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Informist, Thursday, Jul. 30, 2026                                      Tel +91 (22) 6985-4000

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Equity Alert: Indices rise after flat opening; IT cos major gainers

 

MUMBAI--1000 IST--Domestic equity indices traded higher after a flat opening amid higher crude oil prices and escalation in the war in West Asia. Information technology and automobile stocks gained the most in the Nifty 50 index. Upstream oil companies also gained in early trade as Brent crude oil prices rose to $89 a barrel. 

 

At 1005 IST, the Nifty 50 was at 24277.60, up 27.40 points or 0.1%. The BSE Sensex was at 77727.53, up 72.93 points or 0.1% from its previous close. India VIX, the volatility index, rose over 1% to 12.1725 points.

 

Barring the Nifty Small Cap 50, all broader market indices were lower in early trade, down 0.2–0.3%. Sectoral indices were mixed with the Nifty IT gaining the most, up nearly 2%. The Nifty Auto was up over 1%. Meanwhile, the Nifty Realty was the biggest loser, down over 1%.

 

Oil and Natural Gas Corp. was the top gainer in the Nifty 50 index, up over 2%. Information technology stocks Wipro and Infosys were also up over 2?ch. Tech Mahindra and HCL technologies were up over 1?ch. Automobile stocks Mahindra & Mahindra, Bajaj Auto, and Eicher Motors were up 0.6-1.8%.

 

Among the losers in the index, Adani Ports and Special Economic Zone was the key drag, down over 2%. Shriram Finance and Jio Financial Services were down over 1?ch.  (Arundathi A R)

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Equity Alert: Analysts positive on Adani Ports post results, acquisitions key

 

MUMBAI--0858 IST--Adani Ports and Special Economic Zone posted a healthy set of earnings for the June quarter despite the West Asia war adversely impacting its domestic ports volumes. The company retained its guidance for earnings before interest, tax, depreciation, and amortisation at INR 250 billion-INR 260 billion and it sees its revenue growing INR 430 billion-INR 450 billion for 026-27 (Apr-Mar). The company's acquisitions will be key to watch going ahead.  

 

Most of the company's capacity addition plans are focussed on brownfield expansion in the domestic ports business, Emkay Global Financial Services said. The brokerage expects the company's India ports vertical to clock in 14% compounded annual growth in revenue between FY26 and FY29. The company's strong cash conversion and comfortable leverage position allow it to pursue margin-accretive acquisitions down the line, Emkay Global said. The broking firm retained its 'buy' stance on the stock with an unchanged target price of INR 2,000. It hiked its revenue estimates for the company by 2% over FY27-28. "APSEZ's integrated transport platform should support deeper customer stickiness and more diversified earnings – all while preserving capital discipline," the brokerage said. 

 

The company's growth in the June quarter was driven by its marine business, revenue from which increased 67% on year, Nuvama Institutional Equities noted. Going forward, the company's acquisition plans will be key to monitor, it said. Nuvama estimates the Adani Ports' revenue to grow 16% at a compounded annual rate between FY26 and FY29. Its EBITDA is expected to go up 15% during the same period. The brokerage retained its 'buy' stance on the stock and with a target price of INR 2,000.

 

The company's revenue and EBITDA for the June quarter beat Nomura's estimates on a better mix. The brokerage expects the Adani group company to see its EBITDA rising 19% at a compounded annual rate over FY26-29 while maintaining its 'buy' rating with an unchanged target price of INR 2,080.

 

Adani Ports posted a consolidated net profit of INR 36.20 billion on revenues of INR 108.21 billion. The company reported its earnings for the June quarter during trading hours. On Wednesday, shares of the company fell 3% to INR 1,719.70 on the NSE.  (Ruchira Kagita)

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Equity Alert: Indices to open lower as W Asia war escalates, oil prices rise

 

MUMBAI--0855 IST--Domestic equity indices are likely to open lower Thursday amid further escalation in the US-Iran war and a consequent rise in Brent crude oil prices. The US launched attacks on Iran early Thursday as retaliation for the Islamic Revolutionary Guard Corps' attack on Jordan. At 0842 IST, the September futures contract of Brent crude oil was at $89.57 a barrel. Max Healthcare Institute, Bajaj Finance, Mahindra & Mahindra, and Tata Steel will announce their June quarter earnings Thursday.

 

At 0830 IST, the August futures contract of GIFT Nifty was at 24229, down 55 points or 0.2% from its previous close. This was 21 points down from the Nifty 50's previous close of 24250.20, indicating a lower opening for the market. "The positional chart structure remains sideways as long as the index trades within the 23800–24600 spot zone on a closing basis," Vipin Kumar, assistant vice-president at Globe Capital Market, said. "Hence, we suggest that traders maintain a stock- and sector-specific trading approach as long as the index remains sideways."

