Closing Bell: Nifty at 25,100, Sensex down 375 points; IT, financials major drag

Indian benchmark indices ended lower on July 17 with Nifty around 25,100. At close, the Sensex was down 375.24 points or 0.45 percent at 82,259.24, and the Nifty was down 100.60 points or 0.40 percent at 25,111.45.

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.

Markets remained volatile on the weekly expiry day and ended nearly half a percent lower amid mixed cues. After a flat start, the Nifty index gradually drifted lower, and a mid-session rebound attempt failed to sustain. Eventually, it closed near the day’s low at 25,111, down by 0.40%. The sectoral trend remained mixed, with realty, metal, and pharma posting gains, while key sectors like IT and banking emerged as the top laggards. Interestingly, the broader indices displayed relative strength and ended almost flat despite the benchmark's decline.

Global uncertainty and a muted start to the earnings season are weighing on investor sentiment. However, sustained liquidity inflows are helping to cushion the downside. This is clearly evident in the current market environment, where a divergent trend is visible—while the benchmark index is under pressure, mainly due to weakness in heavyweight IT stocks.

At the same time, rate-sensitive sectors like auto, realty, and select banking, along with continued interest in defensives like FMCG and pharma, are not only limiting the losses but also offering ample long-side trading opportunities. The resilience in the broader market further adds to this positive undertone. We recommend aligning positions accordingly, with a focus on stock selection and risk management, as the current market tone is likely to persist.

Markets largely remained in the negative zone amid uncertainty over the impending announcement of the India-US tariff outcome, as investors resorted to selling in banking, IT and oil & gas shares that led the downfall in key benchmarks. Once the deal is announced and if it suits the interests of both the countries, there will be a relief in the markets and we may see short-term spurt, else the sluggish to pessimist mood could continue.

Also, the ongoing earnings season will have a bearing on the markets, and investors would take positions based on how the results pan out going ahead.

Nifty remained mostly under selling pressure throughout the day as the index failed to move beyond the crucial resistance level of 25,260, leading to long unwinding.

On the hourly chart, a consolidation breakout is visible, indicating weakening bullish momentum. The current sentiment appears bearish and may drag Nifty towards the 24,920–24,900 zone in the short term. On the higher side, 25,260 is likely to remain a strong resistance.

#1 EBIT up 0.7% at Rs 3,813 crore versus Rs 3,927 crore, QoQ

#2 EBIT margin at 17.3 percent versus 17.1 percent, QoQ

#1 Net Interest Income at Rs 13,560 crore

#2 Gross NPA at 1.57 percent versus 1.28 percent, QoQ

#3 Net NPA at 0.45 percent versus 0.33 percent, QoQ

Rupee traded weak by 0.12% at 86.02 as the dollar index found support near the 98.70 mark. Weakness in domestic capital markets also weighed on the rupee. The currency continues to face resistance near the 85.50 levels and has struggled to hold above that zone. Going ahead, the rupee is expected to trade in a range of 85.75 to 86.25.

Today, domestic stock market closed with a negative bias after a cautious and volatile session, reflecting investor apprehension amid mixed global cues and corporate earnings concerns. The BSE Sensex ending lower compared to its prior close around 82,634, while the NSE Nifty50 also declined from its near-flat position of 25,212. The negative closure was primarily driven by profit-taking in IT and financial sectors, along with uncertainty surrounding potential global trade disruptions and cautious stance ahead of quarterly earnings announcements from key companies such as Axis Bank, Wipro, and Jio Financial Services.

Key sectoral movers included weakness in IT, PSU bank, and private bank stocks, whereas sectors like Realty, Pharma, and Metals showed resilience but were not enough to lift the market.

Indian equity benchmarks ended marginally lower as investors exercised caution amid subdued Q1 earnings announcements, particularly in the technology and banking sectors. Market participants remained sidelined due to elevated valuations of large-cap stocks and FII outflows owing to the uncertainty regarding US-India trade deal; however, any positive developments could amplify market sentiment.

Despite the muted trend, strong domestic liquidity and selective buying in realty and consumption theme stocks helped to limit the downside, keeping the broader market in a range-bound phase. The domestic macro fundamentals, like GDP growth and the stable inflationary trend, remain supportive in the medium to long-term.

Indian rupee ended 13 paise lower at 86.07 per dollar on Thursday versus Wednesday's close of 85.94.

