More Stories

Informist, Tuesday, Aug. 4, 2026                                      Tel +91 (22) 6985-4000

Equity Alert: Indices snap four-day rise as crude oil up; Nifty down 0.6%

MUMBAI--1600 IST--Headline equity indices paused their four-day rising streak Tuesday with the Nifty 50 closing lower as crude oil prices went higher. Only 14 constituents of the 50-stock index settled higher for the session. A 2.5% rise in Brent crude oil price to $86 a barrel hurt market sentiment.

The Nifty 50 settled at 24463.45 points after the continuous trading session at 1515 IST, down 1.3% from Monday. The BSE Sensex ended at 78324.56 points, down 0.4%. After the closing auction session, the Nifty 50 ended at 24614.90, down 159.40 points or 0.6% from Monday's close. This was 151 points higher than the 1515 IST level. At 1535 IST, the August futures contract of the Nifty 50 was at a discount of 69 points to the index's close.

"Tuesday's weekly expiry, combined with the implementation of the new mechanism for determining F&O closing prices, has led to a distortion in market trends," Vinod Nair, research head at Geojit Investments, said in a note. "The significant gap between the 3:30 p.m. and 3:40 p.m. closing prices of Nifty stocks and the index, along with the divergence with Sensex, suggests that the new system is not functioning as intended, resulting in heightened price volatility. This has triggered forced square-offs of positions, particularly among retail investors, ahead of the 15 minutes blind derivatives window closing session."

Analysts said a few more sessions would have to be monitored to get a clearer picture of the new closing auction mechanism for the equity cash segment. They said market participants will wait for a week or two to see how closing prices are adjusted during the closing auction and whether the same range of liquidity at Monday's close will pan out on a consistent basis.

There was high volatility in the market due to the expiry of the weekly derivatives contract of Nifty 50. India VIX, the fear index of the equity market, rose over 2% to 12.1850 points. Barring the Nifty Smallcap 100 and Nifty Smallcap 250, all the broader market indices were down 0.1–0.5%.

Only Nifty Media and Nifty Metal gained among sectoral indices during the trade. The Nifty Realty ended with the most losses, down over 2%. Indices tracking oil and gas and infrastructure stocks ended around 1% lower each.

Grasim Industries ended as the top laggard on the Nifty 50, down almost 4%. The stock was down for the fourth straight session. HDFC Life Insurance Co. ended over 3% lower while Bajaj Auto, Max Healthcare, and Reliance Industries fell over 2% each. On the other hand, Apollo Hospitals Enterprise ended as the top gainer in the index, up nearly 3%. Hindalco Industries was the second-biggest gainer, up 2.5%.

Among the Nifty 200 losers, UPL shed the most, down over 6%. Prestige Estates Projects and Oberoi Realty ended over 4% lower each. KEI Industries, up nearly 10%, topped the Nifty 200 gainers. CG Power and Industrial Solutions gained nearly 7%. 

In the Nifty 500 index, Life Insurance Corp. of India shed nearly 9% and Jain Resource Recycling fell nearly 8%. Ather Energy ended with most gains in the index, up almost 14%.  (Arundathi A R)

Equity Alert: Markets in Europe open higher, boosted by gains in tech stocks

MUMBAI--1555 IST--Markets in Europe opened higher as gains in technology stocks and fresh corporate earnings drew investors' attention away from the developments in the war in West Asia. The pan-European Stoxx Europe 600 rose 0.5%. The Stoxx Europe Technology rose over 1%. Major constituents on the technology index such as ASML Holdings, SAP, and Prosus rose 1-2% each. The Stoxx Europe Travel and Leisure rose nearly 1%. 

Other technology movers included BE Semiconductor, which rose over 5%. Soitec rose more than 4% and Aixtron around 1%. Shares of Lufthansa fell over 10% as the German airline Tuesday reported a 56% drop in core profits for the June quarter, CNBC reported. The company reported an operating profit of 383 million euros (INR 41.75 billion) for the June quarter. It reported an 8% increase in its revenues to 11.1 billion euros (INR 1.21 trillion) for the quarter.

Shares of Zalando fell nearly 17% after the retailer narrowed its growth forecast for 2026 and its adjusted operating profit outlook, Reuters reported. Pharmaceutical company Bayer rose around 3% after it reported a 1.9% increase in its operating profit for the June quarter, Reuters reported. 

