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Informist, Friday, Aug. 7, 2026                                      Tel +91 (22) 6985-4000

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Equity Alert: Indices stay lower; Nifty 50 at one-week low

 

MUMBAI--1330 IST--Headline equity indices were largely unchanged with the Nifty 50 index falling to a one-week low of 24529.20. The 50-stock index sustained its earlier losses despite a further fall in the index heavyweight ICICI Bank. Financial services stocks remained the biggest losers in the Nifty 50 index, while information technology stocks were the major gainers.

 

At 1331 IST, the Nifty 50 was at 24557.60, down 78.40 points or 0.3%. The BSE Sensex was at 78503.83, down 450.93 points or 0.6%. The volatility in the market remained higher, with India VIX rising over 2% to 12.4175 points. Broader market indices stayed firm on their earlier levels, with small-cap indices being marginally down and mid-cap indices up marginally.

 

In the pack of sectoral indices, the Nifty Auto emerged as the top gainer, up over 1%. The Nifty IT was the second-most gainer, which was also up over 1%. The Nifty Financial Services index remained the lowest hit index among them, down over 1%.

 

Bajaj Finance and Bajaj Finserv fell further in the Nifty 50, down over 5% and over 4%, respectively. Shares of Shriram Finance declined over 2%. ICICI Bank was down nearly 2%. Other banking and financial services stocks, Jio Financial Services, Kotak Mahindra Bank, and Axis Bank, were down around 1?ch.

 

Blue Star fell nearly 4% in the Nifty 200 index. The company said its order inflow was sluggish in factories, infrastructure, and commercial segments in the June quarter. It also expects input costs inflation in the September quarter similar to the June quarter. Blue Star said it could not scale up export sales to the US amid tariff uncertainty. Firstsource Solutions declined over 5% in the Nifty 500 index.  (Arundathi A R)

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Equity Alert: Hindalco, SBI up ahead of Q1 earnings; Titan slightly down

 

MUMBAI--1225 IST--Shares of Hindalco Industries and State Bank of India were marginally up ahead of their June quarter results announcement, scheduled later in the day. Meanwhile, shares of Titan Co. were marginally down ahead of its results announcement, which is also scheduled for later in the day.

 

Hindalco Industries is expected to report a consolidated net profit of INR 58.17 billion for the June quarter. Its consolidated revenue from operations for the quarter is expected to be INR 889.70 billion. At 1241 IST, its shares were 0.4% higher at INR 1,032.80 on the National Stock Exchange. So far in the day, almost 2 million shares of the company have changed hands on the exchange, lower than over 3 million shares traded till the same time Thursday.

 

State Bank of India is likely to report net interest income of INR 455.91 billion, up around 11% on year and 2.7% sequentially. The bank's net profit is expected at INR 194.31 billion, an on-year increase of 1.4%, but a 1.3% sequential decline due to higher credit costs and softer non-interest income. At 1241 IST, its shares were a tad higher at INR 1,086.90 on the NSE. So far in the day, over 7 million shares of the company have changed hands on the exchange, higher than over 3 million shares traded till the same time Thursday.

 

Titan Co. is expected to report a jump of over 25% on year in its net profit for the June quarter to nearly INR 13 billion while revenue is expected to rise nearly 38% on year to nearly INR 201 billion. At 1241 IST, its shares were marginally lower at INR 4,977.90 on the NSE. So far in the day, over 500,000 shares of the company have changed hands on the exchange, lower than over 578,000 shares traded till the same time Thursday.  (Arundathi A R)

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Equity Alert: Indices extend losses; IT cos off highs, ICICI Bk down over 1%

 

MUMBAI--1125 IST--Domestic benchmark indices declined further as index heavyweight ICICI Bank extended losses and peer HDFC Bank slipped into the red. Information technology stocks also came off their highs, weighing on the Nifty 50 index. More than half of the Nifty 50 constituents were trading lower.

