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

• Gift Nifty was trading at 23,926.00 at 9:02 AM, with an implied gain of 119.50 points.
• The indication points to a positive opening for Indian equities compared with Friday's close.
• Traders will watch earnings announcements and global market cues for further direction after the opening bell.

• MV Electrosystems has set the price band for its initial public offering at Rs 400-425 per share.
• Investors will be able to bid for shares within the announced price range during the IPO subscription period.
• The final issue price will be determined based on investor demand within the specified band.

• Welspun Corp said it has received an order worth Rs 960 crore for the supply of coated line pipes, according to an exchange filing.
• The order will be executed through the company's manufacturing facility in the US.
• Following the order win, Welspun Corp's consolidated global order book has crossed Rs 25,750 crore.

• Coal India is expected to report Q1 revenue of Rs 44,055.2 crore, up 22.9% from Rs 35,842.2 crore a year earlier, driven by higher sales volumes and stronger e-auction volumes.

• Net profit is projected to increase 1.9% year-on-year to Rs 8,906.6 crore from Rs 8,743.4 crore, while EBITDA is expected to decline 1.7% to Rs 12,310.8 crore from Rs 12,521.4 crore.

• EBITDA margin is estimated to contract to 27.9% from 34.9%, reflecting higher input costs and lower realisations.

• Coal production is expected to decline about 7% year-on-year, while sales volumes are likely to increase around 3%.

• E-auction volumes are estimated at 30 million tonnes, up from 21 million tonnes a year ago, with the e-auction mix rising to 15% from 11%.

• E-auction premium is expected at around 44%, while fuel and explosive costs remained elevated during the quarter.

• Investors will watch management commentary on dividend prospects following subsidiary listings, trends in e-auction realisations, and the company's production and sales volume guidance for the rest of FY27.

• IDFC First Bank reported a Q1 net profit of Rs 1,075 crore, more than doubling from Rs 463 crore a year ago. Net interest income (NII) rose 21% year-on-year to Rs 5,972 crore from Rs 4,933 crore.

• Operating profit increased 14% to Rs 2,553 crore from Rs 2,239 crore, while provisions declined to Rs 1,144 crore from Rs 1,659 crore a year earlier.

• Asset quality improved, with Gross NPA declining to 1.51% from 1.61% in the previous quarter and Net NPA falling to 0.44% from 0.48%.

• The bank said loan growth was driven by retail and SME segments, while deposit growth was supported by CASA expansion. Lower funding costs aided NIM improvement during the quarter.

• Management guided for an FY27 Return on Assets (RoA) of 1%.

• Separately, the board approved raising up to Rs 7,500 crore through equity and up to Rs 12,500 crore through debt instruments.

• Following the results, CLSA upgraded the stock to 'Outperform' from 'Hold' and raised its target price to Rs 95 from Rs 73, citing strong operating performance, lower credit-cost guidance, improving profitability and better-than-expected asset quality.

• Bharat Electronics Ltd. (BEL) is expected to report Q1 revenue of Rs 5,028.6 crore, up 13.9% from Rs 4,416.8 crore a year earlier, driven by continued execution of defence contracts.

• EBITDA is estimated at Rs 1,335.6 crore, up 7.7% year-on-year from Rs 1,239.9 crore, while EBITDA margin is expected to moderate to 26.6% from 28.1% due to higher semiconductor costs and weaker operating leverage compared with Q4.

• Net profit is projected to decline 2.3% to Rs 946.7 crore from Rs 969.1 crore in the year-ago quarter.

• Q1 order inflows are estimated at around Rs 3,510 crore, with defence ordering activity expected to remain subdued during the quarter.

• BEL's order book is estimated at about Rs 72,510 crore at the end of Q1, with stronger ordering activity anticipated in the remainder of FY27.

• Investors will watch management commentary on the Rs 30,000 crore QRSAM order, semiconductor cost pressures, order execution prospects and BEL's opportunity in the P-75(I) submarine programme, which is estimated at around Rs 14,000 crore.