Indian benchmark indices ended lower on July 17 with Nifty around 25,100.

At close, the Sensex was down 375.24 points or 0.45 percent at 82,259.24, and the Nifty was down 100.60 points or 0.40 percent at 25,111.45. About 1931 shares advanced, 1942 shares declined, and 152 shares unchanged.

Biggest Nifty losers were Tech Mahindra, IndusInd Bank, Infosys, SBI Life Insurance, Wipro, while gainers included Tata Consumer, Tata Steel, Hindalco Industries, Trent, M&M.

On the sectoral front, IT, PSU Bank shed 0.5-1 percent, while metal, consumer durables, realty indices added 0.5-1 percent.

The BSE midcap index ended flat, while smallcap index rose 0.25 percent.

Emcure has entered into an exclusive distribution and promotion agreement with Sanofi India for Sanofi’s oral anti-diabetic (OAD) drugs, including Amaryl and Cetapin, in India. The agreement is effective immediately.

Emcure Pharmaceuticals was quoting at Rs 1,370.00, up Rs 6.15, or 0.45 percent.

It has touched an intraday high of Rs 1,395.00 and an intraday low of Rs 1,361.50.

It was trading with volumes of 7,687 shares, compared to its five day average of 9,643 shares, a decrease of -20.28 percent, and compared to its thirty day average of 18,067 shares, a decrease of -57.45 percent.

In the previous trading session, the share closed up 0.22 percent or Rs 2.95 at Rs 1,363.85.

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 13.15 percent below its 52-week high and 53.93 percent above its 52-week low.

Market capitalisation stands at Rs 25,962.64 crore.

The US Food and Drug Administration (USFDA) conducted a Remote Regulatory Assessment (RRA) at Zydus’ formulations manufacturing facility in Matoda, Gujarat, for the Prior Approval Supplement (PAS) of Atorvastatin Calcium Tablets USP (10 mg, 20 mg, 40 mg, and 80 mg). At closure, no observations were noted, and the site was recommended for approval.

Zydus Lifesciences was quoting at Rs 984.10, up Rs 15.50, or 1.60 percent.

It has touched an intraday high of Rs 985.60 and an intraday low of Rs 971.65.

It was trading with volumes of 22,975 shares, compared to its five day average of 55,222 shares, a decrease of -58.40 percent, and compared to its thirty day average of 55,017 shares, a decrease of -58.24 percent.

In the previous trading session, the share closed up 0.15 percent or Rs 1.45 at Rs 968.60.

The share touched a 52-week high of Rs 1,323.90 and a 52-week low of Rs 797.05 on 09 August, 2024 and 07 April, 2025, respectively.

Currently, the stock is trading 25.67 percent below its 52-week high and 23.47 percent above its 52-week low.

Market capitalisation stands at Rs 99,023.49 crore.

Axis Bank was quoting at Rs 1,160.10, down Rs 7.65, or 0.66 percent.

It has touched an intraday high of Rs 1,172.60 and an intraday low of Rs 1,155.20.

It was trading with volumes of 66,776 shares, compared to its five day average of 144,364 shares, a decrease of -53.74 percent, and compared to its thirty day average of 206,151 shares, a decrease of -67.61 percent.

In the previous trading session, the share closed up 0.21 percent or Rs 2.45 at Rs 1,167.75.

The share touched a 52-week high of Rs 1,318.00 and a 52-week low of Rs 934.00 on 18 July, 2024 and 27 January, 2025, respectively.

Currently, the stock is trading 11.98 percent below its 52-week high and 24.21 percent above its 52-week low.

Market capitalisation stands at Rs 359,801.48 crore.

The Sensex was down 353.26 points or 0.43 percent at 82,281.22, and the Nifty was down 94.95 points or 0.38 percent at 25,117.10. About 1756 shares advanced, 1764 shares declined, and 122 shares unchanged.

Heritage Foods was quoting at Rs 462.65, down Rs 15.80, or 3.30 percent.

It has touched an intraday high of Rs 486.70 and an intraday low of Rs 460.75.

It was trading with volumes of 24,765 shares, compared to its five day average of 28,421 shares, a decrease of -12.86 percent.

In the previous trading session, the share closed up 2.04 percent or Rs 9.55 at Rs 478.45.

The share touched a 52-week high of Rs 658.00 and a 52-week low of Rs 355.55 on 22 October, 2024 and 03 March, 2025, respectively.

