Stock Market Live: Nifty Sees Support At 24,500, Sensex Surges 600 Points; Muthoot Finance Slumps 9%
Nifty FMCG rose 1.12%, while Nifty Metal gained 0.94%. Nifty Bank and Nifty PSU Bank advanced 0.78% and 0.74%, respectively. Nifty Media fell 1.61%, while Nifty Pharma declined 0.49%.
Hello and welcome to our live coverage on stock markets.
Indian equity benchmarks extended gains for the fourth consecutive trading session. The NSE Nifty 50 traded 182.55 points, or 0.75%, higher at 24,566.15 after rising as much as 0.8% to 24,576.45 and the BSE Sensex gained 578.43 points, or 0.74%, to 78,673.07 after climbing as much as 800 points to 78,895.10.
Asian stock markets traded lower on Monday, with South Korean and Japanese equities leading losses despite a decline in crude oil prices after U.S. President Donald Trump abandoned plans for another military attack on Iran.
South Korea's Kospi plunged 5.50% after trading resumed, Japan's Nikkei 225 declined 1.87% and Australia's ASX 200 slipped 0.33%.
Oil prices fell after Trump said on Sunday that he had cancelled planned strikes against Iran following requests from Tehran and other Middle Eastern countries to hold back while the two sides worked towards an agreement.
Trump said the proposed deal would provide for the "Immediate, Complete, and Total OPENING OF THE HORMUZ STRAIT" and address what he called the threat from Iran's nuclear programme.
The announcement eased some concerns over another disruption to energy supplies through the Strait of Hormuz. Brent crude fell $3.52 to $84.41 a barrel, while U.S. West Texas Intermediate dropped $3.49 to $81.18.
Trump's decision followed reports late last week that Washington was considering fresh military action against Iran as the prospects for a negotiated end to the conflict deteriorated and oil prices moved higher.
Iran responded cautiously to the latest development. Acting Defence Minister Seyyed Majid Ibn Al-Reza said Tehran continued to treat threats against the country seriously, even as he described recent comments from its adversaries as part of a "psychological and cognitive warfare campaign", according to a post from Iranian state media on X.
U.S. stock futures advanced as investors shifted some attention towards the July employment report and another busy stretch of corporate earnings. Dow Jones Industrial Average futures rose 200 points, or 0.4%, while S&P 500 futures gained 0.5% and Nasdaq-100 futures climbed 0.8%.
The gains in futures followed a positive finish on Wall Street on Friday. The Dow Jones Industrial Average added 276.97 points, or 0.53%, to 52,485.03. The S&P 500 advanced 0.7% to 7,489.72, while the Nasdaq Composite rose 1% to 25,373.85.
Stock Market Live: Dixon Technologies Sees Fresh Short Positions
- Dixon Technologies October futures declined 2.91% to 13,292 while open interest increased 30.21%.
- Open interest stood at 500 contracts on the fresh-shorts dashboard.
- This suggests fresh short positions.
Stock Market Live: Nifty Put OI Growth Outpaces Calls Since Last Expiry
- Put open interest in Nifty has risen 181.99% since the previous expiry, compared with a 108.67% increase in Call OI.
- Total Put OI stands at 63.44 lakh contracts, against Call OI of 47.90 lakh contracts.
- Overall options OI has increased 137.37%.
Stock Market Live: Bajaj Finserv Sees Long Build-Up
- Bajaj Finserv futures advanced 1.57% while open interest rose 37.14%.
- The futures contract traded at 2,091.6, with the simultaneous rise in price and OI placing it in the accumulation bucket.
- This indicates fresh long positions.
Stock Market Live: Bank Nifty Put Addition Strongest At 57,500
- Fresh Put writing on the Bank Nifty dashboard is concentrated at the 57,500 strike, which shows the largest positive Put OI change among the displayed strikes.
- The 58,000, 57,700, 57,600 and 57,800 strikes also show notable additions to Put positions.
Stock Market Live: Nifty Futures OI Falls Despite Surge In Options Positions
- Nifty futures open interest has declined 10.38% since the previous expiry to 2.09 lakh contracts.
- The move contrasts with the options market, where Call OI increased 108.67% and Put OI jumped 181.99% over the same period.
Stock Market Live: Reliance Industries Features In Long Build-Up
- Reliance Industries futures rose 0.54% while open interest increased 17.67%, placing the stock on the accumulation screen.
- The futures contract was at 1,331.2, with open interest at 686 contracts on the displayed trends dashboard.
Stock Market Live: Nifty 24,500 Put OI Addition Outpaces Call Addition
- The 24,500 strike has seen Put OI increase by about 2.85 lakh contracts, compared with a Call OI addition of about 59,950 contracts.
- Outstanding Put OI at the strike stands at around 3.17 lakh contracts, compared with Call OI of roughly 2 lakh contracts.
Stock Market Live: Maruti Suzuki Appears On Fresh Shorts Screen
- Maruti Suzuki October futures fell 1.32% to 14,100 as open interest increased 48.53%.
- The contract carried 101 open-interest contracts on the dashboard.
Stock Market Live: Bank Nifty OI Rises 27% Since Last Expiry
- Bank Nifty total open interest has increased 26.94% since the previous expiry to 8.79 lakh contracts.
- Call OI rose 34.02% to 4.14 lakh contracts, while Put OI increased 21.52% to 3.89 lakh contracts.
- Futures OI climbed 19.84% even as Bank Nifty declined 0.72%.
Stock Market Live: Nifty 24,550 Sees Sharp Two-Way OI Addition
- Both Call and Put writers have added positions at the 24,550 strike.
- Call OI increased by about 1.56 lakh contracts, while Put OI rose by around 2.36 lakh contracts.
