation for a new term for the current CEO has increased.
Investors will continue to focus on management continuity and reducing uncertainty.
CEO term renewal or appointment remains subject to board recommendation and RBI approval.
Maintain Outperform; Target Price: Rs 1,150
MSRDC review found no misconduct.
Review concluded it was business overreach, not misconduct.
Focus shifts to CEO extension.
CEO extension remains achievable.
Maintain Neutral; Target Price: Rs 423
Q1FY27 broadly in line.
Odisha distribution business saw sequential deterioration in AT&C losses, while Delhi business continued to grow.
Commissioned 226 MW of renewable capacity; curtailment remains a headwind.
FY27 guidance includes Rs 25,000 crore capex and around 2.5 GW renewable capacity commissioning.
Balance sheet leverage remains manageable but is rising due to capex.
Solar manufacturing profitability remains strong.
Rooftop solar business continues to deliver strong growth.
Maintain Reduce; Target Price: Rs 3,570
CEO Anshul Asawa may outline his independent strategy at the analyst meeting.
Focus likely on store additions, revamped e-commerce strategy, private label expansion and new territory performance.
Believes DMart's pricing moat is being challenged.
Maintain Neutral; Cut Target Price to Rs 430 from Rs 440
Q1 PAT was in line.
Declared first interim dividend.
Market focus remains on the July 2026 wage revision.
Volume trends remain muted.
Limited upside expected in e-auction prices due to high inventory.
Valuations limit downside, but upside triggers remain unclear.
Maintain Neutral; Cut Target Price to Rs 430 from Rs 435
Q1FY27 adjusted Ebitda missed estimates.
Sees downside risks for international coal prices.
Inventory remains above last year's level.
Wage revision in FY27 could increase costs.
Maintain Buy; Target Price: Rs 500
Ebitda miss driven by power demand.
Higher global coal prices remain supportive.
Recovery in power demand could support FY27 volumes.
Expects earnings CAGR of 6% over FY26-FY29 after EPS declined 12% over FY24-FY26.
Maintain Equal-weight; Target Price: Rs 420
Weak operating performance.
FSA and e-auction realisations were below expectations.
Operating costs were higher than expected.
Cut Ebitda estimates.
Stock appears inexpensive but lacks rerating triggers.
Maintain Buy; Raise Target Price to Rs 3,000 from Rs 2,650
Execution momentum continues to improve.
Strong execution over recent quarters.
Continued delivery on growth and margin guidance could support further rerating.
Maintain Overweight; Target Price: Rs 525
Product mix affected Q1 margins.
FY27 guidance maintained.
BEL remains the brokerage's top defence sector pick.
Monitoring medium-term margin sustainability and Pay Commission impact.
Large order pipeline includes NGC, P75I, Hammer, Shakti and EW Systems.
Maintain Buy; Cut Target Price to Rs 470 from Rs 475
Order inflows remain the key monitorable.
Guidance maintained across key parameters.
Large programme pipeline remains the key near-term catalyst.
Margins expected to remain resilient.
Exports are becoming a more important growth driver.
Sees strong growth in counter-drone and drone markets.
Maintain Outperform; Raise Target Price to Rs 550 from Rs 510
Q1 performance exceeded expectations.
Order backlog remained steady.
Expects FY27 order inflow above Rs 55,000 crore.
BEL remains one of the preferred plays on India's multi-year defence opportunity.
Maintain Buy; Cut Target Price to Rs 550 from Rs 585
Strong execution offset margin miss.
FY27 order inflow guidance maintained.
Company has achieved 16% of FY27 order guidance year-to-date, excluding QRSAM.
Management reiterated confidence in more than 15% FY27 revenue growth.
Sees visible double-digit earnings growth over the medium term.
Maintain Neutral; Raise Target Price to Rs 540 from Rs 530
Management targets 18% growth in FY27.
Near-term outlook remains soft.
