Stock Market News Today Live Updates: Nifty, Sensex Fluctuate; Syngene International, Thangamayil Jewellery Slump Over 9%
Nifty IT rose 1.68%, while Auto gained 0.47% and Pharma advanced 0.37%. Nifty Realty fell 0.83%, followed by PSU Bank down 0.49% and Bank lower by 0.47%.
Hello and welcome to our live coverage on stock markets.
Indian equity benchmarks marginally declined on Thursday after Wednesday's rally. The BSE Sensex fell as much as 214 points or 0.3% to 77,440.91 and the NSE Nifty 50 fell as much as 0.3% to 24,187.
Asian stock markets traded mixed on Thursday as investors assessed the U.S. Federal Reserve's decision to leave interest rates unchanged while monitoring renewed tensions in the Middle East that lifted oil prices.
Japan's Nikkei 225 gained 1.74%, South Korea's Kospi rose 1.50%, while Australia's ASX 200 slipped 0.50%.
Investor focus remained on the Federal Reserve after policymakers voted 9-3 to keep the benchmark federal funds rate unchanged at 3.5% to 3.75%. The split decision highlighted growing differences among officials, with three policymakers favouring an interest-rate increase amid persistent inflation concerns.
Sentiment was also shaped by higher crude prices after the United States launched another round of strikes against targets in Iran. Brent crude traded near $90 a barrel after surging almost 8% in the previous session, marking its biggest one-day gain in more than two weeks. U.S. West Texas Intermediate held above $84 a barrel.
The renewed rise in oil prices added to concerns that elevated energy costs could keep inflation under pressure, complicating the outlook for global central banks even after the Fed opted to keep policy unchanged.
Wall Street ended sharply lower overnight. The Dow Jones Industrial Average tumbled 1,153.18 points, or 2.19%, recording its biggest one-day decline since April 2025. The S&P 500 lost 1.52%, while the Nasdaq Composite fell 1.74%, leaving the technology-heavy index more than 10% below its intraday record.
Despite the overnight selloff, U.S. equity futures pointed to a firmer start. Futures tied to the Dow Jones Industrial Average rose 158 points, or 0.3%, while S&P 500 futures gained 0.4%. Nasdaq-100 futures advanced 0.7% as investors digested the latest technology earnings and the Fed's policy announcement.
Market participants are expected to remain focused on developments in the Middle East, corporate earnings and central bank commentary as they assess the outlook for inflation, interest rates and global equities.
Stock Market Live: KPIT Technologies Expects Stronger Growth In H2, Focuses On Large OEM Opportunities
- KPIT Technologies CEO Kishor Patil told NDTV Profit that the company expects stronger growth in the second half of FY27 compared with Q1, with Q4 likely to be a key driver of performance.
- The company said it has increased investments in products and solutions and plans to introduce more offerings going forward.
- Patil said margins are expected to improve as revenue growth accelerates, adding that KPIT has maintained consistency in EBITDA margin expansion.
- The company is increasing its focus on larger OEMs and automotive customers as part of its long-term growth strategy.
- Management said Q1 was impacted by higher costs, salary-related expenses and order cancellations. The conflict in the Middle East and competition from China also weighed on business in Japan and Europe.
- Patil added that cost rationalisation in Europe remains challenging, but the company remains focused on achieving broad-based, long-term growth.
Stock Market Live: Sowilo Investment Sees Strong Opportunity In IT Stocks, Favours Midcaps
- Sowilo Investment told NDTV Profit that there is significant scope for gains in IT stocks, with foundational AI companies expected to benefit from long-term adoption trends over the next 15-20 years.
- The firm said IT companies are entering a lag phase but expects headcount growth to improve from Q3 as enterprises accelerate AI implementation.
- Sowilo believes IT companies can deliver earnings-per-share growth over the next three years as enterprise AI adoption gathers pace.
- The firm prefers mid- and small-cap IT companies over larger peers, citing stronger growth opportunities.
- It also expressed a cautious view on the engineering research and development (ER&D) segment, citing elevated valuations.
