ensex Today, Nifty 50 | Stock Market Live Updates: Indian benchmark indices traded firmly higher at midday on Wednesday, extending the previous session’s gains on strong buying in IT and FMCG stocks, supported by encouraging domestic macroeconomic data and renewed foreign investor interest.
At 3 pm, Sensex traded 953.05 pts or 1.24% higher at 77,718.97, hitting an intraday high of 77,765.49. Nifty 50 gained 284.25 pts or 1.19% to 24,269.60.
Hindustan Unilever, Infosys, Cipla, Larsen & Toubro and Hindalco led the gains, whereas Adani Ports, Mahindra & Mahindra and Power Grid were among the top laggards. Despite the strong benchmark performance, market breadth remained weak with declining stocks outnumbering advancing ones.
Analysts said the Nifty had reclaimed its 100-day exponential moving average, with immediate support seen around 24,110 and resistance near 24,380.
Investors also tracked higher crude oil prices, a stable rupee and the upcoming U.S. Federal Reserve policy decision, which is expected to provide fresh direction to global financial markets
Also Read: Click here for Q1 Results Today Live: July 29, 2026
- July 29, 2026 15:57
Artha Bharat Investment Managers to double AUM growth to $1.5 billion in three years; outlines global expansion
GIFT City-based fund management leader outlines three-pronged growth plan spanning product expansion, international markets and new investor segments
Gandhinagar/Mumbai, 29th July 2026: Artha Bharat Investment Managers IFSC LLP, a leading GIFT City-headquartered fund management entity, today announced plans to double its assets under management (AUM) from $750 million to $1.5 billion over the next three years, as it marks the second anniversary of establishing its operations in GIFT City.
The fund management entity, which focuses on offering differentiated, alpha-creating investment opportunities across asset classes, has outlined a three-pronged expansion strategy focused on expanding its product suite, strengthening its international footprint, and targeting new geographies and categories of investors.
Key Highlights
AUM target: Plans to double assets under management from $750 million to $1.5 billion in three years
Product expansion: Plans to launch two dollar-denominated debt-oriented products, a commodity/precious metals arbitrage fund and a global equity fund
International expansion: Exploring additional offices in the Middle East and international financial centres such as Mauritius and Singapore
Domestic investor access: Plans to expand access to its global investment products for Indian investors through fund distributors and banks. Open new investor-relations and distribution offices in Mumbai, Delhi, Bengaluru and Kolkata within the year
GIFT City expansion: Adding 3,300 sq. ft. of office space, with capacity to accommodate up to 100 people
Long-term GIFT City commitment: Signed a deal to acquire 12,000 sq. ft. of office space in the upcoming Shilp Twin Tower in GIFT City
Product track record: The fund house’s first fund has delivered 6X returns to investors in the first three years of its fund life itself.
- July 29, 2026 15:56
Mirae Asset Aggressive Hybrid Fund completes 11 years this month
Completing 11 years this month, the Mirae Asset Aggressive Hybrid Fund reflects how a balanced investment approach can help investors navigate changing market conditions. By maintaining nearly 80% exposure to quality equities and around 20% in debt securities, the fund seeks to participate in market upside while providing a cushion during periods of volatility. Over the past one year, the fund has delivered 4.5% returns, outperforming the Aggressive Hybrid Fund category average of 3.33%, even as the BSE Sensex declined by around 4% during the same period.
Rs. 10,000 invested in the Scheme (Regular Plan - Growth Option) at inception would have grown to Rs 32.959 as on 30th June 2026 as against Rs. 31,675 in the benchmark. Whereas Rs. 10,000 invested every month in the Regular Plan - Growth Option of Scheme (SIP Investment) since inception, which would be a total investment of Rs. 13,10,000 as on 30th June 2026, would have grown to 25,63,597 delivering a XIRR of 11.75%.
The Assets Under Management (AUM) of the Mirae Asset Aggressive Hybrid Fund (the Scheme) were Rs. 9,426.19 crores as of 30th June 2026. The Scheme is managed by Mr. Harshad Borawake (Equity Portion) Mr. Vrijesh Kasera (Equity Portion) and Mr. Basant Bafna (Debt portion).
- July 29, 2026 15:55
Japan announces plans to cut food consumption tax from 8% to 1% from April 2027
Japan: Consumption tax cut plan proposed
By Louis Chua, Equity Research Asia, Julius Baer
Japan announced plans to cut the food consumption tax from 8% to 1% from April 2027, addressing cost-of-living concerns amid weak public approval on inflation management. While fiscal risks remain, retailers and food & beverage firms are key beneficiaries. While we remain constructive on AI infrastructure, elevated market volatility may continue to drive the rotation into defensive, domestic-demand stocks, with the tech-heavy Nikkei 225 down ca 10% over the past month while the broader TOPIX index has remained flat.
At a press conference in the evening of 27 July 2026, Japan’s Prime Minister Sanae Takaichi announced that a consumption tax cut proposal will be unveiled later this week, bringing the tax on food items down from 8% to 1%, effective from April 2027. To recap, the cut in food consumption tax is a key campaign pledge by the ruling Liberal Democratic Party (LDP), with the cost of living being a key concern for the Japanese. Based on the latest Yomiuri poll, only 21% of respondents approve of the government’s response to high inflation, while 71% disapprove, which may have contributed to the recent downward trend in the government’s approval ratings. A bill to pass the tax cuts will be tabled at the Japanese Diet after the conclusion of debates at the bipartisan level, even as the opposition has previously opposed the cuts. According to a Nikkei report, a senior government official was quoted as pledging to provide adequate clarity to the markets on funding and showing a commitment to reverse the cuts after two years, even though near-term fiscal concerns could remain given uncertainties around the fiscal gap arising from the tax cuts. Further, the current draft cuts the food consumption tax rate to 1% rather than zero, with the 1% receipts recycled as cash handouts such that the government can claim an effective zero tax on food; while allowing cash register systems time to make the necessary adjustments. In our view, the direct equity market beneficiaries of the consumption tax cuts are: (1) the retail sector, in particular supermarket operators, discount retailers and food-heavy drug stores and (2) the food & beverage sector, in particular those that have the pricing power to maintain prices or pass through higher costs given higher imported inflation, without a corresponding reduction in volume. Within our coverage, Pan Pacific International (Buy, Price/Target: JPY 856.20/1,200) could benefit, which operates general supermarkets under its UNY operations and has recently completed the acquisition of Tokyo-based supermarket chain Olympic Group. Given elevated market volatility and a resurgence of concerns around the Artificial Intelligence (AI) trade, the tech-heavy Nikkei 225 declined by ca 10% over the past month, even as the broader TOPIX index has remained flat. Tech valuation multiples have compressed, even as earnings have remained resilient, and we remain optimistic on the infrastructure layer of AI given firm underlying demand. However, elevated volatility could drive a continued rotation away from technology sectors towards defensive sectors and domestic demand beneficiaries in the near term.
- July 29, 2026 15:54
Vedanta Oil and Gas Q1 results: Standalone PAT rises to ₹695 crore in Q1 FY27 as against ₹332 crore loss in Q1 FY26
- July 29, 2026 15:50
Colgate-Palmolive India Q1 profit rises 7% to ₹343 crore as premium toothpaste demand lifts sales 12%
Colgate-Palmolive India Q1 profit rises 7% to ₹343 crore as premium toothpaste demand lifts sales 12%
Colgate-Palmolive India reports Q1 profit up 7% to ₹343.08 crore, driven by premium toothpaste demand and 12% sales growth.
- July 29, 2026 15:49
HIRECT secures its first order from the United States for Traction Motor Assemblies
- July 29, 2026 15:49
V-Guard’s Q1 FY 2026-27 revenue grows by 23.5%; profit after tax grows 76.4%
V-Guard Industries Ltd., a leading Consumer Electricals and Electronics Company announced its unaudited financial results for the quarter ended June 30, 2026.
Q1 FY 2026-27 highlights:
· Consolidated Net Revenue from operations for the quarter ended June 30, 2026 is Rs. 1810.65 crs; a growth of 23.5% over the revenue recorded in corresponding period of the previous year (Rs. 1466.08 crs).
· Consolidated Profit After Tax for the quarter is Rs. 130.25 crs, a growth of 76.4% as against Rs. 73.85 crs recorded in corresponding period of the previous year.
Business Outlook:
Commenting on the company’s performance, Mr. Mithun. K. Chittilappilly, Managing Director, V-Guard Industries Ltd said “The business delivered a strong performance for the quarter with all segments delivering double digit growth. Despite challenges posed by the West Asia war, the company delivered robust results while sustaining healthy margins driven by inherent resilience of the business, proactive actions and a supportive summer season.
We will continue to monitor the geo-political situation and will take appropriate actions necessary to protect supplies and margins. We are hopeful that the growth momentum will sustain in the upcoming quarters.”
- July 29, 2026 15:42
Sensex settles 888.68 pts or 1.16% higher at 77,654.60, and Nifty 50 gains 264.85 pts or 1.10% to 24,250.20
On the sectoral front, IT, metal and FMCGs outperformed, while realty and auto dipped.
- July 29, 2026 15:36
Ramco Systems to implement its next-generation Aviation Software at CFS Aero
Global aviation software provider Ramco Systems to implement its next-generation Aviation Software at CFS Aero, a leading UK-based aerospace engineering company providing OEM and MRO services across aircraft engines, APUs, and aerospace systems
- July 29, 2026 15:33
Oriental Rail Infrastructure secures order worth ₹5.25 crore from Modern Coach Factory (MCF), Raebareli, Indian Railways
- July 29, 2026 15:28
SBI raises ₹4,691 crore from Tier I bonds to fund business growth
SBI raises ₹4,691 crore from Tier I bonds to fund business growth
SBI raises ₹4,691 crore through Tier I bonds to support business growth, attracting strong investor interest with a 7.75% coupon rate.
- July 29, 2026 15:27
Syrma SGS Technology reported standalone PAT of Rs 94 crore in Q1FY27 as against Rs 54 crore in Q1FY26.
- Board approved raising funds for an aggregate amount not exceeding Rs. 1000 Crore via QIP.
- Shares up 2% to Rs 1338 on the NSE.
- July 29, 2026 15:09
Go Digit confirmed that CCI approved the proposed Scheme of Amalgamation amongst Go Digit Infoworks Services Private Limited with Go Digit General Insurance Limited and their respective shareholders
- July 29, 2026 15:05
Nifty 50
- Top gainers: Jio Financial (+5.15%), HUL (+4.62%), Infosys (+4.42%), Hindalco (+2.73%), Bharti Airtel (+2.68%)
- Top losers: Adani Ports (-2.77%), M&M (-1.41%), Power Grid (-0.96%), Eicher Motors (-0.62%)
- July 29, 2026 15:04
Markets at 3:00 p.m.