Dedicated Freight Corridor connectivity to JNPT began on June 20.
Assured transit movement is expected from October.
Maintain Underweight; Target Price: Rs 103
Weak core PPoP in Q1.
Core PPoP was 13% below estimates due to lower fee income.
Higher non-core income and lower provisions supported PAT.
Slippages declined both QoQ and YoY.
Retains Underweight due to weak core ROA and macro risks.
Maintain Underperform; Target Price: Rs 125
Significant improvement in order frequency is required.
Forecasts 21% NMV CAGR during FY26-FY29.
Expects 300-450 bps improvement in contribution margin and adjusted Ebitda margin.
Likes the integrated commerce ecosystem.
Low average order value limits monetisation potential.
Q1FY27: Broad Earnings Resilience Despite Pockets of Weakness
Nifty companies representing 51% of market capitalisation are tracking a 3% earnings beat with 12% YoY growth.
Energy and metals delivered the strongest earnings beat.
Broad earnings strength continues despite selective weakness.
NSE 200 earnings are tracking around 10% YoY growth.
Stock Market Live: Quick Recap Of Earnings Announced After Monday's Close
Gravita India (Q1, Consolidated YoY)
- Revenue up 41.8% to Rs 1,475 crore versus Rs 1,040 crore.
- Ebitda up 9% to Rs 109.7 crore versus Rs 100.6 crore.
- Margin at 7.4% versus 9.7%.
- Net profit up 14% to Rs 106 crore versus Rs 93 crore.
- Approved closure of Gravita Metal Inc.
Bharat Electronics (Q1, YoY)
- Revenue up 25.3% to Rs 5,533 crore versus Rs 4,417 crore.
- Ebitda up 12% to Rs 1,389 crore versus Rs 1,240 crore.
- Margin at 25.1% versus 28.1%.
- Net profit up 8.2% to Rs 1,048 crore versus Rs 969 crore.
- Order book stood at Rs 72,258 crore as on July 1.
Sagar Cements (Q1, Consolidated YoY)
- Revenue up 5.3% to Rs 706 crore versus Rs 671 crore.
- Ebitda down 40.4% to Rs 72.4 crore versus Rs 122 crore.
- Margin at 10.3% versus 18.1%.
- Net loss at Rs 23.1 crore versus profit of Rs 1.2 crore.
Northern Arc Capital (Q1, Consolidated YoY)
- Total income up 28.8% to Rs 783 crore versus Rs 608 crore.
- Net profit up 40.9% to Rs 114 crore versus Rs 81.1 crore.
- AUM up 26.2% to Rs 16,855 crore versus Rs 13,351 crore.
- Net interest income up 32% to Rs 394 crore versus Rs 298 crore.
- Operating profit up 27% to Rs 263 crore versus Rs 207 crore.
- NIM down 50 bps to 9.3% versus 9.8% (QoQ).
Tata Power (Q1, Consolidated YoY)
- Revenue up 5.6% to Rs 19,051 crore versus Rs 18,035 crore.
- Ebitda down 3% to Rs 4,013 crore versus Rs 4,139 crore.
- Margin at 21.1% versus 22.9%.
- Net profit up 10.9% to Rs 1,176 crore versus Rs 1,060 crore.
Usha Martin (Q1, Consolidated YoY)
- Revenue up 16.4% to Rs 1,033 crore versus Rs 887 crore.
- Ebitda up 43.7% to Rs 208 crore versus Rs 145 crore.
- Margin at 20.1% versus 16.3%.
- Net profit up 40.6% to Rs 142 crore versus Rs 101 crore.
Coal India (Q1, Consolidated YoY)
- Revenue up 7.8% to Rs 46,255 crore versus Rs 42,919 crore.
- Ebitda down 4.1% to Rs 12,069 crore versus Rs 12,588 crore.
- Margin at 26.1% versus 29.3%.