- Total outstanding OI stands at roughly 2.05 lakh Calls and 2.41 lakh Puts at the strike.
Stock Market Live: GAIL Sees Fresh Short Build-Up Across Contracts
- GAIL features prominently on the fresh-shorts screen.
- October futures fell 4.36% as OI increased 137.50%, while September futures declined 4.39% alongside a 78.16% increase in open interest.
- This suggests fresh short positions.
Stock Market Live: Nifty Total OI Jumps 137% Since Last Expiry
- Nifty total options open interest has increased 137.37% since the previous expiry to 1.13 crore contracts, even as the index declined 5.30%.
- Call OI rose 108.67% to 47.90 lakh contracts, while Put OI climbed 181.99% to 63.44 lakh contracts.
- Futures OI, meanwhile, declined 10.38% to 2.09 lakh contracts.
Stock Market Live: Bank Nifty 58,000 Sees Biggest Options Concentration
- The 58,000 strike carries the largest Call and Put open-interest concentration visible on the Bank Nifty options dashboard.
- Call OI at the strike is substantially higher than at surrounding levels, while Put positioning is also concentrated at 58,000.
- The strike remains the main options activity zone in the current setup.
Stock Market Live: July Manufacturing PMI Falls To Lowest Since August 2021
India’s HSBC Manufacturing PMI fell to 53.5 in July from 54.2 in June. The July reading was the lowest since August 2021.
Stock Market Live: Nifty Options Positioning Clusters Around 24,500–24,600
- Options activity is concentrated around the 24,500–24,600 area in the current Nifty weekly series.
- The 24,500 strike carries the highest Put OI at 3.17 lakh contracts, while 24,600 has the highest Call OI at 3.24 lakh contracts.
- Fresh additions are also concentrated around these strikes on both sides.
Stock Market Live: TCS Features Among Long-Liquidation Names
TCS futures fell 7.75% alongside a decline in open interest, putting the IT major in the long-unwinding bucket.
Other stocks appearing on the liquidation screen include:
- BEL
- Bank of Baroda
- Asian Paints
- Oberoi Realty
- 360 ONE
- Vedanta
- IndusInd Bank
- Infosys
- ICICI Bank
- Astral
Stock Market Live: Nifty Mid Select OI Rises 46% Since Last Expiry
- Nifty Mid Select has gained 11.23% since the previous expiry, accompanied by a 46.22% rise in total open interest to 77,350 contracts.
- Call OI increased 57.31%, while Put OI rose 73.37%. Futures OI increased 1.58% to 16,058 contracts.
Stock Market Live: Nifty Call Writers Concentrate At 24,550 And 24,600
Call writers have added the most positions around the 24,550–24,600 zone in the current weekly series.
Call OI additions stand at about:
- 24,550 — 1.56 lakh contracts
- 24,600 — 1.39 lakh contracts
- 24,700 — 68,332 contracts
- 24,500 — 59,950 contracts
- 24,650 — 59,096 contracts
Stock Market Live: Divi's Labs Among Stocks Seeing Fresh Long Positions
Divi's Laboratories futures rose 4.38% alongside a 42.11% increase in open interest, placing the stock among the long build-up names.
Other stocks showing accumulation include:
- Tata Motors Passenger Vehicles
- Ashok Leyland
- Motherson
- Bajaj Finserv
- BPCL
- Hindustan Petroleum
- SRF
- AB Capital
- DLF
- Reliance Industries
Stock Market Live: Nifty Fin Service Options OI More Than Triples Since Last Expiry
- Nifty Financial Services options open interest has risen 218.80% since the previous expiry even as the index declined 2.12%.
- Call OI increased 279.53% to 3,579 contracts, while Put OI jumped 325.63% to 3,056 contracts. Futures OI declined 8.66%.
Stock Market Live: Nifty Put Writers Add Most At 24,500
Fresh Put writing is highest at the 24,500 strike, where Put open interest increased by about 2.85 lakh contracts.
Fresh additions are also visible at:
- 24,550 — 2.36 lakh contracts
- 24,600 — 1.55 lakh contracts
- 24,400 — 96,473 contracts
- 24,450 — 93,583 contracts
Stock Market Live: HDFC Bank Leads Short-Covering Screen
HDFC Bank futures rose 8.67% even as open interest declined 0.15%, placing the stock in the short-covering bucket.
Policybazaar, Union Bank, Fortis, Tata Elxsi, Amber Enterprises, LTM, SAIL, Blue Star and Kotak Mahindra Bank are among the other stocks on the short-covering screen.
Stock Market Live: Nifty 24,500 Holds Highest Put Open Interest
Put positioning remains concentrated at the 24,500 strike, where open interest stands at about 3.17 lakh contracts, the highest in the current weekly series.
Other notable Put OI positions are at:
- 24,550 — 2.41 lakh contracts
- 24,000 — 2.22 lakh contracts
- 24,200 — 1.92 lakh contracts
- 24,400 — 1.90 lakh contracts
Stock Market Live: Muthoot Finance Leads Fresh Short Build-Up
Muthoot Finance leads the fresh shorts screen, with its October futures falling 10.03% while open interest jumped 890.48%.
Other stocks showing fresh short positions include:
- GAIL
- Persistent Systems
- Siemens
- Maruti Suzuki
- RBL Bank
- Dixon Technologies
- MCX
- Mphasis
- Sun Pharma
Stock Market Live: Nifty 24,600 Emerges As Biggest Call OI Zone
The 24,600 strike has the highest Call open interest in the current Nifty weekly series at about 3.24 lakh contracts, making it the largest overhead Call concentration.
