Closing Bell: Sensex, Nifty recover in last-hour buying as Trump tariff storm rages

Indian equity indices ended marginally higher with Nifty around 24,600 on August 7. At close, the Sensex was up 79.27 points or 0.10 percent at 80,623.26, and the Nifty was up 21.95 points or 0.09 percent at 24,596.15.

We wrap up today's edition of the Moneycontrol live market blog, and will be back tomorrow morning with all the latest updates and alerts. Please visit https://www.moneycontrol.com/markets/global-indices for all the global market action.

Bulls have finally made a decisive comeback in the market on Thursday that witnessed a session of roller-coaster ride of up and down moves and Nifty finally closed the day on a positive note. After opening with a downside gap of 90 points, the market slipped into further weakness in the early to mid-part of the session. The sharp recovery has emerged from the low of 24344 from 1.40pm onwards and the strong upside momentum continued till the end. The opening downside gap has been filled completely.

A long bull candle was formed on the daily chart with lower shadow. Technically, this pattern shows an early sign of crucial bottom reversal pattern in the Nifty. Further follow-through upmove above the initial hurdle of 24750 could confirm the bottom reversal pattern. The crucial supports to be watched around 24350.

Nifty witnessed a roller-coaster session as the index oscillated between 24,350 and 24,650. Although it briefly fell below 24,400, it did not sustain at lower levels and recovered smartly in the second half, closing near 24,600.

In the short term, the index may continue to recover; however, immediate resistance is seen at 24,660. A decisive move above this level could take the index towards 24,850. On the downside, support is placed at 24,400 on a closing or sustained basis.

Today, Indian equity markets staged a remarkable recovery, with both benchmarks ending marginally higher despite facing significant headwinds from Trump's tariff announcements. The BSE Sensex closed at 80,396.79, gaining 79.27 points (0.10%), while the Nifty 50 ended at 24,574.20, up 37.20 points (0.15%). Importantly, the indices recovered nearly 750-800 points from their day's lows, demonstrating remarkable resilience in the face of global uncertainties.

The market's recovery was primarily driven by strong buying interest in banking heavyweights and select IT stocks. HDFC Bank and Reliance Industries led the recovery, while Hero MotoCorp emerged as a standout performer, surging 4% after reporting better-than-expected Q1 results despite weak sales.

The IT sector provided crucial support, with the Nifty IT index gaining 0.87%, as investors viewed the Trump tariff impact as potentially benefiting IT services through currency depreciation.

Markets initially opened under pressure following Trump's executive order doubling tariffs on Indian goods to 50%, citing India's continued oil purchases from Russia. The 21-day implementation window provided some relief, we believe this creates negotiation space between the two countries. Despite the tariff concerns, the market's ability to recover from intraday lows of nearly 700 points on the Sensex demonstrated underlying strength and buying appetite at lower levels.

Domestic equities recovered sharply from the intraday lows amid a volatile weekly expiry day. Although the earlier trade was weighed down by broad-based selling following steep US tariff hikes on India, sentiment improved toward the close as reports of potential peace talks involving Trump, Putin, and Zelensky which raised hopes of a softer US stance on trade.

This renewed optimism triggered a strong rebound in the auto, pharma, metals, and energy sectors and aided the market in recalling its trajectory and concluding in the green.

The Indian rupee closed on a flat note, after broadly trading within a narrow range. The rupee placed at the bottom of the regional pack, as most other Asian currencies have traded higher. A key factor influencing the rupee's weakness is the ongoing trade tension and the imposition of higher tariff on Indian goods by US.

The outlook and sentiment favour the US dollar versus rupee, driven by a continued imbalance in dollar demand and supply, as foreign funds persist with their selling of Indian assets. Looking ahead, the spot USDINR is expected to consolidate between 87.50 and 87.85 in the coming days.

Indian rupee ended flat at 87.70 per dollar on Thursday versus previous close of 87.73.

Indian equity indices ended marginally higher with Nifty around 24,600 on August 7.

At close, the Sensex was up 79.27 points or 0.10 percent at 80,623.26, and the Nifty was up 21.95 points or 0.09 percent at 24,596.15. About 1716 shares advanced, 1996 shares declined, and 129 shares unchanged.

