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Informist, Thursday, Jul. 30, 2026

 

By Gopika Balasubramanium

 

MUMBAI – India's headline indices ended in positive territory on Thursday after being choppy for most part of the session. These indices yet again outperformed its Asian peers, which have been in a rout as traders unwound their bets on artificial intelligence theme globally. In India, traders bought shares of automobile and information technology stocks through out the session and sold shares of real estate firms. The Dalal Street's fear gauge, India VIX, rose a scant 1%. 

 

On Thursday, the Nifty 50 index settled at 24317.15 points, up 66.95 points or 0.3%. The 50-stock index moved in a 156-point range in the session. The index rose as high as 24342.95 points during the session, which was up 0.4% from Wednesday's close. The index was expected to face strong resistance at 24500 points during Thursday's session.

 

However, mid-cap and small-cap indices underperformed the benchmark indices as they came under immense selling pressure. These indices ended 0.3-0.7%. Small-cap stocks were hit the hardest on Thursday. The BSE Sensex closed at 77928.15 points, up 273.55 points or 0.4%. Among sectoral indices, the one gauging automobile companies, gained around 2% and was the top gainer, followed by Nifty Oil & Gas, which was up 0.5%. 

 

Mahindra & Mahindra ended around 2% higher and took the top spot of the Nifty 50 index. This was despite the company's June quarter results being moderate, even as both the top line and the bottom line came in a tad higher than the consensus estimate. The company's net profit came in at a eight-quarter low during the June quarter dragged down by sharp rise in commodity prices.

 

In a press conference after the results, M&M's management told reporters that they expect pressure from high commodity to prices on earnings to continue till December quarter. The recent price hikes by the company do not take into account inflation in steel and rubber prices or the recent uptick in aluminium prices, the management said.

 

Sona BLW Precision Forgings ended 6% higher and was the top gainer in the Nifty Auto index. Meanwhile, Exide Industries ended up 4% following its June-quarter earnings, which showed that its sales growth was at a 16-quarter high. The company said it took calibrated price hikes to offset higher input costs during the quarter under review.

 

Seperately, two-wheeler makers such as TVS Motor Co., Hero MotoCorp, and Eicher Motors ended over 2-3% higher. Brokerages were bullish on Eicher Motors after the company's June quarter results beat the Street's view on both the top line and net profit on Wednesday. They expect the company's volume growth to be robust in the coming quarters on sustained premiumisation, strong domestic demand, export growth, and capacity expansion.

 

Meanwhile, Balkrishna Industries ended around 11% higher after its net profit and revenue beat Street's view despite higher input costs. However, the company took price hikes in Apr-Jun to offset the impact. The stock was the top gainer in the Nifty 500 index. On other hand, PCBL Chemical ended down over 10?spite its revenue and net profit rising 14% and 15%, respectively. 

 

Traders placed bullish bets on Indian information technology stocks for the fifth straight session, amid enthusiasm about artificial intelligence losing momentum globally. Shares of both large-cap and mid-cap IT companies were equally in demand since last Thursday. While Indian IT companies have ramped up their involvement in AI, with acquisitions in Europe and even in the US, they are still very much away from being pure-play AI firms. This has given Indian IT a broader status of AI-defensive play in the current scenario.

 

Since last Thursday, the Nifty IT has risen 9% and has jumped 21% so far in July. Shares of Coforge, Wipro, Persistent Systems, and Tech Mahindra were up 0.6-1.9%. Others such as Mphasis and Oracle Financial Services ended 0.6-2.6% lower. 

 

* Of the Nifty 50 stocks, 25 rose, 25 fell

* Of the Sensex stocks, 15 rose, 15 fell

* On the NSE, 1,326 stocks rose, 1,975 fell, and 118 were unchanged

* On the BSE, 1,691 stocks rose, 2,528 fell, and 198 were unchanged
* Nifty IT: up 1.6%; Nifty Oil & Gas: up 0.5%; Nifty Realty: down 2.1%

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BSE                                            NSE

Sensex: 77928.15, up 273.55 points or 0.4%    Nifty 50: 24317.15, up 66.95 points, or 0.3%

 

