Indian equity benchmarks, the Sensex and Nifty 50, ended Wednesday's session on a strong note, led by gains in IT and metal stocks.
Investors will now turn their attention to the US Federal Reserve's policy decision, due later in the day.
The NSE Nifty 50 gained 1.1% to close near 24,250, while the BSE Sensex advanced over 800 points, or 1.1%, to settle above 77,600.
Meanwhile, Asian markets ended on a mixed note. Hong Kong's Hang Seng surged 1.96%, while Singapore's Straits Times Index gained 1.73%.
Australia's ASX 200 rose 1.01%, New Zealand's NZX 50 advanced 0.83%, and China's Shanghai Composite and Shenzhen Component added 0.4% and 1.1%, respectively.
On the downside, Taiwan's weighted index slumped 3.76%, South Korea's Kospi tumbled 5.98%, Japan's Nikkei 225 declined 1.49%, and Thailand's SET Index slipped 1.21%.
Markets remained on edge after reports that US forces launched fresh strikes overnight against a military facility in Iran that officials believed posed a threat to American personnel and commercial shipping in the Strait of Hormuz.
MS NOW reported citing an US official as saying that American forces targeted an Iranian military facility overnight that was believed to threaten US troops and merchant vessels operating near the Strait of Hormuz.
The renewed escalation overshadowed the positive start seen in some regional markets as investors reassessed geopolitical risks alongside the outlook for inflation, energy prices and global monetary policy.
U.S. equity futures pointed to a cautious start. Futures linked to the Dow Jones Industrial Average gained 49 points, or about 0.1%, while S&P 500 futures and Nasdaq-100 futures both edged up by less than 0.1%.
Investors are expected to keep a close watch on developments in the Middle East, signals from the Federal Reserve and movements in oil prices, with geopolitical risks continuing to drive trading sentiment across global markets.
Stock Market Highlights: Nifty Ends Above 24,250, Sensex Gains Over 800 Points
- Indian equity benchmarks ended Wednesday’s session higher, led by gains in IT and metal stocks.
- The Nifty 50 rose 1.1% to close above 24,250, while the Sensex gained more than 800 points, or 1.1%, to settle above 77,600. Investors now await the US Federal Reserve’s policy decision due later in the day.
Stock Market Live: J&K Bank Q1 Profit Falls 12.6% Despite Improvement In Asset Quality
- J&K Bank reported a Q1 net profit of Rs 424 crore, down 12.6% from Rs 485 crore in the year-ago period.
- Net interest income (NII) increased 2.2% year-on-year to Rs 1,497 crore from Rs 1,465 crore.
- Asset quality improved, with Gross NPA declining to 2.37% from 2.50% in the previous quarter and Net NPA falling to 0.60% from 0.64%.
- Provisions rose to Rs 84 crore, compared with Rs 15 crore a year ago and Rs 50 crore in the preceding quarter.
- Operating profit stood at Rs 703 crore, up 4.5% year-on-year but down 22.8% from the previous quarter.
- The bank reported a Net Interest Margin (NIM) of 3.28% for the quarter.
Stock Market Live: BlackBuck Q1 Net Profit Rises 25.2% To Rs 42.2 Crore
- BlackBuck reported a consolidated net profit of Rs 42.2 crore in Q1, up 25.2% from Rs 33.7 crore in the year-ago period.
- Revenue increased 42% year-on-year to Rs 204.1 crore from Rs 143.6 crore.
- EBITDA rose 22.5% to Rs 49.5 crore from Rs 40.4 crore.
- EBITDA margin stood at 24.3%, compared with 28.1% in the corresponding quarter last year.
Stock Market Live: Vintage Coffee Q1 Net Profit Rises 46% To Rs 20.8 Crore
- Vintage Coffee reported a consolidated net profit of Rs 20.8 crore in Q1, up 46% from Rs 14.2 crore a year earlier.
- Revenue increased 58.5% year-on-year to Rs 161 crore from Rs 101.6 crore.
- EBITDA rose 75.2% to Rs 31.6 crore from Rs 18 crore, while EBITDA margin expanded to 19.6% from 17.7% in the year-ago period.
Stock Market Live: MAS Financial Q1 Net Profit Rises 26.8% To Rs 108 Crore
- MAS Financial Services reported a consolidated net profit of Rs 108 crore in Q1, up 26.8% from Rs 85.6 crore in the year-ago period.
- Total income increased 20.6% year-on-year to Rs 562 crore from Rs 466 crore.
- The company reported growth in both income and profitability during the June quarter compared with the corresponding period last year.
Stock Market Live: M&M To Integrate Leadership Of Bus Business And SML Isuzu
- Mahindra & Mahindra said it plans to create a common leadership structure for its bus business and SML Isuzu.
- The company said SML's financials will initially be impacted by the integration of the bus business.
- M&M also said it plans to launch electric commercial vehicles going forward.
- The company added that the sale of its bus business will be earnings-per-share accretive for SML Isuzu.
Stock Market Live: Tata Chemicals Says Kenya Orders Suspension Of Operations At Subsidiary
- Tata Chemicals said the Kenyan government has directed the stoppage of operations at its Kenya-based subsidiary, according to an exchange filing.
- The authorities have also ordered the suspension of soda ash exports from the subsidiary.
- The company disclosed the development through a regulatory filing and is assessing the impact of the directive.
Stock Market Live: S H Kelkar Expects FY27 Revenue To Exceed Rs 2,500 Crore
- S H Kelkar told NDTV Profit that its focus remains on improving EBITDA and EBITDA margins.
- The company said it has a diversified customer portfolio and expects a strong contribution from European markets.
- S H Kelkar operates a facility in the Netherlands to serve its international business.
- Management said it expects revenue to exceed Rs 2,500 crore in FY27.
- India has become the world's second-largest supplier of seafarers, contributing 311,936 personnel, or 12.16% of the global seafaring workforce, according to the BIMCO-ICS Seafarer Workforce Report 2026.
- The country has overtaken China and now ranks behind only the Philippines in terms of seafarer supply.
- The report highlights India's growing presence in the global maritime workforce across merchant shipping operations.
Stock Market Live: M&M Plans Common Leadership For SML Mahindra, Truck And Bus Arm
Mahindra & Mahindra said it plans to create a common leadership team for SML Mahindra and its Truck and Bus Division. The division could weigh on SML Mahindra’s financials initially, while the sale is expected to add to its earnings per share.
The company also plans to launch electric commercial vehicles.
Stock Market Live: Garden Reach Shipbuilders Q1 Profit Rises 44.2%
- Garden Reach Shipbuilders’ net profit rose 44.2% year-on-year to Rs 173 crore. Revenue increased 38.5% to Rs 1,815 crore.
- EBITDA grew 32.4% to Rs 149 crore, while the margin narrowed to 8.2% from 8.6%. Other income rose to Rs 100 crore from Rs 72.5 crore.
Stock Market Live: European Markets Open Mixed
- The pan-European Stoxx 600 fell 0.26%, while Germany’s DAX declined 0.18% and France’s CAC 40 dropped 0.44%.
- The UK’s FTSE 100 rose 0.11%.
Stock Market Live: SML Mahindra Hits 20% Upper Circuit On Truck And Bus Deal
- SML Mahindra shares hit the 20% upper circuit after Mahindra & Mahindra agreed to transfer its Truck and Bus Division to the company for Rs 525 crore. Mahindra & Mahindra shares fell about 1.6% in afternoon trade.
