More Stories

Informist, Tuesday, Jul. 7, 2026                                      Tel +91 (22) 6985-4000

---

Equity Alert: Indices remain higher, takes slow start to Tue; IT cos gain

 

MUMBAI--1031 IST--Benchmark equity indices rose a tad further on Tuesday, taking a slower start to the day, with information technology companies seeing most buying interest. The Nifty 50 index hovered around 24490 points after breaching the 24500 mark. The index is expected to face immediate resistance at 24550 points. Investors continued reacting to the June quarter business updates from various companies.

 

At 1031 IST, the Nifty 50 was at 24488.70 points, up 58.35 points or 0.2%. So far, the index has risen 75 points. Analysts had said there would not be broad-based buying within the index, which would keep the index in a range. They also expect stock-specific movement to prevail in the near term. 

 

Among Nifty 50 stocks, Infosys gained 3.6% to take the spot of top gainer, overtaking Titan Co. Tata Consultancy Services and Tech Mahindra were up 2.6?ch. Among the stocks that declined, Trent remained the worst-hit, falling a shade above 11% against 9?rlier. Adani Enterprises and Coal India were down 1-2%. 

 

Among others, Info Edge (India) was up around 6?ter its billings standalone operations rose around 15% for the June quarter. The company earned INR 7.4 billion as revenue. RITES Ltd. maintained its top spot in the Nifty 500 index, gaining 8%. The rise in its shares comes after the company got a $35 mln order to supply and commission locomotives to a South African company. (Gopika Balasubramanium)

---

 

Equity Alert: Jubilant FoodWorks up 4% on Q1 update; consol sales up 14% YoY

 

MUMBAI--1014 IST--Shares of Jubilant Foodworks rose almost 4% to their highest level in a month of INR 455.20 on the NSE after the company shared its business update for the June quarter. Over 4.5 million shares of the company changed hands on the bourse intraday, much higher than nearly 208,000 till the same time Monday. Its Domino's India business recorded a like-for-like growth of 2.5% in the quarter, the company said. 

 

Jubilant FoodWorks' standalone revenue from operations for Apr-Jun grew over 9% on year to INR 18.5 billion while its consolidated revenue for the June quarter grew 14% on year to INR 25.7 billion. Sequentially, the company's consolidated sales increased almost 3% on year from close to INR 25 billion. 

 

The company continued its store expansion. It added 76 new stores during the quarter to take its total store count to 3,712. Domino's India store count stood at 2,513, with 58 gross additions. At 1013 IST, shares of the company were trading 3% higher at INR 451.50.  (Ruchira Kagita)

---

 

Equity Alert: Indices open higher; Trent plunges 10%, Titan tops Nifty 50

 

MUMBAI--0930 IST--Benchmark equity indices opened higher on Tuesday bucking trend in other Asian markets. Shares of information technology and state-owned banks saw buying interest, followed by healthcare stocks. Investors reacted to business updates from various companies, with Trent seeing the sharpest reaction, falling 10%. 

 

At 0930 IST, the Nifty 50 was at 24453.90 points, up 23.55 points or 0.1%. The index is expected to take support at 24300 points during the day and face resistance at 24600 points, according to technical analysts. The BSE Sensex was at 78356.66 points, up 71.59 points or 0.1%. 

 

Information technology stocks Infosys, HCL Technologies, and Tech Mahindra saw 1-2% gains. Elsewhere in Asia, there has been huge sell-off in chipmakers and semiconductor companies post Samsung Electronics Co.'s earnings.  

 

Among stocks, Trent fell as much as 10.2?ter the company's provisional numbers came below expectations. The stock fell to a low of INR 3,002.10. Its retail sales for Apr-Jun rose 19%. This was below Street's expectations of 22-23%. On other hand, Titan Co. was up over 2% and was the top gainer of the Nifty 50 index. It's domestic sales grew 37% on year in Apr-Jun as against exectations of growth of mid-twenties. 