Currently, the stock is trading 29.69 percent below its 52-week high and 30.12 percent above its 52-week low.

Market capitalisation stands at Rs 4,293.21 crore.

#1 Strong deal wins, top client stability & steady margin improvement are positives

#2 Concerns include weak deal conversion, tough manufacturing outlook & macro challenges balancing growth & margin

Tech Mahindra was quoting at Rs 1,565.00, down Rs 42.95, or 2.67 percent.

It has touched an intraday high of Rs 1,607.90 and an intraday low of Rs 1,563.50.

It was trading with volumes of 193,200 shares, compared to its five day average of 72,659 shares, an increase of 165.90 percent.

In the previous trading session, the share closed up 1.87 percent or Rs 29.55 at Rs 1,607.95.

The share touched a 52-week high of Rs 1,807.40 and a 52-week low of Rs 1,209.70 on 12 December, 2024 and 07 April, 2025, respectively.

Currently, the stock is trading 13.41 percent below its 52-week high and 29.37 percent above its 52-week low.

Market capitalisation stands at Rs 153,251.81 crore.

#1 Q1 revenue missed, but profits beat estimates due to higher other income

#2 Order wins were strong; growth expected to resume from Q2

#3 Target of 15 percent margin by FY27 requires 75 bps expansion per quarter over 7 quarters

#4 Rich valuations based on overly optimistic consensus estimate drive continued underperform rating

Axis Bank, Wipro, Jio Financial Services, LTIMindtree, HDFC Asset Management Company, 360 ONE WAM, Alok Industries, Ceat, Clean Science and Technology, Indian Hotels Company, Nuvoco Vistas Corporation, Polycab India, Shoppers Stop, Sunteck Realty, Sterling and Wilson Renewable Energy, Tata Communications, and Waaree Renewable Technologies will release their quarterly earnings scorecard on July 17.

Hexaware Technologies has entered into two separate share purchase agreements on July 17, 2025, for the acquisition of Tech SMC Square India and Tech SMCSquared (GCC) India.

The acquisition is for all cash consideration and is expected to close on July 17, 2025.

#1 Q1FY26 was a mixed bag

#2 Deal wins & pipeline remain strong; aiming for better revenue growth in FY26 vs FY25

#3 Business repair is ongoing, revised FY26–27 EPS up by 1–2 percent

Indian rupee erased all the intraday gains and trading at 85.95 per dollar versus Wednesday's close of 85.94.

Newgen Software Technologies was quoting at Rs 1,095.00, up Rs 1.30, or 0.12 percent.

It has touched an intraday high of Rs 1,102.00 and an intraday low of Rs 1,092.00.

It was trading with volumes of 8,271 shares, compared to its five day average of 17,739 shares, a decrease of -53.37 percent.

In the previous trading session, the share closed up 1.31 percent or Rs 14.15 at Rs 1,093.70.

The share touched a 52-week high of Rs 1,795.50 and a 52-week low of Rs 740.05 on 15 January, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 39.01 percent below its 52-week high and 47.96 percent above its 52-week low.

Market capitalisation stands at Rs 15,507.96 crore.

#1 Results in-line with expectations

#2 Strong deal wins over the last three quarters; optimistic on revenue conversion

#3 Margin recovery expected to be gradual

#4 No major negative surprises; near-term view remains positively biased despite limited upside

The real estate developer has announced its entry into Raipur through the acquisition of 50 acres of land.

Development on this land will primarily consist of premium plotted residential units, offering an estimated saleable area of 9.5 lakh square feet.

The National Company Law Tribunal (NCLT) Mumbai Bench Court V has passed an order for initiation of Corporate Insolvency Resolution Process (CIRP) in respect of M/s. Hem Infrastructure and Property Developers Private Limited (HIPDPL) which is a Joint Venture entity wherein investment was made through a wholly owned subsidiary of the company.

The order was passed pursuant to a Petition filed by JM Financial Credit Solutions Ltd (financial creditor) against HIPDPL by invoking corporate guarantee given by HIPDPL in respect of loans of around Rs 266 crores advanced to M/s. Hem-Bhattad AOP (primary borrower).

The Sensex was down 150.11 points or 0.18 percent at 82,484.37, and the Nifty was down 32 points or 0.13 percent at 25,180.05. About 1855 shares advanced, 1551 shares declined, and 139 shares unchanged.