Top Nifty gainers were Hero MotoCorp, Tech Mahindra, Wipro, Eternal, JSW Steel, while losers included Adani Enterprises, Adani Ports, Trent, Tata Motors and Grasim Industries.

BSE Midcap index up 0.3 percent and smallcap index ended on flat note.

All the sectoral indices recovered most of the intraday losses with IT, media, pharma rising 0.5-1 percent.

Dwarikesh Sugar Industries was quoting at Rs 40.70, down Rs 0.58, or 1.41 percent.

It has touched an intraday high of Rs 42.09 and an intraday low of Rs 40.70.

It was trading with volumes of 72,428 shares, compared to its five day average of 37,352 shares, an increase of 93.91 percent.

In the previous trading session, the share closed down 3.33 percent or Rs 1.42 at Rs 41.28.

The share touched a 52-week high of Rs 80.33 and a 52-week low of Rs 33.01 on 01 October, 2024 and 07 April, 2025, respectively.

Currently, the stock is trading 49.33 percent below its 52-week high and 23.3 percent above its 52-week low.

Market capitalisation stands at Rs 754.18 crore.

lar Industries India was quoting at Rs 14,894.65, down Rs 119.55, or 0.80 percent.

It has touched an intraday high of Rs 15,062.10 and an intraday low of Rs 14,582.45.

It was trading with volumes of 6,363 shares, compared to its five day average of 6,748 shares, a decrease of -5.71 percent.

In the previous trading session, the share closed up 0.64 percent or Rs 96.20 at Rs 15,014.20.

The share touched a 52-week high of Rs 17,805.00 and a 52-week low of Rs 8,479.30 on 30 June, 2025 and 28 February, 2025, respectively.

Currently, the stock is trading 16.35 percent below its 52-week high and 75.66 percent above its 52-week low.

Market capitalisation stands at Rs 134,781.77 crore.

NBCC (India) was quoting at Rs 109.70, down Rs 0.40, or 0.36 percent.

It has touched an intraday high of Rs 110.65 and an intraday low of Rs 107.10.

It was trading with volumes of 678,703 shares, compared to its five day average of 415,469 shares, an increase of 63.36 percent.

In the previous trading session, the share closed down 0.32 percent or Rs 0.35 at Rs 110.10.

The share touched a 52-week high of Rs 139.83 and a 52-week low of Rs 70.82 on 28 August, 2024 and 03 March, 2025, respectively.

Currently, the stock is trading 21.55 percent below its 52-week high and 54.9 percent above its 52-week low.

Market capitalisation stands at Rs 29,619.00 crore.

Savita Oil Technologies was quoting at Rs 422.40, up Rs 23.40, or 5.86 percent.

It has touched an intraday high of Rs 474.15 and an intraday low of Rs 395.55.

It was trading with volumes of 38,127 shares, compared to its five day average of 2,216 shares, an increase of 1,620.84 percent.

In the previous trading session, the share closed down 2.00 percent or Rs 8.15 at Rs 399.00.

The share touched a 52-week high of Rs 634.20 and a 52-week low of Rs 295.00 on 27 August, 2024 and 07 April, 2025, respectively.

Currently, the stock is trading 33.4 percent below its 52-week high and 43.19 percent above its 52-week low.

Market capitalisation stands at Rs 2,895.99 crore.

#1 Stock has corrected 9 percent since announcement of its Q1 results

#2 Sees further downside risks ahead

#3 Risks are more fundamental than just a few quarters of elevated credit costs

#4 Profitability pressures are building

#5 Believe there are deeper structural issues that will constrain EPS growth going forward

Kilburn Engineering was quoting at Rs 542.00, up Rs 4.45, or 0.83 percent.

It has touched a 52-week high of Rs 550.00.

It has touched an intraday high of Rs 550.00 and an intraday low of Rs 522.00.

It was trading with volumes of 298,144 shares, compared to its five day average of 103,087 shares, an increase of 189.22 percent.

In the previous trading session, the share closed down 0.68 percent or Rs 3.70 at Rs 537.55.

Market capitalisation stands at Rs 2,573.84 crore.

