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Closing Bell: Nifty below 24,700, Sensex slips 572 pts; pharma outperforms

July 28, 2025· 16:15 IST

BSE Midcap index shed 0.7 percent and smallcap index fell 1.3 percent. Shriram Finance, Cipla, Hero MotoCorp, HUL, SBI Life were among major gainers on the Nifty, while losers were Kotak Mahindra Bank, Wipro, Bajaj Finance, Bharti Airtel, IndusInd Bank. Except pharma, all other sectoral indices ended in the red with realty index plunged 4 percent, media index shed nearly 3 percent, capital goods, metal, telecom, PSU bank, private bank indices declined 1-1.5 percent.

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July 28, 2025· 16:15 IST

Market Close | Nifty below 24,700, Sensex down 572 pts

Indian equity indices ended on a negative note with Nifty at 24,700 on July 28. At close, the Sensex was down 572.07 points or 0.70 percent at 80,891.02, and the Nifty was down 156.10 points or 0.63 percent at 24,680.90.

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.

July 28, 2025· 16:13 IST

July 28, 2025· 16:12 IST

Prashanth Tapse, Senior VP (Research), Mehta Equities

While India's expensive valuations have been prompting investors to redeem their holdings at regular intervals, muted Q1 results so far and persistent selling by overseas investors has intensified selling pressure over past few sessions. Also, investors are taking a cautious approach and curbing their holdings ahead of the monthly F&O expiry on Thursday amid global economic uncertainty and sluggish demand back home.

July 28, 2025· 16:06 IST

Shrikant Chouhan, Head Equity Research, Kotak Securities

Today, the benchmark indices continued to face selling pressure at higher levels. The Nifty ended 156 points lower, while the Sensex was down by 572 points. Among sectors, the Realty index lost the most, shedding nearly 4.29 percent, whereas some buying interest was seen in selective pharma and FMCG stocks. Technically, a bearish candle on daily charts and a lower top formation on intraday charts indicate further weakness from the current levels.

We are of the view that as long as the market is trading below 24,800/81100, the weak sentiment is likely to continue. On the downside, the market may correct until 24,550–24,500/80500-80350. On the upside, a break above 24,800/81100 could lead to a pullback rally extending up to 24,900/81400. Further upside may also continue, potentially pushing the market up to 25,000/81700.

July 28, 2025· 16:04 IST

Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities

The downside momentum continued for the third consecutive sessions on Monday and Nifty closed the day lower by 156 points. After opening lower, the market made an attempt of recovery in the early part of the session. The bounce back effort has failed and the market weakened further in the mid to later part of the session.

A reasonable negative candle was formed on the daily chart with upper shadow. Technically, this market action indicates downside continuation pattern with sell on rise opportunity.

The bearish chart pattern like lower highs and lower lows intact on the daily chart and present weakness could be in line with the new lower low formation.

The underlying trend of Nifty remains weak and one may expect some more declines in the coming sessions. The next crucial lower supports to be watched around 24500. Immediate resistance is placed at 24800.

July 28, 2025· 16:02 IST

Ajit Mishra – SVP, Research, Religare Broking

Markets remained under pressure and declined over half a percent, extending the ongoing corrective phase. After an initial dip, the Nifty attempted to recover, but sharp selling in Kotak Bank following its earnings and continued weakness in select heavyweights from the telecom and IT sectors dragged the index lower as the session progressed. As a result, the Nifty slipped below its immediate support level of 24,700 and eventually settled at 24,680.90. Most sectors ended in the red, with realty, metal, and banking emerging as the top losers. The broader indices also came under pressure, shedding between 0.90% and 1.33%.

Markets are currently grappling with headwinds on both domestic and global fronts. On the domestic side, earnings disappointments and persistent foreign fund outflows are dampening sentiment. In the banking space, earlier resilience had helped limit the decline; however, renewed pressure across the sector—except for heavyweights ICICI Bank and HDFC Bank—is adding to participants’ concerns. Globally, uncertainty surrounding trade deals, despite strength in the US markets, is contributing to the cautious approach.

We now view the 24,450–24,550 zone as a critical support area, while the 24,900–25,000 range is likely to act as a resistance zone in case of a rebound. Traders should maintain a cautious stance and adjust their positions accordingly.