 

At 1107 IST, the Nifty 50 was at 24565.60, down 70.40 points or 0.3%. The BSE Sensex was at 78520.99, down 433.77 points or 0.6%. Earlier, indices were down 0.1-0.3%. India VIX, the fear gauge of the equity market, was nearly 3% higher at 12.4925 points.

 

The broader market remained mixed. All small-cap indices traded marginally lower, while mid-cap indices traded marginally higher. The Nifty Financial Services index was the worst-performing sectoral index, down nearly 1%. Meanwhile, the Nifty IT eased from its highs but remained up more than 1%.

 

Bajaj Finance remained the biggest drag on the Nifty 50, down over 4%. Bajaj Finserv fell nearly 4%, while Trent declined 2.5%. Bajaj Finance and Bajaj Finserv were also the top losers in the Nifty 200 index. In the Nifty 500 index, Crompton Greaves Consumer Electricals was the biggest loser, falling over 6%. The stock declined after the company's consolidated net profit and sales for the June quarter missed the Street's expectations.

 

EIH was the second-biggest loser in the Nifty 500 index, down almost 5%. Shares of the company fell despite its consolidated net profit for the quarter rising more than threefold on year.

 

IT stocks, among the biggest gainers in the 50-stock index, came off their highs. Tata Consultancy Services was the top gainer, up over 2%, while HCL Technologies and Tech Mahindra gained nearly 1?ch. Siemens Energy India and Samvardhana Motherson International were the top gainers in both the Nifty 200 and Nifty 500 indices, rising over 12% and over 8%, respectively. (Arundathi A R)

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Equity Alert: Mrs Bectors Food shares up 2% ahead of June quarter earnings

 

MUMBAI--1100 IST--Shares of Mrs. Bectors Food Specialities Ltd. were trading around 2% higher at INR 214.25 apiece ahead of its June quarter earnings, due later in the day. The company is expected to report a sharp increase in its net profit for the June quarter on a yearly as well as sequential basis.

 

Motilal Oswal Financial Services Ltd. expects the company to report a consolidated net profit of INR 383 million, while Anand Rathi Share and Stock Brokers Ltd. expects a net profit of INR 355 million for the June quarter.

 

The company's consolidated net sales are expected to rise sharply on year and sequentially. Anand Rathi expects the net sales to increase 13% on year to INR 5.32 billion and Motilal Oswal estimates a 12% on-year rise in net sales to INR 5.30 billion. Mrs. Bectors Food had reported a net profit of INR 309 million on revenues of INR 4.73 billion for the year-ago quarter.

 

The company's revenue growth will be driven by the domestic biscuit business and double-digit growth in exports, Motilal Oswal said. The company's exports are expected to grow in the range of 11% to 12%, led by Africa and Latin America. The bakery business is expected to continue its outperformance with 15% growth, while the quick service restaurant segment is likely to grow around 5%, the brokerage added.

 

The fast-moving consumer goods industry witnessed stable demand in the June quarter, aided by a reduction in goods and services tax, easing food inflation, improving urban demand, and an extended summer season, Anand Rathi said. A sharp increase in prices of crude oil and its derivatives, and crude palm oil due to the war in West Asia has impacted some exports to the region and drove price hikes by most companies across their portfolio, the brokerage said.

 

Most of the FMCG companies are expected to see healthy volume-led double-digit revenue growth, supported by premiumisation, price hikes, and faster growth in modern trade and quick commerce. The margins are expected to remain under pressure due to higher input costs. El Nino and consequent impact on the rural income is expected to drag consumption, Anand Rathi said.

 

Motilal Oswal expects the company to report earnings before interest, tax, depreciation, and amortisation of INR 673 million. The EBITDA margin is likely to expand by 40 basis points on year to 12.7%.

 

All the five brokerage reports on the company available with Informist have a "buy" recommendation on the stock with an average target price of INR 237 per share. The target price is nearly 11% higher than the current market price.  (Devanshu Singla)

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Equity Alert: Indices open lower after 2 sessions of gain on high oil prices

 

MUMBAI--0945 IST--Domestic equity markets started the week's last trading session on a negative note, opening marginally lower, after closing higher for the past two sessions. Higher crude oil prices, now at $83 a barrel, dampened sentiment.