- The slump-sale transaction is expected to close by January 31, 2027, subject to regulatory approvals. Mahindra & Mahindra will continue to manufacture Mahindra-branded trucks and buses under a contract manufacturing arrangement.
Stock Market Live: Asian Markets End Mixed, Kospi Falls Nearly 6%
- South Korea’s Kospi fell 5.98%, while Japan’s Nikkei 225 declined 1.49%.
- Hong Kong’s Hang Seng rose 1.96%, Australia’s ASX 200 gained 1.01% and China’s Shanghai Composite advanced 0.40%.
Stock Market Live: What's Fueling Fresh Interest in Himadri Specialty Chemical?
The company is betting on multiple growth engines that could reshape its business over the next few years. Here's what investors should watch.
Stock Market Live: SML Mahindra Board Approves Acquisition Of Mahindra Truck And Bus Division
- SML Mahindra will acquire Mahindra Truck and Bus Division from Mahindra & Mahindra on a slump-sale basis. The transaction is expected to be completed during FY27.
- The acquisition will combine the group’s truck and bus operations under one company, covering light, intermediate and heavy commercial vehicles and buses. Mahindra & Mahindra will continue manufacturing Mahindra-branded trucks and buses under a contract arrangement.
Stock Market Live: V-Guard Q1 Net Profit Rises 75% on Revenue and Margin Expansion
- V-Guard Industries reported a consolidated net profit of Rs 130 crore in Q1, up 75.7% from Rs 74 crore in the same quarter last year. Revenue grew 23.5% year-on-year to Rs 1,811 crore, against Rs 1,466 crore in Q1 of the previous year.
- EBITDA rose 55.2% to Rs 192 crore from Rs 124 crore, with EBITDA margins expanding to 10.6% from 8.4% a year ago.
Stock Market Live: Meghmani Organics Q1 Net Profit Nearly Four Times Higher as Margins Expand Sharply
- Meghmani Organics reported a consolidated net profit of Rs 48.2 crore in Q1, compared to Rs 12.7 crore in the same quarter last year. Revenue, however, declined 11.5% year-on-year to Rs 543 crore, against Rs 614 crore in Q1 of the previous year.
- EBITDA rose 46.4% to Rs 97.9 crore from Rs 66.9 crore, with EBITDA margins expanding to 18% from 10.9% a year ago.
Stock Market Live: Vinati Organics Q1 Net Profit Falls 12% Despite Revenue Growth
- Vinati Organics reported a consolidated net profit of Rs 109 crore in Q1, down 12.1% from Rs 124 crore in the same quarter last year. Revenue grew 15.2% year-on-year to Rs 696 crore, against Rs 604 crore in Q1 of the previous year.
- EBITDA remained flat year-on-year at Rs 170 crore, with margins contracting to 24.5% from 28.2% a year ago.
- Other income declined to Rs 9 crore from Rs 20.4 crore in the same quarter last year.
Stock Market Live: KPIT Tech Q1 Net Profit Falls 28% QoQ as Margins Contract
- KPIT Technologies reported a consolidated net profit of Rs 117 crore in Q1, down 28.1% from Rs 163 crore in the previous quarter. Revenue declined 2.1% sequentially to Rs 1,675 crore, against Rs 1,711 crore in Q4.
- EBITDA fell 15.7% quarter-on-quarter to Rs 272 crore from Rs 322 crore, with EBITDA margins contracting to 16.2% from 18.8% in the previous quarter.
- Among geographies, US revenue grew 12% sequentially to Rs 514 crore, while UK and Europe revenue was flat at Rs 884 crore. Rest of World revenue declined 10% QoQ to Rs 789 crore.
Stock Market Live: India Added 1.35 Lakh IT Jobs in FY26, Total Workforce Stands at 60 Lakh
- The government has told Parliament that India's IT sector added 1.35 lakh jobs in FY26, taking the total workforce to 60 lakh. MeitY said the industry remains a net job creator despite concerns over automation.
- NITI Aayog has flagged that AI is likely to reduce routine IT roles, with junior quality assurance and Level-1 support positions facing disruption. The government, however, said AI is also generating new technology roles.
- NASSCOM has attributed job shifts in the sector to business cycles rather than structural decline.
Stock Market Live: Eris Life Q1 Net Profit Rises 20.7% as Revenue Grows 13%
- Eris Life reported a consolidated net profit of Rs 142 crore in Q1, up 20.7% from Rs 118 crore in the same quarter last year. Revenue grew 13% year-on-year to Rs 873 crore, against Rs 773 crore in Q1 of the previous year.
- EBITDA rose 7.1% to Rs 296 crore from Rs 277 crore, though EBITDA margins narrowed to 33.9% from 35.8% a year ago.
Stock Market Live: Eris Life Q1 Net Profit Rises 20.7% as Revenue Grows 13%
- Eris Life reported a consolidated net profit of Rs 142 crore in Q1, up 20.7% from Rs 118 crore in the same quarter last year. Revenue grew 13% year-on-year to Rs 873 crore, against Rs 773 crore in Q1 of the previous year.
- EBITDA rose 7.1% to Rs 296 crore from Rs 277 crore, though EBITDA margins narrowed to 33.9% from 35.8% a year ago.
Stock Market Live: Micron and Sahasra Manufacturing Memory Chips in India Under Semiconductor Mission
- The government has told Parliament that two companies under the India Semiconductor Mission are producing memory chips in India. Micron is manufacturing DRAM, NAND Flash, and SSDs, while Sahasra is producing NAND Flash memory.
- Memory chip prices are firming up globally, driven by rising demand for AI servers and data centres, which are tightening chip supplies worldwide.
- The government confirmed that memory chips are covered under the India Semiconductor Mission, which oversees the country's broader push into domestic semiconductor manufacturing.
Stock Market Live: MeitY Says 237 Users Approved for Subsidised GPU Access Under IndiaAI Compute Portal
- The Ministry of Electronics and Information Technology has told Parliament that 237 users have been approved for subsidised GPU access under the IndiaAI Compute Portal, with 93.18 lakh GPU hours sanctioned across startups, MSMEs, academic institutions, and government bodies. Fifteen compute providers have been empanelled under the IndiaAI Mission so far.
- A 1.1 EFLOPS AI supercomputer is being set up at the National Informatics Centre's data centre in Delhi. The government is also reviewing the application process to improve access for smaller startups.
- MeitY clarified in its parliamentary reply that the Vizag AI Hub receives no central funding and remains a private investment. No plan has been announced to require private AI firms to reserve compute capacity for public research.
Stock Market Live: Hawkins Cookers Q1 Net Profit Rises 17% on 33% Revenue Growth
- Hawkins Cookers reported a net profit of Rs 30.4 crore in Q1, up 17.4% from Rs 25.9 crore in the same quarter last year. Revenue grew 33% year-on-year to Rs 318 crore, against Rs 239 crore in Q1 of the previous year.
- EBITDA rose 22% to Rs 42.7 crore from Rs 35 crore, though EBITDA margins edged lower to 13.4% from 14.6% a year ago.
Stock Market Live: Shanthi Gears Q1 Net Profit Falls 56% as Revenue and Margins Decline
- Shanthi Gears reported a net profit of Rs 9.9 crore in Q1, down 56% from Rs 22.7 crore in the same quarter last year. Revenue declined 14% year-on-year to Rs 115.4 crore, against Rs 135 crore in Q1 of the previous year.
