Stock Market Crash News Highlights: Nifty, Sensex Clock Longest Losing Streak In Nearly Two Months Over Surging Brent Crude

• The Nifty 50 fell 126.65 points, or 0.53%, to 23,869.60, while the Sensex declined 363.66 points, or 0.47%, to 76,391.39.
• The benchmarks extended losses for a fourth consecutive session, marking their longest losing streak since June 6, as higher Brent crude prices weighed on sentiment.

• CLSA India prefers e-commerce platforms and discretionary companies over consumer staples. Eternal reported revenue growth and an improvement in working capital in Q1, though contribution per order was below expectations.
• Nestle India remains one of CLSA’s preferred FMCG stocks, but revenue growth may remain slow and the comparison base is expected to become tougher from Q3FY27.

• WazirX said returning users accounted for 95% of traders on its platform after the restart in the first half of 2026. Deposits remained two to six times higher than withdrawals, while withdrawal requests declined nearly 55%.
• Futures trading value increased 300% between March and June. Stablecoins accounted for 38.5% of total trading volume, while Bitcoin, Ethereum and Layer 1 assets contributed 28.4%.

• Oracle Financial Services Software said it has no knowledge of reported plans by Oracle Corp. to sell a stake in the company. It added that no related event required disclosure to the stock exchanges before the report was published.
• The clarification followed a more than 3% movement in the stock price. The company said it does not comment on market speculation.

• Gandhar Oil expects revenue to reach Rs 4,500 crore by the end of FY27, with growth gaining pace over the next two to three years. The company expects margins to expand, supported by PHPO products.
• The company plans capital expenditure of Rs 30-40 crore in FY27 and expects clarity on capacity expansion by Q2. It will also establish an office in South Africa.

• Mahindra Lifespace Developers’ consolidated net profit rose 67% year-on-year to Rs 85.5 crore, while revenue increased to Rs 962 crore from Rs 32 crore.
• The company reported Ebitda of Rs 94.5 crore, compared with a loss of Rs 55 crore a year earlier. Ebitda margin stood at 9.8%.

• Coromandel International’s consolidated net profit fell 23.9% year-on-year to Rs 382 crore, while revenue rose 15.9% to Rs 8,165 crore.
• Ebitda declined 3.3% to Rs 756 crore. Ebitda margin narrowed to 9.3% from 11.1% a year earlier.

• The Civil Aviation Ministry said higher aviation turbine fuel prices amid tensions in West Asia prompted Indian airlines to introduce a fuel surcharge in mid-March 2026. Airlines revised the surcharge in April based on flight distance.
• The DGCA’s Tariff Monitoring Unit is tracking airfares on 78 selected routes. Airlines remain free to set fares based on operational and economic factors, while the government generally avoids regulating ticket prices.

• UCO Bank plans to raise $500 million through FCNR(B) deposits and offshore foreign currency borrowing to support liquidity and strengthen its balance sheet.
• The bank is exploring borrowing options as advances continue to grow faster than deposits.

• The Nifty 50 extended losses to fall as much as 0.8% to 23,811.
• The Sensex declined as much as 564 points, or 0.7%, to 76,190.

• Switzerland’s SMI fell 1.12%, while Italy’s FTSE MIB declined 1.41%. France’s CAC 40 and Denmark’s OMXC 25 dropped 0.88% and 1.06%, respectively.
• Germany’s DAX slipped 0.49% and the UK’s FTSE 100 edged 0.06% lower. Belgium’s BEL 20 and Portugal’s PSI 20 gained 0.73% and 0.43%, respectively.

• South Korea’s Kospi gained 4.4%, while Hong Kong’s Hang Seng Index rose 1.28%. Japan’s Nikkei 225 advanced 0.46%.
• China’s Shanghai Composite added 0.25%, while Australia’s ASX 200 closed 0.18% higher.

• PVR INOX reported a consolidated net profit of Rs 56.5 crore in Q1, compared with a loss of Rs 54.5 crore a year earlier. Revenue rose 11.9% to Rs 1,622 crore, while Ebitda increased 31% to Rs 529 crore. Ebitda margin expanded to 32.6% from 27.9%.
• The Odyssey has collected Rs 44-56 crore at the Indian box office so far, according to analysts, with the impact expected in Q2FY27. PVR INOX recorded over 10 lakh admissions during the opening weekend and expects its upcoming content pipeline to support footfalls.