Other notable Call OI positions are at:
- 24,700 — 2.10 lakh contracts
- 24,550 — 2.05 lakh contracts
- 24,500 — 2.00 lakh contracts
- 25,000 — 1.86 lakh contracts
Stock Market Live: Nifty, Sensex Hold Gains After Hitting Intraday Highs
- The Nifty 50 traded 182.55 points, or 0.75%, higher at 24,566.15 after rising as much as 0.8% to 24,576.45.
- The Sensex gained 578.43 points, or 0.74%, to 78,673.07 after climbing as much as 800 points to 78,895.10.
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Stock Market Live: FSSAI Issues Notices To USL, Inbrew Over Flavouring Norms
- The Food Safety and Standards Authority of India issued notices to manufacturing units of United Spirits, Inbrew Beverages and other alcoholic beverage makers over alleged violations of flavouring norms, PTI reported.
- FSSAI said some manufacturers had added flavours that mimic the natural profile of standardised alcoholic beverages, such as rum flavour in rum or whisky flavour in whisky. The regulator also flagged alleged violations involving age-related claims and blend-age disclosures.
Stock Market Live: India Approves One Chinese FDI Proposal Worth Rs 1 Crore In FY26
- India approved one foreign direct investment proposal from China worth Rs 1 crore in FY26, PTI reported, citing official data. It cleared 13 proposals from Hong Kong worth Rs 610.42 crore.
- Overall, the government approved 63 FDI proposals worth Rs 10,292.67 crore during the year. Singapore accounted for the highest approved value at Rs 3,259.88 crore.
Stock Market Live: Park Medi World Q1 Profit Rises 42.5%
- Park Medi World’s consolidated net profit rose 42.5% year-on-year to Rs 82.5 crore. Revenue increased 19.3% to Rs 476 crore.
- EBITDA grew 20.3% to Rs 126 crore, while the margin widened to 26.5% from 26.3%. The company will acquire Mehar Mediserve for Rs 107 crore.
Stock Market Live: Narayana Health Plans Rs 2,000 Crore Capex To Add Beds
- Sandhya J of Narayana Health told NDTV Profit that the company reported its highest quarterly revenue in Q1, supported by patient volumes and capacity utilisation in India. The insurance business nearly tripled from a lower base, while the UK business remained sluggish.
- The company will spend Rs 2,000 crore over the next two to three years to increase bed capacity. It aims to lift UK margins to double digits and expects that business to improve over the next 12–18 months.
Stock Market Live: Maruti Suzuki Falls 2% As Q1 Margin Narrows
- Maruti Suzuki shares fell as much as 2% to Rs 13,901, ending a six-session gaining streak. First-quarter net profit declined 10.8% year-on-year to Rs 3,352 crore, while EBITDA fell 14.5% to Rs 4,312 crore and the margin narrowed to 8.2% from 13.1%.
- The decline came despite revenue rising 35.9% to Rs 52,456 crore and July sales increasing 33.4% to 2.41 lakh units. Brokerages cited higher commodity costs and other expenses as factors behind the margin pressure.
Stock Market Live: Biocon Launches Yesafili In US
Biocon has commercially launched Yesafili, a biosimilar version of aflibercept, in the US, according to an exchange filing.
Stock Market Live: Blue Cloud Softech Signs Liberia Digital Infrastructure Pact
- Blue Cloud Softech has signed a memorandum of understanding with the Liberian government for the country’s National Digital Infrastructure Project, according to an exchange filing.
- The company will implement the project through a public-private partnership model.
Stock Market Live: Bajaj Auto July Sales Rise 30%
- Bajaj Auto’s total sales rose 30% year-on-year to 4.7 lakh units in July. Two-wheeler sales increased 31% to 3.9 lakh units, while commercial vehicle sales grew 23% to 85,958 units.
- Domestic sales rose 20% to 2.2 lakh units, while exports increased 39% to 2.5 lakh units.
Stock Market Live: TVS Motor July Sales Rise 38%
- TVS Motor’s total sales rose 38% year-on-year to 6.3 lakh units in July. Two-wheeler sales increased 38% to 6 lakh units, with domestic sales rising 42% to 4.4 lakh units.
- Exports grew 29% to 1.8 lakh units, while three-wheeler sales increased 51% to 26,537 units. Electric two-wheeler sales stood at 60,934 units.
Stock Market Live: ITC, Bajaj Finance Lead Nifty 50 Gains
- ITC added 16.51 points to the Nifty 50’s rise, followed by Bajaj Finance at 16.28 points. HDFC Bank, L&T and Infosys contributed 15.88 points, 12.88 points and 11.11 points, respectively.
- Sun Pharma was the largest drag, pulling the index down by 6.75 points. Cipla, ONGC, Coal India and Apollo Hospitals also limited gains.
Stock Market Live: Nifty FMCG Leads Sectoral Gains, Media Falls 1.61%
- Nifty FMCG rose 1.12%, while Nifty Metal gained 0.94%. Nifty Bank and Nifty PSU Bank advanced 0.78% and 0.74%, respectively.
- Nifty Media fell 1.61%, while Nifty Pharma declined 0.49%.
Nifty Rallies Near 24,600, Sensex Surges 800 Points; Zee Entertainment Slumps 8%
- The NSE Nifty 50 rose as much as 0.8% to 24,576.45.
- The BSE Sensex rose as much as 800 points or 1% to 78,895.10.
Stock Market Live: Maruti Approves Four CBG Projects Worth Rs 561 Crore
Maruti Suzuki's board approved investments in four compressed biogas projects, adding a separate corporate trigger beyond its July sales update.
• Four CBG projects approved.
• Total investment at Rs 561 crore.
Stock Market Live: LIC Gets GST Demand Orders
Life Insurance Corporation of India received separate GST demand orders from Jharkhand and CGST Allahabad.
