Closing Bell: Nifty above 24,800, Sensex up 447 pts; all sectors in the green

Indian equity indices ended on strong note with Nifty above 24,800 on July 29. At close, the Sensex was up 446.93 points or 0.55 percent at 81,337.95, and the Nifty was up 140.20 points or 0.57 percent at 24,821.10.

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.

Nifty formed a bullish engulfing pattern on the daily chart, suggesting the possibility of a meaningful bullish reversal. On the 2-hourly chart, the index has started a recovery supported by a positive divergence.

In addition, a hidden positive divergence is visible on the daily chart, further indicating the potential for a smart recovery in the short term. On the higher side, Nifty may move towards 24,950–25,000. A decisive move above 25,000 could trigger a rally towards 25,200. On the downside, support is placed at 24,750.

Amidst lingering uncertainties over the ongoing U.S.–India trade negotiations, the domestic equity market staged a modest recovery from intraday lows. Almost all the sectors ended in green, with metal, pharma, and realty leading the gains, while IT, financials, and FMCG lagged due to weak quarterly results. Investor sentiment remains cautious ahead of key global events, including policy decisions from the U.S. Fed and the August 1 reciprocal tariff deadline.

Sustenance of this rally is likely to be positive in the near term with an eye on the above details, including Q1 results and this week's monthly expiry. For the Nifty50 index, 25,000 to 25,100 is likely to act as a restriction at the upper end.

Markets edged higher on Tuesday, gaining over half a percent and taking a breather after the recent decline. The Nifty index nearly tested the crucial support zone of its medium-term moving average, the 100-day EMA, in early trade, followed by a gradual recovery that lasted until the close. As a result, it ended near the day’s high at the 24,821.10 level. Notably, all key sectors contributed to the recovery, with realty, pharma, and energy emerging as the top gainers. The broader indices also found some relief, posting gains in the range of 0.81% to 1.05%.

The recovery in the Nifty was driven by oversold positions in heavyweight stocks, coupled with the presence of strong support at the 100-day EMA. However, participants should avoid reading too much into a single-day bounce and remain focused on selective stock picking and disciplined trade management, given the next resistance around the 25,000–25,100 zone. Moreover, the upcoming derivatives expiry and global developments could add to market volatility in the near term.

Today, the Indian stock market closed positively with the Nifty 50 index rising by approximately 0.6% to 24,821 points, marking a gain of around 140 points from the previous close. The BSE Sensex also gained about 446 points, trading near 81,337, reflecting a roughly 0.55% increase. This upward movement was driven by strong performances in sectors such as healthcare, realty, and pharmaceuticals, which saw gains exceeding 1%. Other key sectors like autos, metals, energy, and infrastructure also contributed with gains ranging from around 0.7% to 1%. The positive close on this day can be attributed to a combination of sector-specific strength and improved investor sentiment despite ongoing concerns over trade negotiations and foreign institutional investor outflows.

The market showed resilience after recent downward pressure caused by stalled India-US trade talks and mixed quarterly earnings results. The healthcare and realty sectors provided defensive support, while select heavyweights boosted overall market breadth with more advancing stocks than decliners.

Looking ahead, market expectations are cautious but mildly optimistic. Investors are likely to focus on upcoming quarterly earnings for cues on corporate performance amid macroeconomic uncertainties. The unresolved India-US trade deal remains a significant headwind, but better stability in global markets and steady domestic institutional investment may underpin the market.

The Indian Rupee continued its downward trajectory, reaching its weakest level since March 13, 2025. This depreciation was primarily driven by sustained selling by foreign funds, coupled with a recovery in the US Dollar and an increase in crude oil prices.

Market participants are now closely monitoring the upcoming FOMC monetary policy meeting and the deadline for tariff negotiations, as these events are expected to provide further direction for the Rupee.

For the USD/INR pair, the immediate support level is seen at 86.30, while resistance is seen at 87.05.

Indian rupee ended lower at 86.82 per dollar on Tuesday versus Monday's close of 86.65.

Indian equity indices ended on strong note with Nifty above 24,800 on July 29.

At close, the Sensex was up 446.93 points or 0.55 percent at 81,337.95, and the Nifty was up 140.20 points or 0.57 percent at 24,821.10. About 2399 shares advanced, 1451 shares declined, and 141 shares unchanged.

Biggest Nifty gainers included Jio Financial, Reliance Industries, L&T, Asian Paints, Eicher Motors, while losers were SBI Life Insurance, TCS, Axis Bank, HDFC Life, Titan.

All the sectoral indices ended in the green with Realty, Pharma, Oil & Gas up 1 percent each.

The BSE midcap index rose 0.8 percent and smallcap index added 1 percent.

Greenply Industries was quoting at Rs 336.20, up Rs 6.45, or 1.96 percent.

It has touched an intraday high of Rs 336.20 and an intraday low of Rs 280.00.

It was trading with volumes of 12,370 shares, compared to its five day average of 19,827 shares, a decrease of -37.61 percent.

In the previous trading session, the share closed down 0.50 percent or Rs 1.65 at Rs 329.75.

The share touched a 52-week high of Rs 411.85 and a 52-week low of Rs 228.60 on 21 August, 2024 and 07 April, 2025, respectively.

Currently, the stock is trading 18.37 percent below its 52-week high and 47.07 percent above its 52-week low.

Market capitalisation stands at Rs 4,198.49 crore.

HeidelbergCement India was quoting at Rs 216.10, up Rs 5.85, or 2.78 percent.

It has touched an intraday high of Rs 220.40 and an intraday low of Rs 206.60.

It was trading with volumes of 26,771 shares, compared to its five day average of 16,187 shares, an increase of 65.38 percent.

