India Market Recap
Indian equity benchmarks rebounded strongly on Monday, snapping a five-session losing streak, as easing geopolitical concerns and value buying lifted investor sentiment. The NSE Nifty 50 gained 228.50 points, or 0.96%, to close at 23,995.95, while the BSE Sensex advanced 776.01 points, or 1.02%, to settle at 76,835.78. Broad-based buying across sectors helped the indices recover after the recent correction. On the technical front, Nifty support is placed in the 23,600–23,800 range, while resistance is seen between 24,200 and 24,300.
US Market Recap
Wall Street ended on a mixed note after a volatile trading session, as lower oil prices helped ease inflation concerns. The Dow Jones Industrial Average rose more than 260 points, or around 0.5%, while the S&P 500 closed marginally higher. However, the Nasdaq Composite slipped 0.2%, weighed down by continued selling in semiconductor stocks as investors reduced exposure to the technology sector.
Asian Market Update
Asian markets opened lower on Tuesday, led by a sharp decline in South Korean equities. The Kospi dropped 5.93% at the open, while Japan's Nikkei 225 fell 0.65% and the Topix declined 0.63%. Australia's S&P/ASX 200 also traded 0.38% lower as investors remained cautious amid weakness in technology stocks and uncertainty over global market direction.
Commodity Check
Crude oil prices extended their sharp decline as hopes of renewed diplomatic talks between the United States and Iran eased concerns over disruptions to global oil supplies. Brent crude fell below $88 per barrel, while US West Texas Intermediate (WTI) traded near $82 per barrel. The decline followed Monday's 8.7% drop in Brent—its biggest single-day fall in more than three months—as markets pared the geopolitical risk premium. Investor sentiment improved after reports that US President Donald Trump had paused further military action to allow negotiations with Iran, although the progress of those discussions remains uncertain.
Stocks In News
- Wipro: Partnered with Databricks to help enterprises modernise data infrastructure and deploy AI at scale.
- Zaggle Prepaid: Entered into a three-year agreement with Daimler India Commercial Vehicles to provide Zaggle Zatix and its Corporate Credit Card programme for DICV's fleet partners.
- Sun Pharmaceutical Industries: Partner Philogen resubmitted the European Medicines Agency marketing authorisation application for Nidlegy, a melanoma treatment, for Europe, Australia and New Zealand.
- Jeena Sikho Lifecare: Launched four Ayurvedic pain relief patch products.
- Pfizer: Amit Agarwal resigned as Executive Director-Finance and CFO, effective Oct. 8, 2026.
- Avenue Supermarts: Opened a new DMart store in Pratapnagar, Udaipur, taking the total store count to 505.
- Heritage Foods: Acquired an additional 20% stake in PBJL, increasing its holding to 71%. PBJL became a subsidiary effective July 27, 2026.
- HCLTech: Released Economist Enterprise AI research on the TMT sector based on responses from more than 200 C-suite executives.
- Goodluck India: Subsidiary Goodluck Defence received a Quality Assurance Certificate from the Directorate General of Quality Assurance for the supply of 155 mm M107 Ready-to-Fill artillery shells assembled with recovery plugs.
- Tata Power: Board approved a private placement of non-convertible debentures/bonds of up to Rs. 4,500 crore to refinance loans.
- Waaree Renewable Technologies: Signed an ECI agreement with an SPV of a leading global IPP to develop a utility-scale solar PV project with BESS in New Zealand, marking its entry into the Australia-New Zealand renewable energy market.
- SRF: Income Tax Department rectified the FY22 tax order, reducing the tax demand to Rs. 9.46 crore from Rs. 327.44 crore. The company is evaluating legal options for the remaining demand.
- Mankind Pharma: Completed the sale of its entire 100% stake in Broadway Hospitality Services for Rs. 49 crore.
- Tata Motors: Flooding disrupted operations at its Sanand plant and suppliers in Gujarat on July 27. The company expects normalcy to return in the next few days.
- Gravita India: Board approved the closure of subsidiary Gravita Metal Inc. from Aug. 1, 2026, consolidating operations at its Jaipur facility to improve operational and cost efficiencies.
- NDR Auto Components: Shareholders approved the reappointment of Pranav Relan, Ayush Relan and Rajat Bhandari as Whole-Time Directors. Rajat Bhandari will continue as Executive Director and Company Secretary.
- Sumitomo Chemical India: Shareholders approved the appointment of Dr. Suresh Ramachandran as Managing Director and the transition of Chetan Shah to Non-Executive Non-Independent Director, effective Sept. 1, 2026.
- Anand Rathi Wealth: Promoter Anand Rathi IT disclosed the invocation of pledge on a portion of its shareholding on May 11, 2026.
- Mphasis: Promoters refinanced existing financing arrangements by releasing and creating fresh encumbrances over 30.55% of the company's share capital, with no change in promoter shareholding.
- Vardhman Special Steels: Began development of a forging facility with a planned investment of Rs. 1,116 crore in two phases to manufacture precision-forged automotive components in partnership with Aichi Steel Corporation.
- Adani Energy Solutions: Launched its QIP on July 27 with a floor price of Rs. 1,698.15 per share and may offer a discount of up to 5%.
- Rajesh Exports: Said it has no information regarding the reported NEFRA probe.
- Torrent Pharmaceuticals: NSE and BSE approved the listing of 4,19,22,416 shares issued under the JB Chemicals amalgamation, effective July 28, 2026.