• Jharkhand GST demand at Rs 99.10 crore, along with interest and a penalty of Rs 9.91 crore.
• CGST Allahabad demand for FY19-FY21 involves GST of Rs 95.24 crore, applicable interest and an equal penalty of Rs 95.24 crore over alleged excess input tax credit claim and short tax payment.
Stock Market Live: No Stocks Under F&O Ban
The derivatives market starts the session without any individual securities under the futures and options ban.
• Stocks under F&O ban: Nil.
Stock Market Live: TVS Motor July Sales Rise 38%
- TVS Motor’s total sales rose 38% year-on-year to 6.3 lakh units in July. Two-wheeler sales increased 38% to 6 lakh units, with domestic sales rising 42% to 4.4 lakh units.
- Exports grew 29% to 1.8 lakh units, while three-wheeler sales increased 51% to 26,537 units. Electric two-wheeler sales stood at 60,934 units.
Stock Market Live: SML Mahindra, Sigma Solve Enter Short-Term ASM
SML Mahindra and Sigma Solve have been shortlisted under the Short-Term Additional Surveillance Measure framework, while Cyient DLM will exit ASM.
• SML Mahindra — Short-Term ASM inclusion.
• Sigma Solve — Short-Term ASM inclusion.
• Cyient DLM — ASM exclusion.
• SML Mahindra price band reduced from 20% to 10%.
• Sigma Solve price band reduced from 20% to 10%.
• Thangamayil Jewellery price band reduced from 10% to 5%.
Stock Market Live: Nifty 24,000 Strike Holds Maximum Put OI
The 24,000 strike holds the maximum Put open interest on Nifty, making it a key derivatives level for the session.
• Maximum Put OI at 24,000 strike.
Stock Market Live: Rupee Depreciates To 95.135 Against US Dollar
The rupee weakened to 95.135 against the US dollar.
Stock Market Live: Vodafone Idea Gets Rs 26.83 Crore Damages Notice
Vodafone Idea received a notice seeking liquidated damages over an alleged default in meeting spectrum rollout obligations.
• Liquidated damages sought at Rs 26.83 crore.
• The alleged default relates to minimum rollout obligations under spectrum allocated in the 2022 Spectrum Auction.
Stock Market Live: Manipal Health Enterprises To List Today
Manipal Health Enterprises will debut on the stock exchanges today. Its initial public offering was subscribed 5.12 times on the final day of bidding.
Stock Market Live: Sensex Gains Nearly 800 Points In Pre-Market, Nifty Rises 0.78%
The Sensex rose 785.89 points, or 1.01%, to 78,880.53 during the pre-market trade. The Nifty 50 gained 189.10 points, or 0.78%, to 24,572.70.
Stock Market Live: Nifty 24,600 Strike Holds Maximum Call OI
The 24,600 strike holds the maximum Call open interest on Nifty, putting the level in focus in the derivatives market.
• Maximum Call OI at 24,600 strike.
Stock Market Live: Anawil Wire IPO Opens For Subscription Today
- Anawil Wire & Engineering’s Rs 177.81 crore IPO opens for subscription today. G.V. Electricals and Fusion Klassroom Edutech enter their second day of bidding.
- MV Electrosystems, Juniper Green Energy, Dhaval Packaging and Oneindig Technologies enter the final day of subscription. Juniper Green Energy’s IPO is the largest among these issues at Rs 1,800 crore.
Stock Market Live: Nifty August Futures Trade At 47-Point Premium
Nifty August futures indicated a positive derivatives setup ahead of the trading session.
• Nifty August futures up 0.30% at 24,430.
• Futures trade at a premium of 47 points.
Stock Market Live: CAMS, Escorts Kubota Among Companies Reporting Q1 Results Today
- Computer Age Management Services, Escorts Kubota, Great Eastern Shipping Company, GlaxoSmithKline Pharmaceuticals, JM Financial, Kansai Nerolac Paints and KEI Industries will report first-quarter results today.
- Sri Lotus Developers and Realty, NOCIL, Sanathan Textiles, Stove Kraft and Thomas Cook (India) are also scheduled to announce earnings.
Stock Market Live: NALCO Reports Q1 Earnings
National Aluminium Co. reported sequential growth in revenue, Ebitda and profit during the June quarter.
NALCO (Q1, Consolidated QoQ)
- Profit up 16.3% at Rs 2,003 crore versus Rs 1,722 crore.
- Revenue up 5.8% at Rs 5,302 crore versus Rs 5,013 crore.
- Ebitda up 15.2% at Rs 2,708 crore versus Rs 2,349 crore.
- Ebitda margin at 51.1% versus 46.9%.
Stock Market Live: Adani Ports July Cargo Volume Rises 15%
- Adani Ports handled 46.3 million metric tonnes of cargo in July, up 15% year-on-year, according to an exchange filing.
- Logistics rail volume fell 16% to 51,020 twenty-foot equivalent units.
Stock Market Live: Ashok Leyland July Sales Rise 30%
- Ashok Leyland’s total sales rose 30% year-on-year to 19,590 units in July, according to an exchange filing. Domestic sales increased 33% to 17,980 units.
- Medium and heavy commercial vehicle sales grew 29% to 12,270 units, while light commercial vehicle sales rose 32% to 7,320 units.
Stock Market Live: Gujarat Ambuja Exports Reports Q1 Earnings
Gujarat Ambuja Exports reported higher revenue, Ebitda and net profit for the June quarter, while operating margin expanded.
Gujarat Ambuja Exports (Q1, Consolidated YoY)
- Revenue up 23.5% at Rs 1,594 crore versus Rs 1,291 crore.