• Sanathan Textiles has started the first phase of its Punjab unit and expects to utilise the facility at full capacity by FY28.
• The company said higher scale in its yarn business may support margins. It expects potential trade agreements with the EU and the US to expand export opportunities.

• The US said Iran does not appear ready to reach an agreement and warned that military action would continue. It also said Iran had planned to double its missile stockpile.
• The US urged the Houthis to stay out of the conflict and described Saudi Arabia as a strategic partner seeking a civilian nuclear programme.

• Chennai Petroleum’s net profit fell 27% quarter-on-quarter to Rs 1,017 crore, while revenue rose 43.5% to Rs 27,370 crore.
• Ebitda declined 23.6% to Rs 1,555 crore, while the Ebitda margin narrowed to 5.7% from 12.1%. The company recognised additional revenue of Rs 385 crore during the quarter.

• Novartis India’s net profit rose 16.7% year-on-year to Rs 32.2 crore, while revenue increased 18.7% to Rs 104 crore.
• Ebitda grew 29.2% to Rs 35 crore. Ebitda margin expanded to 33.7% from 30.9% a year earlier.

• Ujjivan Small Finance Bank’s net profit rose to Rs 317 crore from Rs 103 crore a year earlier. Net interest income increased 39% to Rs 1,187 crore, while operating profit grew 52% to Rs 548 crore.
• Gross NPA improved to 2.16% from 2.26% in the previous quarter, while net NPA declined to 0.34% from 0.43%. Provisions fell to Rs 127 crore from Rs 225 crore a year earlier.

• Asian Granito recorded its biggest intraday gain since May 2025, with trading volumes at 16 times the average.
• The company approved the conversion of Rs 3.38 crore in loans to its UAE subsidiary into equity. Its stake in the subsidiary will decline to 51% from 100%. The stock has gained 11% in one month but remains down 36.59% in 2026.

• BPCL sourced more crude oil from Venezuela and Angola during Q1, while Russian supplies accounted for 38% of procurement. Spot cargoes made up 69% of sourcing in the quarter, compared with 44% a year earlier.
• The company has secured crude supplies for August and is sourcing for September. BPCL also plans to sell its 10-kg LPG cylinder in 100 more cities across 24 states by Aug. 15.

• Manishi Raychaudhari of Emmer Capital told NDTV Profit that the Nifty could retest the 23,000 level as higher energy prices weigh on markets and concerns around artificial intelligence continue.
• Raychaudhari said the Q1 earnings recovery needs to sustain. Monsoon conditions and fertiliser supplies could affect food inflation, while private banks are likely to gain market share from public-sector banks.

• Vishal Mega Mart’s consolidated net profit rose 25.6% year-on-year to Rs 259 crore. Revenue increased 18.7% to Rs 3,727 crore.
• Ebitda grew 18.6% to Rs 545 crore, while the Ebitda margin remained unchanged at 14.6%. The company will cap aggregate foreign ownership at 49.99%.

• ITC estimates its addressable FMCG market will reach around Rs 8 lakh crore by 2035. The company plans to expand through brand building, digital commerce, new products and acquisitions.
• ITC’s FMCG revenue increased from about Rs 14,720 crore in FY21 to more than Rs 24,200 crore in FY26. Its brands reach nearly 28 crore households and are exported to over 70 countries.

• The Nifty has support in the 23,800-23,900 range, while Nifty Bank’s technical position remains weaker than the benchmark. Elevated Brent crude prices and lower European opening indications are weighing on sentiment.
• Auto stocks retain momentum, while paper and refinery ancillary stocks are gaining. Infosys, Cipla and InterGlobe Aviation earnings, along with US initial jobless claims and global corporate results, remain key triggers.

• HPCL expects the Rajasthan refinery to reach full capacity in Q3, with the crude distillation unit currently operating at 60% capacity. Petrochemical operations are likely to begin by the end of FY27.
• The company is not concerned about crude oil or LPG availability after diversifying supplies beyond the Strait of Hormuz, though pricing remains a concern. HPCL expects FY27 capital expenditure to remain below its Rs 9,700 crore target as it conserves cash and defers discretionary spending.

• Smartworks Coworking expects revenue to grow 35-40% over the next two years as demand for flexible office space increases. Global capability centres account for 45% of the company’s new revenue.
• The company spends Rs 1,400-1,450 per square foot to build office space and expects to add more inventory. Higher demand supported Q1 profitability.

