Good morning, and welcome to our live coverage of the markets. Here's what's setting the tone for today's session.
Indian equity benchmarks opened marginally higher on Friday, extending gains from the previous session on the last trading day of the week.
The NSE Nifty50 opened at 24,361.45, while the BSE Sensex began the session at 77,998.66. Among sectoral indices, the Nifty IT index was the biggest laggard, declining over 3% in early trade.
Meanwhile, Wall Street closed sharply higher on Thursday. The Dow Jones Industrial Average gained 613.92 points, or 1.2%, to end at 52,208.06. The S&P 500 climbed 1.7% to settle at 7,437.64, and the Nasdaq Composite surged 2.8% to close at 25,122.18.
Microsoft shares jumped 16% after its Azure cloud business posted stronger-than-expected growth, adding close to $450 billion to its market value in a single session.
That rally has carried into Asian trade this morning. South Korea's Kospi surged more than 16%, triggering a trading halt, as chipmakers SK Hynix and Samsung Electronics extended their rally on AI-linked demand. Australia's S&P/ASX 200 and Hong Kong's Hang Seng are also tracking higher in early trade.
On the commodities front, Brent crude is holding near $86 a barrel, staying elevated on continuing Middle East tensions and fresh supply concerns after an attack on a Caspian Pipeline Consortium terminal.
Stay tuned as we track every move on Dalal Street through the session, from the opening bell to the close.
Stock Market Live: Sony Q1 Profit Beats Estimates, Raises Full-Year Operating Income Forecast
- Sony reported Q1 operating income of 476.5 billion yen, ahead of the Bloomberg estimate of 355.67 billion yen. Net income came in at 342.16 billion yen, compared with expectations of 265.98 billion yen.
- Following the strong quarter, Sony raised its full-year operating income forecast to 1.72 trillion yen from 1.60 trillion yen. It also increased its full-year sales outlook to 12.50 trillion yen from 12.30 trillion yen.
- The company now expects full-year net income of 1.21 trillion yen, up from its earlier forecast of 1.16 trillion yen.
- Sony maintained its full-year dividend forecast at 35 yen per share, above the Bloomberg consensus estimate of 33.08 yen.
- The company said it is difficult to estimate the financial impact of the recent earthquake and has not incorporated any potential impact into its full-year forecast.
Stock Market Live: Sensex, Nifty Edge Higher In Pre-Open Trade
- The BSE Sensex was up 88.42 points, or 0.11%, at 78,016.57 in pre-open trade.
- The Nifty 50 gained 44.30 points, or 0.18%, to 24,361.45.
- The pre-open indicators pointed to a mildly positive start for Indian equities ahead of the opening bell.
Stock Market Live: Maruti Suzuki Starts Production At Plant D In Gujarat
- Maruti Suzuki India has commenced production at Plant D at its Gujarat manufacturing facility, PTI reported.
- The new plant is expected to support the company's production capacity expansion plans.
- Maruti Suzuki continues to ramp up manufacturing capabilities to meet domestic and export demand.
Stock Market Live: Bajaj Finance Q1 Review
Bajaj Finance Ltd.'s June quarter earnings prompted a wave of optimism from brokerages, with Citi, Jefferies and Morgan Stanley raising their target prices after the lender delivered strong loan growth, resilient margins and improving asset quality.
Stock Market Live: Mahanagar Gas Q1 Review
Brokerages stayed bullish Mahanagar Gas' June-quarter earnings despite supply disruptions linked to the Middle conflict, with both Morgan Stanley and Citi highlighting stronger-than-expected volume growth and resilient margins.
The brokerages believe favourable CNG economics, driven by price hikes and lower gas sourcing costs, continue to underpin the company's earnings outlook.
Stock Market Live: Stocks To Buy Today
Stock Market Live: Stocks In Focus
- Mankind Pharma: Board approved a Rs 150 crore corporate guarantee for wholly owned subsidiary Bharat Serums and Vaccines to secure its credit facilities.
- Fischer Medical Ventures: Associate company Nanomedic Technologies received CDSCO import approval for the Spincare Portable Wound Care System, enabling its launch in India. Fischer holds exclusive distribution rights across India and Southeast Asia.