July 28, 2025· 15:52 IST

Vaibhav Vidwani, Research Analyst at Bonanza

Today Indian stock market closed negatively, with the Nifty 50 index falling 0.63% to 24,680 and the Sensex declining by around 570 points, settling near 80,890. The negative close was primarily driven by heavy selling pressure in key banking stocks, especially Kotak Mahindra Bank, which fell nearly 7% after reporting a consolidated net profit drop for the June quarter and highlighting stress in its retail commercial vehicle loan segment due to unfavorable macroeconomic conditions.

Weak Asian market cues, with major indices like Japan's Nikkei and South Korea's Kospi declining, also contributed to investor caution. Additionally, a rise in Brent crude oil prices increased concerns about inflationary pressures for India, an oil-importing country.

IT sector stocks faced selling pressure as well, led by companies like TCS and Infosys, with TCS announcing a workforce reduction of 2%, adding to the bearish sentiment. Market volatility, measured by India VIX, rose by nearly 7%, signaling increased nervousness among traders.

July 28, 2025· 15:49 IST

Rupak De, Senior Technical Analyst at LKP Securities

Once again, bears ruled the day as the Nifty fell below 24,700 amid rising weakness in the market. During the session, the index faced resistance around the 50-EMA and remained below it until the close.

The RSI continues to support the bears with its negative crossover. In the short term, the index may remain under pressure, with a possibility of slipping towards 24,550. On the higher end, resistance is seen at 24,800 and 24,950.

July 28, 2025· 15:47 IST

July 28, 2025· 15:40 IST

Vinod Nair, Head of Research, Geojit Investments

Domestic market sentiment has remained cautious, weighed down by a disappointing set of Q1 earnings, delays in the India-US trade agreement, and continued FII outflows. In contrast, global markets remain broadly positive, supported by US-EU trade developments that are perceived as less concerning than anticipated.

The upcoming monetary policy decisions from the Fed and BoJ, along with the trajectory of domestic quarterly earnings, are expected to play a pivotal role in shaping market direction in the near term.

July 28, 2025· 15:32 IST

Currency Check | Rupee closes lower at 86.65

Indian rupee ended 13 paise lower at 86.65 per dollar on Monday versus Friday's close of 86.52.

July 28, 2025· 15:30 IST

Market Close | Nifty below 24,700, Sensex slips 572 pts; pharma outperforms

Indian equity indices ended on a negative note with Nifty at 24,700 on July 28.

At close, the Sensex was down 572.07 points or 0.70 percent at 80,891.02, and the Nifty was down 156.10 points or 0.63 percent at 24,680.90. About 1206 shares advanced, 2767 shares declined, and 152 shares unchanged.

BSE Midcap index shed 0.7 percent and smallcap index fell 1.3 percent.

Shriram Finance, Cipla, Hero MotoCorp, HUL, SBI Life were among major gainers on the Nifty, while losers were Kotak Mahindra Bank, Wipro, Bajaj Finance, Bharti Airtel, IndusInd Bank.

Except pharma, all other sectoral indices ended in the red with realty index plunged 4 percent, media index shed nearly 3 percent, capital goods, metal, telecom, PSU bank, private bank indices declined 1-1.5 percent.

July 28, 2025· 15:26 IST

July 28, 2025· 15:22 IST

Earnings Watch | Thangamayil Jewellery Q1 net profit down 19.3% at Rs 45.7 crore versus Rs 56.6 crore, YoY

Thangamayil Jewellery was quoting at Rs 1,811.05, down Rs 26.85, or 1.46 percent.

It has touched an intraday high of Rs 1,855.00 and an intraday low of Rs 1,769.40.

It was trading with volumes of 4,431 shares, compared to its five day average of 13,720 shares, a decrease of -67.71 percent.

In the previous trading session, the share closed down 1.80 percent or Rs 33.60 at Rs 1,837.90.

The share touched a 52-week high of Rs 2,557.72 and a 52-week low of Rs 1,526.45 on 09 October, 2024 and 24 February, 2025, respectively.

Currently, the stock is trading 29.19 percent below its 52-week high and 18.64 percent above its 52-week low.

Market capitalisation stands at Rs 5,631.95 crore.