Stock Market Live: Jindal Drilling Secures Three-Year ONGC Contract
- Jindal Drilling & Industries said it has received a contract from Oil and Natural Gas Corporation (ONGC) for a period of three years, according to an exchange filing.
- The contract carries an effective day rate of Rs 45.8 lakh.
- The company disclosed the order win through a regulatory filing.
Stock Market Live: Waaree Energies Targets Rs 1 Lakh Crore Revenue In Five Years
- Abhishek Pareek of Waaree Energies told NDTV Profit that the company aims to achieve revenue of Rs 1 lakh crore over the next five years and expects FY27 EBITDA of Rs 7,000 crore.
- The company is deploying Rs 30,000 crore across business segments and maintained its EBITDA margin guidance of 18–20%. Pareek said Waaree had applied under the ALMM-II scheme and started receiving orders from the Middle East and Europe.
Stock Market Live: Thangamayil Jewellery Hits 10% Lower Circuit
- Thangamayil Jewellery fell 10%, leading losses among jewellery stocks. Motisons Jewellers declined 1.99%, while Senco Gold dropped 1.81%.
- Goldiam rose 2.44%, while Kalyan Jewellers gained 1.46%.
Stock Market Live: Syrma SGS Sees Exports As Key Growth Area
- Syrma SGS Managing Director Jasbir Singh Gujral said during the company’s first-quarter earnings call that exports would remain a key growth area and demand was not a concern.
- Gujral said geopolitical developments had created supply-chain constraints. The company plans to treat inventory as a strategic asset rather than working capital over the next two quarters to protect customer supplies.
Stock Market Live: SBI Targets $10–15 Billion Through Overseas Funding Routes
- State Bank of India is targeting $10–15 billion through FCNR-B deposits, overseas foreign currency borrowings and external commercial borrowings, according to sources. The bank has likely mobilised more than $5 billion through FCNR-B deposits, while offering leverage of up to nine times on these deposits.
- SBI has also likely raised $1 billion through overseas foreign currency borrowings and $500 million through external commercial borrowings. The bank did not respond to NDTV Profit’s queries.
Stock Market Live: KPIT Tech Expects H2 Growth To Exceed Q1
- KPIT Technologies Chief Executive Officer Kishor Patil told NDTV Profit that growth in the second half of FY27 was expected to be stronger than in the first quarter, led by fourth-quarter performance. Margins are expected to improve as revenue growth picks up.
- Patil said the company would introduce more products and programmes, with a focus on larger automotive manufacturers. He added that higher costs, salary cuts and order cancellations affected the first quarter, while the Middle East war and competition from China weighed on business in Japan and Europe.
Stock Market Live: Q1 Earnings Better Than Expected So Far, Says Mihir Vora
- Mihir Vora of TRUST Mutual Fund told NDTV Profit that first-quarter earnings had exceeded expectations so far, with most banks reporting strong results despite pressure on margins.
- Vora expects financials and capital-market businesses to drive market growth. He favours equities over debt and follows a bottom-up approach for large-cap IT companies.
Stock Market Live: Piramal Pharma Sees Healthy CDMO Traction, May Review FY27 Guidance
Piramal Pharma said its CDMO business has a strong order book and is seeing healthy traction.
- The company may consider revising its FY27 guidance in Q2.
- Piramal Pharma plans to expand its speciality products portfolio.
- Management said customers are taking longer to make decisions in the CDMO business.
Stock Market Live: Lohia Corp, Indo-MIM, Xtranet Tech Make Market Debut
- Lohia Corp listed at Rs 460 on the NSE and BSE, compared with its issue price of Rs 425, marking a premium of about 8%.
- Indo-MIM listed at Rs 703 on the BSE against its issue price of Rs 485, a premium of 45%. The stock listed at a 44% premium on the NSE.
- Xtranet Tech listed at Rs 130 on the BSE and Rs 136 on the NSE, compared with its issue price of Rs 127.
Stock Market Live: Syrma SGS Expects To Beat Growth Guidance By 10–15%
Syrma SGS said the quality of its business improved in Q1, Jasbir Singh Gujral told NDTV Profit.