- Ebitda at Rs 232 crore versus Rs 96.3 crore.
- Ebitda margin at 14.5% versus 7.5%.
- Net profit at Rs 177 crore versus Rs 65 crore.
Stock Market Live: JPMorgan Retains Underweight On CDSL
JPMorgan retained its Underweight rating on CDSL after the depository's June-quarter performance.
JPMorgan
• Maintain Underweight.
• Target price at Rs 1,200.
• Revenue growth was modest while margins compressed.
• Franchise metrics remained resilient.
• Operating leverage was less visible as costs increased ahead of revenue.
Stock Market Live: CDSL Reports Q1 Earnings
CDSL reported higher revenue, Ebitda and net profit for the June quarter, while operating margin narrowed.
CDSL (Q1, Consolidated YoY)
- Revenue up 13.1% at Rs 293 crore versus Rs 259 crore.
- Ebitda up 5.7% at Rs 138 crore versus Rs 131 crore.
- Ebitda margin at 47.1% versus 50.4%.
- Net profit up 14.8% at Rs 118 crore versus Rs 102 crore.
Stock Market Live: Clean Science Reports Q1 Earnings
Clean Science reported higher revenue and net profit for the June quarter, while Ebitda and operating margin declined.
Clean Science (Q1, Consolidated YoY)
- Revenue up 10.5% at Rs 268 crore versus Rs 243 crore.
- Ebitda down 3.3% at Rs 96.5 crore versus Rs 99.8 crore.
- Ebitda margin at 35.9% versus 41.1%.
- Net profit up 4.7% at Rs 73.4 crore versus Rs 70.1 crore.
• The company secured a supply contract from Kemin Industries and will be the primary supplier for Kemin's food operations for five years.
Stock Market Live: Auto Stocks In Focus After July Sales Updates
Automobile counters will track July sales updates after several manufacturers reported double-digit volume growth.
• Tata Motors PV total sales up 59%.
• Maruti Suzuki total sales up 33.4%.
• Eicher Motors motorcycle sales up 34%.
• M&M total sales up 26%.
• Hyundai Motor total sales up 25.4%.
• Escorts Kubota total tractor sales up 22%.
• Hero MotoCorp total sales up 19%.
• Tata Motors CV total sales up 37%.
Stock Market Live: Escorts Kubota July Tractor Sales Rise 22%
Escorts Kubota reported higher tractor volumes in July, led by growth in the domestic market.
Escorts Kubota (July Auto Sales, YoY)
- Total tractor sales up 22% at 8,731 units.
- Domestic tractor sales up 23.7% at 8,194 units.
Stock Market Live: Eicher Motors July Motorcycle Sales Jump 34%
Eicher Motors reported higher motorcycle volumes during July, while exports increased 10%.
Eicher Motors (July Auto Sales, YoY)
- Motorcycle sales up 34% at 1.18 lakh units.
- Motorcycle exports up 10% at 12,915 units.
Stock Market Live: Hyundai Motor July Sales Rise 25.4%
Hyundai Motor reported double-digit growth in domestic sales and exports during July.
Hyundai Motor (July Auto Sales, YoY)
- Total sales up 25.4% at 75,360 units.
- Domestic sales up 23.3% at 54,210 units.
- Exports up 31.4% at 21,150 units.
Stock Market Live: Hero MotoCorp July Sales Rise 19%
Hero MotoCorp reported higher domestic, motorcycle and scooter sales during July, while exports declined.
Hero MotoCorp (July Auto Sales, YoY)
- Total sales up 19% at 5.33 lakh units.
- Domestic sales up 21.6% at 5.01 lakh units.
- Exports down 14% at 32,013 units.
- Motorcycle sales up 17% at 4.69 lakh units.
- Scooter sales up 32% at 64,851 units.
Stock Market Live: Tata Motors CV July Sales Rise 37%
Tata Motors' commercial vehicle business reported higher July volumes, with exports more than doubling from a year earlier.
Tata Motors CV (July Auto Sales, YoY)
- Total sales up 37% at 39,641 units.
- Domestic CV sales up 28% at 33,876 units.
- Exports at 5,765 units versus 2,524 units.
Stock Market Live: GAIL Brokerages Raise Targets After Q1
GAIL drew multiple target price hikes after its June-quarter performance, with brokerages assessing gains from gas marketing and supply disruptions.
Kotak Securities
• Upgrade to Buy from Add.
• Target price raised to Rs 215 from Rs 175.
• Disruption boosted profitability across marketing, LPG/LHC and petchem with minimal impact on transmission volumes.
Macquarie
• Maintain Outperform.
• Target price at Rs 205.
• Gas marketing benefited from favourable price-index movements despite lower volumes.
• Management indicated marketing and LPG outperformance was timing-driven and could moderate.
Citi
• Maintain Buy.
• Target price raised to Rs 202 from Rs 195.
• Gas trading benefited from a timing gap in an oil-linked LNG contract and gains on open US LNG volumes.
• FY27 transmission guidance raised to 123 mmscmd.
Morgan Stanley
• Maintain Equal-weight.
• Target price raised to Rs 190 from Rs 152.
• GAIL is increasingly a play on China and Europe LNG imports before potential upside from a US natural gas glut in 2027.
Stock Market Live: Morgan Stanley Retains Equal-Weight On Coal India
Morgan Stanley maintained its rating on Coal India while assessing the miner's volumes against thermal power demand.
Morgan Stanley
• Maintain Equal-weight.
• Target price at Rs 420.
• Thermal power demand is estimated to have risen around 12% in July, aided by a favourable base.
• Coal India volumes lagged thermal power demand after adjusting for the favourable base.
• Inventory levels are comfortable and restocking could emerge over the next few months.