July 28, 2025· 15:21 IST

Brokerage Call | Jefferies maintains 'hold' rating on Bank Of Baroda, target price at Rs 255

#1 Profit largely in-line with estimates

#2 Rise in slippages from international loans & higher provisions fuelled credit cost

#3 Corporate loan growth retreat improved deposit mix & limited margin fall

#4 More correction expected in H2

#5 Domestic LDR at 82 percent, slow deposit growth poses risk

July 28, 2025· 15:18 IST

Earnings Watch | Motherson Sumi Wiring India Q1 net profit down 4% at Rs 143 crore versus Rs 149 crore, YoY

Motherson Sumi Wiring India was quoting at Rs 40.05, down Rs 0.43, or 1.06 percent.

It has touched an intraday high of Rs 40.92 and an intraday low of Rs 39.28.

It was trading with volumes of 255,637 shares, compared to its five day average of 448,522 shares, a decrease of -43.00 percent.

It was trading with volumes of 255,637 shares, compared to its thirty day average of 503,720 shares, a decrease of -49.25 percent.

In the previous trading session, the share closed down 2.17 percent or Rs 0.90 at Rs 40.48.

The share touched a 52-week high of Rs 51.33 and a 52-week low of Rs 30.71 on 29 July, 2024 and 28 February, 2025, respectively.

Currently, the stock is trading 21.98 percent below its 52-week high and 30.41 percent above its 52-week low.

Market capitalisation stands at Rs 26,559.81 crore.

July 28, 2025· 15:17 IST

Brokerage Call | Kotak Institutional Equity keeps 'sell' rating on Laurus Labs, target price raises to Rs 555

# 1 Strong Q1 led by robust CDMO growth and EBITDA beat

# 2 Company investing in new technologies & capacities given higher customer offtake visibility

#3 Expected approximately 34 percent synthesis sales CAGR over FY25–28

July 28, 2025· 15:12 IST

July 28, 2025· 15:10 IST

Brokerage Call | Citi keeps 'outperform' rating on Bank Of Baroda, target price at Rs 290

#1 PAT beat estimates by 8 percent, fuelled by higher NII & treasury income

#2 Offset partly by rising credit costs

#3 Domestic/global NIM declines were 10 bps/7 bps

#4 Loan book shrunk 2 percent QoQ

#5 Slippage was higher than expected due to one large international account

#6 Management expects NII pressure to continue in Q2 before easing

July 28, 2025· 15:04 IST

Earnings Watch | Bharat Electronics Q1 net profit at Rs 969 crore and revenue at Rs 4,117 crore

July 28, 2025· 15:03 IST

Earnings Watch | Ajanta Pharma Q1 net profit up 4% at Rs 255.3 crore versus Rs 245.8 crore, YoY

janta Pharma was quoting at Rs 2,789.55, up Rs 8.25, or 0.30 percent.

It has touched an intraday high of Rs 2,829.55 and an intraday low of Rs 2,727.05.

It was trading with volumes of 2,759 shares, compared to its five day average of 3,145 shares, a decrease of -12.27 percent.

In the previous trading session, the share closed down 0.48 percent or Rs 13.55 at Rs 2,781.30.

The share touched a 52-week high of Rs 3,485.75 and a 52-week low of Rs 2,022.05 on 12 September, 2024 and 07 April, 2025, respectively.

Currently, the stock is trading 19.97 percent below its 52-week high and 37.96 percent above its 52-week low.

Market capitalisation stands at Rs 34,844.85 crore.

July 28, 2025· 15:01 IST

Markets@3 | Sensex down 560 points, Nifty below 24700

The Sensex was down 562.28 points or 0.69 percent at 80,900.81, and the Nifty was down 151.55 points or 0.61 percent at 24,685.45. About 1094 shares advanced, 2524 shares declined, and 126 shares unchanged.

