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The GIFT Nifty, an early indicator of Nifty 50's performance, traded at 24,621.50. On Monday, The Nifty 50 closed 13.15 points, or 0.05%, higher at 24,583.80, while the Sensex gained 43.27 points, or 0.06%, to 78,542.44. Bajaj Finance and Titan contributed 16.34 points and 14.94 points, respectively, to the Nifty 50's gain. SBI and Reliance Industries pulled the index down by 24.64 points and 16.49 points, respectively.
Asian stock markets traded mixed on Tuesday, with Japanese equities extending gains while South Korean and Chinese shares moved lower. Investors were assessing the latest developments in the Middle East, particularly the outlook for shipping through the Strait of Hormuz, after oil prices jumped sharply in the previous session.
Japan's Nikkei 225 rose 2.08%, while South Korea's Kospi declined 0.96%. Australia's ASX 200 gained 0.20% and China's Shanghai Composite slipped 0.01%.
Oil remained a key market variable after crude prices climbed about 5% on Monday as expectations for a near-term US-Iran agreement on reopening the Strait of Hormuz weakened. West Texas Intermediate settled around $82.13 a barrel, while Brent crude ended near $87.72.
The increase came after US President Donald Trump told Axios on Sunday that Washington was "only semi-negotiating" with Tehran, a shift from his earlier suggestion that talks between the two sides were under way. Trump also indicated that the US could use its naval blockade to maintain pressure on Iran rather than immediately resorting to another round of airstrikes.
Iran, meanwhile, has said it is working towards an arrangement with Oman aimed at facilitating shipping through the Strait of Hormuz. But Tehran has continued to reject direct discussions with Washington unless certain conditions are met.
Iranian Foreign Minister Abbas Araghchi said on Sunday that negotiations with the US could not resume while Washington continued to violate the June memorandum of understanding and failed to compensate Iran for what Tehran considers breaches of the agreement, according to Tasnim News Agency.
The uncertainty followed Trump's decision on Aug. 1 to cancel a planned attack on Iran in order to provide room for negotiations. With the diplomatic path now appearing less certain, markets are assessing the risk that disruptions to the key energy corridor could persist.
The S&P 500 ended Monday little changed as investors continued to grapple with the Middle East uncertainty. US equity futures were also subdued, with S&P 500 futures marginally lower, Nasdaq-100 futures near flat and Dow Jones Industrial Average futures down 37 points.
For Asian markets, the immediate focus remains on whether shipping through Hormuz can recover. A prolonged disruption could keep crude prices elevated and increase concerns about inflation, while signs of progress between Washington and Tehran could have the opposite effect on oil and broader risk sentiment.
Stock Market Live: Zee Entertainment Target Raised To Rs 80 By Citi
Citi retained its Sell rating on Zee Entertainment while raising its target price to Rs 80 from Rs 75, citing the need for advertising recovery to support margins.
Citi
• Maintain Sell; Hike TP to Rs 80 from Rs 75
• Sports Drives Reach; Ad Recovery Critical For Margin Expansion
• Return to sports via FIFA and other football properties could be strategically positive
• Remain cautious given weak ad trends, rising investments and competitive intensity
• Will monitor execution in sports
Stock Market Live: Zee Entertainment Q1 EBITDA Falls 58%
Zee Entertainment reported higher revenue but lower EBITDA and net profit in the June quarter, while advertising revenue declined year on year.
Zee Entertainment (Q1 FY27, Consolidated YoY)
- Revenue up 4.5% to Rs. 1,908 crore versus Rs. 1,825 crore.
- EBITDA down 57.7% to Rs. 101 crore versus Rs. 239 crore.
- EBITDA margin at 5.3% versus 13.1%.
- Net profit down 47% to Rs. 76 crore versus Rs. 144 crore.
- Ad revenue down 12% to Rs. 671 crore versus Rs. 759 crore.
- Subscription revenue up 16% YoY to Rs. 1,137 crore.
Stock Market Live: Info Edge Gets Mixed Brokerage Views After Q1
Brokerages differed on Info Edge, with Citi raising its target to Rs 1,510, BofA raising its target to Rs 1,400 and Macquarie retaining Neutral with a Rs 1,000 target.
BofA
• Maintain Neutral; Hike TP to Rs 1400 from Rs 1330
• Q1: Steady quarter; Improving hiring trends likely to sustain
• 5% EBITDA beat vs Street; Business momentum improving
• Premium segment & newer AI initiatives aiding Naukri
Citi
• Maintain Buy; Hike TP to Rs 1510 from Rs 1400
• Several accelerants in recruitment billings
• Near-term, GCCs, better pricing power, and improved jobseeker monetization are supportive
Macquarie
• Maintain Neutral with TP of Rs 1000
• Recruitment revenue growth trails Billings
• Continue to see the risk of AI slowing velocity of jobs
• This will lead to a softer medium-term Billings/Revenue growth outlook
• See potential downside risk to consensus mid-teen revenue growth forecast
Stock Market Live: Info Edge Target Raised To Rs 1,510 By Citi
Citi retained its Buy rating on Info Edge and raised its target price to Rs 1,510 from Rs 1,400, citing improving recruitment billings and pricing power.