In the previous trading session, the share closed down 0.92 percent or Rs 1.95 at Rs 210.25.

The share touched a 52-week high of Rs 257.85 and a 52-week low of Rs 181.05 on 07 October, 2024 and 07 April, 2025, respectively.

Currently, the stock is trading 16.19 percent below its 52-week high and 19.36 percent above its 52-week low.

Market capitalisation stands at Rs 4,897.11 crore.

#1 Margins continue to outperform; FY25 backlog slowdown is over

#2 BEL posted 29 percent YTD growth in new orders

#3 Poised for $7 bn in order wins over 12 months (84 percent of backlog)

#4 Post tensions, govt fast-tracked ‘Make In India’ orders; FY26 inflows guided to rise 44 percent

#5 Q1 EBITDA margin rose 576 bps YoY, exceeding 27 percent guidance

Deepak Fertilisers And Petrochemicals Corporation was quoting at Rs 1,601.00, up Rs 83.60, or 5.51 percent.

It has touched an intraday high of Rs 1,611.15 and an intraday low of Rs 1,501.00.

It was trading with volumes of 29,903 shares, compared to its five day average of 16,478 shares, an increase of 81.47 percent.

In the previous trading session, the share closed down 1.26 percent or Rs 19.35 at Rs 1,517.40.

The share touched a 52-week high of Rs 1,776.95 and a 52-week low of Rs 888.25 on 03 July, 2025 and 03 March, 2025, respectively.

Currently, the stock is trading 9.9 percent below its 52-week high and 80.24 percent above its 52-week low.

Market capitalisation stands at Rs 20,210.68 crore.

J Kumar Infraprojects was quoting at Rs 705.00, down Rs 4.35, or 0.61 percent.

It has touched an intraday high of Rs 736.80 and an intraday low of Rs 701.40.

It was trading with volumes of 17,623 shares, compared to its five day average of 5,312 shares, an increase of 231.77 percent.

In the previous trading session, the share closed down 1.79 percent or Rs 12.95 at Rs 709.35.

The share touched a 52-week high of Rs 903.55 and a 52-week low of Rs 566.15 on 19 August, 2024 and 07 April, 2025, respectively.

Currently, the stock is trading 21.97 percent below its 52-week high and 24.53 percent above its 52-week low.

Market capitalisation stands at Rs 5,334.42 crore.

Welspun Corp was quoting at Rs 923.50, up Rs 61.00, or 7.07 percent.

It has touched an intraday high of Rs 927.60 and an intraday low of Rs 858.25.

It was trading with volumes of 42,453 shares, compared to its five day average of 19,346 shares, an increase of 119.44 percent.

In the previous trading session, the share closed down 2.44 percent or Rs 21.55 at Rs 862.50.

The share touched a 52-week high of Rs 994.60 and a 52-week low of Rs 600.50 on 10 June, 2025 and 05 August, 2024, respectively.

Currently, the stock is trading 7.15 percent below its 52-week high and 53.79 percent above its 52-week low.

Market capitalisation stands at Rs 24,308.54 crore.

The Sensex was up 278.86 points or 0.34 percent at 81,169.88, and the Nifty was up 90.95 points or 0.37 percent at 24,771.85. About 2204 shares advanced, 1294 shares declined, and 118 shares unchanged.

Indian rupee is trading 22 paise lower at 86.87 per dollar versus Monday's close of 86.65.

QIB –17.87 times

NII - 124.02 times

Retail – 23.43 times

Overall – 43.39 times

We believe Sri Lotus Developers and Realty Ltd IPO offers investors an opportunity to invest in a Mumbai-based real estate developer focused on the high-growth ultra-luxury and luxury housing segment, with a strong presence in redevelopment projects. We think with a proven track record in premium redevelopment projects and an asset-light model that enhances capital efficiency and cash flow generation, the company is well-positioned for scalable, low-risk growth.

Its strong brand recognition under “Lotus Developers,” pricing premium in Juhu and consistent early pre-sales reflect robust demand and customer trust. We also think its execution capabilities—delivering projects well ahead of RERA timelines—demonstrate operational excellence. By looking at the financials, company has demonstrated robust growth, with revenue from operations rising 176.61% in FY24 and 19.09% in FY25, while net profit surged by 635% in FY24 and 90% in FY25.

On valuation parse at the upper price band of Rs 150, the issue is asking for a market cap of Rs 7331 crore. Based on FY 2025 earnings and fully-diluted post-IPO paid-up capital, the company is asking for a PE 32.17x which seems fully priced relative to its future growth prospects. With 5 ongoing and 11 upcoming projects across key micro-markets in Mumbai—alongside strategic expansion into high-value localities such as Prabhadevi, Nepean Sea Road, and Bandra—Company is well-positioned to capitalize on sustained urban housing demand and rising premium real estate prices.

Operating in a highly competitive and fragmented market, the company stands out as a niche ultra-luxury developer with high margins, though it comes to market at a premium valuation. The presence of notable investors and Bollywood personalities in the pre-IPO placement adds visibility but also elevates expectations. Considering all factors, we recommend Sri Lotus Developers and Realty Ltd IPO to “SUBSCRIBE” for long-term investors who are seeking selective exposure to Mumbai’s upscale real estate segment.”