The company has announced the standardization of six airbags in the Ertiga and Baleno. This will result in an average ex-showroom price increase of 1.4% for the Ertiga and 0.5% for the Baleno, effective July 16.

The company has emerged as one of the Lowest (Ll) Bidders in a tender floated by NHPC Limited for "Setting up of 1200 MW ISTS (Inter State Transmission System) Connected Solar Power Projects with 600MW2400MWh Energy Storage Systems (ESS) on anywhere in India basis under Tariff Based Competitive Bidding (TBCB) with Green Shoe Optiorr" at a quoted price of Rs 3.13/kwh.

The share price rose on the third consecutive session.

The bond allotment committee in their meeting held today has approved the raising of debentures as unsecured, taxable, redeemable, non-convertible, non cumulative NCDs of face value of Rs 1,00,000 each (Series-D 2025) aggregating up to Rs 3000 crore on private placement basis.

Housing & Urban Development Corporation was quoting at Rs 230.30, down Rs 2.20, or 0.95 percent.

It has touched an intraday high of Rs 233.30 and an intraday low of Rs 229.95.

It was trading with volumes of 52,422 shares, compared to its five day average of 171,691 shares, a decrease of -69.47 percent.

In the previous trading session, the share closed down 0.39 percent or Rs 0.90 at Rs 232.50.

The share touched a 52-week high of Rs 336.75 and a 52-week low of Rs 158.90 on 18 July, 2024 and 03 March, 2025, respectively.

Currently, the stock is trading 31.61 percent below its 52-week high and 44.93 percent above its 52-week low.

Market capitalisation stands at Rs 46,103.76 crore.

Sona BLW Precision Forgings was quoting at Rs 488.70, up Rs 33.50, or 7.36 percent.

It has touched an intraday high of Rs 489.20 and an intraday low of Rs 456.00.

It was trading with volumes of 3,705,473 shares, compared to its five day average of 107,400 shares, an increase of 3,350.15 percent.

In the previous trading session, the share closed down 0.23 percent or Rs 1.05 at Rs 455.20.

The share touched a 52-week high of Rs 767.80 and a 52-week low of Rs 379.80 on 23 September, 2024 and 07 April, 2025, respectively.

Currently, the stock is trading 36.35 percent below its 52-week high and 28.67 percent above its 52-week low.

Market capitalisation stands at Rs 30,383.36 crore.

The board of directors of the company at its meeting held on July 17, 2025 considered and recommended for issue of bonus shares in the ratio of 2:1 i.e. 2 new fully paid-up equity shares of Rs 2 each for every 1 existing fully paid-up equity share of Rs 2 to the eligible equity shareholders of the company as on record date, subject to approval of the shareholders of the company.

Patanjali Foods was quoting at Rs 1,867.55, up Rs 5.20, or 0.28 percent.

It has touched an intraday high of Rs 1,876.40 and an intraday low of Rs 1,846.40.

It was trading with volumes of 66,325 shares, compared to its five day average of 39,530 shares, an increase of 67.78 percent.

In the previous trading session, the share closed up 6.84 percent or Rs 119.20 at Rs 1,862.35.

The share touched a 52-week high of Rs 2,030.00 and a 52-week low of Rs 1,541.00 on 04 September, 2024 and 18 July, 2024, respectively.

Currently, the stock is trading 8 percent below its 52-week high and 21.19 percent above its 52-week low.

Market capitalisation stands at Rs 67,699.87 crore.

#1 Profit zooms 27.5 percent to Rs 18.9 crore Vs Rs 14.9 crore, YoY

#2 Revenue surges 72.9 percent to Rs 314.5 crore Vs Rs 181.9 crore, YoY

LE Travenues Technology (IXIGO) was quoting at Rs 204.55, up Rs 25.45, or 14.21 percent.

It has touched a 52-week high of Rs 206.40.

It has touched an intraday high of Rs 206.40 and an intraday low of Rs 189.65.

It was trading with volumes of 5,778,023 shares, compared to its five day average of 45,184 shares, an increase of 12,687.71 percent.

In the previous trading session, the share closed up 1.70 percent or Rs 3.00 at Rs 179.10.

Market capitalisation stands at Rs 7,983.42 crore.

Based on the recommendation of the Nomination and Remuneration Committee, the board has approved the appointment of Ms. Amisha Jain as the new MD & CEO for a term of 5 consecutive years effective from 13th August 2025 in succession to Mr. Shailesh Chaturvedi.