 

Meanwhile, Jubilant Foodworks rose around 3% in early trade and was the top gainer in the Nifty 200. Its consolidated revenue grew 14% on year for June quarter. RITES Ltd. was up over 7%, followed by Cemindia Projects which was up around 5%. Both the stocks were top gainers in the Nifty 500 index. (Gopika Balasubramanium)

---

Equity Alert: Brokerages bullish on Titan on co's strong business updates

 

MUMBAI--0900 IST--Brokerages remain bullish on Titan Co., after the company updated its June quarter business details on Monday. The company posted a 41% on-year growth in its consumer business revenue during the June quarter, and its jewellery business in India recorded a revenue growth of 39% on year in Apr-Jun. Brokerage Nomura Financial Advisory expects a faster growth for the company than the industry and sees a structural improvement in its revenue per store per squre feet.

 

"We expect Titan to continue to grow faster than the industry and gain share to c.10% by FY28F (2027–28(Apr-Mar) from unorganized players (60% of the industry) as it deepens its store reach in Tier 2/3/4 towns and as consumers shift to organized players seeking correct carat-age, better designs, and experience," according to the brokerage's research report on Titan.

 

Nomura maintained its 'buy' recommendation on the stock with a target price of INR 5,000. It projected an earnings-per-share estimate at a compound annual growth rate of 21% over FY26 and FY29.

 

Global brokerage Bernstein expects jewellery margins of the company to remain stable and sees the double-digit buyer growth as a very encouraging sign, NDTV Profit posted on its X account, citing the brokerage. Macquarie said the company's sales growth across jewellery and watches surprises positively.

 

Titan's domestic watches business revenue grew 23% on year during the quarter. The analog watches led overall growth for the division in high twenties, driven by continuous premiumisation trends. The smart watches business declined in low teens. "Pickup in buyer growth in the jewellery segment paints a constructive outlook for future quarters," NDTV Profit posted on its X account, quoting Macquarie. Morgan Stanley expects value positioning and improving outlook on conumer demand to aid the company's growth recovery.

 

For the March quarter, Titan reported a 78% on-year growth in its revenue from operations to over INR 239 billion and its net profit rose over 29% on year to over INR 11 billion. Monday, shares of the company ended 0.5% higher at INR 4,484.40 on the NSE.  (Arundathi A R)

---

Equity Alert: Trent in focus post Q1 business update; sales up 19%  YoY

 

MUMBAI--0849 IST--Shares of Zudio operator Trent are set to be in focus Tuesday after the retail company released its June quarter business update. The Tata Group company's revenue for the quarter rose 19% on year to INR 56.66 billion. The top line growth was largely similar to around 20% growth reported a year ago and a quarter ago. 

 

The company added one Westside store and 19 Zudio stores during the quarter. As of Tuesday, Trent had 1,312 stores, including 301 Westside stores, 982 Zudio stores, and 29 stores across other lifestyle concepts.

 

Trent missed the Apr-Jun revenue estimates, but new normal sales growth is closer to 20%, global brokerage Bernstein said. In order for the revenue to surpass the estimate, a sustained improvement in the urban consumption environment is required, NDTV Profit reported, citing the brokerage. Unified Payments Interface data analysis for April and May also indicates soft value growth for the fashion segment, according to Bernstein. The brokerage expects the stock to fall.

 

On Monday, shares of Trent closed marginally higher at INR 3,343.80.  (Adhithya Aji)

---

Equity Alert: Asian markets lower; Kospi falls even as Samsung profit jumps

 

MUMBAI--0739 IST--Asian markets opened lower Tuesday with South Korea's Kospi leading the decline across the region. The Kospi fell sharply despite Samsung reporting a 19-fold jump in its net profit for the second quarter. Trading was halted for five minutes after the Kospi fell 5%.

 

Japan's Nikkei fell 0.8% due to losses in technology shares. FTSE Singapore Strait Times was up marginally. Hong Kong Hang Seng futures were at 23,571, up from the index's previous close of 23,616.32. Australia's S&P/ASX 200 Index was marginally higher.

 

The yen continued to trade near its 40-year low, and fears that the Japanese central bank would intervene kept markets on tenterhooks.

 

The following are the levels of key indices in the region at 0739 IST:

 

Index	Level	Change in %
CSI 300 Index	4825.54	(-)0.34
Hang Seng Index	23715.14	0.42
KOSPI Index	7764.77	(-)3.56
Nikkei 225 Day	69186.4	(-)0.79
TOPIX FIRST SECTION	4098.39	(-)0.09
FTSE Singapore Strait Times	5300.3	0.77
S&P/ASX 200 Index	8837.5	0.07

 

(Deesha Jadhav)

---

Equity Alert: Domestic indices seen tad higher at open; Titan Co in focus

 

MUMBAI--0810 IST--Indian equity indices are expected to open slightly higher on Tuesday amid mixed global cues and a lack of domestic triggers. Analysts do not expect traders to place large bets ahead of the June-quarter earnings season beginning Thursday. However, sectoral rotation of capital would continue in the coming days, they said. While some technical analysts expect traders to book profits, given the overbought conditions, others expect traders to stay put. Even then, the index is expected to remain within a broad range.