- EBITDA fell 46% to Rs 16.7 crore from Rs 30.7 crore, with EBITDA margins contracting sharply to 14.5% from 22.7% a year ago.
Stock Market Live: P&G Hygiene Q1 Net Profit Falls 34% as Revenue and Margins Decline
- P&G Hygiene reported a net profit of Rs 126 crore in Q1, down 34.3% from Rs 192 crore in the same quarter last year. Revenue declined 4.9% year-on-year to Rs 892 crore, against Rs 937 crore in Q1 of the previous year.
- EBITDA fell 36.1% to Rs 170 crore from Rs 266 crore, with EBITDA margins contracting to 19.1% from 28.4% a year ago.
- Tax expense declined to Rs 43.4 crore from Rs 72.6 crore in the same quarter last year.
Stock Market Live: Russia Charges Telegram Founder Pavel Durov With Facilitating Terrorist Activities: Report
Russia's Federal Security Service (FSB) has filed charges against Telegram founder Pavel Durov for allegedly facilitating terrorist activities, and has issued an international arrest warrant for him, according to a Reuters report. The FSB said the charges stem from Telegram's failure to remove content that Russian authorities claim was used by Ukrainian intelligence services and extremist organisations to plan and coordinate acts of sabotage, terrorism, and cyber fraud on Russian soil, the report said.
Stock Market Live: Craftsman Automation Q1 Net Profit More Than Doubles As Revenue and Margins Expand
- Craftsman Automation reported a consolidated net profit of Rs 151 crore in Q1, compared to Rs 70 crore in the same quarter last year. The prior year figure included a one-time loss of Rs 8.2 crore.
- Revenue grew 36.3% year-on-year to Rs 2,432 crore, against Rs 1,784 crore in Q1 of the previous year. Other income rose to Rs 23 crore from Rs 5 crore YoY.
- EBITDA increased 44.9% to Rs 384 crore from Rs 265 crore, with EBITDA margins widening to 15.8% from 14.9% a year ago.
Stock Market Live: Craftsman Automation Q1 Net Profit More Than Doubles as Revenue and Margins Expand
- Craftsman Automation reported a consolidated net profit of Rs 151 crore in Q1, compared to Rs 70 crore in the same quarter last year. The prior year figure included a one-time loss of Rs 8.2 crore.
- Revenue grew 36.3% year-on-year to Rs 2,432 crore, against Rs 1,784 crore in Q1 of the previous year. Other income rose to Rs 23 crore from Rs 5 crore YoY.
- EBITDA increased 44.9% to Rs 384 crore from Rs 265 crore, with EBITDA margins widening to 15.8% from 14.9% a year ago.
Stock Market Live: Adani Ports Q1 Net Profit Rises 9.2% as Revenue Grows 18.6%
- Adani Ports reported a consolidated net profit of Rs 3,620 crore in Q1, up 9.2% from Rs 3,314 crore in the same quarter last year. Revenue grew 18.6% year-on-year to Rs 10,821 crore, against Rs 9,126 crore in Q1 of the previous year.
- EBITDA rose 19% to Rs 6,541 crore from Rs 5,495 crore, with margins holding steady at 60.4% versus 60.2% a year ago.
- Other income rose to Rs 853 crore from Rs 296 crore in the same quarter last year.
Stock Market Live: 5paisa Capital Says Giskard Acquisition to Close Via Share Swap Within 10–12 Weeks
- 5paisa Capital has told NDTV Profit that its acquisition of Giskard will be completed through a share swap, with all regulatory approvals expected within 10 to 12 weeks.
- The company said the Giskard acquisition marks the start of a new growth phase, and that it is building artificial intelligence capabilities at scale. 5paisa Capital also stated it is among the first broking companies in India to incorporate AI into its operations.
Stock Market Live: 1.05 Million ICICI Bank Shares Change Hands in Block Trade
Over 1.05 million shares of ICICI Bank were traded in a block deal, according to Bloomberg data. The identities of the buyer and seller were not immediately known.
Stock Market Live: Grasim Industries Board to Meet on 12 August to Consider Q1 Results
Grasim Industries has informed the stock exchanges that its board will meet on 12 August to consider the company's earnings for the first quarter.
Stock Market Live: BHEL Secures Largest-Ever Gas Turbine Order From Nigeria's Dangote Group
- Bharat Heavy Electricals Ltd has won an order from Dangote Petroleum Refinery and Petrochemicals Free Zone Enterprise in Nigeria for the supply and supervision of erection and commissioning of eight gas turbine generator packages.
- The order is BHEL's largest-ever single order for gas turbine generator packages in terms of both quantity and value. The equipment will be manufactured at BHEL's facilities in Hyderabad and Bengaluru.
- Dangote Group is one of Africa's largest business conglomerates, with interests across oil refining, petrochemicals, fertilisers, and cement, among other sectors.
Stock Market Live: Colgate Q1 Profit Rises 7%; Margin Narrows
Colgate-Palmolive India reported a 7% rise in net profit to Rs 343 crore, broadly in line with the estimate of Rs 344 crore.
- Revenue rose 11.8% to Rs 1,603 crore, above the estimate of Rs 1,565 crore.
- EBITDA increased 6.7% to Rs 483 crore, compared with the estimate of Rs 481 crore.
- EBITDA margin narrowed to 30.1% from 31.6% a year earlier and was below the estimate of 30.7%.
- The company said it is focusing on cost savings amid price volatility.
Stock Market Live: Devyani International Q1 Profit Rises To Rs 14.6 Crore
- Devyani International’s consolidated net profit rose to Rs 14.6 crore from Rs 3.7 crore a year earlier. Revenue increased 16.5% to Rs 1,581 crore.
- EBITDA rose to Rs 29 crore from Rs 12 crore, while the margin widened to 1.8% from 0.9%. Other income increased to Rs 19.2 crore from Rs 13.5 crore.
Stock Market Live: Tata Capital Expects Volumes To Improve From H2 FY27
- Tata Capital told NDTV Profit that its brand and expansion into new locations were helping widen its customer base. The company said inflation remained under control.
- Tata Capital said it was using artificial intelligence across its businesses and had exposure to a range of manufacturers. It expects volumes to improve from the second half of FY27.
Stock Market Live: Derivatives Dashboard Reflects Mixed Positioning Across Markets
The current derivatives setup shows:
- Nifty support: 24,200
- Nifty resistance: 25,000
- Bank Nifty support: 57,000
- Bank Nifty resistance: 58,000
- Accumulation in stocks such as Glenmark and Kaynes Technology
- Long liquidation in Hyundai and Titan
- Short covering in HDFC Bank and Bharti Airtel
- Fresh shorts in Phoenix Mills and Motherson
Stock Market Live: Derivatives Snapshot Shows Broad Stock Participation
Fresh long positions were seen in stocks including Glenmark, Oberoi Realty and Coforge, while long liquidation appeared in Hyundai and Titan. Short covering emerged in HDFC Bank and Bharti Airtel, whereas fresh shorts were visible in Phoenix Mills, ABB and Motherson.
Stock Market Live: Resistance Remains Layered Above Nifty
Call open interest continues to be distributed across several higher strikes.
Key resistance levels include:
- 24,500
- 24,600
- 24,700
- 25,000
This layered positioning reflects sustained Call writing above the market.
Stock Market Live: Options Chain Shows Multiple Support Levels Below Nifty
Apart from 24,200, notable Put open interest is concentrated at:
- 24,100
- 24,000
- 23,800
- 23,500
The spread of Put positions creates multiple support zones beneath the index.
