Stock Market Today: All You Need To Know Going Into Trade On July 21

Good morning!

The GIFT Nifty is down 22.5 points or 0.1% at 25,010.5 as of 6:35 a.m., indicating a lower start for the benchmark Nifty 50.

India's benchmark equity indices logged a third consecutive session of losses on Friday, pulled down by banks and other financial stocks ahead of major earnings report from heavyweights Reliance Industries Ltd., HDFC Bank Ltd. and ICICI Bank Ltd.

The NSE Nifty 50 closed 143.05 points or 0.57% down at 24,968.4, while BSE Sensex ended 501.51 points or 0.61% lower at 81,757.73.

The dip below 25,000 marked a nearly four-week low for the Nifty, reflecting broad-based weakness across the market.

US stocks closed unchanged on Friday as declines in technology and energy shares offset gains elsewhere, with the S&P 500 Index notching its third winning week in the last four after consumer sentiment rose to a five-month high.

The benchmark equities gauge slipped less than 0.1%, after notching a fresh record a day earlier. The Nasdaq 100 Index fell 0.1%, after also finishing at a fresh all-time high on Thursday. Dow Jones settled 0.3% lower.

US index futures:

• S&P 500 up 0.1%

• Nasdaq 100 up 0.2%

Asian stock markets wavered at the open. Japanese and Australian equities were down, while South Korean stocks traded higher.

• Nikkei down 0.2%

• Topix down 0.2%

• Kospi up 0.5%

• S&P/ASX 200 down 1%

• Hang Seng futures up 0.9%

Oil was little changed after its first weekly drop this month, with the focus on US trade deal progress — including with the European Union — and the bloc’s efforts to curb Russian energy exports. Brent crude held near $69 a barrel after falling 1.5% last week, while West Texas Intermediate was above $67.

On Monday, India will announce its infrastructure output data.

Agi Greenpac, CIE Automotive India, CRISIL, DCM Shriram, Dodla Dairy, Eternal, Ganesh Housing Corporation, Havells India, IDBI Bank, Latent View Analytics, Mahindra Logistics, Oberoi Realty, Parag Milk Foods, PNB Housing Finance, Rajratan Global Wire, Sagar Cements, UCO Bank, UltraTech Cement.

HDFC Bank Q1FY26 (Standalone)

• Net interest income stood at Rs 31,438 crore, compared to Rs 29,837 crore year-on-year, marking a 5% increase YoY but a 2% decline quarter-on-quarter (QoQ).

• Other income (excluding one-offs) was Rs 12,601 crore, up 18% YoY from Rs 10,668 crore, and up 5% QoQ.

• Total other income reached Rs 21,729 crore, showing a significant 104% increase YoY from Rs 10,668 crore and an 81% increase QoQ.

• Operating expenses (Opex) were Rs 17,434 crore, up 5% YoY from Rs 16,620 crore, and down 1% QoQ.

• Operating profit came in at Rs 35,734 crore, surging 50% YoY from Rs 23,885 crore, and up 35% QoQ.

• Provisions stood at Rs 14,442 crore, increasing 352% QoQ compared to Rs 3,192 crore.

• HDFC Bank made a floating provision of Rs 9,000 crore in Q1FY26.

• Profit After Tax (PAT) was Rs 18,155 crore, up 12% YoY from Rs 16,174 crore, and up 3% QoQ.

• The Gross Non-Performing Asset (NPA) ratio was 1.4%, an increase of 7 basis points (bps) QoQ from 1.33%.

• The Net NPA ratio was 0.47%, an increase of 4 bps QoQ from 0.43%.

ICICI Bank Q1FY26 (Standalone)

• Net interest income stood at Rs 21,635 crore versus Rs 19,553 crore year-on-year (YoY), marking an 11% increase YoY and a 2% increase quarter-on-quarter (QoQ).

• Other income was Rs 8,505 crore versus Rs 7,002 crore YoY, up 21% YoY and 17% QoQ.

• Operating expenses (Opex) were Rs 11,394 crore versus Rs 10,530 crore YoY, up 8% YoY and 6% QoQ.

• Operating profit reached Rs 18,746 crore versus Rs 16,025 crore YoY, an increase of 17% YoY and 6% QoQ.

• Provisions were Rs 1,815 crore versus Rs 891 crore QoQ, up 104% QoQ.

• Profit After Tax (PAT) was Rs 12,768 crore versus Rs 11,059 crore YoY, up 15% YoY and 1% QoQ.

• Gross Non-Performing Asset (NPA) ratio was 1.67% versus 1.67% QoQ, remaining flat.

• Net NPA ratio was 0.41% versus 0.39% QoQ, indicating a 2 basis points improvement QoQ (down 2bps QoQ).