NSE Only Sellers (Intra-day)

CompanyOffer QtyCMP Chg(%)Today Vol 20D Avg Vol
Brightcom Group1731879.0011.71
-10.06
52931884
8403866.90
Paras Defence64427.00704.70
-10
1323798
1144818.30
Cosmo First2925.001019.90
-5.35
77028
56775.20
SVP Global25015.003.64
-5.21
74564
117602.90
Rajoo Engineers355528.00108.75
-5.01
7397261
1103064.15
Banka Bioloo20740.0087.19
-5
23322
19284.35
SML Isuzu41033.003609.50
-5
169599
468338.00
E2E Networks74026.002032.70
-5
162579
51296.20
Zen Tech895178.001690.70
-5
61859
311297.15

July 28, 2025· 14:57 IST

Dilip Parmar, Research Analyst, HDFC Securities

The Indian Rupee (INR) has depreciated against the US Dollar (USD), mirroring the trend of most Asian currencies. This weakening is largely attributed to the strengthening dollar, which gained momentum following the recent EU-US Trade deal. The dollar's rise was further fueled by a buying spree leading up to the trade deal deadline, coupled with foreign fund selling in the Indian market.

In the near term, the spot USDINR pair is expected to find support at 86.10 and face resistance at 86.75.

July 28, 2025· 14:55 IST

IPO Check | Shanti Gold International IPO subscribed at 3.86 times at 2:55 PM (Day 2)

QIB – 0.04 times

NII - 5.14 times

Retail – 5.50 times

Overall – 3.86 times

July 28, 2025· 14:53 IST

Currency Check | Rupee trades lower

Indian rupee is trading lower at 86.59 per dollar versus Friday's close of 86.52.

July 28, 2025· 14:50 IST

IPO Check | Brigade Hotel Ventures IPO subscribed at 3.13 times at 2:50 PM (Day 3)

QIB – 3.05 times

NII - 1.61 times

Retail – 6.02 times

Employee Reserved - 0.82 times

Reserve for shareholders - 2.57

Overall – 3.13 times

July 28, 2025· 14:44 IST

Earnings Watch | Apollo Micro Systems Q1 net profit at Rs 18.5 crore against Rs 8.4 crore, YoY 

Apollo Micro Systems was quoting at Rs 171.40, down Rs 0.90, or 0.52 percent.

It has touched an intraday high of Rs 174.80 and an intraday low of Rs 162.25.

It was trading with volumes of 774,906 shares, compared to its five day average of 402,079 shares, an increase of 92.72 percent.

In the previous trading session, the share closed up 0.29 percent or Rs 0.50 at Rs 172.30.

The share touched a 52-week high of Rs 221.40 and a 52-week low of Rs 88.10 on 24 June, 2025 and 23 October, 2024, respectively.

Currently, the stock is trading 22.58 percent below its 52-week high and 94.55 percent above its 52-week low.

Market capitalisation stands at Rs 5,253.23 crore.

July 28, 2025· 14:44 IST

Earnings Watch | Adani Green Q1 net profit rises 31% at Rs 824 crore versus Rs 629 crore, YoY 

Adani Green Energy Limited was quoting at Rs 998.75, up Rs 22.80, or 2.34 percent.

It has touched an intraday high of Rs 1,004.20 and an intraday low of Rs 979.35.

It was trading with volumes of 332,667 shares, compared to its five day average of 85,550 shares, an increase of 288.86 percent.

In the previous trading session, the share closed down 4.39 percent or Rs 44.80 at Rs 975.95.

The share touched a 52-week high of Rs 2,091.85 and a 52-week low of Rs 758.00 on 26 September, 2024 and 03 March, 2025, respectively.

Currently, the stock is trading 52.26 percent below its 52-week high and 31.76 percent above its 52-week low.

Market capitalisation stands at Rs 164,511.72 crore.

July 28, 2025· 14:42 IST

Brokerage Call | Sharekhan keeps 'buy' rating on Bank of Baroda

At CMP, the stock trades at 0.8x/0.7x its FY2026E/FY2027E ABV.  The bank highlighted that it is taking continuous efforts to improve overall performance that is broadly holding up well, but with some volatility in some of the key operating metrices.

Stable asset quality outlook is likely to support return ratios and reversal in return ratio is unlikely in near term.

Believe that the bank is likely to sustain RoA at ~1.0% over the next couple of quarters despite pressure on core operating profitability.

The bank needs to ramp up other avenues of productivity (mainly fee income) to drive RoA/RoE expansion.

Given reasonable valuations, maintain a buy rating, with a revised price target of Rs 275.