#1 Q1 highlighted a gradual reset across NIM, fees & credit cost levers

#2 Legacy issues did not resurface

#3 Fee/assets dropped to 1.2 percent & credit costs remained elevated at 2.0 percent

#4 MFI slippages almost halved

#5 Vehicle finance & broader retail stress kept slippages high at 3.0 percent

#6 GNPAs increased across segments

#7 Core NIMs at 3.35 percent surprised positively

#8 Treasury gains supported profitability

#9 RoA/RoE remained muted

#10 Improvement depends on NIM stability, fee growth, cost control & credit cost reduction

Indian Rupee fell by nearly 20 paise on a jump in the US Dollar index and a surge in crude oil prices. US Dollar rallied on optimism over US-EU trade deal. However, a bounce back in the domestic equities after falling sharply over the past three sessions cushioned the downside.

Lingering trade deal between India and the US may continue to weigh on the Rupee. Rising crude oil prices and foreign outflows may also pressurise the Rupee. FIIs have offloaded stock worth nearly Rs 37000 crore till date, the biggest selling since February 2025. Month end Dollar demand from OMCs and importers may further pressurise the Rupee. Investors may remain cautious ahead of US Federal Reserve and Bank of Japan’s monetary policy decision this week. USDINR spot price is expected to trade in a range of Rs 86.60 to Rs 87.15.

#1 PPoP expected to remain subdued over the next three years

#2 Profitability recovered in Q4 but core trends suggest limited scope for sustained return improvements

#3 Almost entire Q1 profit came from trading income and interest recoveries

#4 Headline NII down 14 percent YoY despite 5 percent YoY average asset growth

#5 Fee income declined 35 percent YoY, while opex rose 8.5 percent YoY

#6 Core PPoP below JPM estimates

#7 Asset quality remains weak

Asian Paints was quoting at Rs 2,388.35, up Rs 29.40, or 1.25 percent.

It has touched an intraday high of Rs 2,404.20 and an intraday low of Rs 2,326.55.

It was trading with volumes of 17,005 shares, compared to its five day average of 27,170 shares, a decrease of -37.41 percent.

In the previous trading session, the share closed up 1.00 percent or Rs 23.30 at Rs 2,358.95.

The share touched a 52-week high of Rs 3,394.00 and a 52-week low of Rs 2,125.00 on 16 September, 2024 and 05 March, 2025, respectively.

Currently, the stock is trading 29.63 percent below its 52-week high and 12.39 percent above its 52-week low.

Market capitalisation stands at Rs 229,090.00 crore.

NCC was quoting at Rs 222.90, up Rs 7.25, or 3.36 percent.

It has touched an intraday high of Rs 223.80 and an intraday low of Rs 213.75.

It was trading with volumes of 206,541 shares, compared to its five day average of 85,385 shares, an increase of 141.89 percent.

In the previous trading session, the share closed down 1.17 percent or Rs 2.55 at Rs 215.65.

The share touched a 52-week high of Rs 364.50 and a 52-week low of Rs 169.95 on 31 July, 2024 and 03 March, 2025, respectively.

Currently, the stock is trading 38.85 percent below its 52-week high and 31.16 percent above its 52-week low.

Market capitalisation stands at Rs 13,994.70 crore.

Canara Bank was quoting at Rs 110.15, down Rs 0.30, or 0.27 percent.

It has touched an intraday high of Rs 111.15 and an intraday low of Rs 109.45.

It was trading with volumes of 1,122,036 shares, compared to its five day average of 11,922,341 shares, a decrease of -90.59 percent.

In the previous trading session, the share closed down 0.27 percent or Rs 0.30 at Rs 110.45.

The share touched a 52-week high of Rs 119.30 and a 52-week low of Rs 78.58 on 09 June, 2025 and 03 March, 2025, respectively.

Currently, the stock is trading 7.67 percent below its 52-week high and 40.18 percent above its 52-week low.

Market capitalisation stands at Rs 99,913.22 crore.

The Sensex was up 322.38 points or 0.40 percent at 81,213.40, and the Nifty was up 109.50 points or 0.44 percent at 24,790.40. About 2019 shares advanced, 1426 shares declined, and 120 shares unchanged.

#1 Healthy & in-line quarter

#2 There was solid traction across branded markets, particularly in India & Brazil

#3 Supply disruption was witnessed in Germany

#4 Adjusted EBITDA margin stood at 32.9 percent

#5 Citi believes margin expansion will continue

#6 Margin expansion driven by operating leverage in branded segments & potential recovery in the US

QIB –11.5 times

NII - 92.52 times

Retail – 19.85 times

Overall – 33.04 times

#1 Reported Q1FY26 results showed no carryover from previous cleanup efforts

#2 Familiar issues such as asset quality deterioration, lower fee income & subdued NIM persisted

#3 RoA remained low at 0.5 percent, with EPS down 68 percent YoY

#4 Lack of clear levers for near-term improvement in RoA may prompt a reassessment of its profitability outlook

Hind Rectifiers was quoting at Rs 1,711.65, up Rs 285.25, or 20.00 percent.

It has touched a 52-week high of Rs 1,711.65.

It has touched an intraday high of Rs 1,711.65 and an intraday low of Rs 1,422.20.

There were pending buy orders of 12,394 shares, with no sellers available.

It was trading with volumes of 43,062 shares, compared to its five day average of 6,966 shares, an increase of 518.21 percent.

In the previous trading session, the share closed up 6.02 percent or Rs 81.00 at Rs 1,426.40.

Market capitalisation stands at Rs 2,937.65 crore.

COMEX August gold futures slipped to a two-and-a-half-week low of $3,300 per ounce before closing 0.8% lower at $3,310 on Monday, weighed down by a stronger US dollar. The dollar climbed to a one-week high of 98.66 amid easing global trade tensions as a trade agreement between the US and EU introduced a 15% tariff on most EU exports, including automobiles, helped avert a broader trade war.

Also, signs of an extended truce between the US and China, along with expectations that the Fed will keep rates steady at this week’s FOMC meeting, further supported the dollar. Meanwhile, ETFs continued to add gold for the fifth straight session, pushing total holdings to their highest level since July 2023.