• Richard Redoglia told NDTV Profit that the UAE potentially leaving OPEC would be a significant development for global oil markets.
• He said there were concerns that the Houthis could target Saudi Arabia's oil production, while worries around a potential US-Iran conflict remain.
• Redoglia noted that major energy companies are increasingly adapting to fluctuations in crude oil prices.
• He said 30-day crude oil volatility has moderated compared with recent months, with prices trading in a range of $68-$102 per barrel.
• Redoglia added that Indian refiners have benefited from disruptions caused by attacks on Russian refineries.

• Shriram Finance reported a Q1 net profit of Rs 3,444 crore, ahead of the estimate of Rs 3,137 crore and up 34% year-on-year.
• Net interest income (NII) increased 33.7% to Rs 8,056 crore from Rs 6,026 crore a year ago, while total income rose 16.2% to Rs 13,412 crore from Rs 11,542 crore.
• Net interest margin (NIM) improved to 9.04% from 8.61% in the previous quarter.
• Gross NPA stood at 4.64% compared with 4.58% in Q4, while Net NPA was unchanged at 2.33%, better than the estimate of 2.39%.
• Assets under management (AUM) grew 15.3% year-on-year to Rs 3.13 lakh crore, with commercial vehicle AUM rising 47% to Rs 1.47 lakh crore.
• The company said passenger vehicle and commercial vehicle loans grew around 20%, while construction equipment loan growth declined 25%. Return on Assets (RoA) improved to 3.93% from 3.63% in the previous quarter.

• Sigma Advanced Systems said it has secured an export order worth Rs 1,013 crore from a North American customer, according to an exchange filing.
• The order is for the supply of Base Bleed Artillery Shells.
• The contract adds to the company's export order book and strengthens its presence in the global defence market.

 

• Dr Lal PathLabs reported a consolidated net profit of Rs 170 crore in Q1, up 28.8% from Rs 132 crore a year earlier, while revenue rose 19.1% to Rs 798 crore from Rs 670 crore.
• EBITDA increased 28.7% year-on-year to Rs 248 crore from Rs 192 crore, with EBITDA margin expanding to 31% from 28.7%, its highest level since Q1 FY22.
• The company said growth was driven by higher sample volumes, improved realisation per sample and operating leverage. Patient volumes rose 8.2%, while sample volumes increased 10.7% during the quarter.
• Delhi-NCR continued to be the key growth market, supported by double-digit growth and higher realisations.
• Subsidiary Suburban Diagnostics continued its recovery, with growth supported by digital integration, network expansion and radiology additions.
• Dr Lal PathLabs said it plans to add 12-15 laboratories and 2-4 radiology centres during FY27. The company has also incorporated a subsidiary in Dubai, adding to its existing presence in Nepal and Bangladesh.
• Management said revisions under the Central Government Health Scheme (CGHS) are contributing to revenue growth and could provide a 2-3% revenue benefit over the next few quarters.
• The company said FY27 growth is likely to be closer to the mid-teens, supported by the strong performance in the first quarter.

• OneSource Specialty reported consolidated revenue of Rs 449 crore in Q1, up 37.2% from Rs 327 crore a year earlier.
• EBITDA rose 39.5% year-on-year to Rs 123.3 crore from Rs 88.4 crore, while EBITDA margin improved to 27.5% from 27%.
• The company reported a net profit of Rs 25 crore, compared with a loss of Rs 18 lakh in the year-ago period.
• Revenue growth was driven by the commercial launch of semaglutide, new master service agreements and customer wins.
• The company said margin improvement on a sequential basis was supported by operating leverage from higher semaglutide revenue and reiterated its FY28 target of $400 million in organic revenue with an EBITDA margin of 40%.

• 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.

Hello Readers! Welcome To NDTV Profit Live Market Blog Coverage. Check All Things Related To Primary, As Well As Secondary Markets Here.