▲ Sensex: +953.05 pts (+1.24%) | 77,718.97 (Day’s high: 77,765.49)
▲ Nifty 50: +284.25 pts (+1.19%) | 24,269.60
- July 29, 2026 15:02
KPIT Technologies Q1 FY27
- Consolidated net profit declines to ₹120 crore from ₹163 crore
- Revenue slips to ₹1,670 crore from ₹1,710 crore
- EBIT falls to ₹190 crore from ₹240 crore
- EBIT margin narrows to 11.3% from 14%
- July 29, 2026 14:56
PSB Xchange Onboards Punjab National Bank to Strengthen India’s Digital Supply Chain Finance Ecosystem
Collaboration brings one of India’s largest Public Sector Banks onto the unified digital working capital platform
- July 29, 2026 14:53
Anicut Capital announces ₹175 crore equity Grand Anicut Seed Fund
Anicut Capital announces ₹175 crore equity Grand Anicut Seed Fund
The firm plans to invest in over 20 start-ups with ticket sizes in the range of ₹5 to 8 crores; this is Anicut’s second fund for Early-stage Investments
- July 29, 2026 14:53
Garden Reach Shipbuilders & Engineers reported net profit of Rs 172.84 crore in Q1FY27 as against Rs 120.17 crore in Q1FY26.
Shares flat at Rs 2,628.50 on the NSE.
- July 29, 2026 14:39
Adani Enterprises reported consolidated net loss of Rs 1,461.54 crore in Q1FY27 as against Rs 976.48 crore profit in Q1FY26.
Shares traded flat at Rs 3004 on the NSE.
- July 29, 2026 14:36
Ardee Industries' ₹426 crore IPO to open on August 5; fixes price band at ₹50-53
Ardee Industries' ₹426 crore IPO to open on August 5; fixes price band at ₹50-53
₹220 crore will be earmarked for funding the company's incremental working capital requirements, ₹20 crore will go towards debt repayment, and the remaining amount will be used for general corporate purposes
- July 29, 2026 14:32
Beauty Garage files papers with SEBI for raising funds via IPO
Beauty Garage files papers with SEBI for raising funds via IPO
The company intends to utilise the proceeds from the fresh issue towards funding capital expenditure for setting up a manufacturing facility at Vasai and for general corporate purposes.
- July 29, 2026 14:13
Honeywell Automation India reported 20.9% increase in profit after tax for the quarter ended June 2026 at Rs 150.7 crore as against Rs 124.6 crore in Q1FY26.
Shares jumped 10% to Rs 41,330 on the NSE.
- July 29, 2026 14:13
Asian Paints’ standalone PAT rose 34.3% to Rs 1478.35 crore in Q1FY27 as against Rs 1,100.52 crore in Q1FY26.
Shares were up 3% to Rs 2809 on the NSE.
- July 29, 2026 14:13
The Jammu & Kashmir Bank reported standalone PAT of Rs 424.18 crore in Q1FY27 as against Rs 484.84 crore in Q1FY26.
- July 29, 2026 14:08
Markets at 2:02 p.m.
▲ Sensex: +950.12 pts (+1.24%) | 77,716.04
▲ Nifty 50: +283.90 pts (+1.18%) | 24,269.25
- July 29, 2026 13:43
Adani Ports & SEZ Q1 profit rises 9% to ₹3,620 crore
Adani Ports Q1 Results: profit rises 9% to ₹3,620 cr on global ports growth
Revenue from operations during the quarter rose 19 per cent to ₹10,821 crore, while earnings before interest, tax, depreciation and amortisation (EBITDA) increased 19 per cent to ₹6,541 crore.
- July 29, 2026 13:42
Adani Ports & SEZ Q1 profit rises 9% to ₹3,620 crore
- July 29, 2026 13:42
RVNL bags ₹359 crore railway doubling contract from East Central Railway
RVNL bags ₹359 crore railway doubling contract from East Central Railway
The scope includes earthwork, blanketing, minor and major bridges, station and other buildings, platform work, level crossing work, and other miscellaneous civil works
- July 29, 2026 13:41
V-Guard Industries’ standalone PAT jumped 93.48% to Rs 107.79 crore in Q1FY27 as against Rs 55.71 crore in Q1FY26.
The second and final term of Ms. Radha Unni, Chairperson and Independent Director will conclude on September 26, 2026. Accordingly, the Board of Directors approved the appointment of Mr. Mithun K Chittilappilly, Managing Director, as Chairperson of the Board w.e.f. September 27, 2026.
Shares zoomed 7% to Rs 312.80 on the NSE.
- July 29, 2026 13:40
Reliance Infrastructure has received an arbitral award in its dispute with Mumbai Metropolitan Regional Development Authority (MMRDA) concerning subordinated debt provided to MMOPL
The Arbitral Tribunal, by a 3:0 majority, granted the company ₹157.64 crore towards the cost of subordinated debt, along with interest.
- July 29, 2026 13:39
State Bank of India (SBI) raised ₹4,691 crore today at a coupon rate of 7.75% through its first Basel III compliant Additional Tier 1 bond issuance for the current financial year.
The tenor of these bonds is perpetual with call option after 5 years and each anniversary date thereafter and are rated AA+ with stable outlook from CRISIL Ratings Limited and CARE Ratings Limited.
Shares flat at Rs 1014 on the NSE.
- July 29, 2026 13:39
Macpower CNC Machines reported net profit of Rs 9.58 crore in Q1FY27 as against Rs 4.55 crore in Q1FY26.
Shares were up 1%, trading at Rs 1311.20 on the NSE.
- July 29, 2026 13:39
Thomas Cook India & SOTC Travel Launch Premium Rail Experiences, Expanding International Holiday Portfolio
- July 29, 2026 13:39
Eris Lifesciences reported consolidated PAT of Rs 143.32 crore in Q1FY27 as against Rs 125.10 crore in Q1FY26.
- July 29, 2026 13:28
UltraTech Cement to raise ₹5,000 crore via bond issuances
UltraTech Cement plans to raise ₹5,000 cr via bond issuances
After a series of acquisitions and browfield expansion, UltraTech Cement, an Aditya Birla Group company, plans to raise ₹5,000 crore through rupee-denominated bonds to bring down its borrowing cost.
- July 29, 2026 13:28
KPIT Technologies Q1 PAT drops 58% to ₹96.7 crore; Omkar Panse appointed CTO, Anant Talaulicar to chair AGM; shares up 4% at ₹628.55 on NSE
KPIT Technologies’ standalone PAT fell 57.7% to Rs 96.69 crore in Q1FY27 as against Rs 228.92 crore in Q1FY26.
Board approved appointment of Omkar Panse, Chief Technology Officer as Senior Management Personnel of the Company; Appointment of Mr. Anant Talaulicar as Chairman of the ensuing 9th Annual General Meeting
Shares traded at Rs 628.55 on the NSE, up 4%
- July 29, 2026 13:27
Dhanlaxmi Bank Q1 net profit doubles to ₹24.91 crore; shares flat at ₹34.32 on NSE
Dhanlaxmi Bank reported net profit of Rs 24.91 crore in Q1FY27 as against Rs 12.18 crore in Q1FY26.
Shares flat at Rs 34.32 on the NSE.
- July 29, 2026 13:27
Procter & Gamble Hygiene Q1 PAT falls to ₹126.3 crore; shares down 4.5% to ₹8,567 on NSE
Procter & Gamble Hygiene and Health Care reported PAT of Rs 126.27 crore in Q1FY27 as against Rs 192.06 crore in Q1FY26.
Shares were down 4.5% to Rs 8,567 on the NSE.
- July 29, 2026 13:23
IT, FMCG stocks lift Sensex past 77,600 at midday; Adani Ports, M&M drag
Sensex jumps over 830 points, Nifty tops 24,230 on IT-led rally
Sensex climbs over 830 points and Nifty crosses 24,230 as IT stocks rally. Investors await the Fed decision amid higher crude prices.
- July 29, 2026 13:12
Perspective on collapse of ceasefire between US and Iran by Nachiketa Sawrikar, Fund Manager, Artha Bharat Global Multiplier Fund
“The ceasefire has effectively collapsed. What began as a pause in direct hostilities has now given way to a renewed cycle of escalation, with reported U.S.-Saudi strikes on Iran-backed militias in Iraq and Iran responding with ballistic missile attacks on U.S. forces. Equally significant is the diplomatic backdrop. Iran has rejected the latest Omani proposal on the Strait of Hormuz and is insisting on substantially greater formal control over the waterway with the ability to collect tolls, making it clear that the dispute is no longer just about military exchanges but also about who controls one of the world’s most important energy chokepoints.
The immediate market focus will shift to two questions: whether this remains a contained exchange or evolves into a broader regional conflict, and whether energy infrastructure or shipping through the Strait of Hormuz becomes a target. If the conflict expands beyond military assets to oil infrastructure or commercial shipping, crude prices could rise sharply and global markets would quickly reprice geopolitical risk.”
- July 29, 2026 13:12
IndoNational acquires 31.8% stake in Aidin Technologies for ₹34.99 crore through subscription to Series A and A1 CCPS
IndoNational has subscribed to 9,920 fully paid-up Series A CCPS and 12,202 partly paid-up Series A1 CCPS of Aidin Technologies Private Limited, representing 31.82% of the paid-up share capital, for an aggregate consideration of Rs. 34.99 crore
- July 29, 2026 13:11
Craftsman Automation Q1 PAT jumps to ₹93.9 crore; shares rise 5% to ₹9,752 on NSE
Craftsman Automation reported standalone PAT of Rs 93.93 crore in Q1FY27, higher than Rs 39.74 crore in Q1FY26.
Shares gained 5% to Rs 9752 on the NSE.
- July 29, 2026 12:46
Japan's Nikkei hits two-month low after chip rout
Japan’s Nikkei share average fell to close at a fresh two-month low on Wednesday, as investors sold off chip-linked shares ahead of major U.S. tech earnings, while renewed fighting in the Middle East dampened risk appetite.
Asian chipmakers have been highly volatile recently, as doubts over returns from AI companies’ heavy spending emerge amid intensifying Chinese competition.
The tech-heavy Nikkei closed 1.49% lower at 61,434.19, after sinking as much as 3.07% earlier, extending the previous session’s more-than 4% plunge. The gauge is down about 15% from a record high close hit last month. - Reuters
- July 29, 2026 12:44
Shanthi Gears drops 4% to ₹402 as Q1 PAT plunges 57% to ₹9.85 crore
Shanthi Gears’ PAT fell 56.5% y-o-y to Rs 9.85 crore in Q1FY27 from Rs 22.69 crore in Q1FY26.
Shanthi Gears informed the resignation of Mr. Malliraj S as Head - Strategic Sourcing of the company w.e.f. 15th September, 2026
Shares were down 4%, trading at Rs 402 on the NSE.