Stock Market Live: Put Writing Outpaces Call Writing In Nifty
Fresh Put additions at the 24,200 strike exceeded fresh Call additions at nearby strikes during today's session.
The positioning shows traders added downside support more aggressively than overhead resistance around the current market zone.
Stock Market Live: Bank Nifty Derivatives Positioning Centres Around 57,000
The strongest derivatives activity in Bank Nifty remains concentrated near the 57,000 strike.
Large additions in both Calls and Puts around this level indicate it has become the key reference point for traders in the current weekly series.
Stock Market Live: Nifty Options Activity Remains Concentrated Near At-The-Money Strikes
The highest additions in both Call and Put open interest were recorded around the 24,200 strike.
This suggests traders remain focused on strikes close to the current market level rather than building positions at far out-of-the-money levels.
Stock Market Live: Banking Derivatives Activity Extends Beyond The Indices
Apart from Bank Nifty, several banking stocks registered notable derivatives activity.
Key names include:
- Axis Bank
- Bandhan Bank
- HDFC Bank
- Kotak Mahindra Bank
- IndusInd Bank
- RBL Bank
- Yes Bank
Stock Market Live: Technology Stocks Display Mixed Futures Trends
Technology counters were split across different derivatives trends.
Accumulation was visible in:
- OFSS
- Coforge
Long liquidation appeared in:
- KFin Technologies
Stock Market Live: Pharma Counters Show Stock-Specific Positioning
Pharma stocks recorded varied derivatives activity.
Fresh long positions were seen in:
- Glenmark
- Laurus Labs
Fresh shorts appeared in:
- Dr Reddy's Laboratories
Stock Market Live: Financial Stocks Witness Mixed Derivatives Activity
Financial stocks were spread across multiple derivatives trends.
- HDFC Bank and Kotak Mahindra Bank featured in short covering.
- Axis Bank recorded strong growth in overall open interest since the last expiry.
- Bandhan Bank posted one of the highest increases in total open interest.
- Manappuram featured in the accumulation list.
Stock Market Live: Auto Stocks Show Diverging Derivatives Trends
Auto counters displayed mixed positioning in derivatives.
Accumulation was seen in:
- Hero MotoCorp
Long liquidation appeared in:
- Hyundai
Fresh shorts emerged in:
- Motherson
Stock Market Live: ABB And Power Grid Enter Fresh Shorts List
Fresh short positions were also visible in:
- ABB
- Power Grid
Stock Market Live: Motherson Sees Fresh Short Positions
Motherson featured among stocks witnessing fresh short build-up.
The derivatives trend showed:
- Price declined 2.83%
- Open interest increased 16.67%
Stock Market Live: Coca-Cola CEO Calls India a Long-Term Growth Market, Flags Opportunities in Affordability and Premiumisation
- Coca-Cola CEO Henrique Braun described India as an attractive market during the company's Q2 2026 earnings call, stating the company plans to continue investing in the country. India is the fifth-largest market for Coca-Cola globally by volume, and the company holds seven of the top ten beverage brands in the country.
- Coca-Cola's global unit case volume grew 5% in Q2 2026, with India among the markets that contributed to the increase. However, the company noted a decline in the non-alcoholic ready-to-drink segment in India, which includes fruit juices, energy drinks, sports beverages, and dairy alternatives.
- The company's global net revenues rose 7% to USD 13.4 billion in the June quarter. Braun said Coca-Cola sees opportunities in both the affordable and premium segments in India and is investing in cold drink equipment and brand-building to drive consumer engagement.
Source: PTI
Stock Market Live: Fresh Shorts Build In Phoenix Mills
Phoenix Mills appeared in the fresh shorts category after its futures price declined while open interest increased.
The counter registered:
- Price change: -5.77%
- OI change: 25.64%
Stock Market Live: Axis Bank Withdraws Nomination of Mini Ipe as Board Director
Axis Bank has withdrawn the nomination of Mini Ipe as a nominee director on its board, following which she ceases to be a director of the company. The bank disclosed the development through an exchange filing.
Stock Market Live: Metals And Industrials Join Short Covering List
The following stocks also featured in the short covering category:
- Hindalco
- NHPC
- UPL
- Asian Paints
- Adani Enterprises
Stock Market Live: Telecom And Consumption Stocks See Short Covering
Short covering was visible across a mix of sectors, including:
- Bharti Airtel
- Tata Consumer Products
- ITC
- Jio Financial Services
- Idea
Stock Market Live: Thangamayil Jewellery Q1 Net Profit Rises 86% on Strong Revenue Growth
- Thangamayil Jewellery reported a net profit of Rs 85.1 crore in Q1, up 86.2% from Rs 45.7 crore in the same quarter last year.
- Revenue grew 71.2% year-on-year to Rs 2,666 crore, against Rs 1,558 crore in Q1 of the previous year.
- EBITDA rose 66.8% to Rs 145 crore from Rs 86.7 crore, though EBITDA margins edged lower to 5.4% from 5.6% a year ago.
Stock Market Live: Short Covering Seen Across Financials
Several financial stocks recorded gains even as open interest declined.
The list includes:
- Kotak Mahindra Bank
- HDFC Bank
- IndusInd Bank
- Yes Bank
- Nifty Bank
Stock Market Live: CarTrade Tech Q1 Profit Rises 19.3%; Margin Expands
CarTrade Tech reported a 19.3% rise in consolidated net profit to Rs 51.2 crore from Rs 42.9 crore a year earlier.
- Revenue increased 16.3% to Rs 201 crore from Rs 173 crore.
- EBITDA rose 46.7% to Rs 63.1 crore from Rs 43 crore.
- EBITDA margin expanded to 31.4% from 24.9% a year earlier.
Stock Market Live: Hyundai Features In Long Liquidation List
Several stocks witnessed declines in both price and open interest during today's session, indicating long liquidation.
The list includes:
- Hyundai
- Titan
- ONGC
- Pidilite Industries
- Adani Ports
- Voltas
- Astral
- KFin Technologies
- Prestige Estates
Stock Market Live: Long Build-Up Extends To Realty, Pharma And Industrials
Fresh long positions were also visible in:
- Laurus Labs
- Policybazaar
- RBL Bank
- National Aluminium
- OFSS
- Coforge
- Hero MotoCorp
- Eternal
Stock Market Live: Glenmark Leads Long Build-Up List
Stocks showing accumulation, where both price and open interest increased, include:
- Glenmark
- Oberoi Realty
- Radico
- Manappuram
- Mankind Pharma
- Uno Minda
- Kaynes Technology
- Siemens
- DMart
- Varun Beverages
Stock Market Live: Haryana Approves Motor Vehicle Tax Exemption For Electric Vehicles
- The Haryana Cabinet, chaired by Chief Minister Nayab Singh Saini, approved a 100% motor vehicle tax exemption at registration for new electric two-wheelers, three-wheelers and four-wheelers priced up to Rs 30 lakh.
- Electric vehicles with an ex-showroom price above Rs 30 lakh will receive a 50% tax exemption. The benefit applies to eligible vehicles purchased and registered in Haryana.
Stock Market Live: L&T Wins Rs 5,000–10,000 Crore Order From Kuwait Oil Company
Larsen & Toubro has received an order valued between Rs 5,000 crore and Rs 10,000 crore from Kuwait Oil Company for its hydrocarbon onshore business, according to an exchange filing.