Today, gold is trading near $3,315 as markets await key US data releases, including JOLTS job openings and CB Consumer Confidence, while trade talks continue with Canada and South Korea.

WTI crude oil prices surged nearly 3% to $67.1 per barrel yesterday, driven by supply disruption concerns, progress on a US-EU trade deal, and rising expectations that the US and China may extend their tariff truce by another three months. Besides, Trump announced an accelerated deadline for Russia, shortening the original 50-day window to just 10–12 days, moving the truce deadline forward from September 2.

Trump warned of possible “secondary sanctions” if an agreement on Ukraine isn’t reached, sparking fears that rising tensions could threaten global crude supply flows. Meanwhile, the OPEC+ JMMC meeting delivered no surprises, maintaining current production plans. However, the committee flagged uneven compliance among members and instructed countries that missed their targets to submit updated compensation plans by August 18.

Today, oil prices are holding steady near $66.70 per barrel, supported by the renewed pressure on Russia. However, sharp upside may be capped ahead of the US trade deal deadline on August 1 and the official OPEC+ output policy meeting on August 3.

Arvind was quoting at Rs 336.00, up Rs 0.30, or 0.09 percent.

It has touched an intraday high of Rs 350.00 and an intraday low of Rs 329.40.

It was trading with volumes of 52,390 shares, compared to its five day average of 18,813 shares, an increase of 178.47 percent.

In the previous trading session, the share closed up 0.33 percent or Rs 1.10 at Rs 335.70.

The share touched a 52-week high of Rs 450.40 and a 52-week low of Rs 271.55 on 18 December, 2024 and 07 April, 2025, respectively.

Currently, the stock is trading 25.4 percent below its 52-week high and 23.73 percent above its 52-week low.

Market capitalisation stands at Rs 8,801.56 crore.

Jubilant Pharmova was quoting at Rs 1,118.00, down Rs 55.80, or 4.75 percent.

It has touched an intraday high of Rs 1,223.20 and an intraday low of Rs 1,112.55.

It was trading with volumes of 20,796 shares, compared to its five day average of 10,001 shares, an increase of 107.94 percent.

In the previous trading session, the share closed down 0.32 percent or Rs 3.75 at Rs 1,173.80.

The share touched a 52-week high of Rs 1,309.00 and a 52-week low of Rs 721.55 on 07 November, 2024 and 30 July, 2024, respectively.

Currently, the stock is trading 14.59 percent below its 52-week high and 54.94 percent above its 52-week low.

Market capitalisation stands at Rs 17,807.63 crore.

Amber Enterprises India Limited was quoting at Rs 7,514.10, up Rs 46.80, or 0.63 percent.

It has touched an intraday high of Rs 7,727.45 and an intraday low of Rs 7,252.35.

It was trading with volumes of 26,830 shares, compared to its five day average of 8,102 shares, an increase of 231.15 percent.

In the previous trading session, the share closed up 2.77 percent or Rs 201.50 at Rs 7,467.30.

The share touched a 52-week high of Rs 8,167.10 and a 52-week low of Rs 3,965.00 on 07 January, 2025 and 14 August, 2024, respectively.

Currently, the stock is trading 8 percent below its 52-week high and 89.51 percent above its 52-week low.

Market capitalisation stands at Rs 25,459.97 crore.

Gabriel India was quoting at Rs 991.55, up Rs 7.20, or 0.73 percent.

It has touched an intraday high of Rs 999.70 and an intraday low of Rs 958.00.

It was trading with volumes of 19,088 shares, compared to its five day average of 38,119 shares, a decrease of -49.92 percent.

In the previous trading session, the share closed down 0.84 percent or Rs 8.35 at Rs 984.35.

The share touched a 52-week high of Rs 1,122.25 and a 52-week low of Rs 387.05 on 15 July, 2025 and 28 January, 2025, respectively.

Currently, the stock is trading 11.65 percent below its 52-week high and 156.18 percent above its 52-week low.

Market capitalisation stands at Rs 14,243.01 crore.

Gateway Distriparks was quoting at Rs 66.39, up Rs 2.43, or 3.80 percent.

It has touched an intraday high of Rs 68.20 and an intraday low of Rs 62.92.

It was trading with volumes of 191,500 shares, compared to its five day average of 28,992 shares, an increase of 560.52 percent.

In the previous trading session, the share closed down 0.78 percent or Rs 0.50 at Rs 63.96.

The share touched a 52-week high of Rs 114.00 and a 52-week low of Rs 51.56 on 30 July, 2024 and 07 April, 2025, respectively.

Currently, the stock is trading 41.76 percent below its 52-week high and 28.76 percent above its 52-week low.

Market capitalisation stands at Rs 3,317.14 crore.

#1 Transmission: volumes fell 8 percent YoY but EBIT rose 8 percent YoY, likely due to one-offs

#2 Gas marketing: EBIT (~Rs 11 Bn) was in-line with estimates

#3 Petchem: sales dropped 23 percent QoQ; EBIT loss of Rs 2.5 bn missed forecasts

#4 Macquarie sees near-term upside from a 10–30 percent hike in transmission tariffs

#1 Margins continue to outperform; FY25 backlog slowdown is over

#2 BEL posted 29 percent YTD growth in new orders

#3 Poised for $7 bn in order wins over 12 months (84 percent of backlog)

#4 Post tensions, govt fast-tracked ‘Make In India’ orders; FY26 inflows guided to rise 44 percent

#5 Q1 EBITDA margin rose 576 bps YoY, exceeding 27 percent guidance

QIB –2.31 times

NII - 71.15 times

Retail – 17.31 times

Overall – 24.56 times

#1 Key negatives in Q1 were weak core fee income & higher-than-expected credit costs

#2 Positives included signs of business normalisation & governance steps taken by the board

#3 The stock trades at 0.9x FY27 book value, InCred believes it is not cheap

#4 Risk-reward appears balanced at current valuation

The company has signed Joint Development Agreements (JDAs) for upcoming residential projects in Moti Nagar, Hyderabad – Brigade Citadel 2 and Citadel 3. The development is spread across 10 acres of prime land. Together, the projects span a total development potential of approximately 1 million square feet, with an estimated revenue potential exceeding Rs 970 crore.

