Stock Market Highlights: Sensex settles 296 pts lower after volatile session, Nifty below 24,800; Tata Steel drops 3%, Sun Pharma 2%
Indian equities ended lower on Thursday but trimmed steeper early losses, as investors interpreted the U.S.’s proposed 25% tariff and unspecified penalties, set to take effect August 1, as a negotiating ploy rather than a definitive policy shift.
The benchmarks slid nearly 1% in early trade after U.S. President Donald Trump announced 25% tariffs on India, effective August 1, along with an unspecified penalty. He added that negotiations with India were ongoing. Mid-cap and small-cap stocks each lost about 1%. Textile stocks were among the hardest hit by the tariff announcement, with Welspun Living, Vardhman Textiles, KPR Mills, and Gokaldas Exports falling between 3.2% and 5.1%.
For the month, both the Sensex and Nifty dropped around 3%, with broader markets underperforming amid sustained foreign outflows and weak earnings from IT firms and major financials.
1) Trump threatens 25% tariff, penalty
2) Fed dampens rate cut hopes
3) Rise in Crude Oil Prices
4) Continued FII selling adds pressure
Top reads
Q1 results today
- HUL Q1 Results: PAT rises 8% YoY to Rs 2,732 crore, revenue up 4%
- Ambuja Cements Q1 Results: Cons profit rises 24% YoY to Rs 970 crore, revenue jumps 23%
- Sun Pharma Q1 Results: Cons profit falls 20% YoY to Rs 2,278 crore, but revenue gains 10%
- Vedanta Q1 Results: Cons PAT slides 12% YoY to Rs 3,185 crore, revenue rises 6%
- Adani Enterprises Q1 Results: Cons PAT plunges 45% YoY to Rs 976 crore; revenue drops 14%
- Swiggy Q1 Results: Loss widens to Rs 1,197 crore, revenue soars 54%
Global Market Update
- S&P 500 futures rose 0.9% as of 12:11 p.m. Tokyo time
- Japan’s Topix rose 0.7%
- Australia’s S&P/ASX 200 fell 0.2%
- Hong Kong’s Hang Seng fell 0.9%
- The Shanghai Composite fell 0.7%
- Euro Stoxx 50 futures rose 0.2%
S&P 500, Nasdaq hit record highs at open as Meta, Microsoft results fan AI frenzy
NYSE-parent ICE's profit beats estimates as volatility fuels record revenue
Exchanges thrive during bouts of market volatility as investors frequently rebalance portfolios to seize opportunities and hedge against risks, driving up trading volumes.
U.S. President Donald Trump's sweeping tariffs triggered volatility in April, while tensions in the Middle East exacerbated in June.
Mankind Pharma posts lower quarterly profit as costs surge
The company, which makes 'Gas-O-Fast' antacid tablets and 'Manforce' condoms, reported an 18% drop in its consolidated net profit to 4.38 billion rupees ($50 million) for the quarter ended June 30. Overall revenue climbed 24.5% to 35.70 billion rupees, but was overshadowed by a 35% jump in total expenses, leading to a decline in profit.
Coal India Q1 Results: PAT at Rs 8743 cr vs ET Now poll of Rs 9,172 cr
- PAT at Rs 8743 cr vs ET Now poll of Rs 9,172 cr
- Revenue Rs 35,842 crore vs vs ET Now poll of Rs 34,827 cr
- Dividend of Rs 5.50 per share
TVS Motor company to raise Rs 500 cr via Non-Convertible Debentures
Dabur Q1 Results: Cons PAT grows 3% YoY to Rs 514 crore, revenue up 2%
The company's revenue from operations stood at Rs 3,405 crore, which was up 2% versus Rs 3,349 crore posted in the corresponding quarter of the last financial year. Read more
City Union Bank Q1 results
- PAT up 15.7% YoY at Rs 306 cr
- NII at Rs 625 cr vs Rs 545 cr, up 14.7% YoY
Equitas Small Finance Bank Limited allots Non-convertible securities
FIIs bet on these 11 microcap stocks; one turns multibagger in FY26
So far in FY26, the Nifty Microcap index has delivered a return of around 16%, outperforming the broader benchmark Nifty index, which has risen by about 6% during the same period. This highlights a growing investor appetite for high-growth opportunities in smaller, lesser-known companies. Read more
Swiggy Q1 Results: Loss widens to Rs 1,197 crore, revenue soars 54%
Swiggy Q1 results
- Net loss at Rs 1,197 cr vs Rs 611 cr YoY
- Revenue from operations at Rs 4,961 cr vs Rs 3,222 cr YoY
FOREX Updates | Indian rupee becomes the worst performer among Asian peers on Wednesday with a 61 paise fall
- On Wednesday, the central bank's likely presence was limited, dealers said.