 

At 0941 IST, the Nifty 50 was at 24603.75, down 32.25 points or 0.1%. The BSE Sensex was at 78684.56, down 270.20 points or 0.3%. Volatility in the market rose after the lower opening. India VIX, the volatility index, rose over 2% to 12.4550 points. Broader market indices were mixed, with small-cap indices declining 0.1–0.2%. Meanwhile, mid-cap indices rose in early trade, up 0.2-0.4%.

 

Sectoral indices were also mixed, with the Nifty Financial Services shedding the most, down nearly 1%. On other hand, the Nifty IT gained the most, up over 2%, with all constituents trading higher.

 

Bajaj Finance was the key loser among Nifty 50 members, down 4%. Bajaj Finserv was also among the major losers, down over 3%. Among the 50-stock gainers, information technology stocks gained the most. Tech Mahindra and Tata Consultancy Services were up almost 3?ch. HCL Technologies and Infosys rose 1.4–2.4%.

 

Siemens Energy India, up over 9%, gained the most in the Nifty 200 index. Shares of the company rose after its June quarter net profit jumped 68% on year and sales rose 39% on year.  (Arundathi A R)

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Equity Alert: Indices seen in range amid higher oil price, Trump's comments

 

MUMBAI--0850 IST--Domestic equity indices are likely to move in a range Friday as well, indicated by the movement of the GIFT Nifty. Analysts expect the Nifty 50 index to edge up further in the near term as long as it stays above the 24600-point level. Crude oil prices resumed their climb to $83 a barrel despite US President Donald Trump's comment that the Iran war is likely to end "pretty soon". Investors have now shifted their prime focus to the new closing auction mechanism for the equity cash segment as the sharp divergence between the closing levels of the Nifty 50 and the BSE Sensex continued.

 

At the end of the continuous session at 1515 IST Thursday, the Nifty 50 was at 24627.95 points, slightly up from Wednesday, while the BSE Sensex was at 78785.62 points, up 0.3%. After the closing auction session, the Nifty 50 ended at 24636, up 11.35 points from Wednesday's close. This was over eight points higher than the 1515 IST level. The Sensex, on the expiry day of its weekly derivatives contract, ended at 78954.76, up 373.76 points or 0.5%. The August futures contract of the 30-stock index ended at a premium of 205 points at 1530 IST to the Sensex's close.

 

At 0851 IST, the August futures contract of the GIFT Nifty was largely flat from its previous close at 24651. This was 15 points higher than the Nifty 50's previous close. "The Nifty (50) index traded in a narrow range of just 75 points throughout the session and settled at 24636 (spot), well within the resistance zone of 24600–24700," Vipin Kumar assistant vice president of research at Globe Capital Market, said. "Going forward, a decisive break above 24700 could push it towards 24850 and higher levels in the near term. Conversely, 24400 will continue to act as a strong support level, while a break below it could drag the index down to 24150–24050."

 

Titan Co. and Hindalco Industries will also be tracked as they will announce their June quarter results later in the day. Titan is expected to report a 25% on year rise in its net profit for the June quarter to nearly INR 13 billion, while its revenue is expected to rise nearly 38% to nearly INR 201 billion. Robust growth in domestic jewellery sales, along with healthy sales of watches, eyewear, and other products, is likely to help Titan's earnings growth. Hindalco's consolidated net profit for the quarter is seen at INR 58.17 billion, while its revenues are expected at INR 889.70 billion.