Arvind Fashions Limited was quoting at Rs 472.00, up Rs 11.40, or 2.48 percent.

It has touched an intraday high of Rs 476.50 and an intraday low of Rs 462.05.

It was trading with volumes of 8,703 shares, compared to its five day average of 12,524 shares, a decrease of -30.51 percent.

In the previous trading session, the share closed up 0.77 percent or Rs 3.50 at Rs 460.60.

The share touched a 52-week high of Rs 639.45 and a 52-week low of Rs 338.00 on 16 October, 2024 and 07 April, 2025, respectively.

Currently, the stock is trading 26.19 percent below its 52-week high and 39.64 percent above its 52-week low.

Market capitalisation stands at Rs 6,300.88 crore.

#1 Q1FY26 revenue & margin missed estimates, Q2 likely to remain weak

#2 Strong deals expected to improve H2 performance

#3 Sustainability momentum remains strong

#4 Tech expected to improve, but mobility may struggle near term

#5 LTTS has among the best ER&D capabilities, but organic growth is weaker vs peers near term

#1 1QFY26 beat estimates driven by 13 percent RevPAR growth, Sri Lanka scale-up & higher other income

#2 Absorbed additional overheads post-demerger

#3 Raised FY26–28 EBITDA estimates by 4 percent

The Sensex was down 88.37 points or 0.11 percent at 82,546.11, and the Nifty was down 21.60 points or 0.09 percent at 25,190.45. About 1920 shares advanced, 1450 shares declined, and 162 shares unchanged.

Indian rupee is tarding flat at 85.93 per dollar versus Wednesday's close of 85.94.

Axis Bank, Wipro, Jio Financial Services, LTIMindtree, HDFC Asset Management Company, 360 ONE WAM, Alok Industries, Ceat, Clean Science and Technology, Indian Hotels Company, Nuvoco Vistas Corporation, Polycab India, Shoppers Stop, South Indian Bank, Sunteck Realty, Sterling and Wilson Renewable Energy, Tata Communications, and Waaree Renewable Technologies will release their quarterly earnings scorecard on July 17.

#1 Q1FY26 performance is on track with FY27 strategic plan

#2 Management expects FY27 growth to exceed peer group average

#3 Delay in margin expansion remains a key downside risk

The company made a strong debut on the stock exchanges, with a premium of 7% in today trading session. The issue saw strong interest from Institutional and retail investors; it was subscribed by 14 times.

Smart work is one of India’s largest providers of managed office spaces for enterprises, which offered fully serviced and tech enabled office environment. As on FY25, they have managed a total super built up area of 8.99million sq ft with focus mainly on leading entire/large properties in prime locations from Landlords and convert into fully serviced pleasing and tech enabled campus with extensive integrated proprietary technology solutions and amenities such as cafeterias, sport zones, Smart Convenience Stores, gymnasiums, crèches and medical centres.

Company operating performance has improved in last three years. In FY25, revenue increased to Rs 1403cr in FY25 from Rs 7498cr in FY23. EBITDA jump to Rs 9254cr in FY25 from Rs 425cr in FY23 reflecting strong operating leverage. Though it posted a loss of Rs 63cr in FY25 on concerns of high depreciation and interest cost.

Going forward, interest cost will be reduced, as IPO proceeds will be utilised for debt repayment and capex will be incurred on fit out for new centres.

We advised, it should be hold for medium to long term as the company focus mainly on B2B and the balance sheet to improved in upcoming quarters.

According to smallcase Managers, Indian equity markets are expected to maintain their upward momentum, supported by strong macroeconomic fundamentals and favorable policy tailwinds. With the Nifty50 rebounding from its March lows, technical resistance is anticipated around 26,300. A decisive breakout could propel the index toward 27,500 or higher by year-end.

Key catalysts in the second half of 2025 include clarity on U.S. tariff policies and their implications for global trade, resolution of geopolitical tensions in the Indo-Pacific and Middle East, and progress on strategic trade agreements—particularly the UK–India Free Trade Agreement, which could unlock export opportunities in sectors such as textiles, pharmaceuticals, and engineering.

However, smallcase Managers advise investors to closely track U.S. inflation trends. Although inflation currently appears subdued, the outlook remains uncertain due to potential disruptions in goods supply stemming from tariff-related developments. Should trade negotiations progress swiftly, ensuring stable and affordable supply chains, the U.S. Federal Reserve may begin rate cuts—potentially boosting global equity markets and attracting stronger foreign institutional inflows.