• Cipla’s consolidated net profit fell 39.2% year-on-year to Rs 789 crore, below the estimate of Rs 840 crore. Revenue rose 2.3% to Rs 7,119 crore, broadly in line with the estimate of Rs 7,131 crore.
• Ebitda declined 33% to Rs 1,192 crore, compared with the estimate of Rs 1,269 crore. Ebitda margin narrowed to 16.7% from 25.6% a year earlier and missed the estimate of 17.8%.

• Mahindra Holidays said its Finland business continues to weigh on performance. The company does not plan to operate its own resorts outside India.
• The company is marketing a new product with Keystone and is implementing changes expected to reflect in its performance by FY30.

The largest changes in weekly options positioning were recorded around 23,900, 24,000 and 24,200, reflecting the most active strikes in the current derivatives setup.

Call open interest remains spread across higher strikes, with sizeable positions at:

• 24,200
• 24,500
• 25,000

Large Put open interest remains clustered between 23,500 and 23,900, highlighting strong positioning in this zone.

Technology-related names in the short covering basket include:

• TCS
• HCLTech

Stocks witnessing short covering include:

• PI Industries
• Voltas
• Hindustan Unilever
• CONCOR
• Max Healthcare
• LTF
• Paytm
• National Aluminium

Financial names in the long liquidation list include:

• Nifty Bank
• Nifty Fin Service
• Bank of India
• ICICI Prudential Life

The liquidation list includes:

• Tata Power
• Vodafone Idea
• SRF
• Titan
• Coal India
• Biocon
• NBCC
• NMDC

Other stocks witnessing accumulation include:

• JSW Steel
• United Spirits
• TVS Motor
• Eternal
• Motherson
• Swiggy
• Voltas
• PB Fintech

This indicates fresh long positions.

Stocks featuring in the accumulation list include:

• UPL
• Shree Cement
• APL Apollo
• Hero MotoCorp
• Godrej Consumer
• Page Industries
• Bosch
• Bharat Forge
• Manappuram
• Tata Consumer

This indicates fresh long positions.

TCS has recorded a 63.27% increase in futures open interest since the last expiry.

PI Industries has registered a 170.42% increase in total open interest since the previous expiry.

Wipro's total open interest has risen 169.24% since the previous expiry.

Persistent Systems' total open interest has increased 234.99% since the last expiry.

Bajaj Finance has recorded total open interest of 157,575 contracts, with overall OI increasing 31.85% since the last expiry.

• Call open interest in Nifty Mid Select has climbed 276.87% since the last expiry.
• Put open interest is up 266.43%.

• Nifty Bank Call open interest has increased 164.81% since the previous expiry.
• Put open interest has risen 104.18%.

• Call open interest in Nifty 50 has risen 109.38% since the last expiry.
• Put open interest has increased 87.05%.

Nifty Fin Service futures open interest has declined 20.88% since the last expiry, while the index is down 4.80%.

• Among tracked indices, Nifty Mid Select has gained 9.03% since the previous expiry.
• Its total open interest has increased 195.89%.

Since the previous expiry, Nifty Bank futures open interest has risen 45.25%, while the index has declined 2.37%.

• Nifty 50 futures open interest has increased 20.12% since the last expiry.
• The index is down 7.64% over the same period.

The largest changes in both Call and Put open interest were recorded around 23,900–24,000, indicating active positioning in this zone.

Fresh Call additions were also visible at 24,300, suggesting traders continue to build resistance above 24,000.

Apart from 23,900, traders also added sizeable Put positions at 24,000, reflecting support extending towards higher strikes.

The largest Put concentration is at 23,900, while Call open interest is highest at 24,200, highlighting these strikes as key levels in the current weekly series.

Among Call strikes, the 24,200 strike has accumulated the highest open interest.

Other sizeable Call positions are seen at:

• 24,000
• 25,000
• 24,500

The 23,900 strike continues to hold the highest Put open interest among weekly contracts, making it a key support level.

Large Put positions are also visible at:

• 23,000
• 23,500
• 23,800

Fresh Call writing was concentrated at the 24,000 strike, making it one of the key resistance levels in the current options setup.

Other notable Call additions were seen at:

• 24,300
• 24,700
• 24,600

The 23,900 strike saw the biggest addition in Put open interest in the current weekly series, indicating fresh support building at the level.

Other notable Put additions include:

• 23,800
• 24,000
• 23,500

Manipal Health Enterprises’ IPO is likely to include a fresh issue of Rs 8,000 crore and an offer for sale of 2 crore to 2.5 crore shares, sources told NDTV Profit.

