India Market Recap
Indian equity benchmarks started the week on a strong note, supported by broad-based buying in FMCG and IT stocks. The BSE Sensex climbed 544.39 points, or 0.70%, to close at 78,639.03, while the NSE Nifty 50 advanced 390.70 points, or 1.60%, to settle at 24,774.30. The rally was driven by improved global sentiment and easing geopolitical concerns, with investors selectively accumulating large-cap stocks across key sectors. On technical front, Nifty support is around 24500-24600 the range, while resistance is between 24900-25000.
US Market Recap
Wall Street rallied sharply on Monday after US President Donald Trump announced that planned military strikes against Iran had been called off, easing concerns over a wider conflict in the Middle East. The Dow Jones Industrial Average rose 1.32% to close at 53,178.41, while the S&P 500 gained 1.48% to settle at 7,600.50. The technology-heavy Nasdaq Composite outperformed, climbing 2.13% to 25,913.90, supported by renewed buying in technology stocks and improving risk sentiment.
Asian Market Update
Asian markets traded mixed on Tuesday as investors digested the strong gains on Wall Street. Japan's Nikkei 225 opened higher but reversed course to trade around 0.9% lower shortly after the opening bell. Hong Kong's Hang Seng Index ended 0.48% higher, while China's Shanghai Composite slipped 0.6%. Market participants remained focused on global economic developments and the evolving geopolitical landscape.
Commodity Check
Precious metals remained firm, with gold trading around Rs.1,43,000 per 10 grams and silver at approximately Rs.2,17,200 per kg, according to the Indian Bullions website. Crude oil prices also edged higher after stabilising following the easing of geopolitical tensions. Brent crude rose 0.8% to $84.47 per barrel, while US West Texas Intermediate (WTI) gained 0.70% to close at $80.92 per barrel, as investors continued to assess the impact of developments in the Middle East on global energy supplies.
Stocks In News
- Mastek: Mastek partnered with Innovaccer to accelerate AI-powered healthcare transformation.
- Kansai Nerolac: Approved Rs 601 crore in phased capacity additions at Sayakha, Bawal and Hosur by FY2028-29.
- United Spirits: Filed a writ petition in the Bombay High Court challenging FSSAI's order restricting the sale of a product manufactured at its Baramati unit over alleged label non-compliance.
- Kirloskar Pneumatic: Completed the acquisition of a 99.49% stake in KSEA on August 3, 2026.
- Endurance Technologies: Completed the sale of Italy-based Veicoli Srl on August 3, 2026.
- Praj Industries: Subsidiary Praj GenX signed a global supply agreement for hyperscale data centres with a committed business value of Rs 500 crore.
- UPL: UPL Corporation CEO Mike Frank will step down on August 31, 2026, after 4.5 years.
- HG Infra Engineering: Five step-down solar subsidiaries were struck off on August 3, 2026.
- Piramal Pharma: Resumed operations at its Ahmedabad facilities on August 3, 2026. Limited restoration work remains, with no material impact expected.
- 360 ONE: Global Asset Management received IFSCA registration as a Retail Registered Fund Management Entity.
- Unimech Aerospace: Approved a change in IPO fund utilisation, reallocating Rs 61.29 crore towards M&A, greenfield projects and joint ventures out of total IPO proceeds of Rs 250 crore.
- Arvind: Opened its QIP on August 3, 2026, with a floor price of Rs 518.58 per share.
- PNB Housing Finance: Chief Business Officer (Affordable Business) Valli Sekar resigned and will be relieved on September 1, 2026. Satish Kumar Singh was appointed as Chief Business Officer (Affordable Business) effective August 3, 2026.
- PC Jeweller: Repaid outstanding debt of two more consortium banks under the September 2024 settlement agreement, taking the total to seven of 14 consortium banks, all prepaid ahead of schedule. Also allotted 1.11 crore equity shares to promoter Balram Garg upon conversion of 1.11 crore warrants, receiving Rs 14.92 crore. Another 5.56 crore warrants remain pending conversion.
- KEI Industries: Approved a Rs 700 crore investment to expand wires and cables capacity at Salarpur, Rajasthan, with operations expected by September 2028. Also approved the reappointment of Akshit Diviaj Gupta as Whole-Time Director for a five-year term.
