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Informist, Monday, Jul. 27, 2026

By Arundathi A R

MUMBAI – Domestic equity indices are expected to start the week on a positive note as Brent crude oil prices eased to a low of $89 a barrel following reports of the US pausing attacks on Iran. Benchmark indices are likely to open higher Monday, snapping a five-day losing run. While tracking the movement in oil prices, traders are also expected to focus on the June quarter earnings of Bharat Electronics and Coal India, scheduled later in the day.

US ambassador to the United Nations, Mike Waltz, said US President Donald Trump had paused attacks on Iran for the second straight night to give diplomacy more time. The president was "giving talks some space, he's giving it a little bit of room," the BBC reported, citing Waltz as speaking to Fox News Sunday. According to a spokesperson from the Iranian army, Tehran had halted retaliatory attacks in the region in response to this.

Responding to the news, the September futures contract of Brent crude oil slipped to a low of $89.58 a barrel from $101 per barrel Friday, the highest levels in nine weeks. The levels are over 22% higher than pre-war levels. "Oil prices have seen some correction, so it could support broader markets," Ruchit Jain, head of technical research at Motilal Oswal, said. 

At 0737 IST, the July futures contract of GIFT Nifty was nearly 1% higher than Friday's close at 23942. This was almost 175 points higher than the Nifty 50's previous close of 23767.45, indicating a higher opening for the market Monday. "The market is expected to see a range-bound trade today," Jain of Motilal Oswal said. He sees the Nifty 50 finding support at 23600 points and facing resistance at 23850 points.

Finance Minister Nirmala Sitharaman Sunday said India's inflation outlook is not just clouded by price pressures due to external uncertainties, but also by El Nino-led challenges. Because of irregular and uneven rainfall, water for irrigation and drinking is seen as a challenge, Sitharaman said at NDTV Profit's Business Leadership Awards event.

Shares of Bharat Electronics and Coal Indian will be in focus during the session, as these companies will detail their June quarter earnings later in the day. Bharat Electronics is likely to report a net profit of INR 10.36 billion, up 7% on year, according to analysts. Its top line for the quarter is expected to be INR 50.36 billion, up 14% on year and down 51% on quarter. A sustained slow pace of order execution is expected to result in moderate revenue growth for the company in the June quarter.

Coal India is expected to report its consolidated net profit at INR 85 billion, down 3% on year and over 21% from the trailing quarter. Its revenue from operations is expected at INR 431 billion, up over 20% on year, but down over 7% from the March quarter. The rise in demand and sales of domestic coal to generate electricity, and a year-on-year rise in premium earned through e-auction prices are expected to support the company's revenue growth.

Shares of Tata Consumer Products and NTPC will also be in focus, as they announced their June quarter results post market hours on Friday. Tata Consumer reported a net profit of INR 4.27 billion, up 28% on year, while its revenue from operations was reported at around INR 54 billion, up nearly 12% on year. NTPC reported a jump in net profit for the June quarter, helped by lower expenses and a marginl rise in revenue. The company reported a near 12% year-on-year rise in its net profit at INR 53.42 billion.

Market participants will also keep track on foreign investment flows. On Friday, foreign investors net sold shares worth INR 38.93 billion, while domestic investors net bought shares worth INR 54.54 billion.

Major US indices closed mixed on Friday, as investors weighed the massive spending by artificial intelligence companies. The Nasdaq Composite ended 0.6% lower, while the Dow Jones Industrial Average and S&P 500 indices closed marginally higher each. Asian equity indices were also mixed in early trade, with South Korea's KOSPI and Singapore's FTSE Singapore Strait being the only losersin the pack.  End

US$1 = INR 96.56

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

Edited by Avishek Dutta

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