Adani Enterprises was quoting at Rs 2,545.00, up Rs 22.80, or 0.90 percent.

It has touched an intraday high of Rs 2,545.00 and an intraday low of Rs 2,506.80.

It was trading with volumes of 23,894 shares, compared to its five day average of 20,240 shares, an increase of 18.05 percent.

In the previous trading session, the share closed down 1.09 percent or Rs 27.75 at Rs 2,522.20.

The share touched a 52-week high of Rs 3,258.40 and a 52-week low of Rs 2,026.90 on 01 August, 2024 and 03 March, 2025, respectively.

Currently, the stock is trading 21.89 percent below its 52-week high and 25.56 percent above its 52-week low.

Market capitalisation stands at Rs 293,739.00 crore.

The meeting of the Board of Directors of the Company to be held on Friday, 1st August 2025 will inter alia also consider the proposal for alteration in the share capital of the Company by way of sub-division/split of the existing equity shares of the face value Rs. 10/- each, fully paid-up.

Adani Power was quoting at Rs 580.50, up Rs 9.90, or 1.74 percent.

It has touched an intraday high of Rs 582.60 and an intraday low of Rs 566.35.

It was trading with volumes of 145,530 shares, compared to its five day average of 265,164 shares, a decrease of -45.12 percent.

In the previous trading session, the share closed up 0.08 percent or Rs 0.45 at Rs 570.60.

The share touched a 52-week high of Rs 752.15 and a 52-week low of Rs 430.85 on 01 August, 2024 and 21 November, 2024, respectively.

Currently, the stock is trading 22.82 percent below its 52-week high and 34.73 percent above its 52-week low.

Market capitalisation stands at Rs 223,895.31 crore.

The Sensex was up 33.71 points or 0.04 percent at 80,924.73, and the Nifty was up 22.85 points or 0.09 percent at 24,703.75. About 1740 shares advanced, 1664 shares declined, and 126 shares unchanged.

The upcoming India-UK Free Trade Agreement is a lucrative opportunity for the revival of India’s gem and jewellery exports.

Currently, India's jewellery exports to the UK are worth ~USD 400 million and has the potential to grow to USD 1 billion post the implementation of this deal. With the UK being one of our key export markets, the removal of nearly all tariffs on exports, particularly on high-value products like gold, diamond-studded jewellery and lab-grown diamonds will provide a significant competitive edge to Indian jewellery exporters, making it easier and cost-effective to for them to trade there.

This will also generate more employment opportunities in India, especially in regions where jewellery making is a major livelihood. This agreement will also help smaller jewellery brands, especially those working with lab-grown diamonds, silver and colourful gemstones to get into the competitive space by empowering them to export their offerings to UK.

The UK market is a dynamic market which is constantly evolving wherein younger consumers are increasingly preferring jewellery pieces that are ethical, sustainable and design-driven. This gives India an exciting opportunity to innovate and cater to these changing tastes. Overall, this trade deal is a fruitful move which will grant a massive global stage to Indian artisans, designers and entrepreneurs to showcase their work and expand their footprint in major markets like UK.

Indian rupee is trading 22 paise lower at 86.87 per dollar on Tuesday versus Monday's close of 86.65.

#1 Revenue up 6.2% at Rs 1,119.7 crore versus Rs 1,054.3 crore, YoY

#2 Profit before tax at Rs 122 crore versus Rs 180 crore, YoY

#3 EBITDA up 9.7% at Rs 78 crore versus Rs 71.2 crore, YoY

#4 Margin at 7% versus 6.75%, YoY

State Bank of India was quoting at Rs 795.55, down Rs 1.60, or 0.20 percent.

It has touched an intraday high of Rs 800.20 and an intraday low of Rs 793.10.

It was trading with volumes of 180,735 shares, compared to its five day average of 402,357 shares, a decrease of -55.08 percent.

In the previous trading session, the share closed down 1.16 percent or Rs 9.35 at Rs 797.15.

The share touched a 52-week high of Rs 881.50 and a 52-week low of Rs 679.65 on 01 August, 2024 and 03 March, 2025, respectively.

Currently, the stock is trading 9.75 percent below its 52-week high and 17.05 percent above its 52-week low.

Market capitalisation stands at Rs 734,341.78 crore.

Happiest Minds Technologies was quoting at Rs 632.40, up Rs 30.85, or 5.13 percent.

It has touched an intraday high of Rs 637.95 and an intraday low of Rs 592.00.

It was trading with volumes of 31,946 shares, compared to its five day average of 31,327 shares, an increase of 1.98 percent.

In the previous trading session, the share closed down 1.94 percent or Rs 11.90 at Rs 601.55.

The share touched a 52-week high of Rs 832.15 and a 52-week low of Rs 525.05 on 12 September, 2024 and 07 April, 2025, respectively.

Currently, the stock is trading 24 percent below its 52-week high and 20.45 percent above its 52-week low.

Market capitalisation stands at Rs 9,629.86 crore.