July 28, 2025· 14:39 IST

Sensex Today | J Kumar gets LoA for a project worth Rs 140 crore

The company is in receipt of Letter of Acceptance for the project of appointment of contractor for Implementation of Multi‐Modal Integration Facilities at 8 Metro Stations of Mumbai Metro Line 4&4A (PKG 1) from M/s. Mumbai Metropolitan Region Development Authority (MMRDA) for the total contract cost amounting to Rs. 139.72 crore (Excluding GST)  for which J. Kumar Infraprojects share is 49 % i.e. Rs 68.46 crore.

July 28, 2025· 14:37 IST

Stock Markets LIVE Updates | Godrej Properties shares down most in 12 weeks

Godrej Properties was quoting at Rs 2,125.45, down Rs 108.75, or 4.87 percent.

It has touched an intraday high of Rs 2,222.50 and an intraday low of Rs 2,122.30.

It was trading with volumes of 302,371 shares, compared to its five day average of 28,733 shares, an increase of 952.35 percent.

In the previous trading session, the share closed down 3.37 percent or Rs 78.00 at Rs 2,234.20.

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 37.49 percent below its 52-week high and 13.69 percent above its 52-week low.

Market capitalisation stands at Rs 64,019.86 crore.

July 28, 2025· 14:36 IST

Brokerage Call | Jefferies retains 'underperform' rating on Laurus Labs, target price raises to Rs 590

#1 Q1 beat on higher ARV & CDMO sales

#2 Management non committal on sustainability

#3 Gross margin trend appears to be declining

#4 ARV division faces tender renewals from Oct 25, which may pressure pricing as alternate therapies rise

July 28, 2025· 14:34 IST

Earnings Watch | Nippon Life Q1 revenue up 20.2% at Rs 607 crore versus Rs 505 crore, YoY 

Nippon Life India Asset Management was quoting at Rs 805.40, down Rs 4.75, or 0.59 percent.

It has touched an intraday high of Rs 827.00 and an intraday low of Rs 795.15.

It was trading with volumes of 43,176 shares, compared to its five day average of 39,697 shares, an increase of 8.76 percent.

In the previous trading session, the share closed down 2.33 percent or Rs 19.35 at Rs 810.15.

The share touched a 52-week high of Rs 877.65 and a 52-week low of Rs 456.05 on 17 July, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 8.23 percent below its 52-week high and 76.6 percent above its 52-week low.

Market capitalisation stands at Rs 51,171.46 crore.

July 28, 2025· 14:33 IST

July 28, 2025· 14:29 IST

Sensex Today | Kotak Mahindra Bank extends fall, down over 7% after weak Q1

July 28, 2025· 14:21 IST

Earnings Watch | Transport Corporation of India Q1 net profit up 17% to Rs 106.5 crore

  • Revenue rises 9% to Rs 1,139.3 crore from Rs 1,045 crore
  • EBITDA declines 7.4% to Rs 121 crore from Rs 131 crore
  • EBITDA margin falls to 10.62% from 12.51%

July 28, 2025· 14:12 IST

Sensex Today | Diamond Power gets LoI for order worth Rs1,349 crore from Adani Energy for supply of conductors

July 28, 2025· 14:01 IST

Markets@2 | Sensex down 570 points, Nifty below 24700

The Sensex was down 570.46 points or 0.70 percent at 80,892.63, and the Nifty was down 160.45 points or 0.65 percent at 24,676.55. About 1033 shares advanced, 2552 shares declined, and 132 shares unchanged.

NSE Price Shockers (3 days)

CompanyCMPChg(%)3 Days Ago Price
Times Guaranty241.4028.44187.95
Sharda Crop1,119.7526.80883.10
Vimta Labs639.9024.68513.25
Omax Autos132.5923.47107.39
V R Infraspace215.9522.70176.00
Baweja Studios70.7021.3758.25
Pondy Oxides1,137.4019.92948.50
Pondy Oxides1,137.4019.92948.50
Indo Borax289.3018.31244.52
Agro Phos India42.0216.6936.01
Sudarshan Chem1,433.0016.141,233.90
Chembond Chem206.6215.75178.50
Blue Coast41.5515.7135.91
Ortin Global12.8515.6611.11
BB Triplewall 204.9015.37177.60
United Polyfab 26.1214.5122.81
Tatva Chintan1,131.9013.49997.40
Happy Square76.5011.6068.55
Felix Industrie203.5011.38182.70
Aaron Industrie453.5511.37407.25

July 28, 2025· 13:59 IST

July 28, 2025· 13:58 IST

Stock Markets LIVE Updates | India volatility index rises 7%

July 28, 2025· 13:53 IST

Stock Markets LIVE Updates | Diamond Power Infrastructure bags letter of intent worth Rs 1349.11 crore

The company has received a letter of intent from Adani Energy Solutions worth Rs 1349.11 crores for supply of 24,080 AL-59 high-performance conductors.