- Net profit up 0.6% to Rs 8,852 crore versus Rs 8,797 crore.
- Board declared interim dividend of Rs 5.5/share.
Godfrey Phillips (Q1, Consolidated YoY)
- Revenue down 19% to Rs 1,206 crore versus Rs 1,486 crore.
- Ebitda down 46.2% to Rs 182 crore versus Rs 338 crore.
- Margin at 15.1% versus 22.7%.
- Net profit down 44.3% to Rs 198 crore versus Rs 356 crore.
Tata Chemicals (Q1, Consolidated YoY)
- Revenue up 14.4% to Rs 4,255 crore versus Rs 3,719 crore.
- Ebitda down 14.5% to Rs 555 crore versus Rs 649 crore.
- Margin at 13% versus 17.5%.
- Net loss at Rs 17 crore versus profit of Rs 252 crore.
Gallantt Ispat (Q1, Consolidated YoY)
- Revenue up 1.6% to Rs 1,146 crore versus Rs 1,128 crore.
- Ebitda down 25% to Rs 185 crore versus Rs 247 crore.
- Margin at 16.2% versus 21.9%.
- Net profit down 28.8% to Rs 124 crore versus Rs 174 crore.
- Appointed Amit Jalan as CFO.
Tilaknagar Industries (Q1, Consolidated YoY)
- Revenue to Rs 1,046 crore versus Rs 394 crore.
- Ebitda up 78.9% to Rs 169 crore versus Rs 94.4 crore.
- Margin at 16.1% versus 24%.
- Net profit down 64.3% to Rs 31.6 crore versus Rs 88.5 crore.
- Reported one-time cost of Rs 30 crore in Q1.
CCL Products (Q1, Consolidated YoY)
- Revenue up 13.7% to Rs 1,200 crore versus Rs 1,056 crore.
- Ebitda up 21.6% to Rs 193 crore versus Rs 159 crore.
- Margin at 16.1% versus 15.1%.
- Net profit up 61.5% to Rs 117 crore versus Rs 72.4 crore.
Supreme Petrochem (Q1, Consolidated YoY)
- Revenue up 22.3% to Rs 1,715 crore versus Rs 1,402 crore.
- Ebitda to Rs 332 crore versus Rs 116 crore.
- Margin at 19.4% versus 8.3%.
- Net profit at Rs 237 crore versus Rs 81.8 crore.
- To spend Rs 325 crore for additional polystyrene capacity.
Balaji Amines (Q1, Consolidated YoY)
- Revenue up 27.2% to Rs 456 crore versus Rs 358 crore.
- Ebitda to Rs 116 crore versus Rs 54.7 crore.
- Margin at 25.4% versus 15.3%.
- Net profit up 97.2% to Rs 74.9 crore versus Rs 38 crore.
JK Paper (Q1, Consolidated YoY)
- Revenue up 13.6% to Rs 1,887 crore versus Rs 1,661 crore.
- Ebitda up 16.5% to Rs 290 crore versus Rs 249 crore.
- Margin at 15.4% versus 15%.
- Net profit up 64.6% to Rs 130 crore versus Rs 79 crore.
Aeroflex Industries (Q1, Consolidated YoY)
- Revenue up 72.5% to Rs 145 crore versus Rs 84.3 crore.
- Ebitda at Rs 33.5 crore versus Rs 15.4 crore.
- Margin at 23% versus 18.2%.
- Net profit at Rs 18.8 crore versus Rs 7.2 crore.
Home First Finance (Q1, YoY)
- Total income up 18.6% to Rs 540 crore versus Rs 455 crore.
- Net profit up 34.4% to Rs 160 crore versus Rs 119 crore.
Tejas Networks (Q1, Consolidated YoY)
- Revenue up 99.1% to Rs 402 crore versus Rs 202 crore.
- Ebitda loss at Rs 100 crore versus loss of Rs 136 crore.