- LIC: The Government of India will divest up to a 6.5% stake through an OFS. The base offer comprises 31.62 crore shares (2.5% stake), with an oversubscription option of 50.60 crore shares (4% stake). The floor price has been set at Rs 382 per share. Retail investors will receive a Rs 10 per share discount. Non-retail bidding opens on August 4 and retail bidding on August 5.
- Jupiter Wagons: Acquired the remaining 1.94% stake in JTRWF for Rs 16.53 crore. Separately, Italy's Lucchini RS and SIMEST will acquire a 25% stake in JTRWF for about €28 million to develop India's first fully integrated private-sector rail wheel, axle and wheelset manufacturing platform.
- Motherson: Step-down subsidiary MSSL RSA completed the acquisition of the remaining 49% stake in South Africa-based Vacuform on August 3, 2026, making Vacuform an indirect wholly owned subsidiary.
- Inox Green Energy Services: NCLT approved the consortium's resolution plan for Wind World India. The Inox Group will acquire WWIL's O&M business and a nearly 600 MW IPP and power sale portfolio through the approved resolution plan.
- SAMHI Hotels: Board approved fundraising of up to Rs 750 crore, increased authorised share capital to Rs 29 crore from Rs 25 crore, and approved the acquisition of a 100% stake in Itmenaan Lodges for Rs 12 crore.
- Power Grid: Acquired Krishnagiri REZ Transmission under the TBCB route for about Rs 19.82 crore. The SPV will develop the transmission system for integration of Krishnagiri REZ Phase-I, including two new 765/400 kV substations and associated transmission lines across Andhra Pradesh, Telangana and Karnataka.
Earnings & Updates
- Net profit up 64.4% to Rs 17.1 crore versus Rs 10.4 crore.
- Revenue up 41.3% to Rs 481 crore versus Rs 340 crore.
- Ebitda up 50.1% to Rs 53.6 crore versus Rs 35.7 crore.
- Ebitda margin at 11.2% versus 10.5%.
- Net profit up 15.7% to Rs 237 crore versus Rs 205 crore.
- Revenue up 16.5% to Rs 938 crore versus Rs 805 crore.
- Ebitda up 17.6% to Rs 295 crore versus Rs 251 crore.
- Ebitda margin at 31.5% versus 31.2%.
- Re-appointed Bhushan Akshikar as MD for two years.
- Net profit up 4.8% to Rs 232 crore versus Rs 221 crore.
- Revenue up 9.8% to Rs 2,374 crore versus Rs 2,162 crore.
- Ebitda up 8.4% to Rs 329 crore versus Rs 303 crore.
- Ebitda margin at 13.9% versus 14%.
- Net loss at Rs 28.3 crore versus loss of Rs 41.9 crore.
- Revenue up 17.9% to Rs 823 crore versus Rs 698 crore.
- Ebitda up 37.6% to Rs 100 crore versus Rs 72.8 crore.
- Ebitda margin at 12.2% versus 10.4%.
- Net profit up 69.7% to Rs 50.9 crore versus Rs 30 crore.
- Revenue down 16.9% to Rs 757 crore versus Rs 911 crore.
- Ebitda down 19.6% to Rs 57 crore versus Rs 70.9 crore.
- Ebitda margin at 7.5% versus 7.8%.
- Net profit to Rs 1,309 crore versus Rs 505 crore.
- Revenue up 66.9% to Rs 2,005 crore versus Rs 1,201 crore.
- Ebitda to Rs 1,338 crore versus Rs 642 crore.
- Ebitda margin at 66.7% versus 53.5%.
- Interim dividend of Rs 14.40 per share declared.
- Net profit up 4.1% to Rs 794 crore versus Rs 763 crore.
- Revenue down 52.9% to Rs 1,280 crore versus Rs 2,717 crore.
- Ebitda down 58.9% to Rs 150 crore versus Rs 364 crore.
- Ebitda margin at 11.7% versus 13.4%.
- Other income at Rs 325 crore versus Rs 264 crore.
- Profit down 12.7% to Rs 639 crore versus Rs 731 crore.
- Revenue up 2.8% to Rs 8,124 crore versus Rs 7,906 crore.