The Sensex was down 94.64 points or 0.12 percent at 80,449.35, and the Nifty was down 22 points or 0.09 percent at 24,552.20. About 1338 shares advanced, 2212 shares declined, and 111 shares unchanged.

Page Industries was quoting at Rs 45,700.00, down Rs 561.20, or 1.21 percent.

It has touched an intraday high of Rs 46,753.90 and an intraday low of Rs 45,400.00.

It was trading with volumes of 314 shares, compared to its five day average of 371 shares, a decrease of -15.36 percent.

It was trading with volumes of 314 shares, compared to its thirty day average of 398 shares, a decrease of -21.15 percent.

In the previous trading session, the share closed up 1.21 percent or Rs 554.05 at Rs 46,261.20.

The share touched a 52-week high of Rs 50,470.60 and a 52-week low of Rs 38,909.60 on 27 June, 2025 and 11 March, 2025, respectively.

Currently, the stock is trading 9.45 percent below its 52-week high and 17.45 percent above its 52-week low.

Market capitalisation stands at Rs 50,973.20 crore.

Apollo Pipes was quoting at Rs 394.80, down Rs 8.15, or 2.02 percent.

It has touched an intraday high of Rs 405.95 and an intraday low of Rs 388.60.

It was trading with volumes of 1,517 shares, compared to its five day average of 4,146 shares, a decrease of -63.41 percent.

It was trading with volumes of 1,517 shares, compared to its thirty day average of 12,314 shares, a decrease of -87.68 percent.

In the previous trading session, the share closed up 0.17 percent or Rs 0.70 at Rs 402.95.

The share touched a 52-week high of Rs 679.95 and a 52-week low of Rs 313.05 on 05 September, 2024 and 03 March, 2025, respectively.

Currently, the stock is trading 41.94 percent below its 52-week high and 26.11 percent above its 52-week low.

Market capitalisation stands at Rs 1,739.02 crore.

QIB – 284.70 times

NII - 408 times

Retail – 139.43 times

Overall – 258.84 times

Varroc Engineering was quoting at Rs 554.95, up Rs 25.10, or 4.74 percent.

It has touched an intraday high of Rs 575.00 and an intraday low of Rs 513.20.

It was trading with volumes of 30,185 shares, compared to its five day average of 9,050 shares, an increase of 233.52 percent.

In the previous trading session, the share closed down 1.91 percent or Rs 10.30 at Rs 529.85.

The share touched a 52-week high of Rs 649.00 and a 52-week low of Rs 365.00 on 02 January, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 14.49 percent below its 52-week high and 52.04 percent above its 52-week low.

Market capitalisation stands at Rs 8,478.88 crore.

IOL Chemicals and Pharmaceuticals was quoting at Rs 98.15, up Rs 3.00, or 3.15 percent.

It has touched an intraday high of Rs 98.75 and an intraday low of Rs 92.65.

It was trading with volumes of 200,422 shares, compared to its five day average of 522,736 shares, a decrease of -61.66 percent.

In the previous trading session, the share closed down 2.46 percent or Rs 2.40 at Rs 95.15.

The share touched a 52-week high of Rs 107.41 and a 52-week low of Rs 57.51 on 16 September, 2024 and 07 April, 2025, respectively.

Currently, the stock is trading 8.62 percent below its 52-week high and 70.67 percent above its 52-week low.

Market capitalisation stands at Rs 2,880.97 crore.

Gurugram Metropolitan Development Authority has a EPC awarded a contract to Coal India worth Rs 51,34,00,000 for upgradation of existing 100 MLD STP and construction of 75 MLD Tertiary Treatment Plant (TTP) at Dhanwapur along with O&M for 5 years.

Hikal was quoting at Rs 289.20, down Rs 18.15, or 5.91 percent.

It has touched a 52-week low of Rs 281.55.

It has touched an intraday high of Rs 307.50 and an intraday low of Rs 281.55.

It was trading with volumes of 37,386 shares, compared to its five day average of 19,260 shares, an increase of 94.11 percent.

In the previous trading session, the share closed down 2.44 percent or Rs 7.70 at Rs 307.35.

Market capitalisation stands at Rs 3,565.86 crore.

