Stock Market News Today Live Updates: GIFT Nifty Indicates Negative Open Ahead Nifty F&O Expiry; Asian Stocks Slump Led By Kospi's 8% Fall

Zaggle Prepaid entered a three-year agreement with Daimler India Commercial Vehicles to provide fleet management and corporate card solutions.

Motisons witnessed a block deal where Arihant Capital Markets bought over 5.5 lakh shares ahead of the trading session.

Several companies, including Pfizer, Happiest Minds, Punjab & Sind Bank and Sundaram Clayton, are holding annual general meetings today. Investors will watch for management commentary.

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.

SRF trades ex-interim dividend today after announcing a payout of Rs 5 per share.

Transrail Lighting is another company on traders' radar with its board scheduled to consider a fund-raising proposal.

Shares of 5Paisa Capital could remain in focus as the company's board considers issuing equity shares or other eligible securities.

Cholamandalam Investment & Finance will be on investors' radar as its board meets to consider a fund-raising proposal.

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.

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.

NSE and BSE approved the listing of shares issued under the JB Chemicals merger, effective July 28.

Exchanges have revised the daily price band for Ramco Systems to 5% from 10%, effective today.

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.

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.

Northern Arc Capital reported a 41% rise in quarterly profit, while assets under management grew more than 26%.

• 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.

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.

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.

Waaree Renewable Technologies signed an engineering, procurement and construction agreement for a utility-scale solar and battery storage project in New Zealand.

Avenue Supermarts expanded its retail footprint with a new store in Udaipur, taking the total store count to 505.

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.

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.

TVS Motor acquired an additional stake in TVS Credit Services from Lucas TVS, taking its ownership to 85.15%.

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.

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.

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.

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.

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.

Sun Pharmaceutical's partner Philogen has resubmitted the marketing application for Nidlegy in Europe, Australia and New Zealand.

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.

Wipro partnered with Databricks to help enterprises modernise data infrastructure and deploy artificial intelligence solutions at scale.

Bank of Baroda disclosed a potential business email compromise but said the incident has not had any material impact on operations or financial performance.

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.

Tata Power's board approved raising up to Rs 4,500 crore through non-convertible debentures and bonds to refinance existing borrowings.

Coal India announced an interim dividend of Rs 5.5 per share after reporting a marginal increase in quarterly profit despite lower operating margins.

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.

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.

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.

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.

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.

• 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.

• 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.

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.

• 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.

• 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.

GIFT Nifty traded at 23,981, about 15 points below the Nifty 50’s Monday close of 23,995.95.