Stock Market Live: Magellanic Cloud Arm Wins $1.21 Million Order From Google
A Magellanic Cloud subsidiary has received an order worth $1.21 million from Google LLC, according to an exchange filing.
Stock Market Live: New Auction System May Reduce Tracking Errors, F&O Volumes Could Fall
- Rajesh Baheti of Crosseas Capital told NDTV Profit that the new auction system was designed for global passive funds and could reduce tracking errors as the role of such funds increases.
- Kamlesh Shroff of ANMI told NDTV Profit that futures and options volumes could decline during the initial stages.
Stock Market Live: Bajaj Auto Sees Higher Options Participation
Bajaj Auto has recorded higher derivatives activity since the previous expiry.
The changes include:
- Call OI: 103.80%
- Put OI: 177.82%
- Total OI: 13.62%
Stock Market Live: MoRTH May Ease Proposed ABS Mandate For Two-Wheelers
- The Ministry of Road Transport and Highways may replace the proposed requirement for anti-lock braking systems on all two-wheelers with performance-based braking standards, according to reports cited by Mirae Asset.
- Mirae Asset said the change could reduce costs for mass-market manufacturers such as Hero MotoCorp, Bajaj Auto and TVS Motor. It could affect universal ABS suppliers including Endurance Technologies and Bosch. MoRTH is expected to issue a revised draft for stakeholder consultation.
Stock Market Live: Ambuja Cements Records Strong OI Build-Up
Ambuja Cements posted one of the larger increases in derivatives participation.
Since the last expiry:
- Futures OI: 35.60%
- Call OI: 6.48%
- Put OI: 10.43%
- Total OI: 29.88%
Stock Market Live: Bandhan Bank Derivatives Activity Surges
Bandhan Bank has seen broad-based growth in derivatives positioning since the previous expiry.
Open interest changes include:
- Futures: 50.98%
- Calls: 183.86%
- Puts: 183.93%
- Total: 89.08%
Stock Market Live: Axis Bank Tops OI Growth Since Last Expiry
Among individual stocks, Axis Bank recorded one of the strongest increases in derivatives participation.
Since the previous expiry:
- Total OI: 45.62%
- Futures OI: 32.33%
- Call OI: 101.44%
- Put OI: 125.77%
Stock Market Live: Nifty Fin Service Shows Mixed Derivatives Activity
Nifty Fin Service has declined 4.53% since the last expiry.
Meanwhile:
- Futures OI declined 25.81%
- Call OI fell 18.56%
- Put OI rose 18.11%
- Total OI dropped 8.76%
Stock Market Live: Nifty Mid Select Records Sharp OI Expansion
Nifty Mid Select has gained 9.70% since the previous expiry.
Derivative activity shows:
- Futures OI up 100.24%
- Call OI up 1.22%
- Put OI up 7.89%
- Total OI up 33.12%
Stock Market Live: Bank Nifty Futures Participation Improves
Bank Nifty has declined 1.79% since the previous expiry, while futures open interest has increased.
Since the last expiry:
- Futures OI: 21.43%
- Call OI: 9.93%
- Put OI: -0.70%
- Total OI: 6.08%
Stock Market Live: Nifty Futures OI Falls Since Last Expiry
Nifty 50 has declined 6.62% since the previous expiry.
During the same period:
- Futures OI fell 4.15%
- Call OI rose 43.40%
- Put OI increased 63.28%
- Total OI climbed 50.44%
Stock Market Live: Bank Nifty Options Show A 57,000-58,000 Setup
Current options positioning indicates:
- Strongest support: 57,000
- Strongest resistance: 58,000
Stock Market Live: Bank Nifty Call Writers Active Above 57,000
Fresh Call writing emerged across higher Bank Nifty strikes during today's session.
The largest additions were recorded at:
- 57,500
- 57,200
- 57,100
- 57,300
Stock Market Live: 58,000 Holds Firm As Bank Nifty Resistance
The 58,000 strike continues to carry the highest Call open interest in Bank Nifty at around 18 lakh contracts.
Other sizeable Call positions remain at:
- 57,500
- 57,000
- 57,200
Stock Market Live: Bank Nifty Sees Fresh Put Writing At 57,000
Bank Nifty recorded the biggest Put open interest addition at the 57,000 strike.
Other notable Put additions were visible at:
- 56,900
- 57,200
- 57,100
- 56,400
Stock Market Live: Put Writers Reduce Exposure Below 24,000
The options chain shows Put unwinding at lower strikes including:
- 23,900
- 24,000
At the same time, fresh Put writing shifted towards 24,200, indicating support has moved higher.
Stock Market Live: Options Positioning Suggests A 24,200-25,000 Zone
Current options positioning shows the highest Put base at 24,200, while the largest Call concentration remains at 25,000.
The derivatives setup currently indicates a trading zone bounded by:
- Support: 24,200
- Resistance: 25,000
Stock Market Live: Fresh Call Writing Emerges Above 24,500
Call writers added fresh positions across higher strikes during today's session.
The largest additions were recorded at:
- 24,600
- 24,500
- 24,300
- 25,000
Stock Market Live: Call Writers Concentrate At 25,000
The 25,000 strike holds the highest Call open interest of around eight lakh contracts, making it the strongest resistance in the current weekly series.
Other notable Call positions are concentrated at:
- 24,500
- 24,600
- 24,700
- 24,300
Stock Market Live: 24,200 Remains Nifty's Biggest Support
The 24,200 strike continues to hold the highest Put open interest at roughly 12.2 lakh contracts, making it the strongest support in the current derivatives setup.
Other sizeable Put positions are visible at:
- 24,000
- 24,100
- 23,800
- 23,500
Stock Market Live: Put Writers Build Fresh Positions At 24,200
Fresh Put writing was strongest at the 24,200 strike, with open interest increasing by around 11 lakh contracts in the current weekly series.
Other notable Put additions were seen at:
- 24,100
- 24,000
- 24,300
- 23,800
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Stock Market Live: Kaynes Technology Leads Chipmaker Gains
Kaynes Technology India rose 3.96%, while MosChip Technologies gained 1.6%. SPEL Semiconductor advanced 0.22%.
Stock Market Live: VST Industries Falls Over 4% After Q1 Profit Declines
- VST Industries shares fell 4.62% to Rs 218.65 after first-quarter net profit declined 24.4% year-on-year to Rs 42.4 crore. Net revenue fell 13.5% to Rs 256 crore.
- EBITDA dropped 35.5% to Rs 49.7 crore, while the margin narrowed to 19.4% from 25.8%.
- Net Revenue down 13.5% to Rs 256 crore versus Rs 296 crore.
- EBITDA down 35.5% to Rs 49.7 crore versus Rs 77 crore.
- Margin at 19.4% versus 25.8%.
- Net Profit down 24.4% to Rs 42.4 crore versus Rs 56.1 crore.
VST Industries (Q1, YoY)
Stock Market Live: Newgen Software, KPIT Technologies Lead IT Stock Gains
- Newgen Software Technologies rose 4.23%, while KPIT Technologies gained 4.17%. Coforge, Sonata Software and Infosys advanced 3.78%, 3.41% and 3.3%, respectively.
- Oracle Financial Services Software gained 2.96%, while Tata Elxsi and Tata Consultancy Services rose 2.67% and 2.31%, respectively. HCL Technologies and Wipro advanced 1.3% and 1.04%.