The board of directors of Deepak Mining Solutions Limited (DMSL), wholly owned material subsidiary of the company, at its meeting held on 28th July, 2025 has approved revision of estimated cost of Technical Ammonium Nitrate (TAN) Project, Gopalpur to Rs 2,675 crores vis-à-vis earlier estimated project cost of Rs 2,223 crores in Nov’20.

Larsen & Toubro, NTPC, Asian Paints, Amber Enterprises India, Bank of India, Dilip Buildcon, Deepak Fertilisers & Petrochemicals Corporation, GMR Airports, Happiest Minds Technologies, International Gemmological Institute India, Jubilant Pharmova, Piramal Enterprises, Star Health and Allied Insurance Company, Triveni Engineering & Industries, and Welspun Corp will announce their quarterly earnings on July 29.

#1 Regulatory order on coupling seen as more damaging than expected

#2 Bernstein sees little chance of IEX overturning it, as it aligns with 2021 rules

#3 Further risks include transaction charge reforms and increased competition as entry barriers fall

Indian Energy Exchange was quoting at Rs 133.95, down Rs 5.05, or 3.63 percent.

It has touched an intraday high of Rs 138.45 and an intraday low of Rs 132.00.

It was trading with volumes of 2,292,574 shares, compared to its five day average of 8,224,348 shares, a decrease of -72.12 percent.

In the previous trading session, the share closed down 4.20 percent or Rs 6.10 at Rs 139.00.

The share touched a 52-week high of Rs 244.35 and a 52-week low of Rs 131.50 on 24 September, 2024 and 24 July, 2025, respectively.

Currently, the stock is trading 45.18 percent below its 52-week high and 1.86 percent above its 52-week low.

Market capitalisation stands at Rs 11,944.22 crore.

QIB –0.30 times

NII - 52.22 times

Retail – 14.94 times

Overall – 18.75 times

#1 PAT in-line; higher NIMs & treasury gains offset by lower fee income

#2 Slippages remain elevated, leading to higher credit costs

#3 RoAs expected to remain below 1 percent in the near term

Axis Bank was quoting at Rs 1,060.35, down Rs 13.00, or 1.21 percent.

It has touched an intraday high of Rs 1,077.70 and an intraday low of Rs 1,055.30.

It was trading with volumes of 150,883 shares, compared to its five day average of 259,985 shares, a decrease of -41.96 percent.

In the previous trading session, the share closed down 1.25 percent or Rs 13.55 at Rs 1,073.35.

The share touched a 52-week high of Rs 1,281.75 and a 52-week low of Rs 934.00 on 27 September, 2024 and 27 January, 2025, respectively.

Currently, the stock is trading 17.27 percent below its 52-week high and 13.53 percent above its 52-week low.

Market capitalisation stands at Rs 328,877.16 crore.

#1 Q1 EBITDA/EBIT was ahead of estimates, driven largely by a beat in gas transmission

#2 This was offset by lower-than-expected other income & higher-than-forecasted interest costs

#3 Misses in gas trading & LPG/LHC production were notable

#4 The petchem segment posted another quarter of EBIT loss at Rs 250 crore

Varun Beverages was quoting at Rs 487.30, up Rs 0.65, or 0.13 percent.

It has touched an intraday high of Rs 492.85 and an intraday low of Rs 478.25.

It was trading with volumes of 269,932 shares, compared to its five day average of 272,686 shares, a decrease of -1.01 percent.

In the previous trading session, the share closed up 1.97 percent or Rs 9.40 at Rs 486.65.

The share touched a 52-week high of Rs 680.28 and a 52-week low of Rs 419.40 on 30 July, 2024 and 03 March, 2025, respectively.

Currently, the stock is trading 28.37 percent below its 52-week high and 16.19 percent above its 52-week low.

Market capitalisation stands at Rs 164,800.81 crore.

The Sensex was down 84.74 points or 0.10 percent at 80,806.28, and the Nifty was down 14.85 points or 0.06 percent at 24,666.05. About 1582 shares advanced, 1759 shares declined, and 132 shares unchanged.

• Margins saw a marginal expansion in the core (ex-Greenfield) business
• RoCE is expected to remain above 40%
• EV contribution stood at 5.41% in Q1FY26
• EV penetration is expected to rise with upcoming launches
• The delay in production at the Gujarat unit was mainly due to customer requirements
• Changes in copper prices are normally passed on to customers

#1 Radico is a leading white spirits maker in India

#2 Expanding into premium & luxury segments

#3 Strong brand creation track record, though profit delivery has been inconsistent

#4 CLSA expects 265 bps EBITDA margin expansion to 16.5 percent by FY28

Radico Khaitan was quoting at Rs 2,695.60, up Rs 24.45, or 0.92 percent.

It has touched an intraday high of Rs 2,727.40 and an intraday low of Rs 2,675.30.

It was trading with volumes of 1,969 shares, compared to its five day average of 3,693 shares, a decrease of -46.69 percent.

In the previous trading session, the share closed down 1.13 percent or Rs 30.40 at Rs 2,671.15.

The share touched a 52-week high of Rs 2,790.00 and a 52-week low of Rs 1,628.15 on 04 June, 2025 and 05 August, 2024, respectively.

Currently, the stock is trading 3.38 percent below its 52-week high and 65.56 percent above its 52-week low.

Market capitalisation stands at Rs 36,085.33 crore.

#1 Profit declines 3.8 percent to Rs 165.2 crore Vs Rs 171.8 crore, YoY

#2 Revenue jumps 20.9 percent to Rs 1,498.3 crore Vs Rs 1,239 crore, YoY

Adani Total Gas was quoting at Rs 621.70, down Rs 4.30, or 0.69 percent.