Temasek is likely to be the largest selling shareholder, while Manipal Group, TPG and other investors may sell partial stakes. The company plans to use the fresh issue proceeds to repay borrowings and acquire a minority stake in Sahyadri Hospitals. Manipal Health declined to comment.

• Zydus Lifesciences has received approval to conduct a Phase-III trial of desidustat for treating anaemia in patients with sickle-cell disease.
• The company had conducted the Phase-II trial in collaboration with the Indian Council of Medical Research.

• Tips Music expects revenue and profit to grow 20% in FY27, with new film releases in Q2 set to support profitability. The company plans to invest about 25% of revenue in content.
• Digital operations contribute 75% of revenue, with YouTube accounting for 45% of digital revenue. Promoters will not participate in the company’s next share buyback.

• Aditya Soman of CLSA India told NDTV Profit that food and beverages are performing better than personal care. Nestle India remains a preferred FMCG stock, though revenue growth may stay slow and the base could become tougher from Q3FY27.
• CLSA prefers e-commerce platforms and discretionary companies over staples. Eternal reported revenue growth and an improvement in working capital in Q1, though contribution per order was below expectations.

• Dr Reddy’s said Q1 was affected by write-offs linked to semaglutide, with most of the charge recognised during the quarter.
• The company expects base business growth to remain healthy, supported by product launches and a focus on expanding its branded business. More launches are scheduled for Q2.

• Vikas Khemani told NDTV Profit that war-related cues are driving market volatility, which he expects to subside in a couple of months.
• Khemani said Carnelian has received SEBI approval to launch its mutual fund business. The venture will focus on investment discipline, governance and active strategies.

• Vedanta shares rose 1.96%, while Vedanta Oil & Gas and Vedanta Iron & Steel gained 1.56% and 1.15%, respectively.
• Vedanta Aluminium advanced 0.86%, while Vedanta Power rose 0.54%.


 

• Balrampur Chini Mills fell 2.45%, while Mawana Sugars declined 1.82%.
• Dalmia Bharat Sugar, Bajaj Hindusthan Sugar, Avadh Sugar, Dwarikesh Sugar and Shree Renuka Sugars also traded lower.


 

• Kaveri Seed fell 1.25%, followed by Sharda Cropchem at 0.92% and Rashtriya Chemicals and Fertilizers at 0.91%.
• Meghmani Organics gained 0.82%, while PI Industries and Coromandel International rose 0.38% and 0.24%, respectively.


 

• Nuvama said non-ferrous metal companies trade at more comfortable valuations and have room to gain, while ferrous companies remain relatively expensive.
• The brokerage named Vedanta, Hindustan Zinc and Hindalco as its preferred buys at current market prices.

• Nifty Pharma fell 0.8%, while Nifty Realty declined 0.7%. Nifty IT, Private Bank and Oil & Gas also traded lower.
• Nifty Auto gained 0.29%, followed by Nifty Metal at 0.18% and Nifty Media at 0.11%.


 

• The Nifty 50 fell as much as 0.5% to 23,876.20.
• The Sensex declined as much as 410 points, or 0.5%, to 76,344.67.

• Nifty 50 was down 0.38%, or 91.45 points, at 23,904.80 in pre-market trade.
• The Sensex declined 0.31%, or 236.19 points, to 76,518.86.

The rupee appreciated by as much as 12 paise to 96.45 against the US dollar in early trade.

• Macquarie maintained ‘Underperform’ with a target price of Rs 1,350. Q1 Ebitda marginally missed estimates due to higher advertising spending, while growth in the prestige segment remained healthy.
• Gross margin remained healthy despite moderate employee cost inflation. Management expects growth to strengthen during the rest of the year.

• Citi and Jefferies maintained ‘Buy’ ratings on Sona BLW Precision Forgings, with target prices of Rs 700.
• Both brokerages said the company’s joint ventures with DENSO expand its opportunities in electric vehicle powertrains and strengthen its presence in India’s four-wheeler EV market.

• US Central Command said its forces struck Iranian missile and drone storage facilities, maritime capabilities, coastal surveillance sites and air defence assets.
• CENTCOM said it has redirected nine commercial vessels and disabled one vessel this month as part of its blockade against Iran. More than 50,000 US service members are operating across the Middle East.

• Jefferies retained ‘Hold’ and raised its target price to Rs 1,425 from Rs 1,325, citing growth across products and sales channels. It expects growth to moderate from the second half of FY27.
• Macquarie maintained ‘Neutral’ and increased its target to Rs 1,575 from Rs 1,400 after sales and gross margin exceeded estimates. It expects margins to remain supported by infant nutrition sales and lower input cost inflation.