- Exports grew 60% in Q1, compared with 40% year-on-year growth earlier.
- Revenue from own-design products doubled from a year ago.
- The company expects to exceed its growth guidance by at least 10–15%.
- Supply constraints have not affected operations so far, though a prolonged Middle East conflict could cause disruptions.
- Syrma SGS expects growth in the automotive segment, while the memory business remains a small part of its operations.
Stock Market Live: Chalet Hotels Expects Q2, H2 Growth To Remain Strong
Chalet Hotels expects higher growth and bookings in Q2 and the second half of FY27, Shwetank Singh told NDTV Profit.
- The hospitality business grew in Q1 despite global headwinds, supported by domestic and leisure demand.
- The company will continue to focus on its hospitality and commercial businesses.
- Chalet Hotels will not account for the one-off residential business in Q3.
- The company is reducing costs and offerings that it does not require.
Stock Market Live: L&T Gets Rs 10,000–15,000 Crore LNTP From NTPC
- Larsen & Toubro received a Limited Notice to Proceed from NTPC for a 1,600 MW thermal power unit, according to an exchange filing.
- The order value ranges from Rs 10,000 crore to Rs 15,000 crore.
Stock Market Live: Zensar Tech Expects Q2 Business To Improve
Zensar Technologies expects its business performance in Q2 to improve from Q1, according to management commentary during its earnings call.
- The company expects Q2 and Q3 margins to remain near Q1 levels.
- Deals with new clients are at a record high, while large deals account for 23% of the pipeline.
- Zensar is introducing AI-native offerings and investing in its sales force.
- The company added employees in Q1 and flagged rising competition in the SME segment.
Stock Market Live: Infosys Leads Nifty Gains; ICICI Bank Weighs
- Infosys added 22.92 points to the Nifty 50, followed by Reliance Industries at 9.41 points and TCS at 6.76 points.
- Bharti Airtel and M&M contributed 5.59 points and 4.8 points, respectively.
- ICICI Bank was the biggest drag, pulling the index down by 15.98 points.
- Adani Ports, Asian Paints, Axis Bank and Eternal also weighed on the index.
Stock Market Live: Thangamayil Jewellery Falls Over 9% Despite Q1 Profit Growth
Thangamayil Jewellery shares extended their decline for a second session, falling over 9%. The stock was locked in the 10% lower circuit on Wednesday.
- Q1 net profit rose 86.2% to Rs 85.1 crore from Rs 45.7 crore a year earlier.
- Revenue increased 71.2% to Rs 2,666 crore from Rs 1,558 crore.
- EBITDA grew 66.8% to Rs 145 crore from Rs 86.7 crore.
- EBITDA margin narrowed to 5.4% from 5.6% a year earlier.
Stock Market Live: IT Leads Sectoral Gains; Realty, Banks Decline
- Nifty IT rose 1.68%, while Auto gained 0.47% and Pharma advanced 0.37%.
- Nifty Realty fell 0.83%, followed by PSU Bank down 0.49% and Bank lower by 0.47%.
- Financial Services, Private Bank, Media and Energy also traded lower.
Stock Market Live: Syngene Falls Over 8% After Q1 Loss
Syngene International shares fell 8.06% to Rs 380.85 after the company reported a consolidated net loss of Rs 9 crore for Q1, compared with a profit of Rs 86.8 crore a year earlier.
- Revenue declined 15.9% to Rs 736 crore, while EBITDA fell 33.4% to Rs 141 crore.
- EBITDA margin narrowed to 19.1% from 24.2%.
- The quarter included a one-time cost of Rs 14 crore.
- Macquarie maintained Outperform with a target price of Rs 735, while calling the results below expectations.
Stock Market Live: Nifty, Sensex Open Lower
Indian benchmark indices declined in early trade.
- Sensex fell 214 points, or 0.3%, to 77,440.91.
- Nifty 50 declined 0.3% to 24,187.