- Garden Reach Shipbuilders & Engineers: Received a Rs 1,032.07 crore Notification of Award from ONGC for construction of four Platform Supply Vessels, to be executed over 48 months.
- Global Health: Board approved a revised plan for its upcoming Guwahati hospital, increasing planned capacity to 650 beds from 400 beds with an estimated investment of Rs 970 crore.
- Thermax: Board approved merger of wholly owned subsidiary Thermax Cooling Solutions with the company and demerger of the Bio-CNG EPC business of Thermax Bioenergy Solutions into Thermax, subject to regulatory and NCLT approvals.
- Niva Bupa Health Insurance: Board approved raising up to Rs 500 crore through non-convertible debentures on a private placement basis.
- Refex Industries: Secured a rate contract worth about Rs 22.75 crore from a Maharatna CPSE for ash transportation to road construction sites, to be executed over about 12 months.
- Arkade Developers: Launched Arkade Sapphire, a boutique mixed-use residential and commercial project in Santacruz West, Mumbai.
- Hyundai Motor India: Appointed Mukundan MS as Whole-time Director and Chief Manufacturing Officer from Sept. 1, 2026, subject to shareholder approval. Appointed Young Geon Kim as Senior Management Personnel from Aug. 1, 2026.
- Gillette India: Appointed Robin Thadathil as Additional Executive Director from Aug. 1, 2026.
- PVR INOX: Opened a three-screen premium multiplex at Mall 11, Jabalpur, taking its network to 1,782 screens across 355 properties.
- Tata Power: Completed acquisition of 100% stake in Ryapte Power Transmission for Rs 10.87 crore. Tata Power Renewables secured an 800 MW Inter-State Transmission System connectivity project with an investment of Rs 5,750 crore.
- Billionbrains Garage Ventures (Groww): ICRA upgraded the company's issuer rating to AA (Stable) from AA- (Stable).
- SJVN: Ministry of Power extended the additional charge of Chairman and Managing Director held by Bhupender Gupta for three months from Aug. 1, 2026, or until a regular CMD is appointed.
- REC: Incorporated Kukshi Alirajpur Transmission for the Kukshi/Alirajpur transmission project. Transferred its 100% stake in Ryapte Power Transmission to Tata Power for Rs 110.87 crore. The SPV ceased to be its subsidiary.
- Bank of India: Revised MCLR rates from Aug. 1, 2026. Increased three-month MCLR to 8.35% from 8.25% and one-year MCLR to 8.80% from 8.75%. Other tenors remain unchanged.
- LIC: Received a GST demand order for FY23 involving GST of Rs 99.10 crore, along with applicable interest and penalty of Rs 9.91 crore.
- Union Bank of India: Board approved raising up to USD 2 billion through a Medium Term Note programme via debt issuances from its Dubai and/or Sydney branches.
- Clean Science and Technology: Wholly owned subsidiary Clean-Fino Chem approved incorporation of a wholly owned subsidiary in the Netherlands with an initial investment of EUR 50,000 for specialty chemicals trading and distribution.
- Astra Microwave Products: Received an order worth Rs 2,205.23 crore from HAL for supply of 122 AAAUs and 121 Interface Frames for Uttam Radar. Execution is scheduled over five years.
- AWL Agri Business: Appointed Pankaj Goyal as Chief Financial Officer from July 31, 2026.
Stock Market Live: Kospi Jumps 16%
Asia-Pacific markets opened higher on Friday, July 31, as investors focused technology shares after blockbuster earnings from Microsoft and Amazon reignited optimism around artificial intelligence spending.
South Korea's Kospi surged more than 16%, rebounding sharply after a three-day rout, while Japan's Nikkei 225 soared over 6%. Australia's S&P/ASX 200 gained 0.89%, lifting the broader MSCI Asia Pacific Index higher.
Stock Market Live: GIFT Nifty Trades Above Wednesday’s Nifty Close
- GIFT Nifty traded at 24,422, compared with Wednesday’s Nifty 50 close of 24,317.
- The early indicator was 105 points above the previous close.