It has touched an intraday high of Rs 633.00 and an intraday low of Rs 618.20.

It was trading with volumes of 54,992 shares, compared to its five day average of 60,513 shares, a decrease of -9.12 percent.

In the previous trading session, the share closed up 0.28 percent or Rs 1.75 at Rs 626.00.

The share touched a 52-week high of Rs 941.05 and a 52-week low of Rs 533.00 on 01 August, 2024 and 03 March, 2025, respectively.

Currently, the stock is trading 33.94 percent below its 52-week high and 16.64 percent above its 52-week low.

Market capitalisation stands at Rs 68,375.19 crore.

#1 Profit surges 35.8 percent to Rs 66.1 crore Vs Rs 48.7 crore, YoY

#2 Revenue grows 33.3 percent to Rs 743.8 crore Vs Rs 558.1 crore, YoY

Railtel Corporation of India was quoting at Rs 379.80, up Rs 0.65, or 0.17 percent.

It has touched an intraday high of Rs 385.85 and an intraday low of Rs 376.40.

It was trading with volumes of 97,776 shares, compared to its five day average of 365,994 shares, a decrease of -73.28 percent.

In the previous trading session, the share closed down 3.76 percent or Rs 14.80 at Rs 379.15.

The share touched a 52-week high of Rs 518.80 and a 52-week low of Rs 265.30 on 30 July, 2024 and 03 March, 2025, respectively.

Currently, the stock is trading 26.79 percent below its 52-week high and 43.16 percent above its 52-week low.

Market capitalisation stands at Rs 12,189.24 crore.

The Sensex was down 167.73 points or 0.21 percent at 80,723.29, and the Nifty was down 35.70 points or 0.14 percent at 24,645.20. About 1466 shares advanced, 1785 shares declined, and 144 shares unchanged.

#1 Profit zooms 42.3 percent to Rs 124.6 crore Vs Rs 87.6 crore, YoY

#2 Revenue increases 11.3 percent to Rs 5,022.9 crore Vs Rs 4,511.9 crore, YoY

KEC International was quoting at Rs 856.35, down Rs 7.25, or 0.84 percent.

It has touched an intraday high of Rs 879.95 and an intraday low of Rs 854.95.

It was trading with volumes of 23,483 shares, compared to its five day average of 19,103 shares, an increase of 22.93 percent.

In the previous trading session, the share closed up 0.38 percent or Rs 3.30 at Rs 863.60.

The share touched a 52-week high of Rs 1,312.00 and a 52-week low of Rs 605.05 on 04 December, 2024 and 07 April, 2025, respectively.

Currently, the stock is trading 34.73 percent below its 52-week high and 41.53 percent above its 52-week low.

Market capitalisation stands at Rs 22,796.04 crore.

#1 Profit soars 20 percent to Rs 548 crore Vs Rs 457 crore, YoY

#2 Revenue rises 11.2 percent to Rs 3,178 crore Vs Rs 2,859 crore, YoY

Torrent Pharmaceuticals was quoting at Rs 3,726.60, up Rs 101.65, or 2.80 percent.

It has touched a 52-week high of Rs 3,749.00.

It has touched an intraday high of Rs 3,749.00 and an intraday low of Rs 3,645.15.

It was trading with volumes of 41,668 shares, compared to its five day average of 9,364 shares, an increase of 344.99 percent.

The Hydrocarbon Offshore business vertical (L&T Energy Hydrocarbon Offshore) of L&T has secured an ultra-mega order from a prestigious client in the Middle East.

The order encompasses multiple offshore packages, and the scope includes engineering, procurement, construction and installation of offshore structures, along with the upgradation of existing facilities.

Larsen & Toubro was quoting at Rs 3,418.25, down Rs 3.95, or 0.12 percent.

It has touched an intraday high of Rs 3,436.60 and an intraday low of Rs 3,405.50.

It was trading with volumes of 753,879 shares, compared to its five day average of 52,993 shares, an increase of 1,322.61 percent.

In the previous trading session, the share closed down 0.61 percent or Rs 21.15 at Rs 3,422.20.

The share touched a 52-week high of Rs 3,963.00 and a 52-week low of Rs 2,967.65 on 10 December, 2024 and 07 April, 2025, respectively.

Currently, the stock is trading 13.75 percent below its 52-week high and 15.18 percent above its 52-week low.

Market capitalisation stands at Rs 480,744.60 crore.

#1 Profit falls 3.9 percent to Rs 143.1 crore Vs Rs 148.9 crore, YoY

#2 Revenue increases 14.2 percent to Rs 2,494 crore Vs Rs 2,184.8 crore, YoY

Motherson Sumi Wiring India was quoting at Rs 39.30, down Rs 0.70, or 1.75 percent.

It has touched an intraday high of Rs 40.31 and an intraday low of Rs 39.28.

It was trading with volumes of 93,923 shares, compared to its five day average of 455,562 shares, a decrease of -79.38 percent.

In the previous trading session, the share closed down 1.19 percent or Rs 0.48 at Rs 40.00.

The share touched a 52-week high of Rs 50.69 and a 52-week low of Rs 30.71 on 30 July, 2024 and 28 February, 2025, respectively.

Currently, the stock is trading 22.47 percent below its 52-week high and 27.97 percent above its 52-week low.

Market capitalisation stands at Rs 26,062.43 crore.

#1 Profit rises 4 percent to Rs 51 crore Vs Rs 49 crore, YoY

#2 Revenue grows 1.8 percent to Rs 3,651.4 crore Vs Rs 3,586.9 crore, YoY

Quess Corp was quoting at Rs 296.00, up Rs 1.80, or 0.61 percent.

