Stock Market News Today Live Updates: GIFT Nifty Points To Positive Open For Nifty, Sensex; Kospi Slumps Over 4%; Brent Crude Gains Above $72 A Barrel

• Morgan Stanley maintained Equal-weight on Jubilant FoodWorks with a target price of Rs 486. It said Q1 was in line, with sequential improvement in India growth matching expectations.
• Macquarie maintained Underperform with a target price of Rs 360. It said India performance was in line, while the international business remained weak.
• Brokerages said margins remain a key monitorable amid inflationary pressures. Morgan Stanley expects EBITDA margin to decline sequentially to 20%, while Macquarie expects India margins to remain broadly flat.

• Citi maintained Sell on Trent with a target price of Rs 2,733, citing moderation in revenue growth despite a soft base and weak revenue per sq. ft. trends.
• Macquarie maintained Outperform with a target price of Rs 3,600, while Morgan Stanley retained Overweight with a target price of Rs 3,151. Both brokerages said Q1 sales growth was weaker than expected.
• Bernstein maintained Outperform with a target price of Rs 3,500. It said the Q1 update missed revenue estimates, while 20% growth is becoming the new normal. Brokerages flagged store expansion, same-store sales growth, urban consumption and competition as key monitorables.

• Citi maintained Buy on Titan with a target price of Rs 5,075, while Macquarie retained Outperform with a target price of Rs 5,000.
• Morgan Stanley maintained Overweight with a target price of Rs 5,182 and said Titan remains its preferred pick. Bernstein retained Outperform with a target price of Rs 5,000.
• Brokerages said Titan’s Q1 update was supported by jewellery demand, festive sales and Akshaya Tritiya. They also cited double-digit buyer growth, stable jewellery margins and strong growth across watches and jewellery.

• CLSA’s Laurence Balanco said IndusInd Bank’s breakout above the Rs 957–968 resistance zone confirms fresh momentum and indicates an upside target of Rs 1,250–1,260.
• The brokerage said HDFC AMC’s breakout opens the way for an upside objective of Rs 3,580. It sees Godrej Properties’ break above Rs 1,894–1,951 supporting an upside target of Rs 2,650–2,660.
• CLSA also said Bajaj Holdings’ move back above its 200-day moving average reinforces the late-June breakout, with an upside objective of Rs 13,390–13,400.

• InCred initiated coverage on Mankind Pharma with an Add rating and a target price of Rs 2,821.
• The brokerage said Mankind Pharma is moving into less-crowded markets with a focus on defensible products. It said chronic therapies account for about 40% of the portfolio, while the new biologics platform is supported by an expanding field force.

• Nuvama initiated coverage on Aequs with a Buy rating and a target price of Rs 444.
• The brokerage cited Aequs’ aerospace and consumer electronics businesses, programme longevity and order book as key drivers. It said the company’s $889 million order book supports 42% sales CAGR and 84% EBITDA CAGR over FY26–29.
• Nuvama expects EBITDA to rise as the consumer business reaches break-even.

• Goldman Sachs maintained its Buy rating on Indian Hotels and raised the target price to Rs 830 from Rs 790.
• The brokerage said domestic demand likely remained resilient, while international air traffic is showing initial signs of improvement. It said Indian Hotels reported high single-digit RevPAR growth despite several disruptions in FY26, with gradual margin expansion expected from FY27 onwards.

• Jefferies said allocation under the electronics component manufacturing scheme rose 75% to Rs 40,000 crore in February 2026, while allocation under mobile PLI was cut 81%.
• The brokerage said disbursement across 14 PLI schemes so far is estimated at 26% of the initial outlay till FY27. It expects ECMS to cover 50% of the mobile bill of materials.
• Jefferies remains bullish on component plays such as Syrma SGS and Kaynes, while it has a Hold rating on Dixon Technologies. It expects EMS companies to deliver an average EPS CAGR of 26% over FY26–29.

• Nifty July futures rose 0.52% to 24,479.90, trading at a premium of 49 points.
• In Nifty options, maximum call open interest was at the 24,500 strike, while maximum put open interest was at the 24,000 strike.
• No securities are in the F&O ban period.

• Digitide Solutions and National Standard will see their price bands revised to 10% from 20%.
• Amir Chand Jagdish Kumar (Exports) and IKIO Technologies have been shortlisted under the Short-Term ASM Framework.
• Indo Count Industries, Network People Services Technologies, Pearl Global Industries and Pokarna will be excluded from the ASM Framework.