While the Fed has maintained interest rates steady through CY25 amid concerns about inflation and labor market uncertainties, the European Central Bank has already implemented a 100 basis point rate cut. Any softening by the Fed may provide the Reserve Bank of India with room to ease rates further. Additional rate cuts by the RBI could stimulate domestic consumption and economic growth, offering further support to the market outlook.

Emcure has entered into an exclusive distribution and promotion agreement with Sanofi India for Sanofi’s oral anti-diabetic (OAD) drugs, including Amaryl and Cetapin, in India. The agreement is effective immediately.

Emcure Pharmaceuticals was quoting at Rs 1,364.80, up Rs 0.95, or 0.07 percent.

It has touched an intraday high of Rs 1,395.00 and an intraday low of Rs 1,361.50.

It was trading with volumes of 5,856 shares, compared to its five day average of 9,643 shares, a decrease of -39.27 percent.

In the previous trading session, the share closed up 0.22 percent or Rs 2.95 at Rs 1,363.85.

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 13.48 percent below its 52-week high and 53.35 percent above its 52-week low.

Market capitalisation stands at Rs 25,864.10 crore.

#1 Q1FY26 missed revenue forecasts

#2 Deal wins were strong; pipeline remains robust

#3 FY26E double-digit revenue growth guidance appears ambitious

#4 EBIT margin likely under pressure in Q2; gradual recovery expected through FY26–28

The Board of Directors of the bank has approved the launch of a Qualified Institutional Placement (QIP) issuance on July 16, with the floor price set at Rs 811.05 per share.

This floor price is lower than the closing price of Rs 831.55 per share on Wednesday.

State Bank of India was quoting at Rs 838.80, up Rs 7.25, or 0.87 percent.

It has touched an intraday high of Rs 842.30 and an intraday low of Rs 828.25.

It was trading with volumes of 420,617 shares, compared to its five day average of 317,551 shares, an increase of 32.46 percent.

In the previous trading session, the share closed up 1.81 percent or Rs 14.80 at Rs 831.55.

The share touched a 52-week high of Rs 898.80 and a 52-week low of Rs 679.65 on 19 July, 2024 and 03 March, 2025, respectively.

Currently, the stock is trading 6.68 percent below its 52-week high and 23.42 percent above its 52-week low.

Market capitalisation stands at Rs 748,597.13 crore.

Sterlite Technologies has achieved a major milestone in sustainable manufacturing by collaborating with Hygenco for Maharashtra’s

first green hydrogen and green oxygen production facility for optical fibre.

The green hydrogen project, centred in Chhatrapati Sambhaji Nagar, Maharashtra, will supply green hydrogen and oxygen to STL’s glass preform facility.

Sterlite Technologies was quoting at Rs 117.50, up Rs 2.85, or 2.49 percent.

It has touched an intraday high of Rs 118.00 and an intraday low of Rs 112.50.

It was trading with volumes of 237,177 shares, compared to its five day average of 244,403 shares, a decrease of -2.96 percent.

In the previous trading session, the share closed up 0.57 percent or Rs 0.65 at Rs 114.65.

The share touched a 52-week high of Rs 155.25 and a 52-week low of Rs 58.51 on 30 July, 2024 and 05 May, 2025, respectively.

Currently, the stock is trading 24.32 percent below its 52-week high and 100.82 percent above its 52-week low.

Market capitalisation stands at Rs 5,733.46 crore.

The company board approved issue of 2,70,49,301 fully paid-up equity shares of face value of Rs 10 each, for an aggregate amount not exceeding Rs. 749,26,56,377 at Rs 277 per fully paid-up equity shares.

#1 Reported another in-line quarter at EBIT level

#2 Slower revenue offset by better margin & strong order wins

#3 Focus on top accounts, must-have clients & large profitable deals

#4 Growth expected to begin next quarter; FY26 revenue to exceed FY25

#1 Commentary largely in-line with expectations

#2 Future stock performance likely to depend on base business performance

#3 Improvement in US operations will be key

#4 In India, EM & Europe, company aims to grow through innovation-led brands

The US Food and Drug Administration (USFDA) conducted a Remote Regulatory Assessment (RRA) at Zydus’ formulations manufacturing facility in Matoda, Gujarat, for the Prior Approval Supplement (PAS) of Atorvastatin Calcium Tablets USP (10 mg, 20 mg, 40 mg, and 80 mg). At closure, no observations were noted, and the site was recommended for approval.