It has touched an intraday high of Rs 303.45 and an intraday low of Rs 294.90.

It was trading with volumes of 23,240 shares, compared to its five day average of 18,558 shares, an increase of 25.23 percent.

In the previous trading session, the share closed down 2.78 percent or Rs 8.40 at Rs 294.20.

The share touched a 52-week high of Rs 875.00 and a 52-week low of Rs 281.05 on 23 September, 2024 and 15 April, 2025, respectively.

Currently, the stock is trading 66.17 percent below its 52-week high and 5.32 percent above its 52-week low.

Market capitalisation stands at Rs 4,408.90 crore.

#1 Profit zooms 65.9 percent to Rs 11.8 crore Vs Rs 7.1 crore, YoY

#2 Revenue jumps 12.5 percent to Rs 148.8 crore Vs Rs 132.2 crore, YoY

Bajaj Healthcare was quoting at Rs 498.80, down Rs 31.35, or 5.91 percent.

It has touched an intraday high of Rs 541.95 and an intraday low of Rs 492.70.

It was trading with volumes of 40,486 shares, compared to its five day average of 26,039 shares, an increase of 55.48 percent.

In the previous trading session, the share closed up 2.57 percent or Rs 13.30 at Rs 530.15.

The share touched a 52-week high of Rs 744.90 and a 52-week low of Rs 333.20 on 19 March, 2025 and 28 October, 2024, respectively.

Currently, the stock is trading 33.04 percent below its 52-week high and 49.7 percent above its 52-week low.

Market capitalisation stands at Rs 1,575.37 crore.

ONGC, in partnership with BP Exploration (Alpha) and Reliance Industries, has signed a Joint Operating Agreement (JOA) for offshore exploration of a block in the Saurashtra Basin.

Oil and Natural Gas Corporation was quoting at Rs 240.30, up Rs 0.20, or 0.08 percent.

It has touched an intraday high of Rs 242.30 and an intraday low of Rs 239.65.

It was trading with volumes of 76,589 shares, compared to its five day average of 445,853 shares, a decrease of -82.82 percent.

In the previous trading session, the share closed down 0.04 percent or Rs 0.10 at Rs 240.10.

The share touched a 52-week high of Rs 344.60 and a 52-week low of Rs 205.00 on 01 August, 2024 and 07 April, 2025, respectively.

Currently, the stock is trading 30.27 percent below its 52-week high and 17.22 percent above its 52-week low.

Market capitalisation stands at Rs 302,304.11 crore.

The company’s subsidiary, RPSG Sports Ventures (RPSVPL), has executed a Share Purchase Agreement with the England and Wales Cricket Board (ECB) for the acquisition of a 70% equity stake in Manchester Originals for GBP 81.21 million, to be paid over a period of 24 months.

With this transaction, Manchester Originals has become a subsidiary of RPSVPL and a step-down subsidiary of RPSG Ventures.

RPSG VENTURES was quoting at Rs 977.10, up Rs 23.15, or 2.43 percent.

It has touched an intraday high of Rs 999.05 and an intraday low of Rs 960.

It was trading with volumes of 5,696 shares, compared to its five day average of 7,824 shares, a decrease of -27.20 percent.

In the previous trading session, the share closed down 4.27 percent or Rs 42.60 at Rs 953.95.

The share touched a 52-week high of Rs 1,357.40 and a 52-week low of Rs 712.00 on 28 August, 2024 and 07 April, 2025, respectively.

Currently, the stock is trading 28.02 percent below its 52-week high and 37.23 percent above its 52-week low.

Market capitalisation stands at Rs 3,232.87 crore.

Arvind SmartSpaces was quoting at Rs 604.35, down Rs 20.10, or 3.22 percent.

It has touched an intraday high of Rs 625.05 and an intraday low of Rs 597.70.

It was trading with volumes of 8,304 shares, compared to its five day average of 5,637 shares, an increase of 47.31 percent.

In the previous trading session, the share closed down 0.10 percent or Rs 0.60 at Rs 624.45.

The share touched a 52-week high of Rs 1,024.35 and a 52-week low of Rs 581.00 on 28 November, 2024 and 07 April, 2025, respectively.

Currently, the stock is trading 41 percent below its 52-week high and 4.02 percent above its 52-week low.

Market capitalisation stands at Rs 2,770.91 crore.

Central Depository Services Ltd was quoting at Rs 1,539.50, up Rs 16.70, or 1.10 percent.

It has touched an intraday high of Rs 1,550.70 and an intraday low of Rs 1,522.70.

It was trading with volumes of 1,089,195 shares, compared to its five day average of 3,200,905 shares, a decrease of -65.97 percent.

In the previous trading session, the share closed down 5.69 percent or Rs 91.90 at Rs 1,522.80.

The share touched a 52-week high of Rs 1,989.80 and a 52-week low of Rs 1,047.45 on 17 December, 2024 and 17 March, 2025, respectively.

Currently, the stock is trading 22.63 percent below its 52-week high and 46.98 percent above its 52-week low.

Market capitalisation stands at Rs 32,175.55 crore.

The company has emerged as the lowest (L1) bidder for an order worth Rs 2,956.66 crore in a tender floated by South Eastern Coalfields.

The contract involves handling, transport, and other mining services—including the hiring of HEMM (Heavy Earth Moving Machinery) for overburden removal and coal extraction by surface miner, as well as loading and transportation of the extracted coal to various destinations at the Gevra OCP expansion project in Chhattisgarh.

#1 Company is well-positioned with a strong prestige-and-above portfolio and access to Diageo brands

#2 Policy changes may limit near-term growth, though long-term outlook remains positive

#3 CLSA finds the 54x one-year forward PE valuation demanding