Stock Market Live: Realty Stocks Trade Mixed, Phoenix Mills Falls 4.68%
- Phoenix Mills fell 4.68%, while Macrotech Developers declined 1.54%. Brigade Enterprises and Signatureglobal India slipped 0.21% and 0.02%, respectively.
- Godrej Properties rose 0.60%, while Anant Raj gained 0.43%. Sobha, DLF and Prestige Estates Projects also traded higher.
Stock Market Live: L&T, HDFC Bank Lead Nifty 50 Gains
- L&T contributed 29.13 points to the Nifty 50’s rise, followed by HDFC Bank at 26.92 points. Bharti Airtel, Infosys and Reliance Industries added 21.36 points, 19.76 points and 10.35 points, respectively.
- InterGlobe Aviation was the largest drag, pulling the index down by 1.83 points. Asian Paints, Power Grid, Coal India and Axis Bank also limited gains.
Stock Market Live: Nifty IT Rises 1.8%, Realty Index Falls 0.56%
- Nifty IT led sectoral gains, rising 1.8%. Nifty Auto gained 0.97%, while Nifty Metal and Nifty FMCG advanced 0.85% and 0.83%, respectively.
- Nifty Realty fell 0.56%, while Nifty Oil and Gas declined 0.1%.
Stock Market Live: Citi Cuts Target Price On Pine Labs
Citi maintained its Buy rating on Pine Labs while lowering the target price. The brokerage said revenue growth remained in line with expectations and expects sales force additions to support stronger growth in the second half of the financial year.
Stock Market Live: Macquarie Positive On City Union Bank Growth
Macquarie maintained an Outperform rating on City Union Bank, citing broad-based loan growth and a cleaner balance sheet. The brokerage expects near-term margin pressure but sees room for return on assets to improve.
Stock Market Live: Kospi Trading Halted For 20 Minutes After 7.84% Fall
Trading in South Korea’s Kospi was halted for 20 minutes after the index fell 7.84%. The Kospi declined 471.97 points to 5,551.69.
Stock Market Live: Bernstein Retains Positive View On Nuvama Wealth
Bernstein maintained its Outperform rating on Nuvama Wealth, citing an improved growth outlook and optimism around PAG's planned exit, while noting that the recent re-rating has limited near-term upside.
Stock Market Live: Morgan Stanley Flags Leadership Churn At Swiggy
Morgan Stanley said leadership changes at Swiggy could add to investor concerns over market share in quick commerce. The brokerage said a strategy refresh could help regain market share while maintaining profitability at the contribution margin level.
Stock Market Live: Nifty 50, Sensex Rise In Pre-Market Trade
The Nifty 50 rose 181.20 points, or 0.76%, to 24,166.55 in pre-market trade. The Sensex gained 653.70 points, or 0.85%, to 77,419.62.
Stock Market Live: Jefferies Sees Premium Bikes And EVs Driving Auto Demand
Jefferies said demand is shifting towards premium motorcycles and electric vehicles. The brokerage expects TVS Motor to gain market share, sees passenger vehicle demand improving and continues to prefer TVS Motor, Eicher Motors, Maruti Suzuki and Mahindra & Mahindra.
Stock Market Live: Rupee Opens 14 Paise Higher Against US Dollar
The rupee appreciated by as much as 14 paise to 95.72 against the US dollar in early trade.
Stock Market Live: Bulk Deals Span Asian Granito To Huhtamaki
Bulk and block deals were reported in Asian Granito Tiles, Huhtamaki India, Gandhar Oil Refinery, TBZ, Motisons Jewellers, Bluestone and several other stocks ahead of today's trading session.
Stock Market Live: Defence, Auto And IT Earnings In Focus Today
Investors will track results from Eicher Motors, Honeywell Automation India, KPIT Technologies, Zensar Technologies, Hexaware Technologies and Garden Reach Shipbuilders as the earnings season gathers pace.
Stock Market Live: Adani Enterprises Headlines Busy Earnings Calendar
Adani Enterprises, Adani Ports, Asian Paints, Dabur India, Eicher Motors, KPIT Technologies, Waaree Energies, Piramal Pharma, Prestige Estates, Syngene International and several other companies are scheduled to report quarterly earnings today.
Stock Market Live: VST Industries Among Companies Holding AGM Today
Several companies including VST Industries, Colgate-Palmolive (India), Apollo Tyres, Syngene International, Redington, Honeywell Automation India and Can Fin Homes are scheduled to hold their annual general meetings today.
Stock Market Live: Manipal Health IPO Opens For Subscription Today
Manipal Health Enterprises' Rs 9,275.22 crore initial public offering opens for subscription today and closes on July 31. The issue comprises a fresh issue and an offer for sale.
Stock Market Live: Tatva Chintan Pharma To Exit ASM Framework
Tatva Chintan Pharma Chem will be excluded from the Additional Surveillance Measure framework, according to the latest exchange notification.
Stock Market Live: Punjab National Bank Board To Consider Fund Raise
Punjab National Bank's board will meet to consider a proposal for raising funds. IndoStar Capital Finance, Syrma SGS Technology and Madhya Bharat Agro Products will also consider fundraising proposals.
Stock Market Live: Route Mobile Board To Consider Interim Dividend
Route Mobile's board is scheduled to meet to consider an interim dividend, making the stock one of the key corporate action counters to watch during the session.
Stock Market Live: Graphite India Faces US Countervailing Duty
The U.S. Department of Commerce preliminarily imposed a 3.68% countervailing duty on Graphite India's exports of large diameter graphite electrodes.
Stock Market Live: CDSL Gets SEBI Nod For Insurance JV
Central Depository Services received SEBI approval for the joint venture agreement involving subsidiary Centrico Insurance Repository and Shoveltech Solutions, along with approval for Rs 25 lakh towards MVP development.
Stock Market Live: Info Edge Wins NCLAT Approval In Merger Case
Info Edge (India) said the National Company Law Appellate Tribunal allowed its appeal relating to the proposed amalgamation of four wholly owned subsidiaries with the company.
Stock Market Live: Tanla Platforms Unit To Acquire UAE Business
Tanla Platforms said its subsidiary approved the acquisition of 100% of ValueFirst Middle East FZC for Rs 148.52 crore. The transaction is expected to close by the second quarter of FY27.
Stock Market Live: NTPC CMD Gurdeep Singh Gets Six-Month Extension
The government extended the tenure of NTPC Chairman and Managing Director Gurdeep Singh by six months from Aug. 1, 2026, or until a regular incumbent takes charge.
Stock Market Live: ONGC Board Clears USD 500 Million Guarantee
ONGC's board approved providing a USD 500 million parent company guarantee in favour of Saudi Aramco on behalf of MRPL to facilitate crude oil imports through Aug. 2028.
Stock Market Live: Dalmia Bharat Unit Gets Bhilai Jaypee LOI
Dalmia Bharat said subsidiary Dalmia Cement (Bharat) Ltd. received the Letter of Intent after being identified as the successful resolution applicant for Bhilai Jaypee Cement Ltd.
Stock Market Live: RVNL Wins Rs 358.97 Crore Railway Project
Rail Vikas Nigam received the Letter of Acceptance from East Central Railway for a Rs 358.97 crore railway doubling project between Kundawa Chainpur and Raxaul.
Stock Market Live: RailTel Bags Rs 43.9 Crore Odisha Police Order
RailTel Corporation received a Rs 43.9 crore work order from the Odisha Police for deployment of IT, cyber forensic and finance professionals. The contract is scheduled for completion by Aug. 30, 2029.