Waaree Energies Limited, being the promoter of Indosolar proposes to sell 12,50,000 equity shares of Indosolar

(representing 3% of its issued and paid-up capital) in order to comply with the minimum public shareholding requirement.

Indosolar was quoting at Rs 359.95, up Rs 17.10, or 4.99 percent. It has touched a 52-week high of Rs 359.95.

It has touched an intraday high of Rs 359.95 and an intraday low of Rs 359.95.

There were pending buy orders of 562,825 shares, with no sellers available.

In the previous trading session, the share closed up 4.99 percent or Rs 16.30 at Rs 342.85.

Market capitalisation stands at Rs 74.88 crore.

#1 Q1 reaffirms its positioning as a stable business

#2 Company offers strong downside protection in a volatile demand environment

#3 Company continues to deliver through its balanced business model

#4 Leveraging a multi-powertrain portfolio, strong exports & a growing premium segment to offset domestic softness

#5 Headline performance was largely in-line

#6 Revenue, EBITDA & PAT exceeding expectations by 2–4 percent

#7 Margin contracted 50bps QoQ due to higher input costs & weaker dollar realisations

RBI granted approval to acquire aggregate holding in Utkarsh Small Finance Bank Limited (USFBL), solely on account of amalgamation of Utkarsh Coreinvest Limited (UCL) with USFBL.

The Sensex was down 576.28 points or 0.72 percent at 79,967.71, and the Nifty was down 181.60 points or 0.74 percent at 24,392.60. About 961 shares advanced, 2558 shares declined, and 98 shares unchanged.

Emcure Pharmaceuticals was quoting at Rs 1,394.05, down Rs 27.20, or 1.91 percent.

It has touched an intraday high of Rs 1,446.10 and an intraday low of Rs 1,341.05.

In the previous trading session, the share closed down 0.92 percent or Rs 13.25 at Rs 1,421.25.

The share touched a 52-week high of Rs 1,577.50 and a 52-week low of Rs 890.00 on 18 September, 2024 and 07 April, 2025, respectively.

Currently, the stock is trading 11.63 percent below its 52-week high and 56.63 percent above its 52-week low.

Market capitalisation stands at Rs 26,418.41 crore.

Century Plyboards was quoting at Rs 747.70, down Rs 0.70, or 0.09 percent.

It has touched an intraday high of Rs 783.50 and an intraday low of Rs 738.00.

It was trading with volumes of 14,561 shares, compared to its five day average of 1,828 shares, an increase of 696.47 percent.

In the previous trading session, the share closed down 0.02 percent or Rs 0.15 at Rs 748.40.

The share touched a 52-week high of Rs 938.60 and a 52-week low of Rs 630.00 on 11 October, 2024 and 07 April, 2025, respectively.

Currently, the stock is trading 20.34 percent below its 52-week high and 18.68 percent above its 52-week low.

Market capitalisation stands at Rs 16,611.87 crore.

Zinka Logistics Solutions was quoting at Rs 504.00, down Rs 56.30, or 10.05 percent.

It has touched a 52-week high of Rs 572.70.

It has touched an intraday high of Rs 572.70 and an intraday low of Rs 499.10.

In the previous trading session, the share closed up 15.66 percent or Rs 75.85 at Rs 560.30.

The share touched a 52-week high of Rs 570.95 and a 52-week low of Rs 248.25 on 06 August, 2025 and 27 November, 2024, respectively.

Currently, the stock is trading 11.73 percent below its 52-week high and 103.02 percent above its 52-week low.

Market capitalisation stands at Rs 9,029.01 crore.

Glenmark USA has agreed to enter into a settlement with the putative direct purchaser class, for a total of $37.75 million (USD). The settlement is subject to approval by the court overseeing the litigation. The settlement is payable in two instalments, with $11,100,000 (USD) due after preliminary approval by the Court and the second payment, $26,650,000 (USD), due on or before April 1, 2026.

#1 Q1FY26 net loss up 114 percent YoY

#2 Operational turnaround was expected after 2 years of backlog growth but performance disappointed

#3 Net loss rose 114 percent, while 1Q execution grew just 4 percent YoY, missing consensus

#4 A positive was the resurgence in fossil orders, as India focuses on energy security

#5 Thermal business orders peaked at 26.6GW in FY25

3M India was quoting at Rs 30,320.15, down Rs 562.45, or 1.82 percent.