Diamond Power Infrastructure was quoting at Rs 161.95, down Rs 0.90, or 0.55 percent.

It has touched an intraday high of Rs 169.50 and an intraday low of Rs 159.60.

It was trading with volumes of 90,544 shares, compared to its five day average of 110,919 shares, a decrease of -18.37 percent.

In the previous trading session, the share closed down 1.57 percent or Rs 2.60 at Rs 162.85.

The share touched a 52-week high of Rs 193.58 and a 52-week low of Rs 81.00 on 21 October, 2024 and 04 March, 2025, respectively.

Currently, the stock is trading 16.34 percent below its 52-week high and 99.94 percent above its 52-week low.

Market capitalisation stands at Rs 8,534.30 crore.

July 28, 2025· 13:52 IST

Sensex Today | Nifty IT index slips nearly 1%

NIFTY IT Top Stock Losers (Intra-day)

CompanyCMPChg(%)Volume
Wipro249.45-3.766.57m
TCS3,092.80-1.372.25m
HCL Tech1,470.00-1.353.06m
LTIMindtree5,047.00-0.9693.24k
Tech Mahindra1,448.90-0.89655.83k
Persistent5,105.50-0.87389.86k
Infosys1,508.30-0.494.04m

July 28, 2025· 13:46 IST

Earnings Watch | Mold-Tek Packaging Q1 net profit up 35.6% at RS 22.4 crore versus Rs 16.5 crore, YoY 

Mold-Tek Packaging was quoting at Rs 785.95, up Rs 45.60, or 6.16 percent.

It has touched an intraday high of Rs 785.95 and an intraday low of Rs 735.45.

It was trading with volumes of 13,352 shares, compared to its five day average of 6,612 shares, an increase of 101.95 percent.

In the previous trading session, the share closed up 0.63 percent or Rs 4.65 at Rs 740.35.

The share touched a 52-week high of Rs 841.80 and a 52-week low of Rs 415.00 on 01 August, 2024 and 07 April, 2025, respectively.

Currently, the stock is trading 6.63 percent below its 52-week high and 89.39 percent above its 52-week low.

Market capitalisation stands at Rs 2,611.63 crore.

July 28, 2025· 13:44 IST

Brokerage Call | Nomura keeps 'neutral' rating on Bank Of Baroda, target price at Rs 240

#1 NIMs better than expected; growth & asset quality remained soft

#2 Loan & deposit growth lagged; slippages increased

Bank Of Baroda was quoting at Rs 240.40, down Rs 3.05, or 1.25 percent.

It has touched an intraday high of Rs 247.20 and an intraday low of Rs 237.75.

It was trading with volumes of 439,703 shares, compared to its five day average of 646,547 shares, a decrease of -31.99 percent.

In the previous trading session, the share closed down 1.36 percent or Rs 3.35 at Rs 243.45.

The share touched a 52-week high of Rs 266.80 and a 52-week low of Rs 190.70 on 06 December, 2024 and 04 March, 2025, respectively.

Currently, the stock is trading 9.9 percent below its 52-week high and 26.06 percent above its 52-week low.

Market capitalisation stands at Rs 124,319.55 crore.