Shares of Hugo Boss fell slightly after the German fashion group reported higher-than-expected operating profit in the June quarter, Reuters reported. The company's earnings before interest and taxes fell to 59 million euros (INR 6.43 billion) from 81 million euros (INR 8.83 billion) a year ago but still beat the estimates. The company's currency-adjusted sales fell 9% to 905 million euros (INR 98.6 billion), short of estimates due to subdued consumer demand during the quarter, according to the report.

Following were the levels of key indices in the region at 1420 IST:

(Deesha Jadhav)

Equity Alert: Nifty 50 Aug ends at discount of 62.60 points to spot index

MUMBAI--1554 IST--The August futures contract of the Nifty 50 closed at a discount of 62.60 points to the spot index Tuesday. Open interest in the contract rose 8.8% from Monday to around 12.94 million, according to provisional data.

--Nifty 50 closed at 24614.90 points, down 159.40 points or 0.6% vs Monday

--Nifty 50 August closed at 24552.30 points, down 97.10 points or 0.4% vs Monday

Nifty 50 options, expiring Aug. 11, with maximum change in open interest:

Call: 25600, Put: 23500

Nifty 50 options, expiring Aug. 11, with maximum open interest:

Call: 24600, Put: 24000

(Eshitva Prakash)

Equity Alert: Asian indices close higher, boosted by tech stocks

MUMBAI--1355 IST--Barring Hong Kong's Hang Seng, most Asian indices closed higher Tuesday boosted by gains in technology stocks in the region. South Korea's Kospi closed 1.6% higher and Japan's Nikkei 225 closed marginally higher. The Japanese benchmark was boosted by Yamaha Motor and Furukawa Electric, which both closed over 13% and 11% higher, respectively. The broad market Topix traded flat. Mainland China's CSI 300 closed over 1% higher. Singapore's FTSE was flat during the last hour of trade. 

Major movers in South Korea such as Samsung Electronics closed slightly higher while SK Hynix closed around 1% higher. Japan's Advantest closed over 1% lower while Tokyo Electron closed over 3% higher. Disco Corp. closed marginally up. Hong Kong's Hang Seng was the only index in the region which closed in the negative. The index heavyweight HSBC Holdings fell around 2%. 

On the macroeconomic front, Japan's agricultural, forestry and fishery products exports rose 11%, a record high, in the first half of 2026, Reuters reported. The growth was driven by strong demand for beef, apples, rice, green tea, mixed ‌sauce, and yellow tail, according to the report. The exports were 897.7 billion yen (INR 54 trillion) for the first half of 2026. This is up from 809.7 billion yen (INR 48 trillion) a year ago, according to the reports. 

Following are the levels of key indices in the region at 1335 IST: 

(Deesha Jadhav)

Equity Alert: Nifty 50 down over 1%, only six stocks in green; Grasim dn 4%

MUMBAI--1345 IST--Benchmark equity indices fell further, with the Nifty 50 index logging a loss of over 1%. The number of 50-stock constituents trading higher shrunk to six from the earlier count of 10.

At 1306 IST, the Nifty 50 was at 24492.05, down 282.25 points or 1.1%. The BSE Sensex was at 78383.90, down 255.13 points or 0.3%. Volatility in the market rose further, with India VIX rising over 3% to 12.3400 points. In the broader market, all small-cap indices were up 0.1–0.5%, while mid-cap indices were declining 0.4-0.8%.

Barring Nifty Media and Nifty Metal, all sectoral indices were lower. The Nifty Private Bank was the worst performer among them, down 1.5%. Realty, banking, information technology, financial services, and oil & gas indices were also down over 1% each.

Analysts opined that a few more sessions should be monitored, in order to get a clearer picture of the newly implemented closing auction mechanism for the equity cash segment. They said market participants will wait for one or two weeks to see how closing prices are adjusted during the closing auction and whether the same range of liquidity at Monday's close will pan out on a consistent basis. After the closing auction, the Nifty 50 Monday ended at 24774.30 points, up 1.6% from Friday. The closing level of the index was up sharply from 24573.35 points at 1515 IST when the continuous trading in F&O stocks stopped.

"The correction in the market is more of an adjustment to align with the future prices," Ruchit Jain, head of research at Motilal Oswal, said.