- Net loss at Rs 202 crore versus loss of Rs 194 crore.
Indus Towers (Q1, Consolidated YoY)
- Revenue up 4.6% to Rs 8,431 crore versus Rs 8,058 crore.
- Ebitda up 3% to Rs 4,521 crore versus Rs 4,390 crore.
- Margin at 53.6% versus 54.5%.
- Net profit up 0.5% to Rs 1,746 crore versus Rs 1,737 crore.
- Other income at Rs 121 crore versus Rs 85 crore.
Capri Global Capital (Q1, Consolidated YoY)
- Total income up 57% to Rs 1,581 crore versus Rs 1,005 crore.
- Net profit at Rs 353 crore versus Rs 175 crore.
Happiest Minds (Q1, Consolidated QoQ)
- Revenue up 4% to Rs 629 crore versus Rs 604 crore.
- EBIT up 15.8% to Rs 95 crore versus Rs 82 crore.
- EBIT margin at 15.1% versus 13.6%.
- Net profit up 10.5% to Rs 67.6 crore versus Rs 61.2 crore.
Aurionpro Solutions (Q1, Consolidated QoQ)
- Revenue up 3.6% to Rs 358 crore versus Rs 346 crore.
- EBIT down 11.3% to Rs 50.1 crore versus Rs 56.5 crore.
- EBIT margin at 14% versus 16.3%.
- Net profit down 25.4% to Rs 45.9 crore versus Rs 61.5 crore.
Stock Market Live: Macquarie Retains Underperform Rating On Meesho
Macquarie maintained its Underperform rating on Meesho with a target price of Rs 125. The brokerage expects net merchandise value to grow at a compound annual rate of 21% between FY26 and FY29.
It expects contribution margin and adjusted EBITDA margin to improve by 300–450 basis points. Macquarie said Meesho’s integrated commerce ecosystem was a positive, but low average order value limited monetisation and order frequency needed to improve.
Stock Market Live: Derivatives Data Shows Bulls Holding Ground Above Key Support
Open interest data indicates traders continue defending the 23,000 Put strike, while fresh positions build near resistance levels.
Stock Market Live: Gandhar Oil Removed From ASM Framework
Gandhar Oil Refinery exits the Additional Surveillance Measure framework, potentially improving trading liquidity.
Stock Market Live: Bluestone, Diamond Power Among Stocks Under ASM Watch
Exchanges have placed Bluestone Jewellery, Diamond Power Infrastructure, E2E Networks and Sri Lotus Developers under the Short-Term ASM framework to curb excessive volatility.
Stock Market Live: Gravita India To Shut US Subsidiary From August
Gravita India approved the closure of Gravita Metal Inc., with the shutdown set to take effect from Aug. 1.
Stock Market Live: Sumitomo Chemical India Announces Leadership Transition
Sumitomo Chemical India approved the appointment of Dr. Suresh Ramachandran as Managing Director from Sept. 1 while Chetan Shah transitions to a non-executive role.
Stock Market Live: Brokerages Retain Positive Ratings On Bharat Electronics
JPMorgan maintained its Overweight rating on Bharat Electronics with a target price of Rs 525. It said the product mix affected first-quarter margins, while the company retained its FY27 guidance.
Goldman Sachs maintained Buy but cut its target price to Rs 470 from Rs 475. It said order inflows remain a key factor and expects margins to remain resilient.
Macquarie retained Outperform and raised its target price to Rs 550 from Rs 510 after first-quarter performance exceeded expectations. It expects FY27 order inflows to exceed Rs 55,000 crore.
Jefferies maintained Buy but lowered its target price to Rs 550 from Rs 585. It said execution offset the margin miss and management reiterated its expectation of more than 15% revenue growth in FY27.
Stock Market Live: NDR Auto Shareholders Approve Whole-Time Director Reappointments
NDR Auto Components informed exchanges that shareholders approved the reappointment of its three whole-time directors.