• Jefferies maintained ‘Buy’ and raised its target price to Rs 1,250 from Rs 1,100, citing improvement in growth, asset quality, operating expenses and credit costs.
• Macquarie retained ‘Underperform’ with a target of Rs 625. It noted improving asset quality but expects margins to remain under pressure and sees the return on assets target as challenging.

• Jefferies maintained ‘Underperform’ and raised its target price to Rs 345 from Rs 275. It expects HPCL to report a net loss in FY27 as spot marketing margins turn negative.
• Macquarie retained ‘Outperform’ with a target of Rs 490. It expects Q1FY27 to mark a trough but sees near-term earnings volatility.

• Citi retained ‘Buy’ and raised its target price to Rs 385 from Rs 360. Jefferies maintained ‘Buy’ and increased its target to Rs 415 from Rs 400, citing food delivery profitability and Blinkit’s approach to discounting.
• Morgan Stanley retained ‘Overweight’ and raised its target to Rs 373 from Rs 347. Macquarie maintained ‘Underperform’ with a target of Rs 190, citing concerns over quick-commerce economics and valuations.

• BofA retained ‘Buy’ but cut its target price to Rs 1,480 from Rs 1,500, while Morgan Stanley maintained ‘Equal-weight’ and reduced its target to Rs 1,200 from Rs 1,215.
• Citi retained ‘Sell’ and lowered its target to Rs 1,040 from Rs 1,070. Jefferies maintained ‘Underperform’ with a target of Rs 1,040. Brokerages cited weak US sales, the Semaglutide supply disruption, higher costs and delays in product launches and approvals.

• Citi retained its ‘Buy’ rating with a target price of Rs 350, citing BPCL’s Q1 operational performance and maintaining it as its preferred oil marketing company.
• Macquarie maintained ‘Outperform’ with a target of Rs 370, while Jefferies retained ‘Underperform’ and raised its target to Rs 345 from Rs 275. Jefferies expects BPCL to report a net loss in FY27 as higher crude prices weigh on marketing margins.

• Mrs Bectors Food Specialities, eClerx Services and IKIO Technologies have been shortlisted under the short-term Additional Surveillance Measure framework.
• C.E. Info Systems will be excluded from the ASM framework.

• ITC, Hindalco Industries, Dr Reddy’s Laboratories, Mahindra Lifespace Developers, Mphasis, Coromandel International, Oracle Financial Services Software and Canara Robeco are among the companies scheduled to hold annual general meetings.
• Ador Welding, Craftsman Automation, Harsha Engineers International, Heritage Foods, Bharat Bijlee, Cera Sanitaryware, RPG Life Sciences and Windlas Biotech are also set to hold their AGMs.

Infosys, Cipla, InterGlobe Aviation, Chennai Petroleum, Coromandel International, Cyient, Indian Energy Exchange, Mphasis, PVR INOX, Sona BLW Precision Forgings, Ujjivan Small Finance Bank and Vishal Mega Mart are among the companies scheduled to announce earnings.

Fineotex Chemical, Fractal Analytics, Go Digit General Insurance, International Gemological Institute, Mahindra Lifespace Developers, Meesho, Motilal Oswal Financial Services, NIIT Learning Systems, Novartis India, Orient Cement, Route Mobile, Solara Active Pharma Sciences, Spandana Sphoorty Financial, Thyrocare Technologies, Allied Blenders and Distillers and Gujarat Alkalies and Chemicals are also due to report results.

• BEPL: Junomoneta Finsol Pvt. Ltd. sold 7,197 shares at Rs 121.47/share.
• Bluestone Jewellery: Elixir Wealth Management Pvt. Ltd. sold 1,000 shares at Rs 790.92/share. Junomoneta Finsol Pvt. Ltd. sold 1,918 shares at Rs 799.48/share. QE Securities LLP bought 4,073 shares at Rs 796.93/share.
• Cyient DLM: HRTI Pvt. Ltd. bought 1.33 lakh shares at Rs 692.05/share. Junomoneta Finsol Pvt. Ltd. bought 1,027 shares at Rs 697.04/share. QE Securities LLP bought 15,271 shares at Rs 694.46/share.
• Huhtamaki India: Digvijay Finlease Ltd. bought 6.50 lakh shares at Rs 294.89/share. Seetha Kumari sold 3.79 lakh shares at Rs 285.43/share.
• Jindal Worldwide: Junomoneta Finsol Pvt. Ltd. bought 77,707 shares at Rs 37.36/share.
• Sri Lotus Developers & Realty: Mansukh Securities & Finance Ltd. bought 2.88 lakh shares at Rs 160.08/share.
• Stallion India Fluorochemicals: Junomoneta Finsol Pvt. Ltd. bought 5,145 shares at Rs 246.08/share. QE Securities LLP sold 22,544 shares at Rs 245.80/share.