Grasim Industries fell further and remained the top drag on the index, down almost 4%. HDFC Life Insurance Co. also logged losses of nearly 4%. Hindustan Unilever was down nearly 3% in the index.

Trent, Hindalco Industries, Jio Financial Services, Apollo Hospitals Enterprise, Eternal, and ITC were the gaining stocks in the index, which were largely flat to up 1.1%.  (Arundathi A R)

Equity Alert: KEI Ind hits 1-month high, Q1 PAT jumps 40% YoY

MUMBAI--1315 IST--Shares of KEI Industries rose nearly 8% to hit their highest level in over a month at INR 5,414 per share after the company detailed its June quarter earnings post market hours Monday. The cable manufacturer's net profit surged 40% on year to INR 2.74 billion and surpassed the Street's view of INR 2.47 billion. Its revenues rose 23% on year to INR 31.85 billion, but underperformed the Street's view of INR 32.22 billion.

In the June quarter, the company's cable and wire exports were impacted due to the West Asia war, the company's management said in a post-earnings call with analysts. However, management guided a sales growth of over 25% for financial year 2026-27 (Apr-Mar).

Nuvama Institutional Equities cites the company among its preferred picks within its electricals and durables universe. The brokerage noted the company's record operating margin of 13.6% in the cable and wiring segment against 10.8% in the year-ago quarter, and maintained its "buy" recommendation on the stock.

At 1308 IST, shares of the company were up over 7% at INR 5,379.50 on the National Stock Exchange. Over 2.6 million shares of the company traded hands on the exchange so far, over 13 times the number of shares traded until the same time Monday. All eight brokerage reports available on the stock with Informist have a "buy" or equivalent recommendation on the stock with an average target price of INR 5,415 per share, up nearly 1% from the current market price.  (Shruti Nair)

Equity Alert: Nifty 50 slips below 24600 pts, Sensex turns flat

MUMBAI--1120 IST--The Nifty 50 index declined further and slipped below 24600 points with only 10 of its constituents trading in the green. Meanwhile, the BSE Sensex turned largely flat. 

At 1047 IST, the Nifty 50 was at 24579.90 points, down 194.40 points, or 0.8%. The Sensex was at 78654.15 points, nearly unchanged from its previous close. India VIX remained marginally higher at 11.9600 points. In the broader market, small-cap indices were gaining 0.3–0.7%, while mid-cap indices were down marginally.

Sectoral indices were mixed, with most of them declining. The Nifty IT became the worst performer among them, down over 1%. Sectoral indices with banks and realty companies as their constituents were down around 1% each.

Grasim Industries remained the key drag on the 50-stock index, down over 3%. Bajaj Auto, Titan Co., and HDFC Life Insurance Co. were down over 2% each. Meanwhile, Trent turned out to be the biggest gainer in the index, up over 1%. Hindalco Industries gained almost 1%, while Tata Steel was up marginally.

UPL and Federal Bank were the key losers in the Nifty 200 index, down over 5% each. Shares of Life Insurance Corp. of India and Jain Resource Recycling were down around 7% each among the Nifty 500 losers. 

In the Nifty 200 index, KEI Industries was the top performer. The stock was up nearly 7% after the company's net profit for the June quarter rose 40% on year and surpassed analysts' expectations. Shares of CG Power and Industrial Solutions and Steel Authority of India were up 4-5% among the Nifty 200 gainers.

Ather Energy rose 14% to hit a record high of INR 1,500. The stock was the highest gainer in the Nifty 500 index after the company's revenues for the June quarter nearly doubled on year. It also reported an earnings before interest, taxes, depreciation, and amortisation margin of 1% against a negative 16% in the year-ago period.  (Arundathi A R)

Equity Alert: ONGC up 1%, Bharti Airtel down over 1% ahead of Q1 earnings

MUMBAI--1117 IST--Shares of Oil and Natural Gas Corp. rose nearly 1% to an intraday high at INR 243.20 per share, while Bharti Airtel shed over 1% and hit its intraday low at INR 1,948.60 per share. Both the Nifty 50 companies are set to release their June quarter earnings later in the day. 