- July 29, 2026 12:38
Q1 live updates
Q1 Results 29th July Live: Adani Enterprises, Adani Ports, Asian Paints, Eicher Motors, Waaree Energies, Colgate, Prestige Estates, Syrma SGS Tech, Hexaware Tech, Dabur, Vedanta Oil, ACME Solar to announce Q1 results, HUL, L&T, Tata Capital, Pfizer shares gain, Ambuja Cements & Suzlon dip
Q1 Results Today, 29th July 2026 Live Updates: Get real-time Q1 FY27 earnings updates, profit growth, revenue numbers and management outlook from 7NR Retail, Accelya Solutions India, ACME Solar Holdings, Adani Enterprises, Adani Ports and Special Economic Zone, Adf Foods, Aequs, Aeroflex Neu, Akme Fintrade (India), Apcotex Industries, Arcotech, Arex Industries, Asahi Songwon Colors, Asian Paints, Bajaj Housing Finance, Balkrishna Industries, BGR Energy Systems, Black Buck, BMW Ventures, CarTrade Tech, Chalet Hotels, Chandra Prabhu International, Chemfab Alkalis, Colgate Palmolive (India), Coral Newsprints, Craftsman Automation, Continental Securities, Dabur India, Devyani International, Dhanlaxmi Bank, EFC (I), Eicher Motors, eMudhra, Eris Lifesciences, Force Motors, G. G. Dandekar Properties, Gokul Agro Resources, Garden Reach Shipbuilders & Engineers, GSL Securities, Hawkins Cookers, HeidelbergCement India, Hexaware Technologies, Honeywell Automation India, Hariyana Ventures, ICSA (India), Indo Rama Synthetics (India), Indostar Capital Finance, Ivalue Infosolutions, Jammu & Kashmir Bank, Jagsonpal Pharmaceuticals, Kamdhenu, OnEMI Technology Solutions, KPIT Technologies, Karnataka Bank, Laxmi Organic Industries, Maharashtra Scooters, MAS Financial Services, Mangal Electrical Industries, Moil, Meghmani Organics, MPF Systems, MTAR Technologies, Mystic Electronics, Nath Bio-Genes (India), OBCL, Odyssey Technologies, Omega Interactive Technologies, PCBL Chemical, Procter & Gamble Hygiene and Health Care, PNGS Reva Diamond Jewellery, Piramal Pharma, Prestige Estates Projects, Quess Corp, Redington, Refex Industries, Rishi Techtex, Rnit Ai Solutions, Saffron Industries, Sampann Utpadan India, Shanthi Gears, Sharda Cropchem, SKM Egg Products Export (India), Skyline Millars, Star Health and Allied Insurance Company, Steelcast, Suditi Industries, Sugs Lloyd, Sukhjit Starch & Chemicals, Syngene International, Syrma SGS Technology, TBO TEK, TeamLease Services, Thangamayil Jewellery, Timex Group India, Trident Lifeline, Triveni Engineering & Industries, Trustedge Capital, Vakrangee, V B Desai Financial Services, Vedanta Power, V-Guard Industries, Vidhi Specialty Food Ingredients, Vinati Organics, Vintage Coffee And Beverages, Vedanta Iron And Steel, Vivanta Industries, Vedanta Oil and Gas, Waaree Energies, Zee Learn, Zensar Technologies, Prabhu Steel Industries.
- July 29, 2026 12:35
Adani Ports Q1 PAT jumps to ₹1,557 crore, but shares fall 3% to ₹1,725.90 on NSE
Adani Ports and Special Economic Zone reported standalone PAT of Rs 1557.49 crore in Q1FY27 as against Rs 596.99 crore in Q1FY26.
Shares were down 3% to Rs 1725.90 on the NSE.
- July 29, 2026 12:35
Zydus Lifesciences faces ₹10.85 crore stamp duty and penalty demand on Sterling Biotech asset acquisition
Zydus Lifesciences said the Office of the Superintendent of Stamps, Gandhinagar, Gujarat, has determined the market value of property transferred in connection with its acquisition of certain assets from Sterling Biotech at ₹1,542.60 million. The authority concluded that additional stamp duty was payable and ordered recovery of alleged deficient stamp duty of ₹53.47 million, along with penalties of ₹55.07 million, taking the total demand to ₹108.54 million.
- July 29, 2026 12:26
Thangamayil Jewellery net profit up nearly 2X YoY at ₹85 crore
Thangamayil Jewellery Q1 Results: Net profit up nearly 2X YoY at ₹85 crore
Gold jewellery sales went up by 65% to ₹2,273 crore in Q1FY27. Non gold (Silver, Diamonds, other products) sales rose 88% to ₹244 crore
- July 29, 2026 12:26
Kalpataru shares rise 2% to ₹1,293.70 after High Court partially sets aside arbitration award to JV KEPL against NHAI
Kalpataru said the High Court, in its July 28, 2026 order, partially set aside the arbitration award received by its joint venture Kurukshetra Expressway Private Limited (KEPL) against NHAI.
Shares up 2% to Rs 1293.70 on the NSE.
- July 29, 2026 12:25
Godawari Power reduces stake in Jammu Pigments to 39.99% after partial divestment worth ₹23.1 crore
Godawari Power and Ispat has transferred 7,74,000 equity shares of Jammu Pigments on July 28, 2026, for a consideration of ₹23.10 crore. Following the first tranche of the partial divestment, GPIL’s stake in JPL has reduced from 43.96 per cent to 39.99 per cent. The company had earlier approved the divestment of 16,75,000 JPL shares at a fair value of ₹298.45 per share, aggregating to ₹49.99 crore.
- July 29, 2026 12:13
India bonds tiptoe along ahead of Fed meet; oil prices weigh
India bonds tiptoe along ahead of Fed meet; oil prices weigh
The benchmark 6.94% 2036 bond yield was at 6.7872% after ending Tuesday at 6.7774%; bond yields move inversely to prices
- July 29, 2026 12:08
Top gainers of Nifty Midcap 100
Swiggy (+7.42%), Tata Investment (+4.42%), SAIL (+3.77%), Kalyan Jewellers (+3.15%)
Top losers: Phoenix Mills (-4.69%), Suzlon (-2.21%), LTF (-2.15%)
- July 29, 2026 12:05
Nifty today: Top gainers, losers
Top gainers of Nifty 50: HUL (+4.65%), Infosys (+4.44%), Tata Steel (+3%), L&T (+2.77%), Cipla (+2.64%)
Top losers: Adani Ports (-2.29%), Power Grid (-1.42%), BEL (-1.30%), M&M (-0.83%)
- July 29, 2026 12:05
Sensex surges 818 points to 77,584; Nifty jumps 240 points to 24,225
Sensex traded 818.05 pts or 1.07% higher at 77,583.97 at 12.01 pm, and Nifty 50 was up 239.55 pts or 1.00% to 24,224.90.
- July 29, 2026 12:04
SafeGold and BlueStone partner to enable physical-to-digital gold conversion, helping mobilise domestic gold and cut imports
SafeGold and BlueStone partner to enable physical gold to digital gold conversion, mobilising domestic gold and directly reducing gold imports
- July 29, 2026 12:04
Beauty Garage Limited Files DRHP With SEBI
Beauty Garage Limited (BGL), an Indian homegrown premium and salon-grade haircare company has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise funds through an Initial Public Offering (IPO).
The company offers advanced hair treatment and maintenance solutions catering to luxury/ premium category salons, beauty professionals, and retail consumers across India. Through its salon network the company has established a pan–India presence across 272 cities and reaches out to more than 13,044 salons through its distribution channel.
According to the DRHP, the proposed IPO comprises fresh issue of equity shares aggregating up to ₹1,250 million (Rs 125 crore) and an Offer for Sale (OFS) of up to 7,836,000 equity shares by the Promoter Selling Shareholders, Jigar Babubhai Ravaria and Mahesh Babubhai Ravaria.
The company has a diversified product portfolio and operates as an integrated brand with in-house research and development (“R&D”), manufacturing, designing, packaging, and marketing capabilities. BGL’s SKUs are designed for both in-salon procedures and consumer aftercare usage across key categories including shampoos, conditioners, styling products, scalp care solutions, and hair treatment products. As on date of DRHP, the company offers 133 products, with SKUs of an average selling price of ₹ 2,951.
The Company proposes to utilise the net proceeds from the fresh issue towards setting up the Vasai (Mumbai) manufacturing facility and for general corporate purposes.
Systematix Corporate Services Limited is the sole Book Running Lead Manager to the issue, while Bigshare Services Private Limited is the registrar to the offer.
- July 29, 2026 12:03
Devyani International Q1 PAT jumps 37% to ₹8.5 crore; shares surge 6% to ₹120 on NSE
Devyani International reported standalone PAT of Rs 8.5 crore in Q1FY27, rising 36.9% from Rs 6.2 crore in Q1FY26.
Shares surged 6% to Rs 120 on the NSE.
- July 29, 2026 11:51
Colgate Palmolive India Q1 profit rises 7% to ₹343 crore; shares up 2% to ₹2,187.90 on NSE
Colgate Palmolive (India) reported 7% y-o-y increase in Q1FY27 profit to Rs 343.08 crore from Rs 320.62 crore in Q1FY26.
Shares up 2% to Rs 2187.90 on the NSE.
- July 29, 2026 11:49
Diamond Power Infrastructure raises ₹1,614 crore through QIP to repay debt
Diamond Power Infrastructure raises ₹1,614 crore through QIP to repay debt
Diamond Power Infrastructure raises ₹1,614 crore via QIP, attracting leading institutional investors. Funds will be used mainly to repay debt.
- July 29, 2026 11:38
Thangamayil Jewellery reports its Q1 results
Net Profit Up 86% At ₹85 Cr Vs ₹45.7 Cr (YoY)
Revenue Up 71.2% At ₹2,666.4 Cr Vs ₹1,558 Cr (YoY)
EBITDA Up 66.2% At ₹144.6 Cr Vs ₹87 Cr (YoY)
Margin At 5.4% Vs 5.6% (YoY)
- July 29, 2026 11:35
Apple tops $5 trillion market cap in trading, retakes world’s most valuable company title
Apple overtakes Nvidia as world's most valuable company, crosses $5 trillion mark
Apple briefly crossed the $5 trillion market cap milestone after overtaking Nvidia, becoming only the second company to reach the historic valuation.
- July 29, 2026 11:21
India’s industrial production shows resilience, but brokerages expect growth to moderate
India's June industrial growth reflects strong manufacturing, but brokerages warn of slowdown risks
Brokerages say India's 7.3% June IIP growth reflects resilient manufacturing and investment, while warning of monsoon, global and geopolitical risks.
- July 29, 2026 11:08
Cartrade Tech down 1% at ₹2,921 despite 12% rise in Q1 PAT to ₹25.74 crore
Cartrade Tech’s standalone PAT increased 12% y-o-y to Rs 25.74 crore in Q1FY27 as against Rs 22.99 crore in Q1FY26.
Shares traded at Rs 2921 on the NSE, down 1%.
- July 29, 2026 11:08
Pine Labs falls 4% to ₹147.56 despite Q1 PAT rising to ₹19.6 crore
Pine Labs declined nearly 4% to Rs 147.56 on the NSE.
Its consolidated PAT stood at Rs 19.57 crore in Q1FY27 as against Rs 4.79 crore in Q1FY26.
- July 29, 2026 11:07
Easebuzz posts ₹723 crore FY26 revenue, secures all RBI payment aggregator licences
Easebuzz, India’s full-stack payments and financial infrastructure platform, reported another year of profitable growth in FY26, driven by strong adoption across enterprises and MSMEs, continued expansion of its vertical SaaS offerings, and growing demand for integrated financial operations solutions. The company reported revenue of INR 723 crore, up from INR 659 crore in FY25, while its annual Gross Transaction Value (GTV) reached nearly US$ 50 billion. The platform has been consistently profitable since its existence and in FY 26 it has reported a PAT of INR 11.15 Cr. Easebuzz today serves more than 3,00,000 businesses across India and processes over 3 million transactions every day.