Stock Market Live: Dynacons Wins Rs 267.58 Crore NPCI Contract
Dynacons Systems & Solutions secured a Rs 267.58 crore contract from NPCI for data centre augmentation, including enterprise server infrastructure, along with seven years of support and warranty.
Stock Market Live: Brokerages Positive On Cipla After US Approval
JPMorgan and Kotak Securities retained positive recommendations on Cipla after the company received approval for gAdvair in the US market. Both brokerages said the approval supports the company's growth outlook in the US business.
- JPMorgan: Maintain Overweight, TP Rs 1,600
- First DPI approval from US plant.
- Product opportunity remains meaningful.
- Company progressing well toward FY27 guidance.
- Kotak Securities: Maintain Buy, TP Rs 1,675
- gAdvair approval is another milestone.
- Expects meaningful US sales contribution over FY27-28.
- Continues to rank Cipla among top picks.
Stock Market Live: RPG Life Sciences Reports Higher Q1 Profit
RPG Life Sciences (Q1, Consolidated YoY)
- Revenue up 15.8% to Rs 196 crore versus Rs 169 crore.
- EBITDA up 22% to Rs 43 crore versus Rs 35 crore.
- Margin at 22.1% versus 21%.
- Net Profit up 17% to Rs 30.8 crore versus Rs 26.3 crore.
Stock Market Live: Brokerages Differ On Avenue Supermarts Outlook
Morgan Stanley, Goldman Sachs and Macquarie revised their views on Avenue Supermarts after management commentary. Brokerages lowered earnings assumptions or target prices, while highlighting slower store additions, like-for-like sales expectations and the company's approach towards quick commerce.
- Morgan Stanley: Maintain Overweight, cut TP to Rs 4,464 from Rs 4,827
- Cuts FY27 store additions to 75.
- Lowers same-store sales growth assumptions.
- Reduces FY27-29 EPS estimates.
- Goldman Sachs: Maintain Sell, cut TP to Rs 3,800 from Rs 4,000
- Store addition plans below expectations.
- Company more open to long-term leases.
- Limited scope for SSSG acceleration.
- Quick commerce strategy remains conservative.
- Macquarie: Maintain Underperform, TP Rs 3,250
- Targets 15% annual store additions.
- Expects SSSG around eight percent.
- Continues to focus on profitable growth over quick commerce.
Stock Market Live: Sanofi Consumer Reports Higher Quarterly Profit
Sanofi Consumer (Q1, YoY)
- Revenue up 6.7% to Rs 236 crore versus Rs 221 crore.
- EBITDA up 27.2% to Rs 89.3 crore versus Rs 70.2 crore.
- Margin at 37.9% versus 31.8%.
- Net Profit up 13.3% to Rs 68.8 crore versus Rs 60.7 crore.
Stock Market Live: Brokerages Remain Positive On Varun Beverages
Jefferies, Citi and Morgan Stanley retained positive recommendations on Varun Beverages despite weaker quarterly growth. Brokerages cited management's confidence in demand recovery, international business growth and improved momentum in July.
- Jefferies: Maintain Buy, TP Rs 615
- Calls correction excessive.
- Weak April weather hurt volumes while May and June remained strong.
- International business cushioned weakness.
- July momentum remains encouraging.
- Citi: Maintain Buy, cut TP to Rs 580 from Rs 640
- Q2 below expectations.
- India growth debate persists.
- International business continues to perform strongly.
- Long-term category outlook remains attractive.
- Morgan Stanley: Maintain Overweight, TP Rs 557
- Positive commentary on July demand.
- Double-digit growth momentum expected to continue.
- Current correction already reflects weaker India growth.
Stock Market Live: Trualt Bioenergy Reports Higher Q1 Earnings
Trualt Bioenergy (Q1, Consolidated YoY)
- Revenue at Rs 627 crore versus Rs 304 crore.
- EBITDA at Rs 132.8 crore versus Rs 41.5 crore.
- Margin at 21.2% versus 13.7%.
- Net Profit at Rs 57 crore versus Rs 4.7 crore.
- Appoints Mallikarjun Dyaberi as Chairman for one year.
Stock Market Live: Brokerages Mixed On Chola Finance After Q1
Jefferies and Citi reiterated Buy on Cholamandalam Investment & Finance, citing asset quality, margins and growth. Morgan Stanley raised its target price while retaining Equal-weight. Macquarie maintained Underperform despite describing the quarter as steady.
- Jefferies: Maintain Buy, raise TP to Rs 2,100 from Rs 1,960
- Profit beat driven by broad-based momentum.
- Healthy AUM growth.
- Stable margin outlook.
- FY27 credit costs may undershoot guidance.
- Remains a top NBFC pick.
- Citi: Maintain Buy, raise TP to Rs 2,100 from Rs 1,945
- Growth, NIMs and credit costs remained strong.
- Seasonal asset-quality deterioration was limited.
- NIMs likely to stay above guidance.
- Investment phase continues.
- Morgan Stanley: Maintain Equal-weight, raise TP to Rs 1,900 from Rs 1,720
- Good quarter.
- Raises FY27 forecasts sharply.
- Limited upside remains due to macro risks and rate sensitivity.
- Macquarie: Maintain Underperform, TP Rs 1,495
- Operating leverage drove an in-line quarter.
- Growth momentum remains intact.
- Margins remain defensible.
- Seasonal stress easing with improving loss trajectory.
Stock Market Live: PTC India Financial Profit Declines In Q1
PTC India Financial (Q1, Consolidated YoY)
- Total Income down 27.5% to Rs 103 crore versus Rs 142 crore.
- Net Profit down 70.6% to Rs 40 crore versus Rs 136 crore.
Stock Market Live: SH Kelkar Reports Higher Q1 Profit
S H Kelkar (Q1, Consolidated YoY)
- Revenue up 13.9% to Rs 662 crore versus Rs 581 crore.
- EBITDA up 17.3% to Rs 88 crore versus Rs 75 crore.
- Margin at 13.3% versus 12.9%.
- Net Profit up 77.3% to Rs 45.4 crore versus Rs 25.6 crore.
- • One-time gain of Rs 30 crore in Q1.
Stock Market Live: Brokerages Back L&T After Quarterly Results
CLSA, Jefferies and Citi maintained positive ratings on Larsen & Toubro following its first-quarter earnings. Brokerages highlighted the order inflow, backlog and management's revenue guidance, while noting margins remained broadly resilient.
- Jefferies: Maintain Buy, raise TP to Rs 5,000 from Rs 4,885
- Margins remained intact despite revenue miss.
- FY27 revenue guidance maintained.
- H2 expected to be stronger.
- Stock could recover further if geopolitical tensions ease.
- CLSA: Maintain Outperform, TP Rs 4,842
- Strong Q1 order inflow surprise.
- Europe opportunity and India's capex cycle expand addressable market.
- Current weakness seen as a buying opportunity.
- Calls L&T the most undervalued large-cap industrial.
- Order backlog of $78 billion remains strong.
- Citi: Maintain Buy, TP Rs 4,650
- Resilient Q1 performance.
- Order inflow outlook remains constructive.
- Supply-chain cost pressures seen as manageable.
- Full-year margin guidance maintained.
Stock Market Live: AGI Greenpac Names Shashvat Somany Joint MD
AGI Greenpac appointed Shashvat Somany as Joint Managing Director for a five-year term beginning Oct. 1, according to its exchange filing.