Bharti Airtel's consolidated net profit for the June quarter is expected to rise 17% sequentially to INR 85.51 billion, according to the average of estimates from nine brokerages. However, discounting exceptional items in the March quarter, the bottom line is seen falling 18%. On year, the bottom line is seen growing 44%. The bottom line growth is likely to be driven by a marginal growth in average revenue per user from subscriber migration to higher-generation network and one extra day in the quarter. The company's consolidated revenues for the June quarter are expected at INR 572.89 billion, up a modest 3.4% sequentially but 16% higher on year, according to estimates. The growth in revenue is likely to be on the back of new subscriber additions.

At 1109 IST, shares of Bharti Airtel were at INR 1,952.80, down nearly 1% on the NSE. Over 1.8 million shares of the company have changed hands so far on the exchange slightly higher than the near 1.2 million shares traded until the same time Monday.

ONGC is expected to post its June quarter results after market hours. In the March quarter, the upstream oil player reported a net profit of INR 66.50 billion on revenues of INR 359.28 billion. At 1109 IST, shares of the oil explorer were at INR 242.53, up marginally on the NSE. Over 3.3 million shares of the company have changed hands so far on the exchange, higher than the 2.8 million shares traded until the same time Monday.  (Shruti Nair)

Equity Alert: MCX up over 1% ahead of June quarter earnings

MUMBAI--1100 IST--Shares of Multi Commodity Exchange of India traded at INR 2,674.60 at 1052 IST, up over 1%, ahead of the June quarter earnings. HDFC Securities expects the company's consolidated net profit at INR 4.2 billion, up 90% on year, while Motilal Oswal Financial Services projects the profit at INR 4.3 billion, up 95% on year. The company had reported a net profit of INR 2.2 billion in the year-ago quarter. 

HDFC Securities expects the commodity derivatives exchange to report net sales of INR 7 billion and Motilal Oswal expects the net sales at INR 7.1 billion against INR 3.3 billion in the year-ago quarter.

The company's earnings will be affected by a drop in options and futures volume, drop in gold and silver volume, and higher crude oil volume, HDFC Securities said. Despite sequentially lower revenue, the company's earnings before interest, tax, depreciation, and amortisation margin is expected to be largely stable, Motilal Oswal said.

Of the six brokerage reports on the company available with Informist, three have a "buy" recommendation on the stock, while the other three brokerages have a "hold" recommendation.  (Vidhi Thacker)

Equity Alert: Kalyan Jewellers shares down 2% ahead of June quarter earnings

MUMBAI--1050 IST--Shares of Kalyan Jewellers India were trading around 2% lower at INR 598 apiece ahead of the company's June quarter earnings, due later in the day. JM Financial Institutional Securities Pvt. Ltd. expects the company to report a consolidated net profit of INR 3.80 billion, while Motilal Oswal Financial Services Ltd. expects a net profit of INR 3.99 billion for the June quarter.

The company's consolidated net sales are expected to rise sharply on year but remain flat sequentially. JM Financial expects net sales to rise 37% on year to INR 99.82 billion and Motilal Oswal estimates a 45% on-year rise in net sales to INR 105.66 billion. Kalyan Jewellers had reported a net profit of INR 2.64 billion on revenues of INR 72.68 billion in the year-ago quarter.

The company is expected to report a 50% on-year growth in revenue from the Indian business, driven by 35% same-store sales growth, Motilal Oswal said. The company's revenue from West Asia is expected to grow 15% on year. West Asia contributes around 11% to Kalyan Jeweller's consolidated revenue, the brokerage said.

For the Jewellery industry, sales were temporarily impacted in April due to the war in West Asia, elevated gold prices, and customs duty increased to 15%. However, demand witnessed a healthy recovery in May and June as gold prices moderated, Motilal Oswal said. In the June quarter, average gold prices rose 59% on year and remained broadly flat on quarter.

JM Financial expects the company to report earnings before interest, tax, depreciation, and amortisation of INR 6.57 billion and Motilal Oswal estimates an EBITDA of INR 7.08 billion. The company's EBITDA was INR 5.08 billion in the year-ago quarter.

Motilal Oswal expects the company's EBITDA margin to contract 40 basis points on year to 6.7% for the June quarter. Kalyan is expected to add 27 stores in the reporting quarter, bringing the total count to 534, the brokerage said.