FY26 marked a year of significant business and regulatory milestones for the company. Easebuzz secured all three key Payment Aggregator authorisations from the Reserve Bank of India—covering Online (PA-O), Physical (PA-P) and Cross Border (PA-CB) payments—placing it among a select group of payment fintech companies with the complete suite of approvals. During the year, the company also launched Banking Connect IBMB, an interoperable net and mobile banking platform developed in partnership with NPCI Bharat BillPay Limited (NBBL), further expanding its payments infrastructure capabilities.
- July 29, 2026 11:07
Cholamandalam Investment rises 2% to ₹1,783 as Q1 net profit jumps 46% to ₹1,654 crore
Cholamandalam Investment rose 2% to Rs 1783 on the NSE at 11 am, hitting a high of Rs 1839.60.
It reported a net profit of ₹1,654 crore for the quarter ended June 2026 (Q1FY27), up 46 per cent y-o-y
- July 29, 2026 11:06
DCM Shriram jumps 4% to ₹1,093.50 as Q1 PAT surges to ₹711.4 crore from ₹96.7 crore last year
DCM Shriram traded 4% positive at Rs 1093.50 on the NSE, hitting a high of Rs 1,187.50 from the previous close of Rs 1049.90.
It reported standalone PAT of Rs 711.43 crore in Q1FY27 as against Rs 96.73 crore in Q1FY26.
- July 29, 2026 11:06
City Union Bank falls 4% to ₹227.68 despite 25% rise in Q1 net profit to ₹383 crore
City Union Bank traded 4% lower at Rs 227.68 at 10.54 am, despite posting a net profit of ₹383 crore in Q1FY27,rising 25% y-o-y.
- July 29, 2026 11:05
Pfizer rises 2% to ₹4,816.70 as Q1 PAT grows 6.6% to ₹204.5 crore
Pfizer shares were up 2% to Rs 4,816.70 on the NSE at 10.49 am, hitting a high of Rs 4,839.50.
It reported 6.6% increase in Q1 PAT of Rs 204.47 cr.
- July 29, 2026 11:05
Dr Reddy’s confirms Thailand FDA approval for NUZOLVENCE antibiotic, six months after US nod; shares flat at ₹1,138.60 on NSE
Dr Reddy’s has clarified that a report titled “Dr Reddys antibiotic gets Thailand approval six months after US nod” is correct. The company said the report pertains to its joint press release with Global Antibiotic Research & Development Partnership Foundation (GARDP) dated July 27, 2026, stating that Thailand’s FDA approved NUZOLVENCE (zoliflodacin) six months after its US authorisation.
Shares flat at Rs 1,138.60 on the NSE.
- July 29, 2026 10:48
Tata Capital jumps 3% to ₹365.10 as Q1 net profit surges 56% to ₹1,547 crore
Tata Capital increased 3% to Rs 365.10 on the NSE at 10.45 am, hitting a high of Rs 377.90 (close to its 52-week high of Rs 379.95).
The company reported 56 per cent yoy jump in first quarter (Q1FY27) consolidated net profit at Rs 1,547 crore.
- July 29, 2026 10:47
Ambuja Cements rises 2% to ₹434.50 despite Q1 net profit falling 37% to ₹660 crore
Ambuja Cements rose 2% to Rs 434.50 on the NSE at 10.42 am, after opening at Rs 424.30 from the previous close of Rs 426.
Its net profit in the June quarter was down 37 per cent at ₹660 crore in Q1FY27
- July 29, 2026 10:42
Maharashtra Scooters Q1 net profit drops to ₹3.32 crore; shares at ₹12,657 on NSE
Maharashtra Scooters reported net profit of Rs 3.32 crore in Q1FY27 as against Rs 35.36 crore in Q1FY26.
Shares traded at Rs 12,657 on the NSE.
- July 29, 2026 10:41
ideaForge Technology appoints Strategic Growth Advisors as new IR agency, replacing Orient Capital effective September 1, 2026
ideaForge Technology has announced a change in its Investor Relations (IR) agency. Its engagement with Orient Capital, a division of MUFG Intime India Pvt. Ltd., will conclude on August 31, 2026, following a mutual understanding and strategic realignment. The company has appointed Strategic Growth Advisors Private Limited (SGA) as its new IR agency, effective September 1, 2026.
- July 29, 2026 10:39
Renaissance Global announced the opening of the third retail store of Jean Dousset in the United States at San Francisco
- July 29, 2026 10:39
Paytm launches split bills feature; shares up 1% to ₹1,322 on NSE
Paytm Launches Split Bills
One 97 Communications rose 1% to Rs 1322 on the NSE.
- July 29, 2026 10:39
Paisalo Digital redeems ₹25 crore worth of 12% NCDs (Series PDL-07-2021) at par
Paisalo Digital has redeemed 25 Unlisted Unsecured 12% Non-Convertible Debentures (NCDs) of face value of Rs. 1 crore each (Series- PDL-07-2021) at par through full and final payment on redemption date i.e. July 29, 2026.
- July 29, 2026 10:32
Jefferies on Auto Sector
2W demand shifting to premium bikes and EVs
TVS gaining share in 2Ws
Cars make a comeback in Jun-Q
Market share stabilization key for Maruti Suzuki
HYUNDAI slipping; TaMo PV rises to #2, but lower margins
Have Buys on TVS, Eicher, Maruti & M&M, but Underperform on HYUNDAI & TaMo PV
- July 29, 2026 10:32
Morgan Stanley on Swiggy
Swiggy’s Instamart business has been prioritizing profitability over market share in recent quarters
Think churn at the leadership level may further compound investor concerns around loss of market share
Also think a change in leadership could bring a strategy refresh and potential path to regain market share loss
While maintaining break even or profitability at the contribution margin level
- July 29, 2026 10:32
Citi on Pine Labs
Recommendation Accumulate, Target ₹215 (Earlier Target ₹235)
Growth In Line; Margins Lower on Mix & Growth Investments
Revenue growth led by distribution sub-segment within the Issuing and Acquiring business
Sales-Fleet Additions Should Contribute to higher H2 growth
- July 29, 2026 10:32
Macquarie on Indus Tower
Recommendation — Neutral, Target ₹350
Still lacklustre growth; up to Neutral on valuation
Continue to forecast a lacklustre growth Indus Towers
Indus’ Africa foray could add to revenue growth but will likely be ROIC dilutive given initial single tenancy visibility
Upgrade to Neutral following recent share price pull-back
Positive thesis will need stonger EBITDA growth outlook
- July 29, 2026 10:32
Macquarie on City Union Bank
Recommendation — Outperform, Target ₹250
Growth momentum intact
Broad-based growth drives the beat
Near-term margin pressure
Cleaner balance sheet supports RoA upside
- July 29, 2026 10:30
Kotak Securities on Cipla
Recommendation Accumulate, Target ₹1675
Advair approval marks another milestone toward achieving US guidance
Expect Cipla to generate US$22/28 mn US sales from gAdvair in FY27/28
Stays one of our top picks
- July 29, 2026 10:30
Bernstein on Nuvama Wealth
Recommendation — Outperform, Target ₹1800
Expect growth, but valuations limit near-term upside
Improved growth outlook & optimism over PAG’s exit (private) have driven the re-rating
Remain fundamentally positive
Re-rating bakes in optimism on the PE exit being completed in the near-term
- July 29, 2026 10:30
Brokerage Houses on Phoenix Mills
Macquarie on Phoenix Mills
Recommendation — Outperform, Target ₹2100
Rent catch-up begins
Retail growth print driven by occupancy at newer malls and revenue-share flow-through from higher consumption
Improving pre-leasing occupancies numbers at repositioned malls is encouraging
Remain concerned about slow pace of ramp up in offices
Morgan Stanley on Phoenix Mills
Recommendation — Overweight, Target ₹2000
Q1 EPS Miss Driven by Weak Residential Revenue
Project completion for PMC Bangalore expansion and Surat is delayed
- July 29, 2026 10:29
Brokerage Houses on SAIL
UBS on SAIL
SELL, TP Rs 170
(1) SAIL management highlighted that flat/long steel prices have corrected only Rs300/2,900 per ton in July as compared to Q1FY26 levels
(2) SAIL plans to increase its iron ore sales from 3.8mt in FY26 to 8.0mt in FY27, which is contingent on addressing logistical challenges. Q1FY27
iron ore sales at 1.1mt contributed to incremental sales/ profit of Rs4.0/1.5bn.
(3) Over medium to long term, SAIL’s coking coal costs could materially decline as company aims to replace part of its imports.
SAIL plans to ramp up volumes from its Tasra captive mine, scheduled to commence operation from December 2026. (4)
Management guided for capex to increase from Rs150bn in FY27 to above Rs200bn in FY28 and Rs250-260bn in FY29, primarily towards the expansion project at Burnpur
(IISCO plant).
CITI on SAIL
Sell, TP Rs 160
1Q EBITDA rose 72% yoy largely on higher realizations (+13%); volumes fell 9%, costs rose 4%.
Adj EBITDA/t: Rs10,715 vs. Rs8,280 in 4Q; Rs5,695 last year.
QoQ EBITDA/t move – higher realizations (Rs5,870/t), offset by higher costs (~Rs3,430).
Call highlights:
1) 1Q volumes fell ~9% yoy -planned shutdowns, SAIL is maintaining FY27 volume target at ~13%.
2) July flats prices at Rs56,900 vs. Rs57,200 in 1Q; longs at Rs54,200 vs. Rs57,100.
3) Coking coal higher qoq in 1Q, SAIL expects a reduction in Aug/Sep.
4) 1Q wage costs rose on VRS, wage revision due in Jan27.
5) SAIL is targeting cost savings by FY29. 6) Net debt Rs217bn, FY27/28 capex Rs150bn/Rs200bn
Sell: (1) Likely downside to EBITDA/t – domestic weakness + limited China upside, (2) Limited growth potential, next leg of capacities after 3 years, (3) Estimate net D/EBITDA at 2.5x+ by FY28.
- July 29, 2026 10:29
Brokerage Houses on Supreme Ind
CITI on Supreme Ind
Sell, TP Rs 3150 from Rs3050
1Q EBITDA was up 25% yoy despite 14% lower volumes (channel destocking) on higher EBITDA margins (14.6% vs 12.2% in 1QFY26).
EBITDA margin improvement was likely driven by a combination of lower cost PVC inventory, better product mix, and inventory loss recorded in 1QFY26.
Plastic piping segment volumes were down ~15% yoy, EBIT/kg was Rs16.3/kg vs 19.9/kg in 4Q and Rs10.6/kg in 1QFY26.
Looking ahead, mgmt. has reiterated their guidance for 15-17% volume growth in the plastic piping segment (12-13% overall).
This implies a 26% yoy volume growth in piping segment for balance 9MFY27.
Considering modest growth indicated by mgmt. for May/Jun (in a relatively stable PVC price environment), think there could be downside risk to the FY27 volume guidance.
CLSA on Supreme Ind
Hold, TP Rs 4000
Q1 in-line , as weak sales volumes (-14% YoY) were partly offset by higher margins (on a better mix).
