Nifty 50 closed at 24,837 (-225.1, -0.9%), BSE Sensex closed at 81,463.09 (-721.1, -0.9%) while the broader Nifty 500 closed at 23,014.80 (-286.3, -1.2%). Market breadth is sharply down. Of the 2,467 stocks traded today, 448 were on the uptick, and 1,981 were down.
Indian indices closed lower amid FII selling and uncertainty over the US-India trade deal. The Indian volatility index, Nifty VIX, rose 5.2% and closed at 11.3 points. Bajaj Finance closed 4.8% lower after its Q1FY26 net interest income (NII) missed Forecaster estimates by 18.9% despite growing 22% YoY to Rs 10,227 crore.
Nifty Smallcap 100 and Nifty Midcap 100 closed lower. Nifty Media and Nifty Capital Markets were among the top index losers today. According to Trendlyne’s sector dashboard, Hardware Technology & Equipment emerged as the worst-performing sector of the day, with a fall of 2.6%.
Asian indices closed mixed. European indices are trading mixed. US index futures are trading higher as investors anticipate trade agreements with the European Union and China ahead of the August 1 deadline, following recent deals with Japan, Indonesia, and the Philippines. Brent crude futures are trading higher after rising 1% on Thursday.
Money flow index (MFI) indicates that stocks like Anand Rathi Wealth, Olectra Greentech, Godrej Agrovet, and Gujarat Mineral Development Corp are in the overbought zone.
Shriram Finance is falling sharply as its Q1FY26 net profit misses Forecaster estimates by 1.9% despite growing 6.8% YoY to Rs 2,159.4 crore. Revenue grows 20.1% YoY to Rs 11,542.4 crore during the quarter. It shows up in a screener of stocks with low Piotroski scores.
Intellect Design Arena's Q1FY26 net profit falls 30.2% QoQ to Rs 94.4 crore due to higher employee benefit expenses. Revenue declines 1.9% QoQ to Rs 734.3 crore, driven by lower contract wins. The firm appears in a screener of stocks where foreign institutional investors (FIIs) are increasing their shareholding.
Cipla is rising as its net profit grows 10.2% YoY to Rs 1,297.6 crore in Q1FY26, helped by inventory destocking. Revenue increases 3.9% YoY to Rs 6,957.5 crore, driven by higher sales from the pharmaceuticals and new ventures segments during the quarter. The company appears in a screener of stocks where mutual funds increased their shareholding in the past month.
Stakeholders from India’s dairy sector are urging the government to reduce GST on ghee and butter to 5% at the upcoming 56th GST Council meeting. RS Sodhi, President of the Indian Dairy Association (IDA), says the current 12% GST on ghee is impacting both the industry and public health. He adds that it squeezes margins for organized players, while untaxed, often adulterated, informal products continue to flourish.
Bharat Dynamics receives an order worth Rs 809 crore from Armoured Vehicles Nigam (AVNL) to supply anti-tank guided missiles.
Emkay Global initiates coverage on CESC with a ‘Buy’ rating and a target price of Rs 225. The brokerage expects the company's capacity expansion in renewable energy and electricity tariff hikes to boost cash flow. It projects a net profit CAGR of 11% over FY26–28.
MphasiS falls as its Q1FY26 net profit misses Forecaster estimates by 3.1% after falling 1.1% QoQ to Rs 441.7 crore due to higher employee benefits, finance and tax expenses. However, revenue grows 1.2% QoQ to Rs 3,813.4 crore, driven by improvements in the banking & financial services, technology, media & telecom, and insurance segments. It shows up in a screener of stocks with RSI indicating price weakness.
RBI Governor, Sanjay Malhotra notes that the February repo rate cut is beginning to reflect in lower loan interest rates, benefiting borrowers. He emphasizes that curbing inflation remains the RBI’s top priority. Malhotra also mentions that RBI regulations will be reviewed every 5–7 years to ensure they stay relevant, promote innovation, and uphold financial stability.
Redtape rises sharply after the India–UK FTA removes 10–12% export tariffs on textiles. The move puts Indian exporters at par with rivals like Bangladesh and Cambodia in the UK market.
Trident rises sharply as its net profit surges 89.8% YoY to Rs 140 crore in Q1FY26, helped by lower raw material costs and inventory destocking. However, revenue falls 2.1% YoY to Rs 1,706.9 crore due to weaker sales in the yarn, bedsheets and towel segments during the quarter. The company appears in a screener of stocks with improving book value per share over the past two years.
Indian Energy Exchange (IEX) rises sharply as its Q1FY26 net profit grows 25.2% YoY to Rs 120.7 crore, driven by lower finance costs and a deferred tax credit of Rs 5.4 crore. Revenue increases 19.2% YoY to Rs 184.2 crore, led by improvements in electricity volumes and renewable energy certificates (RECs) traded. It features in a screener of stocks with improving cash flow from operations over the past two years.
At ITC’s AGM, Chairman Sanjiv Puri announces plans to invest Rs 20,000 crore in the medium term to expand manufacturing across sectors. He notes challenges from weak external demand, import dumping, and inflation. Emphasizing strategic supply chain moves and value addition, he highlights that 65% of ITC’s revenue now comes from its non-cigarette businesses.
Cyient's Q1 net profit falls 9.7% QoQ to Rs 153.8 crore. Revenue declines 8.6% QoQ to Rs 1,781.5 crore, due to delays in project execution and higher marketing expenses. The company appears in a screener of stocks where mutual funds have increased their shareholding in the past month.