• Rubicon Research: Acquired its first manufacturing facility in the US, located in New Jersey, for $2.9 million on July 21.
• Kajaria Ceramics: Extinguished 21.5 lakh equity shares following the completion of its buyback.
• IDBI Bank: Appointed Abhijit Chakravorty and Ketan Vikamsey as independent directors for two-year terms.
• Dr. Reddy's Laboratories: Appointed Dr. Sridevi Khambhampaty as Global Head of Biologics, Senior Management Personnel and a member of the Management Council with effect from July 22.
• TVS Motor Company: Launched the TVS Raider motorcycle in Egypt, expanding its presence in North Africa.
• Inox Green Energy Services: Board approved fundraising of up to Rs 600 crore.
• Siyaram Silk Mills: NCLT approved the company's bonus preference share scheme on July 21.
• Sona BLW Precision Forgings: Signed definitive agreements with DENSO to establish two joint ventures in India for EV and hybrid powertrain systems.
• Jeena Sikho Lifecare: Plans to set up a 60-plus bed hospital in Kalyani, West Bengal, by October 2026 with an investment of about Rs 1.30 crore.
• Swan Defence and Heavy Industries: ICRA assigned a BBB (Stable) rating to the company's Rs 2,650 crore credit facilities.
• Emcure Pharmaceuticals: Completed the acquisition of the remaining 12.05% stake in Gennova Biopharmaceuticals for Rs 231.87 crore, making Gennova a wholly owned subsidiary.
• Sumeet Industries: Board approved the allotment of 16.84 crore equity shares under its rights issue at Rs 11.86/share. The allotment increased the company's paid-up equity share capital to Rs 138.95 crore.
• Oracle Financial Services Software: Appointed Avadhut Ketkar as Managing Director & CEO for a three-year term effective July 24. The board also appointed Manish Bhandari as Chief Financial Officer. Makarand Padalkar stepped down as Managing Director & CEO.
• Geojit Financial Services: Appointed Jones George as Managing Director for a five-year term effective October 1. C.J. George will become Executive Chairman from the same date.
• Gandhar Oil Refinery (India): Appointed Shyam Chandrabhan Agrawal as an Independent Director for a five-year term.
• HCL Technologies: TIM Brasil selected HCLTech to enable South America's first cross-platform eSIM transfer capability using the company's Device Entitlement Gateway platform.
• Saatvik Green Energy: Material subsidiary Saatvik Solar Industries secured a domestic order worth Rs 138 crore for the supply of solar PV modules. Execution is scheduled by December 2026.
• Azad Engineering: Delivered its first indigenous expendable turbojet engine to DRDO and the Ministry of Defence.
• Sun TV Network: SunRisers Leeds approved the allotment of 99,999 bonus shares to Sun TV Network on July 21.
• Sona BLW Precision Forgings: Board approved the slump sale of its EV business to Sona Comstar for Rs 893 crore. The company also entered into a share subscription agreement with Sona eDrive and DENSO under which DENSO will acquire a 49% stake in Sona eDrive at an enterprise value of Rs 1,750 crore.
• Emcure Pharmaceuticals: Completed the acquisition of the remaining 12.05% stake in Gennova Biopharmaceuticals on July 21, making it a wholly owned subsidiary.
• Sumeet Industries: Board approved the allotment of 16.84 crore rights shares at Rs 11.86/share on July 22.
• Godrej Consumer Products: Invested Rs 200 crore in Godrej Pet Care through a rights issue, retaining 100% ownership.
• Bliss GVS Pharma: Independent Directors Committee recommended Anupam Rasayan's open offer to acquire a 26% stake at Rs 299/share. Total consideration stands at Rs 829.03 crore.
• Jindal Poly Films: Step-down subsidiary JPF Netherlands Investment BV applied to strike off wholly owned subsidiary JPF API Laminates UK. Upon completion, JPF API Laminates UK will cease to be a step-down subsidiary.
• Saregama India: Acquired an additional 4.82% stake in Pocket Aces for about Rs 20.05 crore. Its shareholding in Pocket Aces has increased to 95.76%.
• Waaree Energies: Wholly owned subsidiary Waaree Solar Americas received an international order to supply 125 MW of HJT solar modules. Supplies are scheduled during FY27.
• Signature Global: Sold 0.38 million sq. ft. in Signature Global Sarvam on July 22.
• CIE Automotive India: Rajendra Vadlapudi resigned as Chief Executive Officer of the Iron Casting Division.
• UTI Asset Management Company: Board selected P.V. Bharathi as Chairperson with effect from July 29.
• Mahindra Lifespace Developers: World City Developers signed the second supplemental agreement with Sumitomo on July 22 to expand Chennai Phase 2B.