Stock Market Live: Key Companies To Report June-Quarter Earnings Today
Several large companies are scheduled to announce June-quarter earnings today, including Tata Steel, Mahindra & Mahindra, Bajaj Finance, IRFC, LIC Housing Finance, Mankind Pharma, Mazagon Dock Shipbuilders, Swiggy, RailTel, Torrent Pharmaceuticals, Thermax, Hyundai Motor India, Exide Industries and Vedanta. Investors will track earnings for management commentary and forward guidance.
Stock Market Live: Landmark Cars Removed From ASM Framework
- Landmark Cars has been excluded from the Additional Surveillance Measure framework, according to exchange notifications.
- Diamond Power Infrastructure was also removed from the ASM framework.
Stock Market Live: Asian Granito Moved To ASM, Price Band Revised
The exchanges revised surveillance measures for Asian Granito India.
- Price band revised from 20% to 10%.
- Included in the Short-Term ASM framework.
Stock Market Live: Nifty, Sensex Trade Flat In Pre-Market
- Nifty 50 was flat at 24,249.55 in pre-market trade, down 0.65 points.
- Sensex slipped 12.08 points, or 0.02%, to 77,642.52.
Stock Market Live: Three IPOs Make Market Debut Today
Shares of Xtranet Technologies, INDO-MIM and Lohia Corp are scheduled to list on the exchanges today after completing their public offerings.
Investors will track listing premiums and trading volumes following strong demand in parts of the institutional book.
Stock Market Live: Juniper Green IPO Opens For Subscription
Juniper Green's initial public offering opens for subscription today.
- Issue size: Rs 1,800 crore.
- Entirely a fresh issue of eight crore equity shares.
- Subscription closes on Aug. 3.
Stock Market Live: Godigit Witnesses Institutional Block Deal
Peak XV Partners Growth Investments III exited part of its holding in Go Digit General Insurance through a block deal.
- Buyer: ICICI Prudential Mutual Fund.
- Seller: Peak XV Partners Growth Investments III.
- Shares: 57.21 lakh.
- Price: Rs 243 per share.
Stock Market Live: KPIT Tech Sees Large Block Deal
Massachusetts Institute of Technology sold 40 lakh shares of KPIT Technologies in a block deal.
- Seller: Massachusetts Institute of Technology.
- Shares sold: 40 lakh.
- Price: Rs 609.09 per share.
Stock Market Live: Madhya Bharat Agro Approves Preferential Issue
Madhya Bharat Agro Products approved raising up to Rs 317.48 crore through a preferential issue of equity shares to non-promoter investors.
Stock Market Live: NBCC, Brigade And Oberoi Realty Announce Project Updates
Real estate and infrastructure companies announced fresh project developments ahead of the trading session.
- NBCC signed a USD 75 million housing project in Seychelles.
- Brigade Enterprises acquired a two-acre land parcel on Kanakapura Road for a premium residential project with an estimated GDV of Rs 400 crore.
- Oberoi Realty entered a development agreement to redevelop a Malabar Hill property with free-sale entitlement of up to 68,000 sq ft.
Stock Market Live: Shyam Metalics Commissions Odisha Beneficiation Plant
Shyam Metalics commissioned a 1.5 MTPA beneficiation plant at Sambalpur, Odisha.
- Investment: Rs 150 crore.
- The facility expands the company's mineral processing capacity.
Stock Market Live: Capri Global To Deploy OpenAI Across Lending Business
Capri Global Capital said it will collaborate with OpenAI to deploy enterprise-grade generative AI across its lending operations and key business functions.
Stock Market Live: MTAR Tech Reports Sharp Earnings Growth
MTAR Technologies reported strong year-on-year growth across revenue, operating profit and net profit in the June quarter.
MTAR Tech (Q1, Consolidated YoY)
- Revenue up to Rs 360.7 crore versus Rs 156.5 crore.
- Ebitda up to Rs 84.9 crore versus Rs 28.3 crore.
- Margin at 23.5% versus 18.1%.
- Net profit at Rs 50.2 crore versus Rs 10.8 crore.
