Stock Market News Today Live Updates: GIFT Nifty Indicates Higher Start for Sensex, Nifty; Asian Markets Mixed; Brent Crude Below $90

• Tanfac Industries reported a consolidated net profit of Rs 16.8 crore in Q1, down 13% from Rs 19.4 crore a year earlier.
• Revenue increased 6.3% year-on-year to Rs 187.2 crore from Rs 176 crore.
• EBITDA declined 1.3% to Rs 28.6 crore from Rs 29 crore, while EBITDA margin narrowed to 15.3% from 16.4%.
• The company said margins were impacted by higher raw material costs, including an increase in sulphur prices, as well as elevated fuel costs.
• Profit was affected by lower operating earnings and deferred tax adjustments during the quarter.

• NTPC reported a consolidated net profit of Rs 6,721 crore in Q1, up 11.8% from Rs 6,011 crore a year earlier.
• Revenue increased 7.8% year-on-year to Rs 50,741 crore from Rs 47,064 crore, while EBITDA rose 29% to Rs 16,231 crore from Rs 12,579 crore.
• EBITDA margin expanded to 32% from 26.7% in the year-ago period.
• The company's performance was supported by higher power generation, improved plant utilisation and increased contribution from subsidiaries and joint ventures.
• NTPC added 196 MW of standalone capacity during the quarter, while the group commissioned 1,796 MW of capacity. The company said 16.4 GW of renewable energy capacity is currently under construction.

• Birla Corp reported a consolidated net profit of Rs 116 crore in Q1, down 3.2% from Rs 120 crore a year earlier.
• Revenue increased 7.8% year-on-year to Rs 2,646 crore from Rs 2,454 crore.
• EBITDA declined 1.3% to Rs 342 crore from Rs 347 crore, while EBITDA margin narrowed to 12.9% from 14.1%.
• Cement sales volume rose 5% year-on-year to 5.05 million tonnes.
• EBITDA per tonne declined to Rs 675 from Rs 715 a year ago, while capacity utilisation stood at 98%.

• AU Small Finance Bank reported a Q1 net profit of Rs 796 crore, up 37% from Rs 581 crore a year ago.
• Net interest income (NII) rose 32% year-on-year to Rs 2,696 crore from Rs 2,045 crore.
• Operating profit increased 9.4% to Rs 1,435 crore from Rs 1,312 crore.
• Gross NPA stood at 2.10% versus 2.03% in the previous quarter, while net NPA was 0.76% versus 0.74%.
• Provisions were Rs 371 crore, compared with Rs 533 crore a year ago and Rs 269 crore in the preceding quarter.
• The bank also elevated COO Yogesh Jain to the position of Deputy CEO.

• Vedant Fashions reported a Q1 net profit of Rs 80.6 crore, up 14.7% from Rs 70.3 crore a year earlier.
• Revenue increased 7.2% year-on-year to Rs 301 crore from Rs 281 crore.
• EBITDA rose 8.6% to Rs 131 crore from Rs 121 crore, while EBITDA margin improved to 43.5% from 42.9%.
• The company reappointed Chairman and Managing Director Ravi Modi for five years with effect from Aug. 28 and also reappointed Shilpi Modi as Whole-Time Director from the same date.

• SMC Global Securities said its board has approved raising up to Rs 150 crore through the issuance of non-convertible debentures (NCDs), according to an exchange filing.
• The fundraising will be undertaken through debt instruments.
• The company disclosed the board approval through a regulatory filing.

 

• Nvidia is in discussions with OpenAI to help guarantee financing for data centre projects, according to a Wall Street Journal report cited by Bloomberg.
• The financing package under discussion could support investments of up to $250 billion, with total project costs potentially reaching $500 billion, the report said.
• The talks are focused on funding infrastructure required for large-scale artificial intelligence and data centre expansion.
• Separately, Nvidia is set to acquire a 4.5% stake in Naver, according to the report.

 

• Asian markets traded mixed on Monday, with Australia's ASX 200 rising 0.92%, the strongest gain among major regional indices.
• Hong Kong's Hang Seng advanced 0.35%, while New Zealand's NZX 50 gained 0.29%. Malaysia's benchmark index rose 0.26%.
• Taiwan's benchmark index fell 0.52%, while South Korea's Kospi declined 0.31%. China's Shanghai Composite slipped 0.21%.
• Singapore's STI was down 0.26%, while Japan's Nikkei 225 was little changed, down 0.06%.

 

• Juniper Green India has set the price band for its initial public offering at Rs 214-225 per share.
• The IPO will be offered within the announced price range during the subscription period.
• Investors will be able to bid for shares at prices within the specified band.

• Domestic institutional investors (DIIs) remained net buyers on July 24, purchasing equities worth Rs 5,589.28 crore, with buys of Rs 17,254.44 crore against sales of Rs 11,665.16 crore.
• Foreign portfolio investors (FPIs) were net sellers, offloading equities worth Rs 4,024.06 crore. FPIs bought shares worth Rs 10,470.69 crore and sold shares worth Rs 14,494.75 crore.
• The data indicates continued domestic support for the market despite foreign investor selling.

• In the previous session, the Nifty 50 closed at 23,767.45, down 102.15 points, or 0.43%.
• The Sensex settled at 76,059.77, lower by 331.62 points, or 0.43%.
• Both benchmark indices ended the session in the red amid broad-based selling across sectors.

• Gift Nifty was trading at 23,943, up 136.5 points, indicating a positive opening for Indian equities.
• The gains in Gift Nifty suggest stronger sentiment ahead of the start of cash market trading.
• Traders will monitor global cues, earnings announcements and institutional flows for further direction.

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