S&P BSE Sensitive Index	Nifty 50
Lifetime High: 86159.02 (Dec. 1, 2025)	: Lifetime High: 26373.20 (Jan. 5, 2026)
Record Close High: 85836.12 (Sept. 26, 2024)	: Record Close High: 26328.55 (Jan. 2, 2026)
2026 1st day close: 85188.60 (Jan. 1)	: 2026 1st day close: 26146.55 (Jan. 1)
2026 Closing High: 85762.01 (Jan. 2)	: 2026 Closing High: 26328.55 (Jan. 2)
2026 Closing Low: 71947.55 (Mar. 30)	: 2026 Closing Low: 22331.40 (Mar. 30)
2026 High (intraday): 85883.50 (Jan. 5)	: 2026 High (intraday): 26373.20 (Jan. 5)
2026 Low (intraday): 71545.81 (Apr. 1)	: 2026 Low (intraday): 22182.55 (Apr.2)
2025 1st day close: 78507.41 (Jan. 1)	: 2025 1st day close: 23742.90 (Jan. 1)
2025 Closing High: 85720.38 (Nov. 27)	: 2025 Closing High: 26215.55 (Nov. 27)
2025 Closing Low: 72989.93 (Mar. 4)	: 2025 Closing Low: 22082.65 (Mar. 4)
2025 High (intraday): 86159.02 (Dec. 1)	: 2025 High (intraday): 26325.80 (Dec.1)
2025 Low (intraday): 71425.01 (Apr. 7)	: 2025 Low (intraday): 21743.65 (Apr. 7)
2024 1st day close: 72271.94 (Jan. 1)	: 2024 1st day close: 21741.90 (Jan. 1)
2024 Closing High: 85836.12 (Sept. 26)	: 2024 Closing High: 26216.05 (Sept. 26)
2024 Closing Low: 70370.55 (Jan. 23)	: 2024 Closing Low: 21238.80 (Jan. 23)
2024 High (intraday): 85978.25 (Sep. 27)	: 2024 High (intraday): 26277.35 (Sept. 27)
2024 Low (intraday): 70001.60 (Jan. 24)	: 2024 Low (intraday): 21137.20 (Jan. 24)
2023 1st day close: 61167.79 (Jan. 2)	: 2023 1st day close: 18197.45 (Jan. 2)
2023 Closing High: 72410.38 (Dec. 28)	: 2023 Closing High: 21778.70 (Dec. 28)
2023 Closing Low: 59288.35 (Feb. 27)	: 2023 Closing Low: 17311.80 (Oct. 17)
2023 High (intraday): 72484.34 (Dec. 28)	: 2023 High (intraday): 21801.45 (Dec. 28)
2023 Low (intraday): 58699.20 (Jan. 30)	: 2023 Low (intraday): 17098.55 (Jan. 17)
2022 1st day close: 59183.22 (Jan. 3)	: 2022 1st day close: 17625.70 (Jan. 3)
2022 Closing High: 63284.19 (Dec. 1)	: 2022 Closing High: 18812.50 (Dec. 1)
2022 Closing Low: 51360.42 (Jun. 17)	: 2022 Closing Low: 15293.50 (Jun. 17)
2022 High (intraday): 63583.07 (Dec. 1)	: 2022 High (intraday): 18887.60 (Dec. 1)
2022 Low (intraday): 50921.22 (Jun. 17)	: 2022 Low (intraday): 15183.40 (Jun. 17)
2021 Closing High: 61305.95 (Oct. 14)	: 2021 Closing High: 18338.55 (Oct. 14)
2021 Closing Low: 46285.77 (Jan. 29)	: 2021 Closing Low: 13634.60 (Jan. 29)
2021 High (intraday): 61353.25 (Oct. 14)	: 2021 High (intraday): 18350.75 (Oct. 14)
2021 Low (intraday): 46160.46 (Jan. 29)	: 2021 Low (intraday): 13596.75 (Jan. 29)
2020 Closing High: 47751.33 (Dec. 31)	: 2020 Closing High: 13981.95 (Dec. 30)
2020 Closing Low: 25981.24 (Mar. 23)	: 2020 Closing Low: 7610.25 (Mar. 23)
2020 High (intraday): 47896.97 (Dec. 31)	: 2020 High (intraday): 14024.85 (Dec. 31)
2020 Low (intraday): 25638.90 (Mar. 24)	: 2020 Low (intraday): 7511.10 (Mar. 24)
2019 High (intraday): 41809.96 (Dec. 20)	: 2019 High (intraday): 12293.90 (Dec. 20)
2019 Low (intraday): 35287.16 (Feb. 19)	: 2019 Low (intraday): 10583.65 (Jan. 29)
2018 High (intraday): 38938.91(Aug. 28))	: 2018 High(intraday): 11760.20 (Aug. 28)
2018 Low (intraday): 32483.8 (Mar. 23)	: 2018 Low (intraday): 9951.9 (Mar. 23)
2017 High (intraday): 34005.37 (Dec. 26)	: 2017 High(intraday): 10515.10 (Dec. 26)

 

End

 

US$1 = INR 95.68

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

 

Edited by Akul Nishant Akhoury

 

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