Stock Market Live: Zaggle Signs Three-Year Deal With Daimler India
Zaggle Prepaid entered a three-year agreement with Daimler India Commercial Vehicles to provide fleet management and corporate card solutions.
Stock Market Live: Motisons Sees Large Institutional Buying In Block Deal
Motisons witnessed a block deal where Arihant Capital Markets bought over 5.5 lakh shares ahead of the trading session.
Stock Market Live: AGM Watch Puts Pfizer, Happiest Minds In Focus
Several companies, including Pfizer, Happiest Minds, Punjab & Sind Bank and Sundaram Clayton, are holding annual general meetings today. Investors will watch for management commentary.
Stock Market Live: SRF Turns Ex-Dividend Today
SRF trades ex-interim dividend today after announcing a payout of Rs 5 per share.
Stock Market Live: Citi Raises RR Kabel Target Price To Rs 3,000
Citi maintained its Buy rating on RR Kabel and raised the target price to Rs 3,000 from Rs 2,650.
The brokerage said execution had improved over recent quarters. It added that meeting growth and margin guidance could support a further re-rating.
Stock Market Live: Transrail Lighting Eyes Capital Raise
Transrail Lighting is another company on traders' radar with its board scheduled to consider a fund-raising proposal.
Stock Market Live: 5Paisa Capital Board To Mull Equity Issue
Shares of 5Paisa Capital could remain in focus as the company's board considers issuing equity shares or other eligible securities.
Stock Market Live: Cholamandalam Finance Board To Consider Fund Raise Today
Cholamandalam Investment & Finance will be on investors' radar as its board meets to consider a fund-raising proposal.
Stock Market Live: SRF Gets Relief On Income Tax Demand
With heavyweight companies including Hindustan Unilever, Larsen & Toubro, Ambuja Cements and Varun Beverages scheduled to report earnings today, investors will watch management commentary closely for cues on sectoral trends and the broader market outlook.
Stock Market Live: Torrent Pharma Shares In Focus After Listing Approval
NSE and BSE approved the listing of shares issued under the JB Chemicals merger, effective July 28.
Stock Market Live: Brokerages Retain Mixed Ratings On Coal India After Q1
Citi retained its Neutral rating on Coal India and cut the target price to Rs 430 from Rs 440. It said first-quarter profit met estimates, while volume trends remained muted and high inventory could limit gains in e-auction prices.
JPMorgan maintained Neutral and lowered its target price to Rs 430 from Rs 435 after adjusted EBITDA missed estimates. It flagged risks from lower international coal prices, high inventory and a possible rise in wage costs.
Jefferies retained its Buy rating with a target price of Rs 500. It said higher global coal prices and a recovery in power demand could support volumes.
Morgan Stanley maintained Equal-weight with a target price of Rs 420. It cited lower-than-expected realisations, higher operating costs and a lack of triggers for a re-rating.
Stock Market Live: Ramco Systems Price Band Reduced To 5%
Exchanges have revised the daily price band for Ramco Systems to 5% from 10%, effective today.
Stock Market Live: Gandhar Oil Among Stocks Sees Block Deal Activity On Monday
Several stocks, including Gandhar Oil Refinery, Asian Granito Tiles and Bluestone Jewellery, witnessed block deals during market market hours on Monday.
- Asian Granito Tiles: Gaurav R Gandhi HUF sold 4.75 lakh shares at Rs 53.77/share.
- Bluestone Jewel: HRTI Private Limited bought 59,171 shares at Rs 808.14/share. QE Securities LLP sold 31,259 shares at Rs 806.12/share.
- Caliber Mining and Logistics: Dipan Mehta Commodities Private Limited sold 9,940 shares at Rs 583.78/share. Elixir Wealth Management Private Limited sold 6,980 shares at Rs 578.43/share. Irage Broking Services LLP bought 88,887 shares at Rs 586.23/share. Junomoneta Finsol Private Limited bought 16,813 shares at Rs 584.33/share. Irage Broking Services LLP sold 88,887 shares at Rs 588.25/share.