REC's Q1FY26 net profit grows 29.1% YoY to Rs 4,465.7, helped by a Rs 609.8 crore return from reversal of provisions. Revenue jumps 13.2% YoY to Rs 14,824 crore, helped by improvements in loan assets and disbursements. It appears in a screener of stocks with high trailing twelve-month (TTM) EPS growth.
GR Infraprojects secures an order worth Rs 290.2 crore from the State Highway Authority of Jharkhand to construct a 26.6 km bypass road.
- Sona BLW Precision Forgings falls over 2% after Rani Kapur, mother of the late businessman Sunjay Kapur, writes to the board requesting a postponement of the July 25 AGM. In her letter, she raises concerns regarding company governance, including issues related to document handling and family interests following her son's passing.
Hexaware Tech's Q2CY25 net profit rises 16.1% QoQ to Rs 379.9 crore. Revenue jumps 6.4% QoQ to Rs 3,420.7 crore, driven by strong growth in the financial services and travel & transportation segments. The company features in a screener of stocks where mutual funds have increased their shareholding over the past month.
Anant Raj is rising as its net profit grows 38.3% YoY to Rs 125.9 crore in Q1FY26, helped by lower finance costs. Revenue increases 25.6% YoY to Rs 592.4 crore, driven by new launches and strong demand during the quarter. The company appears in a screener of stocks outperforming their industry price change in the quarter.
Enviro Infra Engineers is rising as it secures an order worth Rs 221.2 crore from Bangalore Water Supply and Sewerage Board (BWSSB) to construct a sewage treatment plant.
Amar Kaul, MD & CEO of CG Power and Industrial Solutions highlights that Axiro Semiconductor acquisition has been completed by the company and he anticipates Axiro to generate revenue of Rs 400 crore in FY26. He believes that revenue growth momentum will be maintained in FY26 with margins coming in at 14-15% for the same period.
SBI Life Insurance is rising as its Q1FY26 net profit grows 14.4% YoY to Rs 594.4 crore, helped by lower provisions. Revenue increases 12.5% YoY to Rs 38,988.8 crore, led by improvements in premiums from the life insurance segment. It appears in a screener of stocks with increasing book value per share over the past two years.
KFIN Technologies is falling sharply as its Q1FY26 net profit misses Forecaster estimates by 3.7% despite growing 13.5% YoY to Rs 77.3 crore. Revenue rises 15.6% YoY to Rs 284.1 crore, driven by improvements in the domestic mutual fund investor solutions and issuer solutions segments. It shows up in a screener of stocks where promoters decrease their shareholding by more than 2% QoQ.
Phoenix Mills is rising as its net profit grows 3.5% YoY to Rs 240.7 crore in Q1FY26. Revenue increases 5.4% YoY to Rs 953 crore, driven by higher sales from the property services and hospitality segments during the quarter. The company appears in a screener of stocks where mutual funds have increased their shareholding in the past month.
Bajaj Finance falls sharply as its Q1FY26 net interest income (NII) misses Forecaster estimates by 18.9% despite growing 22% YoY to Rs 10,227 crore. Net profit jumps 20.1% YoY to Rs 4,699.6 crore. Revenue increases 21.3% YoY to Rs 19,527.7 crore, helped by improvements in new loans booked and assets under management (AUM). It features in a screener of stocks with increasing revenue for the past eight quarters.
Nifty 50 was trading at 24,934.50 (-127.6, -0.5%), BSE Sensex was trading at 82 065.76 (-118.4, -0.1%) while the broader Nifty 500 was trading at 23,185.55 (-115.6, -0.5%).
Market breadth is moving down. Of the 1,978 stocks traded today, 543 were on the uptrend, and 1,364 went down.
Riding High:
Largecap and midcap gainers today include Phoenix Mills Ltd. (1,525.90, 5.4%), Cipla Ltd. (1,532.50, 3%) and Torrent Pharmaceuticals Ltd. (3,603.80, 2.4%).
Downers:
Largecap and midcap losers today include APL Apollo Tubes Ltd. (1,543.10, -8.5%), Union Bank of India (136.22, -6.0%) and Bajaj Finance Ltd. (913.75, -4.7%).
Volume Shockers
27 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included Indian Energy Exchange Ltd. (145.02, 9.6%), Phoenix Mills Ltd. (1,525.90, 5.4%) and Home First Finance Company India Ltd. (1,479, 4.5%).
Top high volume losers on BSE were Intellect Design Arena Ltd. (1,036.40, -9.3%), APL Apollo Tubes Ltd. (1,543.10, -8.5%) and Grindwell Norton Ltd. (1,643.10, -6.7%).
Trident Ltd. (31.49, -0.1%) was trading at 17.6 times of weekly average. Metro Brands Ltd. (1,217.60, 1.0%) and eClerx Services Ltd. (3,646.80, -0.3%) were trading with volumes 16.7 and 14.6 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
7 stocks overperformed with 52 week highs, while 2 stocks tanked below their 52 week lows.
Stocks touching their year highs included - eClerx Services Ltd. (3,646.80, -0.3%), ICICI Bank Ltd. (1,477.10, -0.4%) and Torrent Pharmaceuticals Ltd. (3,603.80, 2.4%).
Stocks making new 52 weeks lows included - Colgate-Palmolive (India) Ltd. (2,215.90, -1.9%) and Tejas Networks Ltd. (601.30, -3.3%).
7 stocks climbed above their 200 day SMA including Cipla Ltd. (1,532.50, 3%) and Supreme Industries Ltd. (4,311.70, 1.6%). 33 stocks slipped below their 200 SMA including APL Apollo Tubes Ltd. (1,543.10, -8.5%) and Latent View Analytics Ltd. (412.65, -4.0%).