- After the rupee opened past 87 per, oil companies rushed to buy dollars, which triggered stop losses for importers.
- Combination of both these factors lead to rupee hit an intra-day low of 87.5152 towards the fag end of the session.
- This level was at a striking distance of its all-time closing low of 87.5775.
Closing Bell: BSE market statistics
Closing Bell: Top gainers and losers in today's trade
Closing Bell: Nifty below 24,800
Closing Bell: Sensex settles 296 pts lower after volatile session
Sensex Today | Nifty 50 | Stock Market LIVE Updates: Nifty Pharma stocks trading with cuts
Maruti Suzuki Q1 Results: Cons PAT rises marginally to Rs 3,792 crore, revenue jumps 8% YoY
Meanwhile, the company’s revenue from operations rose 8% YoY to Rs 38,605 crore, compared to Rs 35,779 crore posted in the same quarter of the previous fiscal year. Read more
Sensex Today | Stock Market LIVE Updates: Dabur India Q1 Results
Sensex Today | Nifty 50 | Stock Market LIVE Updates: Sensex tumbles over 300 points
Sensex Today | Stock Market LIVE Updates: Maruti Q1 Results
Sensex Today | Vedanta Q1 Results: Cons PAT slides 12% YoY, revenue rises 6%
Sensex Today | Stock Market LIVE Updates: Nifty FMCG stocks trading in green
Sensex Today | Stock Market LIVE Updates: Adani Enterprises Q1 Results
Stock Market LIVE Updates | Japan's Nikkei gains as BOJ policy decision lacks surprises
- Japan’s Nikkei rose 1% after the Bank of Japan kept interest rates steady but raised inflation forecasts, signaling future rate hikes.
- The central bank remained cautious on global trade uncertainties, despite recent progress in U.S.-Japan trade talks.
- Strong earnings boosted stocks like Kyocera (+9.5%) and Astellas Pharma (+6.1%), while Panasonic fell 3%.
- Copper-related stocks rallied, with Fujikura up 6.6% and Furukawa Electric gaining 5.8%.
Stock Market LIVE Updates | European shares edge higher amid earnings flurry, US tariff blitz
- European stocks edged up, with the Stoxx 600 rising 0.3% on upbeat earnings and easing trade concerns.
- Societe Generale jumped 7% after raising its profit target; Standard Chartered beat estimates; BBVA posted a profit decline.
- Shell gained 2.9% after strong results, while AB InBev slumped 10.2% on weak volumes.
- Fresh US tariff announcements stirred caution, while strong results from Microsoft and Meta lifted Wall Street sentiment.
Sensex Today | Stock Market LIVE Updates: Here are today’s gold prices in major cities (per 8 grams)
- Delhi: 22K – Rs 58,536 | 24K – Rs 62,376
- Mumbai: 22K – Rs 57,440 | 24K – Rs 61,264
- Chennai: 22K – Rs 56,672 | 24K – Rs 60,392
- Hyderabad: 22K – Rs 56,960 | 24K – Rs 60,736
Sensex Today | Stock Market LIVE Updates: Sun Pharma Q1 Results
Sensex Today | GMR Airports finalises details of its biggest bond issue: Report
Sensex Today | Nuvama shares fall 4% on IT department's search operations in Jane Street case: Report
Sensex Today | Gold prices may fall further amid trade deal jitters, US Fed’s unchanged interest rates. Should you sell?
- Gold October futures rose 0.11% to Rs 99,094/10g; silver September contracts fell 1.61% to Rs 1,11,050/kg.
- Strong US GDP growth and Fed’s rate pause led to profit booking in gold and silver.
- US trade tariff announcement on Indian goods and Russian ties dampened investor sentiment.
- Experts suggest selling gold at Rs 98,800–99,100 with SL of Rs 99,550; target Rs 98,100.
Sensex Today | Kaytex Fabrics IPO GMP hints at 22% listing pop; Issue subscribed 12 times on final day. Check details here
- Kaytex Fabrics' Rs 70 crore SME IPO saw 12.05x overall subscription; retail booked 16.48x. GMP hints at 22% listing premium.
- IPO opened on July 29 and closed July 31; listing expected on August 5 on NSE SME.
- Proceeds to fund warehouse, fabric tech upgrades, working capital, and other needs.
- Revenue rose from Rs 99.2 crore in FY23 to Rs 152.8 crore in FY25; net profit grew to Rs 16.9 crore.