Management maintained its FY27 guidance of 12%-13% volume growth & a 14%-14.5% Ebitda margin
This looks demanding, despite recovering PVC prices, given ask rate for the rest of year is 20%+ on a high base.
- July 29, 2026 10:29
Brokerage Houses on Varun Beverages
CLSA on Varun Beverages
High Conviction O-P, TP Rs 629
STK reacted strongly to a significant miss on India volume growth vs est.
While volume miss is disappointing, believe stock has overreacted, with Ebitda and PAT being in line with expectations despite a sharp increase in packaging and transport costs.
Also, with competitors raising pricing, believe worst from a competitive perspective is behind us & volume growth, with exception of April, remains robust at over 20% YoY
VBL is driving production to newer and more efficient lines, leading to lower costs, while also expanding distribution (4.5m outlet 2026 target versus 4m in 2025).
JPM on Varun Beverages
Neutral, TP Rs 530
Management tried to address key investor concerns, though a few pressure points remain visible.
Even as domestic volume growth is trending 20%+ in most months, weather-related disruptions can still weigh on reported growth, as witnessed in Q2 (April flat).
Management sounded confident of sustaining healthy double-digit growth, though delivery is increasingly reliant on sharper Rs20 propositions and scale-up of adjacencies
Competitive intensity remains elevated, particularly at lower price points (aiding category expansion), and VBL is prioritizing profitable growth over aggressively chasing low-margin Rs10 volumes.
International territories continue to fare well, led by broad-based Africa momentum, though Twizza integration/scale-up and Kenya expansion (post acquisition) will be key watch points.
VBL trades at 39x/34x CY27/28E P/E
Although see limited downside at current levels, domestic volume growth delivery (1HCY26 2 yr CAGR +~8%) will be a key share price catalyst.
CITI on Varun Beverages
Buy, TP cut to Rs 580 from Rs 640
India volumes grew 14% (off a -7% base) primarily impacted by weather-led disruption in April.
Key investor debate at VBL remains whether growth trajectory has structurally moderated amid increased competitive intensity in India; note that despite competitive pressures, India volumes delivered an 8% CAGR over past two years in 1HCY26.
Going ahead, while mgmt. commentary remains constructive, calling out sustained 20%+ volume growth trends extending into July, note that 2H accounts for only 35% of annual volumes. Believe category remains attractive (penetration-led growth opportunity) over long-term & competitive intensity could be gradually easing with Campa reducing volumes in its Rs10 SKU – we would look for an acceleration in 2-year CAGR trajectory.
Morgan Stanley on Varun Beverages
Recommendation — Overweight, Target ₹557
Positive Commentary on July Trends
Expects growth momentum to continue beyond July
Mgmt sounded confident in sustaining double-digit growth momentum and maintaining margins at current levels
Sharp stock reaction today factors in the weaker-than-expected growth in India
Positive management commentary and the relatively lower valuation vs. peers, should support near-term stock recover
- July 29, 2026 10:28
Brokerage Houses on Chola Finance
Citi on Chola Finance
Recommendation Accumulate, Target ₹2100 (Earlier Target ₹1945)
Growth/NIMs/Credit Cost Held Firm in a Seasonally Weak Q1
Asset Quality — Pace of Seasonal Deterioration Slow; Credit Cost at Guided Level
NIMs Likely To Hold Above Guidance
Opex Growth Following Asset Growth; Investment Phase Continuing
Morgan Stanley on Chola Finance
Recommendation — Equal-weight; Target ₹1900 (Earlier Target ₹1720)
Q1: good quarter
Raise FY27 forecasts sharply – these were depressed by macro concerns that now appear manageable
See limited upside and relatively higher vulnerability of growth to macro risks and NIM to higher rates
- July 29, 2026 10:28
Brokerage Houses on Chola Invest
HSBC on Chola Invest
Buy, TP Rs 2140
1Q underscored by healthy AUM growth, margin trends, and strong asset quality
Raise EPS by 0.9/3.1/7.9% for FY27/28/29e respectively as raise AUM growth, NIM & lower credit costs
CIFC looks attractive relative to peers & trades at 3.3x FY28e BVPS / 17.5x EPS, a discount of 19% in PB / 17% in PE to BAF
JPM on Chola Invest
OW, TP Rs 2075
Q1 in-line with strong post earnings commentary standing out for us
While CIFC did not formally change FY27 guidance, post earnings commentary gave enough confidence in trajectory for rest of FY27 should drive consensus upgrades
Two things stood out in post earnings call
(i) Confidence in declining credit cost trajectory : CIFC has already delivered on its FY27 credit cost guidance of 1.5% in a seasonally weak 1Q, with co confident of an improving trajectory over next 3 quarters with no visible impact from the geopolitical issues & weak macro
(ii) Growth acceleration: total AUM (incl off-book) growth has already accelerated to 23%, which is at the upper end of the FY27 growth guidance, with CIFC confident of improving further during the course of FY27 with strong momentum continuing across products in July as well.
CLSA on Chola Invest
O-P, TP Rs 1970
3% PAT beat vs estimates in 1QFY27, driven by a 5% PPOP beat, partly offset by higher-than-expected credit costs.
Overall, it was a good quarter.
Disbursement and AUM growth both were in the low-20s while NIM was largely stable on a sequential basis.
Stronger-than-expected fees and lower-than-expected opex helped drive the beat on PPOP.
Asset quality improved with the calculated net slippage ratio declining 40bps YoY to 2.5% driven by an improvement in vehicle finance and CSEL; there is room for further reduction as it is still above 1QFY25 levels.
Management sounded confident on the analyst call.
Macquarie on Chola Invest
U-P, TP Rs 1495
Delivered a strong 1Q FY27, with PAT rising 46% YoY to Rs16.5bn, broadly in line with estimates.
Better cost-to-income of 36% (vs 40% MQe) offset softer-than-expected 8.2% NIM (vs 8.5% MQe).
Credit cost was broadly in line, while AUM grew 22% YoY, led by LAP, SBPL, and SME.
RoA expanded 50bps YoY to 2.8%.
Despite decent performance, valuation remains stretched at a 3.4x FY28E P/BV, assuming 2.7% ROA
- July 29, 2026 10:27
Brokerage Houses on Avenue Supermart
CLSA on Avenue Supermart
High Conviction O-P, TP Rs 5723
In first analyst meeting with DMart’s new CEO, there was no wholesale shift in strategy, just a renewed focus on store expansion (15% target was lower than consensus), fixing online profitability and gearing the organisation for significantly larger business
Stock reaction suggests market was expecting more, but believe DMart continues to strike right balance between growth & profitability, while making subtle guidance shifts including more leased stores, a faster path to being FCF positive (three years) & quicker breakeven for DMart Ready
Goldman Sachs on Avenue Supermarts
Recommendation Sell, Target ₹3800 (Earlier Target ₹4000)
Store adds ambition lower than expectations
Company now more open to long-term leases to open stores
Like-for-like growth likely unlikely to see acceleration despite increased price inflation on FMCG products
Gross margin to sustain in 14-15% range; PBT margin a better metric of profitability going forward
E-commerce scaled back, company will not participate in Quick Commerce and wants to grow business profitably
Macquarie on Avenue Supermarts
Recommendation — Underperform, Target ₹3250
Targets 15% store adds, sees SSSg staying at ~8%
Unchanged outlook on quick commerce
Focused on proving the sustainable and profitable nature of DMart Ready
Believes online and offline consumers are different and hence also does not see merit in integrating DMart Ready and physical stores
Morgan Stanley on Avenue Supermarts
Recommendation — Overweight, Target ₹4464 (Earlier Target ₹4827)
Cut store openings for FY27e to 75 vs. 85 earlier
Also reduce SSSG to 7% from 8%
EPS estimates for FY27-29 are lower by 3% each owing to the top-line cut and higher finance costs
HSBC on Avenue Supermart
Reduce TP Rs 3530
Store add guidance underwhelming: target to add 15% (implies 75, HSBCe: 90 in FY27e); SSSG target 8%
No major strategy change despite new management – focus remains on offline format, value to remain key moat/driver
Adjust store count lower, leading to 1-2% EPS cut
- July 29, 2026 10:27
Brokerage Houses on HUL
Jefferies on HUL
Buy, TP Rs 2850
While HUL’s 1Q was a slight miss, 7% share price drop is baffling given extent of miss.
There were a few weak spots (Home Care margins; growth in Personal Care & Foods), but offsetting factors meant the overall miss in EBITDA was small.
Also note consistent improvement in growth & profitability over past few qtrs.
Mgmt. commentary was reasonable, with expectations of stable demand & margin remaining in the guided range.
Goldman Sachs on HUL
Recommendation Accumulate; Target ₹2450 (Earlier Target ₹2725)
Revenue growth improving, we expect further acceleration in FY27
Home care growth was strong and is likely to accelerate further as price growth kicks in FY27
Encouraging recovery in beauty & wellbeing
Foods steady, weak personal care
Expects to sustain EBITDA margins despite input cost inflation
Macquarie on HUL
Recommendation — Outperform; Target ₹2860
Broadly in-line 1Q; volume growth moderates QoQ
Did not like the continued weakness in soaps due to inflationary pressures
Liked stable FMCG demand outlook going into Q2 despite the inflationary pressures
Premium continues to grow ahead of mass across markets
Believe clarity on a volume pickup remains important to near-term performance
HSBC on HUL
Upgrade to BUY, TP Rs 2450
Upgrade on improving performance in its key segments (Home Care, B&W) plus comfort on valuations
Focus on volume growth clear (Home Care margins down); tea & soaps remain risks, if inflation accelerates hereon
TP based on 45x fwd P/E; 9% PBT CAGR over FY26-29e vs 2% in FY23-26
Morgan Stanley on HUL
Recommendation — Equal-weight; Target ₹2480
Q1: Optimistic Commentary
Overall demand conditions are expected to be stable
Inflation has not affected demand so far; Rural and urban demand remains stable
Monsoon and geopolitical risks remain key monitorables
- July 29, 2026 10:26
Brokerage Houses on L&T
Jefferies on L&T
Buy, TP Rs 5000
Q1 EBITDA was 8% lower than expectations as E&C execution was weak.
14% YoY rise in order flow is tracking L&T’s annual 10-12% YoY growth guidance.
Management maintained its annual 10-12% YoY revenue guidance, implying that 2H will be better, but likely conditional on war settling down
Believe L&T stock should see a leg up to Rs4278 (when conflict started) if global tensions ease, with earnings visibility adding to upside thereon.
CLSA on L&T
O-P, TP Rs 4842
Q1 beat three of four guidance items: new orders, recurring E&C margins and working capital, while execution missed
Biggest surprise was its E&C margin, which rose 30bps ex-one-off, non-cash ECL provisions of 50bps and new orders, up 14% YoY, led by US billions in orders from an EU offshore win & India private and industrial Capex, as the Middle East (ME) went dry.
Its US$82bn backlog grew 27% YoY & appears solid in current environment.
For FY27, L&T retained its guidance of a 10%-12% rise in new orders & execution with flat margins, despite Strait of Hormuz opening delay.