Zydus Lifesciences was quoting at Rs 977.80, up Rs 9.20, or 0.95 percent.

It has touched an intraday high of Rs 982.20 and an intraday low of Rs 971.65.

It was trading with volumes of 9,054 shares, compared to its five day average of 55,222 shares, a decrease of -83.60 percent.

In the previous trading session, the share closed up 0.15 percent or Rs 1.45 at Rs 968.60.

The share touched a 52-week high of Rs 1,323.90 and a 52-week low of Rs 797.05 on 09 August, 2024 and 07 April, 2025, respectively.

Currently, the stock is trading 26.14 percent below its 52-week high and 22.68 percent above its 52-week low.

Market capitalisation stands at Rs 98,389.56 crore.

The Ministry of Mines has issued a Letter of Intent to Hindustan Zinc, naming it the preferred bidder for the grant of a composite license through the e-auction of the Jhandawali–Satipura Amalgamated Potash and Halite block in Rajasthan.

The block covers an extent of 1,841.25 hectares in the Hanumangarh district.

Hindustan Zinc was quoting at Rs 437.05, up Rs 1.85, or 0.43 percent.

It has touched an intraday high of Rs 439.55 and an intraday low of Rs 436.10.

It was trading with volumes of 54,926 shares, compared to its five day average of 167,678 shares, a decrease of -67.24 percent.

In the previous trading session, the share closed down 0.48 percent or Rs 2.10 at Rs 435.20.

The share touched a 52-week high of Rs 672.85 and a 52-week low of Rs 378.65 on 18 July, 2024 and 03 March, 2025, respectively.

Currently, the stock is trading 35.04 percent below its 52-week high and 15.42 percent above its 52-week low.

Market capitalisation stands at Rs 184,667.57 crore.

Thermax was quoting at Rs 3,813.60, up Rs 166.30, or 4.56 percent.

It has touched an intraday high of Rs 3,830.00 and an intraday low of Rs 3,710.05.

It was trading with volumes of 31,060 shares, compared to its five day average of 2,676 shares, an increase of 1,060.60 percent.

In the previous trading session, the share closed up 4.89 percent or Rs 170.05 at Rs 3,647.30.

The share touched a 52-week high of Rs 5,721.20 and a 52-week low of Rs 2,930.05 on 28 October, 2024 and 07 April, 2025, respectively.

Currently, the stock is trading 33.34 percent below its 52-week high and 30.15 percent above its 52-week low.

Market capitalisation stands at Rs 45,441.45 crore.

The real estate developer has announced its entry into Raipur through the acquisition of 50 acres of land.

Development on this land will primarily consist of premium plotted residential units, offering an estimated saleable area of 9.5 lakh square feet.

Godrej Properties was quoting at Rs 2,307.80, up Rs 18.45, or 0.81 percent.

It has touched an intraday high of Rs 2,333.15 and an intraday low of Rs 2,293.00.

It was trading with volumes of 19,627 shares, compared to its five day average of 13,317 shares, an increase of 47.38 percent.

In the previous trading session, the share closed up 0.77 percent or Rs 17.55 at Rs 2,289.35.

The share touched a 52-week high of Rs 3,400.00 and a 52-week low of Rs 1,869.50 on 26 September, 2024 and 07 April, 2025, respectively.

Currently, the stock is trading 32.12 percent below its 52-week high and 23.44 percent above its 52-week low.

Market capitalisation stands at Rs 69,512.35 crore.

The National Company Law Tribunal (NCLT) Mumbai Bench Court V has passed an order for initiation of Corporate Insolvency Resolution Process (CIRP) in respect of M/s. Hem Infrastructure and Property Developers Private Limited (HIPDPL) which is a Joint Venture entity wherein investment was made through a wholly owned subsidiary of the company.

The order was passed pursuant to a Petition filed by JM Financial Credit Solutions Ltd (financial creditor) against HIPDPL by invoking corporate guarantee given by HIPDPL in respect of loans of around Rs 266 crores advanced to M/s. Hem-Bhattad AOP (primary borrower).

The Sensex was down 63.50 points or 0.08 percent at 82,570.98, and the Nifty was down 20.90 points or 0.08 percent at 25,191.15. About 1907 shares advanced, 1166 shares declined, and 184 shares unchanged.