Dr. Reddy's Laboratories (Q1, Consolidated YoY)

• Revenue down 5.5% to Rs 8,100 crore versus Rs 8,572 crore.
• Ebitda down 60.4% to Rs 861 crore versus Rs 2,173 crore.
• Margin at 10.6% versus 25.3%.
• Net profit down 68.7% to Rs 444 crore versus Rs 1,418 crore.
• Other income at Rs 355 crore versus Rs 290 crore.
• Global Generics revenue down 4.8% to Rs 7,208 crore.

IndusInd Bank (Q1, YoY)

• Net profit up 46.5% to Rs 1,003 crore versus Rs 684 crore.
• Net interest income up 1% to Rs 4,685 crore versus Rs 4,640 crore.
• Operating profit up 1.2% to Rs 2,683 crore versus Rs 2,652 crore.
• Gross NPA at 3.25% versus 3.43% (QoQ).
• Net NPA at 0.95% versus 1% (QoQ).
• NIM at 3.57% versus 3.46% (YoY).
• NIM up 18 bps at 3.57% versus 3.39% (QoQ).
• Provisions at Rs 1,340 crore versus Rs 1,484 crore (QoQ).
• Provisions at Rs 1,340 crore versus Rs 1,738 crore (YoY).

UCO Bank (Q1, YoY)

• Net profit up 8.1% to Rs 656 crore versus Rs 607 crore.
• Net interest income up 17% to Rs 2,808 crore versus Rs 2,403 crore.
• Gross NPA at 2.08% versus 2.17% (QoQ).
• Net NPA at 0.25% versus 0.27% (QoQ).
• Global NIM at 3.05% versus 2.96%.
• Domestic NIM at 3.24% versus 3.18%.
• Provisions at Rs 235 crore versus Rs 326 crore (QoQ).
• Provisions at Rs 235 crore versus Rs 616 crore (YoY).

IIFL Finance (Q1, Consolidated YoY)

• Total income up 33% to Rs 3,922 crore versus Rs 2,959 crore.
• Net profit at Rs 675 crore versus Rs 233 crore.

HPCL (Q1, QoQ)

• Revenue up 17.4% to Rs 1.40 lakh crore versus Rs 1.15 lakh crore.
• Ebitda loss at Rs 16,141 crore versus profit of Rs 8,979 crore.
• Net loss at Rs 11,526 crore versus profit of Rs 4,902 crore.
• Average GRM at $23.8/bbl versus $3.08/bbl (YoY).

Shoppers Stop (Q1, Consolidated YoY)

• Revenue up 11.2% to Rs 1,291 crore versus Rs 1,161 crore.
• Ebitda up 9.2% to Rs 187 crore versus Rs 172 crore.
• Margin at 14.5% versus 14.8%.
• Net loss at Rs 14.3 crore versus net loss of Rs 15.7 crore.

Nippon Life India Asset Management (Q1, Consolidated QoQ)

• Total income up 32.9% to Rs 937 crore versus Rs 705 crore.
• Net profit up 30.9% to Rs 504 crore versus Rs 385 crore.

HEG (Q1, Consolidated YoY)

• Revenue up 11.1% to Rs 681 crore versus Rs 613 crore.
• Ebitda up 42.5% to Rs 151 crore versus Rs 106 crore.
• Margin at 22.1% versus 17.2%.
• Net profit up 16.7% to Rs 122 crore versus Rs 105 crore.

Waterways Leisure Tourism (Q1, Consolidated YoY)

• Revenue up 7.8% to Rs 190 crore versus Rs 176 crore.
• Ebitda down 18.3% to Rs 44.9 crore versus Rs 55 crore.
• Margin at 23.6% versus 31.2%.
• Net profit down 34.4% to Rs 22.8 crore versus Rs 34.7 crore.

