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Trendlyne Marketwatch
21 Jul 2025
Market closes higher, JSW Steel's Q1FY26 revenue misses Forecaster estimates by 1.7%
By Trendlyne Analysis

 

Nifty 50 closed at 25,090.70 (122.3, 0.5%), BSE Sensex closed at 82,200.34 (442.6, 0.5%) while the broader Nifty 500 closed at 23,378.45 (103.3, 0.4%). Market breadth is in the red. Of the 2,505 stocks traded today, 1,114 were in the positive territory and 1,341 were negative.

Indian indices closed higher after extending gains in the afternoon session. The Indian volatility index, Nifty VIX, fell 1.7% and closed at 11.2 points. HDFC Bank closed in the green as its Q1FY26 net profit grew 12.2% YoY to Rs 18,155.2 crore. Revenue jumped 6.1% YoY to Rs 77,470.2 crore.

Nifty Smallcap 100 closed flat, while Nifty Midcap 100 closed in the green, tracking the benchmark index. Nifty Financial Services and BSE Capital Goods were among the best-performing indices of the day. According to Trendlyne’s sector dashboard, Fertilizers emerged as the best-performing sector of the day, with a rise of 1.4%.

European indices are trading lower, except Russia’s RSTI and MOEX indices, which are trading 1.3% higher each. Major Asian indices closed in the green, except Australia’s S&P ASX 200 and Japan’s Nikkei 225 indices, which closed 1% and 0.2% in the red, respectively. US index futures are trading higher, indicating a positive start to the session, despite reports that President Donald Trump plans to impose a minimum tariff of 15-20% above the baseline rate of 10% on the European Union.

  • Money flow index (MFI) indicates that stocks like Syrma SGS Technology, Balkrishna Industries, Anand Rathi Wealth, and DCM Shriram are in the overbought zone.

  • Waaree Renewable Technologies falls sharply after a report says US solar manufacturers have petitioned for tariffs on panel imports from India, Indonesia, and Laos. The petition alleges these countries export at below-cost prices with unfair subsidies.

  • JSW Steel is falling as its Q1FY26 revenue misses Forecaster estimates by 1.7% despite growing 0.9% YoY to Rs 43,497 crore. Net profit surges 158.5% YoY to Rs 2,184 crore, led by inventory destocking and lower raw materials, and mining premium expenses. It shows up in a screener of stocks with increasing trend in non-core income.

  • Bajaj Consumer's board of directors schedules a meeting on July 24 to consider a proposal for a buyback of equity shares.

  • GMR Airports is reportedly looking to raise Rs 4,000–6,000 crore to refinance its existing debt. The company is working with investment bank Morgan Stanley to secure fresh funding, which will be used to repay higher-cost borrowings. GMR Airports is expected to tap mutual funds for a significant portion of the new debt.

  • Titagarh Rail is rising as it secures an order worth Rs 312.6 crore from the Ministry of Railways to manufacture and supply 780 BVCM-C wagons.

  • IndiaMART InterMESH's Q1FY26 net profit grows 34.6% YoY to Rs 153.5 crore owing to lower finance and depreciation & amortisation expenses. Revenue rises 20.8% YoY to Rs 464.5 crore, driven by improvements in the web & related services and accounting software services segments. It features in a screener of stocks with high trailing twelve-month (TTM) EPS growth.

  • Mastek's Q1FY26 net profit rises 13.5% QoQ to Rs 92.1 crore as last quarter had an exceptional loss of Rs 8.1 crore. Revenue increases 1% QoQ to Rs 914.7 crore, driven by higher sales from operations in the UK and Europe. The company appears in a screener of stocks where mutual funds increased their shareholding in the past two months.

  • Kotak Securities expects Infosys to post a 1.6% QoQ revenue growth in Q1FY26, supported by increased billing days and sustained momentum in the financial services segment. EBIT margins are expected to remain stable both QoQ and YoY.

  • AU Small Finance Bank falls sharply as its Q1FY26 gross and net NPAs grow 169 bps and 25 bps YoY, respectively. However, the bank's net profit grows 15.6% YoY to Rs 580.9 crore. Revenue jumps 20.3% YoY, led by improvements in the treasury operations, retail and corporate banking segments.

  • Tilaknagar Industries is rising as its board schedules a meeting on July 23 to consider raising funds through a rights issue, Qualified Institutions Placement (QIP), or other methods.

  • Vijay Kedia sells a 1% stake in Precision Camshafts in Q1FY26. He now holds a 1.1% stake in the company.

  • BSE gains over 3% following reports that SEBI has officially lifted restrictions on Jane Street’s access to Indian securities markets. The clearance came after Jane Street complied with SEBI’s directive to deposit Rs 4,844 crore in alleged “unlawful gains” into an escrow account by the July 14 deadline. Despite the approval, exchanges are expected to closely monitor the firm's market activities.

  • B L Kashyap & Sons rises as it secures an order worth Rs 157.2 crore from Embassy Manyata business park promoters in Bengaluru to construct an office building.

  • Ircon International is rising as it secures an order worth Rs 1,113 crore from the Mumbai Metro Authority. The project involves the design and commissioning of power supply and traction systems for Metro lines 5 and 6.

  • Anthem Biosciences’ shares debut on the bourses at a 26.9% premium to the issue price of Rs 570. The Rs 3,395 crore IPO received bids for 63.9 times the total shares on offer.