Sensex Today | Stock Market LIVE Updates: India VIX up over 3%
Sensex Today |Stock Market LIVE Updates: Top gainers and losers at this hour
Stock Market LIVE Updates: TVS Motor Q1 profit surges 32% YoY to Rs 610 Cr, revenue up 18%
Sensex Today | Nifty 50 | Stock Market LIVE Updates: Ambuja Cements Q1 results
- PAT at Rs 969.66 cr vs Rs 783.18 cr, up 24% YoY
- Revenue at Rs 10,244.11 cr vs Rs 8,292.10
Sensex Today | Nifty 50 | Stock Market LIVE Updates: TVS Motors Q1 results
- PAT grew 35% YoY to ₹779 crore (vs ₹577 crore in Q1 FY25)
- Revenue up 20% YoY to ₹10,081 crore (vs ₹8,376 crore in Q1 FY25)
Sensex Today | Nifty 50 | Stock Market LIVE Updates: Stocks that hit 52 week low today
Sensex Today | Nifty 50 | Stock Market LIVE Updates: Gillette India Q1 results
Sensex Today | Nifty 50 | Stock Market LIVE Updates: Stocks that hit 52 week high today
Sensex Today | Nifty 50 | Stock Market LIVE Updates: Nifty sectoral indices; FMCG, pvt bank and media rally
Sensex Today | Nifty 50 | Stock Market LIVE Updates: DCB Bank Q1 results
- PAT up 20% YoY at Rs 157 cr
- Gross NPA at 2.98% vs 2.99% QoQ
- NII up 17% at Rs 581 cr
Sensex Today | Nifty 50 | Stock Market LIVE Updates: Nifty turns positive, trades above 24,850
Sensex Today | Nifty 50 | Stock Market LIVE Updates: Sensex recovers 800 pts from day’s low, turns positive; Nifty above 24,850
Sensex Today | Nifty 50 | Stock Market LIVE Updates: Kaynes Technology Q1 results
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Stocks to buy in 2025 for long term: Gravita India, GE Vernova among 5 stocks that could give 10-20% return
We have collated a list of recommendations from top brokerage firms from ETNow and other sources. Here's the list
Sensex Today | Nifty 50 | Stock Market LIVE Updates: 6,415% return - NSE's Rs 59 crore investment turns to Rs 3,840 crore in NSDL
NSE was among the earliest institutional backers of NSDL, India’s first and largest securities depository, having picked up a 24% stake, equivalent to 4.8 crore shares, at an average cost of just Rs 12.28 apiece. That investment, made well before NSDL’s public debut, has since appreciated sharply in value. Read more
Sensex Today | Nifty 50 | Stock Market LIVE Updates: Sensex recovers from day's low of 80,695.15
Sensex Today | Nifty 50 | Stock Market LIVE Updates: Volatility index, India VIX over 5%
Sensex Today | Nifty 50| Stock Market LIVE Updates: Nifty FMCG outshines as markets recover, here are the top gainers
Sensex Today | Nifty 50| Stock Market LIVE Updates: Jio Financial Services shares in rise 3% as board approves Rs 15,825 crore fundraise via warrants
Sensex Today | Nifty 50| Stock Market LIVE Updates: Tata Motors shares drop over 2%: What’s behind the decline and is it time to invest?
Sensex Today | Nifty 50| Stock Market LIVE Updates: PNB shares fall 4% after Q1 profit drops 48% YoY to Rs 1,675 crore
Sensex Today | Nifty 50| Stock Market LIVE Updates: Textile stocks tumble up to 10% on Trump tariff worries
Sensex Today | Nifty 50| Stock Market LIVE Updates: NSDL IPO subscription status
Sensex Today | Nifty 50| Stock Market LIVE Updates: IT stocks slip up to 3%
Sensex Today | Nifty 50| Stock Market LIVE Updates: Brigade Hotel Ventures lists 10% below IPO price
Sensex Today | Nifty 50| Stock Market LIVE Updates: Top gainers & losers at this hour
Nifty 50| Stock Market LIVE Updates: FMCG stocks weather broader market pressure
Sensex Today | Nifty 50| Stock Market LIVE Updates: HUL shares trade marginally higher after Q1 results
Sensex Today | Nifty 50| Stock Market LIVE Updates: HUL Q1 results
- PAT at Rs 2,732 cr vs poll of Rs 2,538 cr, up 7.6%
- Revenue Rs 15,931 cr vs Rs 15,339 cr, up 4% YoY
- Ebitda Rs 3,558 cr vs Rs 3,606 cr YoY
- Ebitda Margin at 22.3% vs 22.5% YoY