Stock Market Live: Force Motors Reports Higher Profit In June Quarter
Force Motors reported higher revenue and profit for the June quarter, while operating margin narrowed.
Force Motors (Q1, Consolidated YoY)
- Revenue up 6.2% to Rs 2,440 crore versus Rs 2,297 crore.
- Ebitda down 1.2% to Rs 327 crore versus Rs 331 crore.
- Margin at 13.4% versus 14.4%.
- Net profit up 22.8% to Rs 217 crore versus Rs 176 crore.
Stock Market Live: Vedanta Oil & Gas Swings To Profit In Q1
Vedanta Oil & Gas returned to profit in the June quarter despite reporting a one-time loss.
Vedanta Oil & Gas (Q1, Consolidated YoY)
- Revenue up 8.5% to Rs 2,507 crore versus Rs 2,311 crore.
- Ebitda up 61.2% to Rs 814 crore versus Rs 505 crore.
- Margin at 32.5% versus 21.9%.
- Net profit at Rs 945 crore versus loss of Rs 103 crore.
- One-time loss of Rs 441 crore in Q1.
Stock Market Live: Syrma SGS Doubles June-Quarter Profit
Syrma SGS Technology reported strong growth in revenue and profit for the June quarter and approved a fund raise.
Syrma SGS (Q1, Consolidated YoY)
- Revenue up 68.3% to Rs 1,589 crore versus Rs 944 crore.
- Ebitda up 86.3% to Rs 161.5 crore versus Rs 86.7 crore.
- Margin at 10.2% versus 9.2%.
- Net profit at Rs 100 crore versus Rs 49.7 crore.
- Re-appointed Sandeep Tandon as Executive Chairman for five years.
- Approved raising up to Rs 1,000 crore through QIP and other modes.
Stock Market Live: Rainbow Children's To Build Mumbai Hospital
Rainbow Children's Medicare said its subsidiary will develop a women and children's hospital in Malad, Mumbai.
- Estimated project cost: Rs 90 crore.
- Fountainhead TCHM Healthcare LLP will acquire a 24% stake in the subsidiary.
- Rainbow Children's will retain a 76% stake and management control.
Stock Market Live: NTPC Green Commissions Rajasthan Solar Capacity
NTPC Green Energy said 50 MW of solar capacity at its Rajasthan project will achieve commercial operation on July 31.
- Group operational capacity increases to 10,836.56 MW.
Stock Market Live: Sun Pharma Gets Brazil Approval For Semaglutide
Sun Pharma received regulatory approval to manufacture and market semaglutide in Brazil, expanding its presence in the GLP-1 therapy market.
Stock Market Live: Brokerages Back Star Health After Q1 Results
Brokerages retained a positive view on Star Health following its June-quarter performance.
Jefferies
- Buy
- Target price: Rs 700
- Fourth consecutive quarter of improvement in loss ratio.
- Combined insurance service ratio beat estimates.
Stock Market Live: Star Health Reports Higher June-Quarter Profit
Star Health Insurance reported growth in profit and insurance revenue for the June quarter.
Star Health (Q1 YoY)
- Insurance revenue up 12.6% to Rs 4,917 crore versus Rs 4,366 crore.
- Net profit up 25.5% to Rs 550 crore versus Rs 438 crore.
Stock Market Live: Karnataka Bank Reports Lower Bad Loans In Q1
Karnataka Bank reported improved asset quality and higher profit in the June quarter.
Karnataka Bank (Q1 YoY)
- Net interest income up 24.2% to Rs 938.3 crore versus Rs 755.6 crore.
- Net profit up 43.3% to Rs 419 crore versus Rs 292 crore.
- Gross NPA at 2.58% versus 2.78% QoQ.
- Net NPA at 0.87% versus 0.98% QoQ.
Stock Market Live: Balkrishna Industries Declares Interim Dividend
Balkrishna Industries announced its first interim dividend alongside June-quarter earnings.
Balkrishna Industries (Q1, Consolidated YoY)
Revenue up 25% to Rs 3,455 crore versus Rs 2,760 crore.