Citi
• Maintain Buy; Hike TP to Rs 1510 from Rs 1400
• Several accelerants in recruitment billings
• Near-term, GCCs, better pricing power, and improved jobseeker monetization are supportive
• Medium-term, premiumization in white collar jobs market should drive ARPU-led growth
• Long term, traction in the value segment (JobHai) and India/global jobs macro will be key
Stock Market Live: Vodafone Idea Q1 Revenue Rises 3.2% QoQ
Vodafone Idea reported higher revenue and EBITDA sequentially, while the reported net loss reflected a sharp change in one-time gains.
Vodafone Idea (Q1 FY27, Consolidated QoQ)
- Revenue up 3.2% to Rs. 11,689 crore versus Rs. 11,332 crore.
- EBITDA up 3% to Rs. 5,034 crore versus Rs. 4,889 crore.
- EBITDA margin at 43.06% versus 43.14%.
- Net loss at Rs. 3,754 crore versus profit of Rs. 51,970 crore.
- One-time gain at Rs. 1,611 crore versus Rs. 57,491 crore.
Stock Market Live: Vodafone Idea Gets Rs 9 Target From JPMorgan
JPMorgan retained its Underweight rating on Vodafone Idea with a Rs 9 target, while noting positive subscriber additions and the importance of bank funding.
JPMorgan
• Maintain Underweight with TP of Rs 9
• Net subs adds return to positive territory for the first time since merger
• ARPU growth was helped by seasonality (1 extra day)
• Bank funding remains crucial
• Capex declined 16% QoQ and came below estimates
Stock Market Live: Nifty 24,600 Has Maximum Call Open Interest
- Options positioning for the August 11 expiry shows maximum Call open interest at 24,600, while the highest Put open interest is at 24,500.
- Nifty Options 11th Aug Expiry: Maximum Call open interest at 24,600 and Maximum Put open interest at 24,500.
Stock Market Live: Nifty Futures At 24,662, Premium Of 79 Points
- Nifty August futures were trading at a premium to the cash market ahead of the session, indicating the key index futures setup.
- Nifty Aug futures is up 0.03% to 24,662 at a premium of 79 points.
Stock Market Live: Gland Pharma Q1 Profit Jumps 47%
Gland Pharma reported higher revenue, EBITDA and net profit in the June quarter, with EBITDA margin also improving year on year.
Gland Pharma (Q1 FY27, Consolidated YoY)
- Revenue up 19.6% to Rs. 1,800 crore versus Rs. 1,506 crore.
- EBITDA up 32.8% to Rs. 489 crore versus Rs. 368 crore.
- EBITDA margin at 27.2% versus 24.4%.
- Net profit up 47% to Rs. 317 crore versus Rs. 216 crore.
Stock Market Live: Gland Pharma Gets Jefferies Upgrade, Target Raised To Rs 3,350
Jefferies upgraded Gland Pharma to Buy from Hold and raised its target price to Rs 3,350 from Rs 2,080, citing improving US growth and signs that key challenges are easing.
Jefferies
• Upgrade to Buy from Hold
• Target price raised to Rs 3350 from Rs 2080
• Delivered a strong beat vs estimate, driven by 32% YoY growth in key US market
• FY27 growth can potentially reach 15% (cc) from earlier guidance of 12-13%
• Signed one major CDMO contract and in-licensed a large total addressable market differentiated product
• Sees Cenexi breakeven, new contract wins and expansion into complex products
Stock Market Live: US Stock Futures Subdued After S&P 500 Ends Flat
S&P 500 futures traded marginally lower and Nasdaq-100 futures were near flat. Dow futures declined 37 points after the S&P 500 closed little changed on Monday amid uncertainty in the Middle East.
Stock Market Live: US-Iran Talks Remain Uncertain Over Strait Of Hormuz
- US President Donald Trump told Axios that Washington was “only semi-negotiating” with Tehran and could maintain pressure through its naval blockade instead of launching another round of airstrikes.
- Iran said it was working with Oman on an arrangement to facilitate shipping through the Strait of Hormuz. Iranian Foreign Minister Abbas Araghchi said direct talks could not resume unless Washington complied with the June agreement and compensated Tehran for alleged breaches, according to Tasnim News Agency.
Stock Market Live: Oil Prices Rise 5% As US-Iran Deal Hopes Weaken
- Crude oil prices rose about 5% on Monday as expectations of a near-term US-Iran agreement to reopen the Strait of Hormuz weakened.
- West Texas Intermediate settled near $82.13 a barrel, while Brent crude ended around $87.72.
Stock Market Live: Asian Markets Trade Mixed As Nikkei Extends Gains
- Japan’s Nikkei 225 rose 2.08%, while Australia’s ASX 200 gained 0.20%. South Korea’s Kospi declined 0.96% and China’s Shanghai Composite slipped 0.01%.
- Investors assessed developments in the Middle East and the outlook for shipping through the Strait of Hormuz after oil prices rose in the previous session.
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