L&T has started execution of its exciting FY31 plan, touching all right chords of wealth creation, from building an AI business to expanding into electronic manufacturing, green tech & chemistry
GS on L&T
Buy, TP Rs 4370
L&T’s P&M (core) order inflow was 17% yoy in 1QFY27 (vs. GSe of -6%), and 1Q core EBITDA margins came in at 6.9% (vs. GSe of 7.1%) a 20bps decline yoy, driven by lower execution in core segments.
Key highlights from quarter:
1) Prospect base being resilient at Rs15tn despite strong order inflow in Q1 and well spread across domestic as well as international with private sector representing 45% in the mix.
2) Project execution continued to be impacted amid West Asia conflict, reflected in weaker execution;
3) FY27 guidance maintained at +10-12% on order inflows and similar growth in revenue with core margins flat (7.8% excluding realty biz. and 8.2% including realty).
Mgt highlighted that award and tendering in ME continues.
Citi on L&T
Recommendation Accumulate; Target ₹4650
Q1: Resilient Performance; Order Inflow Outlook Constructive
Management commentary suggests supply chain linked cost pressures should remain manageable
Maintained its full-year margin guidance
Margin headwinds in Q1 were primarily driven by a bump in Expected Credit Loss
- July 29, 2026 10:26
Industrial production rises, but risks remain
Vikrant Chaturvedi, Associate Director, Brickwork Ratings
“The acceleration in industrial production to 7.3% in June 2026 indicates resilient domestic momentum, anchored by a robust 14.2% expansion in capital goods. While this reflects steady capital expenditure execution, our forward-looking credit outlook adopts a cautious stance. The 9.3% growth in intermediate goods supports near-term supply chain stability, yet the broader macroeconomic landscape is clouded by significant risks.
The looming reality of a below-normal monsoon threatens rural consumption and poses upward inflation pressure. Furthermore, although active military engagement in the Middle East has paused, persistent regional tensions continue to drive troubling oil price volatility. For corporate credit profiles, these overlapping headwinds signal potential margin compression in the second half of the fiscal year. Sustaining the current industrial trajectory will increasingly depend on domestic investment durability to offset these mounting macroeconomic pressures.”
- July 29, 2026 10:21
Top technical indicators: July 29, 2026
* Gap-up breakout: Nifty opened with a bullish gap-up at 24,177, well above Tuesday’s close of 23,985, signalling strong buying interest.
* Market breadth: The advance-decline ratio of 41:9 reflects broad-based participation and a healthy bullish market structure.
* Sectoral leadership: Nifty IT (+2.4%) and Nifty Metal (+1.9%) are driving the rally, indicating strength in technology and cyclical stocks.
* Price above key support: Nifty futures are comfortably trading above the crucial 24,200 support, keeping the near-term trend positive.
* Higher highs formation: Sustaining above 24,200 keeps the path open towards 24,370 and 24,450, reinforcing bullish momentum.
* Volume confirmation: Holding gains after the gap-up during the first hour suggests buying interest rather than a short-covering spike.
* Support-resistance setup: Immediate support is placed at 24,200, followed by 24,000; resistance levels are 24,370 and 24,450.
* Momentum bias: Unless 24,200 is decisively breached, the intraday momentum remains tilted in favour of the bulls.
Key levels at a glance
* Trend: Bullish
* Immediate support: 24,200
* Major support: 24,000
* Immediate resistance: 24,370
* Next resistance: 24,450
* Trading bias: Buy on dips while above 24,200.
- July 29, 2026 10:19
Nifty Prediction Today – July 29, 2026: Nifty futures: Gap-up sustaining, traders can buy
Nifty Prediction Today – July 29, 2026: Nifty futures: Gap-up sustaining, traders can buy
Nifty futures show a bullish trend; traders are advised to buy, targeting 24,370 with a stop-loss at 23,900.
- July 29, 2026 10:12
Suzlon Energy down 1% to ₹47.50 as Q1 net profit falls 6% to ₹305 crore
Suzlon Energy shares were down 1% at Rs 47.50 at 10.08 am, after flat opening at Rs 48.
It reported a six percent year-on-year decline in consolidated net profit to ₹305 crore for the June quarter
- July 29, 2026 10:11
Tanla Platforms gains 2% to ₹610.65 as board approves ₹149 crore acquisition of ValueFirst Middle East through subsidiary
Tanla Platforms gained 2% to Rs 610.65 on the NSE. Board approved the acquisition of 100% of ValueFirst Middle East FZC (VF FZC) through its subsidiary Karix Mobile FZ LLC for an aggregate enterprise consideration of ₹148.52 crore
- July 29, 2026 10:11
RVNL rises 2% to ₹226.05 after winning ₹359 crore East Central Railway doubling project order
RVNL rose 2% to Rs 226.05 on the NSE following the receipt of Letter of Acceptance (LoA) worth ₹358.97 crore from East Central Railway for the construction of doubling works for 25T Indian Railway Standard Loading, from Kundawa Chainpur to Raxaul
- July 29, 2026 10:10
US imposes preliminary 3.68% duty on Graphite India electrode exports; shares up 1% at ₹655.70 on NSE
US Department of Commerce had preliminarily imposed a countervailing duty of 3.68% on exports of large diameter graphite electrodes from Graphite India
Shares traded at Rs 655.70 on the NSE, up 1% after opening at Rs 645 from the previous close of Rs 648.55.
- July 29, 2026 10:10
Go Digit General Insurance rises 1% to ₹248.45 as CCI approves holding company amalgamation
Go Digit General Insurance shares up 1% to Rs 248.45 on the NSE. CCI approved the amalgamation of Go Digit General Insurance’s holding company with itself.
- July 29, 2026 10:06
ACME Solar raises ₹3,405 crore from PFC to develop 250 MW FDRE project
ACME Solar secures ₹3,405 crore PFC funding for 250 MW FDRE project
ACME Solar raises ₹3,405 crore from PFC for its 250 MW FDRE project in Rajasthan and Gujarat, backed by a 25-year NHPC power purchase agreement.
- July 29, 2026 09:58
Rupee rises 5 paise to 95.77 against US dollar in early trade
Rupee rises 5 paise to 95.77 against US dollar in early trade
At the interbank foreign exchange, the rupee opened at 95.70 and slipped to 95.77 against the greenback, registering a gain of 5 paise from its previous close
- July 29, 2026 09:55
L&T shares gain 3.5% after Q1 profit rises, brokerages retain positive view
L&T shares gain 3.5% after Q1 profit rises, brokerages retain positive view
L&T shares rise 3.5% post-Q1 profit increase, with brokerages maintaining positive outlook despite near-term execution challenges.
- July 29, 2026 09:51
Crude oil futures jump after US-Saudi strikes on Iran-backed targets
Crude oil futures jump after US-Saudi strikes on Iran-backed targets
Crude oil futures rise sharply after US-Saudi strikes on Iran-backed targets heighten supply disruption risks in the region.
- July 29, 2026 09:50
Stocks in Focus: L&T Energy Hydrocarbon Onshore
L&T Energy Hydrocarbon Onshore has secured a major EPC order worth ₹5,000 crore to ₹10,000 crore from Kuwait Oil Company for Jurassic Light Oil (JLO) export facilities and upgrades to the existing export network.
- July 29, 2026 09:50
IT stocks, FII buying lift Sensex 657 points; Fed rate decision in focus
IT stocks, FII buying lift Sensex 657 points; Fed rate decision in focus
The gains were led by IT, consumer and telecom stocks, even as global investors waited for the U.S. Federal Reserve's interest rate decision later in the day
- July 29, 2026 09:44
Gaurav Udani, Founder - Thincredblu Securities “Market Opening Commentary
Nifty is expected to open higher around 24,100, up nearly 120 points, indicating a positive start supported by favorable global cues.
The index is once again approaching the important 24,100–24,200 resistance zone, which will be crucial for the next directional move. A sustained breakout above this range could trigger fresh buying interest and extend the ongoing recovery.
On the downside, 23,900–24,000 will act as the immediate support zone, where buying interest is likely to emerge on any intraday decline.
While the opening bias is positive, traders should avoid chasing the gap-up and instead wait for confirmation above resistance before initiating fresh long positions.
The short-term trend remains constructive, and a buy on dips approach continues to be the preferred strategy as long as Nifty holds above the 23,900–24,000 support zone.”
- July 29, 2026 09:43
Prasenjit Paul, Fund Manager at 129 Wealth & Research Analyst at Paul Asset on the 'Manipal IPO'
Manipal Health is one of India’s leading hospital chains and is well placed to benefit from the country’s rising demand for quality healthcare. Increasing health insurance penetration, higher disposable incomes and the expansion of organized hospitals into smaller cities provide a strong long-term growth opportunity. The IPO, priced at ₹560-590 per share, will primarily support the company’s expansion plans while also helping reduce a part of its debt. However, considering the large issue size and valuations that already reflect much of the positive outlook, we are expecting a muted listing. Investors looking for quick short-term gains may be disappointed. Instead, the IPO appears better suited for investors with a 2-3 year investment horizon who want to participate in India’s long-term private healthcare growth story.
- July 29, 2026 09:43
Commodities in focus: Crude oil
Crude oil futures traded higher on Wednesday morning after the US and Saudi Arabia conducted joint strikes on Iran-backed targets in Iraq. At 9.35 am on Wednesday, October Brent oil futures were at $85.23, up by 3.84 per cent, and September crude oil futures on WTI (West Texas Intermediate) were at $82.63, up by 4.25 per cent. August crude oil futures were trading at ₹7941 on Multi Commodity Exchange (MCX) during the initial hour of trading on Wednesday against the previous close of ₹7603, up by 4.45 per cent, and September futures were trading at ₹7746 against the previous close of ₹7449, up by 3.99 per cent.