It has touched an intraday high of Rs 30,820 and an intraday low of Rs 30,000.

In the previous trading session, the share closed up 0.17 percent or Rs 53.15 at Rs 30,882.60.

The share touched a 52-week high of Rs 38,240.00 and a 52-week low of Rs 25,714.35 on 12 August, 2024 and 03 March, 2025, respectively.

Currently, the stock is trading 20.71 percent below its 52-week high and 17.91 percent above its 52-week low.

Market capitalisation stands at Rs 34,155.86 crore.

Rategain Travel Technologies was quoting at Rs 430.30, up Rs 2.55, or 0.60 percent.

It has touched an intraday high of Rs 443.10 and an intraday low of Rs 417.10.

In the previous trading session, the share closed down 2.70 percent or Rs 11.85 at Rs 427.75.

The share touched a 52-week high of Rs 853.30 and a 52-week low of Rs 365.00 on 11 November, 2024 and 07 April, 2025, respectively.

Currently, the stock is trading 49.57 percent below its 52-week high and 17.89 percent above its 52-week low.

Market capitalisation stands at Rs 5,080.87 crore.

Caplin Point Laboratories was quoting at Rs 2,031.95, up Rs 103.95, or 5.39 percent.

It has touched an intraday high of Rs 2,038.00 and an intraday low of Rs 1,886.55.

In the previous trading session, the share closed down 1.44 percent or Rs 28.25 at Rs 1,928.00.

The share touched a 52-week high of Rs 2,636.00 and a 52-week low of Rs 1,451.60 on 27 December, 2024 and 09 August, 2024, respectively.

Currently, the stock is trading 22.92 percent below its 52-week high and 39.98 percent above its 52-week low.

Market capitalisation stands at Rs 15,445.20 crore.

Lincoln Pharmaceuticals was quoting at Rs 570.00, up Rs 38.15, or 7.17 percent.

It has touched an intraday high of Rs 593.40 and an intraday low of Rs 522.80.

It was trading with volumes of 32,101 shares, compared to its five day average of 2,200 shares, an increase of 1,359.00 percent.

In the previous trading session, the share closed down 0.09 percent or Rs 0.50 at Rs 531.85.

The share touched a 52-week high of Rs 975.00 and a 52-week low of Rs 500.00 on 09 December, 2024 and 03 March, 2025, respectively.

Currently, the stock is trading 41.54 percent below its 52-week high and 14 percent above its 52-week low.

Market capitalisation stands at Rs 1,141.69 crore.

Starworth Infrastructure & Construction, a wholly owned material subsidiary of Puravankara has received a Letter of Indent for Rs

83,51,50,254 for construction of civil works of commercial project “Luxon” at Doddanekundi Industrial Area White Field Bangalore, Karnataka from “M/s Krishil WhiteAlpha Private Limited”.

A meeting of the board of directors of Lodha Developers is scheduled to be held on Monday, August 11, 2025, to consider the proposal for fund raising by way of issuance of Non-Convertible Debentures on private placement basis, in one or more tranches, to diversify pool of debt enabling continued reduction in cost of funds on targeted debt capital.

#1 Q1 EBITDA margin of 19.7 percent was in-line

#2 Revenue grew 5.5 percent YoY, led by a richer product mix as volume remained flat YoY

#3 Export volume is recovering

#4 Management highlighted that the LATAM & ASEAN markets are driving growth

#5 Forecast 10 percent YoY 2W export volume growth for company versus guidance of 15–20 percent for FY26

#6 Company aims to gain market share through model refreshes, launches & pricing while maintaining profitability

Indian rupee is trading marginally lower at 87.76 per dollar versus previous close of 87.73.

The Sensex was down 420.55 points or 0.52 percent at 80,123.44, and the Nifty was down 140.75 points or 0.57 percent at 24,433.45. About 1088 shares advanced, 2388 shares declined, and 99 shares unchanged.