 

All three major US indices closed lower Thursday as investors weighed on a new set of earnings and the progress in the US and Iran peace deal. Asian indices were mixed, with the Nikkei 225 shedding the most, down almost 1%.  (Arundathi A R)

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Equity Alert: Asian mkts mixed ahead of US jobs data; Kospi, Nikkei fall most

 

MUMBAI--0754 IST--Asian indices were mixed Friday as investors awaited the US jobs report to gain clarity regarding the possibility of an interest rate hike in September by the US Federal Reserve. South Korea's Kospi and Japan's Nikkei 225 indices led the losses in the region, both down around 1%. Japan's broader market, Topix, was flat. Mainland China's CSI 300 and Singapore's FTSE were positive in the region. 

 

Shares of South Korean solar companies rose during early trade after the White House imposed a 15% tariff, price floors and minimum import prices on polysilicon products and derivatives. Multinational energy service provider, Hanwha Solutions rose around 7%. "With the acceleration of de-China in the North American ESS (energy storage system) market, order momentum for domestic battery and material companies is expected to occur frequently in the second half," Seoul Economic Daily quoted Kim Chul-joong, an analyst at Mirae Asset Securities as saying. Meanwhile, shares of Kospi heavyweights SK Hynix fell more than 4% while Samsung Electronics gained 1.5%.

 

In Japan, key constituents related to semiconductor equipment manufacturing continued their fall from Thursday. Advantest fell more than 4%, Tokyo Electron around 2%, and Disco Corp. about 5%. Software major SoftBank Group was down over 3%. On the macroeconomic front, Japan's real consumer spending for July fell 3.3% on year, according to the Statistics Bureau of Japan. "Sentiment is unlikely to pick up much," Reuters quoted Sota Takano, senior economist at Itochu Research Institute as saying. "If the situation suddenly improves dramatically, that would be a different story," Takano said, referring to the war in West Asia.

 

Hong Kong's Hang Seng fell slightly, led by losses in the healthcare as well as education services sectors. Australia's S&P/ASX 200 fell slightly.

 

Following are the levels of key indices in the region at 0752 IST:

 

Index	Level	Change in %
Nikkei 225 Day	64938.69	(-)1.1
TOPIX FIRST SECTION	4057.01	0.03
S&P/ASX 200 Index	9252.80	(-)0.2
KOSPI Index	6206.52	(-)1.4
Hang Seng Index	25457.17	(-)0.3
CSI 300 Index	4676.89	0.5
FTSE Singapore Strait Times	5654.01	0.3

 

(Deesha Jadhav)

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Equity Alert: US markets end lower, investors assess peace talks, earnings

 

MUMBAI--0700 IST--Major US indices ended lower Thursday as investors weighed on a new set of earnings and the progress in the US and Iran peace deal. The Dow Jones Industrial Average snapped its five-session winning run and closed around 1% lower. The Nasdaq Composite fell for the second session in a row and the S&P 500 for the third straight session. 

 

Technology heavyweights Alphabet, Amazon, and Nvidia fell. Alphabet closed 1% lower while Nvidia and Amazon both closed slightly lower. Meanwhile, shares of Microsoft and Apple closed higher. Microsoft closed 2.5% higher and the iPhone maker closed marginally higher. Artificial intelligence company SpaceX closed 6% higher. Shares of data storage company Western Digital fell around 13?spite reporting a strong set of earnings. Concern about spending on AI infrastructure dragged down the stock and chipmaker Sandisk extended its losses from Wednesday and closed around 7% lower.

 

During the extended trading, shares of Airbnb rose more than 7?ter the holiday rental company reported higher than estimated top line and bottom lines. DraftKings fell around 3?ter the company's revenues fell short of the Street's expectations. 

 

On the macroeconomic front, investors await the jobs report due on Friday. July's nonfarm payrolls are expected to show less improvement while the unemployment rate is likely to remain unchanged at 4.2%, according to a Reuters poll. 

 

Following were the closing levels of major US indices Thursday:

 

Index	Level	Change in %
Dow Jones Industrial Average	53885.10	(-)0.9
NASDAQ Composite	26348.35	(-)0.1
S&P 500	7709.96	(-)0.2

 

(Deesha Jadhav)

 

US$1 = INR 95.28

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.

 

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

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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

 

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