- July 29, 2026 09:24
HUL, L&T, Tata Capital, Pfizer shares gain, Ambuja Cements & Suzlon dip after Q1 results: Catch live updates here
Q1 Results 29th July Live: Adani Enterprises, Adani Ports, Asian Paints, Eicher Motors, Waaree Energies, Colgate, Prestige Estates, Syrma SGS Tech, Hexaware Tech, Dabur, Vedanta Oil, ACME Solar to announce Q1 results, HUL, L&T, Tata Capital, Pfizer shares gain, Ambuja Cements & Suzlon dip
Q1 Results Today, 29th July 2026 Live Updates: Get real-time Q1 FY27 earnings updates, profit growth, revenue numbers and management outlook from 7NR Retail, Accelya Solutions India, ACME Solar Holdings, Adani Enterprises, Adani Ports and Special Economic Zone, Adf Foods, Aequs, Aeroflex Neu, Akme Fintrade (India), Apcotex Industries, Arcotech, Arex Industries, Asahi Songwon Colors, Asian Paints, Bajaj Housing Finance, Balkrishna Industries, BGR Energy Systems, Black Buck, BMW Ventures, CarTrade Tech, Chalet Hotels, Chandra Prabhu International, Chemfab Alkalis, Colgate Palmolive (India), Coral Newsprints, Craftsman Automation, Continental Securities, Dabur India, Devyani International, Dhanlaxmi Bank, EFC (I), Eicher Motors, eMudhra, Eris Lifesciences, Force Motors, G. G. Dandekar Properties, Gokul Agro Resources, Garden Reach Shipbuilders & Engineers, GSL Securities, Hawkins Cookers, HeidelbergCement India, Hexaware Technologies, Honeywell Automation India, Hariyana Ventures, ICSA (India), Indo Rama Synthetics (India), Indostar Capital Finance, Ivalue Infosolutions, Jammu & Kashmir Bank, Jagsonpal Pharmaceuticals, Kamdhenu, OnEMI Technology Solutions, KPIT Technologies, Karnataka Bank, Laxmi Organic Industries, Maharashtra Scooters, MAS Financial Services, Mangal Electrical Industries, Moil, Meghmani Organics, MPF Systems, MTAR Technologies, Mystic Electronics, Nath Bio-Genes (India), OBCL, Odyssey Technologies, Omega Interactive Technologies, PCBL Chemical, Procter & Gamble Hygiene and Health Care, PNGS Reva Diamond Jewellery, Piramal Pharma, Prestige Estates Projects, Quess Corp, Redington, Refex Industries, Rishi Techtex, Rnit Ai Solutions, Saffron Industries, Sampann Utpadan India, Shanthi Gears, Sharda Cropchem, SKM Egg Products Export (India), Skyline Millars, Star Health and Allied Insurance Company, Steelcast, Suditi Industries, Sugs Lloyd, Sukhjit Starch & Chemicals, Syngene International, Syrma SGS Technology, TBO TEK, TeamLease Services, Thangamayil Jewellery, Timex Group India, Trident Lifeline, Triveni Engineering & Industries, Trustedge Capital, Vakrangee, V B Desai Financial Services, Vedanta Power, V-Guard Industries, Vidhi Specialty Food Ingredients, Vinati Organics, Vintage Coffee And Beverages, Vedanta Iron And Steel, Vivanta Industries, Vedanta Oil and Gas, Waaree Energies, Zee Learn, Zensar Technologies, Prabhu Steel Industries.
- July 29, 2026 09:23
Rupee's RBI-spurred rally faces twin headwinds of oil volatility, Fed uncertainty
Rupee's RBI-spurred rally faces twin headwinds of oil volatility, Fed uncertainty
The currency has drawn support over the last three sessions from likely intervention by the Reserve Bank of India, which traders expect will continue to underpin the currency
- July 29, 2026 09:21
Nifty today: Top gainers, losers at this hour of trade
Top gainers of Nifty 50: Infosys (+3.77%), L&T (+2.43%), TCS (+2.20%), Tech Mahindra (+1.88%), HUL (+1.86%)
Top losers: Power Grid (-0.65%), IndiGo (-0.64%), Coal India (-0.52%), Asian Paints (-0.30%)
- July 29, 2026 09:17
Sensex jumps 670 points to 77,436; Nifty rises 181 points to 24,166 in early trade
Sensex traded 670.38 pts or 0.87% higher at 77,436.30 after opening at 77,423.77 from the previous close of 76,765.92; and Nifty 50 gained 181 pts or 0.75% to 24,166.35.
- July 29, 2026 09:14
Inox Wind secures a 200 MW turnkey order from NLC India Limited
- July 29, 2026 09:14
CarTrade Tech and Spinny Partner to Transform Used Car Buying and Selling
- July 29, 2026 09:14
Biocon’s Canadian subsidiary gets Health Canada approval for Yesintek autoinjector; prior approvals for other Yesintek formulations received in October 2025
Biocon Limited’s subsidiary in Canada has received Notice of Compliance (NOC) approval for Yesintek® (ustekinumab) Autoinjector 45 mg/0.05 mL and 90 mg/mL from Health Canada. Health Canada previously granted Notice of Compliance for Yesintek® (solution for subcutaneous injection) 45 mg/0.5ml (prefilled syringe and vial) and 90 mg/ml (prefilled syringe) and Yesintek® I.V. (solution for intravenous infusion) 130 mg/26 mL (5mg/mL) in October 2025.
- July 29, 2026 09:10
SHYAM METALICS AND ENERGY LIMITED ANNOUNCES COMMISSIONING OF NEW 1.5 MTPA BENEFICIATION PLANT
- July 29, 2026 09:09
Gold holds steady ahead of Fed's rate decision
Gold holds steady ahead of Fed's rate decision
Spot gold was little changed at $4,029.08 per ounce by 0301 GMT. U.S. gold futures for August delivery dipped 0.2% to $4,028.10
- July 29, 2026 09:06
Oil prices jump nearly 4% as West Asia tensions escalate and US crude inventories fall
Oil prices surge nearly 4% on West Asia tensions and lower US crude inventories
Brent crude climbed above $87 as Middle East tensions intensified, US crude inventories fell and expectations grew that OPEC+ may pause output hikes.
- July 29, 2026 09:02
Q1 Results Today: 29 July 2026
* Asian Paints,
* Eicher Motors,
* Adani Enterprises,
* Adani Ports and
* Special Economic Zone,
* Colgate Palmolive (India),
* ACME Solar Holdings,
* Aequs,
* Bajaj Housing Finance,
* Black Buck,
* CarTrade Tech,
* Dabur India,
* Hexaware Technologies,
* Jammu & Kashmir Bank,
* KPIT Technologies,
* Karnataka Bank,
* MTAR Technologies,
* Piramal Pharma,
* Prestige Estates Projects,
* Syngene International,
* Vedanta Power,
* Vedanta Iron and Steel,
* Vedanta Oil and Gas,
* Waaree Energies
- July 29, 2026 08:59
Japan's Nikkei wavers on earnings caution
Japan’s Nikkei share average seesawed on Wednesday, as the impact of dip-buying was offset by caution ahead of U.S. tech earnings and as investors assessed the latest developments in the Middle East.
The Nikkei was last down 0.04% to 62,337.37 after swaying between gains and losses. The broader Topix inched up 0.33% to 3,976.55. On Tuesday, the Nikkei bluechip fell more than 4% to its lowest in two months on a chips selloff. - Reuters
- July 29, 2026 08:57
US crude jumps over 5% as Iran strikes Jordan base, warns of all-out war
US oil prices surge more than 5% following Iran’s ballistic missile wave and direct hit on the Muwaffaq Salti Air Base in Jordan.
Iran says it is now “fully prepared for all-out war.”
Crude bounce +5% again
- July 29, 2026 08:56
Market analysis by Vikram Subburaj, CEO, Giottus.com: July 29, 2026
Bitcoin traded near $63,620 on Wednesday, gaining about 0.8% over 24 hours, as investors maintained cautious positions before the Federal Reserve’s policy decision. The recovery remains modest after Bitcoin retreated from last week’s local high near $66,700. Immediate support lies at $62,700-$63,000, followed by $62,000. Resistance is visible near $64,100, with the stronger $65,100-$66,700 zone likely to restrict further gains.
On-chain data show why Bitcoin continues to hold around $63,000 despite weaker institutional demand.The $63,000 area represents the market’s strongest nearby demand zone, with the cost basis of roughly one-tenth of the circulating Bitcoin supply concentrated there. Meanwhile, the short-term holder cost basis near $69,000 remains the key breakeven level for recent buyers. If Bitcoin approaches this level from below, it could trigger additional selling pressure as investors look to exit at breakeven.
The broader market remains in cautious consolidation. Exchange liquidity has contracted and aggressive selling has eased, but derivatives traders are also showing less conviction. Perpetual futures buying has weakened, and funding costs for long positions have fallen sharply. Meanwhile, options markets are pricing in higher future volatility, even though the underlying asset has shown little price movement.
US spot Bitcoin ETF flows have reversed materially. Funds lost $225.1 million on July 23, $240.1 million on July 24 and $11.6 million on July 27, producing combined withdrawals of $476.8 million. July 28 showed a preliminary $5.1 million inflow. This reversal has substantially weakened the institutional support that drove the earlier recovery.
Large-cap altcoins were modestly higher. Ethereum gained 1.5% to $1,902, BNB rose 0.9% to $570, XRP advanced 1.4% to $1.07, Solana was almost unchanged at $73.23, and TRON added 0.2% to $0.324. The limited gains indicate selective participation rather than a broad altcoin rally.
The Fed decision is the immediate macro catalyst. Markets assign a 33% probability of a 25-basis-point increase, although most analysts expect rates to remain at 3.50%-3.75%. Renewed Middle East tensions, higher oil prices and a dollar index near 101.43 could encourage hawkish guidance even if rates are held.
Our advice: Investors should avoid taking large directional positions around the Fed decision. Staggered purchases, limited leverage and disciplined sizing remain preferable until Bitcoin either loses $62,700 or reclaims $66,700 with renewed ETF and spot demand.
- July 29, 2026 08:54
Toyota launches all-new Hilux as automaker eyes faster growth in India
Toyota launches new Hilux at ₹31.99 lakh as India expansion gathers pace
Toyota launches the new Hilux from ₹31.99 lakh, reinforcing its utility vehicle strategy alongside capacity expansion, a new Maharashtra plant and future SUVs.
- July 29, 2026 08:52
Healthy pipeline, AI-led demand to drive Happiest Minds’ FY27 growth
Healthy pipeline, AI-led demand to drive Happiest Minds’ FY27 growth
Adjusted profit after tax (PAT) stood at ₹80.5 crore, rising 12.9% QoQ and 14.7% YoY, while operating profit increased 2.3% QoQ and 11.8% YoY to ₹108.7 crore
- July 29, 2026 08:50
Turmeric prices soar on tight supplies, fear over deficient monsoon rain
Turmeric prices soar on tight supplies, fear over deficient monsoon rain
Turmeric prices surged to ₹200 a kg in the Erode APMC yard from ₹160 in a very short time, but have pulled back to ₹170, said RKV Ravishankar, President of Erode Turmeric Merchants Association
- July 29, 2026 08:45
SIP inflows of most listed MFs hit a bump
SIP inflows of most listed MFs hit a bump
SIP inflows for major mutual funds slow in Q2 due to weak returns, despite overall industry levels remaining robust.
- July 29, 2026 08:44
PMS net inflows surge to ₹3.55 lakh crore in June as AUM rises to ₹43.3 lakh crore
PMS net inflows surge to ₹3.55 lakh crore in June as AUM rises to ₹43.3 lakh crore
June sees PMS net inflows soar to ₹3.55 lakh crore, boosting AUM to ₹43.3 lakh crore and expanding client base.
- July 29, 2026 08:20
PSUs seek extension of RBI’s concessional ECB swap window
PSUs seek RBI extension of ECB forex swap window till March 2027
PSUs have urged the RBI to extend its concessional ECB forex swap window till March 2027 to boost foreign borrowing, FCNR(B) inflows and capital expenditure.
- July 29, 2026 08:12
India advances 6G ambitions as Scindia reviews Bharat 6G Alliance initiatives
Scindia reviews Bharat 6G Alliance progress towards India's 2030 6G vision
Scindia reviewed Bharat 6G Alliance's progress as India advances its 2030 6G Vision, backed by over 7,700 5G and 6G patent filings.
- July 29, 2026 07:49
Iran war latest: US intercepts Iranian missile attack as West Asia tensions push oil prices higher
US intercepts Iranian missile attack as oil prices rise and West Asia tensions escalate
US intercepts Iranian missiles amid escalating tensions, causing crude oil prices to surge as diplomatic efforts continue.