Stock Market Live: Coal India July Production Rises 8.4%
Coal India reported higher provisional production and offtake during July.
Coal India (July, YoY)
- Provisional production up 8.4% at 50.4 million tonnes.
- Provisional offtake up 17.4% at 63.7 million tonnes.
- The company offered 251.85 lakh tonnes via e-auction in July and allocated 83.95 lakh tonnes.
Stock Market Live: Kotak Upgrades Zee Entertainment To Add
Kotak Securities upgraded Zee Entertainment following the proposed increase in promoter holding and potential value unlocking.
Kotak Securities
• Upgrade to Add from Reduce.
• Target price raised to Rs 130 from Rs 90.
• Promoter holding is set to increase to 23.8% from 3.99%.
• Music business value unlocking could emerge as a near- to medium-term trigger.
• Core business headwinds are unlikely to recede.
Stock Market Live: Zee Shareholders Approve Rs 3,143.5 Crore Warrant Issue
Zee Entertainment shareholders approved a promoter warrant issue that will increase promoter holding in the company.
• Shareholders approved 24.95 crore warrants at Rs 126 each.
• The issue enables an infusion of Rs 3,143.5 crore.
• Promoter stake will increase to 23.79%.
• Shareholders also approved an ESOP grant of 3.74 crore stock options.
Stock Market Live: PNC Infratech Wins Rs 244 Crore Arbitration Award
PNC Infratech received an arbitral award in connection with an EPC project, providing a separate financial trigger for the company.
• Arbitral Tribunal awarded the company Rs 244 crore.
Stock Market Live: PNC Infratech Gets Rs 302.44 Crore AAI Project
PNC Infratech received a letter of intent from the Airports Authority of India for an EPC project at Pantnagar Airport in Uttarakhand.
• Order value at Rs 302.44 crore.
• Project covers airside and landside development works.
• Completion period at 24 months.
Stock Market Live: NCC Secures Three Orders Worth Rs 1,052.71 Crore
NCC received three orders during July across its buildings and water divisions.
• Total order value at Rs 1,052.71 crore.
• Buildings Division orders worth Rs 590.38 crore.
• Water Division orders worth Rs 462.33 crore.
Stock Market Live: BEL Secures Orders Worth Rs 847 Crore
Bharat Electronics received additional orders since July 13, adding to the defence electronics company's order book.
• Orders worth Rs 847 crore received since July 13.
Stock Market Live: Sterlite Tech Wins Rs 960 Crore Telecom Order
Sterlite Technologies secured an order from a domestic telecom operator for the supply of optical fibre cables.
• Order value at Rs 960 crore.
Stock Market Live: Waaree Energies Secures 739.71 MW Solar Module Order
Waaree Energies secured a new solar module supply order, adding to its order pipeline.
• The order covers 739.71 MW of solar modules.
Stock Market Live: HCLTech Completes Guardian India, HPE Acquisitions
HCLTech completed two previously announced acquisitions involving Guardian India and Hewlett Packard Enterprise.
• The company completed the acquisition of Guardian India's operations.
• It separately completed the acquisition of Hewlett Packard Enterprise's telco solutions business.
Stock Market Live: Dr Reddy's Gets US FDA Nod For Rituximab Biosimilar
Dr Reddy's Laboratories received US FDA approval for its Rituximab biosimilar, adding a regulatory trigger for the drugmaker.
• Fresenius Kabi will exclusively commercialise the product in the US.
Stock Market Live: Brokerages Flag ABB India Margin Pressure
Brokerages remained cautious on ABB India as strong order growth was accompanied by continued pressure on operating margins.
JPMorgan
• Maintain Neutral.
• Target price raised to Rs 6,751 from Rs 6,568.
• Order inflows grew 50% but remained below elevated expectations.
• Brokerage sees no quick recovery in Ebitda margin.
HSBC
• Maintain Reduce.
• Target price raised to Rs 5,400 from Rs 5,200.
• Order inflow growth of 50% was below the roughly 80% expected by consensus.
• Price increases have not kept pace with commodity costs.
Stock Market Live: ABB India Reports Q2 Earnings, Announces Dividend
ABB India reported higher revenue, Ebitda and net profit in the June quarter, while operating margin narrowed.
ABB India (Q2 CY2026, YoY)
- Net profit up 3% at Rs 362 crore versus Rs 352 crore.
- Revenue up 21% at Rs 3,559 crore versus Rs 2,940 crore.
- Ebitda up 11.4% at Rs 447 crore versus Rs 401 crore.
- Ebitda margin at 12.6% versus 13.6%.
- • The company will pay a special dividend of Rs 90 per share.
Stock Market Live: Glenmark Pharma Reports Q1 Earnings
Glenmark Pharmaceuticals reported higher revenue, Ebitda and operating margin in the June quarter, while net profit increased from a year earlier.
Glenmark Pharma (Q1, Consolidated YoY)
- Net profit at Rs 483 crore versus Rs 47 crore.
- Revenue up 23% at Rs 4,018 crore versus Rs 3,264 crore.
- Ebitda up 38.6% at Rs 805 crore versus Rs 581 crore.
- Ebitda margin at 20% versus 17.8%.
Stock Market Live: Persistent Systems Reports Q1 Earnings
Persistent Systems reported sequential revenue growth in the June quarter, while Ebit, margin and net profit declined.
Persistent Systems (Q1, Consolidated QoQ)
- Revenue up 6.1% at Rs 4,303 crore versus Rs 4,056 crore.
- Ebit down 11.8% at Rs 582 crore versus Rs 659 crore.
- Ebit margin at 13.5% versus 16.3%.
- Net profit down 8.7% at Rs 483 crore versus Rs 529 crore.