- Creative Newtech: Junomoneta Finsol Private Limited bought 1,465 shares at Rs 1,014.72/share.
- Gandhar Oil Refinery: HRTI Private Limited sold 6.50 lakh shares at Rs 247.72/share. Junomoneta Finsol Private Limited bought 8,067 shares at Rs 247.61/share. QE Securities LLP bought 17,659 shares at Rs 246.21/share.
- KFin Technologies: Graviton Research Capital LLP bought and sold 10.73 lakh shares (no net change).
- Motisons: Arihant Capital Markets Limited bought 5.55 lakh shares at Rs 14.51/share.
- Shanti Gold: Arihant Capital Markets Limited bought 4,200 shares at Rs 226.80/share.
- Suryoday Small Finance Bank: Junomoneta Finsol Private Limited bought 1,401 shares at Rs 191.50/share.
Stock Market Live: Tejas Networks Revenue Doubles But Loss Widens
Tejas Networks (Q1, Consolidated YoY)
- Revenue up 99.1% to Rs 402 crore versus Rs 202 crore.
- Ebitda loss at Rs 100 crore versus loss of Rs 136 crore.
- Net loss at Rs 202 crore versus loss of Rs 194 crore.
Stock Market Live: Northern Arc Capital AUM Crosses Rs 16,800 Crore
Northern Arc Capital reported a 41% rise in quarterly profit, while assets under management grew more than 26%.
Stock Market Live: Balaji Amines Nearly Doubles Quarterly Profit
Balaji Amines (Q1, Consolidated YoY)
- Revenue up 27.2% to Rs 456 crore versus Rs 358 crore.
- Ebitda to Rs 116 crore versus Rs 54.7 crore.
- Margin at 25.4% versus 15.3%.
- Net profit up 97.2% to Rs 74.9 crore versus Rs 38 crore.
Stock Market Live: HSBC Retains Reduce Rating On Avenue Supermarts
- HSBC maintained its Reduce rating on Avenue Supermarts with a target price of Rs 3,570. The brokerage said Chief Executive Officer Anshul Asawa may present his strategy at the company’s analyst meeting.
- HSBC expects the focus to remain on store additions, changes to the e-commerce strategy, private-label expansion and performance in new markets. It said DMart’s pricing advantage faces pressure.
Stock Market Live: Tata Chemicals Slips Into Quarterly Loss
Tata Chemicals (Q1, Consolidated YoY)
- Revenue up 14.4% to Rs 4,255 crore versus Rs 3,719 crore.
- Ebitda down 14.5% to Rs 555 crore versus Rs 649 crore.
- Margin at 13% versus 17.5%.
- Net loss at Rs 17 crore versus profit of Rs 252 crore.
Stock Market Live: Waaree Renewable Bags New Zealand Solar Project
Waaree Renewable Technologies signed an engineering, procurement and construction agreement for a utility-scale solar and battery storage project in New Zealand.
Stock Market Live: Avenue Supermarts Opens Another DMart Store
Avenue Supermarts expanded its retail footprint with a new store in Udaipur, taking the total store count to 505.
Stock Market Live: Adani Energy Launches Qualified Institutional Placement
Adani Energy launched its qualified institutional placement with a floor price of Rs 1,698.15 per share and may offer up to a 5% discount.
Stock Market Live: JPMorgan Retains Neutral Rating On Tata Power
JPMorgan maintained its Neutral rating on Tata Power with a target price of Rs 423 after first-quarter results broadly met its estimates.
The brokerage said losses in the Odisha distribution business rose sequentially, while the Delhi business continued to grow. Tata Power commissioned 226 MW of renewable capacity during the quarter.