- July 29, 2026 07:41
Manipal Health IPO: Issue size, price band, anchor investors and brokerage views
Manipal Health IPO opens today: Price band, subscription details and brokerage recommendations
Manipal Health IPO opens today at ₹560-590 per share. Check issue size, anchor investors, subscription details, use of proceeds and brokerage recommendations.
- July 29, 2026 07:25
Opening Bid: Gift Nifty signals positive opening; markets await US Fed decision despite West Asia tensions
Gift Nifty signals positive market opening as US Fed decision and IIP data remain in focus
Gift Nifty signals a positive opening for Indian markets as strong IIP data boosts sentiment. Investors await the US Fed decision amid West Asia tensions.
- July 29, 2026 07:15
SIP inflows of most listed MFs hit a bump
SIP inflows of most listed MFs hit a bump
SIP inflows for major mutual funds slow in Q2 due to weak returns, despite overall industry levels remaining robust.
- July 29, 2026 07:02
Sanofi Consumer Healthcare India Limited reports Q2’26 Revenue at ₹2,357 MN, Net Profit at ₹919 MN
Highlights for the Quarter Y-O-Y:
Revenue at ₹2,357 million, a growth of 7%
Domestic Sales grew by 12%; aided by relaunch
Export Sales declined by 9%; on a high base
Profit Before Tax up by 16%
Highlights for the Half Year
Revenue from Operations at ₹4,649 million, a growth of 18%
Domestic Sales grew by 14%; aided by relaunch
Export Sales grew by 27%; on a low base,
Profit Before Tax up by 25%
- July 29, 2026 07:01
EbixCash expands wallet utility through BHIM UPI, eyes higher customer activation
EbixCash, one of India’s leading digital payments and fintech solutions providers, today announced that its Prepaid Payment Instrument (PPI) Wallet is now discoverable on BHIM UPI, enabling its over 14 lakh active wallet users to seamlessly link their wallet and make UPI payments using their wallet balance across merchants accepting UPI QR payments.
The integration represents a significant milestone in EbixCash’s digital payments journey, bringing its wallet into India’s interoperable UPI ecosystem. The wallet currently processes approximately ₹2 crore in monthly transaction value, with onboarding momentum of nearly 100 new users joining the platform every day.
By integrating with BHIM UPI, the EbixCash Wallet becomes part of customers’ existing UPI payment experience, allowing them to use their wallet balance for QR-code-based payments without relying on a separate payment journey. The move aligns with the National Payments Corporation of India’s (NPCI) vision of a more open, interoperable and inclusive digital payments ecosystem, enabling prepaid payment instruments to participate seamlessly within the UPI infrastructure.
Commenting on the announcement, Mr. Sharan Pardeshi, AVP – Product & Alliances, EbixCash, said, “Digital payments are increasingly moving towards interoperability, where customers expect the flexibility to use their preferred payment instrument across platforms. For a wallet business, discoverability on BHIM UPI is what turns stored value into everyday spending power, customers no longer need to think of their wallet balance as separate from their regular UPI payments. That shift is what will compound registrations, transaction volumes and merchant usage over the coming months.”
- July 29, 2026 07:00
Netweb Q1 revenue surges 172% YoY to ₹820 crore; PAT up 180% on strong AI systems growth
Netweb reported Revenue from Operations of ₹819.69 crore, registering a 172.13% YoY growth, while Operating EBITDA stood at ₹120.52 crore, up 168.99% YoY. PAT increased 179.94% YoY to ₹85.32 crore. The company’s order book stood at ₹2,506.94 crore as of June 30, 2026.
A key highlight of the quarter was the strong momentum in AI Systems, with segmental income growing 484.20% YoY and contributing 62.29% of the company’s operating revenue.
The results come amid a broader acceleration in India’s AI infrastructure build-out, with growing demand for high-end computing systems and increasing emphasis on indigenous design and domestic manufacturing.
- July 29, 2026 07:00
Rajani Sinha, Chief Economist, CareEdge Ratings based on the IIP Data
“It is comforting to note that India’s industrial sector has accelerated the growth momentum even amid global uncertainties and elevated energy prices. Industrial output increased by a strong 7.3% in June, taking the growth in Q1 FY26 to a healthy 5.8%. This performance was led by double-digit growth in electrical equipment, motor vehicles, trailers and semi-trailers, textiles, food products and other non-metallic mineral products. From a used-based perspective, strong growth of 14% in capital goods in Q1 FY27, could reflect steady investment activity in the economy against an uncertain global economic backdrop.
Going forward the uncertain global environment and high input prices will continue to pose a risk for the industrial sector. The other critical factor will be progress of the monsoon and impact of the same on kharif production and rural demand. While it is still early to assess the impact of monsoon on rural demand, the improvement in kharif sowing data in last few weeks, is a positive development”.
- July 29, 2026 06:59
WATCH: Today's stock recommendation: July 29, 2026
- July 29, 2026 06:59
IIP growth accelerates to 7.3% in June, led by electricity and manufacturing
IIP data by Prachi Kele, Lead Economist, PL Capital
“Overall, IIP growth accelerated to 7.3% YoY in June’26 from 5.1% in the previous month, exceeding the consensus estimate of ~5%. In line with our expectations, the expansion was driven by strong electricity generation (10.6% YoY) and healthy growth in manufacturing (7.8% YoY). Among use-based categories, investment-related goods outpaced consumer-related goods in production growth. Going forward, we remain watchful of the growth trajectory in both investment- and consumer-related goods.”
- July 29, 2026 06:58
The Phoenix Mills Ltd Q1FY27 Results
Revenue 1074.94 Cr vs 952.99 Cr
(+12.80% YoY┃-12.83% QoQ)
EBITDA 641.53 Cr vs 564.29 Cr
(+13.69% YoY ┃-14.42% QoQ)
EBITDA Margin 59.68% vs 59.21% YoY & 60.79% QoQ
PBT Ex-Exceptional Items 492.40 Cr vs 407.21 Cr
(+20.92% YoY┃-21.09% QoQ)
PAT Before Share of JV & Associates 393.55 Cr vs 319.92 Cr
(+23.02% YoY┃-18.98% QoQ)
PAT 394.51 Cr vs 320.86 Cr
(+22.95% YoY┃-18.73% QoQ)
PAT After Minority interest 296.86 Cr vs 240.69 Cr
(+23.34% YoY┃-26.40% QoQ)
Other Income 40.21 Cr vs 31.52 Cr YoY & 61.16 Cr QoQ
Last Q4 Exceptional loss of 4 Cr
- July 29, 2026 06:58
Agi Greenpac Ltd Q1FY27 Results
Revenue 785.27 Cr vs 687.66 Cr
(+14.19% YoY┃+5.78% QoQ)
EBITDA 174.83 Cr vs 142.02 Cr
(+23.10% YoY ┃+14.34% QoQ)
EBITDA Margin 22.26% vs 20.65% YoY & 20.60% QoQ
PBT 129.27 Cr vs 117.79 Cr
(+9.75% YoY┃-15.29% QoQ)
PAT 99.35 Cr vs 88.85 Cr
(+11.82% YoY┃-13.89% QoQ)
Other Income 8.96 Cr vs 33.50 Cr YoY & 53.29 Cr QoQ
- July 29, 2026 06:58
RADICO KHAITAN | Q1 Results (Consolidated)
* Net Profit: ₹229.6 Cr, ▲76% YoY, ▲28% QoQ
* Revenue: ₹1,684 Cr, ▲12% YoY, ▲12% QoQ
* EBITDA: ₹349 Cr, ▲50% YoY, ▲23% QoQ
* EBITDA Margin: 20.72% vs 15.41% (YoY), vs 18.91% (QoQ)
- July 29, 2026 06:57
RadicoKhaitan Raises Guidance
Upgrades P&A volume growth guidance to over 25% for FY27
Upgrades P&A volume growth guidance to over 25% from 20%
Expect to deliver margin of around 20% for FY27
- July 29, 2026 06:57
CemindiaProjects reports its Q1 results
Net Profit Up 2.6% At ₹140.8 Cr Vs ₹137.2 Cr (YoY)
Revenue Up 5.6% At ₹2,720.9 Cr Vs ₹2,576.4 Cr (YoY)
EBITDA Up 14.3% At ₹274.7 Cr Vs ₹240.3 Cr (YoY)
Margin At 10.1% Vs 9.3% (YoY)
- July 29, 2026 06:57
NETWEB TECHNOLOGIES Q1FY27
Revenue 819.69 Cr vs 301.21 Cr
(+172.13% YoY┃+5.94% QoQ)
Operating Profit 120.52 Cr vs 44.80 Cr
(+169.02% YoY┃+24.81% QoQ)
OPM 14.70% vs 14.87% YoY & 12.48% QoQ
PAT 85.32 Cr vs 30.48 Cr
(+179.95% YoY┃+20.87% QoQ)
EPS 14.98 vs 5.38 YoY & 12.43 QoQ
- July 29, 2026 06:57
Market Status: NIFTY Index Values (as of 28 July 2026 | 3:30 PM IST) :
NIFTY 50:* 23,985.35 (-10.60, -0.04%)
NIFTY NEXT 50:* 72,087.45 (-509.40, -0.70%)
NIFTY BANK:* 56,755.60 (-331.60, -0.58%)
NIFTY FINANCIAL SERVICES:* 26,024.20 (-101.95, -0.39%)
NIFTY MIDCAP SELECT:* 14,541.05 (-31.85, -0.22%)
- July 29, 2026 06:39
US STOCKS: S&P 500 inches higher in choppy trading as investors await pivotal earnings
Indexes: Dow up 1.24%, S&P 500 up 0.36%, Nasdaq down 0.01%
- July 29, 2026 06:34
Go Digit, Graphite India, RVNL, HUDCO, Tanla Platforms, Euro Panel in focus today
Wednesday watchlist: Go Digit, Graphite India, RVNL, HUDCO, Tanla Platforms, Euro Panel
Stocks in focus today include Go Digit, Graphite India, RVNL, HUDCO, Tanla Platforms, and Euro Panel due to key developments.
- July 29, 2026 06:33
MCX Aluminium: Vulnerable to fall
MCX Aluminium: Vulnerable to fall
Aluminium prices have been coming down over the last few days. The Aluminium Futures contract traded on the Multi Commodity Exchange made a high of ₹349 per kg last week and has turned down from there. It is currently trading at ₹340 per kg.
- July 29, 2026 06:32
Trading Guide for July 29, 2026: Intraday supports, resistances for Nifty50 stocks
Day Trading Guide for July 29, 2026: Intraday supports, resistances for Nifty50 stocks
Day Trading Guide gives you the key intraday supports and resistances to watch out for on the Nifty Futures and other widely traded stocks such as Reliance Industries, Infosys, HDFC Bank, TCS, SBI.
- July 29, 2026 06:32
Stock to buy today: LTM (₹4,311) – BUY
Stock to buy today: LTM (₹4,311) – BUY
Revise the stop-loss higher to ₹4,480 and ₹4,540 when the price touches ₹4,530 and ₹4,600 respectively. Exit the long positions at ₹4,660.
Published on July 29, 2026
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