- TTM attrition at 12.3%.
- Total contract value at $1.15 billion.
Stock Market Live: Morgan Stanley Double-Upgrades Urban Company
Morgan Stanley upgraded Urban Company by two notches and raised its target price after reassessing growth and profitability across its businesses.
Morgan Stanley
• Upgrade to Overweight from Underweight.
• Target price raised to Rs 165 from Rs 128.
• Brokerage sees structural expansion in growth rates in India consumer services excluding Insta and the international business.
• Confidence on profitability across segments improved with execution.
• Profitability targets could be achieved sooner than management guidance.
• Elevated InstaHelp losses could force consolidation sooner.
• ROCE is expected to normalise above 20% at steady state.
Stock Market Live: Urban Company Reports Q1 Loss Of Rs 92 Crore
Urban Company reported higher June-quarter revenue but swung to a net loss from a profit in the year-ago period.
Urban Company (Q1, Consolidated YoY)
- Net loss at Rs 92 crore versus profit of Rs 7 crore.
- Revenue up 43.9% at Rs 528 crore versus Rs 367 crore.
- Ebitda loss at Rs 92.7 crore versus loss of Rs 4.8 crore.
Stock Market Live: Morgan Stanley Retains Overweight On Muthoot Finance
Morgan Stanley maintained its positive view on Muthoot Finance after assessing its June-quarter performance.
Morgan Stanley
• Maintain Overweight.
• Target price at Rs 3,705.
• NIM missed estimates, though better loan growth contained the overall miss.
• Brokerage said elevated consensus estimates made the miss appear worse.
• It cited weak average gold prices QoQ and high one-offs in FY26 yields.
Stock Market Live: Muthoot Finance Reports Q1 Earnings
Muthoot Finance reported higher consolidated income and profit for the June quarter.
Muthoot Finance (Q1, Consolidated YoY)
- Total income up 34.5% at Rs 8,695 crore versus Rs 6,466 crore.
- Profit up 38.8% at Rs 2,799 crore versus Rs 2,016 crore.
The company will promote K R Bijimon to CEO and Alexander George as Managing Director starting Oct. 1.
Stock Market Live: Indian Oil Reports Q1 Loss As Ebitda Falls 90.6%
Indian Oil Corp. reported a consolidated loss for the June quarter as Ebitda and operating margin declined sequentially.
Indian Oil Corp. (Q1, Consolidated QoQ)
- Net loss at Rs 2,661 crore versus profit of Rs 11,378 crore.
- Revenue up 26.2% at Rs 2.62 lakh crore versus Rs 2.08 lakh crore.
- Ebitda down 90.6% at Rs 1,947 crore versus Rs 20,716 crore.
- Ebitda margin at 0.7% versus 10%.
Stock Market Live: M&M July Sales Rise 26%, PV Volumes Increase 20%
Mahindra & Mahindra reported higher July sales across passenger vehicles, tractors, three-wheelers and exports.
M&M (July Auto Sales, YoY)
- Total sales up 26% at 1.03 lakh units.
- Total exports up 47% at 4,070 units.
- 3-wheeler sales up 53% at 14,538 units.
- Tractor exports up 3% at 1,777 units.
- Domestic tractor sales up 21% at 32,643 units.
- Total tractor sales up 20% at 34,420 units.
- PV sales up 20% at 60,048 units.
Stock Market Live: Tata Motors PV July Sales Jump 59%
Tata Motors' passenger vehicle business reported higher July volumes across domestic sales, exports and electric vehicles.
Tata Motors PV (July Auto Sales, YoY)
- Total sales up 59% at 63,760 units.
- Domestic sales up 58% at 62,611 units.
- Exports up 76% at 1,149 units.
- EV sales at 15,217 units versus 7,124 units.
Stock Market Live: Maruti Suzuki July Sales Rise 33.4%
Maruti Suzuki reported higher July volumes, led by a 42% increase in domestic sales.
Maruti Suzuki (July Auto Sales, YoY)
- Total sales up 33.4% at 2.41 lakh units.
- Domestic sales up 42% at 2.11 lakh units.
- Exports up 5.3% at 30,056 units.
Stock Market Live: Brokerages Flag Maruti Margin Pressure After Q1
Maruti Suzuki drew target price revisions after its June-quarter performance as brokerages assessed commodity costs, supplier settlements and the demand outlook.
Citi
• Maintain Buy.
• Target price cut to Rs 16,500 from Rs 18,500.
• Margin pressure was partly a timing issue after supplier settlements moved from quarterly to monthly.
• FY27 volume growth guidance of 10% was reiterated.
• Seven new models are planned by FY30.
BofA
• Reiterate Neutral.
• Price objective raised to Rs 14,700 from Rs 14,000.
• Commodity costs, new-plant expenses and bonus payouts drove the margin miss.
• Order backlog stands at 1.30 lakh units and channel inventory at 13 days.
• Brokerage sees upside risk to the 10% volume growth guidance.
Nomura
• Maintain Neutral.
• Target price raised to Rs 14,071 from Rs 13,435.
• Monthly commodity settlements hit margins by 110 basis points during the quarter.
• Management expects full capacity utilisation in four to five months.
• Brokerage prefers M&M and Hyundai among four-wheeler OEMs.
Stock Market Live: Maruti Suzuki Reports Profit Falls 11%
Maruti Suzuki reported its June-quarter earnings, with revenue increasing while profit, Ebitda and operating margin declined.
Maruti Suzuki (Q1, YoY)
- Cost of materials up 46% at Rs 32,000 crore.
- Profit down 10.8% at Rs 3,352 crore versus Rs 3,758 crore.