The company has guided for capital expenditure of Rs 25,000 crore and renewable commissioning of about 2.5 GW in FY27. JPMorgan said leverage was rising due to capital expenditure, while solar manufacturing remained profitable and the rooftop solar business continued to grow.
Stock Market Live: TVS Motor Raises Stake In TVS Credit Services
TVS Motor acquired an additional stake in TVS Credit Services from Lucas TVS, taking its ownership to 85.15%.
Stock Market Live: Godfrey Phillips Q1 Margin Shrinks
Godfrey Phillips (Q1, Consolidated YoY)
- Revenue down 19% to Rs 1,206 crore versus Rs 1,486 crore.
- Ebitda down 46.2% to Rs 182 crore versus Rs 338 crore.
- Margin at 15.1% versus 22.7%.
- Net profit down 44.3% to Rs 198 crore versus Rs 356 crore.
Stock Market Live: Coal India Q1 Operating Profit Declines, Margin Contracts
Coal India (Q1, Consolidated YoY)
- Revenue up 7.8% to Rs 46,255 crore versus Rs 42,919 crore.
- Ebitda down 4.1% to Rs 12,069 crore versus Rs 12,588 crore.
- Margin at 26.1% versus 29.3%.
- Net profit up 0.6% to Rs 8,852 crore versus Rs 8,797 crore.
Stock Market Live: Tata Power Profit Rises 11%, But Margin Contracts
Tata Power (Q1, Consolidated YoY)
- Revenue up 5.6% to Rs 19,051 crore versus Rs 18,035 crore.
- Ebitda down 3% to Rs 4,013 crore versus Rs 4,139 crore.
- Margin at 21.1% versus 22.9%.
- Net profit up 10.9% to Rs 1,176 crore versus Rs 1,060 crore.
Stock Market Live: Bharat Electronics Reports Double-Digit Revenue Growth
Bharat Electronics (Q1, YoY)
- Revenue up 25.3% to Rs 5,533 crore versus Rs 4,417 crore.
- Ebitda up 12% to Rs 1,389 crore versus Rs 1,240 crore.
- Margin at 25.1% versus 28.1%.
- Net profit up 8.2% to Rs 1,048 crore versus Rs 969 crore.
- Order book stood at Rs 72,258 crore as on July 1.
Stock Market Live: Gravita India Revenue Jumps Over 40% In Q1
Gravita India (Q1, Consolidated YoY)
- Revenue up 41.8% to Rs 1,475 crore versus Rs 1,040 crore.
- Ebitda up 9% to Rs 109.7 crore versus Rs 100.6 crore.
- Margin at 7.4% versus 9.7%.
- Net profit up 14% to Rs 106 crore versus Rs 93 crore.
- Approved closure of Gravita Metal Inc.
Stock Market Live: Sun Pharma Partner Resubmits Melanoma Drug Application
Sun Pharmaceutical's partner Philogen has resubmitted the marketing application for Nidlegy in Europe, Australia and New Zealand.
Stock Market Live: JPMorgan, Macquarie Retain Positive Calls On HDFC Bank
JPMorgan maintained its Overweight rating on HDFC Bank with a target price of Rs 990. It said the board’s actions could help close the matter concerning the MSRDC deposit arrangement. The brokerage said the conduct reflected business overreach rather than improper intent.
Macquarie retained its Outperform rating with a target price of Rs 1,150. It said the MSRDC review found no misconduct and that focus would now shift to the chief executive officer’s term extension.
Both brokerages said the CEO’s extension remains subject to the board’s recommendation and the Reserve Bank of India’s approval.
Stock Market Live: Wipro Expands AI Partnership With Databricks
Wipro partnered with Databricks to help enterprises modernise data infrastructure and deploy artificial intelligence solutions at scale.
Stock Market Live: Bank of Baroda Admits To Cyber Security Incident
Bank of Baroda disclosed a potential business email compromise but said the incident has not had any material impact on operations or financial performance.