All the three brokerage reports on the company available with Informist have a "buy" recommendation on the stock with an average target price of INR 637 per share. The target price implies an upside of 5% from the closing price Monday. The stock had closed at INR 608.  (Devanshu Singla)

Equity Alert: Zydus Wellness shares tad up ahead of June quarter earnings

MUMBAI--1045 IST--Shares of Zydus Wellness traded slightly higher at INR 560.65 apiece, at 1048 IST, ahead of its June quarter earnings due later in the day. The company is expected to report a decline in its net profit for the June quarter on a yearly as well as sequential basis.

Phillip Capital (India) Pvt. Ltd. expects the company to report a consolidated net profit of INR 1.10 billion, while Anand Rathi Share and Stock Brokers Ltd. expects a net profit of INR 1.14 billion for the June quarter.

The company's consolidated net sales are expected to rise sharply on year but fall sequentially. PhillipCapital expects net sales to increase 60% on year to INR 13.75 billion and Anand Rathi estimates a 66% on year rise in net sales to INR 14.26 billion. Zydus Wellness had reported a net profit of INR 1.28 billion on revenues of INR 8.61 billion for the year-ago quarter.

The company's revenue growth will be driven by the food and nutrition business on account of double-digit growth in Nutralite, PhillipCapital said. A healthy recovery in the Complan brand, and personal care segment, led by skin care and the addition of the hair business, is also expected to support the growth, the brokerage added.

The company's subsidiaries Comfort Click Ltd. and Naturell (India) Pvt. Ltd. are also expected to continue their growth momentum, PhillipCapital said. The unusual rainfall in April is likely to hurt the sales growth of the company despite an extended summer, the brokerage said.

PhillipCapital expects the company to report earnings before interest, tax, depreciation, and amortisation of INR 2.14 billion. The brokerage expects the company's gross margin to expand sharply by 950 basis points on year to 64.5% due to the addition of high gross margin business of Comfort Click. The EBITDA margin is likely to expand by 250 basis points on year to 15.6% due to higher advertising and promotional expenses in the seasonal portfolio, the brokerage said.

All the four brokerage reports on the company available with Informist have a "buy" recommendation on the stock with an average target price of INR 549 per share.  (Devanshu Singla)

Equity Alert: Ather Energy hits record high after Q1 sales double YoY

MUMBAI--1011 IST--Shares of Ather Energy rose 17% to hit their record high at INR 1,500 after the company detailed its June quarter earnings on Monday. For Apr-Jun, the automobile player sharply narrowed its net loss to INR 508.7 million against INR 1.78 billion reported in the year-ago figure. The electric vehicle maker's revenues for the June quarter nearly doubled on year to INR 12.17 billion. The company also reported an earnings before interest, taxes, depreciation, and amortisation margin of 1% against a negative 16% margin in the year-ago period.

Nirmabl Bang Institutional Equities is optimistic on the stock encouraged by the company's increase in market share to 16.8%, positive June quarter EBITDA beating expectations, strong demand support for its EL platform, and capacity ramp-up at Aurangabad Industrial City. The brokerage sees the company's revenues growing at a compounded annual growth rate of 50% over 2025-26 (Apr-Jun) to FY28, driven by rising electric vehicle penetration, electric scooter Rizta's continued ramp-up, and EL platform commercialisation which would address around 40–50% of the scooter market. The brokerage maintains a "buy" recommendation on the stock with an unchanged target price of INR 1,538 per share.

Nomura Research cites the stock as its top pick in the two-wheeler EV segment and believes the company's domestic EV penetration is at an inflection point. The brokerage estimates the current demand is much higher than the supply and expects the company's upcoming EL platform to double the total addressable market and also lower costs meaningfully. The brokerage does not foresee margin risks going forward and expects the EBITDA to break even in FY28 driven by improving scale and operating leverage. "A potential entry into motorcycles offers further long-term optionality," Nomura said in its brokerage report. The brokerage raised its target price on the stock to INR 1,714 and maintained its "buy" recommendation.

Emkay Global also maintained its "buy" recommendation on the stock. The brokerage raised its target price by 19% to INR 1,600, factoring in Ather's established brand and product, robust gross margins, and share-gain potential on EL platform scale-up. At 1011 IST, shares of the company traded at INR 1,441.60 on the National Stock Exchange. The stock was the top gainer in the Nifty 500 index. Over 12 million shares of the company changed hands on the exchange so far. This is 19 times the number of shares traded until the same time Monday.  (Shruti Nair)

Equity Alert: Nifty 50 opens tad dn post 4-day gain; IT, FMCG cos major drag

MUMBAI--0945 IST--The Nifty 50 index opened a tad lower Tuesday, snapping the four-day gains. The index gave up its gains from the previous sessions following a slight rise in crude oil prices to $85 a barrel amid ongoing negotiations between the US and Iran. The BSE Sensex, however, managed to open higher for the session with marginal gains.