- Ebitda up 3.7% to Rs 1,538 crore versus Rs 1,483 crore.
- Ebitda margin at 18.9% versus 18.8%.
- Net profit up 5.8% to Rs 58.7 crore versus Rs 55.5 crore.
- Revenue up 1.2% to Rs 828 crore versus Rs 818 crore.
- Ebitda up 35.6% to Rs 41.5 crore versus Rs 30.6 crore.
- Ebitda margin at 5% versus 3.7%.
- Net profit down 22.3% to Rs 44.5 crore versus Rs 57.3 crore.
- Revenue up 19.2% to Rs 671 crore versus Rs 562 crore.
- Ebitda down 16.4% to Rs 82.6 crore versus Rs 98.7 crore.
- Ebitda margin at 12.3% versus 17.6%.
- Net profit up 28.5% to Rs 123 crore versus Rs 95.9 crore.
- Revenue up 30.6% to Rs 1,327 crore versus Rs 1,017 crore.
- Ebitda up 30.8% to Rs 166 crore versus Rs 127 crore.
- Ebitda margin flat at 12.5%.
- Net profit down 41.1% to Rs 23.8 crore versus Rs 40.4 crore.
- Revenue up 79.1% to Rs 1,335 crore versus Rs 745 crore.
- Ebitda up 55.4% to Rs 108 crore versus Rs 69.6 crore.
- Ebitda margin at 8.1% versus 9.3%.
- Net profit down 47.2% to Rs 41.5 crore versus Rs 78.6 crore.
- Revenue up 35.3% to Rs 1,180 crore versus Rs 872 crore.
- Ebitda up 16% to Rs 223 crore versus Rs 193 crore.
- Ebitda margin at 18.9% versus 22.1%.
- To provide a loan or guarantee of Rs 650 crore to arms.
- Net profit up 40.1% to Rs 274 crore versus Rs 196 crore.
- Revenue up 23% to Rs 3,185 crore versus Rs 2,590 crore.
- Ebitda up 53.4% to Rs 396 crore versus Rs 258 crore.
- Ebitda margin at 12.4% versus 10%.
- Profit down 4.9% to Rs 58 crore versus Rs 61 crore.
- Revenue up 9.2% to Rs 370.8 crore versus Rs 340 crore.
- Ebitda down 0.3% to Rs 75.9 crore versus Rs 76.1 crore.
- Ebitda margin at 20.5% versus 22.4%.
- Net profit up 21% to Rs 69.6 crore versus Rs 57.5 crore.
- Revenue up 75.9% to Rs 2,725 crore versus Rs 1,549 crore.
- Ebitda up 21.8% to Rs 110 crore versus Rs 90 crore.
- Ebitda margin at 4% versus 5.8%.
- Net loss at Rs 26.5 crore versus loss of Rs 49.4 crore.
- Revenue up 6.5% to Rs 472 crore versus Rs 443 crore.
- Ebitda loss at Rs 45.9 crore versus loss of Rs 27.3 crore.
- Profit up 38.7% to Rs 880 crore versus Rs 634 crore.
- Total income up 27% to Rs 1,390 crore versus Rs 1,093 crore.
- Net profit up 67.2% to Rs 56.5 crore versus Rs 33.8 crore.
- Revenue up 31% to Rs 732 crore versus Rs 559 crore.
- Ebitda up 31% to Rs 95 crore versus Rs 72.5 crore.
- Ebitda margin flat at 12.97%.
- Net profit up 5.8% to Rs 18.3 crore versus Rs 17.3 crore.
- Revenue up 12.1% to Rs 305 crore versus Rs 272 crore.
- Ebitda up 8.6% to Rs 98.3 crore versus Rs 90.5 crore.
- Ebitda margin at 32.2% versus 33.2%.
- To raise Rs 750 crore via equity and debt.
- Net profit up 37% to Rs 339 crore versus Rs 247 crore.
- Total income up 15% to Rs 2,251 crore versus Rs 1,960 crore.
- Net profit to Rs 29 crore versus Rs 10.8 crore.
- Revenue up 25.7% to Rs 424 crore versus Rs 337 crore.
- Ebitda up 64.6% to Rs 59.8 crore versus Rs 36.3 crore.
- Ebitda margin at 14.1% versus 10.8%.