Stock Market Live: Brokerages Stay Positive On HUL Despite Target Price Cuts
Brokerages retained positive ratings on Hindustan Unilever after its quarterly results. Goldman Sachs, Citi, Jefferies and Macquarie maintained Buy recommendations, while Morgan Stanley stayed Equal-weight. Most brokerages lowered target prices but said demand trends remain stable and growth should improve.
- Jefferies: Maintain Buy, TP Rs 2,850
- Seven percent share price fall appears excessive given the limited EBITDA miss.
- Weakness in some segments was offset elsewhere.
- Growth and profitability have improved consistently over recent quarters.
- Management commentary was constructive with stable demand and margins.
- Goldman Sachs: Maintain Buy, cut TP to Rs 2,450 from Rs 2,725
- Expects revenue growth to accelerate further in FY27.
- Home Care growth likely to improve as pricing kicks in.
- Encouraged by Beauty & Wellbeing recovery.
- Foods steady while Personal Care remains weak.
- EBITDA margins expected to remain resilient despite input cost inflation.
- Citi: Maintain Buy, cut TP to Rs 2,650 from Rs 2,750
- Growth momentum remains intact.
- FY27 outlook remains constructive.
- Stable demand outlook.
- Improving execution, premiumisation and channel transformation.
- Morgan Stanley: Maintain Equal-weight, TP Rs 2,480
- Management commentary remains optimistic.
- Demand conditions expected to stay stable.
- Inflation has not yet impacted consumption.
- Rural and urban demand remain resilient.
- Monsoon and geopolitical risks remain key monitorables.
- Macquarie: Maintain Outperform, TP Rs 2,860
- Q1 broadly in line; volume growth moderated sequentially.
- Continued weakness in soaps due to inflation remains a concern.
- Positive on stable FMCG demand outlook.
- Premium portfolio continues to outperform.
- Greater clarity on volume recovery is the key near-term trigger.
Stock Market Live: AGI Greenpac Reports Higher Q1 Profit
AGI Greenpac (Q1, Consolidated YoY)
- Revenue up 14.2% to Rs 785 crore versus Rs 688 crore.
- EBITDA up 23.1% to Rs 175 crore versus Rs 142 crore.
- Margin at 22.3% versus 20.7.
- Net Profit up 11.8% to Rs 99.4 crore versus Rs 88.9 crore.
Stock Market Live: VST Industries Reports Decline In Quarterly Earnings
VST Industries (Q1, YoY)
- Net Revenue down 13.5% to Rs 256 crore versus Rs 296 crore.
- EBITDA down 35.5% to Rs 49.7 crore versus Rs 77 crore.
- Margin at 19.4% versus 25.8%.
- Net Profit down 24.4% to Rs 42.4 crore versus Rs 56.1 crore.
Stock Market Live: Birlasoft Reports Lower Sequential Profit
Birlasoft (Q1, Consolidated QoQ)
- Revenue up 2.3% to Rs 1,379 crore versus Rs 1,349 crore.
- EBIT down 11.5% to Rs 204 crore versus Rs 230 crore.
- EBIT Margin at 14.8% versus 17%.
- Net profit down 8.5% to Rs 161 crore versus Rs 176 crore.
Stock Market Live: DCM Shriram Reports Sharp Rise In Quarterly Profit
DCM Shriram (Q1, Consolidated YoY)
- Revenue up 9.3% to Rs 3,565 crore versus Rs 3,262 crore.
- EBITDA up 10.9% to Rs 336 crore versus Rs 303 crore.
- Margin at 9.4% versus 9.3%.
- Net profit at Rs 693 crore versus Rs 113 crore.
Stock Market Live: Phoenix Mills Reports Growth In Q1 Profit
Phoenix Mills (Q1, Consolidated YoY)
- Revenue up 12.8% to Rs 1,075 crore versus Rs 953 crore.
- EBITDA up 13.5% to Rs 641 crore versus Rs 565 crore.
- Margin at 59.6% versus 59.2%.
- Net profit up 23.2% to Rs 297 crore versus Rs 241 crore.
Stock Market Live: Tata Capital Reports Higher First-Quarter Profit
Tata Capital (Q1, Consolidated YoY)
- Total Income up 15% to Rs 8,825 crore versus Rs 7,692 crore.
- Net profit up 56.3% to Rs 1,547 crore versus Rs 990 crore.
Stock Market Live: Paradeep Phosphates Reports Higher Quarterly Profit
Paradeep Phosphates (Q1, Consolidated YoY)
- Revenue up 36% to Rs 6,124 crore versus Rs 4,504 crore.
- EBITDA up 24% to Rs 721 crore versus Rs 581 crore.
- Margin at 11.8% versus 12.9%.
- Net profit up 23.8% to Rs 393 crore versus Rs 317 crore.
• Board approved setting up a 15,000 MTPA Aluminium Fluoride manufacturing plant at Paradeep with an estimated investment of Rs 250 crore.
Stock Market Live: L&T Approves Merger Of Power Development Arm
Larsen & Toubro's board approved the merger of wholly owned subsidiary L&T Power Development Ltd. with the company. The proposal is subject to regulatory and statutory approvals.
Stock Market Live: L&T Reports Higher Quarterly Profit
Larsen & Toubro (Q1, Consolidated YoY)
- Revenue up 6.7% to Rs 67,942 crore versus Rs 63,679 crore.
- EBITDA down 3.2% to Rs 6,117 crore versus Rs 6,318 crore.
- Margin at 9% versus 9.9%.
- Net profit up 14% to Rs 4,123 crore versus Rs 3,617 crore.
• Order book as on June 30 at Rs 7.79 lakh crore.
• Order inflow up 14% to Rs 1.08 lakh crore YoY.
Stock Market Live: Investors Await US Fed Policy Guidance
- Investors will track the US Federal Reserve’s policy decision for signals on interest rates amid higher crude oil prices and geopolitical uncertainty.
- A sustained rise in energy costs could affect the inflation outlook and the central bank’s policy stance. Middle East developments and crude oil prices will also remain in focus.
Stock Market Live: US Equity Futures Trade Flat
S&P 500 futures edged higher, while Nasdaq-100 futures traded little changed during Asian hours. Dow futures fell 38 points, or about 0.1%.
Stock Market Live: Dow Rises Over 500 Points, Nasdaq Falls For Fifth Day
- The Dow Jones Industrial Average gained more than 500 points and advanced for a third straight session ahead of the US Federal Reserve’s policy decision.
- The Nasdaq Composite fell for a fifth consecutive session as semiconductor stocks remained under pressure.
Stock Market Live: Brent Crude Rises Over 4% To $87.50
Brent crude rose more than 4% to around $87.50 per barrel as markets reacted to renewed tensions in the Middle East. Oil recovered after its steepest three-day decline since April 2020.
Stock Market Live: US Strikes Iran After Missile Attack Is Intercepted
- US Central Command said American forces intercepted multiple ballistic missiles launched by Iran at US military personnel in the Middle East. The US military later carried out retaliatory strikes against Iran.
- The developments led traders to reassess risks to global energy supplies.
Stock Market Live: Asian Markets Rise Ahead Of US Fed Decision
- South Korea’s Kospi rose 2.11%, while Japan’s Nikkei 225 gained 1.08%. Australia’s ASX 200 advanced 1.07%.
- Investors focused on the US Federal Reserve’s policy announcement, while renewed Middle East tensions and a rebound in oil prices remained in focus.
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