- TVS Motor Company: Acquired a 4.39% stake in TVS Credit Services from Lucas TVS for Rs. 711 crore, increasing its holding to 85.15% from 80.76%.
- Bank of Baroda: Reported a cybersecurity incident involving a potential business email compromise. An independent CERT-In empanelled agency is investigating, and the bank said there is no material impact on operations, financial performance or business continuity.
- InterGlobe Aviation: Board redesignated CFO Gaurav Negi as Advisor and appointed Kiran Thadimarri as CFO with effect from July 28, 2026.
Earnings And Updates
- Revenue up 41.8% to Rs. 1,475 crore versus Rs. 1,040 crore YoY
- Ebitda up 9% to Rs. 109.7 crore versus Rs. 100.6 crore YoY
- Ebitda margin at 7.4% versus 9.7% YoY
- Net profit up 14% to Rs. 106 crore versus Rs. 93 crore YoY
- Closes operations of Arm Gravita Metal Inc.
- Revenue up 25.3% to Rs. 5,533 crore versus Rs. 4,417 crore YoY
- Ebitda up 12% to Rs. 1,389 crore versus Rs. 1,240 crore YoY
- Ebitda margin at 25.1% versus 28.1% YoY
- Net profit up 8.2% to Rs. 1,048 crore versus Rs. 969 crore YoY
- Order book at Rs. 72,258 crore as on July 1
- Revenue up 5.6% to Rs. 19,051 crore versus Rs. 18,035 crore YoY
- Ebitda down 3% to Rs. 4,013 crore versus Rs. 4,139 crore YoY
- Ebitda margin at 21.1% versus 22.9% YoY
- Net profit up 10.9% to Rs. 1,176 crore versus Rs. 1,060 crore YoY
- Revenue up 7.8% to Rs. 46,255 crore versus Rs. 42,919 crore YoY
- Ebitda down 4.1% to Rs. 12,069 crore versus Rs. 12,588 crore YoY
- Ebitda margin at 26.1% versus 29.3% YoY
- Net profit up 0.6% to Rs. 8,852 crore versus Rs. 8,797 crore YoY
- Interim dividend of Rs. 5.5 per share
- Revenue down 19% to Rs. 1,206 crore versus Rs. 1,486 crore YoY
- Ebitda down 46.2% to Rs. 182 crore versus Rs. 338 crore YoY
- Ebitda margin at 15.1% versus 22.7% YoY
- Net profit down 44.3% to Rs. 198 crore versus Rs. 356 crore YoY
- Revenue up 14.4% to Rs. 4,255 crore versus Rs. 3,719 crore YoY
- Ebitda down 14.5% to Rs. 555 crore versus Rs. 649 crore YoY
- Ebitda margin at 13% versus 17.5% YoY
- Net loss at Rs. 17 crore versus profit of Rs. 252 crore YoY
- Revenue up 1.6% to Rs. 1,146 crore versus Rs. 1,128 crore YoY
- Ebitda down 25% to Rs. 185 crore versus Rs. 247 crore YoY
- Ebitda margin at 16.2% versus 21.9% YoY
- Net profit down 28.8% to Rs. 124 crore versus Rs. 174 crore YoY
- Appoints Amit Jalan as CFO
- Revenue to Rs. 1,046 crore versus Rs. 394 crore YoY
- Ebitda up 78.9% to Rs. 169 crore versus Rs. 94.4 crore YoY
- Ebitda margin at 16.1% versus 24% YoY
- Net profit down 64.3% to Rs. 31.6 crore versus Rs. 88.5 crore YoY
- One-time cost of Rs. 30 crore in Q1
- Revenue up 13.7% to Rs. 1,200 crore versus Rs. 1,056 crore YoY
- Ebitda up 21.6% to Rs. 193 crore versus Rs. 159 crore YoY
- Ebitda margin at 16.1% versus 15.1% YoY
- Net profit up 61.5% to Rs. 117 crore versus Rs. 72.4 crore YoY
- Revenue up 13.6% to Rs. 1,887 crore versus Rs. 1,661 crore YoY
- Ebitda up 16.5% to Rs. 290 crore versus Rs. 249 crore YoY
- Ebitda margin at 15.4% versus 15% YoY
- Net profit up 64.6% to Rs. 130 crore versus Rs. 79 crore YoY
- Revenue up 72.5% to Rs. 145 crore versus Rs. 84.3 crore YoY
- Ebitda to Rs. 33.5 crore versus Rs. 15.4 crore YoY
- Ebitda margin at 23% versus 18.2% YoY
- Net profit to Rs. 18.8 crore versus Rs. 7.2 crore YoY
- Revenue up 4.6% to Rs. 8,431 crore versus Rs. 8,058 crore YoY
- Ebitda up 3% to Rs. 4,521 crore versus Rs. 4,390 crore YoY
- Ebitda margin at 53.6% versus 54.5% YoY
- Net profit up 0.5% to Rs. 1,746 crore versus Rs. 1,737 crore YoY
- Other income at Rs. 121 crore versus Rs. 85 crore YoY
- Net profit down 15.3% at Rs 519 crore vs Rs 612 crore
- Revenue up 24.2% at Rs 5,528 crore vs Rs 4,450 crore
- EBITDA up 20.7% at Rs 1,058 crore vs Rs 877 crore
- EBITDA margin at 19.1% vs 19.7% QoQ
- One-time cost of Rs 55 crore in Q1
- To pay an interim dividend of Rs 4 per share