Cyient Semiconductors announced a strategic Channel Partner Agreement with GlobalFoundries (GF), one of the world’s leading pure-play semiconductor foundries. Under the agreement, Cyient Semiconductors becomes an authorized reseller of GF’s semiconductor manufacturing services and technologies.

Cyient was quoting at Rs 1,182.40, down Rs 13.55, or 1.13 percent.

It has touched an intraday high of Rs 1,194.00 and an intraday low of Rs 1,167.00.

It was trading with volumes of 7,144 shares, compared to its five day average of 113,717 shares, a decrease of -93.72 percent.

It was trading with volumes of 7,144 shares, compared to its thirty day average of 39,070 shares, a decrease of -81.71 percent.

In the previous trading session, the share closed down 0.95 percent or Rs 11.45 at Rs 1,195.95.

The share touched a 52-week high of Rs 2,156.35 and a 52-week low of Rs 1,050.20 on 16 September, 2024 and 07 April, 2025, respectively.

Currently, the stock is trading 45.17 percent below its 52-week high and 12.59 percent above its 52-week low.

Market capitalisation stands at Rs 13,130.48 crore.

Prism Johnson was quoting at Rs 151.65, up Rs 5.75, or 3.94 percent.

It has touched an intraday high of Rs 152.00 and an intraday low of Rs 143.90.

It was trading with volumes of 47,690 shares, compared to its five day average of 8,626 shares, an increase of 452.88 percent.

In the previous trading session, the share closed down 2.90 percent or Rs 4.35 at Rs 145.90.

The share touched a 52-week high of Rs 246.10 and a 52-week low of Rs 108.00 on 11 September, 2024 and 04 March, 2025, respectively.

Currently, the stock is trading 38.38 percent below its 52-week high and 40.42 percent above its 52-week low.

Market capitalisation stands at Rs 7,633.40 crore.

Titan Company, Life Insurance Corporation of India, Hindustan Petroleum Corporation. Godrej Consumer Products, Biocon, Cummins India, Metropolis Healthcare, National Aluminium Company, Kalyan Jewellers India, Kalpataru Projects International, Aegis Logistics, Aegis Vopak Terminals, Apollo Tyres, Bajaj Electricals, Birlasoft, Data Patterns (India), Edelweiss Financial Services, Emcure Pharmaceuticals, General Insurance Corporation of India, Indigo Paints, CE Info Systems, Global Health, Medi Assist Healthcare Services, Page Industries, Ramco Cements, Shree Renuka Sugars, and Sai Life Sciences will release their quarterly earnings on August 7.

Bajaj Auto was quoting at Rs 8,151.95, down Rs 25.10, or 0.31 percent.

It has touched an intraday high of Rs 8,225.00 and an intraday low of Rs 7,879.45.

In the previous trading session, the share closed down 0.64 percent or Rs 53.05 at Rs 8,177.05.

The share touched a 52-week high of Rs 12,772.15 and a 52-week low of Rs 7,088.25 on 27 September, 2024 and 07 April, 2025, respectively.

Currently, the stock is trading 36.17 percent below its 52-week high and 15.01 percent above its 52-week low.

Market capitalisation stands at Rs 227,649.41 crore.

Adani Ports and Special Economic Zone was quoting at Rs 1,318.70, down Rs 47.95, or 3.51 percent.

It has touched an intraday high of Rs 1,357.85 and an intraday low of Rs 1,317.80.

It was trading with volumes of 58,722 shares, compared to its five day average of 79,797 shares, a decrease of -26.41 percent.

In the previous trading session, the share closed up 0.67 percent or Rs 9.10 at Rs 1,366.65.

The share touched a 52-week high of Rs 1,555.50 and a 52-week low of Rs 993.85 on 08 August, 2024 and 21 November, 2024, respectively.

Currently, the stock is trading 15.22 percent below its 52-week high and 32.69 percent above its 52-week low.

Market capitalisation stands at Rs 284,857.52 crore.

QIB – 16.02 times

NII - 253.41 times

Retail – 113.22 times

Overall – 150.82 times

Bank Albilad will partner with Intellect Design Arena to synergise its digital banking capabilities.

Bank Albilad is driving the evolution of wholesale banking in Saudi Arabia. With emerging technologies and intelligent platforms, the bank will deliver customer-centric and future-ready solutions.