Ebitda up 47% to Rs 744.4 crore versus Rs 506 crore.
Margin at 21.5% versus 18.3%.
Net profit up 56.4% to Rs 451 crore versus Rs 288 crore.
- Declared first interim dividend of Rs 4 per share.
Stock Market Live: Balkrishna Industries Declares Interim Dividend
Balkrishna Industries announced its first interim dividend alongside June-quarter earnings.
Balkrishna Industries (Q1, Consolidated YoY)
Revenue up 25% to Rs 3,455 crore versus Rs 2,760 crore.
Ebitda up 47% to Rs 744.4 crore versus Rs 506 crore.
Margin at 21.5% versus 18.3%.
Net profit up 56.4% to Rs 451 crore versus Rs 288 crore.
- Declared first interim dividend of Rs 4 per share.
Stock Market Live: TeamLease Services Reports Higher June-Quarter Profit
TeamLease Services reported growth in profit and revenue during the June quarter.
TeamLease Services (Q1, Consolidated YoY)
Revenue up 5.8% to Rs 3,035 crore versus Rs 2,869 crore.
Ebitda up 5.9% to Rs 32.1 crore versus Rs 30.3 crore.
Margin at 1.05% versus 1.05%.
Net profit up 31.7% to Rs 34.9 crore versus Rs 26.5 crore.
- Approved sale of its entire 30% stake in Crystal HR and Securities Solutions Pvt. Ltd. for Rs 10 crore.
Stock Market Live: Brokerages See Astral Decision As Positive
Brokerages said Astral's decision to withdraw its proposed chemicals demerger removes an overhang on the stock.
Morgan Stanley
- Overweight
- Target price: Rs 1,660
- Withdrawal removes a key uncertainty.
Citi
- Buy
- Target price: Rs 1,900
- Board may revisit demerger once the chemicals business achieves greater scale.
Stock Market Live: Astral Drops Chemical Business Demerger Plan
Astral withdrew its composite scheme of arrangement, deferring the proposed demerger of its chemicals business until it reaches sufficient scale.
Stock Market Live: Morgan Stanley Sees Stable Growth At Bajaj Housing Finance
Morgan Stanley retained its positive view on Bajaj Housing Finance after the June-quarter update and management guidance.
Morgan Stanley
- Overweight
- Target price: Rs 1,175
- AUM growth guided at 21–23%.
- Management expects 20–25 bps full-year NIM compression.
- Credit cost guidance maintained at 10–15 bps for FY27.
Stock Market Live: Bajaj Housing Finance Reports Higher Q1 Profit
Bajaj Housing Finance reported growth in profit and total income for the June quarter.
Bajaj Housing Finance (Q1 YoY)
- Total income up 17% to Rs 3,063 crore versus Rs 2,616 crore.
- Net profit up 22.6% to Rs 715 crore versus Rs 583 crore.
Stock Market Live: Brokerages Cut Across Views On Syngene After Q1
Brokerages reviewed Syngene International following its June-quarter earnings after revenue and profitability missed expectations.
Macquarie
- Outperform
- Target price: Rs 735
- Called the quarter an all-round miss but noted management retained FY27 EBITDA margin guidance in the mid-20% range.
Stock Market Live: Syngene International Reports Quarterly Loss
Syngene International reported a loss in the June quarter as revenue and operating profit declined year on year.
Syngene International (Q1, Consolidated YoY)
Revenue down 15.9% to Rs 736 crore versus Rs 875 crore.
Ebitda down 33.4% to Rs 141 crore versus Rs 211 crore.
Margin at 19.1% versus 24.2%.
Net loss at Rs 9 crore versus profit of Rs 86.8 crore.
- One-time cost of Rs 14 crore in Q1.
Stock Market Live: Redington Reports Strong Double-Digit Growth In Q1
Redington reported higher revenue and profit for the June quarter, supported by broad-based growth across its businesses.
Redington (Q1, Consolidated YoY)
- Revenue up 34.6% to Rs 34,922 crore versus Rs 25,952 crore.