 

Gift Nifty indicates another round of gap-up opening for the domestic indices, Vipin Kumaar, assistant vice president – Globe Capital Market, said. The Nifty 50 is seen moving gradually towards 24500-24600 points. A close above 24600 points holds the key to a sustainable rise in the index, he added. "Hence, we reiterate our buy-on-dips trading approach as long as the index remains above the 24,250 spot level on a closing basis," he said.

 

At 0730 IST, the July contract of GIFT Nifty was at 24563, down 25 points or 0.1% from its previous close. On Monday, the benchmark Nifty 50 index closed higher by 159.50 points or 0.7% at 24430.35.   

 

Shares of Titan Co. will be in focus after the company announced provisional numbers for the June quarter. The company recorded a 41% on-year growth in its consumer business revenue during the quarter. The fashion accessories company's jewellery business in India also recorded 39% on year revenue growth in Apr-Jun.

 

There is some improvement in the outlook for the Indian market on the back of inflows from foreign investors. FPIs turned net buyers in the last two sessions and have net bought Indian stocks worth around INR 16 billion since Friday. While this cannot indicate that foreign investors have turned bullish on India, it can be seen as an improvement. Domestic investors net bought shares worth INR 37.91 billion on Monday. (Gopika Balasubramanium)

---

Equity Alert: US indices end higher as technology cos rise

 

MUMBAI--0709 IST--US stocks closed higher Monday as investors returned to chip and artificial intelligence stocks after the Independence Day holiday Friday. The Dow Jones Industrial Average ended 155.84 points higher and hit an intraday record during the session.

Technology stocks rose. Western Digital gained 7% while Oracle and Teradyne gained 2.5% and 2.8% respectively. Broadcom rose almost 4?ter it agreed to extend a deal with Apple to develop and supply a range of custom chips through 2031. 

 

"Expectations are really high, and so I don't know if you're going to see as much upside in the second half (of the financial year) in these (technology) stocks as we did in the first half," said Anthony Saglimbene, Ameriprise Financial's chief market strategist, according to a CNBC report. "As long as they confirm that fundamentals are strong, then I think they could probably melt a little bit higher."

 

Microsoft fell almost 1?ter it announced it would cut 2.1% of its workforce. The S&P 500 was nearly 1% higher and the NASDAQ Composite gained more than 1%. Dell Technologies gained more than 4?ter US President Donald Trump promoted the company's computers from the White House after he rang the opening bell. 

 

The Dow Jones Industrial Average futures were marginally up while S&P 500 futures traded flat.

 

Following were the closing levels of major US indices Monday:

 

Index	Level	Change in %
Dow Jones Industrial Average	53055.91	0.29
NASDAQ Composite	26121.16	1.12
S&P 500	7537.43	0.72

 

(Deesha Jadhav)

 

US$1 = INR 95.27

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Akul Nishant Akhoury

 

All prices from National Stock Exchange, unless otherwise specified.

All percentage changes for share prices are rounded off to the nearest whole number; percentage changes for index values are rounded off to one decimal place.

All times are Indian Standard Time.

 

NSE: National Stock Exchange
NYSE: New York Stock Exchange
NYMEX: New York Mercantile Exchange
SEBI: Securities and Exchange Board of India
RBI: Reserve Bank of India

Internet links:
Securities and Exchange Board of India - http://www.sebi.gov.in
Bombay Stock Exchange - http://www.bseindia.com
National Stock Exchange of India - http://www.nseindia.com
Directory of Indian government websites - http://goidirectory.nic.in
Indian Ministry of Finance - http://www.finmin.nic.in
Reserve Bank of India - http://rbi.org.in
Controller General of Accounts, Government of India - http://www.cga.nic.in
Government's Press Information Bureau - http://www.pib.nic.in

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

 

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

 

© Informist Media Pvt. Ltd. 2026. All rights reserved.