Union Bank Of India Q1FY26 (Standalone)

• Net interest income was down 3% at Rs 9,113 crore versus Rs 9,412 crore year-on-year (YoY).

• Operating Profit was down 11.3% at Rs 6,909 crore versus Rs 7,785 crore (YoY).

• Provisions were down 39.6% at Rs 1,664 crore versus Rs 2,756 crore (YoY), but up 7.8% at Rs 1,664 crore versus Rs 1,544 crore quarter-on-quarter (QoQ).

• Net Profit was up 11.9% at Rs 4,115 crore versus Rs 3,679 crore (YoY).

• Gross NPA stood at 3.52% versus 3.6% (QoQ).

• Net NPA was 0.62% versus 0.63% (QoQ).

• The bank anticipates Net Interest Margins (NIMS) to moderate by 20-25 basis points (bps) in FY26.

• A 10-12% rise is expected in Retail, Agriculture, and MSME advances in FY26.

• Core agricultural loans are continuing to grow.

• The bank foresees 20-25 bps pressure on margins for the full year.

• No large slippages were observed in the MSME portfolio during April-June.

• Treasury income is expected to moderate significantly going forward.

• A 25-35 bps cut in the Marginal Cost of Funds Based Lending Rate (MCLR) is anticipated over the next six months.

RBL Bank Q1FY26 (Standalone, YoY)

• Net interest income was down 13% at Rs 1,481 crore versus Rs 1,700 crore.

• Operating Profit was down 18.2% at Rs 703 crore versus Rs 859 crore.

• Provisions were up 20.8% at Rs 442 crore versus Rs 366 crore, and down 43.7% at Rs 442 crore versus Rs 785 crore quarter-on-quarter (QoQ).

• Net Profit down 46% at Rs 200 crore versus Rs 372 crore.

• Gross NPA stood at 2.78% versus 2.6% (QoQ).

• Net NPA was at 0.45% versus 0.29% (QoQ).

Seshasayee Paper Q1FY26 (Consolidated, QoQ)

• Revenue was down 8.7% at Rs 385 crore versus Rs 422 crore.

• Ebitda was down 55.4% at Rs 21.3 crore versus Rs 47.8 crore

• Margin stood at 5.5% versus 11.3%.

• Net Profit was down 58.3% at Rs 15.4 crore versus Rs 37 crore.

Central Bank of India Q1FY26 (Standalone, YoY)

• Net interest income down 5% at Rs 3,383 crore versus Rs 3,548 crore.

• Operating Profit up 15.6% at Rs 2,304 crore versus Rs 1,993 crore.

• Provisions were down 56.2% at Rs 521 crore versus Rs 1,191 crore (YoY), and down 38.3% at Rs 521 crore versus Rs 844 crore quarter-on-quarter (QoQ).

• Net Profit up 32.8% at Rs 1,169 crore versus Rs 880 crore.

• Gross NPA stood at 3.13% versus 3.18% (QoQ).

• Net NPA was at 0.49% versus 0.55% (QoQ).

Punjab & Sind Bank Q1FY26 (Standalone, YoY)

• Net interest income was up 6% at Rs 900 crore versus Rs 850 crore.

• Operating Profit was up 70.3% at Rs 540 crore versus Rs 317 crore.

• Provisions stood at Rs 217 crore versus Rs 103 crore (YoY), and down 42% at Rs 217 crore versus Rs 374 crore quarter-on-quarter (QoQ).

• Net Profit was up 48.2% at Rs 269 crore versus Rs 181.5 crore (YoY).

• Gross NPA stood at 3.34% versus 3.38% (QoQ).

• Net NPA was at 0.91% versus 0.96% (QoQ).

AU Small Finance Bank Q1FY26 (Standalone, YoY)

• Net interest income stood at Rs 2,045 crore versus Rs 1,921 crore year-on-year (YoY), marking a 6% increase YoY but a 2% decrease quarter-on-quarter (QoQ).

• Other income was Rs 811 crore versus Rs 509 crore YoY, up 59% YoY and 7% QoQ.

• Operating expenses (Opex) were Rs 1,543 crore versus Rs 1,478 crore YoY, up 4% YoY and down 1% QoQ.

• Operating profit reached Rs 1,312 crore versus Rs 1,292 crore YoY, up 2% YoY and 38% QoQ.

• Provisions were Rs 533 crore versus Rs 283 crore YoY, up 88% YoY, and down 16% QoQ compared to Rs 635 crore.

• Profit After Tax (PAT) came in at Rs 581 crore versus Rs 503 crore YoY, up 16% YoY and 15% QoQ.

Reliance Industries Q1 (Cons, QoQ)

• Revenue down 6.8% at Rs 243632 crore versus Rs 261388 crore.