Intellect Design Arena was quoting at Rs 936.50, down Rs 7.50, or 0.79 percent.

It has touched an intraday high of Rs 943.20 and an intraday low of Rs 923.90.

In the previous trading session, the share closed down 3.00 percent or Rs 29.20 at Rs 944.00.

The share touched a 52-week high of Rs 1,255.00 and a 52-week low of Rs 555.05 on 17 June, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 25.38 percent below its 52-week high and 68.72 percent above its 52-week low.

Market capitalisation stands at Rs 13,021.97 crore.

Aegis Logistics was quoting at Rs 702, down Rs 10.30, or 1.45 percent.

It has touched an intraday high of Rs 712 and an intraday low of Rs 700.30.

In the previous trading session, the share closed down 1.14 percent or Rs 8.25 at Rs 712.30.

The share touched a 52-week high of Rs 1,035.70 and a 52-week low of Rs 610.50 on 08 January, 2025 and 28 January, 2025, respectively.

Currently, the stock is trading 32.22 percent below its 52-week high and 14.99 percent above its 52-week low.

Market capitalisation stands at Rs 24,640.20 crore.

Life Insurance Corporation of India was quoting at Rs 884.50, down Rs 8.20, or 0.92 percent.

It has touched an intraday high of Rs 896.95 and an intraday low of Rs 883.00.

It was trading with volumes of 11,813 shares, compared to its five day average of 32,645 shares, a decrease of -63.81 percent.

It was trading with volumes of 11,813 shares, compared to its thirty day average of 47,121 shares, a decrease of -74.93 percent.

In the previous trading session, the share closed up 0.08 percent or Rs 0.70 at Rs 892.70.

The share touched a 52-week high of Rs 1,159.60 and a 52-week low of Rs 715.35 on 09 August, 2024 and 03 March, 2025, respectively.

Currently, the stock is trading 23.72 percent below its 52-week high and 23.65 percent above its 52-week low.

Market capitalisation stands at Rs 559,446.05 crore.

Titan Company, Life Insurance Corporation of India, Hindustan Petroleum Corporation. Godrej Consumer Products, Biocon, Cummins India, Metropolis Healthcare, National Aluminium Company, Kalyan Jewellers India, Kalpataru Projects International, Aegis Logistics, Aegis Vopak Terminals, Apollo Tyres, Bajaj Electricals, Birlasoft, Data Patterns (India), Edelweiss Financial Services, Emcure Pharmaceuticals, General Insurance Corporation of India, Indigo Paints, CE Info Systems, Global Health, Medi Assist Healthcare Services, Page Industries, Ramco Cements, Shree Renuka Sugars, and Sai Life Sciences will release their quarterly earnings on August 7.

Indian rupee is trading marginally higher at 87.70 per dollar versus previous close of 87.73.

#1 Q1 revenue above estimates

#2 With ATP up 8 percent YoY, PVR Inox movies ticket sales were up 23 percent YoY

#3 In 1QFY26, PVR Inox bollywood & hollywood movies GBOC increased 38–72 percent YoY

#4 Management highlighted July has also been strong with an 18-month high in admissions

#1 Profit grows 5.9 percent to Rs 36.2 crore Vs Rs 34.2 crore, YoY

#2 Revenue soars 20.5 percent to Rs 922.5 crore Vs Rs 765.8 crore, YoY

#1 Profit increases 10.2 percent to Rs 714.2 crore Vs Rs 648.1 crore, YoY

#2 Revenue rises 8.2 percent to Rs 10,207.1 crore Vs Rs 9,429.8 crore, YoY

The Sensex was down 463.08 points or 0.57 percent at 80,080.91, and the Nifty was down 146.85 points or 0.60 percent at 24,427.35. About 1098 shares advanced, 2315 shares declined, and 117 shares unchanged.

LTIMindtree has been awarded a RS 792 crore mandate by Government of India’s Central Board of Direct Taxes (CBDT) to transform India’s PAN (Permanent Account Number) infrastructure.

As a part of the Government to Citizen (G2C) initiative, this PAN 2.0 project will consolidate all PAN and TAN services into a single, streamlined digital platform, making it easier for citizens and businesses to access and manage one of India’s core financial identity systems.