At 0918 IST, the Nifty 50 was at 24610.40, down 163.90 points or 0.7%. The BSE Sensex was at 78781.17, up 142.14 points or 0.2%. The volatility index, India VIX, rose marginally to 11.9400 points. Barring the Nifty Smallcap 100 and Nifty Smallcap 250, all broader market indices were down 0.1–0.5%.

"From a technical perspective, the market structure continues to remain positive as long as the Nifty holds above the 24500 support zone," said Rajesh Palviya, head of research at Axis Direct, said in a note. "Immediate resistance is placed near 24900, and a decisive close above this level could pave the way towards 25150."

Monday, the August futures of Nifty 50 closed at a discount of 109.40 points to that of the spot index, following the new closing auction mechanism for the equity cash segment. When the continuous trading ended the previous day, the 50-stock index had ended at 24573.35 points, up 0.8% from Friday. Post the closing auction session, the index ended at 24774.30 points, up 390.70 points or 1.6%.

Under the new rules, the continuous trading session ends at 1515 IST for these selected stocks, and the closing auction session runs between 1528 IST and 1530 IST. The price band during the closing auction session is capped at 3% above or below the stock's reference price.

Most sectoral indices were down in early trade, with only Nifty Metal and Nifty Energy gaining among them. The Nifty Realty was the worst hit sectoral index, down 1.5%. Indices tracking information technology and fast-moving consumer goods stocks were down almost 1% each.

Only nine Nifty 50 constituents were higher in early trade. Grasim Industries was the top drag on the index, down over 3%. Bajaj Auto and Titan Co. shed over 2% each in the index.

FMCG stocks Tata Consumer Products and Hindustan Unilever were down 1.5% each. IT stocks Infosys, Tata Consultancy Services, and HCL Technologies were down 0.7–1.5%. Banking and financial services stocks were also down with Axis Bank, SBI Life Insurance Corp., and HDFC Life Insurance losing over 1% each.

On other hand, metal stocks gained the most, with Hindalco Industries being the top performer. The stock was up over 1% and extended its gains for a fifth straight session. Tata Steel was up 0.5%, while Adani Enterprises gained 0.4%.  (Arundathi A R)

Equity Alert: Asian indices open mixed, yen slips against dollar

MUMBAI--0835 IST--Asian indices opened mixed amid signs of de-escalation in the US-Iran war. Mainland China's CSI 300 and Singapore's FTSE rose marginally, while South Korea's Kospi and Japan's Nikkei 225 fell marginally. The broader Japanese index Topix was also slightly down.

Meanwhile, Japan's yen slipped 0.2% to 157.39 per dollar early Tuesday after appreciating in the previous sessions. This comes after the Japan intervened in the currency market, with finance ministry conducting a co-ordinated yen-buying session with the US treasury on Friday. 

Major movers in South Korea such as Samsung Electronics and SK Hynix fell around 2% each. Japan's Advantest fell more than 3% and Disco Corp. fell slightly. Others such as SoftBank Group and Toyota Motors fell more than 3% and 1%, respectively.

On the macroeconomic front, South Korea's July Consumer Price Index stood at 119.77, according to the Ministry of Data and Statistics of South Korea. The CPI rose 2.8% in July against 3.2% in June. South Korea's consumer inflation has softened to a three-month low. 

Meanwhile, Goldman Sachs' chief China equity strategist Kinger Lau is increasingly constructive on Hong Kong-listed internet and software companies, arguing that their earnings outlook was improving, CNBC reported.

"We still like the AI trade fundamentally, particularly hardware proxies. But at the same time, we think that the risk reward for some of the soft tech or application-oriented names, particularly those listed in Hong Kong, the investment case is just getting a little bit better," Lau told CNBC's China Connection.