• Ebitda  down 2.11% at Rs 42905 crore versus Rs 43832 crore.

• Ebitda margin up 84 bps at 17.61% versus 16.76%.

• Net profit up 39.09% at Rs 26994 crore versus Rs 19407 crore.

• Other income jumps 208% QoQ to Rs 15119 crore

• Other income includes Rs 8,924 crore, being proceeds of profit from sale of listed investments (Asian Paints).

Reliance Retail Q1 Highlights (QoQ)

• Retail profit falls 7.7% to Rs 3,271 crore from Rs 3,545 crore.

• Retail revenue falls 5% to Rs 84,172 crore from Rs 88,637 crore.

• Retail Ebitda falls 5% to Rs 6,381 crore from Rs 6,721 crore.

• Retail Ebitda margin flat at 7.58%.

Reliance Jio Q1FY26 Highlights

• Revenue declines 3% at Rs 30,882 crore versus Rs 30,018 crore.

• Ebitda up 5% at Rs 15,852 crore versus Rs 16,690 crore.

• Ebitda margin expanded to 54.04% versus 52.81%.

• Net profit rises 1% at Rs 6,642 crore versus Rs 6,711 crore.

• ARPU rose 1.3% to Rs 208.8 versus Rs 206.2.

• Subscribers rise 2% to 498.1 million from 488.2 million.

Reliance Power Q1FY26 (Consolidated, YoY)

• Revenue down 5.4% at Rs 1,886 crore versus Rs 1,992 crore.

• Ebitda down 13.2% at Rs 565 crore versus Rs 651 crore.

• Margin at 30% versus 32.7%.

• Net Profit of Rs 44.7 crore versus a loss of Rs 98 crore.

Mastek Q1FY26 (Consolidated, QoQ)

• Revenue up 1% to Rs 915 crore versus Rs 905 crore.

• Net profit up 14% to Rs 92 crore versus Rs 81 crore.

• Ebitda down 1% to Rs 119 crore versus Rs 120 crore.

• Margin at 13% versus 13.3%.

Hatsun Agro Product Q1FY26 (Consolidated, YoY)

• Revenue up 9% to Rs 2,590.28 crore versus Rs 2,375.06 crore.

• Net profit up 4% to Rs 135.19 crore versus Rs 130.54 crore.

• Ebitda up 9% to Rs 360.83 crore versus Rs 330.31 crore.

• Margin flat at 13.9%.

• Declares dividend of Rs 6 per share.

IndiaMART InterMESH Q1FY26 (Consolidated, YoY)

• Revenue up 12.3% to Rs 372 crore versus Rs 331 crore.

• Net profit up 34.6% to Rs 154 crore versus Rs 114 crore.

• Ebitda up 11.7% to Rs 134 crore versus Rs 120 crore.

• Margin at 35.9% versus 36.1%.

Aarti Drugs Q1FY26 (Consolidated, YoY)

• Revenue up 6.3% to Rs 591 crore versus Rs 555 crore.

• Ebitda up 14% to Rs 74.1 crore versus Rs 65 crore.

• Margin at 12.5% versus 11.7%.

• Net profit up 62.2% to Rs 53.9 crore versus Rs 33.2 crore.

Bandhan Bank Q1FY26 (Standalone, YoY)

• NII down 8% to Rs 2757.3 crore versus Rs 2986.7 crore.

• Net profit down 65% to Rs 372 crore versus Rs 1,063 crore.

• Provisions at Rs 1,146 crore versus Rs 522.99 crore.

• Gross NPA at 4.96% versus 4.71% (QoQ).

• Net NPA at 1.36% versus 1.28% (QoQ).

JSW Steel Q1FY26 (Consolidated, QoQ)

• Revenue down 3.7% to Rs 43,147 crore versus Rs 44,819 crore.

• Net profit up 45% to Rs 2,184 crore versus Rs 1,503 crore.

• Ebitda up 19% to Rs 7,576 crore versus Rs 6,378 crore.

• Margin at 17.6% versus 14.2%.

L&T Finance Q1FY26 (Consolidated, YoY)

• Total income up 12.6% to Rs 4,259.60 crore versus Rs 3,784.61 crore.

• Net profit up 2.3% to Rs 701.1 crore versus Rs 685.51 crore (Bloomberg Estimate: Rs 681 crore).

• Net interest income up 8% to Rs 2,278.76 crore versus Rs 2,101.21 crore (Bloomberg Estimate: Rs 2,457 crore).

Mangalore Refinery and Petrochemicals Q1FY26 (Standalone, QoQ)

• Revenue up 24% to Rs 17,356.23 crore versus Rs 24,595.87 crore.