Schaeffler India (Q1, Consolidated YoY)

• Revenue up 17.3% to Rs 2,761 crore versus Rs 2,353 crore.
• Ebitda up 16% to Rs 499 crore versus Rs 430 crore.
• Margin at 18.1% versus 18.3%.
• Net profit up 13.5% to Rs 326 crore versus Rs 287 crore.
• Appointed Amit Dinesh Bhalerao as Chief Operating Officer.

Gandhar Oil Refinery (Q1, Consolidated YoY)

• Revenue up 91.8% to Rs 1,732 crore versus Rs 903 crore.
• Ebitda at Rs 281 crore versus Rs 46 crore.
• Margin at 16.2% versus 5.1%.
• Net profit at Rs 192 crore versus Rs 26.2 crore.
• Board declared interim dividend of Rs 2/share.

Oracle Financial Services Software (Q1, Consolidated QoQ)

• Revenue up 51.3% to Rs 3,125 crore versus Rs 2,065 crore.
• EBIT up 78.9% to Rs 1,862 crore versus Rs 1,041 crore.
• EBIT margin at 59.6% versus 50.4%.
• Net profit up 68.2% to Rs 1,416 crore versus Rs 842 crore.
• Makarand Padalkar resigned as Managing Director & CEO.
• Appointed Manish Bhandari as Chief Financial Officer.

Geojit Financial Services (Q1, Consolidated QoQ)

• Total income down 11% to Rs 1,687 crore versus Rs 1,896 crore.
• Net profit up 12.3% to Rs 198 crore versus Rs 176 crore.

UTI Asset Management Company (Q1, Consolidated QoQ)

• Total income up 45.5% to Rs 585 crore versus Rs 402 crore.
• Net profit at Rs 294 crore versus loss of Rs 66.7 crore.

CIE Automotive India (Q1, Consolidated YoY)

• Revenue up 10.6% to Rs 2,621 crore versus Rs 2,369 crore.
• Ebitda up 15.7% to Rs 390 crore versus Rs 337 crore.
• Margin at 14.9% versus 14.2%.
• Net profit up 15.8% to Rs 236 crore versus Rs 204 crore.

NTPC Green Energy (Q1, Consolidated YoY)

• Revenue up 62.7% to Rs 1,109 crore versus Rs 680 crore.
• Ebitda up 63.8% to Rs 989 crore versus Rs 604 crore.
• Margin at 89.3% versus 88.7%.
• Net profit up 38.2% to Rs 305 crore versus Rs 221 crore.

United Spirits (Q1, YoY)

• Revenue up 6% to Rs 2,703 crore versus Rs 2,549 crore.
• Ebitda up 4.1% to Rs 432 crore versus Rs 415 crore.
• Margin at 16% versus 16.3%.
• Net profit up 51.6% to Rs 391 crore versus Rs 258 crore.
• One-time loss at Rs 81 crore versus loss of Rs 11 crore..

Waaree Renewable Technologies (Q1, Consolidated YoY)

• Revenue up 53.2% to Rs 924 crore versus Rs 603 crore.
• Ebitda up 47.6% to Rs 174 crore versus Rs 118 crore.
• Margin at 18.8% versus 19.5%.
• Net profit up 34.1% to Rs 116 crore versus Rs 86.4 crore.

Tanla Platforms (Q1, Consolidated QoQ)

• Revenue up 4.1% to Rs 1,226 crore versus Rs 1,178 crore.
• EBIT up 5.9% to Rs 168 crore versus Rs 159 crore.
• EBIT margin at 13.72% versus 13.49%.
• Net profit up 5.8% to Rs 142 crore versus Rs 134 crore.

• Brent crude for September delivery rose 2% to $95.99 a barrel, while West Texas Intermediate gained about 1.7% to $88.27.
• Prices climbed after a commercial tanker was struck near Al Shuqaiq and US forces carried out further strikes on Iran. The renewed rise in crude has raised concerns about inflation and the path of US interest rates.

• South Korea’s Kospi rose 3.47%, Japan’s Nikkei 225 gained 1.22% and Australia’s ASX 200 advanced 1.06%.
• Investors focused on the upcoming corporate earnings season, while higher crude oil prices limited risk appetite amid geopolitical tensions.

GIFT Nifty traded at 23,885, below the Nifty 50’s Wednesday close of 23,996.25, indicating a lower opening for the domestic benchmark.