 

From the earnings perspective, shares of Max Healthcare Institute, Bajaj Finance, Mahindra & Mahindra, and Tata Steel will be in focus. Bajaj Finance is expected to post a net profit of INR 58.71 billion, up 25% on year. Its interest income is expected to be INR 126.73 billion, up 24% on year.

 

Automobile major M&M is likely to report a net profit of INR 35.96 billion for the June quarter, up over 4% on year. Its revenue from operations is expected to be INR 417.39 billion, up a little over 22% on year. Tata Steel's consolidated net profit for the June quarter is expected to be INR 24.44 billion, up 11% on year, while its revenue is seen at INR 588.02 billion.

 

Eicher Motors reported its June quarter results Wednesday post market hours. The automotive manufacturer reported a consolidated net profit of INR 14.63 billion, up 21.4% on year. Its revenue from operations rose 31.6% to INR 66.32 billion. Both the metrics beat analysts' estimates for the quarter.

 

All three major US indices settled lower Wednesday. Asian equity indices were mixed in early trade Thursday, with TAIEX gaining the most among the pack.  (Arundathi A R)

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Equity Alert: Asian mkts open mixed, Samsung Electronics earnings surprise

 

MUMBAI--0747 IST--Indices in Asia opened mixed Thursday as the market slowly recovered from the steep losses earlier this week. The recovery comes after the chip stock sell-off Wednesday wiped away more than $2 trillion from Seoul's equity market. The Brent crude October futures fell 1.4% to $82.25 a barrel Thursday. South Korea's Kospi rose more than 5% as index heavyweight Samsung Electronics rose more than 6% after it reported a 19-fold jump in its operating profit for the June quarter. This lifted sentiment in the region. 

 

Japan's Nikkei rose more than 2% and the broad market Topix rose slightly. The heavyweights Advantest and Tokyo Electron both rose more than 11% and 5%, respectively. Hong Kong's Hang Seng traded flat. Shares of Zhongji Innolight fell 5?ter the optical transceiver maker made its trading debut on the Hong Kong Stock Exchange. The company raised $6.8 billion from its issue. 

 

The US Federal Open Market Committee decided to keep the benchmark federal funds target rate unchanged at 3.50-3.75% but the voting on the decision stoked fears of a rate hike in October.

 

Mainland China's CSI 300 and Singapore's FTSE both fell marginally. Australia's SP/ASX 200 Index fell slightly. 

 

Following are the closing levels of key indices in the region at 0747 IST: 

 

Index	Level	Change in %
Nikkei 225 Day	62781.12	2.2
TOPIX FIRST SECTION	3980.18	0.2
S&P/ASX 200 Index	9007.7	(-)0.3
KOSPI Index	5967.59	5.3
Hang Seng Index	25783.15	(-)0.1
CSI 300 Index	4576.65	(-)0.5
FTSE Singapore Strait Times	5678.5	(-)0.6

 

(Deesha Jadhav)

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Equity Alert: US markets close lower; Fed keeps interest rates unchanged

 

MUMBAI--0702 IST--Major US indices closed lower Wednesday after the US Federal Reserve decided to hold interest rates steady. The fall was led by a sell-off in chip stocks. The Dow Jones Industrial Average closed more than 2% lower, and the Nasdaq Composite and the S&P 500 both closed more than 1% lower. 

 

The US Fed decided to keep the benchmark federal funds target rate unchanged in the 3.50-3.75% range. Investors had largely expected the Fed would keep interest rates unchanged. Inflation has been above the central bank's target for more than five years and up until last month it was rising as the war in West Asia pushed up global fuel and food prices, Reuters reported. 

 

"The Fed held pat, as expected. The bigger question now though becomes, how much pressure will they have to hike in September? Inflation is running hot and with surging crude oil, the market expects the next hike to indeed be in September," Reuters quoted Ryan Detrick, chief market strategist at Carson Group, as saying.

 

Shares of Meta Platforms fell 4% in extended trade after it raised its outlook for capital expenditure to between $130 billion and $145 billion for 2026 from $125 billion to $145 billion earlier, Reuters reported. After the bell, Microsoft rose marginally after the company's quarterly cloud revenue growth beat the Street's estimate. Ford Motors rose around 2?ter it raised its annual profit outlook Tuesday for the second time this year. Visa rose marginally after the company's earnings for the June quarter beat the Street's estimate. 

 

Following were the levels of major US indices in the region: 

 

Index	Level	Change in %
Dow Jones Industrial Average	51594.14	(-)2.2
NASDAQ Composite	24442.94	(-)1.7
S&P 500	7316.15	(-)1.5

 

(Deesha Jadhav)

 

US$1 = INR 95.58

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

 

Edited by Avishek Dutta

 

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.

 

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NYSE: New York Stock Exchange
NYMEX: New York Mercantile Exchange
SEBI: Securities and Exchange Board of India
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