  • Jeet Adani, Director of the Adani Airports Division, states that the Adani Group will invest Rs 96,000 crore in its airport operations over the next five years, focusing heavily on infrastructure enhancements and real estate development. A significant portion of this investment will go toward the Navi Mumbai and Mumbai airport projects, reinforcing the group's commitment to expanding its domestic aviation footprint.

  • Sona BLW is rising as it signs a joint venture (JV) with Chinese company Jinnaite Machinery (JNT). The JV will manufacture and supply driveline systems and components to automotive original equipment manufacturers (OEMs) in China and globally. Sona BLW will invest $12 million, while JNT will contribute $8 million in assets and business to the joint venture in the first phase.

  • Bandhan Bank is falling as its net profit plunges 65% YoY to Rs 372 crore in Q1FY26 due to rise in provisions and contingencies. However, revenue increases 2.3% YoY to Rs 5,475.6 crore, driven by improvements in the treasury, retail and wholesale banking segments during the quarter. The bank's asset quality deteriorate as its gross and net NPAs expands by 73 bps and 21 bps YoY, respectively.

  • Reliance Power's Q1FY26 revenue falls 5.3% YoY to Rs 1,885.5 crore due to lower revenue realisation from power sales. The company reported a net profit of Rs 44.7 crore, compared to a loss in the same quarter last year, driven by lower interest expense. The company appears in a screener of stocks where foreign institutional investors (FIIs) are increasing their stake.

  • Arun Misra, CEO & Whole-Time Director of Hindustan Zinc, cites tariff uncertainty and weak Chinese demand as key pressures on zinc prices, which he expects to stay around $2,650–2,850/tonne. He forecasts silver prices to reach $41–42/oz by February 2026. The company will outline plans to scale up to 2 MT capacity by September and is exploring rare earth mineral blocks, with revenue anticipated in 4–5 years.

  • Union Bank of India is falling as its Q1FY26 net profit misses Forecaster estimates by 5.3% despite growing 21.6% YoY to Rs 4,427.9 crore, driven by a 39.6% decrease in provisions. Revenue grows 3.3% YoY to Rs 32,343.9 crore, helped by improvements in the treasury operations and retail banking segments. The bank's asset quality improves as its gross and net NPAs decline 102 bps and 28 bps YoY, respectively.

  • Reliance Industries' Q1FY26 net profit grows 78.3% YoY to Rs 26,994 crore, led by lower raw materials costs. Revenue jumps 9.7% YoY to Rs 2.6 lakh crore, driven by improvements in the retail and digital services segments. It features in a screener of stocks with increasing profits for the past four quarters.

  • ICICI Bank is rising as its net profit grows 15.5% YoY to Rs 12,768.2 crore in Q1FY26. Revenue increases 10.1% YoY to Rs 42,946.9 crore, driven by improvements in the treasury and wholesale banking segments during the quarter. The bank's asset quality improves as its gross and net NPAs declines by 48 bps and 2 bps YoY, respectively.

  • HDFC Bank's Q1FY26 net profit rises 12.2% YoY to Rs 18,155.2 crore. Revenue increases 6.1% YoY to Rs 77,470.2 crore, driven by improvements in the treasury and wholesale banking segments during the quarter. The bank's asset quality deteriorates as its gross and net NPAs expands by 7 bps and 8 bps YoY, respectively.

  • Nifty 50 was trading at 24,956.45 (-12.0, -0.1%), BSE Sensex was trading at 81,892.62 (134.9, 0.2%) while the broader Nifty 500 was trading at 23,248.05 (-27.1, -0.1%).

  • Market breadth is horizontal. Of the 2,060 stocks traded today, 968 were in the positive territory and 1,000 were negative.

Riding High:

Largecap and midcap gainers today include Eternal Ltd. (271.70, 5.6%), Persistent Systems Ltd. (5,779, 4.2%) and UPL Ltd. (713.75, 3.9%).

Downers:

Largecap and midcap losers today include Au Small Finance Bank Ltd. (752.90, -5.3%), Reliance Industries Ltd. (1,428.60, -3.2%) and Union Bank of India (142.64, -2.6%).

Volume Shockers

18 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included Mastek Ltd. (2,669.80, 7.1%), KIOCL Ltd. (306.50, 5.4%) and Jyoti CNC Automation Ltd. (1,075.20, 5.3%).

Top high volume losers on BSE were Au Small Finance Bank Ltd. (752.90, -5.3%), Latent View Analytics Ltd. (432.45, -1.7%) and India Cements Ltd. (343.45, -1.1%).

Tata Investment Corporation Ltd. (6,759.50, 3.3%) was trading at 27.7 times of weekly average. Hatsun Agro Products Ltd. (973.25, 2.6%) and MMTC Ltd. (70.68, 3.8%) were trading with volumes 20.7 and 8.9 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

13 stocks hit their 52 week highs,

Stocks touching their year highs included - EID Parry (India) Ltd. (1,162.10, 0.9%), L&T Finance Ltd. (210.58, 3.7%) and Muthoot Finance Ltd. (2683.20, 0.9%).

12 stocks climbed above their 200 day SMA including Mastek Ltd. (2,669.80, 7.1%) and KIOCL Ltd. (306.50, 5.4%). 18 stocks slipped below their 200 SMA including Mangalore Refinery And Petrochemicals Ltd. (139.15, -6.7%) and Clean Science & Technology Ltd. (1,276.10, -3.2%).

 
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