Following are the levels of key indices in the region at 0802 IST:

(Deesha Jadhav)

Equity Alert: To open dn on rise in oil; closing auction mechanism in focus

MUMBAI--0825 IST--Domestic equity indices are expected to open lower Tuesday, as suggested by movement in the August futures contract of GIFT Nifty following a slight rise in the crude oil prices from Monday's levels. Indices are likely to open lower, after rising 1–2% Monday, amid ongoing negotiations between the US and Iran. Market participants will Tuesday shift their focus on how the new closing auction mechanism functions for the equity cash segment.

Stock exchanges Monday implemented the new closing auction mechanism for the equity cash segment, applicable to stocks in which futures and options trading is permitted. However, a divergence occurred between the closing levels of the Nifty 50 and the Sensex on Monday after the prices were determined under the new closing auction mechanism. Monday, when the continuous trading ended, the 50-stock index had ended at 24573.35 points, up 0.8% from Friday. Post the closing auction session, the index ended at 24774.30 points, up 390.70 points or 1.6%.

According to a press release by the National Stock Exchange released Monday, on the first day of CAS implementation itself, 515 trading members participated, and they placed orders for 56,773 unique Permanent Account Numbers. "It was more than today's pre-open call auction session where 403 trading members participated who placed orders for 42,822 unique PANs," according to the release. The exchange said the participation levels were very good, given the first day, and it is expected to mature and increase with time.

The NSE also mentioned the index graph on the exchange during the CAS session needs to be properly interpreted, as there is no sudden change in the index at 1530 IST but the order collection, cancellation, and matching follows a process. As there is no continuous order matching between 1515 IST and 1530 IST, the index value is constant as it is based on traded values. "However, the indicative values are displayed just besides that get quote on the Exchange website, based on the indicative values derived from the equilibrium prices calculated continuously during 1515 IST and 1530 IST," according to the release.

At 0825 IST, the August futures contract of GIFT Nifty was marginally higher from its previous close at 24649.50. This was over 120 points lower than the Nifty 50's previous close of 24774.30. "Gift Nifty is indicating towards a flat opening for the domestic markets," Vipin Kumar, assistant vice president of research at Globe Capital Market, said. "Going ahead, sustenance above 24600 hold the key for a sustainable move to 24800 and higher levels in the near term. Conversely, fall below 24400 spot will confirm the further consolidation in the benchmark index."

On the earnings perspective, Bharti Airtel and Oil and Natural Gas Corp. will be tracked as the companies will detail their June quarter earnings later in the day. Bharti Airtel is expected to post consolidated net profit at INR 85.51 billion, up 44% on year. Its revenues are expected to grow nearly 16% on year to INR 572.89 billion.

All three major US indices settled higher Monday with significant gains. The NASDAQ Composite closed over 2% higher, while the Dow Jones Industrial Average and S&P 500 closed above 1% higher each. Asian equity indices were mixed in early trade, with the S&P/ ASX 200 Index up 1%.  (Arundathi A R)

Equity Alert: US mkts cheer W Asia war de-escalation, Dow Jones hits new high

MUMBAI--0701 IST--Major US indices closed higher Monday as signs of de-escalation in the West Asia war lifted sentiment. Positive expectations for corporate earnings due this week also supported market sentiment. Barring the shares of Apple, all the other magnificent seven stocks posted gains. Amazon breached the $3 trillion level in market capitalisation and shares of the company closed around 5% higher. The Dow Jones Industrial Average hit a fresh high Monday, and it closed above the 53000 mark for the first time in 19 trading sessions. The Nasdaq Composite and the S&P 500 closed 2% and 1% higher, respectively. 

Among the 11 major sectoral indices, the S&P 500 Communication Services was the best performer, which closed over 4% higher. Gains in major movers such as Meta Platforms and Alphabet boosted the index; both closed more than 6% and 4% higher, respectively. Of the S&P 500 companies, 304 companies reported their earnings and showed a 29.3% growth, according to a Reuters report.  

Ahead of earnings for the quarter ended June, SpaceX ended 5% up and those of Caterpillar around 2%, while those of McDonald's closed 2% lower. Shares of Bristol Myers Squibb closed slightly higher after a report suggested that the company is in talks for a merger with UK drugmaker AstraZeneca. The deal could value the companies together at around $400 billion.

Following were the closing levels of major US indices Monday:

(Deesha Jadhav)

US$1 = INR 95.37

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

Edited by Shubhayan Bhattacharya

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.