• Ebitda down 84% to Rs 179.59 crore versus Rs 1,129.95 crore.

• Margin at 1% versus 4.6%.

• Net loss of Rs 271.97 crore versus profit of Rs 363.14 crore.

• Hudco: The company approved the discontinuation of HUDCO Niwas Portfolio.

• Sun TV Network: The company approved the acquisition of 100% stake of Northern Superchargers for 100.5-million-pound sterling.

• TGV SRAAC: The company added 2.50 MW solar power capacity. The solar power generating capacity of the company stands at 40.40 MW.

• LIC Housing Finance: The company, formerly registered as an aggregator under the NPS-Lite Swavalamban Scheme, has been de-registered as an aggregator under the NPS-Lite Swavalamban and has surrendered the Certificate of Registration as a Point of Presence effective today.

• Coforge: The company received no adverse observation letter from BSE and NSE for the scheme of amalgamation with Cigniti Tech.

• B L Kashyap: The company received Rs 157 crore order from Manyata Promoters for civil and structural works.

• Firstsource Solutions: The arm executed an agreement for the acquisition of 100% stake in PDC for consideration of GBP 22 million.

• Mahindra Lifespace: Arm Mahindra Industrial Park & Sumitomo Corp in an agreement with Osaka Govt to support Japanese businesses entering India.

• Afcom Holdings: Launches New International cargo route to Vietnam and commenced Hanoi operations to strengthen southeast Asia network.

• Udaipur Cement Works: The company approved the amalgamation of the company, Hansdeep Ind and Hidrive Developers and Ind with JK Lakshmi Cement.

• Dr. Reddy’s: USFDA completed an inspection at Srikakulam facility FTO 11 and issued form 483 with 7 observations. USFDA conducted inspection from July 10-18.

• Devyani International: The company increased its stake in Sky Gate to 86.13% for Rs 103 crore.

• NTPC Green: The arm in an agreement with Goa Energy Development Agency to develop 300 MW renewable energy projects in Goa.

• Godrej Properties: Amitesh Shah to replaced Priyansh Kapoor as Zonal Chief Executive Officer – MMR effective July 19 and Sandeep Navlakhe to replaced Vikas Singhal as Chief Operating Officer effective Aug. 1.

• TVS Supply Chain: Arm TVS LIUK acquired an additional 30% stake in arm TVS Autoserv GmbH. Post acquisition arm TVS logistics investment UK now holds 81% stake in TVS Autoserv GmbH.

• Ambuja Cements: NCLT received nod for merger of Adani cementation with the company.

• Inox Green Energy Services: BSE and NSE issued an observation letters with 'No adverse observation' to Proposed Scheme.

• Samvardhana Motherson: The company's step-down subsidiary, PKC Wiring Systems, Serbia, has incorporated a new wholly owned subsidiary named Motherson PKC Electric Cable D.O.O. Požarevac in Serbia.

• Ceigall India: The company emerged as the lowest bidder for the "Establishment of 400/220 kV Velgaon Substation (GIS)" project, with an annual tariff of Rs 585 million, a 24-month completion period, and 35 years of O&M.

• Ircon International: The company in a joint venture with JPWIPL, has won a project from RVNL and received the letter of award worth Rs. 755.7 crores. Further, the company received a domestic contract worth Rs 1,113 crores by MMRDA for the Mumbai Metro rail line.

• Route Mobile: Gaut am Badalia resigned as CEO.

• AWL Agri Business: Adani Commodities LLP sold 13.54 crore share (10.42%) at Rs 275.5 apiece., while Shajaeatan Investment Fzco bought 11 crore shares (8.51%) at Rs 275.5 apiece, Jupiter India Fund bought 27.68 lakh shares (0.21%) and many others at Rs 275.5 apiece.

• Price Band change to 10% from 5%: Nagarjuna Fertilizers and Chemicals, MMTC.

• Ex-Dividend: Anupam Rasayan India, Shree Cement, Thangamayil Jewellery, Orient Bell.

• List of securities to be excluded from ASM Framework: J.G.Chemicals.

• List of securities to be excluded from ASM Framework: Sky Gold and Diamonds.

• Nifty July futures down by 0.59% to 25,026 at a premium of 58 points.

• Nifty July futures open interest down by 0.63%.

• Nifty Options 24 July Expiry: Maximum Call open interest at 26,000 and Maximum Put open interest at 25,000.

• Securities in ban period: Angelone, Bandhan Bank, Hindustan Copper, RBL Bank.

The Indian rupee ended Friday’s session on a weaker note, slipping eight paise to settle at 86.16 against the US dollar. The yield on the benchmark 10-year bond settled one basis points higher at 6.31% on Friday.