• Lloyds Enterprises sold 6.64 lakh Bharat Wire shares at Rs 220.07 apiece.
• In Motisons Jewellers, Ajay Gupta sold 59.18 lakh shares at Rs 14.94 apiece. Arihant Capital Markets bought 15.63 lakh shares, while HRTI and QE Securities sold shares in separate transactions.
• Larsen & Toubro sold 23.25 lakh SEIT InvIT units at Rs 123 apiece, while Nuvama Wealth Finance bought 7.75 lakh units at the same price.
• In Digitide, Elixir Wealth Management and Irage Broking Services bought shares in separate transactions. Irage Broking Services also sold 5.43 lakh shares at Rs 114.93 apiece.

AWL Agri Business, Tata Power, Indian Overseas Bank and Computer Age Management Services will hold their annual general meetings today.

• Cochin Shipyard OFS opens for non-retail investors on July 7 and retail investors on July 8. The government will sell up to 2.52% stake, with an option to sell another 2.52%.

• SEBI issued an administrative warning to Reliance Industries’ compliance officer over alleged insider trading regulation lapses linked to employee trades in July 2024.

• Varun Beverages’ Kenya arm will acquire the dairy beverages, juices and packaged drinking water business of Devyani Food Industries Kenya for Rs 305 crore.

• Capillary Technologies said an overseas subsidiary was targeted in a EUR 3 million deepfake banking fraud, of which EUR 0.45 million has been recovered.

• Info Edge approved the acquisition of the remaining 45.36% stake in CodingNinjas for about Rs 39.91 crore. Blue Jet Healthcare opened its QIP on July 6 with a floor price of Rs 531.70 per share.

• Trent reported 19% year-on-year growth in Q1FY27 standalone revenue at Rs 5,666 crore, compared with Rs 4,781 crore a year earlier.
• The company added 20 net stores during the quarter, taking its total store count to 1,312. This includes 301 Westside stores and 982 Zudio stores.

• Jubilant FoodWorks reported 14.1% year-on-year growth in Q1FY27 consolidated revenue at Rs 2,569.3 crore.
• Standalone revenue rose 9.2% to Rs 1,848.5 crore. Domino’s India reported 2.5% like-for-like growth.
• The group added 76 net stores during the quarter, taking its total store count to 3,712.

• Titan Company said its consumer businesses revenue grew 41% year-on-year in Q1FY27.
• Jewellery revenue rose 39%, while watches and eyecare grew 23% each. Emerging businesses revenue increased 19%.
• Domestic business grew 37%, while international business rose 128%. The company added 77 net stores during the quarter, taking its retail network to 3,680 stores.

• Samsung Electronics shares fell as much as 6.8% in Seoul after its quarterly profit rose 19-fold but failed to meet investor expectations for AI-linked chip suppliers.
• The company reported preliminary operating income of 89.4 trillion won for the June quarter, beating estimates by about 6%. Revenue more than doubled to 171 trillion won.

• Bitcoin rose 0.5% to $64,085.95, while Ether gained 0.5% to $1,801.06.
• Investors continued to track geopolitical developments, commodity prices and currency movements for further direction.

• The Japanese yen weakened to around 162.15 against the US dollar after positioning data showed hedge funds had turned the most bearish on the currency since 2007.
• The move raised the possibility of further scrutiny from Japanese authorities.

• UK Maritime Trade Operations said a tanker near Limah, Oman, was hit by a projectile that caused a fire on board. No injuries were reported.
• Vessel movements through the Strait of Hormuz have resumed after easing US-Iran hostilities, but shipping volumes remain below pre-conflict levels. A convoy including at least eight Japan-linked ships recently passed through the route, indicating a gradual recovery in operations.

• US markets advanced in the first session after the Independence Day holiday, with the Dow Jones Industrial Average rising 0.29% to close at a record high.
• The S&P 500 gained 0.72%, while the Nasdaq Composite added 1.12%, supported by continued buying in large-cap stocks.

• Asian markets opened lower on Tuesday as investors assessed renewed risks to oil shipments through the Strait of Hormuz.
• South Korea’s Kospi fell 3.23%, while Japan’s Nikkei 225 slipped 0.07% and Australia’s ASX 200 declined 0.25%. The declines came even as the Dow Jones Industrial Average closed at another record high overnight.

• Oil markets remained in focus after a vessel was reportedly struck near the Strait of Hormuz, highlighting continued security risks even as shipping through the route gradually recovers.
• Brent crude traded above $72 a barrel, while West Texas Intermediate hovered near $69. UK Maritime Trade Operations said a tanker near Limah, Oman, was hit by a projectile that caused a fire on board, with no injuries reported.

• GIFT Nifty traded at 24,577.50, compared with Monday’s Nifty 50 close of 24,430.35.
• The level indicated a higher start for Indian equities.