- Ebitda up 76.6% to Rs 707 crore versus Rs 400 crore.
- Margin at 2% versus 1.5%.
- Net profit up 76.7% to Rs 486 crore versus Rs 275 crore.
Stock Market Live: Key F&O Levels Show Support At 24,000
Derivative positioning indicates the 24,000 strike has the highest Put open interest, while the 25,000 strike carries the highest Call open interest, making these key support and resistance levels for today's trade.
- Maximum Call OI: 25,000 strike.
- Maximum Put OI: 24,000 strike.
- No stocks are under the F&O ban list today.
Stock Market Live: Nifty August Futures Trade At Premium Before Open
Nifty August futures traded at 24,303, indicating a premium of 53 points over the spot index ahead of the opening bell. Derivatives positioning points to a positive start for domestic equities.
Stock Market Live: NBCC Bags Seychelles Housing Project
NBCC signed an agreement with the Government of Seychelles for a USD 75 million affordable housing project comprising 1,008 housing units and related infrastructure.
Stock Market Live: Ramco Systems Wins Aviation Software Mandate
Ramco Systems said UK-based aerospace engineering company CFS Aero selected its aviation software to digitise engine and APU maintenance, repair and overhaul operations.
Stock Market Live: GAIL, RCF Sign MoU For Gas-Based Fertiliser Project
GAIL and Rashtriya Chemicals & Fertilisers signed an MoU to develop a 1.27 MMTPA gas-based fertiliser project in Maharashtra.
Stock Market Live: Tata Chemicals Subsidiary Told To Suspend Kenya Mining
Kenyan authorities directed Tata Chemicals Magadi Ltd. to suspend mining operations and soda ash exports, according to the company's filing.
Stock Market Live: Novartis India Gets New Owner And Management
Novartis AG completed the sale of its 70.68% stake in Novartis India to a ChrysCapital-led consortium, triggering changes in management and board composition.
- Dr. Vikas Gupta appointed Managing Director and CEO.
- New independent directors appointed.
- Company plans rebranding following separation from Novartis AG.
Stock Market Live: Premier Energies Board To Consider Rs 5,000 Crore Fund Raise
Premier Energies said its board will meet on Aug. 6 to consider raising up to Rs 5,000 crore alongside approval of June-quarter earnings and the AGM notice.
Stock Market Live: Punjab National Bank Approves $1.5 Billion MTN Programme
Punjab National Bank's board approved establishing a USD 1.5 billion medium-term note programme to raise foreign currency funds through bond issuances via its IFSC Banking Unit at GIFT City.
Stock Market Live: Waaree Energies Posts Higher Revenue In Q1
Waaree Energies reported higher revenue and profit in the June quarter, while operating margin narrowed year on year.
Waaree Energies (Q1, Consolidated YoY)
- Revenue up 79% to Rs 7,932 crore versus Rs 4,426 crore.
- Ebitda up 44% to Rs 1,440 crore versus Rs 997 crore.
- Margin at 18.2% versus 22.5%.
- Net profit up 14% to Rs 850 crore versus Rs 745 crore.
- Commissioned 118.8 MW capacity at Neemuch Solar Park in Madhya Pradesh.
Stock Market Live: Brokerages Stay Divided On Dabur After Q1 Results
Analysts retained mixed recommendations on Dabur after its June-quarter earnings, with differing views on growth visibility and competitive pressures.
Jefferies
- Buy
- Target price: Rs 610
- Margins protected despite cost pressures.
Macquarie
- Neutral
- Target price: Rs 470
- Management optimistic on sequential improvement.
Goldman Sachs
- Neutral
- Target price: Rs 485 (cut from Rs 515)
- International business remained supportive.
Morgan Stanley
- Underweight
- Target price: Rs 425
- Inflation and geopolitical risks remain watch points.
Stock Market Live: Dabur Reports Double-Digit Growth In June Quarter
Dabur India reported higher revenue and profit for the June quarter while maintaining operating margins broadly stable.
Dabur (Q1, Consolidated YoY)
Revenue up 10.5% to Rs 3,764 crore versus Rs 3,405 crore.