July 28, 2025· 13:42 IST

Sensex Today | Except pharma, all other sectors trade in the red; realty index down 3%

NSE Indian Indices Performance

IndexCMP Chg(%)YTD(%) 1 Week(%)1 Month(%) 1 Year(%)
NIFTY Auto23711.20
-0.3
3.84
-1.43
-1.24
-9.67
NIFTY IT35325.95
-0.84
-18.49
-4.61
-9.01
-13.79
NIFTY Pharma22735.25
0.32
-2.89
0.90
3.68
5.24
NIFTY FMCG54602.75
0.04
-3.87
-2.88
-0.92
-12.95
NIFTY PSU Bank6943.50
-0.86
6.16
-2.45
-1.03
-4.50
NIFTY Metal9306.95
-1.25
7.60
-2.60
-2.83
-1.24
NIFTY Realty918.95
-3.33
-12.68
-8.68
-7.55
-14.73
NIFTY Energy35020.65
-0.65
-0.48
-3.39
-4.16
-19.01
NIFTY Infra9001.25
-0.72
6.35
-2.13
-4.63
-3.96
NIFTY Media1626.85
-2.56
-10.51
-8.29
-6.92
-21.62

July 28, 2025· 13:40 IST

Brokerage Call | Bernstein keeps 'underperform' rating on SBI Cards, target price at Rs 690

#1 Persistent high credit costs disappointed again, rising to 9.6 percent (+60 bps QoQ) and dashing turnaround hopes

#2 However, based on past quarters, market reaction may be short lived, bouncing back on hope of future recovery

SBI Cards & Payment Services was quoting at Rs 837.70, down Rs 51.35, or 5.78 percent.

It has touched an intraday high of Rs 864.85 and an intraday low of Rs 834.75.

It was trading with volumes of 126,575 shares, compared to its five day average of 132,322 shares, a decrease of -4.34 percent.

In the previous trading session, the share closed up 0.37 percent or Rs 3.25 at Rs 889.05.

The share touched a 52-week high of Rs 1,023.05 and a 52-week low of Rs 660.00 on 10 June, 2025 and 29 October, 2024, respectively.

Currently, the stock is trading 18.12 percent below its 52-week high and 26.92 percent above its 52-week low.

Market capitalisation stands at Rs 79,709.48 crore.

July 28, 2025· 13:36 IST

Currency Check | Rupee at day's low

Indian rupee erased all the opening gains and trading at day's low at 86.55 per dollar versus Friday's close of 86.52.

July 28, 2025· 13:34 IST

Earnings Watch | Vijaya Diagnostic Q1 net profit jumps 22.4% at Rs 38.3 crore Versus Rs 31.3 crore, YoY

Vijaya Diagnostic Centre was quoting at Rs 1,094.50, up Rs 24.20, or 2.26 percent.

It has touched an intraday high of Rs 1,094.50 and an intraday low of Rs 1,045.80.

It was trading with volumes of 16,086 shares, compared to its five day average of 9,134 shares, an increase of 76.10 percent.

In the previous trading session, the share closed down 4.55 percent or Rs 51.00 at Rs 1,070.30.

The share touched a 52-week high of Rs 1,276.75 and a 52-week low of Rs 763.10 on 13 January, 2025 and 05 August, 2024, respectively.

Currently, the stock is trading 14.27 percent below its 52-week high and 43.43 percent above its 52-week low.

Market capitalisation stands at Rs 11,239.10 crore.

July 28, 2025· 13:33 IST

Earnings Watch | Snowman Logistics Q1 net profit rises 39% at Rs 2.5 crore versus Rs 1.8 crore, YoY

Snowman Logistics was quoting at Rs 57.87, up Rs 1.47, or 2.61 percent.

It has touched an intraday high of Rs 63.51 and an intraday low of Rs 54.40.

It was trading with volumes of 135,610 shares, compared to its five day average of 50,788 shares, an increase of 167.01 percent.

In the previous trading session, the share closed down 2.27 percent or Rs 1.31 at Rs 56.40.

The share touched a 52-week high of Rs 91.55 and a 52-week low of Rs 42.97 on 23 September, 2024 and 17 March, 2025, respectively.

Currently, the stock is trading 36.79 percent below its 52-week high and 34.68 percent above its 52-week low.

Market capitalisation stands at Rs 966.94 crore.

July 28, 2025· 13:32 IST

Brokerage Call | HSBC maintains 'buy' rating on Shriram Finance, target price Rs 730

#1 Gross stage 2 loans rose 6–9 percent QoQ for consecutive quarters, but management held credit cost guidance

#2 AUM growth remains on track; NIM trajectory lower due to high liquidity

#3 EPS for FY26–27 cut 2–4 percent; buy maintained on recovery prospects in 2HFY26

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