Stock Market Live: Tata Motors Flags Supply Disruption After Gujarat Floods
Tata Motors said flooding affected operations at its Sanand facility and some suppliers in Gujarat. The company expects normal production to resume within a few days.
Stock Market Live: Tata Power Approves Rs 4,500 Crore Fund Raise
Tata Power's board approved raising up to Rs 4,500 crore through non-convertible debentures and bonds to refinance existing borrowings.
Stock Market Live: Coal India Declares Rs 5.5 Interim Dividend
Coal India announced an interim dividend of Rs 5.5 per share after reporting a marginal increase in quarterly profit despite lower operating margins.
Stock Market Live: Hindustan Unilever, L&T, Suzlon Headline Earnings Calendar
A packed earnings calendar will keep investors busy today, with results due from Hindustan Unilever, Larsen & Toubro, Suzlon Energy, Ambuja Cements, Varun Beverages and several other companies.
Stock Market Live: India Tightens Semaglutide Supply Checks After Counterfeit Alert
India’s drug regulator has directed state and Union Territory authorities to increase checks on pharmaceutical supply chains after Interpol flagged a counterfeit semaglutide batch, Mint reported.
The alert concerned batch FJ3178, with an expiry date of February 2029, carrying the name of European company Hilma Biocare, the report said, adding that the CDSCO issued the directive after receiving information from the CBI on July 7.
Stock Market Live: Trump Says US Paused Iran Strikes To Allow Talks
US President Donald Trump said the US paused strikes against Iran to allow negotiations to proceed, according to reports. He said military operations could resume if the talks fail.
Stock Market Live: US Trade Representative Says Capacity Probe May Lead To More Tariffs
The US Trade Representative said tariffs would not affect US interest rates, according to reports. The official said an investigation into excess capacity was nearing completion and could result in additional tariffs.
Stock Market Live: Trump Says US And Iran Are Holding Talks On Deal
US President Donald Trump said the US and Iran were holding talks over a possible agreement, Bloomberg reported. He described the negotiations as friendly and said the US would move quickly to end Iran’s nuclear threat.
Stock Market Live: US Administration Nears Voluntary AI Framework
- The Trump administration is close to introducing a voluntary framework for artificial intelligence, according to the information provided.
- Trump also said Iran was holding negotiations with the US over a possible agreement and reiterated plans to address Iran’s nuclear programme.
Stock Market Live: Trump Says Prices May Fall After US-Iran War Ends
- US President Donald Trump said prices could fall sharply once the war ends. He reiterated that the US should have the world’s lowest interest rate and said Federal Reserve Chair Kevin Warsh would make the appropriate decision.
- Trump also said he would ask Russian President Vladimir Putin about reports of Russia providing satellite images to Iran.
Stock Market Live: Brent Falls Below $88 As US-Iran Talks Ease Supply Concerns
Brent crude fell below $88 a barrel after dropping 8.7% on Monday, its steepest decline in more than three months. West Texas Intermediate traded near $82 a barrel as the US and Iran held talks to end the Middle East conflict.
Stock Market Live: Wall Street Ends Mixed, US Futures Remain Subdued
- The Dow Jones Industrial Average rose more than 260 points, or about 0.5%, overnight. The S&P 500 ended little changed as crude oil prices fell after a temporary pause in fighting between the US and Iran.
- Dow futures gained 24 points during Asian trade. S&P 500 futures slipped 0.03%, while Nasdaq-100 futures fell 0.2% ahead of results from major technology companies.
Stock Market Live: Asian Markets Fall Ahead Of Policy Decisions, Tech Earnings
- Japan’s Nikkei 225 fell 3.51%, while South Korea’s Kospi dropped 6.70%. Australia’s ASX 200 declined 0.27%.
- Investors reduced risk ahead of monetary policy announcements and earnings from global technology companies. Developments in the Middle East also remained in focus.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