Monte Carlo Fashions was quoting at Rs 568.90, down Rs 1.35, or 0.24 percent.

It has touched an intraday high of Rs 573.90 and an intraday low of Rs 554.55.

In the previous trading session, the share closed down 1.10 percent or Rs 6.35 at Rs 570.25.

The share touched a 52-week high of Rs 984.00 and a 52-week low of Rs 507.40 on 10 December, 2024 and 04 March, 2025, respectively.

Currently, the stock is trading 42.18 percent below its 52-week high and 12.12 percent above its 52-week low.

Market capitalisation stands at Rs 1,179.45 crore.

#1 Loss narrows to Rs 19.8 crore Vs Rs 23.2 crore, YoY

#2 Revenue jumps 17.2 percent to Rs 1,430.4 crore Vs Rs 1,220.1 crore, YoY

#1 Loss stands at Rs 13.1 crore Vs Profit of Rs 4.04 crore, YoY

#2 Revenue declines 12.1 percent to Rs 561.4 crore Vs Rs 638.9 crore, YoY

The escalation from 25% to 50% tariffs will create sector-specific pressures rather than broad market disruption for Indian equities. The Nifty 50's limited 9% direct exposure to the US, primarily concentrated in IT services which remain exempt from goods-based duties, provides substantial insulation. However, stocks in gems and jewellery, apparel, textiles, and chemicals face immediate headwinds as these sectors represent the most vulnerable $8 billion export segment.

The 21 -day implementation window creates near-term volatility through currency weakness and reduced foreign flows, while pharmaceutical and semiconductor exporters maintain protection through tariff exemptions.

Large-scale manufacturing operations, particularly in electronics assembly, should see minimal impact due to specific exclusions. The market correction will likely be concentrated in export dependent sectors rather than broad-based, with potential government support measures expected for the most affected industries to cushion the blow on vulnerable stock segments.

#1 Loss widens to Rs 455.5 crore Vs loss of Rs 211.4 crore, YoY

#2 Revenue rises 0.03 percent to Rs 5,486.9 crore Vs Rs 5,484.9 crore, YoY

The ad valorem duty imposition of 25% to the existing tariff is unfortunate and a major blow to the overall Indian exports ecosystem, especially the gems & jewellery sector. As a result, this will lead to a sharp rise in duty for studded gold jewellery exports from India, leading to a further massive decline in Indian jewellery exports to one of the biggest consumer markets. Along with this, the decline in the INR due to headwinds influenced by spike in tariff will further lead to a volatile scenario back in domestic economy as gold pricing will be volatile.

We hope the government will take up the much delayed SEZ reforms and take measures which boost ecommerce globally as the industry will have to take up market diversification urgently. We will also need FTA’s with other developing markets specially the BRICS. The government should also allocate large budgets for promoting the “Make in India” brand globally.

#1 Profit sinks 86.7 percent to Rs 1.94 crore Vs Rs 14.6 crore, YoY

#2 Revenue declines 7.9 percent to Rs 118.3 crore Vs Rs 128.4 crore, YoY

#1 Profit drops 26.5 percent to Rs 164.6 crore Vs Rs 224 crore, YoY

#2 Revenue falls 21.9 percent to Rs 1,786.3 crore Vs Rs 2,287.1 crore, YoY

The Sensex was down 435.95 points or 0.54 percent at 80,108.04, and the Nifty was down 143.05 points or 0.58 percent at 24,431.15. About 1153 shares advanced, 2155 shares declined, and 129 shares unchanged.

Shares of power plant equipment manufacturer BHEL were sharply lower by over 6 percent in early trade on August 7, reacting to the sharp widening of loss in the June quarter, with CLSA issuing an 'Underperform' call with a target price of Rs 198 per share, lower by over 17 percent compared to previous close.

State-owned Bharat Heavy Electricals (BHEL) said its net loss more than doubled to Rs 455.50 crore in the June quarter mainly due to higher expenses, compared to a net loss of Rs 211.40 crore a year ago. The total income rose slightly to Rs 5,658.07 crore in the quarter compared to Rs 5,581.78 crore a year ago. Read More