Ebitda up 10.9% to Rs 741 crore versus Rs 668 crore.
Margin at 19.7% versus 19.6%.
Net profit up 15% to Rs 591 crore versus Rs 514 crore.
- Volume growth at 5%.
- International business grew 15% in INR terms.
- HPC business grew 12.3%.
- Food and beverage business grew 7.2%.
- Healthcare business grew 5.5%.
Stock Market Live: Brokerages Raise Targets On Eicher Motors After Q1
Brokerages maintained positive views on Eicher Motors after quarterly earnings exceeded or matched expectations and capacity expansion remained on track.
Goldman Sachs
- Buy
- Target price: Rs 9,300 (from Rs 9,100)
- Capacity addition supports demand growth.
Jefferies
- Buy
- Target price: Rs 9,300 (from Rs 8,800)
- Strong volumes and premiumisation support outlook.
Citi
- Buy
- Target price: Rs 8,850 (from Rs 8,350)
- Results slightly ahead of estimates; expansion progressing.
Morgan Stanley
- Equal-weight
- Target price: Rs 7,763
- Strong earnings but EV competition remains a risk.
Macquarie
- Neutral
- Target price: Rs 7,717
- Demand outlook constructive despite gross margin miss.
Stock Market Live: Eicher Motors Reports Strong Q1, Approves Andhra Expansion
Eicher Motors reported June-quarter earnings and approved a major capacity expansion that will lift Royal Enfield's manufacturing capacity over the next few years.
Eicher Motors (Q1, Consolidated YoY)
Revenue up 31.5% to Rs 6,632 crore versus Rs 5,042 crore.
Ebitda up 32.2% to Rs 1,590 crore versus Rs 1,203 crore.
Margin at 24% versus 23.9%.
Net profit up 21.4% to Rs 1,463 crore versus Rs 1,205 crore.
- Approved Phase-I greenfield expansion in Andhra Pradesh with an investment of Rs 1,225 crore.
- Expansion will add capacity of up to 4.5 lakh motorcycles annually by FY30.
Stock Market Live: Vedanta Q1 Earnings In Focus Ahead Of Results
Vedanta Ltd. is scheduled to report its June quarter earnings later today. Investors will watch for commentary on aluminium, zinc, oil & gas and steel businesses after several group verticals released quarterly numbers.
Stock Market Live: US Stock Futures Rise After Wall Street Selloff
US equity futures traded higher as investors assessed technology earnings and the Federal Reserve’s policy decision.
- Dow Jones futures rose 158 points, or 0.3%.
- S&P 500 futures gained 0.4%.
- Nasdaq-100 futures advanced 0.7%.
Stock Market Live: Wall Street Falls; Dow Records Biggest Drop Since April 2025
Wall Street closed lower overnight, with losses across the major indices.
- The Dow Jones Industrial Average fell 1,153.18 points, or 2.19%, its biggest one-day decline since April 2025.
- The S&P 500 declined 1.52%.
- The Nasdaq Composite dropped 1.74% and ended more than 10% below its intraday record.
Stock Market Live: Brent Holds Near $90 After US Strikes Iran
Oil prices rose after the US launched another round of strikes against targets in Iran.
- Brent crude traded near $90 per barrel after surging almost 8% in the previous session.
- West Texas Intermediate crude held above $84 per barrel.
Stock Market Live: Fed Holds Rates At 3.5–3.75% In Split Decision
- The US Federal Reserve kept its benchmark interest rate unchanged at 3.5–3.75% after policymakers voted 9-3 in favour of the decision.
- Three policymakers favoured a rate increase amid concerns over persistent inflation.
Stock Market Live: Asian Markets Mixed After Fed Holds Rates
Asian markets traded mixed on Thursday as investors assessed the US Federal Reserve’s decision to keep interest rates unchanged and tracked renewed tensions in the Middle East.
- Japan’s Nikkei 225 gained 1.74%.
- South Korea’s Kospi rose 1.50%.
- Australia’s ASX 200 declined 0.50%.
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