- Revenue up 35.9% at Rs 52,456 crore versus Rs 38,593 crore.
- Ebitda down 14.5% at Rs 4,312 crore versus Rs 5,043 crore.
- Ebitda margin at 8.2% versus 13.1%.
Stock Market Live: Jefferies Upgrades ITC, Others Cut Targets After Q1
Brokerages took differing views on ITC after its June-quarter performance, with Jefferies upgrading the stock while Goldman Sachs, JPMorgan and Macquarie cut their targets.
Jefferies
• Upgrade to Buy from Hold.
• Target price at Rs 350.
• Brokerage was positively surprised by volume resilience.
• The miss was largely driven by gradual price hikes and a series of interventions.
• Encouraging volume trends could give management confidence to take further price hikes.
Goldman Sachs
• Maintain Neutral.
• Target price cut to Rs 290 from Rs 320.
• Q1 missed estimates due to a larger-than-expected decline in cigarette Ebit.
• Paper margins expanded off a low base, while FMCG had a strong quarter.
JPMorgan
• Maintain Neutral.
• Target price cut to Rs 310 from Rs 325.
• Cigarette portfolio reset is underway.
• FMCG recorded healthy growth excluding staples.
• Paperboard and packaging showed improvement, while agribusiness disruptions continued.
Macquarie
• Maintain Neutral.
• Target price cut to Rs 300 from Rs 330.
• Tax hikes are still being passed through, making Q1 an unreliable FY27 run-rate.
• Management remains focused on stemming migration to illicit cigarettes.
HSBC
• Maintain Hold.
• Target price raised to Rs 320 from Rs 310.
• Cigarette Ebit declined due to volume correction and weaker realisations and mix.
• Further tax hikes remain a key uncertainty.
Stock Market Live: ITC Q1 Profit Falls 27.1%, Cigarette Revenue Rises 81%
ITC reported its June-quarter earnings, with consolidated revenue and profit declining year on year while cigarette revenue increased.
ITC (Q1, Consolidated YoY)
- Net revenue at Rs 16,908 crore versus Rs 19,761 crore, down 14.4%
- Ebitda at Rs 4,514 crore versus Rs 6,261 crore, down 27.9%
- PAT at Rs 3,579 crore versus Rs 4,911 crore, down 27.1%
- Ebitda margin at 26.7% versus 31.7%, down 498.3 bps
- Agri Business revenue down 17% at Rs 8,082 crore
- Total FMCG business up 53% at Rs 21,866 crore
- Cigarette revenue up 81% at Rs 15,383 crore
Stock Market Live: Brokerages Raise Divi's Labs Targets After Q1 Beat
Divi's Laboratories drew multiple target-price hikes after its June-quarter performance, though brokerages remained divided on valuation.
Citi
• Maintain Buy.
• Target price raised to Rs 11,700 from Rs 9,450.
• Strong validation activity, commercial volumes and commentary on peptides, contrast media and generics drove the revision.
Goldman Sachs
• Maintain Buy.
• Target price raised to Rs 9,070 from Rs 8,025.
• Custom synthesis drove the revenue growth inflection, while a better mix and operating leverage supported margins.
Kotak Securities
• Maintain Sell.
• Target price raised to Rs 6,925 from Rs 5,850.
• Strong CSM sales drove the Q1 beat, though the brokerage awaits a better entry point.
Stock Market Live: US Futures Rise Ahead Of Jobs Data, Earnings
- Dow futures rose 200 points, or 0.4%, while S&P 500 futures gained 0.5%. Nasdaq-100 futures advanced 0.8% as investors awaited the July employment report and corporate earnings.
- The gains followed Friday’s rise on Wall Street. The Dow added 0.53%, the S&P 500 climbed 0.7% and the Nasdaq Composite gained 1%.
Stock Market Live: Divi's Labs Q1 Profit Jumps 65.5%, Margin Expands
Divi's Laboratories reported its earnings for the quarter ended June, with revenue, Ebitda and net profit rising year on year.
Divi's Labs (Q1, Consolidated YoY)
- Revenue up 27.8% at Rs 3,080 crore versus Rs 2,410 crore.
- Ebitda up 72.2% at Rs 1,255 crore versus Rs 729 crore.
- Ebitda margin at 40.7% versus 30.2%.
- Net profit up 65.5% at Rs 902 crore versus Rs 545 crore.
Stock Market Live: Iran Says It Continues To Treat Threats Seriously
- Iran’s Acting Defence Minister Seyyed Majid Ibn Al-Reza said Tehran continued to take threats against the country seriously, according to Iranian state media.
- Ibn Al-Reza described recent comments from Iran’s adversaries as part of a psychological and cognitive warfare campaign.
Stock Market Live: Trump Says Proposed Iran Deal Would Reopen Strait Of Hormuz
- US President Donald Trump said the proposed agreement with Iran would provide for the immediate and complete reopening of the Strait of Hormuz. He said the deal would also address Iran’s nuclear programme.
- Trump’s comments followed reports that Washington had considered further military action against Iran.
Stock Market Live: Brent Falls To $84.41 After Trump Cancels Iran Strikes
- Brent crude fell $3.52 to $84.41 per barrel, while US West Texas Intermediate declined $3.49 to $81.18.
- Oil prices dropped after US President Donald Trump said he had cancelled planned strikes against Iran while the two sides worked towards an agreement.
Stock Market Live: Asian Markets Fall, Kospi Drops 5.5%
- South Korea’s Kospi fell 5.5% after trading resumed, while Japan’s Nikkei 225 declined 1.87%. Australia’s ASX 200 slipped 0.33%.
- Asian equities traded lower despite crude oil prices falling after US President Donald Trump abandoned plans for another military strike on Iran.
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